Bloomberg Emirates is set to raise $600 million from the sale of Islamic bonds as the world’s biggest airline by international passengers joins a rush of borrowers from the Gulf region. The Dubai government-owned carrier sold 10-year amortising sukuk at a profit rate of 4.5 percent, the company said in an emailed statement. The yield was cut from an initial …

Bloomberg Bombardier Inc has hired Toronto-Dominion Bank to find a buyer for the Downsview aircraft-assembly plant in Toronto that could fetch more than C$500 million ($382 million), according to people familiar with the matter. Canada’s biggest aerospace company has received multiple bids, with residential developers in the mix, said the people who asked not to be identified because the matter …

Bloomberg L’Oreal SA is set to acquire the Canadian beauty tech company ModiFace, gaining tools for customers to test make-up and lipstick online. ModiFace’s augmented reality technology has been widely adopted by cosmetics makers since the company was founded in 2006 and helps power the mobile apps of LVMH’s Sephora and Estee Lauder. The Maybelline maker has built a stable …