April, 2016

• 12 April

  Stocks rise as commodities advance; bonds, yen drop

  

  BLOOMBERG Stocks rose with commodities, while the yen and government bonds slipped, as oil’s advance above $40 a barrel boosted economic optimism. The MSCI All-Country World Index pared gains after the International Monetary Fund cut its global expansion forecast. Metals prices jumped, helping push the Bloomberg Commodity Index to the highest this month. The yen fell versus most of its ...

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• 12 April

  Emirates Securities Market up 0.76 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.76% to close at 4530.34 points. Accordingly the Market Capitalization has gained AED 5.52 billion attaining AED 734.88 billion. A total of 1 Billion Shares were traded with a total value of AED 1.25 billion during the trading session of 12-04-2016 through 10422 transactions. The number of companies which ...

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• 12 April

  Cracks in Australia’s housing market are getting bigger

  

  Bloomberg Here’s a fun experiment you can try at home: Open the online mortgage calculators of Wells Fargo, Halifax, part of the U.K.’s largest mortgage lender Lloyds Banking Group, and Commonwealth Bank of Australia, and tap in the median income in each country; $53,657, 25,844 pounds and A$59,571 respectively. Which bank looks most generous? If you’ve followed international housing surveys ...

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• 12 April

  Manhattan One57’s developer drops luxury rent plan

  Bloomberg Manhattan builder Extell Development Co. is retreating from a plan to list 38 units at its One57 tower for lease, choosing to sell them instead as demand for luxury rentals slips amid an abundance of supply. The apartments, on the 32nd through 38th floors of the West 57th Street skyscraper, will be listed for sale as condominiums at prices ...

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• 12 April

  China plans to tear down walls of gated condos and let public in

  Bloomberg For years, Ji Ping has put up with Beijing’s smog, traffic and high prices, but this could be the last straw. A government plan threatens to pull down the walls of her gated community and maybe even drive a public road through its manicured gardens. “There are already so many things I’m not happy about here,” says Ji, 48, ...

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• 12 April

  In-flight Wi-Fi market heats up as satellite services come online

  

  Hamburg / Reuters In-flight Wi-Fi may sound like a great way to keep in touch with friends and family or catch up on work, but services are often so slow, you’re better off sticking to the in-flight magazine. New satellite-based Wi-Fi services promise to change that, prompting a grab for capacity and customers by companies such as Inmarsat Plc, Viasat ...

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• 12 April

  Telephone book: Vital or futile?

  

  Braunschweig, Germany / DPA What’s the use of old-style telephone books when all the numbers can be looked up on the internet? Untold millions of people must have thumbed through the thin pages of directories seeking a plumber or a travel agent for a holiday. But today you can find all that information on the internet. No longer do you ...

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• 12 April

  Salaries in realty sector to stay stable in 2016: Survey

  

  RITIKA SHARMA / Emirates Business Due to oil price slump, 2016 seems to be a cautious year for most of the industries. However, UAE real estate market looks somewhat unaffected. According to a GCC-centric survey, real estate industry salaries are expected to remain stable in the coming months of 2016. The average monthly salaries for the Middle East real estate ...

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• 12 April

  LBC Express sets sight on expansion in UAE, GCC

  

  Dubai / Emirates Business LBC Express Inc., the Philippines’ leading courier and cargo solutions provider, is planning to further expand to the UAE and across the Gulf Cooperation Council (GCC) region after the opening of its new and bigger warehouse in Dubai. The company has opened an 11,700 square feet warehouse in Al Qouz, Dubai to serve one of the ...

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• 12 April

  In line with 2030 plans, AUH UPC approves major mall development

  

  ABU DHABI / Emirates Business A major retail development on Al Reem Island has been granted detailed approval by the Abu Dhabi Urban Planning Council (UPC) in Q4 2015. The 27 projects and master plans approved in Q4 brings the total number awarded detailed approval in 2015 to 101, with a gross floor area (GFA) of 13.58 million meter-square — ...

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