Bloomberg Chinese central bank Deputy Governor Fan Yifei talked up the importance of asset-management firms created to clean up bad loans at a briefing on Sunday, saying that they played a key role in reducing corporate leverage. Speaking in Beijing at the launch of a restructured China Orient Asset Management, a bad-loan manager backed by the Finance Ministry and …

  QUITO / WAM The 193 countries of the United Nations, represented by over 30,000 delegates, on Monday night adopted a milestone new approach to sustainable urban development, with prominent assistance from the United Arab Emirates. Cities now represent around 80% of global GDP, and by 2050 are expected to grow in population from 3.9 billion in 2014 to 6.3 billion …

  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the launch of the national campaign ‘Let’s Preserve the Legacy’ and extended an open invitation to the community to contribute historical items to the Etihad Museum, which will be officially inaugurated during the UAE National Day …