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Dubai Culture announces new festival programme

Dubai / Emirates Business In the run up to the eleventh edition of the Dubai Festival for Youth Theatre, Dubai Culture & Arts Authority (Dubai Culture) – the Emirate’s dedicated entity for culture, arts and heritage – has announced the new festival programme for 2017 and 2018. This year, the programme will be launched afresh with a new series of ...

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UAE pavilion at Expo 2017 Astana inaugurated

Abu Dhabi / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Higher Committee of Expo 2020 Dubai, inaugurated the UAE pavilion at Expo 2017 Astana on Saturday. HH Sheikh Ahmed bin Saeed Al Maktoum was accompanied by H.E Dr Sultan Ahmad Al Jaber, Minister of State and Chairman of the National Media Council (NMC), the government ...

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wasl Topaz launched in Umm Hurair

Dubai / Emirates Business wasl properties, a subsidiary of wasl Asset Management Group, has announced the launch of wasl Topaz in Umm Hurair. The development will provide prospective tenants in this vital area of the city with 90 new residential units for leasing, ranging from one and two bedroom apartments to two and three bedroom apartments with dedicated maid’s rooms. ...

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Trump supports Saudi-led diplomatic isolation of Qatar

Bloomberg President Donald Trump said he backed a Saudi Arabia-led movement to isolate Qatar over its funding of extremist groups, once again sending conflicting signals about the US stance in a dispute between American allies in the Gulf region. Qatar has historically “been a funder of terrorism at a very high level” and that has to stop, Trump said at ...

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India’s top court delays Modi’s plan to link taxes, biometric ID

Bloomberg Indian citizens cannot be forced to enroll for a 12-digit unique identity number to be able file tax returns, the country’s top court said in a ruling that may be a hurdle for Prime Minister Narendra Modi’s plan to move transactions online. The Supreme Court partially stayed a law that made the Aadhaar card mandatory for filing returns or ...

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China’s factory inflation weakens again as commodity prices ease

Bloomberg China’s producer price gains moderated following further easing in commodity prices, signaling weaker overall inflation pressure in the pipeline. Producer price index rose 5.5 percent in May from a year earlier, compared with an estimated 5.6 percent in a Bloomberg survey and 6.4 percent increase in April. Consumer price index climbed 1.5 percent, versus a prior gain of 1.2 ...

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Blackstone’s ‘equity office era’ nears end

Bloomberg The largest real estate buyout of all time is set for its final chapter as Blackstone Group LP moves towards selling San Francisco’s landmark Ferry Building and two other properties. The waterfront icon, with its soaring clock tower modeled on the 12th-century Giralda bell tower in Seville, will go on the sales block in coming weeks, a decade after ...

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Britain’s fragile new coalition further muddies outlook for economy

Bloomberg Of all the things the UK economy needs, more uncertainty isn’t one of them. Prime Minister Theresa May’s loss of her majority in Parliament after an election gamble has muddied the outlook for oncoming Brexit negotiations and the economy. After a campaign largely devoid of economic arguments, the new government faces a slew of policy challenges and threats to ...

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Emaar plans to IPO 30% of realty development business

Dubai / WAM Emaar Properties PJSC, the global real estate company, announced plans to list its UAE Real Estate development business in order to create significant value for its shareholders. The IPO will be the largest since the Emaar Malls IPO in 2014. Subject to market conditions, Emaar will offer up to 30 per cent of Emaar’s UAE Real Estate ...

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ADFD initiative to boost partnership among public-private companies

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), in a bid to enhance civic responsibilities, and instil a spirit of social solidarity and volunteerism within the community, on Wednesday launched its ‘My Community’ programme, as part of the Fund’s corporate social responsibility (CSR) mandate. In addition to strengthening the principles and values of volunteerism across the Fund’s departments, ...

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