July, 2016

• 9 July

  UK property outlook worsens as Barclays cuts homebuilders

  

    Bloomberg The outlook for the U.K. property market is getting a whole lot worse. Barclays Plc cut its homebuilder ratings and London investor Great Portland Estates Plc warned about weakening office markets in the U.K. capital as Britain’s economic prospects worsen following the vote to leave the European Union. “Recent events have spooked markets — with good reason,” Barclays ...

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• 9 July

  Housing boom endures weak oil in Europe’s most mortgaged country

  

    Bloomberg Norwegians love their homes. Nearly 85% of them own the property they live in, usually with the help of a bank. So much so, in fact, that Norway has the highest proportion of mortgages in Europe – 65.6% of the population has a home loan, according to latest available data from Eurostat. That questionable record is partly the ...

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• 9 July

  Manhattan apartments renters push back to find better deals

  

    Bloomberg Manhattan renters left their apartments in search of better deals last month, pushing back against landlord price increases and taking advantage of a flood of new choices on the market. New apartment leases totaled 5,203, a 34 percent jump from a year earlier and the first increase for June since 2012, according to a report by appraiser Miller ...

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• 9 July

  The alternative way to pay

  

    Ritika Sharma / Emirates Business Banking apps and mobile wallets will soon surpass the traditional payment methods in the UAE as more and more customers seek comfort in cashless payment systems. A vast appetite for technological advancements in the payments industry is helping in making the country one of the leading countries in the world, when it comes to ...

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• 9 July

  Zenbo: Meet your new tech butler

  

    Sunaina Rana / Emirates Business Robots will no longer be just machines. As innovation drives many technological advancements around the world, IT company ASUS has come up with its first-ever tech-kid — ‘Zenbo’. The home robot has specific functions which include assisting senior family members with their health, giving reminders of important information, monitoring and alerting about emergency situations ...

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• 9 July

  Non-OIC nations move up Muslim travel index

  

    Alkesh Sharma / Emirates Business Members of the Organisation of Islamic Countries (OIC) always have a unique advantage when it comes to Muslim travel, thanks to the plethora of Muslim-friendly facilities and services available. However, some non-OIC destinations have also started targeting the Muslim travel market and are making sustainable efforts to offer tailor-made services to attract them. Recent ...

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• 9 July

  Mobile Capture tech to transform IT sector

  

    Sunaina Rana / Emirates Business Mobile phones are an integral part of digital advancements that are transforming almost every sector these days. Experts say the Mobile Capture technology will change the face of information management soon. Stressing on the importance of a high-tech future, Emma Isichei, Worldwide Category Director, Capture Solutions at Kodak Alaris, emphasizes the need for adopting ...

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• 9 July

  Construction sector moves towards a new fire safety code

  

    Sunaina Rana / Emirates Business In the wake of the New Year’s Eve blaze in a hotel in the United Arab Emirates, the Civil Defense Authorities in the nation have been working on new fire safety regulations for buildings. UAE represents a multi-cultural hub for industries, residence and tourism, owing to which fire safety becomes a vital element. As ...

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• 9 July

  Shop till you drop at Abu Dhabi Duty Free

    ABU DHABI / Emirates Business Abu Dhabi Duty Free is providing passengers with a fantastic shopping experience this summer season with an unprecedented number of promotions, retail exclusives and culinary treats. Offers include ‘spend & win’ promotions across all shops throughout the airport, with cash vouchers being given away. Sharaf DG and Pure Gold are also introducing special products ...

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• 9 July

  Al Montazah festivities see huge turnout

  

    Sharjah / Emirates Business Al Montazah, Sharjah’s first amusement and waterpark, saw a huge turnout of visitors with the crowds of residents and tourists keen to share the blessings of the occasion and enjoy fun-packed water-based activities at the emirate’s popular leisure destination. Visitors to Al Montazah were able to soak up a joyful atmosphere all day long, with ...

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