Penthouse at Sydney Tower Breaks Record with $26-M Sale

Penthouse at Sydney Tower Breaks Record with $26-M Sale






Penthouse at Sydney Tower Breaks Record with $26-M Sale Unidentified buyer purchases 4-bedroom apartment at Opera Residences Sales of Sydney’s 20-story, yet-to-be-built luxury development Opera Residences have reportedly kicked off with a record. The four-bedroom penthouse was purchased for A$26-M (US$19-M), an Australian record for an apartment, according to Domain Australia. The unidentified buyer, a […]






Iran is open for business, what does it mean for GCC companies?

Iran is open for business, what does it mean for GCC companies?






Iran is open for business, what does it mean for GCC companies? In January this year, senior diplomats from around the world formally announced the lifting of sanctions against Iran. In principle this put a definitive end to 37 years of various degrees of sanctions imposed on the country. Boardrooms of global Fortune 500 companies […]






Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development

Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development






Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development $DIS Four new luxury hotels are planned, a larger Convention Center, plus updated infrastructure is tied to the planned ‘Star Wars’ Land. Anaheim, California real estate developer-friendly and $6-B in recent investment, much of which is derived from Disney’s upcoming Stars Wars Land. The $6-B includes […]






Singaporean Businessmen Vow to Boost Trade, Investment in Myanmar

Singaporean Businessmen Vow to Boost Trade, Investment in Myanmar






Singaporean Businessmen Vow to Boost Trade, Investment in Myanmar Singaporean businessmen in Myanmar have vowed to boost trade and investment of the county, official media reported Wednesday. The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and 47 Singaporean businessmen jointly made a business dialogue and networking session over the last 2 […]






Iran Starts Construction on 2nd Nuclear Power Plant

Iran Starts Construction on 2nd Nuclear Power Plant






Iran Starts Construction on 2nd Nuclear Power Plant Iran began building its 2nd nuclear power plant with Russian help Saturday, the 1st such project since last year’s landmark nuclear deal with world powers. The project in the southern port city of Bushehr will eventually include two power plants expected to go online in 10 years. […]






There is ‘Gloom & Doom’ in the Eurozone Business Sector

There is ‘Gloom & Doom’ in the Eurozone Business Sector






There is ‘Gloom & Doom’ in the Eurozone Business Sector While the Eurozone economy has proved resilient to multiple uncertainties such as Brexit, Key business surveys in Europe’s 2 biggest economies, Germany and France has poured a bucket of cold water on the rising optimism. The Ifo Business Climate Index, which is a highly-regarded early […]






Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans






Kuwait Scraps Nuclear Power Plans Ministry says alternative sources are more cost effective   Kuwait’s Ministry of Electricity and Water has reportedly scrapped plans to build a nuclear power plant citing cost concerns. The country had planned to obtain a licence for the project from the United Nations. Kuwait Times reports that the ministry decided […]






China Construction Bank Corporation(HKG:0939) HEFFX Outlook

China Construction Bank Corporation(HKG:0939) HEFFX Outlook






China Construction Bank Corporation(HKG:0939) HEFFX Outlook HEFFX Notes China Construction Bank Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 5.41. The projected upper bound is: 6.02. The […]






Kuwait Plans Smart, Environmentally Friendly City

Kuwait Plans Smart, Environmentally Friendly City






Kuwait Plans Smart, Environmentally Friendly City South Saad Al-Abdullah City has been designed to accommodate 400,000 people  Kuwait has unveiled plans for what is claimed to be the 1st smart, environmentally friendly city in the Middle East. South Saad Al-Abdullah City has been designed to accommodate 400,000 people over an area of 59 sqk with […]






The Week Ahead on Wall Street

The Week Ahead on Wall Street






The Week Ahead on Wall Street $PFE, $PG Earnings season continues with 119 S&P 500 companies reporting. Included in this group are DJIA components Pfizer Inc. (NYSE:PFE) and Proctor & Gamble Co. (NYSE:PG), which will both report Tuesday. Economic Reports The week’s 1st economic reports to Wall Street will be the July purchasing manager’s manufacturing index (PMI), the […]






Dubai Business Conditions Improved in June

Dubai Business Conditions Improved in June






Dubai Business Conditions Improved in June The Emirate saw the fastest rise in new work since March 2015, according to the Emirates NBD index  Dubai’s private sector posted stronger growth in June, mainly due to improving business conditions in the travel and tourism and wholesale and retail sectors, according to the monthly Emirates NBD index. […]






US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing

US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing






US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5% from April, according to Dodge Data & Analytics. Much of the growth came from the nonbuilding construction sector (public works and electric utilities), which was lifted […]






Offshore Buyers Drive Canadian Home Prices Higher or Are They

Offshore Buyers Drive Canadian Home Prices Higher or Are They






Offshore Buyers Drive Canadian Home Prices Higher or Are They With house prices up by double digits in Canada’s Toronto and Vancouver areas, offshore buyers, mainly from China, have fueled public concerns over whether they are inching the Canadians’ home-ownership dream further out of reach. These concerns have been dismissed by local economists, who say […]






The Week Ahead on Wall Street

The Week Ahead on Wall Street






The Week Ahead on Wall Street $MDT, $KORS, $AVGO The US financial markets were closed Monday for Memorial Day. This week only 3 members of the S&P 500 will report Q-1 earnings to Wall Street as this season is winding down, they are: Medtronic (NYSE:MDT) Tuesday, Michael Kors Holdings (NYSE:KORS) Wednesday and Broadcom (NASDAQ:AVGO) on Thursday. Economic Reports […]






Philippines Seeing Strong Domestic Demand

Philippines Seeing Strong Domestic Demand






Philippines Seeing Strong Domestic Demand Continued demand for capital and consumer goods drove imports growth of 11.7% in March this year, the National Economic and Development Authority (NEDA) said this week. The agency reported that imports reached US$6.4-B from 5.7-B in the same frame last year. “This is on account of higher purchases of capital […]






Donald Trump “Channels” FDR with New Deal Approach

Donald Trump “Channels” FDR with New Deal Approach






Donald Trump “Channels” FDR with New Deal Approach Donald Trump is set on fixing the USA’s crumbling infrastructure “channeling” FDR’s New Deal. Donald Trump’s plan to repair the United States’ aging/crumbling  infrastructure, which includes roads, bridges, tunnels, and the power grid could end up moving him a bit to the left, because of the massive […]






Warner Bros To Open Mega Theme Park In Abu Dhabi

Warner Bros To Open Mega Theme Park In Abu Dhabi






Warner Bros To Open Mega Theme Park In Abu Dhabi $TWX The $1-B park at Yas Island is scheduled to open in Y 2018 Abu Dhabi will soon open a new $1-B Warner Bros, a unit of Time Warner (NYSE:TWX) themed destination, it was announced Tuesday. Located on Yas Island, the development will include a […]