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Dubai records AED285bn realty deals

DUBAI / Emirates Business The Dubai Land Department (DLD) revealed the annual results of the Dubai real estate market for 2017, with the total real estate transactions exceeding AED285 billion through 69,000 real estate transactions. Commenting on DLD’s Annual Transactions Report, which summarizes the market activity over the past year, Sultan Butti bin Mejren, Director General of DLD, said: “The ...

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Emirates, flydubai to launch more connections

DUBAI / Emirates Business Emirates and flydubai will offer travellers even more connectivity and flight options in 2018, with new codeshare flights planned to Krakow in Poland from April 8, and Catania in Italy from June 13. Both Dubai-based airlines currently offer customers a breadth of travel options across their complementary networks, with codeshares to 81 destinations and more to ...

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Jack Ma’s firm pauses fundraising as China curbs micro-loans

Bloomberg After selling billions of dollars of debt backed by consumer loans in 2017, Chinese billionaire Jack Ma’s Ant Financial is pausing such fundraising as the government steps up curbs on micro lending. The company hasn’t sold any asset-backed securities (ABS) since early December, according to data compiled by Bloomberg and China Securitization Analytics. That marks an abrupt shift after ...

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