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Dubai Property Festival poised to stimulate emirate’s realty market

Dubai / WAM Dubai Land Department (DLD) has confirmed that the Dubai Property Festival (DPF), which will be held from April 9-11 at the Dubai World Trade Centre, will contribute to stimulating sales and purchases in the Emirate’s real estate market. DPF coincides with a series of other international events aimed at attracting investment in the UAE. The event is ...

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DXB Entertainments expects brighter 2018

DUBAI / Reuters DXB Entertainments is expecting an improved 2018 after reporting a 1.12 billion dirham ($305 million) loss for last year, the CEO of the Dubai-based theme park operator told Reuters on Monday. The company also announced it had reached a deal with banks to restructure 4.2 billion dirhams in debt and had received fresh funding from its majority ...

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China crude futures roar into action as global merchants dominate trade

BEIJING / Reuters China’s crude futures kicked off to a roaring start on Monday as western traders and Chinese majors eagerly traded the world’s newest financial oil instrument, which many expect to become a third global price benchmark alongside Brent and WTI crude. Global commodity trader and miner Glencore, and big merchants Trafigura, Freepoint Commodities and Mercuria were among the ...

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