option investing

Zenath Real Estate to develop AED 2 billion worth of Hotel ...

In line with its strategic growth and expansion strategy, Zenath Real Estate, one of UAE's leading property development companies and a part of the Khalid Abdullah Al Ghurair Group, has announced the launch of a string of new hotel, residential and commercial projects in the UAE worth AED 2 billion.

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expatriate brokerage

Interest rates pushed up to 5.5%

Homeowners were dealt more mortgage pain today after the Bank of England raised interest rates to their highest point in six years.

The Bank's Monetary Policy Committee (MPC) hiked its base rate from 5.25% to 5.5%, the fourth quarter-point rise since August.

The move had been widely expected after inflation hit 3.1% in March, forcing the Bank's Governor to write an explanatory letter to the Chancellor for the first time.

The increase is likely to add an estimated £16 a month to the average mortgage bill for households with a typical £100,000 mortgage.

Economist Philip Shaw at Investec Securities said: "The quarter-point increase is no surprise and comes against a background of rising inflationary pressure. We expect a further increase to come, to take base rates to 5.75%."

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investing club

Raje hard sells Rajasthan as investment destination

Jaipur, May 14: Rajasthan Chief Minister Vasundhara Raje haS promoted Rajasthan as an investment friendly destination to the business community in the United Arab Emerates. The Chief Minister who is on an eight-day visit to the UAE and the United States said to the business community in the UAE that Rajasthan was the most peaceful, investment friendly destination offering good infrastructure for industry. Ms Raje said this during the inauguration of the India Festival 2007. She said the pro active policy intervention by the BJP government in the last three years have made a turnaround in the pace development in the state. ''The government have accorded the highest priority to the creation of sustainable livlehoods to the weaker sections and at the same time put in place mechanisms for investors to participate in creating a better and brighter Rajasthan''.