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Mid East Info
24-06-2025
- Business
- Mid East Info
American Property Exhibition (APEX) 2025 will take UAE developers to the US$110.83 trillion US real estate market
Organised in partnership with Dubai Land Department, APEX 2025 will be held at the Miami Convention Centre from September 15-17, 2025 where UAE developers could network with more than 3,000 visitors, buyers, investors and brokers News Highlights: 1. UAE to invest up to US1.4 trillion in the US economy in the next 10 years; 2. Foreigners bought 54,300 properties, worth US$42 billion in the US from April 2023 through March 2024; 3. The US real estate market value is project at US$110.83 trillion in 2025; 4. Major UAE developers are planning to develop properties across major US cities. UAE developers are eyeing the lucrative US$110.83 trillion real estate market in the United States while more than 100 real estate exhibitors from 15 countries including UAE are going to participate at the 2nd edition of America Property Exhibition, Summit and Gala Awards that will take place at the Miami Convention Centre from September 15-17, 2025. Organised by MIE Events, an international events organiser, and supported by Dubai Land Department, the 2nd America Property Exhibition (APEX) will see major UAE real estate developers; brokers and investors participate in the three-day event that will also focus on the cross-border investment in real estate and construction sector worldwide. The APEX takes place a few months after the UAE's recent announcement of investment outlay of US$1.4 trillion in US economy in the next ten years in various sectors like AI infrastructure, semiconductors, energy, housing and American manufacturing. 'The total value of the U.S. housing market is approaching US$50 trillion, having added $3.1 trillion in value over the past year. This represents a 6.6 percent rise compared to June 2023 and is more than double the value of a decade ago. Residential real estate is expected to be the dominant segment of the US real estate market, with a projected market volume of US$110.83 trillion in 2025,' said a recent report by Statista, a global market intelligence provider. Foreign investment in U.S. real estate surpassed US$1.2 trillion in the last 15 years, according to a report published by The Regulatory Review. Foreign buyers purchased 54,300 properties, worth US$42 billion from April 2023 through March 2024, according to the US National Association of Realtors (NAR). Foreign buyers who resided in the U.S. as recent immigrants or who were holding visas that allowed them to live in the U.S. purchased US$22.6 billion worth of U.S. existing homes, representing 54 percent of the dollar volume of purchases. Foreign buyers who lived abroad purchased US$19.4 billion worth of existing homes, accounting for 46 percent of the dollar volume. International buyers accounted for 2 percent of the US$2.1 trillion in total annual US existing-home sales during that period. Florida remained the top destination for foreign buyers, accounting for 20 percent of all international purchases. Texas (13%) and California (11%) were second and third, respectively, followed by Arizona (5%), Georgia, New Jersey, New York and North Carolina (4% each), NAR said. Inventory in Miami-Dade County, which includes one of the most expensive metro markets in Florida and the country, rose by over 43 percent in April compared to the same month a year earlier, according to data from Miami Realtors. This surge in for-sale homes could be a telltale sign of an impending cooldown in Miami-Dade's housing market, even as prices continue to rise in the county at a rate five times faster than the national level, according to Redfin data. Americans are one of the top ten foreign investors in the UAE's real estate market. APEX will attract more US investors and property buyers to buy properties in the UAE. APEX 2025 takes place at a time when several UAE developers have announced major foray in expanding into the US market, with a focus on developing homes, offices, mixed-use communities and data centers. Damac Group is investing heavily in US data centers, while IGO, MAG Group, Mulk Holding, Dar Global and Sobha Realty are targeting the luxury real estate sector, in different parts of the United States, especially in Texas. Sobha Realty has earlier announced developing 8 to 10 projects in the United States. Most successful UAE and GCC developers will also see their officials win prestigious awards that will be announced after rigorous judging process to be overseen by panel of esteemed judges. More than 3,000 professional realtors are expected to attend the three-day event in which more than 100 global real estate projects will be showcased where 150 experts and speakers will offer their insights and more than 100 VIP buyers will attend to invest in the projects that will be showcased at the APEX 2025 Exhibition and Conference. 'APEX is designed to be the leading international real estate platform in the U.S., promoting global investment, innovation, and partnerships in the property sector and we are delighted to announce the dates for the 2nd APEX this September, following our successful first edition held last year,' Zahoor Ahmed, Vice-President for Strategy and Partnerships at MIE Events, says. 'We are also happy to announce our partnership with the Dubai Land Department which has lent its strong support to the event that is expected to attract investment from the North American markets to the UAE's property market in the coming years. This way, APEX is going to play a crucial role in strengthening the US-UAE economic partnership.' Participants at the APEX includes global and regional real estate developers, government authorities and land departments, investors, brokers, and consultants, PropTech and ClimateTech companies, ambassadors, ministries, trade bodies, etc. Exhibitors and delegations from at least 15 countries will participate. Confirmed country pavilions include the UAE, Pakistan, Turkey, Ghana, Egypt, Portugal, Morocco, India, Kenya, OECS, and Hong Kong. 'We encourage all participants to apply early and submit complete documentation and visa purposes. Our team is ready to assist further as needed, including trying to fast-track visa application and appointment process through our partners in the United States,' Zahoor Ahmed says. The 3-day APEX Summit agenda covers a number of important topics including Miami market outlook, Africa-focused YORA Summit, smart cities, and youth innovation, PropTech, AI, and sustainable development, Global investment flows and multi-family real estate,, among other important issues. The APEX Awards programme will recognise leadership and innovation in a number of criteria. To qualify, exhibitors must have at least a 24 square metres exhibition stand. Final nominations close on July 31, 2025. The final jury panel members will include representatives from leading real estate entities and key institutions such as the Dubai Land Department (DLD). APEX is officially supported by the Office of the Mayor of Miami Beach, Greater Miami Convention and Visitors Bureau, City of Miami, which will provide crucial support to international event organisers, participants in administration and fast-tracking of the visa appointment process. About APEX 2025: America Property Exhibition (APEX) 2025 is a major business event that brings investors, real estate developers and brokers from all over the world to network, promote, invest and showcase the best-in-class properties in different parts of the world while addressing industry issues of utmost importance are being discussed for policy advocacy and a gala industry awards ceremony that recognizes the best performers in real estate industry. APEX is more than just an exhibition, it's a platform for international property leaders, investors, and innovators to connect, promote projects, and explore market trends. With its strategic location in Miami and strong global participation, APEX offers unmatched visibility and networking opportunities.
West Australian
23-06-2025
- Business
- West Australian
THE ECONOMIST: The world's best investors aren't who you'd expect
If finance has a single rule, it is that arbitrage should keep prices in line. If they do stray from fundamentals, so the argument goes, savvy investors should step in to correct them. All good in theory. In practice, less so. Markets can be swept by sentiment, detaching valuations from fundamentals. Economists have surgically documented persistent distortions. Purely mechanical flows, for instance, move markets even when they are known to investors in advance and unrelated to earnings prospects. When a stock is added to an index, its price inflates. Predictable dividend reinvestments also push up prices. Why does this happen? And who, in time, might correct the market? Ask on Wall Street for the identity of such arbitrageurs, and you get the usual suspects. Hedge funds and quant shops, armed with analysts and algorithms, are the most natural candidates. The industry has ballooned from overseeing $US1.4 to $US4.5 trillion ($2.2t to $7t) in assets over the past decade, and is well positioned to spot mispricings. Others suggest short-sellers, ever alert to signs of froth, or retail investors, now keen dip-buyers. One candidate gets mentioned rather less often: staid corporates. Such businesses are normally seen as passive capital-raisers, not active market participants and certainly not market disciplinarians. Even though they can act on perceived mispricings, firms typically focus more on expanding their own business than on searching for alpha. Bosses have operational backgrounds. They are more fluent in capital spending than capital markets. And when financial officers do wade into the market — to issue or buy back shares, for example — valuation is just one of many considerations, alongside avoiding taxes, ensuring a healthy credit rating and making sure the firm does not take on too much leverage. And yet a growing body of work suggests that corporations, far from being passive observers, are some of the market's most effective arbitrageurs. In 2000 Malcolm Baker of Harvard University and Jeffrey Wurgler, then of Yale University, found a tight connection between firms' net equity issuance and subsequent stockmarket returns. Years in which companies issued relatively more stock were typically followed by weaker market performance. More tellingly, companies seemed to issue precisely when valuations were rich, and especially when other frothy signals, such as buoyant consumer sentiment, were drawing attention. Timing the market is impressive; out-trading the professionals is even more so. Yet firms that issue or retire their own shares routinely do exactly that. In 2022 David McLean of Georgetown University and co-authors showed that corporate-share sales and buy-backs forecast future returns more accurately than the trades of banks, hedge funds, mutual funds and wealth managers. What explains this prowess? Part of the answer lies in firms' access to private information. Few are better placed to forecast a company's future cashflows than insiders. When a company begins buying back its own shares — or employees convert their options into stockholdings — investors should pay attention. But informational advantages go only so far. They do not explain why firm-level issuance predicts aggregate stockmarket returns. And firms' decisions are publicly disclosed: if they were merely signals of private insight, copycat investors quickly ought to arbitrage away any return. Instead, the success of companies may reflect not just what they know, but what they are able to do. They are unusually well placed to act on mispricings. Start with short-selling. Firms have a natural way to take a contrarian view: when they believe their shares are overpriced, they can issue more of them. For a hedge fund to express a similar view, it must sell short the stock or purchase more complex products, such as put options. These strategies are not only expensive, requiring the payment of borrowing fees or option premiums, but also expose the investor to large losses and margin calls if the stock price rises. Risks become particularly acute during bouts of volatility, such as in January 2021, when retail investors sent GameStop's share price to astonishing heights. Hedge funds hesitated to short-sell for fear of making losses as investors piled in. GameStop's boss, by contrast, simply issued new shares. Companies also operate across markets. Almost every business finances itself with some combination of debt and equity. If one becomes unusually expensive, it can easily switch to the other. Yueran Ma of the University of Chicago finds that firms routinely move towards whichever market looks cheap. Such flexibility is rarely available to institutional investors, which are constrained by benchmarks and mandates. Only 28 of Vanguard's 267 funds can trade both bonds and stocks, for instance. Last, businesses benefit from insulation. They may face unhappy shareholders, but they do not face redemptions. When institutional investors mess up, their own investors pull out, forcing them to sell at just the wrong time. The agility this engenders makes companies valuable providers of liquidity, too. As passive investing has grown to make up a fifth of the market, so has demand for stocks in the big indices. Who meets that demand, helping anchor prices? Marco Sammon of Harvard and John Shim of the University of Notre Dame suggest it is, once again, companies. Intermediaries such as active managers and pension funds buy alongside their passive peers. Firms step in to take the other side of the trade by issuing new shares. Similarly, when governments flood the market with short-term debt, firms respond by issuing longer-dated bonds. As asset managers become more passive, specialised or tied up by mandates, it is the firms they invest in that keep the market ticking. So thank your nearest chief financial officer.
The Advertiser
19-06-2025
- Entertainment
- The Advertiser
Tyler Perry sued for sexual harassment and assault
An actor on the US BET television show The Oval has filed a civil lawsuit that accuses media mogul Tyler Perry of repeated sexual assault and harassment. Derek Dixon is seeking $US260 million ($A402 million) in punitive damages from Perry in a lawsuit filed in Los Angeles Superior Court and reported by TMZ on Tuesday. In the suit, Dixon accuses Perry of "a sustained pattern of workplace sexual harassment, assault and retaliation". A lawyer for Perry called the lawsuit "a scam". "This is an individual who got close to Tyler Perry for what now appears to be nothing more than a scam," lawyer Matthew Boyd said in a statement. "But Tyler Perry will not be shaken down and we are confident these fabricated claims of harassment will fail." Perry is a successful actor, writer and producer of dozens of TV shows and films, including the Madea movie series. Forbes estimates his net worth at $US1.4 billion. The lawsuit claims Perry met Dixon when he was working on the event staff at a party Perry was hosting, and that Perry offered him a role on the series Ruthless in 2019 and a bigger part later on The Oval. Dixon alleges that Perry sent unwanted, sexually suggestive text messages to him. The suit includes screenshots of what it said were exchanges between the two. "What's it going to take for you to have guiltless sex?" said one of the messages that Dixon said was from Perry. After the messages, Perry's behaviour escalated to sexual assault, the lawsuit said. One night at Perry's home, the lawsuit said, Perry told Dixon he was too drunk to drive and urged him to stay in a guest room. Dixon said he woke up in the middle of the night to find Perry in bed with him and rubbing his thigh. In another case, Perry "forcibly pulled off Mr Dixon's clothing, groped his buttocks and attempted to force himself on Dixon", the lawsuit said. Dixon tried to remain friendly with Perry while rebuffing his advances in order to keep his job, the lawsuit said. 1800 RESPECT (1800 737 732) National Sexual Abuse and Redress Support Service 1800 211 028 An actor on the US BET television show The Oval has filed a civil lawsuit that accuses media mogul Tyler Perry of repeated sexual assault and harassment. Derek Dixon is seeking $US260 million ($A402 million) in punitive damages from Perry in a lawsuit filed in Los Angeles Superior Court and reported by TMZ on Tuesday. In the suit, Dixon accuses Perry of "a sustained pattern of workplace sexual harassment, assault and retaliation". A lawyer for Perry called the lawsuit "a scam". "This is an individual who got close to Tyler Perry for what now appears to be nothing more than a scam," lawyer Matthew Boyd said in a statement. "But Tyler Perry will not be shaken down and we are confident these fabricated claims of harassment will fail." Perry is a successful actor, writer and producer of dozens of TV shows and films, including the Madea movie series. Forbes estimates his net worth at $US1.4 billion. The lawsuit claims Perry met Dixon when he was working on the event staff at a party Perry was hosting, and that Perry offered him a role on the series Ruthless in 2019 and a bigger part later on The Oval. Dixon alleges that Perry sent unwanted, sexually suggestive text messages to him. The suit includes screenshots of what it said were exchanges between the two. "What's it going to take for you to have guiltless sex?" said one of the messages that Dixon said was from Perry. After the messages, Perry's behaviour escalated to sexual assault, the lawsuit said. One night at Perry's home, the lawsuit said, Perry told Dixon he was too drunk to drive and urged him to stay in a guest room. Dixon said he woke up in the middle of the night to find Perry in bed with him and rubbing his thigh. In another case, Perry "forcibly pulled off Mr Dixon's clothing, groped his buttocks and attempted to force himself on Dixon", the lawsuit said. Dixon tried to remain friendly with Perry while rebuffing his advances in order to keep his job, the lawsuit said. 1800 RESPECT (1800 737 732) National Sexual Abuse and Redress Support Service 1800 211 028 An actor on the US BET television show The Oval has filed a civil lawsuit that accuses media mogul Tyler Perry of repeated sexual assault and harassment. Derek Dixon is seeking $US260 million ($A402 million) in punitive damages from Perry in a lawsuit filed in Los Angeles Superior Court and reported by TMZ on Tuesday. In the suit, Dixon accuses Perry of "a sustained pattern of workplace sexual harassment, assault and retaliation". A lawyer for Perry called the lawsuit "a scam". "This is an individual who got close to Tyler Perry for what now appears to be nothing more than a scam," lawyer Matthew Boyd said in a statement. "But Tyler Perry will not be shaken down and we are confident these fabricated claims of harassment will fail." Perry is a successful actor, writer and producer of dozens of TV shows and films, including the Madea movie series. Forbes estimates his net worth at $US1.4 billion. The lawsuit claims Perry met Dixon when he was working on the event staff at a party Perry was hosting, and that Perry offered him a role on the series Ruthless in 2019 and a bigger part later on The Oval. Dixon alleges that Perry sent unwanted, sexually suggestive text messages to him. The suit includes screenshots of what it said were exchanges between the two. "What's it going to take for you to have guiltless sex?" said one of the messages that Dixon said was from Perry. After the messages, Perry's behaviour escalated to sexual assault, the lawsuit said. One night at Perry's home, the lawsuit said, Perry told Dixon he was too drunk to drive and urged him to stay in a guest room. Dixon said he woke up in the middle of the night to find Perry in bed with him and rubbing his thigh. In another case, Perry "forcibly pulled off Mr Dixon's clothing, groped his buttocks and attempted to force himself on Dixon", the lawsuit said. Dixon tried to remain friendly with Perry while rebuffing his advances in order to keep his job, the lawsuit said. 1800 RESPECT (1800 737 732) National Sexual Abuse and Redress Support Service 1800 211 028 An actor on the US BET television show The Oval has filed a civil lawsuit that accuses media mogul Tyler Perry of repeated sexual assault and harassment. Derek Dixon is seeking $US260 million ($A402 million) in punitive damages from Perry in a lawsuit filed in Los Angeles Superior Court and reported by TMZ on Tuesday. In the suit, Dixon accuses Perry of "a sustained pattern of workplace sexual harassment, assault and retaliation". A lawyer for Perry called the lawsuit "a scam". "This is an individual who got close to Tyler Perry for what now appears to be nothing more than a scam," lawyer Matthew Boyd said in a statement. "But Tyler Perry will not be shaken down and we are confident these fabricated claims of harassment will fail." Perry is a successful actor, writer and producer of dozens of TV shows and films, including the Madea movie series. Forbes estimates his net worth at $US1.4 billion. The lawsuit claims Perry met Dixon when he was working on the event staff at a party Perry was hosting, and that Perry offered him a role on the series Ruthless in 2019 and a bigger part later on The Oval. Dixon alleges that Perry sent unwanted, sexually suggestive text messages to him. The suit includes screenshots of what it said were exchanges between the two. "What's it going to take for you to have guiltless sex?" said one of the messages that Dixon said was from Perry. After the messages, Perry's behaviour escalated to sexual assault, the lawsuit said. One night at Perry's home, the lawsuit said, Perry told Dixon he was too drunk to drive and urged him to stay in a guest room. Dixon said he woke up in the middle of the night to find Perry in bed with him and rubbing his thigh. In another case, Perry "forcibly pulled off Mr Dixon's clothing, groped his buttocks and attempted to force himself on Dixon", the lawsuit said. Dixon tried to remain friendly with Perry while rebuffing his advances in order to keep his job, the lawsuit said. 1800 RESPECT (1800 737 732) National Sexual Abuse and Redress Support Service 1800 211 028
Perth Now
19-06-2025
- Entertainment
- Perth Now
Tyler Perry sued for sexual harassment and assault
An actor on the US BET television show The Oval has filed a civil lawsuit that accuses media mogul Tyler Perry of repeated sexual assault and harassment. Derek Dixon is seeking $US260 million ($A402 million) in punitive damages from Perry in a lawsuit filed in Los Angeles Superior Court and reported by TMZ on Tuesday. In the suit, Dixon accuses Perry of "a sustained pattern of workplace sexual harassment, assault and retaliation". A lawyer for Perry called the lawsuit "a scam". "This is an individual who got close to Tyler Perry for what now appears to be nothing more than a scam," lawyer Matthew Boyd said in a statement. "But Tyler Perry will not be shaken down and we are confident these fabricated claims of harassment will fail." Perry is a successful actor, writer and producer of dozens of TV shows and films, including the Madea movie series. Forbes estimates his net worth at $US1.4 billion. The lawsuit claims Perry met Dixon when he was working on the event staff at a party Perry was hosting, and that Perry offered him a role on the series Ruthless in 2019 and a bigger part later on The Oval. Dixon alleges that Perry sent unwanted, sexually suggestive text messages to him. The suit includes screenshots of what it said were exchanges between the two. "What's it going to take for you to have guiltless sex?" said one of the messages that Dixon said was from Perry. After the messages, Perry's behaviour escalated to sexual assault, the lawsuit said. One night at Perry's home, the lawsuit said, Perry told Dixon he was too drunk to drive and urged him to stay in a guest room. Dixon said he woke up in the middle of the night to find Perry in bed with him and rubbing his thigh. In another case, Perry "forcibly pulled off Mr Dixon's clothing, groped his buttocks and attempted to force himself on Dixon", the lawsuit said. Dixon tried to remain friendly with Perry while rebuffing his advances in order to keep his job, the lawsuit said. 1800 RESPECT (1800 737 732) National Sexual Abuse and Redress Support Service 1800 211 028
The Age
10-06-2025
- Business
- The Age
This man made $10.5 billion last year from keeping a close eye on Americans
Karp was in second place in last year's report with nearly $US1.1 billion in gains, trailing Elon Musk, the Tesla CEO, who gained $US1.4 billion. Musk's name is absent from the top-paid lists this year, but he has been fighting in the courts to retain a past, gargantuan pay package that a judge in Delaware has voided twice. The Tesla shares in that contested pay package were worth more than $US98 billion at the end of May, according to Courtney Yu, director of research at Equilar. Musk funnelled $US250 million into President Donald Trump's campaign efforts and was behind the Trump administration's Department of Government Efficiency, or DOGE. Facing declining sales at Tesla, he has left the White House for renewed work at his companies, which also include SpaceX, a rocket company and military contractor; X, a social media platform; and xAI, an artificial intelligence company. Classic compensation There's another important way to look at executive compensation: the estimated value of a pay package when it was originally granted. This annual snapshot must also be disclosed by corporations, thanks to government requirements that were tightened under Dodd-Frank. This more traditional approach, which the Times has covered regularly with the help of Equilar since 2012, tends to produce smaller figures for CEO compensation than the 'compensation actually paid' approach. But the numbers are still enormous, compared with the earnings of most working people. It, too, is being reevaluated by the Trump administration. The biggest payday in corporate America last year, using this traditional measure of executive compensation, went to Peter Gassner of Veeva Systems, a cloud-computing company focused on the life sciences, with a total compensation of $US172.4 million, nearly all from stock options and awards. The median employee at the company earned $US137,866. It would take a worker at Veeva Systems 1251 years to earn what Gassner did in 2024. Motivating executives is one thing. Rewarding them like absolute monarchs is another. In a statement, Veeva said Gassner's compensation reflected a stock option grant that depended on the company's share performance and 'is intended as Mr. Gassner's only equity compensation through 2030.' The company said his $US475,000 salary is 'one of the lowest' for CEOs at publicly traded companies. Right behind Gassner on the top-pay list was Patrick W. Smith, aka Rick Smith, who was a founder of Axon Enterprise. It was previously called TASER International and was named for what is still Axon's best-known product: Tasers. The company says its product line also includes 'body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities.' Loading Smith's total compensation in 2024, using traditional accounting, was $US164.5 million. In a statement, the company said that number reflected 'a long-term, performance-based equity award,' which he would receive only 'over seven years, contingent on Axon meeting ambitious performance goals.' The median Axon employee was paid $US205,322 in 2024, handsome wages compared with salaries at most companies. Even so, because Smith's compensation package was so big, it would take an Axon employee 801 years to earn Smith's pay for just one year. And, using the compensation-actually-paid metric, he earned vastly more: $US385 million in 2024. Gassner at Veeva Systems raked in $US284 million using that measure. The big picture Corporate compensation filings are tedious reading, but they are a trove of information. That may be why they have never been uniformly popular in corner offices and why the Trump administration is beginning a process that could lead to the curtailment or demise of some of these disclosure requirements. In my view, that would be a shame. I would hate to lose access to any of the details being revealed by public corporations. Consider some of the highlights from this year's disclosures, compiled by Equilar. All told, for the 100 highest-paid CEOs of publicly traded companies in 2024, the median CEO compensation, much of it from stock options, was $US37 million, using the traditional accounting metric. That is a big number. Comparing it with what corporate employees make is revealing. The median worker at these companies was paid $US110,125, which is an astonishingly big pay gap. It would take the median employee — the one right in the middle of the income distribution — 357 years to earn what the median CEO earned in just one year. And using comparable, historical data that excludes the compensation at private equity firms, the pay ratio at publicly traded companies is almost 350-to-1, or, simply, 350, which is more than ever before. As I've pointed out before, pay disparities of this magnitude reflect levels of income inequality that were considered repugnant 50 years ago. The American social structure was flatter and CEO-to-worker pay ratios were lower then. Motivating executives is one thing. Rewarding them like absolute monarchs is another. Through the 1970s, one study found, the pay ratio for big companies was less than 20. In the 1980s, Peter F. Drucker, the economist and Wall Street Journal columnist, said it felt 'about right' when CEOs received 10 to 12 times what workers earned. Loading Yes, it's better to be the boss. Anybody in the workforce already knows this without seeing any of these details. But the details matter. Happily, for investors and for rank-and-file workers, we now have considerable information on exactly how well CEOs are paid — and how much more money they receive than everybody else. The Securities and Exchange Commission will convene later this month for a formal discussion about whether to change the rules about what companies need to reveal about CEO pay. Many companies would like less public disclosure. But after 15 years of looking at this issue, I think we need much more.
