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Asia-Pacific leaders vow to defend free trade

  Bloomberg Asia-Pacific leaders are expected to send a strong message in defense of free trade on Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump’s protectionism. The broad consensus at the Asia-Pacific Economic Cooperation (APEC) summit, which features some of the world’s most powerful leaders on both sides of the Pacific, is ...

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Aussie mortgage bonds missing in action as cheaper funds beckon

  Bloomberg Home-loan providers in Australia are selling mortgage bonds at the slowest pace in four years, flocking instead to cheaper debt that doesn’t require collateral. Just A$14.8 billion ($11 billion) of new residential mortgage-backed securities have been issued so far in 2016 by banks and other housing lenders, 36 percent less than at this stage last year, data compiled ...

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S Africa proposes 3,500 rand monthly wage

  Bloomberg The country’s proposed national minimum wage amounts to 20 rand per hour and brings South Africa a step closer to tackling poverty, inequality and unemployment, South African Deputy President Cyril Ramaphosa said to reporters in Johannesburg on Sunday. “It is by no means the final figure of what the national minimum wage is going to be,” Ramaphosa said. ...

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Dubai SME to promote women empowerment, entrepreneurship

  Abu Dhabi / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, will extend its support to the 3rd edition of the Arab Women in Leadership and Business Summit, which will be held in Dubai from November 21-22, as official partners of the ...

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Emirati women play key role in nuclear industry, says Sheikha Fatima

  ABU DHABI / WAM Emirati women are playing an increasingly important role in the UAE’s nuclear industry holding critical positions at different levels, said HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation, and President of the Supreme Council for Motherhood and Childhood, in a statement ahead of the 24th Women ...

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MECTW excellence award winners to visit Germany

  Dubai / Emirates Business Four winners of the Middle East Cleaning Technology (MECTW) ‘Excellence Awards’ for housekeeping category will be taking a trip to Karcher’s manufacturing factory in Germany. This was announced on the sidelines of Excellence Awards ceremony that identified the ‘achievers’ in the housekeeping, facility management and laundry sector. This year’s awards witnessed an overwhelming participation with ...

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DED, MCI Middle East to strengthen biz community engagement

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai signed a Memorandum of Understanding with MCI Middle East, a global consulting company, to work together on developing strategies for more dynamic relations with the private sector and supporting the Business Community Engagement initiative, launched by DED earlier this year. The agreement is part of the efforts ...

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Expanded Jumeirah Golf Estates Clubhouse officially opens

  Dubai/ Emirates Business The new phase of the award-winning Jumeirah Golf Estates Clubhouse is now open for business, marking the introduction of a brand new F&B concept and 300-capacity events space to Dubai. Located at the heart of Jumeirah Golf Estates, the 12,150m2 Clubhouse has been expanded to include its fourth F&B outlet and first-of-its-kind banquet space in the ...

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Dubai residential market poised to recover in 2017

  Dubai / Emirates Business dubizzle, the UAE’s leading property platform, released its first property report in collaboration with JLL, the world’s leading real estate investment and advisory firm. The report, launched at the second edition of The Exclusive Agency Club (TEAC) event, provides insights and trends in the Dubai residential market, predicting a gradual upturn in residential properties in ...

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Tenants drive value as rents fall across Dubai

  Dubai / Emirates Business The latest Dubai Property Review Q3 2016 report by leading real estate consultancy Asteco has revealed increasing pressure is being placed on landlords as budget conscious tenants continue to place emphasis on downgrading to smaller units or relocating to cheaper communities to get better value for money. Apartments in Jumeirah Village Circle and Dubai Sports ...

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