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Bloomberg Jonathan Baker is the first to admit he shouldn’t be complaining about foreign investors driving up prices in Vancouver’s red-hot housing market. They helped the retired lawyer pocket millions. Baker and his wife sold their five-bedroom home for C$3 million ($2.2 million) in December, a 100-fold gain from their purchase price in 1970. The house went for C$300,000 over ...

Abu Dhabi / WAM Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, has awarded an AED 318m contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company. This investment is the latest component of Aldar’s recently announced AED 3 billion investment strategy. Al Jimi Mall remains a key retail asset in ...

RITIKA SHARMA / EMIRATES BUSINESS Women are being encouraged by leaders in aero-space industry to look beyond conventional career choices like teaching and explore more hard-core fields like engineering, construction and technical sides of aviation. Sheikha Al Maskari, Chief Innovation Officer of UAE Space Agency told Emirates Business that there is a need of more female professionals in “tougher” fields ...

DUBAI / EMIRATES BUSINESS Working for an organisation that offers a work-life balance is a blessing but working for an organisation that rewards and helps improve skills of its team is a richer blessing. One such organisation that inspires and motivates its staff is UAE Exchange, the leading global remittances, foreign exchange and payment solutions brand. In a survey conducted ...

RITIKA SHARMA / EMIRATES BUSINESS Abu Dhabi Ports recently organised a ‘Strategy Workshop with Stakeholders’, in which the company shared its five-year strategy. Government stakeholders and key customers from 25 organisations participated in the event that aimed to provide their input and build on their capabilities for its effective imple- mentation. The strategy, reflecting the demands and expectations of Abu ...

Sunaina Rana Emirates Business The internationally prominent digital lifestyle innovations company, BenQ Middle East & Turkey has recently reported theur growth upto 4.8 percent during the last quarter of 2015 in the Middle East. However, the UAE tops the charts in the region, where market share increased from 2.06 percent in Q4, 2014 to 6.52 percent in Q4, 2015. Following ...

Abu Dhabi / Emirates Business Al Zorah, one of the UAE’s most innovative and eco-conscious mixed-use destinations, known for embodying the ethos of “natural living” pushed its environmental agenda, through the sponsorship of the 4th Ajman International Environment Conference, 2016. The symposium was held at the Sheikh Zayed Centre for Conferences and Exhibitions from March 2 -3. In its fourth ...

Hong Kong / AFP Hong Kong flag carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and boosted passenger numbers, although global demand dented the cargo unit. With fuel accounting for a huge chunk of most airlines’ outlay, the slump in crude since mid-2014 has provided a much-needed boost to their bottom ...

Philadelphia / Bloomberg Urban Outfitters Inc. shares rose the most in more than three years after fourth-quarter profit topped analysts’ estimates, helped by a shift toward higher-margin merchandise. Excluding some items, earnings were 61 cents a share, the Philadelphia-based retail chain said in a statement on Monday. Analysts had projected 56 cents on average, according to data compiled by Bloomberg. ...

Bloomberg Two United Airlines shareholders will nominate Gordon Bethune, renowned for resurrecting merger partner Continental, to head an insurgent director slate as the carrier’s top executive returns from a heart transplant. Hedge funds Altimeter Capital Management LP and PAR Capital Management Inc. are backing six new board members led by Bethune, the former chief executive officer of Continental Airlines, which ...