Art in real estate: building homes for the mid-market
Design-led, value-for-money property needed in the market, says Muhammad Binghatti
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Du sees Q1 profits drop by 12%, revenue too hit
Company cited continued pressure on voice revenues, one-off benefit in 2018
UAE Banks Federation announces new board
The new board will serve for the next three years from May 2019 to April 2022
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DIB shares surge, Saudi mid-cap attractive
Valuation discount between large cap and mid-cap stocks is at 30 per cent
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Business
Huge Dubai Exhibition Centre to open next year
45,000 square metre space will also house a theatre and auditorium
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Energy
Adnoc signs long-term agreement with IndianOil
Abu Dhabi company to supply its high-quality base oil ADbase to Indian market
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Higher oil erases India equity gain on economy
The benchmark S&P BSE Sensex declined 0.2 percent to 38,564.88
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Templeton sees more emerging-market gains
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Gulf Capital closes Dh500m credit facility
Abu Dhabi based firm to continue investments across Middle East
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Twitter tops estimates on revenue, user count
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Energy
Investments in energy in Mena estimated at $1tr
Saudi Arabia has largest committed and planned investments followed by UAE and Kuwait
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Markets
SABB, Sipchem get nod to raise capital
SABB plans to increase capital to 20b riyals by issuing 554m shares
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Aviation
Jet Airways rivals muscle in on territory
While carrier awaits potential investors, rivals are aggressively going after its assets
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Analysis
Weapons needed to fight next recession war
The worry would be that central bankers have already used up much in the last one
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Creating ground for community-based banking
Even in the US, such initiatives have clicked when done with precision
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Markets
TikTok: India ban causing $500,000 daily loss
Company says six million download requests not fulfilled after India ban
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Business
Hong Kong real estate scion doesn't own a house
Shih took over running Centaline at the start of this year when he was named vice-chairman
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Analysis
Germans not keen on carrying EU’s bad debts
That’s why efforts to pool individual sovereign debts into a single one is a nonstarter
