Bloomberg Ruyi Holding Group, the Chinese apparel firm that’s taking over Bally International AG, will slow its dealmaking after announcing more than $4 billion of overseas acquisitions in the past three years. The company will focus on integrating existing brands and ease its M&A pace in the short to medium term, chairman Qiu Yafu said in an interview in Hong …

ABU DHABI / AGENCIES Many Organization of the Petroleum Exporting Countries (Opec) and allied oil producers see a need to cut output to stave off a new surplus, a key member of the coalition said, as delegates gathered in Abu Dhabi on Sunday. Twenty-six of the world’s leading oil and gas sector leaders gathered in the UAE capital, for a …

AL AIN / WAM Al Ain City signed a twin-city agreement with Wuxi, in southern Jiangsu province, China, for cooperation in urban planning, education, sports, tourism, culture and arts, as well as trade and investment. The signing occurred during a visit by an Al Ain City delegation that toured the Chinese city at the invitation of Acting Mayor of Wuxi, …