Bloomberg The record number of luxury homes planned in London, equivalent to more than double the size of the city’s Hyde Park, is raising the prospect that developers may be forced to turn some projects into offices as demand falls, according to consulting firm Arcadis NV. Plans are in the pipeline for 35,000 high-end properties worth almost £77 billion in ...

Bloomberg For Pirojsha Godrej, who leads India’s third-largest developer, the pain in the real estate market is spelling opportunities. The son of billionaire Adi Godrej and chief executive officer of Godrej Properties Ltd. expects the firm’s best year ever for new project acquisitions as sluggish sales and a newly passed regulatory bill forces smaller developers out of business. The real ...

Alkesh Sharma / EMIRATES BUSINESS Unaffected by the recurrent economy fluctuations, residential sales market remained largely muted during the first quarter of 2016 in Abu Dhabi. Realtors in the Emirates capital experienced weak appetite for property purchases that was in tandem with overall market sentiment in the region. These startling findings have been revealed by CBRC Group in its recent report ...

Dubai / Emirates Business The new Kia Sportage has been received recognition for being the most desirable ‘Best Small SUV of the Year’ at the prestigious 2016 Middle East Car of the Year Awards. The fourth-generation Kia Sportage features a bold new look, with the vehicle’s designers creating a sense of sporty and powerful energy from every angle. Soon-Nam Lee, ...

Dubai / Emirates Business With millions of subscribers, dozens of products and plans, and a significant growth in the number of apps and services, the Middle East’s telecom providers require more out of their customer experience management platforms than companies in most other sectors. The region is also witnessing an accelerated shift to smartphones – at 78 percent the UAE’s ...

Abu Dhabi / EMIRATES BUSINESS DarkMatter, an international cyber security firm headquartered in the UAE, has announced the appointment of seasoned technology executive, Rabih Dabboussi as its Senior Vice President of Sales, Marketing and Business Development. Rabih joins DarkMatter from Cisco UAE, where he was Managing Director. In his new position at DarkMatter, Rabih is responsible for the company’s overall business ...

RITIKA SHARMA / Emirates Business Humans have dreamt of spaceflight since antiquity. Nations across the world have contributed in the progress of the global space industry since we first started our voyage towards exploring the space. A pioneer in every sector, UAE has done its bit in this industry too. The Emirates is making substantial investments in the sector by ...

Marib / AFP A UN-brokered ceasefire was taking hold in Yemen on Monday, raising hopes that peace talks due next week may finally resolve the country’s devastating conflict. Forces loyal to President Abedrabbo Mansour Hadi, the Shiite Houthi rebels who drove his government out of the capital, and the Saudi-led coalition that intervened in Yemen last year all pledged to ...

Jerusalem / AFP An Israeli colonel has been cleared of any criminal charges after shooting dead a Palestinian teen who stoned his jeep in the West Bank last year, the military said on Monday. A rights group that distributed a video showing the shooting denounced the decision, which comes amid controversy over a separate killing of a Palestinian by an ...

Beirut / AFP Syria’s Al-Qaeda affiliate and allied rebels pushed offensives around northern, central and coastal Syria on Monday, triggering a spike in violence that could threaten a truce ahead of peace talks, a monitoring group said. The IS group also took back control of the town of Al-Rai near Turkey, which rival rebels had captured last week, the Syrian ...