Bloomberg Foreigners buying homes in Sydney will face a new property tax from next week when New South Wales becomes the second state in Australia to impose such a duty as soaring demand from China helps drive record prices. Australia’s most populous state plans to introduce a 4 percent stamp duty surcharge from June 21 and from next year ...

  TRIBUNE NEWS SERVICE A year ago, the U.S. Supreme Court ratcheted up the pressure on housing officials across the country to do what has rarely been done in Houston: build affordable homes in well-off neighbourhoods. That is proving to be easier said than done. The court warned that concentrating public housing in low-income, high-minority neighborhoods could violate the Fair ...

  ABU DHABI / WAM The UAE’s Ministerial Development Council, presided by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, discussed the preparation of a global regulatory framework for Islamic finance as part of the UAE government vision to make the country a global centre for Islamic economy. The proposal includes setting comprehensive ...

  ABU DHABI / WAM The United Arab Emirates condemned the terrorist attack which took place last night in the US city of Orlando, Florida State, killing 50 people and wounded others. In a statement on Monday, the Ministry of Foreign Affairs and International Cooperation announced its solidarity with the United States, reiterating its condemnation of terrorism in all its ...

  Bloomberg Microsoft Corp said it will buy LinkedIn Corp in a deal valued at $26.2 billion, giving the world’s biggest software provider access to a virtual Rolodex of connected business professionals. Microsoft will pay $196 per share in an all-cash transaction, including LinkedIn’s net cash, is a 49.5 percent premium to LinkedIn’s closing price Friday. LinkedIn will retain its ...

  SHARJAH / WAM A delegation from the Portuguese Business Council in Dubai recently visited Sharjah Airport International Free Zone (SAIF Zone) to identify possible investment opportunities and cement their trade relationships with the free zone. The delegation, led by Caetano Leitao, was received by Raed Bukhatir, Deputy Director of Business Development at SAIF Zone. During the meeting, Bukhatir elaborated ...

  Dubai / Emirates Business The 15th edition of Cityscape Global is expected to attract a new wave of real estate investors from across the region, following the success of recent exhibitions in Turkey, Egypt, Abu Dhabi and Qatar. So far in 2016, the Cityscape portfolio of events has gathered more than 46,000 participants, and feedback from key stakeholders including ...

  Sharjah / WAM Sharjah Economic Development Department (SEDD) organised at its main headquarter a meeting with the owners of cars used spare parts and scrap stores in order to review the obstacles that they are facing while conducting such activity and how to solve these problems in order to promote the trading movement and to ensure the sustainability of ...

  Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation begins on June 15 banning any sort of work under direct sunlight between 12:30 till 15:00, the midday break shall commence till September 15. Maher Al Obed, Assistant Undersecretary for Inspectional Affairs, said, “18 teams from the ministry will monitor the level of compliance throughout the decided period. ...

  Dubai / Emirates Business HE Saif Humaid Al Falasi, CEO of the Emirates National Oil Company (ENOC), Dubai Government’s wholly owned company, has been announced as the new Chairman of Gulf Energy Maritime PJSC (GEM). In accordance with the shareholders’ agreement, the chairmanship rotates every three years between IPIC and ENOC – two of GEM’s major shareholders. Effective from ...