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Apollo targets $1bn for aircraft-finance fund

Bloomberg Apollo Global Management LLC is seeking to raise as much as $1 billion for a new aircraft-finance fund. The fund, expected to launch this year, would make various aviation investments and have a nine-year term, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public. Charles V. Zehren, a ...

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Nestle turns to moms after 150 years of selling infant formula

Bloomberg After spending more than a century selling baby formula, Nestle SA realised it’s neglected another potential customer: mom. The Swiss food giant is expanding its offering for expecting and lactating women to add products that it says will help reduce health risks related to motherhood. The business could generate $500 million to $1 billion in 10 years, according to ...

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UAE announces new family sponsorship policy for expats

ABU DHABI / WAM The UAE cabinet has adopted a decision to amend provisions of the resolution on sponsoring of foreign workers to their families in the country. According to a statement by the General Secretariat of the Cabinet, the amended provisions now indicate “income” as a requirement for sponsoring family members, as opposed to the previously listed “professions” which ...

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