Business Blog

Economic outlook for 2015

In this special edition of Counting the Cost, we look at the biggest business stories to watch in 2015.

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Dubai developer offers 'affordable' housing to UAE residents

Danube Properties, the real estate arm of Dubai-based Danube Group, says it is committed to offer "affordable" housing to UAE residents, primarily aiming to convert renters into homeowners.

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Muted secondary market in Dubai demand for off-plan units

While last two months of 2014 saw an unexpected pickup in secondary market deals, it was more or less flat in the off-plan space.

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UPDATE 1-Turkey's Bank Asya to sell Tamweel Africa Holding stake

(Adds quotes from bank, details, background) By Ebru Tuncay ISTANBUL, Jan 9 (Reuters) - Turkey's Bank Asya ASYAB.IS , which suffered a run on deposits last year after it became embroiled in a political feud, said it was selling its 40 percent stake...

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GLOBAL MARKETS-European shares, dollar, oil dip ahead of payrolls

* European bourses dip, Wall Street expected to open lower* Dec U.S. non-farm payrolls seen showing addition of 240,000 jobs* Euro inches off 9-year lows against the dollar* Oil begins to slide againBy Marc JonesLONDON, Jan 9 (Reuters) - More weak data from Europe ensured shares worldwide were set to end their first full week of 2015 in the red on Friday, while both the dollar and oil prices dippe
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GLOBAL MARKETS-Dollar, shares improve after bullish U.S. payrolls

* By Patrick Graham LONDON, Jan 9 (Reuters) - U.S. and European stock markets trimmed losses after slightly better than expected U.S. jobs figures on Friday, but indices of world shares still looked set to end their first full week of 2015 in the red....
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