April, 2016

• 11 April

  Europe’s banks don’t have enough capital

  Europe’s economic malaise has a lot to do with its crippled banking system. Making that system more fragile seems like the wrong way to address the issue. With the European Central Bank taking interest rates deeper into negative territory and the euro-area economy languishing, investors have become more concerned about the future profitability — and perhaps the viability — of ...

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• 11 April

  Time for Asia and the Pacific to lead on sustainable development

  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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• 11 April

  Emerging stocks, currencies gain 3rd day on China inflation

  

  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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• 11 April

  Emirates Securities Market down by -0.17 percent

  

  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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• 11 April

  Dubai projects market returns to positive growth

  

  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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• 11 April

  Chinese buyers double their Oz realty investments

  

  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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• 11 April

  KSA’s Cayan Group acquires official permits for Samaya project in Riyadh

  

  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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• 11 April

  Record luxury homes planned in London

  

  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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• 11 April

  Pain in India realty scene spells scope for Godrej

  

  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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• 11 April

  Abu Dhabi residential market sees sluggish Q1

  

  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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