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Emaar denies offering 10-year visa to investors

Bloomberg Dubai’s Emaar Properties PJSC denied reports that it’ll provide 10-year visas to investors in some of its projects. “The issuance of visas falls under the purview of the concerned authorities and Emaar does not have any role regarding the same,” the company said in a statement. Al Bayan newspaper reported on Tuesday that the developer will offer 10-year visas ...

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Trade war may cost China 700,000 jobs: JP Morgan

Bloomberg The tariff battle with the US will probably cost China 700,000 jobs, or more in the event of further escalation. The job losses would come if the US imposes 25 percent tariffs on $200 billion in Chinese exports and China retaliates by devaluing its currency by 5 percent and adding to levies on US goods, according to economists led ...

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Abu Dhabi exchange to launch futures trading

Bloomberg Abu Dhabi’s stock exchange is joining a race to introduce derivatives as Gulf bourses including Kuwait and Saudi Arabia put strategies in place to lure more investors. The Abu Dhabi Securities Exchange (ADX) plans to enable trading of futures contracts on single stocks in 2019, and they may eventually be available for the benchmark ADX General Index, Chief Executive ...

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