Saudi construction sector employs 3 million workers
GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to...
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Qatar wealthiest Arab nation, Somalia poorest
The Arab world is one of the most unequal regions in the world, with top 10 earners controlling more than...
Economy
Beirut costliest Middle Eastern city for expats, while cost of living eases in Dubai, Abu Dhabi
Abu Dhabi and Dubai fell 17 and 19 places respectively on Mercer Cost of Living Survey this year Riyadh remained...
Yalla Group to buy back shares worth $150-million
The company will use its existing cash balance to buy back shares over the next 12 months It also quashes...
Abu Dhabi makes commercial, industrial activities available for foreign ownership
Abu Dhabi Department of Economic Development believes the decision will attract further foreign investment Department amends law to enable 100...
Saudi construction sector employs 3 million workers
GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to...
Infographics
Company News
Global economic woes take toll on GCC contracts
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Oman’s Loan-to-Deposit ratio best in GCC
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UAE, China eye $200bn bilateral trade by 2030
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Qatar wealthiest, UAE happiest in Arab world
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Global economic woes take toll on GCC contracts
High inflation and the West's sanctions on Russia for its Ukraine invasion besides the supply chain disruptions caused by China's...
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Bahrain made the highest rate hike in GCC region
Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed...
Economy
Oman’s Loan-to-Deposit ratio best in GCC
The Gulf region’s loan-to-deposit ratio fell by 160 basis points in the second quarter of 2022, due to higher customer...
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Major Saudi Arabian cities witness strong demand for residential, office real estate
Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real...
- Rents and prices for residential real estate in Riyadh and other major cities such as Jeddah is growing, according to JLL.
- The Saudi real estate market is expected to register a CAGR of more than 9.74 percent during 2022 - 2027, according to Mordor Intelligence.
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UAE, Saudi pension systems improve performance on 2022 Mercer CFA Index
The 2022 Mercer CFA Institute Global Pension Index compares 44 retirement income systems against more than 50 indicators and benchmarks.
- The CFA Institute said the index highlights both the considerable diversity and the positive features present in many systems.
- The study also confirms that no pension system is perfect and that every system has shortcomings.
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Foreign assets of Gulf central banks rise post Covid
Here are the details of how GCC countries gained in past four years in terms of foreign assets held by...
- Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic
- Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion