Abu Dhabi / Emirates Business Aldar Properties on Monday announced the launch of its newest AED2 billion development, Alreeman in Alshamkha. With investment zone status, and located in close proximity to the Abu Dhabi International Airport and key arterial highways, the mid-market, mixed-use development offers residential and commercial land plots available for purchase by all nationalities. Alreeman is spread over …

Bloomberg Oil headed for its longest stretch of daily gains in more than 17 months as the US Federal Reserve sought to ease investor concerns, China moved to sti-mulate its economy and Opec production cutbacks took effect. Futures in New York climbed as much as 3.2 percent after a fifth consecutive increase, when they settled at the highest closing level …

Bloomberg After four years of planning, Tesla Inc finally broke ground on its planned $5 billion factory in the world’s biggest auto market. But the timing couldn’t be more inauspicious. Chief Executive Officer Elon Musk and some Shanghai officials, including Mayor Ying Yong, on Monday attended a function at a site near the city kicking off construction of what would …