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Press Dossier   By Date  01/01/2023
Dubai real estate set for 46% growth in 2023, data show
Dubai’s booming real estate sector is set for further growth next year, with a projected growth of 46 per cent, recent research showed.
'Nearly half of what I used to pay': UAE residents rejoice as fuel prices fall
For Salam Shehady, when petrol prices peaked in July, the cost of a full tank was around Dh200. “In January 2023, it will only cost me Dh100,” she said. “That is half of what I used to pay. So, I am really happy about the price drop.”
UAE set to announce retail fuel prices for January soon
The UAE's fuel price committee is expected to announce petrol and diesel prices for the month of January soon.
Ministry signs MoU to enhance Saudi Arabia’s automotive production
The Saudi Ministry of Industry and Mineral Resources on Saturday signed a memorandum of understanding with Hyundai Motor Co. to advance automotive production in the Kingdom.
Saudi market withstands global headwinds, braces for 2023
With the highest growth rate among the G20 countries, continuous efforts to diversify the economy and a healthy inflow of foreign direct investment, Saudi Arabia’s market performance has been resilient.
SMEs are Saudi Arabia’s driving force for economic growth
Small and medium-sized enterprises are a force to reckon with in Saudi Arabia as the Kingdom, in line with the goals outlined in Vision 2030, continues to diversify its economy which has been dependent on oil for several decades.
Saudi unemployment rises to 9.9% in Q3: GASTAT
The unemployment rate of Saudi nationals in the third quarter of 2022 has risen to 9.9 percent, compared to 9.7 percent in the second quarter of this year, according to data released by the General Authority for Statistics.
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