Author: Arabian Media staff
Bravo legend Andy Cohen has found a buyer for his one-of-a-kind New York City condo. Source link
Image: Supplied Binghatti Holding, the Dubai-based real estate developer, has acquired a freehold land plot with more than 8 million square feet of gross floor area to develop its first large-scale master-planned residential community, the company said on Wednesday. The anticipated value of the development exceeds Dhs25bn($6.8bn), positioning it among the largest single-site residential projects in the emirate. The land is located in Nad Al Sheba 1, within Dubai’s Meydan district, an area historically linked with equestrian heritage and the former Nad Al Sheba Racecourse. “The acquisition of a mega plot for what is expected to be our first master-planned…
More than four months after the devastating California wildfires, the former reality TV stars are still living in a rental, and say they don’t have enough money to rebuild. Source link
“We have $40,000 in credit-card debt, two financed vehicles with $100,000 in debt combined.” Source link
There’s a looming crunch for U.S. assets that are dependent on foreign investors — who may wait until next year to act, a strategist says. Source link
It turns out, the more people are chattering on social media, the worse future stock-market returns will be. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starling bank’s profits fell by more than a quarter last year as the digital bank set aside £28mn to cover potential compliance issues on its Covid-19 government-backed loans and it was fined for lax financial crime controls. The neobank on Wednesday said its profit before tax fell to £223mn in the year to the end of March, down from £301mn in the previous 12 months, on a 4.7 per cent rise in revenues. It said its earnings were hit by a £29mn…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Christine Lagarde has discussed cutting short her term as European Central Bank president to become chair of the World Economic Forum, according to WEF founder Klaus Schwab.Schwab, who left the WEF last month in the wake of misconduct allegations he denies, said that practical arrangements — such as an apartment in Switzerland — had been made for Lagarde to take over the organisation before her tenure at the ECB ends in 2027.Any move by Lagarde to accelerate her departure from the ECB…
UAE startups in the artificial intelligence (AI) sector are the latest top picks for venture capitalists (VCs) and private equities (PEs), who are pumping in top dollars into such ventures, betting big on the active governmental support to the sector and the current buzz on the sector globally, investment experts said. Growth-stage ventures in the health and fintech sectors are among the other preferred options for both regional and global investors. The region is also attracting higher levels of funding on the back of the rising influx of entrepreneurs and global talents amidst increased availability of “capital looking for a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French cognac maker Rémy Cointreau has named Franck Marilly as its chief executive as the business navigates a global downturn in alcohol sales and trade tensions between its two biggest markets, China and the US.Marilly will work with outgoing chief executive Eric Vallat to ensure a smooth transition before taking over on June 25, the company said on Wednesday. Rémy Cointreau announced Vallat’s departure last month after five years in the role. Marilly has held a number of senior roles in the luxury…