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Insolvency case cripples Kochi smart city functioning, Real Estate News, ET RealEstate

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KOCHI: An insolvency case filed by a private firm against smart city has almost stalled major functions of the smart city, including the conduct of its director board meeting. Though the SmartCity authorities informed the National Company Law Appellate Tribunal (NCLAT) that they would settle the dispute through reconciliation, they couldn’t successfully furnish the details[…]

Key Dem questions Trump sons on Dubai deal

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The top Democrat on the Senate Foreign Relations Committee is requesting President Trump’s two oldest sons turn over information on a deal with a Chinese state-owned company, questioning if it violates an agreement aimed at avoiding conflicts of interest.     “Since it appears that the contract would benefit a Trump Organization property, it may[…]

Decobuild 2017 to be held in Dubai later this month

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Four day event to focus on housing and building materials Abu Dhabi: Mohammad Bin Rashid Housing Establishment (MRHE) is organising the Housing, Building Materials, Decoration and Engineering Consultancy Exhibition Decobuild 2017 from October 18 to 21, according to a statement on Thursday. Several federal and local government agencies related to the field of housing, as[…]

Indians spent $112 mn in buying property overseas

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Indians invested USD 112 million last fiscal to buy immovable properties abroad, up nearly 60 times from 2005-06, says a report released by Knight Frank India and the International Real Estate Expo (IREX). It said property overseas became affordable in 2016-17 due to the strengthening of the rupee compared to the previous fiscal when buyers[…]

Dubai’s new ‘city’ all set to welcome residents

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Khalifa Al Zafein (left) and Mohammad Al Awadi during a press conference to announce the contracting partner for The Pulse Residential Project in Dubai on Wednesday. Dubai: The first handovers of freehold homes in Dubai South — the “city within a city” — is set to roll before the year end, with up to 800[…]

Dubai master-developer gets to have a say in school fees

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Dubai South will insist that schools and hospitals operating there subscribe to certain rate structures Dubai There is one thing that Dubai South wants to be at any cost — affordable. And that’s why it will even prescribe the likely range of fees at its future schools and tariffs at the hospitals. “We have suggested[…]

Dubai becomes first government to launch state cryptocurrency

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Dubai has officially launched its own cryptocurrency named emCash, according to the state news agency. The government partnered with Emcredit, a subsidiary of the government-backed development agency Dubai Economy, and the UK-based Object Tech, to  establish contactless payment. That makes Dubai the first government to launch its own state cryptocurrency. Other nations are considering a[…]