23 Feb 2026

Pakistan and the United States have signed a memorandum of understanding to jointly redevelop New York's Roosevelt Hotel, enabling Islamabad to unlock value from one of its most significant overseas assets. The century-old property, owned by Pakistan International Airlines, has remained closed since 2020 and is now being positioned for redevelopment rather than an outright sale. The move aligns with Pakistan's broader programme of restructuring and privatising state-owned assets under its IMF-backed economic reform agenda. The agreement also reflects a broader effort to deepen economic engagement between Islamabad and Washington, as Pakistan seeks foreign investment and strategic partnerships to stabilise its economy and monetise underutilised assets abroad.Read more

23 Feb 2026

Alphabet's Google and Sea Ltd have formed a strategic partnership to develop artificial intelligence tools for Shopee and Garena. The companies will explore building an AI agentic shopping prototype for Shopee, Southeast Asia's leading e-commerce platform with a 52% market share in 2024. The initiative aims to move beyond basic search, enabling AI systems to handle complex, multi-step shopping tasks. In gaming, Google and Garena will deploy AI to improve content creation and development efficiency. The collaboration deepens earlier ties between the firms and highlights the growing integration of AI across Southeast Asia's fast-expanding e-commerce and digital gaming markets.Read more

23 Feb 2026

Road King Infrastructure Ltd informed stock exchanges that the winding up application filed against New Select has been adjourned. The matter will now be heard on March 16. The company disclosed the update in a regulatory filing, without sharing further details on the grounds of the petition. Road King, listed in Hong Kong, continues to update investors on legal proceedings as part of its compliance requirements. The development comes amid ongoing scrutiny of corporate legal matters in the property and infrastructure space.Read more

23 Feb 2026

Invitation Homes, the largest U.S. single-family rental home REIT, has forecast 2026 core adjusted funds from operations (FFO) between $1.60 and $1.68 per share, below Wall Street estimates. The company cited rising operating, maintenance and insurance costs in an inflationary environment as key pressures on margins. Fourth-quarter adjusted FFO stood at 41 cents per share, while revenue rose 4% year-on-year to $685.3 million, supported by steady rental demand. Same-store renewal rents increased 4.2%, with blended rental growth at 1.8%. The outlook highlights ongoing cost challenges for U.S. residential real estate investment trusts despite resilient rental housing demand.Read more

23 Feb 2026

The White House has proposed restricting investors who own more than 100 single-family homes from purchasing additional properties, according to a report by The Wall Street Journal. The proposal, shared with congressional committee leaders, is expected to be introduced as part of a Senate housing bill currently under negotiation. While exemptions have been suggested for investors involved in building or substantially renovating rental homes, the move forms part of a broader effort by President Donald Trump's administration to address housing affordability and limit competition between institutional investors and individual buyers.Read more

22 Feb 2026

A residential project in Business Bay has underscored the importance of timely delivery as construction costs across Dubai continue to climb. Century Tower, a 23-storey development comprising 210 apartments, has completed handovers two months ahead of schedule a notable achievement in a market facing inflationary pressures and supply chain constraints. Developed by AMBS Real Estate Development and marketed by f&m Properties, the project demonstrates how early construction mobilisation and disciplined planning can mitigate rising costs. With material prices forecast to increase further in 2026, industry leaders stress that immediate execution and contractor selection are critical to maintaining profitability and buyer confidence in Dubai's competitive off-plan sector.Read more

22 Feb 2026

British buyers have emerged as the leading international purchasers of Spanish property, accounting for 7.93% of all foreign home acquisitions in Q4 2025, according to Registradores de Espaa. The data highlights the enduring appeal of Spain among UK nationals, particularly in Andalusia, which represents 20.03% of the country's total property market. Industry experts at Taylor Wimpey Espaa report growing demand for newly built golf properties, as lifestyle shifts towards hybrid working and phased retirement reshape buying motivations. With strong tourism-driven investment and well-established resort infrastructure, Andalusia's golf communities are increasingly viewed not only as second-home destinations but also as viable long-term residences for British purchasers.Read more

22 Feb 2026

The number of UK nationals living in Portugal has nearly trebled over the past decade, reflecting a structural shift in how Portugal is perceived by British movers. Data from Portuguese immigration authorities shows the resident UK population rising from 16,559 in 2014 to 48,238 by 2024. Over the same period, more than 12,000 people have attended the Moving to Portugal Shows, organised by the Portuguese Chamber of Commerce in the UK, underscoring sustained interest in relocation. While early demand was driven largely by second-home buyers and retirees, recent years have seen a marked move towards permanent relocation, family settlement and working residents. Changing tax regimes, post-Brexit residency rules and the growth of remote working have reshaped both location preferences and property choices, with visas and taxation emerging as the primary concerns among prospective movers attending the latest events.Read more

21 Feb 2026

British fashion retailer Debenhams has raised about 40 million through an oversubscribed share placement, exceeding its initial million target. The company, formerly Boohoo Group, issued 222.2 million new shares at 18 pence each, generating net proceeds of 38.7 million. The fundraise is aimed at strengthening liquidity and improving its capital structure as part of an ongoing turnaround strategy. Debenhams is working to cut costs, manage debt and address supply chain pressures amid subdued consumer demand. The additional capital is expected to provide financial flexibility as the retailer restructures operations and stabilises its position in the competitive UK fashion market.Read more

21 Feb 2026

Dubai's luxury residential market is entering a new phase, with health-conscious construction emerging as a key differentiator among premium developers. At the forefront of this shift is Keturah, which has committed AED 200 million toward advanced building materials at Keturah Reserve, its AED 5.7 billion bio-living community in Mohammed Bin Rashid City's District 7. The investment includes proprietary antimicrobial tiling, breathable wall systems and zero-VOC finishes designed specifically for the Gulf's hot and humid climate. Backed by recent peer-reviewed research on indoor air quality in Dubai homes, the move reflects growing awareness that conventional construction materials may underperform in extreme weather conditions. Industry leaders believe such climate-engineered solutions will redefine luxury standards, with indoor environmental quality becoming as important as design and location.Read more