The U.S. has two big housing affordability problems. They’re related — and solving the first would go some way toward solving the second. But they’re not the same, and it’s important to understand that. The first problem is that some coastal metropolitan areas in the U.S. are generating lots of good jobs but aren’t building enough housing to keep ...

  BLOOMBERG Global stocks climbed to a four-month high and emerging markets rallied as oil rose above $40 a barrel and corporate results beat analyst estimates. European equities were poised for their highest close since January as financial reports boosted companies including Danone and L’Oreal SA. South Korea’s won gained as the central bank refrained from loosening monetary policy and ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.81% to close at 4688.75 points. Accordingly the Market Capitalization has gained AED 6.14 billion attaining AED 760.58 billion. A total of 1.11 Billion Shares were traded with a total value of AED 1.23 billion during the trading session of 19-04-2016 through 11539 transactions. The number of companies ...

  WAM Miral and Warner Bros. has officially announced that a Warner Bros. themed destination is set to open in Abu Dhabi on Yas Island, which is one of the world’s leading business, leisure and entertainment destinations. The development will include the only Warner Bros. branded hotel alongside the immersive theme park. The first phase of the project, Warner Bros. ...

  Bloomberg Investcorp Bank BSC, the Gulf’s largest private investor in U.S. real estate over the past 10 years, plans to step up property investments in the world’s largest economy as it seeks to double assets under management to $25 billion over the next five to seven years. The company expects to spend $1.5 billion on U.S. real estate in ...

  Bloomberg Brookfield Asset Management Inc. raised $9 billion for its latest real estate fund, exceeding its $7 billion target and doubling its previous fund, as Asian investors and U.S. pension funds piled in to its fundraising efforts. Brian Kingston, chief executive officer of Brookfield Property Partners LP, said the funds are already 45 percent committed, including investments in the ...

  Bloomberg Once upon a time, rooftop pools, climbing walls, pet-washing stations, and golf simulation rooms were amenities that would genuinely help sell a high-end condo. But as the luxury market expanded after the financial crisis, developers bent over backwards to up the ante, hawking screening rooms, wine cellars, bocce courts, and concierges until so many buildings had them that ...

  Ritika Sharma / EMIRATES BUSINESS The breathtaking pace with which technology is changing the world is way too fast compared with the speed with which banks are embracing technology. As customers become more and more smartphone-dependent, banks should look for ways to collaborate with IT companies to understand and stay up-to-date with the latest changes in digital world. Retail ...

  Sunaina Rana / Emirates Business Over the years, digitalisation has become an integral part of banking sector. Fintech (finance and technology) start-ups are offering solutions that could spruce up the overall banking experience in a big way. Globally, entrepreneurs and even traditional banks are creating digital-only banks or neobanks that embrace most of the facets of new-age technology. However, ...

  RITIKA SHARMA / Emirates Business With the rapid adoption of cards, cashless payments and e-commerce, consumers are becoming more aware and concerned about fraud prevention. Banks across the world are moving quickly to upgrade payment technologies, spending huge sums to improve their IT infrastructure, with special focus on cyber security. Dhruv Magna, Dhruv Magna, Vice President Sales APAC, Envestnet/Yodlee, ...