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DUBAI / Emirates Business The higher end of Dubai’s real estate market is rather resilient. The luxury property sales market in Dubai has seen an uptick in the volume of transactions from January to June 2019, compared to the same period last year, according to Data Finder, a real estate insights and data platform under the Property Finder Group. Any ...

PUTRAJAYA / WAM Malaysian Prime Minister Dr Mahathir Mohamad on Tuesday received His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The visit which took place at the Prime Minister’s Office in Bangunan Perdana Putra, Putrajaya, was part of the His Highness’ itinerary during his one day ...

ABU DHABI / WAM The UAE has prioritised its efforts to combat human trafficking, which has surpassed basic legislative requirements, by caring for victims and countering the negative effects of the crime. The UAE’s message is in line with its ethical and humanitarian values, especially tolerance, equality and rule of law. The UAE has firmly countered attempts to undermine human ...

DUBAI / WAM Dubai Customs announced its achievements in Q2 of 2019 as a leading customs organisation that supports sustainable economic development in the UAE. “We go above and beyond fulfilling our vision of becoming the leading customs administration in the world, supporting legitimate trade and following the directives and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

DUBAI / WAM Dubai Economy saw a 19 percent increase in consumer complaints during the first six months of 2019, following improved awareness over consumer rights and the ease of access to consumer protection channels. The nationality-wise breakdown of complaints indicates that Emiratis (25 percent) were the top complainants, followed by Indians (16 percent), Egyptians (12 percent), Saudis (nine percent) ...

DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of- its-kind initiative in the UAE that allows customers to purchase Shari’ah-compliant investment products using credit cards. Starting 15 August 2019, the new scheme enables Noor Bank credit card ...

Bloomberg Tesla Inc agreed to pay China $323 million in tax every year as part of a deal with local authorities to build an electric-vehicle (EV) factory on the outskirts of Shanghai. Under the terms of the lease with the Shanghai government, Tesla must start generating the annual tax revenues at the end of 2023 — or hand the land ...

Bloomberg Huawei Technologies Co reported a 23 percent rise in revenue to 401.3 billion yuan ($58 billion) in the first half as the Chinese telecommunications giant withstood US efforts to curb its business. The profit margin for period was 8.7 percent in the six months ended in June, the Shenzhen-based company said in a statement. Smartphone shipments for the half ...

Bloomberg A consortium that includes US cable giant Comcast Corp, James Murdoch’s Lupa Systems and Blackstone Group Inc has made an offer for a stake in Zee Entertainment Enterprises Ltd, India’s largest private broadcaster, people familiar with the matter said. The group plans to snap up a 51 percent stake, which has a market value of about 190 billion rupees ...

Bloomberg BMW and Audi will skip this year’s Tokyo Motor Show, leaving Daimler’s Mercedes-Benz as the only major foreign luxury carmaker to showcase its models in Japan’s biggest auto industry event. Audi parent Volkswagen AG, Peugeot SA and Volvo Cars will also be absent this year, according to organiser Japan Automobile Manufacturers Association (JAMA). In the past, the companies were ...