Author: Steven Sahiounie

The report revealed that residential land plot prices have increased by 2.8% year-on-year, primarily driven by the residential sector, significantly impacting the overall increase in real estate prices

Dubai has climbed the rankings to become the most expensive city in the Middle East for international workers

GCC debt capital market (DCM) issuances are moving towards the $1 trillion outstanding mark, growing through 2024 and 2025, Fitch said in a new report.

Dubai-listed Emirates REIT has partially redeemed its $380 million sukuk after announcing the sale of Trident Grand Mall in Jumeirah Beach Residence (JBR) last month.

Doha: Qatar Central Bank (QCB) has issued treasury bills and Islamic bonds for maturities of 7 days, 28 days, 91 days, 182 days

A total of 24.88mln bpd arrived in July in Asia, the world’s biggest oil importing region, down 6.1% from the previous month and the lowest on a daily basis since July 2022

Of course, around $100 billion of yen-buying intervention from Tokyo in the last few months has put a floor under the currency, and the BOJ’s approach to raising rates is hardly gung-ho. So the yen is not a sure-fire bet to strengthen aggressively from here

The BoE cut rates by a quarter point to 5.0% on Thursday, in a decision markets had thought was on a knife-edge

Iran’s first vice president Mohammad Reza Aref and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani have underscored the need for an immediate ceasefire in the Gaza Strip, as the Israeli regime continues its atrocities in the besieged territory. The two officials made the appeal as they discussed the latest regional developments, particularly the crimes perpetrated by the Israeli regime in Gaza, in a meeting in the Qatari capital Doha on Friday. During the meeting, Iran’s proposal to hold an emergency meeting of the Organization of Islamic Cooperation (OIC) was also reviewed. The two sides also discussed bilateral relations and ways to boost and…

Venezuelan Foreign Minister Yvan Gil announced on Friday that President Nicolas Maduro has been invited to the upcoming BRICS summit, scheduled to be held in Kazan, Russia, this October. “[Russian] President Vladimir Putin invites President Maduro to attend the leaders’ summit of the BRICS+ countries,” the minister said on X and posted the letter sent by Putin to Maduro. Venezuela and Russia have enjoyed a strong relationship since the early 2000s, bolstered during Hugo Chavez’s presidency and continuing under Nicolas Maduro. The partnership has been marked by extensive cooperation in various sectors, including energy, where Russian companies like Rosneft have…