SAUDI ARABIA. CB Richard Ellis released today the latest MarketView for the Kingdom of Saudi Arabia.
OVERVIEWKing Abdullah’s recent pledge to spend 30% of the Kingdom’s annual economic output (approximately US$130 billion) on mass housing, job creation and training, unemployment benefits and a raft of other social and economic measures has been welcomed with great enthusiasm.
However, as the supply and demand gap continues to widen in the housing sector, affordability remains the key deterrent for home ownership amongst Saudi nationals. Saudi Arabia has the largest re
SAUDI ARABIA. Saudi Arabia's new King Salman further cemented his hold on power, with a sweeping shakeup that saw two sons of the late King Abdullah fired and the heads of intelligence and other key agencies replaced alongside a cabinet shuffle.
SAUDI ARABIA. King Salman has named his half-brother Muqrin as his crown prince and heir, rapidly moving to forestall any fears of a succession crisis at a moment when Saudi Arabia faces unprecedented turmoil on its borders.
UAE. Strong growth momentum in GCC countries continues, economic recovery in oil importers is on track; Oil exporters diversified their economies, but still heavily dependent on hydrocarbon sector in terms of budget and export revenues; Oil importers face higher risks of geopolitical tensions.
UAE. Joint study by Al-Sayedah Khadijah Bint Khawilid Center and Strategy& finds women have the opportunity to take on more active roles; Transition to third generation presents family businesses great opportunity to draw from the entire talent pool.
UAE. Second Global Talent Competitiveness Index ranks leading economies on their ability to attract and retain talent; UAE, Qatar and Saudi Arabia ranked in top 35 for ability to grow, attract and retain talent; Switzerland and Singapore top global rankings
INTERNATIONAL. January proved to be another difficult month for commodities as the trend of falling prices amid rising supply resulted in a 7th consecutive monthly fall for the Bloomberg Commodity index.
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.