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Bloomberg Boeing Co. received an endorsement from an unlikely source: John Leahy, Airbus SE’s retired sales supremo who rang up over $1 trillion in aircraft deals over a long career, largely at the expense of the US aerospace giant. Leahy is famous for ribbing his long-time rival. But after being put on the spot by a fellow aviation luminary at ...

Bloomberg Fast-dwindling cash is casting doubt on whether Sears Holdings Corp. can firm up its survival plan in time to avoid liquidation. Sears is expected to bleed $220 million in just the first month of its bankruptcy, court filings show, cutting deep into the $300 million loan it secured this week from senior lenders. The crunch could become more acute ...

Bloomberg Air France-KLM Chief Executive Officer Ben Smith marked an early victory just weeks after taking the top job by reaching a pay deal with French unions that had eluded his predecessor. The accord at the Air France arm includes a wage increase of 2 percent retroactive January 1 and another 2 percent to take effect in 2019, according to ...

Dubai / WAM The second United Nations Data Forum 2018 will commence on Monday, October 22. The three-day forum takes place in Dubai and will bring together more than 2,500 data experts, high-ranking government officials and prominent policy makers from 120 countries around the world. With 80 interactive discussion panels and over 400 global spe-akers, the second edition of the ...

DUBAI / Emirates Business The fourth edition of the annual UAE-India Economic Forum (UIEF), which will be held in Dubai on October 24, is poised to explore the strengthening ties and bilateral trade relations between the two countries. The UIEF is supported by the Telangana Chamber of Commerce and Industry and Gujarat Chamber of Commerce and Industry. The forum, to ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has revealed that compliance with tax returns requirements for excise tax one year after its introduction in the UAE has amounted to 97.7% of registered businesses — one of the highest rates in the world — while the total number of registrants reached 715 registrants. Khalid Ali Al Bustani, Director General ...

Emirates Business Maqta Gateway LLC, an Abu Dhabi Ports subsidiary, announced that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics. The announcement marks the latest milestone for Silsal. The innovative solution provides a seamless and secure link ...

STOCKHOLM / WAM Mariam Hareb Almheiri, Minister of State for Food Security, met Elisabeth Backte- man, State Secretary of Swed-ish Ministry of Enterprise and Innovation, to discuss means of enhancing ties in innovations in food technology. This meeting was held as part of UAE minister’s visit to Sweden, where she visited a number of research centres and companies which support ...

ABU DHABI / WAM The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) formally launched its ‘Abu Dhabi Government Digital Payment platform’ (ADPay) at GITEX Technology Week 2018. Launched in collaboration with the First Abu Dhabi Bank (FAB), the platform is a testament to the ADSSSA’s support for the Abu Dhabi Digital Transformation Program’s effort to build a sustainable and ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) announced robust financial results despite economic challenges for the first nine months of 2018 declaring net profits at AED397.7 million compared to AED360 million declared during the same period last year, showing a 10.5% increase. Total assets of the Shariah-compliant bank reached AED44 billion at the end of September 2018 compared to AED38.3 ...