Abu Dhabi / WAM Four students from Khalifa University (KU) participated in the Sheikh Zayed Institute for Paediatric Surgical Innovation’s annual Student Innovators Programme (SIP), a summer programme taking place at the Children’s National Medical Center in Washington, DC. The students were selected alongside 20 others from universities around the world, and will have access to world-class paediatric healthcare facilities ...

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Wednesday has reported its financial results for the first half ending June 30, 2016. The bank has posted a net profit for the first of 2016 AED 1.1 billion, which stable compared to the normalized net profit of 1H 2015. Mashreq’s CEO, HE AbdulAziz ...

  AP Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West. The Commerce Department said that housing starts rose 4.8 percent to a seasonally adjusted annual rate of 1.19 million from a revised 1.14 million in May. The June reading was the highest level since February, but ...

  Bloomberg What’s the cost of having to raise money quickly by selling London real estate? Almost 15 percent based on the sale of two properties on Oxford Street, the UK’s busiest shopping thoroughfare, since Britain voted to leave the European Union. Aberdeen Asset Management Plc’s UK Property Fund accepted a 15 percent price cut to sell a building on ...

  Bloomberg Developers now are making sure they reach a higher level of sales before they begin construction on Toronto condominium projects, contrary to the housing bubble that unfolded in the city in the 1980s, Canada Mortgage & Housing Corp. (CMHC) said. Work began on 79 percent of condo buildings only after developers pre-sold at least 70 percent of the ...

  AP Laura Jordan came home from work one day to find herself locked out. She had missed two mortgage payments, and the company servicing her loan had changed the locks without warning. In a ruling this month, the Washington Supreme Court found that action illegal — a decision that clears the way for a federal class-action case that Jordan ...

  Bloomberg New Zealand’s central bank is moving to quell the country’s housing boom by restricting the amount of money property investors can borrow, paving the way for another cut in interest rates. The Reserve Bank will require investors across New Zealand to have a deposit of at least 40 percent, it said in a statement in Wellington. The new ...

  ABU DHABI / WAM Aldar Properties PJSC (Aldar)on Wednesday awarded contracts of AED 440 million to National Projects and Construction LLC (NPC) for Nareel Island, its master planned island community, and for Al Merief, the distinctive community in Khalifa City. Set to be carried out over a 16-month period, the work on both developments has commenced and covers infrastructure, utilities ...

  ABU DHABI / WAM Companies registered with Tas’heel’s online services and which employ over 1,000 workers, will be required to hire Emirati citizens for data entry positions starting in 2017, the Ministry of Human Resources and Emiratisation announced on Wednesday. Saqr Ghobash, Minister of Human Resources and Emiratisation, said that any violations will cost the company additional work permits. ...

  ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has announced the completion of yet another milestone in the development of the country’s first nuclear energy plant, with the successful installation of its Unit 3 Reactor Vessel (RV) at Barakah. The installation is a critical step in the continued progress and delivery of the country’s third nuclear energy unit ...