Wasl to build new district for Expo 2020 hospitality staff

Wasl Asset Management Group (Wasl) is to build a new community in the Warsan district of Dubai which will be used to house hospitality staff. The firm said that the Warsan project, near International City, will house 26 buildings comprising a built-up area of 2.6 million square feet including 3,866 residential units. These will include

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This week in money

“Some of us are worried that consumers are going back into old habits, but the US consumer was in a much different position before the financial crisis and even before in the late 1990s.” Ryan Sweet, an economist with Moody’s Analytics on consumer debt concerns in the US Pessimism seeps into Canadian sentiment Canadians became

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Take our quick 20-question quiz on May's business news

Take our monthly biz quiz … before you totally forget all the interesting things that happened in May in the worlds of business and economics. Your brain will thank you for it. (The hardest question: No 13.) newslide 1. Starting May 5, some US McDonald’s patrons received newfangled utensils in which French fries acted as

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ENBD Reit buys Dubai's first purpose-built student block

A real estate investment trust (Reit) has bought the UAE’s first purpose-built student accommodation (PBSA) block in a deal worth Dh120 million. ENBD Reit, which was launched by Emirates NBD and listed on Nasdaq Dubai in March, said it had acquired the Uninest block in Dubai Academic City under a sale and leaseback agreement with

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Faithful + Gould to oversee Miral's Dh12bn Yas Bay project

Project management consultancy Faithful + Gould has been appointed to project manage Miral’s Dh12 billion Yas Bay master development. Yas Bay, which was announced earlier this month, is a 14-million-square foot site at the southern end of Yas Island. The master plan for the development includes a new pier and promenade, a 3.2m sq ft

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