Blackstone real estate investment trust’s success lures global funds to India

Mumbai: Blackstone-backed real estate investment trust’s successful India trading debut has left global funds including Japan’s NikkoAM-StraitsTrading Asia wanting a piece of the action. Eastspring Investments, North Carolina Fund, and Sentry Global are among names looking to invest in the instrument that bets on India’s rent-yielding real estate, said Shobhit Agarwal, managing director at Anarock […]

No medical insurance hikes in Dubai

Dubai: Insurance companies have not given any indication they are considering hiking medical premium rates for Dubai residents, according to a top official at Dubai Health Insurance Corp (DHIC). And “nor have insurance premiums increased year-on-year”, said Saleh Al Hashimi, CEO, which oversees all the processes related to medical insurance coverage in the emirate. “We […]

Hamdan hails Dubai’s rise in investment rankings

Dubai: The Dubai FDI results in 2019 have continued to achieve distinct growth rates, making Dubai among the top three investment destinations in the world, said Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council. This is was made possible thanks to the vision of His […]

Airbnb announces plans to go public in 2020

NEW YORK: Internet home stay company Airbnb said Thursday it plans to make its stock market debut next year but offered few details. Launched in 2008, the company is considered a “unicorn,” or a startup valued at more than $1 billion even before its initial public offering and has disrupted the hotel and travel industry. […]

California job growth was healthy in August

Los Angeles: California’s record job expansion accelerated in August across broad sectors of the economy and unemployment remained low as the state weathered the challenges of slowing global growth. Employers added 34,000 positions last month — the 114th month that payrolls grew and the longest expansion in state record-keeping, state officials reported. Since the post-recession […]