Bloomberg The long goodbye for Boeing Co.’s iconic 747 jetliner is turning out to be a little premature. The planemaker won a $5.65 billion lifeline for the endangered jumbo as United Parcel Service Inc. exercised options for 14 more of the freighters. The deal came weeks after Delta Air Lines Inc. parked the last of its 747 aircraft, marking the ...

Bloomberg Boeing Co. is wooing Embraer SA with a plan to form a commercial-jet venture instead of an outright acquisition, people familiar with the talks said. The two planemakers have made good progress on the framework for a deal, but hurdles remain and the final terms are still being hammered out, said one of the people, who asked not to ...

Bloomberg India plans to increase its airport capacity more than fivefold to help handle a billion trips as carriers in the surging market await delivery of over 900 aircraft. Airline stocks surged. The proposal is part of an infrastructure boost announced by Finance Minister Arun Jaitley in the federal budget for the year starting on April 1. The government will ...

Bloomberg Back in the last century, Ralph Lauren built a business empire by sketching out a national fashion identity with each design. In recent years, though, the influence of his preppy styles has waned. Sales have fallen steadily as shoppers moved on to casual wear, fast-fashion or even upstart preppy brands. Now, the 78-year-old designer is trying to make a ...

Abu Dhabi / WAM UAE General Trade volume keeps growing during first 9 months of 2017, despite the decline in growth rates of the global economy during the year 2017, according to the Federal Customs Authority (FCA). The preliminary statistical data has revealed that UAE general trade volume during the period January to the end of September 2017 amounted to ...

Abu Dhabi / WAM The Central Bank announced that the Money Supply aggregate M1 increased by 0.4%, from AED490.3 billion at the end of November 2017 to AED492.4 billion at the end of December 2017. In a statement, the bank said, “The Money Supply aggregate M2 increased by 2.2%, from AED1248.8 billion at the end of November 2017 to AED1276.2 ...

Abu Dhabi / WAM The Registration Authority of Abu Dhabi Global Market (ADGM) issued a public consultation paper inviting public feedback and comments to codify existing corporate beneficial ownership and control practices in line with global standards and initiatives. Recommendations have been developed following a benchmarking analysis of the regimes applicable in the UK, Guernsey and Jersey. These jurisdictions have ...

RAS AL-KHAIMAH / WAM The UAE’s electronic tax system is the most comprehensive in the region, said the Federal Tax Authority (FTA) at an introductory workshop it organised at the Department of Economic Development of Ras al-Khaimah. The system facilitates the processing of taxes transparently and efficiently, boosting confidence in the tax regulations and ensuring widespread tax compliance, the FTA ...

VIENTIANE / WAM Khaled Ibrahim Abdul Aziz Shuhail, UAE Non-Resident Ambassador to Laos, has met with Khemmani Pholsena, the Laotian Minister of Industry and Commerce, within the framework of joint cooperation and continuous coordination aimed at developing bilateral relations between the two countries. During the meeting, they discussed the development of bilateral relations and ways of boosting trade and investment ...

DUBAI / WAM Nakheel announced a net profit of AED5.67 billion for 2017, up 14 percent on 2016. Nakheel generated a net profit of AED1.67 billion in Q4 2017, an increase of 58 percent on the same period in 2016. The 2017 results highlight the stability and maturity of Dubai’s real estate sector and reflect the robust business and economic ...