Comment & Analysis

Comment & Analysis

Dubai records 3,787 real estate sales transactions worth $2bln in February 2021

March 21, 2021

Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January…

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Comment & Analysis

Luxury oasis draws elite Saudis locked in by pandemic

March 21, 2021

Well-heeled Saudis frolic in an artificial oasis built on salmon-coloured dunes, splashing the cash after a year-long pandemic lock-in that…

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Comment & Analysis

Oman suspends flights from UK, reduces staff capacity at offices

March 19, 2021

Oman has decided to ban all direct flights from the UK, except cargo flights, officials have announced.   The sultanate…

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Comment & Analysis

UAE economy to witness full recovery by 2022

March 19, 2021

The UAE will have a full recovery in 2022 while pivoting to positive growth this year after recording a deep…

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Comment & Analysis

Dubai's weekly property sales surge to highest level to $1.5bln

March 19, 2021

Dubai’s weekly property sales rose to their highest level this month, as more investors snapped up flats, villas and plots…

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Comment & Analysis

Egypt's central bank keeps key interest rates on hold

March 19, 2021

Egypt’s central bank kept its key interest rates on hold on Thursday, the bank said in a statement.   The…

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Comment & Analysis

Turkey hikes main interest rate to 19% to counter inflation and weak lira

March 19, 2021

Turkey’s central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the…

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Comment & Analysis

KPMG Report: Despite pandemic, Saudi banks have thrived

March 19, 2021

KPMG reported recently that the 11 Tadawul-listed banks stayed resilient at the end of  December 31st, 2020 reflected signs of…

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Comment & Analysis

Saudi Arabia closes March domestic sukuk program at $2.05bn

March 18, 2021

Saudi Arabia’s National Debt Management Center closed on Tuesday its local issuance for March, 2021 of the Kingdom’s sukuk, or…

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Comment & Analysis

Amazon to create 1,500 new jobs in Saudi Arabia

March 18, 2021

Amazon plans to hire 1,500 new employees in Saudi Arabia and add 11 buildings, the company said.   The expansion…

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Comment & Analysis

Bahrain sees 140% rise in government health contracts

March 18, 2021

Bahrain’s Ministry of Health reported a 140 percent year-on-year increase in the total value of tenders awarded last year, as…

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Comment & Analysis

S&P reaffirms QIB ratings at ‘A-/A-2’ with stable outlook

March 18, 2021

Global credit rating agency Standard & Poor's has reaffirmed Qatar Islamic Bank’s  long and short-term ratings at ‘A-/A-2’ with a…

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