Bloomberg Boeing Co. closed the financial books on a tragic and tumultuous 2019 by revealing that total costs for its grounded 737 Max will surpass $18 billion when the tab for restarting production later this year is included. The planemaker is taking a $2.6 billion pretax writedown to compensate airlines for ballooning losses from a global flying ban that’s expected ...

ABU DHABI / WAM The UAE trade in aluminum amounted to around AED 8 billion during the first three months of 2019, according to statistics revealed by the Federal Competitiveness and Statistics Authority. The Emirates’ trade in the metal hit a record of AED 6.5 bn during the reference period, a growth of 23 percent over the corresponding period in ...

AJMAN / WAM The non-oil GDP in Ajman achieved a 3.6 percent growth in 2018, according to the emirate’s annual economic report 2019 issued by the Department of Economic Development covering the emirate’s economic outcomes until the end of 2018. The report showed that the average annual growth for the 2014-2018 period was some 3.8 percent, a clear indication of ...