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China’s cities to plan curbs to tame property boom

  Bloomberg China’s biggest cities aren’t done trying to tame their soaring property markets. Shanghai, where prices of new homes jumped 27 percent in July, is preparing to discuss a fresh round of curbs including potential restrictions on mortgages and loans to developers, according to people familiar with the matter. Beijing and Tianjin are also contemplating new measures to rein ...

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Blackstone to buy Alecta’s US properties for $1.8bn

  Bloomberg Blackstone Group LP is in a $1.8 billion deal to buy the US real estate assets of Alecta, the Swedish pension manager that is seeking to exit investments that don’t fit with its strategy, according to a person with knowledge of the transaction. The purchase mainly consists of retail and office properties, said the person, who asked not ...

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US$7.5mn Berkeley mansion hits the market again

  Bloomberg After sitting vacant for more than a decade, a 12,000-square-foot mansion on three acres in Berkeley, Calif., is again coming on the market. Asking price: $7.5 million. John Park, the founder of Fortiss, a company that runs casinos and card clubs, purchased the property in 2005 for what he says was about $6.3 million. He’d lived nearby, and ...

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MoF hosts ‘Woman and Innovation’ forum

  Abu Dhabi / WAM In line with national celebrations of Emirati Women’s Day, the Ministry of Finance (MoF) organised a forum titled “Woman and Innovation”, at its premises in Dubai. The forum aimed to highlight the country and the Ministry’s efforts to promote women’s empowerment across different fields. This commitment has led to the launch of a number of projects, ...

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UAE women proud of wise leadership, says Lubna Al Qasimi

  Abu Dhabi / WAM The UAE women are proud of , and grateful to the wise leadership of the UAE for the unlimited support that led to their advancement, Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance has said. In a statement to mark the Emirati Women’s Day, Sheikha Lubna paid tribute to President His Highness Sheikh ...

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‘Emirati women are in their prime’

  Sharjah / WAM Hana Saif Al Suwaidi, Chairperson of the Environment and Protected Areas Authority in Sharjah, said Emirati women are in their prime and are consistently empowered and encouraged to live their dreams by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Their Highnesses the Rulers of the UAE, and have been so since the days of ...

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UAE women play pivotal role in devp: Al Mazrouei

  Abu Dhabi / WAM Secretary General of the Abu Dhabi Executive Council Dr. Ahmed Mubarak Al Mazrouei has praised the achievements of Emirati women, saying they represent an exceptional role model in the region. In a statement he made on the occasion of the Emirati Women’s Day, Al Mazrouei said that the decision by H.H. Sheikha Fatima bint Mubarak, Chairwoman ...

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Abe pledges $30bn for Africa over next 3 years

  Bloomberg Japan will invest $30 billion to boost Africa’s economic growth and infrastructure over the next three years, Prime Minister Shinzo Abe said as he sought to win over national leaders already being wooed by China and the US. The Asian economy’s planned investment in the continent of 1.2 billion people shows it has “faith in Africa’s future,” Abe ...

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Singapore air quality improves to ‘moderate’ from ‘unhealthy’

  Bloomberg Singapore’s air quality improved, falling to “moderate” levels as haze from Indonesian forest fires eased Saturday. The three-hourly air pollution index slid to 83 as of 5 p.m., according to the National Environment Agency. Readings up to 100 are classed as “moderate.” The index rose above 100 at noon after it had climbed to 215 on Friday afternoon, ...

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