September 20, 2021
  • 10:13 am Bank of Ireland sees losses surge
  • 10:13 am Retail sales up faster than forecast
  • 10:12 am Investors attack Mecom
  • 10:12 am Hedge funds lost out in August after stocks fell
  • 10:10 am Diageo says Europe is weak

first_img Deutsche Boerse banks on upper hand in merger whatsapp Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap DEUTSCHE Boerse will have the upper hand in the planned mega-merger deal with NYSE Euronext, the exchange operators’ chief executive told a paper, as fears that the German firm will lose power linger.The proposed $10.2bn (£6.2bn) takeover of NYSE Euronext by Deutsche Boerse unveiled last month would leave Boerse’s shareholders with 60 per cent of the combined entity, but analysts have cautioned that the company may end up with less power. NYSE Euronext Chief Executive Duncan Niederauer told NYSE staff the deal was a “merger of two great companies, not a sale or an acquisition”.In an interview with German business daily Handelsblatt, to be published today, Deutsche Boerse Chief Executive Reto Francioni said the high market capitalisation “puts us (Deutsche Boerse) in a position to do this deal the way we envisage it.” Sunday 6 March 2011 10:24 pm KCS-content Show Comments ▼ whatsapp Tags: NULLlast_img read more

READ MORE

first_img “This Stock Could Be Like Buying Amazon in 1997” Roland Head | Tuesday, 28th January, 2020 Forget gold! Here’s how I’d invest £5k today The gold price recently broke through the $1,550/oz. level. The yellow metal is now trading at the highest level seen since 2013. Over the last year alone, gold has risen by almost 23%.By contrast, the FTSE 100 has gained just 11% over the same period.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Faced with these numbers, you might conclude that gold is likely to be a more profitable investment than the stock market.I’m not sure that’s true. Today I want to explain why I believe the stock market is still the most reliable way to make money with limited amounts of cash.Why I don’t own goldThe gold price has performed well over the last year. But take a longer view and the picture isn’t quite so bright. Over the last 10 years, the FTSE 100 has risen by more than 40%. The price of gold has only climbed about 35%.That may not seem like a big difference, but it doesn’t include the dividends paid by the FTSE 100 each year. Over a 10-year period, these add up to a tidy sum.I estimate that the FTSE 100 dividend yield has averaged about 3.8% each year over the last 10 years. That’s an extra 38%, in addition to the 40% price gain delivered by the index.Added together, investors in a FTSE 100 tracker fund have probably seen a total return of 75% to 80% over the last decade.During the same period, gold investors have got just 35%. Worse still, they’ve received no income and have probably had to pay annual fees for storage or ETF management.This is the main reason why I don’t own gold. I don’t really care if my investment is under water from time to time. That can happen in the stock market, but gold never grows and it never generates any income. It’s not a productive asset.I prefer to own shares, mostly dividend stocks. They represent a stake in real businesses that generate cash, profits and can grow. When dividends are included, I’d always back the stock market to outperform gold over long periods.Cheap and tax freeIf you’ve got £5k to invest and would like to get started in the stock market, then I’d suggest a couple of options.The cheapest and simplest is probably to open a tax-free Stocks and Shares ISA and use it to put your cash into a FTSE 100 tracker fund.The long-term average annual return from the UK stock market is about 8%. My sums suggest that £5,000 invested in this way today could be worth £23,300 in 20 years, or £50,300 in 30 years’ time.If you’d like to aim higher and try to beat the market over the long term, then investing in individual stocks might be the best approach. With £5,000, your options are slightly more limited.In my opinion, the minimum viable investment in a single stock is £500. Any less than this and I think trading costs and fees will eat up too much of your cash. Investing £500 per stock would enable you to build up a portfolio of 10 handpicked stocks.If you’re interested in investing and willing to do some research, then this is probably the option I’d choose. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Enter Your Email Address Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares See all posts by Roland Headlast_img read more

READ MORE

first_img Stepping down: Outgoing Australia CEO Raelene Castle (Getty Images) Pre-resignation: “He (Rennie) will come here regardless of where I sit”.— Christy Doran (@ChristypDoran) April 23, 2020In a statement provided to ABC, Castle said: “I love rugby on every level and I will always love the code and the people I have had the honour of working with since I took this role. I made it clear to the board that I would stand up and take the flack and do everything possible to serve everyone’s best interests. Outgoing Rugby Australia CEO Raelene Castle on incoming Wallabies coach Dave Rennie on ABC 7:30. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Raelene Castle resigns as Rugby Australia CEOAfter a period of sustained pressure, Rugby Australia boss Raelene Castle has stepped down from her position as Chief Executive.Castle resigned after the RA board made it clear on Thursday afternoon that the CEO no longer had the support of the group. It has not been an easy few years for rugby union Down Under.It made global headlines when earlier in the week a number of former Wallabies skipper sent a letter to the RA board, demanding a change of administration, stating that the sport had “lost its way.” Among the 11 co-signatories were Nick Farr-Jones and Phil Kearns, who have both been touted as potential replacements for Castle.There have been other rocky moments for the Australians during the last few years. The main topics of discussion at the moment are the sport’s precarious finances and the uncertainty over deals for broadcasting rights and the imapct of coronavirus-enforced shut-downs. “In the last couple of hours, it has been made clear to me that the board believes my no longer being CEO would help give them the clear air they believe they need. The game is bigger than any one individual – so this evening I told the Chair that I would resign from the role.CLICK HERE TO FIND OUT HOW TO DOWNLOAD THE DIGITAL EDITION OF RUGBY WORLD MAGAZINEcenter_img The Rugby Australia boss had been under enormous pressure of late Hugely disappointing. Rugby across the world is struggling and the only fall person just happens to be the most senior woman in the game.The coorindated campaign against her by a group of men offering no solutions felt wrong on so many counts. What a shame. https://t.co/kpEbqdSkmM— Scrumqueens – Women’s Rugby (@ScrumQueens) April 23, 2020We witnessed the drawn-out legal fight with former star player Israel Folau, after the full-back posted religious messages on his social media account that generated controversy and opposed the union’s, and sport’s, stated values. There was also talk of a fall-out with former Wallabies coach Michael Cheika and the team’s most recent Rugby World Cup performance came in for scrutiny.However, Castle’s supporters have pointed out that the executive inherited a large number of problems and in the meantime has overseen a bolstering of the nation’s junior sides, and it looks as if Australia have a strong chance at securing the hosting rights for the 2027 World Cup. And Castle had made some impressive hires for the new Wallabies coaching set-up, led by highly-rated Kiwi boss Dave Rennie. “I will do whatever is needed to ensure an orderly handover. I wish the code and everyone who loves rugby nothing but the best and I would like to thank the people I work with and the broader rugby community for their enormous support.”The biggest question the Rugby Australia board now face is: who will replace her? There may be an internal selection process, from within the board; there is the push for Farr-Jones or Kearns; they may seek some outside influence.There is also the small matter of the election for the next World Rugby chairman, with an electronic vote held next week and results shared on 12 May.Australia get three votes, as they have three spots on the World Rugby council. Castle held one spot alongside Paul McLean and Brett Robinson. It is yet to be clarified what will happen with RA’s third spot, following Castle’s call.Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door. Follow Rugby World on Facebook, Instagram and Twitter.last_img read more

READ MORE

first_img 1 COMMENT LEAVE A REPLY Cancel reply Reply UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Public Natural Gas Week is October 1st thru the 7thFrom the Lake Apopka Natural Gas DistrictMore than 5 million homes and businesses throughout the United States use natural gas provided by public natural gas utilities – and with good reason.  Natural gas is highly reliable, available in abundance, environmentally friendly and very efficient.  Whether it’s used for cooking, heating and hot water in the home or in larger quantities for agricultural and industrial applications, natural gas is always there when you need it, and at a price that helps to lower energy bills.In early October, the public is invited to learn more about the benefits of natural gas during Lake Apopka Natural Gas District’s celebration of Public Natural Gas Week.  Since 1959, the District has provided safe, reliable and cost-effective natural gas to a customer base that has grown to more than 20,000.Public Natural Gas Week is an annual, nationwide event dedicated to building awareness of the value of having a community-owned natural gas distribution system and the wealth of benefits offered to consumers of natural gas.Lake Apopka Natural Gas District customers, as well as other members of the community, are invited to stop by any of the District’s three offices at 1320 Winter Garden-Vineland Road, Winter Garden, 38 N. Park Avenue, Apopka, or 676 W. Montrose Street, Clermont, from October 2-6, 2017, to enjoy refreshments, learn more about natural gas service and cost benefits of natural gas appliances, and take home a complimentary 2018 natural gas-themed calendar.Public natural gas utilities include municipal gas distribution systems, public utility districts, county districts and other public agencies that have natural gas distribution facilities.  As public gas systems are owned by the community and avoid stockholder pressure, customers are provided competitive costs and the assurance that local dollars stay at home.Public gas systems play a valuable role in helping communities broaden their tax base to benefit local economies and create jobs.  And, as public gas systems are controlled locally, they are better able to focus on customer service.  By maintaining close ties and relationships with the communities they serve, public gas systems have their finger on the pulse of their customers and, as a result, are able to successfully meet their needs.Nowhere is that more true than in Apopka, Winter Garden, Clermont and surrounding communities, where the Lake Apopka Natural Gas District has, for years, not only provided natural gas service, but also engaged in community events and partnerships.The Lake Apopka Natural Gas District, which has been honored with the SOAR Silver Award by the American Public Gas Association for excellence in operations, is committed to providing its customers with reliable and safe natural gas all year long.To learn more, visit a Lake Apopka Natural Gas District office during Public Natural Gas Week, call the District’s marketing team at (407) 656-2734 ext. 307 or email [email protected] Share on Facebook Tweet on Twitter Florida gas prices jump 12 cents; most expensive since 2014 Mama Mia Save my name, email, and website in this browser for the next time I comment.center_img September 28, 2017 at 11:18 pm TAGSLake Apopka Natural Gas DistrictPublic Natural Gas Week Previous articleStaff continues to keep Orange County on the road to recoveryNext articleBreaking News: Theresa Mott confirms she’s running for City Commission Denise Connell RELATED ARTICLESMORE FROM AUTHOR Please enter your comment! Please enter your name here I learned what knocked the power off to a certain subdivision in Maitland. A man showed up at a recent Maitland city council meeting and stated that every time a squirrel passes gas in their subdivision, their power in the subdivision goes off………..hahahahahahaha Thanks man, now I know all I need to know about natural gas, and the real culprit as to why the power is offline in Florida-duh. You have entered an incorrect email address! Please enter your email address here Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom last_img read more

READ MORE

first_img Stone House / Vo Trong Nghia Architects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/301751/stone-house-vo-trong-nghia-architects Clipboard ArchDaily Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/301751/stone-house-vo-trong-nghia-architects Clipboard Photographs:  Hiroyuki OkiText description provided by the architects. This torus-shaped stone house is located in a quiet residential quarter beside the way to Ha Long Bay from Hanoi. A rising green roof and walls composed of subdued color stones in dark blue create a landscape, which stands out in the new residential area. Save this picture!© Hiroyuki OkiThe rooms surround the oval courtyard, making a colony-like relationship with each other. Circulating flow runs around the courtyard and continues to the green roof, connecting all places in the house. This courtyard and green roof compose a sequential garden, which creates a rich relationship between inside and outside of the house. Residents discover the changes of the seasons and realize their wealthy life with the nature, thanks to this sequential garden.Save this picture!© Hiroyuki OkiTo create a wall with smooth curvature, cubic stones with 10cm thickness are carefully stacked. Consequently, the wall performs the play of light and shadow. Massive and meticulous texture of the wall generates a cave-like space, which recalls the image of a primitive house. Save this picture!© Hiroyuki OkiThe family with 2 young children has been enjoying their living in the house. They sense each other and deepen their communication, rounding and rounding in the house.Save this picture!PlanProject gallerySee allShow lessAviary, Bioparque Temaikén / Hampton+Rivoira+ArquitectosArticlesUNBUILT HELSINKI at the Museum of Finnish ArchitectureArticles Share Stone House / Vo Trong Nghia ArchitectsSave this projectSaveStone House / Vo Trong Nghia Architects “COPY” Save this picture!© Hiroyuki Oki+ 21 Share CopyHouses•Hon Cay, “COPY” 2011 Photographs Architects: VTN Architects Year Completion year of this architecture project Year:  CopyAbout this officeVTN ArchitectsOfficeFollowProductsWoodStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesDabasHon CayWoodHouses3D ModelingPublished on December 04, 2012Cite: “Stone House / Vo Trong Nghia Architects” 04 Dec 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Alloy: Nordic BrassWindowsVitrocsaMinimalist Window – GuillotineGlassLAMILUXGlass Roof PR60 PassivhausSinksBradley Corporation USASinks – Verge LVG-SeriesSealantsSikaConstruction Solutions in Stavros FoundationShower TraysAcquabellaShower Tray – Focus BetonPatios / TerracesFranken-SchotterPatios and TerracesCeramicsTerrealTerracotta cladding in Le TrèfleSkylightsFAKROWooden pivot roof windows FYP-V proSkySynthetics / AsphaltFirestone Building ProductsRoofing System – RubberGard EPDMMore products »Read commentsSave想阅读文章的中文版本吗?石头房子 / Vo Trong Nghia Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Projectslast_img read more

READ MORE

first_imgHaitian textile workers on strike for higher wages, better working conditions, access to social services.For the past few years, workers in Haiti’s textile sector have been struggling to raise their minimum wage from 350 gourdes (currently about $4.75) to 800 gourdes (about $12.50) a day and to have the eight-hour day respected by employers.Haiti is one of the poorest countries in the world, according to U.N. statistics. Less than 30 percent of Haitians have a regular job, relying on catch-as-catch -can to survive. Still, inspired by May Day, workers in Port-au-Prince’s Sonapi Industrial Park, Carrefour neighborhood, at the airport, and joined by workers in the Caracol Industrial Park in northeast Haiti, walked out repeatedly in May under the leadership of their unions.Even though police attacked the strikes, and the bosses and the political establishment, including President ­Jovenel Moïse, soundly condemned them, the bosses felt that enough wasn’t being done. Lost ­production cost them millions.In an attempt to defuse the situation, President Moïse appointed a new council to study the minimum wage issue, with both union and bosses’ representatives included.That still was not enough for the bosses. They fired 47 leaders of the job actions in Port-au-Prince and 15 leaders at Caracol. These workers were from a coalition of independent labor unions, GOSSTRA/CTSP, which represent textile workers and are associated with Batay Ouvriye (Workers Struggle), which fights for workers’ rights.A letter signed by André Apaid, an owner of Interamerican Wovens SA, a textile company with 1,500 employees, justified the firings by claiming the actions of the union leaders forced the workers to go out. It ignored the real and substantial support for these strikes. Apaid was a leader of the Group of 184 which financed the 2004 coup against Jean-Bertrand Aristide.The role of the United States in all these maneuvers and manipulations is not always obvious. It’s well known that these factories produce for large U.S. companies, such as Levi Jeans and Fruit of the Loom. But programs that give such factories special tax and customs benefits in the U.S. market, and the earlier U.S. State Department opposition to raising the minimum wage, are not well known at all.In 2008, Congress passed a generous, duty-free trade bill called HOPE II. And the U.S. Agency for International Development provided technical assistance and training programs to Haitian textile companies to help them take advantage of the new legislation and low-cost manufacturing for companies like Levi Jeans.In 2011, Haiti Liberté, based on secret U.S. Embassy cables provided by WikiLeaks, was able to establish that “The U.S. Embassy in Haiti worked closely with factory owners contracted by Levi’s, Hanes, and Fruit of the Loom to aggressively block a paltry minimum wage increase for Haitian assembly zone workers.”Haitian workers must fight not only their own bosses and politicians, but the U.S. foreign policy establishment as well.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

READ MORE

first_img News October 12, 2018 Find out more Cuba and its Decree Law 370: annihilating freedom of expression on the Internet to go further News News May 6, 2020 Find out more New press freedom predators elected to UN Human Rights Council RSF_en Follow the news on Cuba CubaAmericas Welcome to CubaHave you chosen Cuba because of the charm of its population, its dreamy beaches, its rum and its fast-paced rhythms? You should know where you are going! Behind the picture postcard clichés, the sun doesn’t shine for everyone in the land of the Revolution. “Che” is nowadays just an icon used by the authorities to legitimise repression. Seventy-five dissidents, including nearly 30 journalists, were arrested at the end of March 2003 and sentenced to long prison terms. Their crime? Thinking differently from the government. As a result, Cuba has become the world’s biggest prison for journalists.These government opponents, poets, journalists and human rights activists are held in Havana, Ciego de Avila, Camagüey, Holguín and Santiago de Cuba. If you visit these towns, don’t forget those who are not enjoying the sun inside their prison cells.Reporters Without Borders will also conduct a poster campaign with the same picture as part of the drive to make the French public aware of the serious human rights situation in Cuba. A total of 1,100 posters of 40 cm x 60 cm in size will be displayed in Paris from 8 to 22 July by the Art Vision network.Designed by the Rampazzo agency, the poster aims to tell people that behind the myth of the Cuban revolution, which still draws many tourists, there is a totalitarian regime that uses “Che” as an icon to legitimise repression. The poster also suggests that a myth that fed the dreams of an entire generation in the 1960s has become what that generation hated: a police state. RSF and Fundamedios welcome US asylum ruling in favor of Cuban journalist Serafin Moran Santiago Picture postcards drawing attention to human rights violations in Cuba were distributed to tourists bound for Havana in front of the counter of the Cuban state airline, Cubana de Aviación, at Charles de Gaulle airport in Paris today, the start of the holiday season in France.Reporters Without Borders handed out the cards as the first step in a broad public awareness campaign targeted at the French population, above all at the 120,000 French tourists who choose Cuba as a holiday destination each year, drawn by the sun, beaches and mythical appeal of its bearded revolutionaries.The picture on the postcard recalls the famous May 1968 poster showing a riot policeman with a truncheon in one hand and a shield in the other, but the face has been replaced by Ernesto Che Guevara’s. The caption says: “Welcome to Cuba, the world’s biggest prison for journalists.” The text on the back urges the tourists to take an interest in Cuba that goes deeper than “the picture postcard clichés.” News October 15, 2020 Find out more Help by sharing this information CubaAmericas June 30, 2003 – Updated on January 20, 2016 Launch of public awareness campaign Organisation Receive email alertslast_img read more

READ MORE

first_imgAudioHomepage BannerNews News, Sport and Obituaries on Monday May 24th FT Report: Derry City 2 St Pats 2 Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR A start date for the long campaigned for Muff to Buncrana bus route has been confirmed.The service will run on a three day week basis commencing July 2nd.The tender for the service was issued in April following a meeting held by local Councillor Jack Murray last year.He is hopeful that this initial limited service can be extended:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/06/murraghjghjghjyweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Previous articleAnother Quigley victory will be springboard to bigger fightsNext articleMeeting to be held on imminent closure of Kilcar Post Office News Highland Twitter By News Highland – June 15, 2019 WhatsApp Google+center_img Pinterest Journey home will be easier – Paul Hegarty Google+ Twitter Harps come back to win in Waterford Pinterest Derry draw with Pats: Higgins & Thomson Reaction DL Debate – 24/05/21 Facebook Start date confirmed for long awaited Muff to Buncrana bus routelast_img read more

READ MORE

first_img Comments are closed. Related posts: Features list 2021 – submitting content to Personnel TodayOn this page you will find details of how to submit content to Personnel Today. We do not publish a… How it differs from HR officer roles… In day-to-day practice, the titles of HR officer and HR adviser tend to be used interchangeably. Where employers differentiate between the two tends to be around the skills, personality and experience needed.What you will need to succeed… Possessing a robust personality, you will be CIPD-qualified or studying towards the final section of the CIPD qualification. This is a generalist role, but you will need to have a particular interest in, and experience of, employment law, as much of the activity in manufacturing is around absence management and disciplinary and grievance issues. In more progressive organisations, where a business partner approach is adopted, individuals will coach and develop managers through the processes.What differentiates this from HR adviser roles in other industries… The culture – many manufacturing facilities operate a 24-7 production line and require HR to be flexible in its approach to meet business needs.What is involved… You will provide day-to-day support and advice on site policies and procedures – for example, the correct implementation of disciplinary procedures. You will also ensure appropriate procedural steps are followed, control the recruitment process and identify and deliver training for managers and the workforce.Prospects … The generalist nature of the role leaves opportunities open in other sectors and industries, while experience gained within manufacturing confers an advantage for moving within the industry (such as an HR manager role), where sector specific experience can be vital.www.hays.com/hrcenter_img What can I earn as an HR adviser (manufacturing) in the South West?On 21 Feb 2006 in Manufacturing, Personnel Today Previous Article Next Articlelast_img read more

READ MORE

first_imgGulf Islamic Investments Chairman H.E. Mohammed Rashed Alnasri with Paris’ Altais Towers. (GII, Reichen Et Robert & Associés)Gulf Islamic Investments has closed its biggest ever real estate transaction, paying $301 million for the Altais Towers in Paris.The firm bought the towers from a consortium of funds managed by Oaktree Capital Management. The United Arab Emirates-based firm is making a push into Europe, according to Bloomberg.GII said it has deals in the works in the United Kingdom and Germany. The firm aims to expand its assets under management from about $2.5 billion to roughly $3 billion by the end of the year. The firm plans to launch its second India-focused fund in the second quarter.GII was founded in 2004 and focuses on alternative investments, including real estate and venture capital. It considers itself a Shariah-compliant fund, meaning that it follows Shariah law requirements in operation and in its investments.Shariah-compliant funds each operate differently, but generally they stay away from businesses considered haram, such as liquor manufacturing and gambling.Income is also heavily regulated. For example, short-selling is problematic in most cases, according to PricewaterhouseCoopers. Interest is generally considered to be forbidden under Shariah law, so some compliant funds will donate that income to charity.In mid-2019, GII bought Realogy’s New Jersey corporate headquarters for $115 million, making it the largest commercial real estate deal in the tri-state area that year.[Bloomberg] — Dennis Lynch Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink EuropeUAE Tagslast_img read more

READ MORE