Dubai / WAM ENBD Reit, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its net asset value (NAV) at December 31, 2022. ENBD Reit’s NAV amounted to $173 million ($0.69 per share), up from $168 million at December 31, 2021. This reflects the continued positive momentum in the Dubai real estate ...

Bloomberg Inflation on British groceries jumped to another record high in January with little sign of the price rises slowing on the consumers’ weekly shop. The rate hit 16.7% in the four weeks to Jan. 22, up from 14.4% in December, reaching the highest level since Kantar started tracking the data in 2008. The increase adds an extra £788 ($973) ...

  Bloomberg Samsung Electronics Co., the world’s biggest smartphone maker, expects the smartphone market to contract in 2023. The Suwon, South Korea-based Galaxy device maker said it sees demand for mobile devices shrinking in the current year, even after the economic challenges and disappointing sales of 2022. The company detailed its biggest profit drop in over a decade, saying “the ...