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 Millennium Dome, was put up for sale at the start of February it has attracted the lies of Tina Turner and will be...

Bulgaria’s Minister of Transport, Petar Mutafchiev, recently welcomed and announced new ferry services from the Black Sea port of Varna. The minister was in the port city to welcome the first of several new ferry lines that will help Bulgaria increase its international trade and services.   He welcomed railway cars from the new railway ferry that runs between Varna and Russia’s Port Kavka. While in...

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 next three years means...

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 domestic tourism in the coming year.   Minister Azalina Othman Said...

International property investors have had their eyes on Cape Verde for the past few years, with its tropical location, increased flights, foreign investment and tourism. The island nation off the west coast of North Africa has a number of positive aspects that have aided people who want to find a good place to invest or find a second home. The latest release of the annual Index of Economic Freedom provides...

Hong Kong became the most expensive city in which to rent office space in 2008, according to a new report issued by Cushman and Wakefield. It is the first time in nearly 10 years that Hong Kong sits in that spot, taking it over from London. Property consultant Cushman and Wakefield compared rents in 202 major cities across the globe to come up with its rankings.   Office rents rose an average of three...

Prices for houses in the UK are predicted to fall even more during 2009, according to the most recent report from Jones Lang LaSalle. The company’s Residential Market Forecast estimates that prices throughout the UK could fall on average 13-15% during the year, and the largest drops will be seen in London.   Jones Lang LaSalle is also predicting that prices may fall even more in the beginning of 2010...

In its latest research on the property market in Abu Dhabi, international real estate firm CB Richard Ellis notes that the supply for residential accommodation lags behind the demand. This comes despite the continuing economic slowdown hitting across the globe, which is also hitting the UAE. As a result of this, rents in Abu Dhabi have continued to rise consistently over the past 24 months.   The report...

The United States hotel company Best Western International is planning to open six new properties in Indonesia in 2009 and at least one more in 2010, according to the company. Best Western plans to open a total of 14 new hotels across Asia this year as part of its vision of having 200 hotels in the region by the end of 2010. Currently, there are over 130 Best Western properties in Asia.   The Best Western...

3/03/09-This Thursday sees the monthly interest rate decisions from the European Central Bank (ECB) and Bank of England’s Monetary Policy Committee (MPC). Analysts are expecting the MPC to cut UK rates by 0.5%, to a new record low of 0.5%. Usually, a lower interest rate means a weaker currency – and therefore a worse exchange rate if you need to send money overseas. However, the ECB are also...