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Saudi Arabia's GDP falls in Q1 amid oil slumpSaudi Arabia’s gross domestic product (GDP) fell by 0.5 per cent in the first quarter compared to an annual rise of 2.2 per cent for the same period last year, pulled down mainly by the drop in oil prices, according to a report. More… |
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Saudi Arabia's GDP falls in Q1 amid oil slumpSaudi Arabia’s gross domestic product (GDP) fell by 0.5 per cent in the first quarter compared to an annual rise of 2.2 per cent for the same period last year, pulled down mainly by the drop in oil prices, according to a report. More… |
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Bahrain real estate remains 'resilient' despite oil slumpDespite slowing economic conditions, which continue to hamper the property market in Bahrain, there has been a marked stabilisation across most real estate sectors in the second half that is expected to carry into 2017, according to internationa More… |
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Saudi Arabia to cancel $266bn projects as oil slump bitesThe Saudi Economic and Development Affairs Council has agreed on shelving SR1 trillion ($266 billion) worth of future projects as the kingdom reels under a sharp oil price crunch, said a report. The Saudi council has decided to st More… |
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Saudi Arabia to cancel $266bn projects as oil slump bitesThe Saudi Economic and Development Affairs Council has agreed on shelving SR1 trillion ($266 billion) worth of future projects as the kingdom reels under a sharp oil price crunch, said a report. The Saudi council has decided to st More… |
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UAE industrial rental market 'steady' despite oil slumpThe UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst ongoing global uncertainty, said a report by global real estate consultancy firm CBRE. The softeni More… |
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Saudi cement sector under pressure, sales down 6pcThe cement sector in Saudi Arabia continues to be under pressure as infrastructure investments decline due to low crude prices, lower fuel subsidy, inventory pile-up, and higher competition, said a report. The total cement sales i More… |
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Saudi cement sector under pressure, sales down 6pcThe cement sector in Saudi Arabia continues to be under pressure as infrastructure investments decline due to low crude prices, lower fuel subsidy, inventory pile-up, and higher competition, said a report. The total cement sales i More… |
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UAE property prices likely to drop further in 2016The real estate prices in the UAE are likely to continue declining this year mainly due to the oil slump which has inturn dampened the hiring and expansion plans of energy firms besides the softening of non-oil private companies' business ac More… |
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Qatar residential market softens in Q4 amid oil slumpThe residential market in Qatar showed signs of softening during the fourth quarter of 2015 due to falling oil prices and, yet, maintained high levels of demand due to the country’s strong population growth. Official governm More… |
