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  Sydney / AFP Australia’s richest woman and a Chinese property developer joined forces Sunday to bid for one of the world’s largest cattle estates, despite Canberra’s rejection of previous foreign offers. Australia’s biggest private landowner, cattle firm S. Kidman and Co, has attracted keen interest from Chinese firms wanting to secure the sprawling pastoral empire. But the government has ...

  Bloomberg Shanghai, China’s financial hub, is putting in place new measures to curb a surge in property prices as part of the country’s latest push to ensure stable and healthy real estate development. The new steps announced by the city’s housing commission include increasing land supply and forbidding price increases in new home pre-sales without approval. In addition, punishment ...

  ABU DHABI / Emirates Business The current low oil price environment has provided robust opportunities in the Middle Eastern project logistics and breakbulk sector — a critical part of the supply chain supporting the fast-growing regional infrastructure project sector, as discussed at the Breakbulk Middle East launch press conference on Sunday. At the press conference, Breakbulk officially announced that ...

  Dubai / Emirates Business Dulsco, a regional leader in human resource and waste management solutions stated that the focus by GCC Governments on infrastructure and other sustainability projects will drive the next phase of growth in its core business areas. As per reports published during the recently concluded Big 5 show, over AED 190 billion is being directed towards ...

  London / AFP The British government stepped back on Sunday from a plan to make employers list their foreign workers as it talks tough on immigration following the Brexit vote, after a backlash among business leaders. “We are not going to be asking companies to list or name or publish or identify their foreign workers,” Defence Secretary Michael Fallon ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched a global initiative to encourage tolerance, and to honour champions of tolerance throughout the world. The ‘Sheikh Mohammed bin Rashid Award for Tolerance’ will lay the foundation for developing young Arab leaders in the field of tolerance and ...

  Dubai / WAM The 18th Water, Energy, Technology and Environment Exhibition (WETEX) 2016 reflects the vision and wise leadership of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the UAE’s determination to become an inspiring model for other countries in the world in green innovation, the Dubai Electricity and Water ...

  Aleppo / AFP The Syrian regime pressed its assault on rebel-held areas of Aleppo on Saturday ahead of a showdown at the United Nations between Western governments and its ally Russia. German Foreign Minister Frank-Walter Steinmeier warned that the mounting tensions between Washington and Moscow over the conflict had created a situation “more dangerous” than the Cold War. US ...

  WASHINGTON / AFP President Barack Obama lifted US economic sanctions on the former pariah state of Myanmar, the culmination of years of rapprochement that Obama has worked to facilitate. The Southeast Asian nation, also known as Burma, has pursued political reforms over the last five years following decades of oppressive military rule. Obama had announced plans to lift the ...

Bloomberg China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could ...