April, 2016

• 5 April

  Libyans regain hope with new unity govt head in Tripoli

  

  Turkey / afp Residents of Tripoli have started to breathe a little easier since the head of a new unity government came to town promising a way out of Libya’s political and economic crises. Prime minister-designate Fayez Al Sarraj’s arrival last Wednesday came at a time of sandstorms combined with fears of clashes between rival armed groups that have failed ...

  Read More »
• 5 April

  Fantasies over facts

  

  Trumpanomics doesn’t compute. The media keep piling on Donald Trump, because he keeps saying things that are controversial, impractical, undesirable and — in some cases — simply impossible. Into this last category has now tumbled something new: Trump told Washington Post reporters Robert Costa and Bob Woodward that he could eliminate the $19 trillion federal debt over “a period of ...

  Read More »
• 5 April

  Heed to economic impact of climate change

  Economists have once again sounded an alarm in a study that trillions of dollars worth of financial assets may be under threat from global warming by 2100, if no appropriate measures are taken to mitigate its impact. The World Economic Forum had also cautioned in January that climate change could be the biggest potential threat to the global economy in ...

  Read More »
• 5 April

  History repeats in S Korea’s crumbling opposition party

  Elaine Ramirez SPECIAL TO EMIRATES BUSINESS Four years ago, a backpack-toting software engineer strutted on to South Korea’s presidential campaign stage with the vow to reform the two-party system and heal the bipartisan split with a new shade of politics. The self-made entrepreneur, antivirus creator, and former school dean Ahn Cheol-soo attracted swarms of young voters who pinned hopes on ...

  Read More »
• 5 April

  China’s role in North Korean puzzle

  

  Last week the leaders of China, Japan, South Korea, and the United States were in Washington, D.C. to remount a political charge against North Korean leader Kim Jong-un’s recent behavior. It’s encouraging to see President Xi Jinping chip in for world peace alongside Asia’s other power brokers, as it is to see Japanese Prime Minister Shinzo Abe and South Korean ...

  Read More »
• 5 April

  Stocks retreat as bonds gain amid global growth concerns

  

  BLOOMBERG Stocks fell around the world, while the yen and government bonds rallied, as heightened concern that global growth is faltering drove investors into haven assets. U.S. stocks sank a second day, as Allergan Plc plunged on concern that a clampdown on inversions may derail a merger with Pfizer Inc. Japan’s yen jumped to a 17-month high versus the U.S. ...

  Read More »
• 5 April

  Emirates Securities Market down by -1.11 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.11% to close at 4457.31 points. Accordingly the Market Capitalization has lost AED 8.1 billion attaining AED 723.03 billion. A total of 0.73 Billion Shares were traded with a total value of AED 0.79 billion during the trading session of 05-04-2016 through 8562 transactions. The number of companies which ...

  Read More »
• 5 April

  Cairo sets new housing timeline

  

  Bloomberg Egypt’s government has set a new timeline for the completion of public and middle-income housing units, according to a cabinet statement. The statement went on to say the government has committed to delivering about 300,000 units by the end of 2016. Cairo also plans to deliver about 750,000 housing units by the end of 2018, in addition to the ...

  Read More »
• 5 April

  Hill Int’l wins work on projects in Morocco and KSA

  Bloomberg US-based Hill International has won two contracts to provide construction services on real estate and tourism development projects in Saudi Arabia and Morocco. In Saudi Arabia, Hill has been awarded a contract from the local DUR Hospitality to provide services during the construction of the Diplomatic Quarter Marriott Hotel in Riyadh. Hill says its two-year contact has an estimated ...

  Read More »
• 5 April

  USA home rental cost growth slows

  

  Bloomberg U.S. apartment vacancies climbed in the first quarter as a flood of newly built units hit the market, slowing the rate of rent increases. Effective rents, or what tenants pay after landlord concessions, rose 4.5 percent in the first quarter from a year earlier, down from 5 percent growth at the end of 2015, Reis Inc. said. The vacancy ...

  Read More »