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When will the Pound recover? Yesterday saw another sharp fall in the value of sterling – losing over 2% of its value against both the Euro and US Dollar.   The million dollar question for anyone needing to make international bank transfers is – when will the Pound recover?   The problems manifested in sterling’s […]

The world’s premier real estate summit is set to open in Cannes, France on March 10. MIPIM runs through the 13th of March and is an annual gathering of developers, public agencies, world leaders and real estate executives. So far, organizers have indicated that some 18,000 people are registered to attend the fair. There are

The European Central Bank (ECB) followed the Bank of England and recently announced a half a percent interest rate cut. The Bank is attempting to help the economy of Europe and the EU with its fifth cut in the last six months. The base interest rate now stands at 1.5 percent, a record low.  

The first two months of 2009 have seen the tourism sector in Brazil experience a substantial increase, thanks in part to increased domestic travel. The Brazilian Tourism Ministry estimated that revenue in the tourism sector grew 20 percent in the first two months of the year.   Hotel occupancy was up 23 percent for the

The 02 Millennium Dome is up for grabs at what is believed to be a knock down price of a cool £35 million. The Dome which is now home to the London’s best concerts has gone from strength to strength since 02 took over the giant riverside building. According to reports in The Telegraph the

Ivanka Trump, daughter of US real estate mogul Donald Trump and executive vice president of development and acquisitions for the Trump Organization, has good things to say about Panama. The 70-story Panama City Trump Ocean Club is scheduled to open in 2010 with a combination of condominiums, a hotel, restaurants, retail stores and a casino,

Dubai-based property developer Memon Investments predicts that the UAE real estate market will bounce back in the next 8-12 months. The developer is part of the Memon Group of Companies, and is basing its prediction on industry findings that show a decline in construction costs.   Industry analysts have noted that there has been a

New home sales in Australia were up nearly nine percent in January, mostly due to first time buyers. The most recent report from the Housing Industry Association (HIA) indicated that the sale of new, detached houses rose in January by 8.3 percent, while all detached home sales were up 9.8 percent for the month. For

The Malaysia Tourism Ministry is expecting some 20 million tourists for all of 2009, which is a 9.3 percent drop from the 2008 figure of 22.05 million. The total includes both domestic and international travelers and represents the effects of the worldwide economic slowdown. Due to that situation, the Ministry expects to focus more on

The African Development Bank (ADB) recently announced that it was providing US$287 million in funding over the next three years to Cape Verde. This investment will go towards developing the country’s infrastructure, according to an announcement from Cape Verde’s ambassador to Portugal, Arnadlo Andrade.   “The ADB’s announcement of a US$287 million programme for the