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Saudi’s Sidra Capital acquires London office building for $121m - Dotemirates
1 week 13 hour

Saudi’s Sidra Capital acquires London office building for $121m

Saudi financial services firm Sidra Capital on Sunday announced its acquisition of an office building in central London for GBP94m ($121.4m) from Frogmore The freehold property, Weston House in High Holborn, spans seven floors and 89,000sqft. The Shariah-compliant firm said the deal expanded its assets under management in the UK to more than GBP600m ($775.2m), including GBP175m ($226.1m) this year alone. “This acquisition adds to Sidra Capital’s other large London holdings and complements our aggressive acquisition programme of long income value accretive properties across the UK,” said vice chairman Hani Baothman. “With Waitrose and Fitness First on the ground floor,...


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Business News

1 hour 27 minute

How retiree visa will boost UAE real estate

The UAE government's announcement for a five-year residency visa for retired expatriates aged 55 and over is expected to result in increased investment in the property sector. One of the visa requirements is for the expat to have an investment in a property worth Dh2 million. This is likely to see increased take-up of properties and maybe even the emergence of a new alternate asset class in the UAE - retirement communities.The earlier announcement of 10-year residency visa for certain professionals and investors as well as 100 per cent ownership of foreign companies are expected to give an additional boost...
1 hour 33 minute

Kavanaugh’s accuser calls for FBI investigation before her Senate testimony

The woman accusing Supreme Court nominee Brett Kavanaugh of sexual assault said Tuesday she wants the FBI to investigate her claims before the Senate holds hearings on the allegations, according to multiple reports. A lawyer for Christine Blasey Ford made the request in a letter to Sen. Chuck Grassley, R-Iowa, chairman of the Judiciary Committee, the New York Times said. “A full investigation by law enforcement officials will ensure that the crucial facts and witnesses in this matter are assessed in a non-partisan manner, and that the Committee is fully informed before conducting any hearing or making any decisions,” said...
1 hour 35 minute

SEC commissioner calls for more oversight of stock exchanges

A top securities regulator is calling for his agency to beef up its oversight of the nation’s stock exchanges to root out conflicts and curb rising fees that he says are harming investors. In a policy speech to be delivered Wednesday, Robert J. Jackson Jr., a Democratic commissioner at the Securities and Exchange Commission, will allege that the SEC has “stood on the sidelines” as the New York Stock Exchange, Nasdaq Inc. NDAQ, +1.09%   and other market operators have significantly boosted their profits while raising investors’ costs, according to a copy of his remarks. Jackson will call on the SEC...

1 hour 58 minute

Progress on gender equality has 'stalled', new advocacy group argues

By chief economics correspondent Emma Alberici By 1911, every state and federal jurisdiction had granted women suffrage. It wasn't until the 1970s that the federal parliament legislated equal pay for women. And, in the half a century since then, many believe further progress toward gender equality has stalled.Women still earn 23 per cent less than men, one-in-five women experience sexual violence after the age of 15, women retire with 42 per cent less superannuation than men and one-in-two women are discriminated against at work for being mothers. For three decades women have been graduating from university in larger numbers than...
1 hour 59 minute

Climate change, battery boom threatens life on the 'roof of the world' — the Tibetan Plateau

RN By Victoria Pengilley and Sasha Fegan for Late Night Live Climate change is sometimes discussed as a problem of the future, but on the "roof of the world", it has already arrived.The remote, icy plains of the Tibetan Plateau — the highest and largest plateau on the planet — cover a massive 25 per cent of China's landmass.It plays an important role — it contains the largest supply of fresh water outside the polar regions, and gives birth to some of Asia's most legendary rivers. From the Mekong and the Ganges to the Yangtze and the Yellow River, it...
3 hour 19 minute

Qantas mulls plane gyms as prepares for 20-hour flights

Australian airline Qantas has said it is considering putting gyms on the planes making its planned non-stop flights between London and Sydney.A bar, creche, sleeping areas and berths are also being considered for the 20 hour flight, it said.The airline wants to launch the service from 2022, and has asked Boeing and Airbus to suggest planes for the route.Chief executive Alan Joyce told the BBC's Today Programme he was confident there would be demand for the flight."Business traffic and general leisure customers would rather have the certainty of getting there direct, not having to stop, not having connections gone wrong,...