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  Bloomberg UK consumer-spending growth slowed in April and is forecast to remain weak in the coming months, according to a report from Visa. Its index showed spending rose an annual 0.5 percent in April, down from 1 percent in March and marking one of the slowest rates of growth in the past three years. Weaker household demand is also ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed on Monday the launch of Miral’s AED12 billion master development plan to transform the southern end of Yas Island in Abu Dhabi. His Highness welcomed Miral’s delegation today at the Sea Palace Abu ...

  Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA), signed new strategic partnerships with Etisalat and du telecommunications at its headquarters in Abu Dhabi. The memoranda are part of the TRA’s plan of action aimed at achieving the objectives of the UAE National Vision 2021 to raise the country’s ranking among the top 10 countries in the National Readiness Index ...

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, reported increased profits during the first three months of this year, with revenues in excess of AED115 million between the months of January to March 2017. The reported Q1 2017 results reveal a 61 per cent increase ...

  SHARJAH / WAM Under the theme ” Finance and investment for an Innovative Economy”, the Euromoney Emirates Conference kicked off Monday in Sharjah, with more than 350 leading thinkers and financial analysts reviewing issues of relevance to financing, financial legislation and fiscal policies. Under the patronage of His Highness Sheikh Sultan bin Mohamad bin Sultan Al Qasimi, Crown Prince ...

  Abu Dhabi / Emirates Business Emirates Classification Society ‘TASNEEF’, through its subsidiary the internationally recognized certification body ‘TASNEEF-RINA Business Assurance’, successfully handed over the ISO 9001:2015 quality management system certificate to Abu Dhabi Autonomous Systems Investments (ADASI), the region’s first one stop solution provider within the autonomous system industry. The announcement was made during a ceremony with representatives from ...

  Bloomberg China is considering plans to create three power giants through mergers of eight coal-fired and nuclear generators with combined assets of almost 5.9 trillion yuan ($855 billion), according to people with knowl-edge of the plan. The proposal, which is only one option being considered as the government of President Xi Jinping seeks to restructure the state-run power sector, ...

  Bloomberg Garena has rebranded as Sea Ltd. after Southeast Asia’s most valuable startup secured $550 million in funds to step up a battle with Chinese e-commerce giant Alibaba and other players in Indonesia. The eight-year-old startup backed by Tencent Holdings Ltd. landed a clutch of new investors in its latest funding round, including some of the region’s wealthiest families. ...

  Bloomberg How much pain can China’s leaders stomach? It’s becoming a key question for investors as the government’s clampdown on financial leverage ripples through markets. The tightening campaign has erased at least $453 billion from the value of Chinese stocks and bonds since mid-April, spurred $21 billion of canceled debt sales and compelled the People’s Bank of China to ...

  Bloomberg KKR & Co. is in talks with Toshiba Corp. about a preemptive bid for the Japanese company’s memory chips business that would accelerate completion of a sale and end negotiations with other potential acquirers, according to people familiar with the matter. Toshiba is in favor of the proposal from KKR and Innovation Network Corp. of Japan because it ...