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 Telecom Company (STC) ranks once again as one of the 500 most valuable brands in the world according to the Global 500 2015 report by Brand Finance, the leading independent brand valuation consultancy.
SAUDI ARABIA. The kingdom, which led OPEC in refusing to cut output, produced 10.3 million barrels a day last month and will keep pumping for now at around 10 million, oil minister Ali al-Naimi said at a conference in Riyadh.
INTERNATIONAL. The Russian plan all along was not to help Iran get the bomb, but to use its leverage with a thorny player in the Middle East to get the United States into a negotiation on issues vital to Russia's national security interests.
INTERNATIONAL. The tentative agreement clears the way for negotiations on a settlement aimed at allaying Western fears that Iran was seeking to build an atomic bomb and in return lift economic sanctions.
UAE. Shayne Nelson, Group CEO of EmiratesNBD, earned the top spot among all the listed companies studied during the ranking process; Six CEOs from the UAE among Top 10; Saudi Arabia, with 36 cEOs, walks away with the most number of trophies.
UAE. Less than 0.15% of the dividends of GCC-listed companies and 0.59% of those of the UAE's dividends invested in tech start-ups vs. 5% in the USA; UAE invests 4x more of its public companies' dividends in tech start-ups.