Branded residences are increasingly in demand in Dubai, as developers partner with luxury brands to create unique and distinctive properties. These developments offer buyers the benefit of leveraging the brand’s reputation and expertise, as well as increased rental yields and capital appreciation.
Mena Nation Brand Report 2021 has revealed that the UAE’s nation brand value has increased by 6.6% compared to the previous year, driven by its strong economic growth and government initiatives aimed at diversifying the economy and promoting innovation.
The UAE duty-free market is set to experience a surge in sales over the next four years, with travelers from India, China, and the UK projected to drive much of this growth.
Retailers in the United Arab Emirates (UAE) are investing heavily in their digital capabilities to meet the growing demand for online shopping.
This year, retailers across the MENA region are gearing up for a successful festive season, launching special promotions and discounts to attract customers.
Air Canada is proud to announce the launch of their new service between Vancouver and Dubai, providing customers with a convenient and efficient way to travel.
GASTAT, the Kingdom of Saudi Arabia’s General Authority for Statistics recently reported that inflation in the country declined by 0.4% in March 2021, compared to the previous month – providing some welcome relief for consumers who have been struggling with rising prices in recent months.
The report notes that foreign investment in Saudi Arabia is expected to continue to grow over the next few years, driven by several factors, including the implementation of structural reforms, the expansion of the non-oil sector, and the development of new infrastructure.
The International Monetary Fund report notes that the Saudi Arabian economy is expected to grow by 2.1% in 2021 and 4.8% in 2022, driven by increased government spending, a recovery in the non-oil sector, and the implementation of structural reforms.
OPEC has announced that it will keep its projection for global oil demand in 2023 unchanged, despite concerns over the pandemic’s impact.