BLOOMBERG NorthStar Realty Finance Corp., a U.S. mortgage real estate investment trust, hired a division of UBS Group AG to advise on a potential recombination with NorthStar Asset Management Group Inc., the company from which it was spun off in 2014. The REIT’s board formed a special committee that will be composed of independent directors who aren’t also on the ...

Doha / Emirates Business Tightening its grip on engineering consultancies, the government has cancelled the licences of at least nine errant firms and detected 87 violations this year. The punished firms include A grade consultancies. There are still some consultancies with engineers not registered with authorities. A committee at the Ministry of Municipality and Environment licenses engineers and engineering consultancies. ...

Dubai / Emirates Business HMG Properties Group, one of the fastest growing real estate companies in the GCC, has announced that it has carried out a massive restructuring of its leadership team, to better focus on its core activities and increase profitability for the company. HMG Properties, which develops and sells luxury residential and commercial properties across the GCC, Egypt, ...