Masonry Layout

DUBAI / Emirates Business Dubai recorded a 5 percent drop in apartment transactions during the first quarter of 2019, while villa sales in the emirate are up by 35 percent, according to data in ‘Property Finder Trends’ report, released earlier this month. The figures show that the type of properties being purchased is changing, although overall sales transactions are steady ...

ABU DHABI / WAM The third day for the registration of applications for the Federal National Council (FNC) elections saw 84 applications, taking the figure to 372 in three days, including 133 from women. The total number of applications in Abu Dhabi by the end of the third day reached 110. Dubai saw 53, while Sharjah received 94. A total ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has achieved another milestone in the construction of Unit 3 of the Barakah nuclear energy plant, being built at the Al Dhafra region of Abu Dhabi. Enec has safely and successfully energised Unit 3’s main power transformer and gas insulated bus (GIB), an important step in the continued testing and ...

SHARJAH / WAM HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council (SEC) chaired a meeting of the council at the Ruler’s Office in Sharjah. The council reviewed various issues on its agenda concerning achieving the vision of the Emirate of Sharjah. After the ratification of the minutes ...

Bloomberg South Korean financial regulators will start a probe into sales of derivative products that carry the risk of individual investors losing almost all their money depending on moves in overseas market rates. Those products include 127 billion won ($105 million) of securities tied to the German 10-year government bond yield, according to a statement from the Financial Supervisory Service. ...

Bloomberg India’s slowing economy could easily be the fall guy for Prime Minister Narendra Modi government’s struggles with meeting tax targets. But there’s another culprit: tax evasion. A nationwide consumption tax, introduced in 2017 and widely regarded as a tool to improve tax compliance and boost economic growth, may have failed to plug evasion, according to a report by the ...

Bloomberg President Donald Trump stepped up his assault on the Federal Reserve, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced by at least ...

Bloomberg Fallout from a deadly wildfire that swept across Northern California in 2017 and pushed PG&E Corp. towards bankruptcy has returned to once again haunt the utility giant, pummeling its shares. A US Bankruptcy judge lifted a freeze on $18 billion in legal claims tied to the blaze, which killed 22. While state investigators cleared PG&E of responsibility for the ...

Bloomberg National Grid Plc will investigate how to better incorporate the UK’s increasing share of renewable energy in the power mix after a blackout earlier this month saw more than one million homes lose power. The probe was sparked by the August 9 blackout, that also caused havoc on the transport networks, after a lightening strike north of London led ...

Bloomberg US President Donald Trump spoke separately with the leaders of India and Pakistan in a bid to calm tensions between the nuclear-armed neighbours over a territorial dispute. Indian Prime Minister Narendra Modi has kept Kashmir under lockdown for more than two weeks after scrapping the region’s autonomy, a move condemned by Pakistani Prime Minister Imran Khan. Both nations claim ...