June, 2016

• 30 June

  Canada’s hottest real estate market to end self-regulation

  

    Bloomberg Canada’s province of British Columbia will end self-regulation of the real estate industry as government officials move to rein in unethical practices that may be stoking home prices in Vancouver, one of North America’s fastest-appreciating cities. “The real estate sector has had 10 years to get it right on self regulation and they haven’t,” Premier Christy Clark said. ...

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• 30 June

  San Francisco landlords gird for slowdown as startup frenzy ebbs

  

    Bloomberg Office landlords are bracing for a cooling of San Francisco’s red-hot market as weaker startup valuations and lower venture-capital funding temper years of runaway growth in the technology-industry hub. The city’s office-vacancy rate jumped in the second quarter by the most since the last recession, while the amount of space available for sublease almost doubled, according to a ...

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• 30 June

  Iran’s July oil exports to fall but 70pc higher than a year ago

  

    Tehran / Reuters Iran’s oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher than a year ago, according to a source with knowledge of the country’s crude lifting plans. Exports will be about 2.14 million barrels per day (bpd) in ...

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• 30 June

  Riyadh’s new listing L’azurde to double branches in MENA

    RIYADH / Reuters Saudi Arabia’s L’azurde Company for Jewellery, which surged on its trading debut in Riyadh on Wednesday, plans to almost double the number of its branches in the MENA by 2018. Chief Executive Selim Chidiac told Reuters that market conditions in Saudi Arabia were very challenging as consumers have been hit by the slide in oil prices, ...

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• 30 June

  Saudi improves real estate transparency

  

    Jeddah / Emirates Business The Kingdom of Saudi Arabia (KSA) has moved up the rankings to finish in the ‘Semi-Transparent’ category for the first time in the JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI). Strong advances over the past two years have seen Saudi Arabia (63rd) and Egypt (65th) move into the dynamic ‘Semi-Transparent’ ...

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• 30 June

  Saudis in mobile market rave about high income

  

    Jeddah / TNS Young Saudis who recently joined the sale and maintenance of mobile phone market are raving about their experience and high financial returns, which they attribute to the decision to nationalize the sector and allow many young Saudis access to job opportunities and ownership of such shops. Seller Abdullah Ani, who works at a mobile shop, says ...

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• 30 June

  Jordan steps up monitoring of air pollution levels

  

    Jordan / TNS Plans are in place to set up new stations to monitor air pollution in industrial areas in Jordan, officials at the Ministry of Environment said. The ministry will also enhance the performance of the 14 stations currently set up in Amman, Irbid and Zarqa, which are electronically linked to the ministry to test air pollution levels, ...

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• 30 June

  Saudi women earn more than men in private sector

    TNS Women’s wages are higher than men in the private sector, according to figures released by the Saudi Arabian Monetary Agency (SAMA). Their monthly salary average is SR3,497 whereas for men it is SR2,417, while the gross average for both is SR2,417. However the percentage of average wage growth for men in 2015 was higher than women, increasing by ...

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• 30 June

  3 Amigos unveil climate and energy plan, NAFTA changes

  

    Bloomberg The U.S., Canada and Mexico put climate change at the center of efforts to deepen the North American alliance, pledging to cut greenhouse gas emissions from the oil and gas sector, boost the development of clean power and build new cross-border transmission lines. President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexico President Enrique Pena Nieto completed ...

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• 30 June

  Argentina overhauls GDP data, confirming economy in recession

  

    Bloomberg Argentina unveiled the results of revised growth numbers for the past decade as the government of President Mauricio Macri seeks to restore investor confidence undermined by the previous administration. The data confirmed that the new president inherited an economy in recession. Gross domestic product shrank 0.7 percent in the first quarter from the last three months of 2015, ...

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