Justin Fox Home prices in US went up in March. That was the news last Tuesday from S&P/Case-Shiller; all indications are that April was an up month too, and that this summer’s “selling season” will see continued price increases. Bit by bit, prices are regaining the ground lost during the long collapse from 2006 through early 2012. In some ...

  Speaking on Saturday at this year’s Shangri-La Dialogue – Asia’s premier defense summit – U.S. Defense Secretary Ash Carter delivered an important address outlining what he called the “principled security network” – a growing set of bilateral, trilateral and multilateral mechanisms in the region focused on preserving key values and promoting greater burden-sharing among all nations. Little of what ...

  Dubai / Emirates Business The upturn in the UAE’s non-oil private sector regained some momentum midway through the second quarter, thanks mainly to a sharp expansion of output. Activity increased at the fastest pace in eight months during May, helped by a pick-up in new business growth. However, data pointed to areas of underlying fragility, as both employment and ...

  Dubai / Emirates Business ENOC Global Marine, a specialized business division of ENOC Lubricants Marketing (ELM) under the Emirates National Oil Company (ENOC) Group, is set to showcase its marine lubricants portfolio at Posidonia 2016, the industry’s largest shipping and maritime exhibition. Taking place in Athens, Greece from June 6-10, ENOC will also highlight its technical support competences for ...

  ALKESH SHARMA / Emirates Business Facing a tough competition from smart-phones and tablets, the personal computer (PC) industry has witnessed a sharp plunge in the shipments coming to this region. Besides mounting competition, market pundits also attribute this dive to less tourist arrivals, and diminishing confidence of customers. These were pegged as major drivers leading to the industry decline. ...

  DUBAI / WAM The Supreme Committee for Strategic Planning at the Roads and Transport Authority, RTA, headed by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, has approved the authority’s revised strategic plan, 2016-2020. The objectives of the strategic plan have been revised in keeping with Dubai Government’s drive, and RTA’s values ...

  Abu Dhabi / Emirates Business Bloom Education, a Bloom Holding subsidiary that delivers the highest standards of education in the UAE, announced that Brighton College Al Ain now holds the highest ranking of school in the United Arab Emirates, following a recent four-day inspection of the British-style premium school. The College has been judged to be ‘Outstanding’ in every ...

  ALKESH SHARMA / Emirates Business Financial dynamics are continuously transforming for good reasons in the UAE, which boasts of a much denser concentration of credit cards when compared with other countries in the Middle East. Plastic money has taken the society with a storm and has become regular norm of the daily life. However, economists believe that plastic money ...

  ABU DHABI / WAM Abu Dhabi Department of Economic Development’s Abu Dhabi Business Center (ADBC) has launched 247 inspection raids to stores and commercial establishments in Abu Dhabi, Al Ain and the Western Region in the first quarter of 2016, where 200,428 counterfeit products were confiscated including auto spare parts, electronic devices, clothes, accessories, beauty products and other items. ...

  Ritika Sharma / Emirates Business With ample support and motivation from the leadership, UAE has already earned a global recognition in taking up ‘green initiatives’. Further strengthening the country’s commitment towards a sustainable future and leading by example, Ladybird Early Learning centre is all set to open UAE’s first school that will hold LEED Gold certification. Ladybird Early Learning ...