Browsing: Economy

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

Crypto firms argue tokens are commodities and want new laws clarifying their status, although that could take years if Congress remains divided

A subsidiary of Sweden-based Tethys Oil has signed an agreement for $60 million amortising term loan facility with the UAE’s Abu Dhabi Commercial Bank.