Business Blog

Deyaar sells Texas land to reinvest in Dubai

Deyaar Development PJSC (Deyaar), a Dubai-listed master developer, today informed the Dubai Financial Market about the sale of its 5.98 acre land in Houston, Texas.

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European shares halt sell-off; Airbus rises

* FTSEurofirst 300 flat, Euro STOXX 50 down 0.07 pct * FTEU 300 set to snap longest run of weekly gains in 2 yrs * Euro STOXX 50 finds support on 50-day moving average * Buying convertibles seen good way to avoid pull-backs * Barclays halts sell-off sparked by U.S. dark pool lawsuit By Blaise Robinson PARIS, June 27 (Reuters) - European stocks were steady aroun
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Abu Dhabi shop rents nearly quadruple after 5% cap removal

Abu Dhabi's landlords appear to have run amok as they stampede to demand a sharp increase in shop rents, with the rent of some shops nearly quadrupling.

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"Pearl of Dubai" world's largest underwater tourism site

Reef Worlds, a Los Angeles-based reef developer, is designing the world's largest sustainable underwater tourism site in Dubai, the company announced.

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GLOBAL MARKETS-European shares head for first weekly drop since April

* European shares inch up, but Iraq concerns, data weigh * Most Asian markets in the red as U.S. growth outlook in spotlight * U.S. 10-year yield near 3-week low, German yield near 1-year trough * Canadian dollar at 6-month high following inflation surprise By Marc Jones LONDON, June 27 (Reuters) - Concerns about Iraq and Ukraine and subdued economic data left Eu
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Rolls-Royce, Airbus help European shares higher

* FTSEurofirst 300 up 0.2 pct * Engine deal helps Rolls and Airbus * European equities still set to snap weekly winning run * Barclays bounces after lawsuit falls By Alistair Smout EDINBURGH, June 27 (Reuters) - European shares edged higher...
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