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  Dubai / Emirates Business dubizzle, the UAE’s leading property platform, released its first property report in collaboration with JLL, the world’s leading real estate investment and advisory firm. The report, launched at the second edition of The Exclusive Agency Club (TEAC) event, provides insights and trends in the Dubai residential market, predicting a gradual upturn in residential properties in ...

  Dubai / Emirates Business The latest Dubai Property Review Q3 2016 report by leading real estate consultancy Asteco has revealed increasing pressure is being placed on landlords as budget conscious tenants continue to place emphasis on downgrading to smaller units or relocating to cheaper communities to get better value for money. Apartments in Jumeirah Village Circle and Dubai Sports ...

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH) on Sunday announced the appointment of Talal Al Zain as Chief Executive Officer of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM). ADCorp is incorporated and subject to final regulatory approval, will be regulated by the ...

  Abu Dhabi / Emirates Business The Ministry of Finance (MoF), in collaboration with the International Monetary Fund (IMF), recently held a workshop on IMF Fiscal Monitor report which is published twice a year, on its premises in Dubai. The report analyses the latest public finance developments on an international level, the impact of the recession on several countries, in ...

  Dubai / WAM The Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), will launch a new retail initiative, the National Day Sale, on the joyous occasion of the country’s 45th National Day. The National Day Sale, from December 1-3, will feature participating malls and retail outlets offering shoppers mega discounts ...

  DUBAI / Reuters Shares of three of Abu Dhabi’s top lenders pulled back on Sunday after the banks denied they were in merger talks, while Saudi shares were hit by profit taking. Egypt’s stock market gained as foreign funds continued to accumulate blue chips. Abu Dhabi’s index dropped 1.7 percent as Union National Bank retreated 5.2 percent and Abu ...

  Bloomberg The global stock market’s biggest comeback story of 2016 isn’t over yet. So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20 percent from this year’s low. The $5 trillion market has outperformed all its developed-nation peers since late June, buoyed ...

  Washington / AFP With his shock victory in the race for the White House, President-elect Donald Trump at last is in position to deliver on one of his most strident campaign promises: to repeal Obamacare. With fellow Republicans in control of the US Congress, Trump has the means and ostensibly a mandate from his party to gut the law. But ...

  Seoul / AFP South Korean prosecutors said on Sunday that President Park Geun-Hye colluded with her close confidante in a corruption and influence-peddling scandal that has sparked massive nationwide protests and calls for her impeachment. Park’s longtime friend Choi Soon-Sil was charged on Sunday with coercion and abuse of power, as was one of the president’s former aides. Another presidential ...

  Paris / AFP France’s right-wing presidential hopefuls kick off their nominating contest on Sunday as a sudden tightening of the race cast doubt on ex-president Nicolas Sarkozy’s chances of regaining the Elysee Palace. A late surge by the third-placed Francois Fillon, who was prime minister under Sarkozy, catapulted him into pole position for the first-round primary vote. A voter survey ...