LATAKIA / WAM The UAE’s “Bridges of Goodness” relief campaign launched on Monday in Latakia, Syria, in support for the quake victims as part of the Operation “The Gallant Knight 2”. The campaign is organised by the Emirates Red Crescent (ERC) in collaboration with the Syrian Arab Red Crescent (SARC). Engineer Amer Ismael Hilal, Governor of Latakia, along with a …

BLOOMBERG General Electric (GE) Co jumped the most in more than two years after forecasting continued expansion of profit margins at its aviation division as an independent business. The GE Aerospace business, which now primarily makes and services jet engines, should also see revenue growth at a mid- to high-single-digit rate and generate free cash flow “in line with net …

BLOOMBERG Gap Inc shares tumbled after the retailer reported quarterly sales that missed Wall Street’s estimates, an indication that it struggled to attract shoppers during the holiday season despite deep discounts. Comparable sales, a key gauge for retailers, fell 5% in the fourth quarter ended on January 28, compared with analysts’ average estimate of a 2.7% decline. Gap expects the …