09/15/2023
Residential sector a promising market
Post-World Cup, the sector anticipated a drop in rental rates.
Research, Comment and Analysis
09/14/2023
Saudi Arabia’s Financial Wealth Expected To Hit $1.3tn By 2027: BCG
The report further revealed that currency and deposits represented the largest asset class in Saudi Arabia, making up 48 percent of total personal wealth in 2022.
09/14/2023
S&P sees high profitability for Kuwaiti banks this year
The report added that the rise in net interest income will be offset to some extent by the move from non-interest deposits to interest-bearing deposits and the increase in credit losses.
09/13/2023
Fitch affirms QIIB’s ‘A-’ rating with positive outlook
It’s worth noting that Fitch had upgraded the bank’s outlook from “stable to positive” in April of this year.
09/08/2023
UAE banks set for FY 2023 loan growth, profit uptick
Growth was across the board and almost unprecedented, Rahul Bajaj, director of MENA equity research at Citi in Dubai, told Market Intelligence.
09/07/2023
UAE unemployment insurance scheme: How to apply before deadline
MoHRE’s deadline for eligible employees to subscribe to the unemployment insurance scheme is fast approaching
09/05/2023
UAE's Ultra-Wealthy to Inject $500bn into Economy by 2026
A recent study revealed that this substantial sum equates to a forecasted 46% growth in financial wealth, translating to a compounded annual growth rate of 6.7%.
09/05/2023
Prices of luxury homes in Dubai surged 48% in past year
Globally, average annual luxury homes prices rose 1.5% across the 46 markets covered by the index.
09/04/2023
UAE luxury cars market on solid track
Sheikh Juma Bin Maktoum Bin Juma Al Maktoum recently inaugurated the Oscar Luxury Auto showroom, a new state-of-the-art facility for high-end cars sales at Umm Sheif , Sheikh Zayed Road in Dubai.
09/04/2023
Egypt: CBE reports 12.7% rise in domestic liquidity in seven months
The report also said that quasi-money, which consists of time deposits and savings certificates in local currency and non-governmental deposits in foreign currencies
09/01/2023
CBK OKs Gulf Bank's capital rise by $84.7mln
The bank will disclose all details and procedures related to the share issue
08/30/2023
Middle East favors younger, but also more experienced CEOs
Among all Middle Eastern countries, the UAE has the youngest CEOs, with an average age of 53.1 years. T
08/29/2023
Insurance House champions safe driving with a 28% discount on motor insurance for ‘Accident-Free Day’
In support of Accident-Free Day by the Ministry of Interior and General HQs of the Police
08/25/2023
How Dubai tenants can pay rent through direct debit – here’s how
You don't need to always pay for rent via cheques - here are the other options available
08/24/2023
Time to sell? UAE gold prices continue to rise
With the Fed funds rate anticipated to remain elevated for longer, gold’s upside potential appears short-lived, says expert
08/22/2023
UAE Central Bank’s budget surges to $177bln for H1 2023
On an annual basis, the central bank's public budget surged by 32.15%
08/21/2023
Knight Frank MENA: Middle Eastern investors spark $120bln surge in Egypt's dynamic real estate market
Underscored by substantial investment commitments from major global powers including the US, UK, South Korea, UAE, Saudi Arabia, Turkey, and China
08/21/2023
Egypt a rising star in green tourism, says Bain & Company
Egypt is beginning to break into sustainable tourism with a number of novel initiatives.
08/17/2023
QNB: Official partner for ‘Future Assets Program’
This partnership comes as part of the Bank’s ongoing efforts to support education
08/16/2023
Dubai on fast track to becoming world's smartest city
Dewa is the first utility in the world and the first government organisation in the UAE to use ChatGPT to enrich its services