Dubai real estate brokers scooped US$190m windfall
Dubai - Arabstoday
Dubai real estate agents made a total of AED700m (US$190m) in commission last year, according to figures announced by the Real Estate Regulatory Authority (RERA) on Wednesday. Real estate brokers generally receive one percent of the deal value as a commission on successfully sealed deals, unless parties agree otherwise, RERA said. According to official figures, AED34bn (US$9.2bn) worth of sale of land, villas, residential units, such as apartments and hotel apartments, and offices in freehold areas were made in 2011, the report said. Average salaries of real estate professionals in the Middle East fell slightly to AED37,965 per month (US$10,335), compared to last year\'s figure of AED38,351 per month, according to the results of a study published in September by Macdonald & Company, the property recruitment company.
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France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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