News

  Dubai / Emirates Business Dubai Land Department (DLD) announced in its latest report that the total value of real estate brokers’ commissions for 2016 totaled over AED 1.5 billion from 32,932 transactions, while Dubai’s real estate market also attracted 5,933 active brokers and 2,285 registered brokerage offices. The AED 1.5 billion figure describes the amount of commission earned by ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) conducted a survey to measure the happiness index of the community for 2016, in cooperation with a leading expert in the field. DEWA recorded a happiness index of 89.01 percent, compared to the 87.12 percent recorded in 2015. These results reflect DEWA’s commitment towards achieving the happiness of the community, and ...

  Bloomberg President Donald Trump’s pledge to ease environmental regulations hands automakers a second chance to amend the US vehicle efficiency standards that the Obama administration sought to finalize in its final days. In a White House meeting, with the chief executives of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles NV, Trump called environmental regulations “out of ...

  Bloomberg Unilever shares fell after saying it will get off to a slow start in 2017, casting gloom over the European consumer-staples industry as the sector’s earnings season kicks off. Fourth-quarter underlying sales rose 2.2 percent, the maker of Dove soap said in a statement, the worst result in two years and below the 2.6 percent gain seen by ...

  Bloomberg Spanish unemployment fell to a seven-year low in the fourth quarter in a boost for Prime Minister Mariano Rajoy, who has made job creation the centerpiece of his administration. The jobless rate dropped to 18.6 percent in the three months through December, the National Statistics Office said in Madrid on Thursday. That’s down from 18.9 percent in the ...

  Bloomberg The UK economy is maintaining its stellar performance since the Brexit vote, but the reasons may be cause for concern. Growth beat expectations again in the fourth quarter, coming in at 0.6 percent, but the make-up of the performance hints at ongoing weak links. The expansion is still being almost entirely driven by services and consumer spending, continuing ...

  Bloomberg Johnson & Johnson agreed to buy Actelion Ltd. for $30 billion and spin off the Swiss drugmaker’s research and development operations, clinching its largest deal ever to become a leader in medicines for a rare type of high blood pressure. J&J, already the world’s biggest maker of health-care products, is fulfilling its goal of gaining a new drug ...

  Bloomberg To convince investors to finance a pan-European war against Uber Technologies Inc., a French ride-hailing app 50 times smaller has a one-word pitch: profit. Chauffeur-Prive is near closing a 50-million-euro ($53 million) fundraising round to expand out of Paris into the rest of Europe, with the promise it can extend a five-year streak of growth while turning a ...

  Bloomberg Fiat Chrysler Automobiles NV expects debt to fall by at least 45 percent this year as the Italian-American carmaker enters the final stretch of a plan to turn liabilities into cash by selling more expensive autos. The stock jumped. Net industrial debt will narrow to less than 2.5 billion euros ($2.7 billion) this year from 4.6 billion euros ...

  Bloomberg Apple Inc. results next week will likely show iPhone sales growing again, bucking a year of declines. That’s the good news. The bad news: The average selling price of the handsets in the key holiday quarter ending in late December may show customers settling for older iPhone 6S models, rather than the iPhone 7, introduced in September, according ...