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Press Dossier

By Date

11/01/2023

	Gross bank assets up to Dh3.6 trillion by end of October: Central Bank Gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent, from Dh3.583 trillion at the end of September 2022 to Dh3.615 trillion at the end of October 2022, according to the Central Bank of the UAE (CBUAE).
	Dubai real estate continues growth momentum with record transactions in 2022 The Dubai’s real estate sector continued its growth momentum in December to conclude the year on positive note as the residential rents and transactions hit record highs in 2022.
	Rent or buy? Top Dubai areas for apartments, villas revealed Dubai has seen 97,400 real estate transactions worth a whopping Dh265.7 billion in 2022, with many residents and investors opting to buy property in the heart of the city.
	Deal signed at Hajj expo to launch smart cards for pilgrims During the Hajj and Umrah Services Conference and Exhibition in Jeddah on Tuesday, the Nosok Foundation for Hajj and Umrah and the General Authority of Awqaf signed a cooperation agreement with the aim of enhancing pilgrims’ experiences via electronic solutions.
	Investcorp to capitalize on Saudi logistics market as it plans $1bn GCC investment Bahrain’s Investcorp plans to invest up to $1 billion in the real estate market across the Gulf Cooperation Council countries over the next five years, with a key focus on Saudi Arabia as it looks to capitalize on the Kingdom’s booming logistics sector.
	UAE’s Masdar to develop renewable energy projects in Kyrgyzstan Abu Dhabi renewable energy firm Masdar has signed an agreement with Kyrgyzstan's energy ministry to develop clean energy projects with a capacity to generate 1 gigawatt, it said on Tuesday.
	Saudi construction sector continues growth with $6.7bn worth contracts in Q3 2022: Report The construction sector in Saudi Arabia maintained its growth momentum in the third quarter of 2022 with contracts worth SR25.2 billion ($6.7 billion) awarded during the period, according to a report by the US Saudi Business Council.
	High inflation, rising interest rates sent bond market crashing in 2022 Persistent inflation and rising interest rates across the globe sent bond markets tumbling resulting in the biggest decline in the benchmark since at least 1990. Geopolitical tensions surrounding the Russia/Ukraine war also affected markets during the year.

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