News

  DUBAI / WAM Dubai Land Department (DLD) reported a successful participation at Dubai Property Show, which concluded in London on Sunday. Taking a major stand at the exhibition, which ran from May13-15 in Great Britain’s capital, DLD reported a large number of visitors and investors inquiring about the opportunities to invest in Dubai’s burgeoning real estate market. DLD’s participation ...

  Abu Dhabi / WAM The fourth session of Abu Dhabi-Japan Economic Council kicked off on Sunday under the co-chairmanship of Yosuke Takagi, the Japanese State Minister of Economy, Trade and Industry, and Ali Majid Al Mansouri, Chairman of the Department of Economic Development (ADDED). Al Mansouri added that Abu Dhabi enjoys now a fast growing economy where the actual GDP ...

  Alkesh Sharma / Emirates Business Tiny sensors keeping an incisive tab on your fitness regime, intelligent devices assisting visually impaired to navigate freely without any external support, high-tech models to crack future parking snags and wearable technologies finishing daily chores in a much cooler manner — ‘Innovation Exhibition 2016’ of Khalifa University, in Abu Dhabi, certainly paints a picture-perfect ...

  Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and Natixis, a leading financial institution headquartered in France, on Sunday announced the completion of a US$50 million Collateralised Murabaha deal on the Nasdaq Dubai Murabaha Platform. As the largest collateralised Murabaha transaction closed by Emirates Islamic this year, and the first of its kind ...

  LONDON / AP Ex-London Mayor Boris Johnson has compared the European Union’s aims to those of Adolf Hitler, arguing that the 28-nation bloc is creating a superstate that mirrors the attempt of the Nazi leader to dominate the European continent. Johnson, the most prominent political figure arguing that Britain should leave the EU, says the past 2,000 years of ...

  Rome / AFP Italy’s health minister is proposing doubling a ‘baby bonus’ incentive for couples to have more children to combat what she calls a catastrophic decline in the country’s birth rate. “If we carry on as we are and fail to reverse the trend, there will be fewer than 350,000 births a year in 10 years’ time, 40 ...

  Athens / AFP Prime Minister Alexis Tsipras said that Greece will return to the bond markets in 2017, seven years after losing access to the markets due to its debt crisis. “We will return to the markets in 2017,” Tsipras said in an interview with the Realnews weekly newspaper. While the eurozone country has continued to raise funds through short-term, ...

  Frankfurt / AFP The European Central Bank has become too powerful, but largely because politicians have foisted an increasingly political role onto it, one of the German government’s key economic advisors said in a newspaper interview on Sunday. “The ECB has gained enormous power, even though it is not answerable to any parliamentary control. I take a critical view ...

  Bloomberg Mark Carney defended the Bank of England against political critics furious at his warnings about the dangers posed by a European Union exit, and described the British economy as facing similar uncertainty to the early 1990s. “We’re taking a judgment as a committee, and we’re changing policy because of it, we’re putting out billions of pounds of liquidity ...

  Bloomberg A year of profit stagnation has left the S&P 500 Index’s price-earnings ratio flirting with some of its highest readings since the Internet bubble. Judged against bonds, though, stocks remain stubbornly cheap. Plotting the index’s per-share earnings against the yield on the 10-year Treasury note, a technique sometimes referred to as the Fed Model, shows the S&P 500 ...