Abu Dhabi / WAM The UAE International Investors Council (UAECII) has made a range of strategic decisions to support the development of its working procedures, to serve its goals of promoting coordination and supporting Emirati companies that invest abroad. The Council made its decisions during its 14th meeting, which was chaired by Sultan bin Saeed Al Mansouri, Minister of Economy ...
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Cityscape Global registers 25% growth in visitors
Dubai / Emirates Business Boosted by a year on year increase of 25% for visitors during its first two days, Cityscape Global has been the catalyst for a 186% increase in registered Dubai Land Department transactions of off-plan units, while big name developers have recorded overwhelmingly positive sentiment from investors driven by onsite sales. The region’s largest real estate and ...
Read More »DLD plans to promote Dubai realty market internationally
Dubai / Emirates Business Following successful exhibitions in Hong Kong, London, Mumbai, and Shanghai, the last two of which generated AED 1.2 billion and AED 800 million of investments respectively, Dubai Land Department (DLD) now plans to explore new destinations for promoting the Emirate’s attractive real estate market through its flagship event, the Dubai Property Show. At a ceremony hosted ...
Read More »Apple’s Asian suppliers sink as pricey new iPhone launched
Bloomberg Shares of Apple Inc.’s suppliers across Greater China greeted the company’s latest product line-up, including its most-expensive ever iPhone, with losses. While there were a few exceptions, the lack of any major surprises in Tim Cook’s much-anticipated unveiling weighed on stocks from Taiwan’s Pegatron Corp., an iPhone assembler, to South Korean screen-maker LG Display Co. Hong Kong-listed Cowell e ...
Read More »They kill for a piece of Pakistan property pie
Bloomberg Perween Rahman was returning home one evening in March 2013 from her job as head of the Orangi Pilot Project, which for years has pushed land title claims for Karachi’s poor, when she was shot three times by a gunman. Rahman died as she was rushed to hospital by her friend and colleague Anwar Rashid. “He was a sharp ...
Read More »Europe gets back in fight mode with trade, investment push
Bloomberg European Commission President Jean-Claude Juncker pushed to expand Europe’s global economic footprint in a sign of growing confidence that the political threats posed by Brexit and populism can be curtailed. Juncker, who leads the European Union’s executive arm, proposed to start EU free-trade talks with Australia and New Zealand, give the bloc a role in screening foreign investments and ...
Read More »Uber’s legal chief to depart as CEO sets new course
Bloomberg Dara Khosrowshahi, the new chief executive officer at Uber Technologies Inc., laid out an initial set of plans during a staff meeting to get the troubled ride-hailing company back on course. He said his top priority was hiring a chief financial officer who can help the company balance its need to control spending with continued growth, said two people ...
Read More »As Irma fades, swirling Jose eyes $19trn in property
Bloomberg Don’t underestimate Jose. The meteorological gods seem to be working against the hurricane as Irma’s successor lumbers over the Atlantic Ocean. But it’s so far out — more than 950 miles from New York — that it’s too soon to call the all clear. “If it is going to be a threat, it is probably a threat next week,†...
Read More »Norea Korea slams curbs, vows faster N-push
Bloomberg  North Korea rejected the latest round of United Nations sanctions on the isolated state, and vowed to accelerate its plans to acquire a nuclear weapon that can strike the US homeland. In its first official response to the new resolution, North Korea’s foreign ministry released a statement on state-run media saying the sanctions justified its nuclear push and ...
Read More »VP lauds lifting of restrictions on direct sales of properties
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured Cityscape Global 2017 in Dubai World Trade Centre where he was shown around the pavilions of the universal event in its 16th edition which woos impressive presence from 16 Arab and foreign countries and in ...
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