The UAE has become the fourth overseas market in the brokerage firm’s - one of the biggest in the US - network, with the initial focus being on Dubai and then extending the services to handle properties in Abu Dhabi as well. See more at: http://gulfnews.com/videos
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00:00Hello and welcome to Gulf News Daily Business Wrap-Up. The Oracle Oama Warren Buffet wants
00:06to help in buying and selling properties in Dubai and Abu Dhabi. Yes, you heard it right.
00:11His company Berkshire Hathaway Home Services will debut in Dubai, will first of all extend
00:17its services to Dubai and then get into properties in Abu Dhabi. This will be the fourth overseas
00:23operation of Berkshire Hathaway Home Services. It already has offices in London, Milan and
00:28Berlin. The US Federal Reserve is poised to hold fire this week by leaving interest rates
00:33unchanged as the central bank wants to get more insights into how the economy is faring.
00:39Remember that US President Donald Trump is already hammering Fed to lower the interest
00:44rates to prop up growth. The Arabian travel market, popularly called as the ATM, is currently
00:49underway in Dubai. It's hosting about 40,000 participants from 150 different countries
00:54with 100 new pavilions this year. The direct contribution of tablet tourism is expected
01:00to rise to 4.8% to be at around $110 billion by 2028.