Dubai Marina and JBR witnessed significant increases in property rent during the first quarter of 2023.
The rental market in Dubai during the first quarter of 2023, with a focus on popular locations such as Dubai Marina and JBR.
In April, the PMI for Saudi Arabia increased to 59.6 due to the improvement of non-oil business activities.
The latest report on the Saudi Arabia PMI indicates an improvement in non-oil business activities in the country in April 2023.
The UAE has increased its base rate by 25 basis points.
The UAE’s economy has been on the path of recovery, and the decision to raise the Base Rate is in line with the country’s long-term economic goals.
Aldar, based in Abu Dhabi, has reported a YoY increase of 22% in its Q1 net profit.
Abu Dhabi’s Aldar Properties has reported a YoY increase of 22% in its Q1 net profit, driven by increased demand from both international and resident expat buyers.
In the first quarter of 2023, Dubai-based company E& reported a consolidated revenue of Dh13 billion.
e&, has reported its consolidated financial results for Q1 2023, revealing a YoY increase of 6.6%.
The net profit for Q1-2023 of Multiply Group in Abu Dhabi has reached Dh266m.
Abu Dhabi investment firm Multiply Group reported a net profit of Dh266 million for Q1-2023, marking a 241% increase from the previous year.
During his visit, the Minister of Industry and Mineral Resources of Saudi Arabia aims to strengthen the country’s relationship with Switzerland.
The visit of Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, to Switzerland is aimed at strengthening the relationship.
A consortium led by Saudi Aramco is planning to establish the Kingdom’s first steel plate manufacturing facility.
A consortium led by Saudi Aramco, the world’s largest oil company, has announced plans to establish the Kingdom’s first steel plate manufacturing facility.
SAMA reports that Saudi Arabia’s banks collectively recorded a 23% increase in profits to $1.98 billion in March.
The report highlights that the SAMA’s investments in foreign securities declined by more than 8% year-on-year in March to around SR1.02 trillion.
The machinery and equipment sector in Saudi Arabia is offering more than 50 investment opportunities.
Saudi Arabia is working to offer 50 investment opportunities in the machinery and equipment sector, worth over $25 billion.