Asia and the Pacific are recognized for leadership in global output, trade, and development. The region has a new opportunity to lead on the 2030 Agenda for Sustainable Development – a multidimensional, multisectoral, and multiagency undertaking. In 2016, the first year of implementation for the Sustainable Development Goals (SDGs), our region faces significant challenges: prioritizing SDG implementation; pace and sequencing; …
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BLOOMBERG Emerging-market currencies and stocks rose for a third day as Chinese inflation data spearheaded an advance in the nation’s equities and a gauge of the dollar extended losses. Ukrainian bonds gained the most in a month after the country’s premier resigned. China’s stocks rose the most this month amid signs of a pickup in industrial demand. Sberbank PJSC led …
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ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.17% to close at 4496.32 points. Accordingly the Market Capitalization has lost AED 1.21 billion attaining AED 729.36 billion. A total of 0.95 Billion Shares were traded with a total value of AED 1.04 billion during the trading session of 11-04-2016 through 10346 transactions. The number of companies which …
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Bloomberg Dubai’s projects market is back with positive growth after recording its second-best performing quarter since 2008 in the first quarter of this year. The emirate saw $6.6bn of new contract awards made in the period. The best total since 2008 was in the first quarter of 2014, shortly after Dubai won the rights to host the 2020 World Expo, …
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Bloomberg Chinese appetite for property in Australia shows no sign of waning after buyers doubled investment in the nation’s homes and offices for a second straight year. Spending on Australian residential and commercial real estate rose to A$24.3 billion ($18.4 billion) in the 12 months through June 2015, up from A$12.4 billion a year earlier and A$5.9 billion in 2013, …
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EMIRATES BUSINESS Cayan Group, the leading property developer in the Middle East, is to launch Samaya Project in the prime area of Erga, north western Riyadh. Spread on 1 million square meters, the billion-riyal project is set to become the ultimate residential destination, offering integrated services in Wadi Hanifah, one of the most attractive spots in Riyadh. Cayan Group has …
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Bloomberg The record number of luxury homes planned in London, equivalent to more than double the size of the city’s Hyde Park, is raising the prospect that developers may be forced to turn some projects into offices as demand falls, according to consulting firm Arcadis NV. Plans are in the pipeline for 35,000 high-end properties worth almost £77 billion in …
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Bloomberg For Pirojsha Godrej, who leads India’s third-largest developer, the pain in the real estate market is spelling opportunities. The son of billionaire Adi Godrej and chief executive officer of Godrej Properties Ltd. expects the firm’s best year ever for new project acquisitions as sluggish sales and a newly passed regulatory bill forces smaller developers out of business. The real …
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Alkesh Sharma / EMIRATES BUSINESS Unaffected by the recurrent economy fluctuations, residential sales market remained largely muted during the first quarter of 2016 in Abu Dhabi. Realtors in the Emirates capital experienced weak appetite for property purchases that was in tandem with overall market sentiment in the region. These startling findings have been revealed by CBRC Group in its recent report …
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Dubai / Emirates Business The new Kia Sportage has been received recognition for being the most desirable ‘Best Small SUV of the Year’ at the prestigious 2016 Middle East Car of the Year Awards. The fourth-generation Kia Sportage features a bold new look, with the vehicle’s designers creating a sense of sporty and powerful energy from every angle. Soon-Nam Lee, …
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