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Dubai / WAM Dubai Land Department (DLD), said that the real estate sector significantly contributed to GDP growth in the Emirate. The improvement in economic growth rates in the Emirate of Dubai was accompanied by an improvement in the performance of the real estate sector, according to the DLD’s ‘Annual Report: Real Estate Sector Performance 2019’. The contribution of real ...

DUBAI / WAM Dubai South is set to highlight the latest developments in the Middle East’s rapidly growing e-commerce sector at the upcoming eCommerce Expo in Olympia, London, where it will be promoting the Logistics District and its recently launched fully dedicated e-commerce free zone, EZDubai. The eCommerce Expo is scheduled take place on September 25-26 and is considered UK’s ...

Bloomberg BNP Paribas SA became the latest global firm to be dragged into the tensions roiling Hong Kong after the French lender publicly apologized for a posting on an employee’s personal social media account. The lender’s statement on its website came after an unidentified employee made remarks on Facebook about a pro-Beijing group singing the Chinese national anthem at a ...

Bloomberg US rice growers won’t get increased sales under the current terms of a trade deal agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe, people familiar with the accord said. While there are still details to be finalised, the people said there won’t be any expansion of Japan’s quotas for US-grown rice. US producers hope the issue ...

Bloomberg China Gold International Resources Corp, the overseas arm of state-owned China National Gold Group, is on the hunt for acquisitions to replenish its pipeline as deal-making in the sector heats up thanks to a jump in the metal’s price. “We need more pipeline, especially in gold production,” Jerry Xie, executive vice president, said in an interview on the sidelines ...

Bloomberg Singapore real estate investment trusts are on a money-raising spree. Lendlease Global Commercial REIT began taking investor orders on Tuesday for an initial public offering that could raise as much as S$740.3 million ($538 million) in what would be Singapore’s third-largest IPO this year. REITs have raised $1.63 billion in Singapore IPOs so far this year, the highest since ...

Bloomberg An MTR Corp train derailed in Hong Kong, dealing a fresh blow for the subway operator that has become a target and battleground in the anti-Beijing demonstrations rocking the city. The incident, which occurred on Tuesday morning and injured eight people, involved three carriages that went off track and prompted the company to suspend trains running between Hung Hom ...

Bloomberg Global investors are starting to fall out of love with Narendra Modi. After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers are now unwinding those wagers at the fastest pace on record. They’ve sold $4.5 billion of Indian shares since June, on ...

Bloomberg Global fund managers say German fiscal stimulus would be a greater boon to risk assets than infrastructure spending in China or aggressive central-bank policies. Uncertainty from the US-China trade war and perceived monetary-policy impotence are increasingly placing the onus on fiscal policy, according to a recent investor survey conducted by Bank of America Merrill Lynch. Yet market participants are ...

Bloomberg A low-profile law professor and a jailed media tycoon secured the top spots in Tunisia’s landmark presidential vote, routing veteran politicians in a rejection of the status quo in the birthplace of the Arab Spring. Kais Saied, a constitutional law professor, secured 18.4 percent of the vote while Nabil Karoui, the owner of a TV channel who’s detained on ...