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Bloomberg Henderson Land Development Co. outbid eight other developers and will pay a record HK$23.3 billion ($3 billion) for the first commercial land to be sold by Hong Kong’s government in the Central district since 1996. The Hong Kong company’s shares fell the most in the Hang Seng Properties Index on Wednesday, sliding as much as 2.9 percent. Henderson Land ...

Bloomberg The UK must “radically” overhaul its approach to trade policy if it is to land post-Brexit deals with other countries, the Institute for Government said. After decades of access to the European Union’s single market, the UK is facing a renegotiation of its trading relationship with the bloc and the need to strike deals with the rest of the ...

Bloomberg Modern office buildings are all the rage in central London, with a swath of companies including UBS Group AG moving into new premises in the last 12 months. The problem for landlords is finding someone to replace them. A growing number of unoccupied older properties caused the overall office vacancy rate to climb to 5.8 percent at the end ...

DUBAI / WAM Dubai Financial Market (DFM) announced on Tuesday that its UAE listed companies have showed a 100 percent compliance to disclose their Q1- 2017 results within the deadline of 45 days from the end of the quarter. Forty-seven UAE public joint stock companies listed on DFM successfully disclosed their quarterly results, with the exception of Al Firdous as ...

Dubai / Emirates Business Dubai Data held a press conference on Tuesday to release findings from the ‘Dubai Data Economic Impact Report’, which the Dubai Smart Office had commissioned to international audit, tax, and advisory firm KPMG. The study provides the Dubai Government with insights into the potential economic impacts of opening and sharing data and includes a methodology for ...

ABU DHABI / Emirates Business Abu Dhabi Convention Bureau, a division of Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), is spearheading a delegation representing an array of new products to Germany to participate in IMEX Frankfurt 2017, the worldwide exhibition for incentive travel, meetings and events (MICE). The show, which runs from May 16-18, is regarded as Europe’s ...

DUBAI / Emirates Business Majority of companies in the UAE and the GCC are optimistic over the region’s future economic outlook and 31% cited an improvement in sales over the last six months, according to a survey by Coface, the worldwide leader in trade credit management solutions and risk information services. Most exporters share a cautiously positive outlook on future ...

Abu Dhabi / WAM Political science experts and analysts have described the close relations between the United Arab Emirates and the United States of America as strategic and dynamic. The UAE’s inspiring model in various developmental, economic and foreign policy fields, explains the United State’s interest in communicating directly with the UAE’s leadership. UAE-US relations, which began since the US ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), hosted, on Tuesday the latest in a series of Youth Circles with over 30 employees, to discuss how to excel and capitalise on opportunities created by a performance-driven culture, in the presence of Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group, ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), signed an agreement appointing Aldar Academies to operate and manage four ADNOC Schools in Abu Dhabi and across the Al Dhafra Region: Sas Al Nakhl Campus, Ruwais Campus, Madinat Zayed Campus, and Ghayathi Campus. The agreement, which reinforces ADNOC’s commitment to delivering the highest quality education across its ADNOC ...