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DUBAI / Emirates Business Cityland Group – developer of Cityland Mall, UAE’s first nature-inspired mall scheduled for launch in 2018 – on Sunday announced further progress in its leasing arrangements by signing up Matalan which is one of the leading fashion and lifestyle retailers across the globe. Founded in 1985, Matalan, the specialist retailer in fashion and homeware will occupy ...

Bloomberg Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018, companies from Royal Dutch Shell Plc to Exxon Mobil Corp. will find themselves with a surplus of cash to fund dividends, ruling the world of deep water mega-projects and even coming out ahead in tax negotiations with oil-reliant governments around the globe, ...

Bloomberg New Jersey became the latest state to consider subsidizing nuclear power with a $320 million-a-year plan to keep struggling reactors from going out of business. The state’s two plants would get extra payments for providing emission-free power under legislation introduced in Trenton. The move follows similar efforts by New York and Illinois and comes amid pressure from Public Service ...

Bloomberg The trains are running late for Canada’s oil producers just when they need them the most. After a two-week shutdown of one of the largest export pipelines to the US caused oil to back up in Alberta tank farms, Canadian railroad companies struggling to fulfill commitments to ship other commodities aren’t able to help ease the oil glut. “It’s ...

Bloomberg Chinese electric-car maker NIO has launched sales of its first vehicle three years after the company was founded, undercutting the price of a rival model from Tesla Inc. Chinese customers can buy the ES8 sports utility vehicle, with a range of 500 kilometres on a single charge, for 448,000 yuan ($67,783), the company said in Beijing. That compares with ...

Bloomberg Silver imports by India, one of the world’s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted by weak prices. Overseas purchases are estimated at as high as 5,500 metric tons in 2017 and may rise to about 6,000 tons next year, surging from 3,000 tons in 2016, according ...

Bloomberg Samsung Electronics Co. is said to be planning to debut its next flagship smartphone in February, presenting Apple Inc.’s iPhone X with a sooner-than-expected challenger. The South Korea-based technology giant plans to introduce the new models, the Galaxy S9 and Galaxy S9 Plus, as early as late February and release the devices as early as March, according to people ...

Bloomberg China’s holdings of US Treasuries rose in October as the world’s second-biggest economy rebuilds its currency reserves. China’s holdings of US bonds, notes and bills increased by $8.4 billion to $1.19 trillion, according to Treasury Department data released in Washington. China remains the biggest foreign holder of US Treasuries, ahead of Japan, which owned $1.09 trillion, down by $2.1 ...

Bloomberg President Donald Trump predicted the US economy is “going to start to rock” when the Republican rewrite of the US tax code is complete after a six-week sprint. GOP lawmakers posted their sweeping, 503-page bill—with permanent tax cut for US corporations and temporary benefits for individuals—after gaining key votes from two Republican senators who’d threatened to oppose it. Now, ...

Bloomberg AT&T Inc.’s chief executive officer stepped down from the boards of Boeing Co. and Emerson Electric Co. to shield both companies from any fallout as he battles the US government to win approval for the takeover of Time Warner Inc., according to a person familiar with the matter. CEO Randall Stephenson, 57, thought it wise to sever ties with ...