In a letter detailing the new fund, Norfolk Southern CEO Alan Shaw agreed to establish the fund now rather than waiting for the completion of ongoing litigation.
Dubai real estate: $2.5bn of property deals this week, $41m Burj Khalifa apartment sold
The Dubai real estate sector recorded 3,112 property transactions, valued at AED9.396bn ($2.56bn) this week, according to the Land Department. The Land Department said that 170 plots were sold for …
Radisson Hotel Group opens its first Radisson hotel in Baku, Azerbaijan
Radisson Hotel Group announces the opening of its first Radisson-branded hotel, Radisson Hotel Baku, following an extensive renovation and re-branding of the existing Park Inn by …
Jasim Ahmed, 78: Engineer who oversaw top bridge project in Bangladesh
Jasim Ahmed was 13 years old when his father died, leaving him, as the eldest son, to look after his six siblings as well as run the family public transport bu …
Cyclone Mocha likely to intensify as ‘extremely severe’ storm as it approaches Bangladesh, Myanmar
Cyclone Mocha will reportedly intensify into a severe cyclonic storm on Sunday, May 14, as it approaches Bangladesh and Myanmar. The storm is presently located over the Bay of Bengal, about 600 …
Pakistan Army’s image takes beating as crowds ransack military property
The optics of Army installations being targeted or military officers homes being ransacked did no favour to the PTI. If rumours are to be believed, there is a chance the party may face a `ban` though …
Imran Khan blames Pakistan army chief General Asim Munir for his ‘abduction’
The Pakistan Tehreek-e-Insaf (PTI … responding to his critics who were blaming him for violent protests and damage to private and public property during the countrywide agitation. Imran Khan was …
India’s SEBI to regulate platforms offering fractional ownership of real estate assets
The Securities and Exchange Board of India (SEBI) has proposed regulating all online platform that offer fractional ownership of real estate assets, in a bid to provide protection to small investors.
Hong Kong tycoon Joseph Lau’s eldest son, Lau Ming-wai, puts two houses on The Peak on sale for almost HK$1 billion (US$127.5 million)
The younger Lau, chairman of Hong Kong-listed developer Chinese Estates Holdings, has appointed Centaline Property Agency to market houses A and D at 31 Barker Road, according to documents seen by the …
Purported land sale in Armenian Quarter will damage Christian presence in Jerusalem
The deal was signed in July of that year. In October, 12 Armenian priests in Jerusalem signed a statement condemning the sale and alleging that it was done illegally since it was not ratified by the …