DUBAI / Emirates Business UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has revealed plans for its first mixed-use development in Jumeirah Lakes Towers (JLT), in Dubai, with the launch of SE7EN CITY JLT. The project, valued at AED1.3 billion ($350 million), consisting of 2,635 units, is already 15% complete and due for completion within 36 months. The …

Bloomberg Total SA said it will not risk investing in Iran following the return of US sanctions, unless it can secure a waiver. Continuing to do business in Iran would be too great a risk as the company has large operations in the US and depends on the country’s banks for financing its operations, Total said in a statement. So …

Bloomberg Germany brushed aside US concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. German Economy Minister Peter Altmaier defended the planned Nord Stream 2 pipeline as Chancellor Angela Merkel meets President Vladimir Putin in Russia. The US warned it may impose sanctions …