Credit extended by Saudi banks hit SR 3.13 trillion ($834 billion) in April—a 16.5% increase since last year, marking the most rapid lending growth since mid‑2021. This spike reflects accelerated credit to corporate projects aligned with the Kingdom’s development agenda Source: arabnews.com
Saudi Bank Lending Surges 16% Year-on-Year Read More »
The UAE property sector is experiencing robust growth in 2025, driven by reforms in visa regulations, foreign ownership laws, and political stability. Renewed investor interest and market confidence continue to support rising property values Source: moneycontrol.com
UAE Property Market Accelerates Amid Visa and Ownership Reforms Read More »
According to ATM Travel Trends, travel expenditures in the MENA region are projected to increase by 50% by 2030, reaching approximately $350 billion. Key growth drivers include luxury tourism and business travel, underpinned by infrastructure development and increasing global connectivity Source: gulfbusiness.com
Middle East Travel Spending to Skyrocket by 2030 Read More »
Dubai’s Department of Finance is rolling out crypto payment options for government services, following prior implementation at fuel stations and hospitality outlets. This initiative is part of the city’s broader strategy to mainstream blockchain and digital assets Source: gulfnews.com
Dubai Expands Cryptocurrency Payments to Public Services Read More »
Dubai and Abu Dhabi continue attracting top-tier global finance firms like Tudor, Millennium Management, and PGIM. Employment in the DIFC has surged 10% to over 46,000, and hedge fund launches are rising. However, rapid growth has strained infrastructure—office delays, increased traffic, construction disruption—and some deal-flow remains muted Source: arabnews.com
Dubai Strengthens Its Appeal as Global Finance Hub Read More »