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 massive investment is being made in anticipation of a surge in passenger traffic, along with more than US$100bn-worth of airport projects that are currently underway and planned across the Middle East.
UAE. Al Masah Capital regional stock market report: October trend lines stayed the same with buyers focused predominately on Saudi and Egypt as well as potential oil deal and value buying, allowing Saudi to gain 5% on the month.
SAUDI ARABIA. The resolutions do not affect the private sector and whilst some of the press coverage of these changes may have confused private sector employers, the Ministry of Labour has recently moved to clarify the position.
UAE. Knowledge Summit 2016: "Over 2 billion jobs will disappear by 2030 and that is the hidden results of our rapid technology growth. But, if we understand all these hidden consequences we can create jobs at a much higher rate".
INTERNATIONAL. This is part two of a recent conversation I had with students, faculty, and alumni at New York University, where I had the opportunity to answer some questions concerning the turmoil in the Middle East and America's role in the world.