Community management bodies send out circulars listing ‘security measures before travel’
Union Properties said on Monday that its board of directors had recommended increasing the cap on how much foreign investors can own in the developer to 25 per cent.
The firm did not say from what level it was raising the limit in its statement to the Dubai stock exchange. Foreigners currently own 4.35 per cent of the company, according to bourse data.
It is the latest move by companies in the UAE and Qatar to raise their limits on foreign ownership ahead of the upgrading of their countries to emerging market status by index provider MSCI in May. The move is expected to bring in significant amounts of new international capital.
Compiled from agencies
Community management bodies send out circulars listing ‘security measures before travel’
Humidity is expected to range between 10 per cent and 75 per cent today
Imagine a firm acting like a strict parent, setting all the rules and watching the clock
Customising sessions to meet each patient's needs is essential to successful music therapy
Learners just need to bring their own goggles, swimsuit, water – and most importantly the determination to learn, and willingness to clean the beach
Omar Al Marzouqi and cyclist Safiya Al Sayegh were the flag-bearers for the UAE at the opening ceremony
For the first time in Olympic history, the opening ceremony is taking place outside the main stadium
In a social media post, the Ministry of Foreign Affairs urged its citizens to exercise necessary precautions