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Press Dossier   By Date  04/05/2023
UAE: Now, book Etihad Airways flight tickets using Botim
UAE: Now, book Etihad Airways flight tickets using Botim
IMF sees positive momentum in UAE’s retail, service sectors
A persistent reform drive along with rapid acceleration of private investment underpinned by abundant liquidity has enabled the UAE and other oil exporters in the region to maintain a positive momentum in the retail and service sectors, the International Monetary Fund said on Wednesday.
Abu Dhabi records Dh27.9 billion in real estate transactions in first three months of 2023
The real estate sector in Abu Dhabi has continued its trajectory of growth in the first quarter of 2023, with 5,472 property sales and mortgages recorded worth Dh27.9 billion, compared to 3,304 transactions worth Dh11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT).
Abu Dhabi's Aldar posts 22% YoY increase in Q1 net profit
Aldar Properties on Wednesday announced that it posted record quarterly development sales of Dh4.5 billion.
Saudi PMI hits 59.6 in April as non-oil business activities improve
Saudi Arabia’s overall non-oil business activities witnessed an improvement in April, as strong domestic demand triggered an increase in new orders at the fastest rate since September 2014, an economy tracker revealed.
Value of Saudi construction contracts jump 35% to $51.3bn: report
Saudi Arabia’s construction sector saw the value of awarded contracts increase to SR192.4 billion ($51.3 billion) in 2022 — a 35 percent rise on the previous year, a leading industry body has revealed.
SAMA raises interest rates following US Fed’s move
The Saudi Central Bank, also known as SAMA, has raised its main interest rate by 25 basis points in line with the US Federal Reserve as it seeks to try to counter inflation.
SABIC’s quarterly net profit for Q1 rises 128% to $176m
Saudi Basic Industries Corp. reported a 127.59 percent increase in net profit in the first quarter of 2023 compared to the previous three months.
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