Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Wednesday has reported its financial results for the first half ending June 30, 2016. The bank has posted a net profit for the first of 2016 AED 1.1 billion, which stable compared to the normalized net profit of 1H 2015. Mashreq’s CEO, HE AbdulAziz …

  AP Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West. The Commerce Department said that housing starts rose 4.8 percent to a seasonally adjusted annual rate of 1.19 million from a revised 1.14 million in May. The June reading was the highest level since February, but …

  Bloomberg What’s the cost of having to raise money quickly by selling London real estate? Almost 15 percent based on the sale of two properties on Oxford Street, the UK’s busiest shopping thoroughfare, since Britain voted to leave the European Union. Aberdeen Asset Management Plc’s UK Property Fund accepted a 15 percent price cut to sell a building on …