Bloomberg Business activity in the Arab world’s two largest economies improved at the start of 2021, with the United Arab Emirates seeing growth in its job market. Non-oil private sector activity in Saudi Arabia soared during January as new work levels increased and operating conditions improved in the UAE, helped by an expansion in new orders and output. Purchasing Managers’ ...

DUBAI / WAM Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over AED175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD). The report revealed that real estate sales reached AED72.5 billion with 35,423 transactions, while mortgages recorded ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) on Wednesday signed three memoranda of understanding (MoUs) with the Government of Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of both countries. The first MoU involved the establishment of an investment company in Turkmenistan with a target capital of AED370 ...