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  Bloomberg Nestle SA and Unilever reported sales that beat estimates as the European food giants pushed through higher prices to combat slowing consumption in most parts of the world. KitKat maker Nestle said organic revenue rose 2.3 percent in the first quarter, compared with the 2 percent median estimate. Unilever’s sales growth of 2.9 percent exceeded analyst predictions of ...

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday opened the ninth Sharjah Children’s Reading Festival, SCRF 2017, the region’s largest children’s reading event, at Expo Centre Sharjah. Running until April 29, this year’s festival has the theme ‘Discover Beyond’ and features 2,093 cultural, artistic and entertainment activities, ...

  Abu Dhabi / WAM The Tourism Development and Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday that 60 per cent of the units has been sold after unveiling a compelling selection of residential units on Saadiyat Island at Cityscape Abu Dhabi 2017, taking place from April 18-20 at the ...

  Bloomberg The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing or converting coal-burning generators at a record pace from Austria to the UK, made obsolete by competition from cheaper wind and solar power. After more than 500 years ...

  Bloomberg Pakistan is mulling a tax amnesty to bring back wealth hidden in foreign assets, a move that may boost stocks, bonds and property. The government is considering submissions by Pakistan’s business community seeking relief on undeclared offshore holdings, said Syed Masoud Ali Naqvi, a member of government’s Tax Reformers Implementation and Monitoring Committee. No plan has yet been ...

  Bloomberg A long-simmering trade dispute between the US and Canada over lumber is heating up, increasing the cost of building houses and causing American businesses to hunt for supplies in other countries. A detente between the normally friendly neighbors expired in October, and a new agreement isn’t on the horizon. That’s contributed to a more than 20 percent surge ...

  Bloomberg Verizon Communications Inc. is considering merger possibilities to reset the course of the company given the fast-changing structure of the industry, and would be open to talks with Comcast Corp., Walt Disney Co. or CBS Corp., said Chief Executive Officer Lowell McAdam. Verizon, the largest US wireless carrier, is seeking new sources of growth as the mobile-phone business ...

  ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of State, ADNOC Group CEO and Chairman of the UAE’s National Media Council, on Wednesday shared details of ADNOC’s 2030 strategy, which will deliver smart growth and long-term value and profitability, with leading local and regional media. Dr Al Jaber was speaking at the third GCC Petroleum Media ...

  DUBAI / Emirates Business Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, recently entered into a three-year-agreement with Emarat, one of the largest suppliers of petroleum products in the UAE, to deliver innovative, sustainable, and integrated general waste collection services. The scope of the contract includes Emarat’s 47 stations, atrium building, head office, central workshop, ...

  Bloomberg Businesses in Singapore are bracing for higher costs in a country that’s already among the world’s most expensive to live in. From a 30 percent increase in water prices to higher diesel costs to a looming carbon tax, manufacturers are being forced to adjust their operations to remain competitive in an economy that’s only recently recovering from an ...