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Bloomberg The tower designed by Spain’s Santiago Calatrava Valls that will be the centrepiece of Emaar Properties’ Dubai Creek Harbour development will be taller than the 828-metre tall Burj Khalifa. “It will be a notch taller than the Burj Khalifa,” said Emaar Properties chairman Mohamed Alabbar speaking at a briefing at the Dubai Creek Harbour site on April 10. Alabbar ...

WASHINGTON / AP Average long-term U.S. mortgage rates slid last week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season. Mortgage buyer Freddie Mac said on Saturday the average rate on a 30-year, fixed-rate mortgage fell to 3.59 percent from 3.71 percent last week. The benchmark rate was far below the 3.66 percent level ...

Bloomberg In the overheated U.S. housing market, just complaining about a leaky ceiling can land you on the street. Randy Dillard was living with five kids in a four-bedroom house in the Bronx when he informed his landlord of a persistent drip. Dillard rented his $1,800-a-month home near the New York Botanical Garden with help from the federal government’s Housing ...

Dubai / Emirates Business International aviation specialists will convene this April in Dubai at the 4th edition of the World Aviation Safety Summit, to propose new procedures for enhancing a culture of safety across the industry. Global experts will analyse how the sector can ensure that safety is standardised and best practice is implemented worldwide, particularly as airlines in emerging ...

Ritika Sharma / Emirates Business UAE has a comprehensive education system and its competency is recognisedworldwide. Taking a step forward, Dubai-based Academia Management Solutions International (AMSI) has launched ‘AMSI Voices’ — a programme aimed at harnessing the benefits of corporate networking by bringing alumni of different schools under one roof. The annual event will aim at bringing together alumni and ...

Sunaina Rana / Emirates Business UAE-based leading real estate company Manazel is all set to venture into overseas in search of new market. Manzel has recently announced its new project in Jordan aiming at the mid-segment market. “As it has been witnessed that Jordan is experiencing exponential growth, and our new venture ‘Manazel Amman’ is our effort to provide affordable ...

Dubai / Emirates Business Imdaad, a leading provider of integrated facilities, waste and energy management solutions in the GCC, announced that the region’s facilities management (FM) sector is still immature compared to those in other parts of the world but is nevertheless learning well and growing at a fast pace. The company foresees abundant opportunities for the UAE market in ...

Dubai / Emirates Business Global Village concluded its extremely successful 20th season with the highest ever guest attendance at 5.3 million and business transactions worth AED2.2 billion, and closed to a packed house over its final weekend when more than 90,000 guests attended the park while the Lebanese superstar Nancy Ajram took to the stage a spectacular concert to be ...

CAIRO / Reuters Saudi Arabia and Egypt have signed agreements to specify maritime borders, a cabinet statement said, allowing both countries to benefit from maritime zones that were previously untapped. The agreement was signed during Saudi Arabia’s King Salman visit to Egypt during which several investment projects were announced. The technical drawing of the border include the Tiran and Sanafir ...

CAIRO / Reuters Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday. Finance Minister Amr al-Garhy told a news conference state energy subsidies would fall to 35 billion Egyptian pounds ($3.94 billion) from about 61 billion pounds in the 2015/16 budget. Consumers reacted ...