Bloomberg CIT Group Inc. climbed in New York trading following a news report that initial bids to buy the commercial lender’s aircraft-leasing business topped some analysts’ expectations. CIT gained as much as 6.2 percent, the most intraday since October, and was up 3.4 percent to $36.16., the best performer in the Russell 1000 Financial Services Index. The shares have …

  Dubai / Emirates Business In line with its mandate to boost Dubai’s credentials as a wholesale hub of choice and as part of ongoing efforts to strengthen cooperation with partners and stakeholders from the private and public sector within and outside the UAE, Dubai Wholesale City (DWSC) welcomed a delegation from the Spanish embassy. During the visit, the two …

  Dubai / WAM Ahmed bin Sulayem, UAE Kimberley Process Chair 2016, on Sunday published a mid-term report, a first for the Kimberley Process. The Kimberley Process Certification Scheme (KPCS) is a joint government, industry and civil society initiative to stem the flow of conflict diamonds. It imposes extensive requirements on its members to enable them to certify shipments of rough …