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Cairo / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Tuesday released its 2015 annual review of the Cairo Real Estate Market, assessing the latest trends in the office, residential, retail and hotel sectors. The report notes that Cairo real estate market has witnessed mixed performance across various segments in 2015 which was impacted by ...

Vienna / Bloomberg Vienna’s Hotel Imperial, used by stars including Madonna and Mick Jagger as well as politicians and diplomats, was bought by Dubai’s Al Habtoor Group LLC for US$78.8 million. Starwood Hotels & Resorts Worldwide Inc. sold the 138-room property, which will continue to operate under its Luxury Collection brand, the Stamford, Connecticut-based company said in a statement on ...

Bloomberg What do Israeli investors know about retirement homes in Indiana? Enough to lend them 265 millionshekels. Strawberry Fields, a real estate investment trust whose facilities cater to Alzheimer’s sufferers in the Midwest, is the latest of at least 14 U.S. property companies that have borrowed a combined 8.1 billion shekels ($2.07 billion) in the Israeli market since 2008, securing ...

Tokyo / Bloomberg Mitsubishi Aircraft Corp., the maker of Japan’s first passenger jet, and propeller-plane maker ATR announced orders from lessors at the Singapore Airshow amid concern that a two-year, multi-billion-dollar order spree could soon start losing steam. Mitsubishi Aircraft signed a letter of intent with US lessor Aerolease Aviation LLC for 10 planes on a firm basis, with an ...

Paris / AFP Airbus Group SE said it’s raising its tally for last year, taking its total backlog of aircraft orders to $1 trillion Airbus revised upwards its 2015 net aircraft order book on Tuesday after it received orders very late in December. Including the 44 last-minute orders, Airbus’s book for 2015 now stands at 1,080 aircraft orders, worth $141.6 ...

Doha / Bloomberg Qatar Airways Ltd., the second-biggest Gulf carrier, will seek compensation for delays in delivery of its Airbus Group SE A320neo aircraft, Chief Executive Officer Akbar Al Baker said. Pratt & Whitney’s geared turbofan-powered engines have a “long way to go,” and Qatar Airways expects a “very huge” delay before receiving the A320neo, Al Baker told Bloomberg Television ...

Kuala Lumpur / Bloomberg Singapore Airlines Ltd. picked Thales SA to provide in-flight entertainment systems and Internet connections for passengers on its newest widebody long-range plane, the Airbus Group SE A350. The deal is an important milestone in Thales’ push to become number one in in-flight entertainment systems, Chairman Patrice Caine said Tuesday at the Singapore Airshow, adding that he ...

SINGAPORE / AFP Bombardier Inc. expects to get certification from US and European authorities for its new C Series jet in the first half of this year, and will deliver initial models to launch customer Swiss International Air Lines AG on time, one of the Canadian planemaker’s top executives said. The Montreal-based maker of aerospace and rail equipment is “absolutely ...

Beijing / Bloomberg Honeywell International is working with China’s state-owned aircraft maker Comac to certify its planes, including the country’s first homegrown single-aisle jet that aims to challenge Boeing Co. and Airbus Group SE’s control of the market. “It will be just as efficient and just as safe as predicted and as we’re saying, especially certified to Western — whether ...

Abu Dhabi / WAM Blue Bolt Limited, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) has acquired a 36% stake in Fenix Power Peru, a thermoelectric power generation company in Lima, as part of a consortium transaction valued at US$786 million. The Peruvian investment fund SIGMA holds 13% of Fenix. Fenix Power is a power generation company which ...