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HONG KONG / Bloomberg Hong Kong residential home sales plunged 70 percent in February from a year earlier to a 25-year low, as falling prices and economic uncertainty deterred buyers. Last month, 1,807 homes were sold in Hong Kong, compared with 6,027 a year earlier, according to government statistics. Home sales fell from 2,045 in January, the data show. “The ...

ABU DHABI / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, on Sunday opened the second edition of the Unmanned Systems Exhibition and Conference, UMEX 2016, and the first edition of the Simulation Conference and Exhibition, as part of Abu Dhabi Aviation and Aerospace Week. The event is held under the patronage ...

Sharjah / WAM H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Sunday opened Al Hefaiyah Mountain Conservation Centre in Kalba City, one of the emirate’s leading projects spearheaded by the Environment and Protected Areas Authority (EPAA) that aims to protect endangered animals found in the UAE’s diverse mountain environment as well as ...

Bloomberg Prime Minister David Cameron endured a two-pronged attack on the European Union from senior Conservatives favouring a British exit, threatening further scars to the government before the June 23 referendum. London Mayor Boris Johnson said on the BBC’s “Andrew Marr Show” that staying in the bloc is “the risky option,” and lamented the suspension of the chief of a ...

Athens / AFP Greek Prime Minister Alexis Tsipras on Sunday said the IMF was employing “stalling tactics” and “arbitrary” estimates to hold up a reforms review crucial to the country’s economic recovery. The leftist PM said the Washington-based global lender was bent on counter-productive cuts that failed to take into account the improved performance of Greece’s economy. “The review will ...

Washington / AfP As Apple’s legal battle with the FBI over encryption heads toward a showdown, there appears little hope for a compromise that would placate both sides and avert a divisive court decision. The FBI is pressing Apple to develop a system that would allow the law enforcement agency to break into a locked iPhone used by one of ...

Washington / AFP Senators Ted Cruz and Bernie Sanders scored key victories in their White House quests, but it was Donald Trump and Hillary Clinton who outperformed their rivals to remain the race’s undisputed frontrunners. Republican Trump and Democrat Clinton did what they needed to do—dominating in the delegate-rich state of Louisiana in performance that keep them on top at ...

CAIRO / EMIRATES BUSINESS Egypt’s Sixth of October Development and Investment Company (Sodic) and Heliopolis Development Housing (Heliopolis Housing) have signed a co-development contract for a major mixed-use scheme in Cairo. Sodic will develop 70 per cent and 69.8 per cent of the residential and commercial units respectively, while Heliopolis House will develop the rest, according to a company statement. ...

Brussels / AFP European leaders will push Turkey at a summit on Monday to agree to “large-scale” deportations of economic migrants from Greece, as EU chief Donald Tusk says he sees the first hints of a resolution to the migrant crisis. With a fresh surge expected in the warmer spring weather, the European Union’s 28 leaders are pinning much of ...

Dubai / WAM In the presence of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Mohammed Al Mannaei, Director – Mina Rashid DP World, has announced a plan to build a marina for luxury yachts at Port Rashid. The new ‘Port Rashid Marina’ project was announced during the visit of Sheikh ...