Bloomberg IndiGo, India’s biggest airline, plans to order as many as 50 Airbus SE A330 wide-body jets as it seeks to expand beyond short-haul flights, people with knowledge of the matter said. The carrier aims to take the upgraded A330neo version of the plane, according the people, who asked not to be named as the discussions aren’t public. The deal …

Bloomberg American Airlines Group Inc. plans to retire 45 of its oldest Boeing Co. 737 jets over the next two years as part of an overhaul that will reduce the age of its workhorse narrow-body fleet. The Fort Worth, Texas, carrier plans to withdraw 12 of the aircraft next year and 33 in 2020, or about three a month. American’s …

Bloomberg Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt US operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the US division has become increasingly likely in recent days, said the …

LONDON / WAM UAE-based NMC Healthcare announced results for the year 2017, with total revenues rising from $1,220.8 million in 2016 to $1,603.4 million, up by 31.3 percent, and total net profit rising from $151.4 million in 2016 to $209.2 million last year, an increase of 38.2 percent. Adjusted net profit rose 43 per- cent from $165.2 million to $236.6 …

LUXEMBOURG / Reuters Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump’s economic nationalism, hit shares, oil and …

Mumbai / Emirates Business In a bid to strengthen ties with overseas clients, Ras Al Khaimah Economic Zone (RAKEZ) has launched its new office in India at the strategically important Bandra Kurla Complex in Mumbai. The opening of the office, which was witnessed by His Highness Sheikh Ahmed bin Saqr Al Qasimi, RAKEZ Chairman, VIP government representatives and senior industry …

Dubai / Emirates Business Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, adopts Microsoft’s cloud solutions, cyber security products, and business intelligence capabilities to optimise costs and spearhead innovation across operations and processes. Both companies will work together to redefine Deyaar’s customer experience with a virtual-tour application using Microsoft’s mixed-reality HoloLens device, create a …

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), the Sharjah Real Estate Registration Department and the Real Estate Sector Business Group in Sharjah have announced the details of the 5th edition of the Acres 2018 real estate exhibition, which is being held under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member …

DUBAI / Emirates Business Dubai Land Department (DLD) has announced that the closing ceremony for the second edition of the Gulf Real Estate Awards will take place on March 21, when the winners for the programme’s 22 categories will be announced. DLD has confirmed that over 170 entries were submitted by companies operating across various real estate fields in the …

Bloomberg US stocks pared declines, while Treasuries rose as investors assessed the possible fallout from President Donald Trump’s push to implement punitive trade tariffs on some products. The dollar turned higher versus major peers. The S&P 500 Index remained on track for the first drop in four days, though overnight declines sparked by the resignation free-trade proponent Gary Cohn and …