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  • Dubai faces warehouse shortage, says new report

    DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according to Knight Frank's latest report: Dubai & Abu Dhabi Industrial Markets Review, Q3, 2023. According to Knight Frank, demand is outstripping supply and occupiers are faced with the prospect of leasing more secondary stock, while...
  • Saudi Arabian GDP declines by 4.4 percent in Q3 2023

    RIYADH, SAUDI ARABIA - Saudi Arabia’s real gross domestic product (GDP) fell by 4.4 percent year-on-year (YoY) in the third quarter of 2023, data issued by the General Authority for Statistics (GASTAT) showed.  The real seasonally adjusted GDP eased 3.2 percent quarter-on-quarter (QoQ) in the three-month period.  Non-oil activities increased by 3.5 percent YoY and...