April, 2016

• 12 April

  UAE giving right push for FDIs

  In its drive to diversify economy, the UAE’s government has outlined several strategies, notably the scheme to attract Foreign Direct Investment (FDI) by giving foreign investors attractive incentives. Annual Investment Meeting (AIM), a world leading emerging markets’ FDI platform, is being held in Dubai within this context. It connects the top FDI investors, experts, and practitioners in the world. The ...

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• 12 April

  Myanmar: The Dawei special economic zone

  Brennan O’Connor SPECIAL TO EMIRATES BUSINESS Investor confidence in the long-delayed Dawei special economic zone (DSEZ) is growing after Japan signed on as a third equal partner with Myanmar and Thailand this December. Japan’s backing may finally kick start construction of the billion dollar project that has been crippled by funding shortfalls since 2013. If it’s ever finished, the deep-seaport ...

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• 12 April

  Is Beijing’s ‘assertiveness’ in the S China Sea all about nationalism?

  In a number of recent discussions I’ve been a part of, “nationalism” has been repeatedly raised to describe China’s policies toward its territorial disputes with its neighbors. Also, this term has often appeared in international media stories about China’s stance in the East and South China Seas disputes. The idea is that “nationalism” is unnecessarily — or even dangerously — ...

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• 12 April

  The USA can’t afford Trump’s policies towards northeast Asia

  

  One hopes that Park Geun-hye and Shinzo Abe enjoyed their meeting last week with Barack Obama, because the show of unity that the South Korean, Japanese, and U.S. leaders displayed in opposition to North Korea’s nuclear defiance would simply not be possible in a hypothetical Trump administration. Instead, Donald Trump, the front-runner to serve as the Republican candidate in this ...

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• 12 April

  Why the Nuclear Security summit alone won’t stop N-terrorism

  

  Mariah A.V. Hays / Hannah E. Haegeland SPECIAL TO EMIRATES BUSINESS The fourth and likely final Nuclear Security Summit (NSS) again highlighted the greatest security threat to the world: nuclear terrorism. U.S. President Barack Obama and other world leaders in the Summit have consistently championed the “central and unique role“ of the International Atomic Energy Agency (IAEA) as the lead ...

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• 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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