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An economy on autopilot

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The Maltese economy has been performing well in the last few years, and the good performance is expected to persist for the coming few years. The government may think it has discovered the elixir of long-term economic well-being and feels tempted to put the steering of the economy on autopilot. The EU’s autumn economic forecast[…]

Dubai property broker posts record-breaking sales so far in 2019

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Gulf Sotheby’s International Realty posts $220m sales, boosted by huge land deal in La Mer, Dubai Dubai-based Gulf Sotheby’s International Realty, a franchise of the world’s largest luxury realty, has announced a record-breaking AED810 million ($220 million) in sales for the first three quarters of 2019. The 15 percent increase from the same period last[…]

Dubai Is Building Too Many Malls

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(Bloomberg) — A desert city of gleaming skyscrapers and wealthy foreigners accustomed to packed, air-conditioned shopping malls, Dubai has developed an unexpected problem in recent years: empty storefronts. This 1,600-square-mile oasis of commerce has dozens of malls where visitors can shop while keeping cool. The fancier ones boast marble corridors lined with luxury retailers and[…]

Dubai’s Mall-Building Binge | News & Analysis

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DUBAI, United Arab Emirates — A desert city of gleaming skyscrapers and wealthy foreigners accustomed to packed, air-conditioned shopping malls, Dubai has developed an unexpected problem in recent years: empty storefronts. This 1,600-square-mile oasis of commerce has dozens of malls where visitors can shop while keeping cool. The fancier ones boast marble corridors lined with[…]

Bank jobs go as HSBC and Emirates NBD reduce costs

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CHONGQING: The 2,000 residents of Muhe, whose village was moved to higher ground a decade ago to escape the rising Yangtze river, have tried to make the most of their remaining land by planting orchards of oranges and persimmons along its banks. With just 110 hectares on the edge of Asia’s longest river, Muhe lost[…]

Emaar Development records Dh2b plus profit in Dubai

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Emaar Development recorded slight dips in nine-month net profit and revenues — at Dh2.07 billion and Dh9.62 billion — from a year ago. Image Credit: Gulf News Archive Dubai: Emaar Development recorded slight dips in nine-month net profit and revenues — at Dh2.07 billion and Dh9.62 billion — from a year ago. The corresponding numbers[…]