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JLL REIT Acquires Luxury Apartments in Suburban Portland

JLL Income Property Trust announced the acquisition of Creekview Crossing, a 183-unit apartment community located in the suburban Portland market of Sherwood, Oregon. The purchase price was approximately $61 million

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Only 6% Banks Ready for Large-scale AI Transformation

The 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking Report, published today, reveals 80% of retail bank executives believe that generative AI represents a significant leap in

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Indian Bankers to Get Higher Salary Hikes

Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year, underscoring how firms are tapping the nation’s economic boom as

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China Technology Giant Xiaomi Starts Electric Car Sales

Chinese technology giant Xiaomi says it will start deliveries of its first electric vehicle (EV) this month – its first ever foray into the competitive automotive industry. The car’s price

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FUD Launches O|Kardia with $61Million Investment

Four U Development (FUD), a subsidiary of Al Batal Real Estate Investment Group, has launched O|Kardia, a mixed-use project in New Obour City, with a total investment of EGP 3

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RERA’s Updated Index Likely to Impact Rents

The Real Estate Regulatory Authority (RERA) index for Dubai has been updated and is likely to impact tenants who have been living in properties for over two years, an expert

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Vietnam’s Automobile Sales Plummet in February

The Vietnam Automobile Manufacturers’ Association (VAMA) announced that its members sold a total of 30,876 units during January – February, plunging 23% from the same time last year. Meanwhile, the

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European Online Retailer Zalando Takes on More B2B E-commerce

Zalando, one of Germany’s biggest online retailers, wants to jumpstart its flat business by branching out into B2B. The company recorded no change in its gross merchandise volume (GMV) and

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Ukraine to Receive $18 Million Grant for Education

Ukraine will receive $18 million from Education Cannot Wait, a UNICEF-hosted fund, to provide educational support to children affected by the war, Ukraine’s Education Minister Oksen Lisovyi announced in a

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Canada to Restrict Study Permits of International Students

Canada plans to issue approximately 292,000 study permits for college and undergraduate international students in 2024, as per the recent revelations by Canada’s Immigration Minister, Marc Miller. In an attempt

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