News

  Bloomberg UK house prices may only eke out a modest gain next year as economic growth weakens and a pickup in inflation squeezes consumers, according to Halifax. The mortgage lender sees housing demand easing in 2017, partly as tax changes and stricter underwriting standards restrict buy-to-let investment. It also highlighted the market in London, saying adverse affordability means the ...

  Bloomberg Supporters of Britain’s exit from the European Union wrote to business groups in the 27 other nations in the bloc urging them to push their governments for a “sensible agreement” for trade after Brexit to avoid disrupting trade. “Many EU member states export significant amounts of goods to the UK and the erection of barriers to this trade ...

  Bloomberg Home prices in 20 US cities maintained a steady pace of increases in October while a gauge of nationwide property values rose by the most since mid-2014, according to S&P CoreLogic Case-Shiller data released. 20-city property values index rose 5.1 percent from October 2015 (forecast was 5 percent) after a 5 percent gain in the year through September. ...

  DUBAI / WAM The UAE is an active key player in shaping the future through accelerators, innovation and adoption of scientific and modern technologies, said Saeed Mohammed Al Tayer, CEO and Managing Director of Dubai Electricity and Water Authority, DEWA. “The UAE’s leaders give high priority to efforts to anticipate and shape the future,” he said in his keynote ...

  DUBAI / WAM Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region. A new company will be created under a partnership agreement signed recently. It will be affiliated and owned by Gulf Navigation ...

  DUBAI / WAM The Ministry of Finance (MoF) organised third and final meeting of Government Financial Policy Coordination Council for 2016 on its premises in Dubai. Speaking on the occasion, Al Khoori said, “Since its establishment in 2008, the council achieved important accomplishments in the coordination of financial policy, identifying projects funding mechanisms and discussing sovereign credit ratings for ...

  SHARJAH / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) signed an MoU with the Directorate of Town Planning and Survey in Sharjah. The agreement was signed by Khalid Jasim Al Midfa, Chairman of SCTDA, and Salah bin Butti Al Muhairi, Head of the Directorate of Town Planning and Survey, in an effort to bolster cooperation between governmental, ...

  Dubai / WAM Ahmed Mahboob Musabih, Director of Dubai Customs, has launched new expansions at passenger Operations Department at Dubai International Airport – Terminal 2. They included development of the CCTV room and the Baggage Handling System (BHS) room, plus revamping the staff lounge. The new development included enhancements to the CCTV room which helps Dubai Customs’ officers analyse luggage ...

  Abu Dhabi / WAM A delegation from the Abu Dhabi Fund for Development (ADFD) a national organisation owned by the Abu Dhabi government, is studying and assessing new development projects proposed by the Moroccan government, the fund said on Tuesday. “The proposed initiatives of the Moroccan government will contribute to driving socio-economic growth across all key sectors and create new ...

  Abu Dhabi / WAM The Ministry of Climate Change and Environment (MOCCE) launched the ‘Beautiful in the Wild’ campaign for the third consecutive year in partnership with the United for Wildlife Organisation. The initiative aims to raise awareness among UAE visitors and residents about the significance of protection of endangered species to ensure biodiversity at local and international levels. Partners of ...