Emaar, whose buildings dot the Dubai skyline, booked a 21% rise in revenue in the first half of the year, despite a slump in new property sales. The developer attributed the 42% dip in new sales to fewer launches compared to last year. Data from the wider market tells a ...
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DP World taps into higher demand in Western EuropeDP World taps into higher demand in Western Europe
DP World is expanding in Western Europe, as demand grows for specialized warehousing and more routes during a fragile time for global supply chains. The Dubai-owned logistics giant plans to build a logistics hub in the Port of Antwerp, set to cost up to €100 million ($116 million), focused on ...
UAE establishes mandatory pet register as ownership soarsUAE establishes mandatory pet register as ownership soars
Soaring pet ownership has left Abu Dhabi trying to get a tighter leash on the issue. Its solution: mandatory pet registration. A grace period for databasing dachshunds and dalmatians ended earlier this year and failure to register a prize pooch with the Department of Municipalities and Transport can now cost ...
Africa’s dealmakers bet on IPO waveAfrica’s dealmakers bet on IPO wave
The News Africa’s dealmakers are betting that the continent’s capital markets are entering a new phase, with a burst of IPO and M&A activity kicking off with Aliko Dangote’s anticipated $5 billion listing of his refinery on the Nigerian Exchange. “The Dangote IPO has got everyone very excited,” Yemisi Deji-Bejide, ...
South Africa’s DA sets sights on financial capitalSouth Africa’s DA sets sights on financial capital
The News The Democratic Alliance promised an end to political appointments in public administration as the second-largest party in South Africa’s ruling coalition aims to capture the country’s economic heartland in upcoming local government elections. The polls represent the first major electoral test for Cape Town Mayor Geordin Hill-Lewis, who ...
Trump is still searching for a way out of IranTrump is still searching for a way out of Iran
President Donald Trump is struggling to find a way out of the conflict with Iran, as voters lose patience with the war and weapons stockpiles dwindle. The path forward remains unclear, even as Trump has privately weighed dropping his long-held requirement for a nuclear deal. Washington is unlikely to accept ...
Republicans punt Trump’s difficult agenda to fallRepublicans punt Trump’s difficult agenda to fall
Senate Republicans put off the most challenging part of President Donald Trump’s agenda until mid-September — just ahead of the midterms, when legislating becomes increasingly difficult. Nevertheless, that’s when Senate Majority Leader John Thune will try to consider bipartisan bills on cryptocurrency regulation and college sports, and possibly take the ...
Trump takes his second swing at Fed’s CookTrump takes his second swing at Fed’s Cook
The Supreme Court left the door open in June for President Donald Trump to relitigate his case against Federal Reserve Governor Lisa Cook. Now, his administration is choosing to walk through it. In a letter reported first by ABC News, White House deputy chief of staff Dan Scavino gave Cook ...
Apple tests Chinese memory chipsApple tests Chinese memory chips
Apple is testing memory chips from China’s CXMT across its product lines, including iPhones and MacBooks, The Wall Street Journal reported, as global tech reckons with an AI-induced memory shortage. The firm is reportedly seeking the White House’s approval to use CXMT chips in products sold in China, two months ...
Blanche confirmed as attorney generalBlanche confirmed as attorney general
The US Senate confirmed Todd Blanche as attorney general Saturday, granting Donald Trump an ally to lead the Justice Department as the president seeks greater control over the federal government. Blanche, Trump’s former personal attorney, has served as acting attorney general since April, but senators had questioned whether his ties ...