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Bloomberg Boeing Co. painted an optimistic forecast for China, an aviation market soon poised to become the world’s biggest. The planemaker also needs to overcome a tit-for-tat trade war that President Donald Trump is ratcheting up. The country will need 7,690 new planes worth $1.2 trillion over the next two decades, the Chicago-based planemaker said in Beijing. That’s a 6 ...

Bloomberg Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks with alternative buyers for the remaining aircraft in a $1.6 billion deal with Iran, which it can no longer deliver due to sanctions. “We are pretty confident that we will finalise the re-allocation to other countries” by the end of this year, ...

Bloomberg Amazon.com said sales from its business-to-business platform hit an annualised rate of $10 billion globally as it adapted its online retail operations for consumers into an international enterprise serving offices, hospitals and factories. The Seattle-based internet giant launched Amazon Business in the US in 2015 and reached $1 billion in sales a year later. It now operates in eight ...

Bloomberg Ryanair Holdings Plc pilots and flight attendants in Germany will walk out on Wednesday, meaning many of its services in and out of the country may not operate. The latest strike will follow the scrapping by Europe’s biggest discount carrier of more than 400 flights on August 10 amid walkouts in five nations including Germany, though since then it ...

Bloomberg China’s Anta Sports Products Ltd. is gearing up for the Beijing Winter Olympics four years from now with a 4.7 billion-euro ($5.5 billion) approach for one of the world’s biggest makers of ski equipment. Amer Sports Oyj of Finland, which owns the Atomic and Salomon brands, confirmed a Bloomberg News report that it has received takeover interest from an ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), has been named ‘Most Innovative Investment Bank from the Middle East’ for the third consecutive year at The Banker’s 2018 Investment Banking Awards. Andy Cairns, FAB’s Senior Managing Director and Head of Global Corporate Finance, received the award at a ceremony in London. In their 12th year, the awards celebrate innovation ...

ABU DHABI / WAM The UAE’s economic sectors have continued their growth since the start of the current year, according to a digital review of relevant indicators, which encouraged the banking system to fund the activities of various sectors that support the national economy. Statistics issued by the Central Bank of the UAE show that ten vital economic sectors witnessed ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced, on Monday, major development plans for Ruwais City, a 6.9-square kilometer community near the Ruwais Industrial Complex, in Abu Dhabi’s Al Dhafra region. The project will see the city’s population nearly double, over the next 15 years, to more than 50,000 people, as well as the creation of ...

Paris / WAM Yahsat, a leading global satellite operator based in the UAE and wholly owned by Mubadala Investment Company, and Hughes Network Systems (Hughes), a subsidiary of EchoStar Corporation, on Monday announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services across Africa, the Middle East and southwest Asia. This new venture combines ...

DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, stressed the importance of providing opportunities for Emirati youth and encouraging them to develop new skillsets associated with Artificial Intelligence (AI) technologies. Al Olama’s statement came on the back of signing a strategic partnership agreement with Mohammed Amin, Senior Vice President, Middle East, Turkey and Africa ...