Studies and reports

Belgium’s center for cybersecurity has found no evidence that telecoms equipment supplied by Huawei Technology could be used for spying.

The agency, which reports to the Belgian prime minister, had been tasked with analyzing the possible threat posed by Huawei, which supplies equipment to Belgian mobile operators Proximus, Orange Belgium and Telenet.

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 29 March 2019 on the results of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the Offer) in which the Offer was declared unconditional and the Post-Closing Acceptance Period was announced. Terms not defined in this press release will have the meaning as set forth in the Offer Document.

Allsopp & Allsopp’s Quarter 1 (Q1) of 2019 has seen a rise in buyer and tenant registration against a backdrop continued reports of oversupply in the Dubai property market. Buyer registration is up by 20% with sales transactions experiencing an 18% increase. Tenant registration is up considerably at 55% with rental transactions seeing an extensive 75% increase. The population of Dubai is continuing to grow, according to the Dubai Statistics Center the city has seen a 6.5% rise since March 2018 putting the population up to 3.1 million. This rise in population is slowly but surely matching the property supply and we are seeing this with the rise in buyer and tenant registrations.

Global equity markets closed the week on a negative note as investors turn cautious ahead of the start of the earnings season. The export data from China and the progress in talks between the US and China have eased some of the fears of slowing global growth during the week.

Director of Dubai Customs Ahmed Mahboob Musabih applauded the great acheivements of Dubai Customs in Q1 2019, which came in fulfilment of the emirate’s overall vision in general and the 50-Year Charter and the Eight Principles of Governance in particular. The organization has scored best on the “Leadership in Government Services Index”.