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DUBAI / Emirates Business Despite a sustained correction in prices across nearly all communities in Dubai, developers are completing construction and handing over projects with speed, according to the ‘Property Finder Trends’ report for H1 2019. According to data in ‘Trends’ report, a total of 20,978 residential units completed in the first half of 2019. The total comprised 14,999 apartments, ...

Bloomberg China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone. The brutal market selloff began three months ago as Donald Trump’s administration slapped restrictions on ...

Bloomberg PT MNC Land, an Indonesian builder, began a sale of luxury condos and mansions in two projects being developed in Indonesia in partnership with the Trump Organisation, marking the US developer’s foray into Southeast Asia’s largest economy. Donald Trump Jr., who attended a pre-launch event in Jakarta for condos and villas that will be built in West Java and ...

Bloomberg Huawei Technologies Co. hired the law firm Sidley Austin LLP to lobby on trade as the US pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trump’s trade war with Beijing. The lobbying, which began in July, will focus on export controls, trade sanctions “and other national ...

Bloomberg Singapore’s government cut its forecast for economic growth this year to almost zero as the escalating US-China trade war dampens the region’s most trade-reliant economies. Singapore’s economy now is seen growing 0.0%-1.0% this year, down from a previous projection of 1.5%-2.5%, the Ministry of Trade and Industry said on Tuesday, with growth expected to come in near the midpoint ...

Bloomberg Passenger vehicle sales in India dropped the most in nearly two decades, with the decline extending for a ninth straight month amid a broader slowdown in Asia’s third-largest economy. Car sales fell 36% from a year earlier to 122,956 units in July, data released by the Society of Indian Automobile Manufacturers showed. Passenger vehicle sales slumped 31%, while truck ...

Bloomberg Saudi Aramco plans to buy a stake in the refining and chemicals business of India’s Reliance Industries Ltd., moving to diversify from Saudi Arabia. The purchase by Aramco, the largest oil exporter and the most profitable company in the world, precedes a planned public offering that could be held as early as next year. Aramco will buy a 20% ...

Bloomberg Russia said it’s far ahead of the US in developing new nuclear-powered missiles despite a failed test that prompted President Donald Trump to boast of American superiority in the field. President Vladimir Putin “has repeatedly said that Russian developments in this area surpass the level achieved by other countries, and are quite unique,” Kremlin spokesman Dmitry Peskov told reporters ...

Bloomberg China’s signalling it’s prepared to send in security forces to suppress the uprising in Hong Kong. The question now is what President Xi Jinping will do. State-run media have posted videos of the People’s Armed Police assembling across the border in Shenzhen, while Chinese officials describe the protests as a “color revolution” and “terrorism” — a term used to ...

Bloomberg A Scottish court challenge to Prime Minister Boris Johnson’s proposal to suspend parliament will be heard on September 6 under an accelerated timetable, a judge said on Tuesday. A group of more than 70 British lawmakers want the court in Edinburgh to say it wouldn’t be legal to ask the Queen to suspend parliament. Johnson has refused to rule ...