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
UAE. The disagreement is mainly due to Tehran's resistance to the idea of an output freeze; Saudi Arabia is not willing to do a deal without Iran's participation as this could ignite a market share war.
SAUDI ARABIA. There have been misconceptions on the ability of women to work in the Kingdom and it is important to note that the amended labour law has a number of provisions which are expected to encourage women working.
INTERNATIONAL. Despite the impact of low oil prices and civil unrest on many countries in the Middle East, a number of economies have a favourable long-term growth outlook, including the UAE, Iran, Qatar, Saudi Arabia and Tunisia.
INTERNATIONAL. The downward revision of Fitch's oil price assumptions for 2016 and 2017 to US$35/b and US$45/b, respectively, has major negative implications for Saudi Arabia's fiscal and external balances.
SAUDI ARABIA. The aim of the Summit, held from 2-3 May 2016, is to help healthcare professionals reduce errors, increase precision and improve outcomes through novel approaches to treatment and intervention.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."