In the past week, fresh data revealed a balanced but softening real estate market in Calgary. Home listings have surged, pushing inventories to the highest levels seen in years, while sales have slipped year-on-year. Benchmark and average house prices have largely eased, with apartments and row homes under the most pressure, though detached and semi-detached segments remain relatively stable. The shift toward a more balanced market is providing buyers with better negotiating leverage.Read more

European prosecutors have initiated an inquiry into the 1.9 billion euro (USD 2.12 billion) Great Sea Interconnector project connecting Europe and the eastern Mediterranean. Developed by Greek operator IPTO, the project aims to link European and Cypriot transmission networks and later extend to Israel. It has faced repeated delays, raising questions about its cost and viability. Cypriot President Nikos Christodoulides confirmed the investigation into possible criminal offenses but noted no specific targets have been identified. Upon completion, the cable is expected to be both the world's longest and deepest high-voltage subsea link.Read more

The cumulative value of real estate transactions in Oman reached RO1.593 billion by the end of July, reflecting a year-on-year decline of 7.9 per cent. Despite this dip, the sector has shown notable resilience, supported by investor confidence, ongoing development projects, and government initiatives aimed at sustainability. While activity has slowed in some segments, demand in residential and commercial assets has provided balance. Analysts indicated that the market remains fundamentally strong and continues to adapt in line with the country's broader economic diversification strategy.Read more

The Toronto housing market showed signs of slowing as home sales in the Greater Toronto Area fell for the first time in five months, while prices edged slightly lower. Monthly price declines or stagnation have continued since last November, keeping affordability a key challenge for average-income households. Despite modest reductions in borrowing costs, many buyers remain cautious. New listings are growing, and experts suggest that further interest rate relief could attract more buyers to the market, which currently has a healthy supply of homes.Read more

Morocco is setting up judicial committees inside stadiums to quickly handle fan-related offences during the 2030 World Cup, which it will co-host with Spain and Portugal. Justice reforms include updates to penal and family codes, alternative penalties, multilingual judicial counters, and cooperation agreements with co-host nations. Alcohol consumption rules for fan zones are under review, and specialized judge training and mediation services will ease court workloads. The preparations complement infrastructure upgrades aimed at managing an expected increase in international visitors.Read more

Blackstone has acquired the Centre d'Affaires, a landmark office property in Paris' Trocadéro district, for around EUR 700 million (USD 819 million). The building, which spans 41,000 EUR square meters, includes office spaces, 57 luxury apartments, cafes, and catering facilities. Originally purchased by Union Investments in 2003 for EUR 284 million, the property has seen strong interest from global investors due to its prime location and high-quality facilities. The transaction is expected to close by the fourth quarter of 2025, reflecting renewed confidence in Europe's premium office real estate.Read more

Nomura has strengthened its presence in the United States by creating a commercial real estate platform and appointing senior executives from Barclays. Larry Kravetz has been named head of U.S. commercial real estate and CMBS, while Frank Gilhool will lead warehouse financing. The team also includes Andy DiPietro and other specialists to support expansion within securitised products and private credit. This development reflects Nomura's intention to reinforce its foothold in U.S. commercial real estate.Read more

The New York Stock Exchange announced that it had begun delisting proceedings against Xinyuan Real Estate's American Depositary Shares, with trading in these securities suspended immediately. The action followed the company's failure to maintain the required global market capitalisation standard over a consecutive 30-day period. Xinyuan retains the option to appeal before the Exchange applies for formal delisting.Read more

ReNIKOLA Holdings has been chosen to lead two large-scale solar projects in Malaysia with a total capacity of 618 MWp under the country's Large Scale Solar 5+ programme. The projects, set to operate for 21 years, are projected to attract 1.2 billion ringgit (USD 285.37 million) in investment and are expected to be commissioned by the end of 2027. Malaysia is ramping up renewable energy efforts, aiming to increase gas-fired capacity by 50% and more than double renewable capacity by 2030 to reduce coal dependence and meet growing electricity demand, particularly from data centres.Read more

JPMorgan Chase plans to launch its Chase digital retail bank in Germany next year, expanding its European footprint after entering the UK in 2021. While already a major player in Germany's financial market, the bank faces a competitive retail landscape dominated by local institutions and established online banks. Chase will start with savings accounts from its Berlin base and gradually expand its offerings. The move reflects JPMorgan's strategy to leverage digital banking to overcome traditional market challenges while building on its long-standing presence in the country.Read more