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UAE Real Estate Developers ALDAR, Sorouh Eye State-backed Merger

Abu Dhabi's Aldar Properties, rescued twice by the government with bailouts totaling $10 billion amid a property slump, may merge with local rival Sorouh Real Estate in a state-backed tie-up, the two firms said on Sunday.

Should UK Adopt Vince Cable's Wealth Tax on Mansions? [ANALYSIS]

Liberal Democrat business secretary's idea of taxing mansions has as many enemies as friends. (Business Secretary Vince Cable wants to introduce a "mansion tax" on properties worth over £2m (Reuters) ) In the build-up to Chancellor George Osborne's 21 March budget, the two component parties of the coalition government are engaged in a fierce public policy battle.

Quotes from CPPCC members

Following are some quotes from Zhang Qiong, a political adviser, at the annual session of theChinese People's Political Consultative Conference (CPPCC) National Committee onSaturday: