April, 2016

• 28 April

  NYC’s luxury-apartment glut hits landlord Equity Residential

  

    Bloomberg A cool-down in Manhattan’s apartment-rental market is hitting the bottom line of Equity Residential as the landlord is forced to offer concessions to tenants who suddenly have a lot of competition to choose from. “New York City just turned very quickly and more deeply than we expected,” Chief Operating Officer David Santee said on a conference call on ...

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• 28 April

  Creating comfy, desirable destinations

  

    Our Correspondent / Emirates Business Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with US$10 billion in assets, a 75 million sq-mt land bank, and through its iconic developments, it is one of the most well known in the UAE, and in wider Middle East region. From its beginnings in 2005 till today, Aldar continues ...

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• 28 April

  Hashtag Digital: Leveraging from past experience

  

    Our Correspondent / EMIRATES BUSINESS Digital commerce is the fastest moving industry in the world , especially in South East Asia. It has become the torch-bearer for the genX and millenial dreamers to make it big as an entrepreneur with the fast mushrooming of start-ups in an uprecendented scale. As a ‘new’ industry, not so many professionals can claim ...

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• 28 April

  Top talents recognised at 3rd edition of MENA Digital Awards 2016

  

    DUBAI / Emirates Business Leading practitioners in digital advertising gathered at the Westin Hotel to honour excellence in the use of digital technology and media in the region. The third edition of MENA Digital Awards followed the success of the fifth Digital Media Forum, which was held earlier that day. “The highly successful staging of the MENA Digital Awards ...

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• 28 April

  Dubai First awarded at Asian Banker MENA 2016 Awards

    Dubai / Emirates Business Dubai First, one of the leading consumer finance companies in the UAE, won two awards at the highly prestigious Asian Banker’s Middle East & Africa Awards 2015, – ‘Best Non-Bank Consumer Finance Organisation” and “Best Micro Finance Product of the Year”. The recognition came during The Asian Banker’s 3rd Annual Middle East & Africa Regional ...

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• 28 April

  All-new MINI Convertible comes to ME

  

    Dubai / Emirates Business Open-top driving fun in the world’s only premium convertible in the small car segment has advanced to the next stage. The new MINI Convertible is now on sale in showrooms acorss the Middle East. The open-top 4-seater went on sale at importer showrooms this week — with elegantly stretched lines and a noticeable increase in ...

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• 28 April

  Leading Indian real estate firm DLF to hold UAE roadshow

    Ritika Sharma / Emirates Business DLF, one of India’s largest realty firms, is holding a four-day roadshow at the Ritz Carlton Dubai to highlight investment opportunities in DLF’s portfolio of luxury properties. DLF’s latest project is DLF5, a state-of-the-art, integrated development offering high-end residential, commercial, retail and community facilities. DLF5 aims to provide a world-class lifestyle in Gurgaon, India. ...

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• 28 April

  Keeping rates intact, US Fed maintaining an eye overseas

  

    WASHINGTON / AP When the Federal Reserve chose not to raise its key interest rate, it nevertheless made clear that its next move will be another increase. That stance puts it at odds with other major central banks, which are doing the reverse — seeking to ease credit to spur lending. That policy divergence could pose risks for the ...

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• 28 April

  Deutsche rises after gain on cost reduction

  

    Bloomberg Deutsche Bank AG was the best performer among European lenders after reporting a surprise profit in the first quarter as legal expenses dropped and trading businesses performed better than analysts forecast. Net income declined to 214 million euros from 544 million euros in the year-earlier period, the company said in a statement on Thursday. Analysts had forecast a ...

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• 28 April

  BoJ surprises as it holds off stimulus, delays inflation target

  

    Tokyo / AFP Bank of Japan (BOJ) shocked markets on Thursday as it held fire on fresh stimulus measures, sparking questions about whether there is anything left in its policy arsenal to kickstart a sliding economy. Dealers were caught off guard by the decision, which sent the yen skyrocketing, especially after another set of weak economic data in the ...

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