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Dubai / Emirates Business Dubai Land Department (DLD) and Property Finder launched Mo’asher, Dubai’s official Sales Price Index, to the market. The Index will provide consumers with updated property sales price insights in Dubai. DLD will provide data for Mo’asher on a monthly basis, which will then be coupled with data on property asking prices from Data Finder, the real ...

DUBAI / WAM Strengthening Dubai’s position as the leading “cruise hub of the region”, the emirate welcomed six international cruise liners through the Mina Rashid cruise terminal. The terminal dealt with over 60,000 cruise passengers, as they handled all the processes for the smooth arrival of TUI Cruises’ Mein Schiff 5, Pullmantur Cruises’ Horizon, MSC Cruises’ MSC Lirica, Jalesh Cruises’ ...

Bloomberg Hong Kong began 2020 with a familiar sight: Tear gas, fires, vandalism and roadblocks in busy downtown areas as protesters vowed to maintain their fight for more democracy and less Chinese control. Running battles between riot police and demonstrators continued into the night after tens of thousands of mostly peaceful protesters flooded streets from Causeway Bay to Central. Tensions ...

Bloomberg India outlined the contours of a $1.5 trillion plan to build infrastructure over the next five years to shore up economic growth. The programme will include existing projects in the energy, road and railway sectors in the pipeline, Finance Minister Nirmala Sitharaman told reporters. Private companies will account for 22%-25% of the investments, with the federal government and states ...

Bloomberg China’s manufacturing sector continued to expand output in December, adding to evidence that the world’s second-largest economy is stabilising as the signing of a phase one trade deal with the US nears. The manufacturing purchasing managers’ index remained at 50.2, according to data released by the National Bureau of Statistics. The outlook for export-oriented firms brightened, with a sub-index ...

Bloomberg European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis. The two former Soviet allies signed all agreements needed for flows to Gazprom PJSC’s main markets in the west to continue for the next five years. Steady shipments from Europe’s dominant supplier, coupled with record ...

Bloomberg US President Donald Trump said he will sign the first phase of a trade deal with China on January 15. “The ceremony will take place at the White House,” he said on his Twitter account, adding he will be going to Beijing where he said talks will begin on the second phase of the deal. I will be signing ...

Bloomberg French President Emmanuel Macron doubled down on his contested plan to transform the country’s pension system, saying in his New Year’s address that it’s a project for “justice and social progress.” The French leader’s intransigence clashes with defiant labour unions that staged a 27th straight day of strikes to protests his plans, despite calls for a truce at Christmas ...

Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of Nama Women Advancement Establishment (Nama), and wife of the Ruler of Sharjah, has taken forward the global call to action for gender equity and women’s economic empowerment with the launch of ‘Elevate’, a pioneering platform to support women in low and medium-income nations in Asia, Africa, South America, ...

Dubai / Emirates Business Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations. Leveraging advanced Finacle technology, the third phase of the project sees the rollout of ...