Abu Dhabi's 'game-changer' for property ownership, Russia's US election interference and more Abraaj changes
Hello from The National's newsroom in Abu Dhabi.
The Abu Dhabi government’s decision to allow foreigners to own freehold property in designated zones is a step in the right direction to put the capital’s property market on the global map, experts said. Foreign investors in the Abu Dhabi real-estate market were previously granted leasehold arrangements with a maximum 99-year time period, but the government on Wednesday amended the rule, a move aimed at supporting the capital’s real-estate market, boosting foreign direct investment and strengthening its economy.
A redacted version of Special Counsel Robert Mueller's report released yesterday concluded that Russia interfered in the 2016 US election with the aim of helping Donald Trump but there was no criminal conspiracy or co-ordination by the eventual winner or members of his campaign team.
British police arrested a third executive on charges related to the collapse of the Abraaj Group it has emerged, as the equity company’s founder was remanded in custody for a further week.
LOCAL The harmful effects of tobacco use are well known - and now a group of children have highlighted how it can be bad for the health of the planet too. Year Five and Six pupils from Kings' School Dubai teamed up with the Dubai marine conservation group Azraq and Dubai Municipality to collect a staggering 26kg of cigarette butts from Umm Sequim Beach.
BUSINESS The effects of trade restrictions imposed on Palestine by Israel have wrought "severe fiscal shock" on the economies of Gaza and the West Bank, a World Bank report said. Palestine's economy saw "no real growth" last year because of a standoff with Israel over tax collection and the implementation of the dual-use goods system.
WEEKEND ESSAY The calamitous fire that disfigured Notre-Dame cathedral on Monday has produced eloquent outpourings of grief from all over the world. But Paris has seen worse, much worse, says John Litchfield, in a not-uncritical hymn to a city he has called home for more than two decades.
SPORT Amir Khan says he has to be on his A-game to dethrone welterweight champ Terence Crawford. The 32-year-old Briton faces a formidable opponent in the unbeaten American, who will be defending his WBO belt at Madison Square Garden.
WEEKEND SUPPLEMENT: Nick Leech examines the ethics and politics of restoration in light of the fire at Notre-Dame Cathedral this week; we report on the little-known British influence on Vincent van Gogh's works, as a new exhibition opens at Tate Britain; and we step inside the world's biggest Lincoln showroom, which has opened in Dubai; and here are five of the coolest new products unveiled at Milan Design Week.
Updated: April 18, 2019 10:53 PM