London / Bloomberg Wells Fargo & Co., the world’s largest bank by market value, is close to a deal to lease an office building being constructed near the Bank of England in the City of London financial district, a person with knowledge of the matter said, asking not to be identified because the talks are private. The 33 Central building …

RIYADH / Bloomberg JODC’s core business of developing projects close to Islam’s holiest site in Mecca, is no longer viable. Jabal Omar Development Company (JODC) is in financial trouble and that much is known from the company’s disclosures to the Saudi Stock Exchange earlier in 2016. It has swung to a loss and the company has been forced to negotiate …

Dubai / Emirates Business Emirates REIT delivered a strong financial and operating performance during 2015, consolidating its position as a leader in the UAE property asset management industry. By year end, the net asset value of the REIT stood at USD 469.6 million, an increase of 8.7% year-on-year. “We have continued to organically grow overall occupancy and leasing rates in …