Business Blog

TOKYO, June 26 (Reuters) - Japan's Nikkei rose marginally on Thursday, crawling back from a one-week low as weak U.S. gross domestic product data supported by views that the U.S. Federal Reserve will keep interest rates low for longer. Rakuten...

Katara Hospitality, the Qatar-based global owner, developer and operator of iconic hotels, has yesterday confirmed the acquisition of five properties in key European cities from a private investor.

The Public Works Authority -- Ashghal -- in collaboration with IBM is introducing a new advanced technology to enhance the efficiency of operations, maintenance and management of road networks and systems.

Off-plan projects with property values seen as being accessible are finding no dearth of buyers in Dubai. The Danube Group’s first venture into real estate development, a cluster of 171 town houses in the Al Furjan community being built for Dh500 million, was sold out on the first day itself.

Now that Nakheel has clear the debt it amassed before the global financial crisis, the company said it is free to focus on the future.

Abu Dhabi-based real estate developer Tamouh Investments, which is responsible for developing 60% of the Reem Island’s master plan, signed a working capital facility with Mashreq Bank. The funding aims to ensure sufficient cash flow for Tamouh’s working capital requirements.