ABU DHABI / GULF TIME  Q Holding and ORA Real Estate Development Group signed a partnership agreement to develop a smart and sustainable city in the Ghantoot region of Abu Dhabi, UAE. The integrated city will span over 20 million square meters and will provide the community with residential, hotel, cultural, commercial, sporting and recreational services, all with a focus ...

BLOOMBERG The US Justice Department and Department of Transportation were expected to take action as soon as Tuesday to block JetBlue Airways Corp’s $3.8 billion takeover of Spirit Airlines Inc, according to people familiar with the case. The Justice Department is expected to file an antitrust lawsuit in federal court, alleging that the elimination of Spirit would increase ticket prices ...

BLOOMBERG Brazil’s battered airlines got some relief after striking agreements that eased investors’ concern over their liquidity amid deteriorating credit conditions in their home market. Azul SA’s American depositary receipts closed 41% higher at $5.85 in New York, the most on record, and bonds due in 2026 climbed 16 cents to 67.5 cents on the dollar. The moves follow an ...