Abu Dhabi / WAM Abu Dhabi Transmission and Despatch Company (Transco), an ent- ity of the Department of Energy, Abu Dhabi, on Tuesday signed an agr-eement with the ISLE Group to be the first official member of the Technology Approval Group (TAG) in the UAE. TAG, launched in the UK 15 years ago, is a forum that brings together water …

DUBAI / Emirates Business Consumer confidence in the UAE rebounded in the fourth quarter of 2018, as residents absorbed the impact of VAT and high expenses incurred over the summer. That’s according to the consumer confidence tracker Q4 2018 from yallacompare, the Middle East’s leading comparison site for financial products. During the fourth quarter of 2018, the tracker polled more …

Bloomberg Oil rose amid estimates of another decline in US crude inventories and signs that China is stepping up efforts to combat an economic slowdown. Futures in New York climbed as much as 3 percent after sinking during the past two sessions. American stockpiles probably fell for the sixth time in seven weeks, according to a Bloomberg survey of analysts …

Dubai / WAM The Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) Mattar Al Tayer, met with India’s Consul-General in Dubai Vipul, and explored means of boosting cooperation and exchanging expertise between RTA and Indian entities operating in the field of railways, roads and transport. During the meeting, the two parties also …

Bloomberg Technology shares pushed major indexes higher after China ratcheted up stimulus measures to combat slowing growth. Treasuries and the dollar advanced. The S&P 500 rose for the first time in three sessions as senior Chinese officials vowed to cut taxes to boost the economy, lifting technology companies battered by concerns about the rising impact of the US-China trade war. …

Bloomberg China’s yuan is shrugging off poor economic data to head for its strongest level in six months, but the gains are coming so fast they’re casting uncertainty over the rally’s longevity. The currency rose as much as 0.42 percent to 6.7383 per dollar on Tuesday, in line for its highest close since July. It has rallied 1.8 percent this …

Bloomberg Indian stocks rose, joining peers across Asia, as inflation in December eased to an 18-month low, increasing the odds that the central bank may reduce rates helping revive demand and lower the cost of borrowing for companies. The S&P BSE Sensex advanced 1.3 percent to 36,318.33 at the close in Mumbai, snapping three sessions of decline and clocking its …

Bloomberg Talks on the latest Sears takeover bid from Chairman Eddie Lampert continued late into Monday evening as stakeholders tried to reach an agreement on whether Sears Holdings Corp should live on. Negotiators initially didn’t embrace Lampert’s revised rescue plan for the bankrupt retailer, but they were concentrating on his proposal rather than competing bids from liquidators, according to people …

Bloomberg Boohoo Group Plc lifted its full-year growth forecast after the online apparel seller’s Instagram-fuelled marketing strategy paid off over the holidays, offering a measure of relief to an embattled UK retail sector. The group lifted its growth forecast for the year to a range of 43 percent to 45 percent from a previous 38 percent to 43 percent after …

Bloomberg Some airport security lanes in Atlanta, Washington and Houston were closed as the Transportation Security Administration (TSA) continued to grapple with more absenteeism during the partial government shutdown. The TSA will begin relocating airport screening officers “on a national basis to meet staffing shortages that cannot be addressed locally,” the federal agency said in a tweet. The TSA will …