April, 2016

• 7 April

  China’s Homelink to seek funds at $6.2 billion value

  Bloomberg Beijing Homelink Real Estate Brokerage Co. is seeking to raise funds in a financing round that will give the property company a valuation of about 40 billion yuan ($6.2 billion), according to people familiar with the matter. Homelink, which focuses on rental and second-hand real estate transactions, is raising about $1 billion and has attracted funding from Chinese Internet ...

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• 7 April

  Hedge funds closer to $3.4 bn German property sale

  

  Bloomberg U.S. hedge funds may sell stakes in office landlord IVG Immobilien AG in the second half as a turnaround of the once-struggling German company nears completion, people with knowledge of the matter said. The funds are most likely to sell IVG’s main property business in a public offering, said the people, who asked not to be identified because the ...

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• 7 April

  US construction spending retreats in Feb

  

  WASHINGTON / Bloomberg U.S. construction spending fell in February by the largest amount in three months. Weakness in nonresidential construction and government offset the strongest month for home construction in more than eight years. Construction spending fell 0.5 percent in February following a 2.1 percent January gain, the Commerce Department reported. Spending declines on construction of factories, communication facilities and ...

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• 7 April

  USA vacation-home sales tumble from record as bargains dry up

  

  Bloomberg Sales of U.S. vacation homes tumbled last year from record levels as buyers were held back by tight inventory and turbulence in financial markets. An estimated 920,000 vacation properties changed hands, down almost 19 percent from a high in 2014, according to a survey released on Wednesday from the National Association of Realtors. By comparison, sales of primary owner-occupied ...

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• 7 April

  Good food, great service and excellent coffee

  

  Our Correspondent/ Emirates Business Australian cafe chain, ‘The Coffee Club’ entered the UAE market in the beginning of 2015 with its first branch at Abu Dhabi’s Yas Mall and later expanding to Dubai in March 2015. Over the past one year, the coffee chain has ventured into different locations in the UAE. “The first year has been a whirlwind. The ...

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• 7 April

  UAE’s first fully air-conditioned indoor sports facility

  

  Our Correspondent / EMIRATES BUSINESS Insportz Club is an indoor sports centre that offers the community in general the facility for indoor cricket, football, basketball, hockey, table tennis and others; all in a professionally managed environment which includes expert coaching. InSportz is UAE’s first fully air-conditioned indoor sports facility based in Al Quoz 3 Dubai. The arena also boasts of ...

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• 7 April

  Smart homes under cyber threat

  

  Sunaina Rana / Emirates Business Smart homes technology is undergoing boom across the UAE, but at the same time it brings along many apprehensions. Industry experts have rung the security alarm and asked for the secure upkeep of personal details of the stakeholders. They advised the consumers to stay more vigilant while sharing private data with cyber companies involved in ...

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• 7 April

  Dubai expects positive retail business

  

  Ritika Sharma / Emirates Business On the sidelines of Dubai Chamber’s analysis that confirmed UAE retail market size at US$35.4 billion in 2015, retailers across UAE say they will be investing more in business as they expect 2016 to be favourable too. The analysis said that Dubai witnessed sustained annual growth rates of 3.5 percent to 7.5 percent since 2010, ...

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• 7 April

  Mediaquest Magazine award for SIB CEO

  

  Sharjah / Emirates Business HE Mohammed Ahmed Abdullah, CEO of Sharjah Islamic Bank (SIB), has been awarded Mediaquest Magazine’s Top 100 CEOs award. The award ceremony was held at the Westin Dubai Mina Seyahi Beach Resort to honour business leaders of publicly listed companies in the GCC, where HE Mohammed Abdullah was honoured. On this occasion, HE Mohammed Abdullah, CEO ...

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• 7 April

  ADP Traffic intensifies traffic control in Al Ain

  

  ABU DHABI / WAM The Traffic and Patrols Directorate at Abu Dhabi Police (ADP) said that it spares no effort to take action against objectionable behaviours, such as allowing young people under 18 to drive in Al Ain city and to reduce the disturbing noise caused by illegally modified vehicles to increase their speed and amplify their sound, all of ...

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