Bloomberg New Zealand’s central bank is moving to quell the country’s housing boom by restricting the amount of money property investors can borrow, paving the way for another cut in interest rates. The Reserve Bank will require investors across New Zealand to have a deposit of at least 40 percent, it said in a statement in Wellington. The new ...

  ABU DHABI / WAM Aldar Properties PJSC (Aldar)on Wednesday awarded contracts of AED 440 million to National Projects and Construction LLC (NPC) for Nareel Island, its master planned island community, and for Al Merief, the distinctive community in Khalifa City. Set to be carried out over a 16-month period, the work on both developments has commenced and covers infrastructure, utilities ...

  ABU DHABI / WAM Companies registered with Tas’heel’s online services and which employ over 1,000 workers, will be required to hire Emirati citizens for data entry positions starting in 2017, the Ministry of Human Resources and Emiratisation announced on Wednesday. Saqr Ghobash, Minister of Human Resources and Emiratisation, said that any violations will cost the company additional work permits. ...