Beirut / EMIRATES BUSINESS Real estate developers in Lebanon are making a high return on their investments, dismissing the need to reduce prices, said an industry expert. “Developers are making around 10 percent to 15 percent yearly profits on their projects which is higher than the interest rate offered by banks on deposits in Lebanese pounds,” Raja Makarem, founding and ...

Bloomberg Jonathan Baker is the first to admit he shouldn’t be complaining about foreign investors driving up prices in Vancouver’s red-hot housing market. They helped the retired lawyer pocket millions. Baker and his wife sold their five-bedroom home for C$3 million ($2.2 million) in December, a 100-fold gain from their purchase price in 1970. The house went for C$300,000 over ...

RITIKA SHARMA / EMIRATES BUSINESS The two-day Global Aerospace Summit in Abu Dhabi brought together experts from the aviation field on a common platform, which hosted discussions on the future of the industry. During the event — held as part of Abu Dhabi Aviation Week 2016 — panel discussions and strategy sessions were organsied in line with the theme of ...