UAE F&B sector set to soar, projected to reach $20bn in 2024
Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial growth trajectory, a whitepaper released by real estate services firm JLL has revealed. The whitepaper highlights the unprecedented growth opportunities within the UAE's Food and Beverage (F&B) industry. The report emphasizes the...
Kuwait’s equity market gains for sixth consecutive month
DUBAI: Kuwait’s equity market sustained its upward momentum in August as Kuwait All Share index rose 3.1 percent for the month and 22.4 percent for the year, according to Kuwait Financial Centre, Markaz. In its Monthly Market Review report for August, Markaz said the market liquidity in August, as indicated...
Alibaba shares slide after $15 bn ‘prosperity’ pledge
Daniel Zhang, Alibaba chairman, said the group was "eager to do our part to support the realisation of common prosperity"
Race between UAE and Saudi Arabia heats up in logistics
The United Arab Emirates (UAE) and Saudi Arabia are engaged in a new bout of competition that could decide which of the two would eventually become the top leader in the logistics sector, in the Middle East.
Dubai property transactions up 50 percent in Q2: Report
Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from buyers who are drawn by visa reforms, the emirate’s quality of life and comparatively attractive pricing, according to a report.
Emaar Malls net profit leaps to $169m in H1
The owner of Dubai Mall attributes 80 percent jump in net to recovery in retail sector.
At $690m, Saudi gaming market is next big thing in region
Saudi Arabia has seen a sharp rise in the gaming market among its population, with total gamers running into 21 million and the market growing at 4.1 percent this year.
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi nationals into the country’s labor market Saudi Arabia will provide 40,000 jobs to its nationals in law firms, customs clearance, real estate, the cinema sector, driving schools, technical and engineering...Dubai property market may be on a roll soon
The developer has reported a surge in pre-sales in the UAE to $2.85 billion S&P Global Ratings give Emaar Properties a stable outlook The Dubai property market might not be booming yet, but the first signs of recovery have begun to appear on the horizon. Emaar Properties, the developer of...
Rising application in pharma sector to drive sodium bicarbonate market: FMI study
*China to be one of the dominant markets globally due to the presence of various end-use industries *US accounts for 82 percent of North American market Global sodium bicarbonate market is expected to flourish at a rising Compound Annual Growth Rate of 3.9% during 2021-2031, according to a report by...RAW Coffee, the UAE-owned brand, comes to Saudi Arabia to tap into demand for beverage
RAW is not the first UAE-based coffee brand to announce expansion plans in the Kingdom this year Emirati Coffee in April told Arab News it plans to open its first Saudi branch in July Tapping into a growing taste for coffee in Saudi Arabia, RAW Coffee, the United Arab...
HSBC and Morgan Stanley believe Dubai property market will boom for years
HSBC and Morgan Stanley feel growth will be driven by strong demand for larger homes The rally, both feel, would continue for many more years HSBC and Morgan Stanley feel that the Dubai property market would retain its luster of being the most sought after property in the...
UAE medical device market to top $1.52 billion by 2025
According to the Q2 2021 Fitch Solutions Medical Device report, the market will benefit from an overall strong economic performance over the next five years The medical device market includes any product used in healthcare for the diagnosis, prevention, monitoring or treatment of illness or handicap The Inited Arab Emirates’...
Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham for the venture Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Stake, launched in 2020,...
