The residential market in Dubai continued to soften in 2016, albeit at a slower rate, according to leading real estate industry expert Knight Frank.
Sale prices in the mainstream market dropped five per cent in 2016 compared to se
Nakheel, a leading Dubai-based developer, has registered a net profit of Dh3.91 billion ($1.06 billion) for the first nine months of this year, up 8.3 per cent over the profit of Dh3.61 billion ($982 million) for the same period last year.
Iran supports an oil price of $50-60 per barrel and any measure to stabilise the market, state TV quoted the country's oil minister as saying on Tuesday.
"Iran wants a stable market and therefore any measure that helps th
The residential segment of Abu Dhabi remained relatively stable in terms of demand and supply during the first quarter of 2016, according to a report.
Due to a limited new supply that entered the market during the period (only 1,0
Stability in office rents in Dubai’s main markets will persist throughout the first quarter of 2016 as a result of continued high demand from both international and domestic occupiers, according to leading real estate consultancy Cluttons.
Following a period of strong growth, the office property market in Dubai, UAE, is showing signs of stabilising, with average rents remaining virtually unchanged across all the city’s major submarkets and free zones, said a report.
Moody's Investors Service has assigned a Baa3 senior unsecured issuer rating to the Jebel Ali Free Zone (JAFZ).
Concurrently, it has upgraded to Baa3 from Ba1 the rating of JAFZ's $650 million sukuk iss
Market prices for all basic food items, especially those in high demand during Ramadan will be stable in Bahrain, a top official has asserted.
Industry and Commerce Ministry Under-Secretary for trade affairs Nader Almoayyed met wi
Standard & Poor's Ratings Services has said that it had revised its outlook on Bahrain-based Al Baraka Banking Group (ABG) to stable from negative.
At the same time, it affirmed the 'BB+' long-term and 'B'