AFP Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as the economy bumps along amid speculation the European Central Bank will have to adopt more stimulus measures. The official EU statistics agency Eurostat said eurozone consumer prices rose 0.2 percent in August, the same rate as in July. Eurozone unemployment meanwhile was unchanged at 10.1 ...
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Dubai top performer in office rental growth
Dubai / Emirates Business Rents on prime office assets across the MENA region continued to increase at around the same pace recording an average growth of 11.3% per annum in the year to Q2 2016 compared to 11.9% per annum in the year to Q1.This confirms the ‘2 tiered’ nature of the market across the region with demand for ...
Read More »Img Worlds Of Adventure opens doors
Dubai / Emirates Business IMG Worlds of Adventure, the world’s largest indoor theme park, opened its doors on Wednesdayfor the very first time. Wholly owned by the Ilyas and Mustafa Galadari Group and managed by IMG Worlds, IMG Worlds of Adventure is the first international mega-themed park to open in Dubai and will redefine the modern theme park experience ...
Read More »India unveils $1.5mn investor visa plan to spur expansion
Bloomberg India is aspiring to compete with the likes of Singapore and Hong Kong for foreign entrepreneurs by offering residence in return for investment. Foreigners investing 100 million rupees ($1.5 million) over 18 months, or 250 million rupees over three years, would be eligible to live in India for 10 years, the government said in a statement in New ...
Read More »Foreign investors turn sellers in Vietnam after 10-year spree
Bloomberg Foreign investors’ infatuation with Vietnam is waning. After pumping in $3.4 billion since 2006, overseas traders are set to be net sellers of assets traded on Ho Chi Minh City Stock Exchange this year for the first time in a decade, according to data compiled by Bloomberg. While the benchmark VN Index is near an eight-year high, MSCI ...
Read More »DeG to rope in 30 govt entities to discuss GITEX preparations
Sharjah / Emirates Business Sharjah’s Department of eGovernment (DeG) has announced that it is hosting a workshop to bring together 30 of the emirate’s departments as part of the forthcoming GITEX Technology Week 2016 (GITEX). Taking place on September 1, the activity being held under the umbrella of the Government of Sharjah is being organised to review its preparations ...
Read More »Sharjah to host second ‘Investing in the Future’ meet
Sharjah / WAM Sharjah will host the second edition of ‘Investing in the Future’ (IFFMENA), a conference that aims to overturn negative cultural stereotypes that hinder women’s progress in the region. Taking place on October 19-20, under the theme ‘Building the Resilience of Women and Girls in the Arab Region,’ the event focusses on advocacy for Arab women and the ...
Read More »â€˜UAE needs fresh thinking to meet future challenges’
Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Tuesday that the UAE needs fresh thinking and new blood for realising the ambitions and meeting the challenges of the next phase of the country’s development. Addressing a brainstorming session chaired by him, and attended ...
Read More »France rules out EU-US trade deal, wants talks halted
AFP France said on Tuesday it wanted to halt thorny EU-US trade talks as President Francois Hollande said there would be no deal at least until after President Barack Obama leaves office in January. Junior trade minister Matthias Fekl said there was “no more political support in France” for the talks because US negotiators were offering “nothing or just ...
Read More »UK mortgage approvals slumps to 18-month low
Bloomberg UK mortgage approvals slumped to an 18-month low in July and consumer borrowing slowed following the decision to leave the European Union. Banks and mutually owned lenders signed off on 60,912 home loans, the fewest since January 2015, the Bank of England said on Tuesday. Unsecured lending rose by 1.2 billion pounds ($1.6 billion), the least in almost ...
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