Real Estate Transactions in Qatar Top QR1.46 Billion in September
The volume of real estate transactions in Qatar has exceeded QR1.46 billion in September, while the real estate index recorded a rise of 151 percent compared to August, according to data released by the Department of Real Estate Registration at the Ministry of Justice on Sunday. In September, 407... Read more
Diwali Night at Zabeel Park
Get into the spirit of Diwali with a special celebration at the Zabeel Park Amphitheatre on 18 October. Come along with family and friends as you dress in your festive best to be in the running to win the Best Dressed competition. The main highlights at Diwali Night include... Read more
UAE,Russia Non-Oil Trade Exceeds $14 Billion Over the Past Five Years
The value of non-oil trade between the UAE and Russia over the past five years amounted to $14.1 billion, while last year’s non-oil trade totalled $3.4 billion, compared to $2.5 billion in 2017, a growth of 36 percent. In an interview with the Emirates News Agency, WAM, Abdullah Al Saleh,... Read more
Aramco Aims to Reach 90 Percent Saudization by 2020
Mohammad Al Shammary, vice president, procurement and supply chain management at Saudi Aramco, said that Aramco has launched a comprehensive localization program in an effort to develop services to contribute to raising the level of local content in the field of energy to reach 90 percent by 2020. Addressing... Read more
Oman’s Crude Production Exceeds 29 Million Barrels in Sep 2019
Oman’s total production of crude oil and condensate throughout September 2019 reached 29.18 million, with a daily average of 972,750 barrels. The total exported quantities of Oman crude oil during September 2019 reached 25.25 million barrels, with a daily average of 859,290 barrels, the Ministry of Oil and Gas... Read more
Saudi Arabia up 13 Points in Global Labor Market Efficiency
The Kingdom has advanced 13 points in the labor market efficiency index compared to last year (2018), according to the Global Competitiveness Report for 2019, Saudi Press Agency (SPA) said on Saturday. Saudi Arabia has also advanced in five subsidiary indices that measure aspects of market efficiency, according to... Read more
Abu Dhabi Real Estate Industry Close to Bottoming Out
The downward corrections witnessed in Abu Dhabi’s real estate industry during the second quarter appear to have slowed in the Q3 suggesting the market could be close to bottoming out, said a report by leading international real estate services firm Chestertons. Sales prices and rental rates have marginally declined during... Read more
MENA M&A Deals Reach $120.6 Billion, up 160 Percent in 9 Months
The value of announced M&A transactions with any Mena involvement currently stands at an all-time high, up 160 per cent from YTD 2018 reaching $120.6 billion so far this year, said Refinitiv, a top provider of financial markets data. Deals with a Mena target, inter-Mena or domestic and inbound... Read more
Saudi Arabia to Launch 5G Corporate Services in Early 2020
Nasser bin Sulaiman Al-Nasser, STC Group CEO, said STC has increased the number of sites equipped with 5G in various regions across Saudi Arabia. He said the fifth-generation (5G) corporate services will be launched in early 2020 and that today the Kingdom is considered among the countries best prepared... Read more
World Bank: Iran to Move Out of Recession in 2020
In its latest report, World Bank (WB) forecast that Iran’s economy will move out of downturn in 2020. Although Iran’s economy will experience negative growth by the end of 2019 but it can experience its first positive economic growth in next year after the recent sanctions imposed against... Read more