News

Bloomberg In an American election season that’s turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Deficits are dangerous. A school of dissident economists wants to toss that one onto the flames, too. It’s a propitious time to make the case, and not just in the U.S. Whether it’s negative interest rates, or helicopter money that ...

Bloomberg China Overseas Land & Investment Ltd. said it will buy the Chinese residential property assets held by Citic Ltd. for about 31 billion yuan ($4.8 billion), as it expands its presence across the nation’s cities amid surging land prices. China Overseas will sell 1.1 billion shares at HK$27.13 each to the Citic companies as part of the transaction, it ...

Bloomberg Anbang Insurance Group Co.’s $6.5 billion agreement to buy 16 U.S. luxury resorts and hotels from Blackstone Group LP marks a record transaction for Chinese buyers of American real estate, showing the strong appetite for high-profile properties viewed as stable investments. The pending acquisition of Strategic Hotels & Resorts Inc. will give Anbang ownership of trophy properties across the ...

Emirates Business High rents, extortionate school fees and increasing levels of consumer debt, are prompting a growing number of the UAE’s expat community to re-think their spending patterns. One of the ways they adopt to rein in their financials is to buy second-hand goods. Many of them earn a few bucks by selling some of their own unwanted items too, ...

Dubai / Emirates Business As a leading financial institution, Mashreq continues to be recognized in the global banking space, winning three of the foremost industry awards in 2016 — Best Retail Bank UAE, Best Digital Bank UAE and Best Customer Experience UAE. These were all conferred from The Global Banking and Finance Review which recognizes the financial institutions around the ...

Emirates Business Health, teamwork, persistence and overcoming hurdles encompass the enthralling and exhilarating tenets of the Active Zone in the upcoming Mother of the Nation festival, which marks reverence to all mothers and their focus on developing healthy families and encouraging teamwork. Organised by Abu Dhabi Tourism & Culture Authority and being held along the Abu Dhabi Corniche Beach from ...

Emirates Business Marka PJSC, the first public joint stock retail operator in the UAE, announces a strategic partnership with Shiseido, the leading Japanese Beauty brand, marking the launch of the region’s first Shiseido Beauty Boutique, located at Dubai’s premier outdoor retail space, City Walk Phase II due to open in Q2 of 2016. Nick Peel, Marka’s CEO, commented, “It’s an ...

Emirates Business Majority of respondents in Qatar (nearly 60 percent) expect business conditions to improve in the next year, while 43 percent expect the country’s overall economy to improve in the near future, according to a latest survey. When it comes to the cost of living in the next six months, 71 percent of respondents expect it to increase, while ...

VIENNA / Bloomberg IFM Global Infrastructure Fund offered to pay a 21 percent premium to increase its stake in Vienna International Airport as the Australian private-equity investment company seeks stable income from infrastructure operators amid a drop in interest rates. IFM plans to pay 100 euros a share to lift its holding in Flughafen Wien AG (Vienna International Airport) to ...

BEIJING / AFP Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013. Zhejiang Cainiao Supply Chain Management Co. also gained funding from GIC Pte. and Khazanah Nasional Bhd to bankroll its expansion, according to an e-mailed statement on Monday. The company ...