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Dubai’s net effective cost to occupiers of prime office space stood at $108.7 in Q3, up three per cent quarter-on-quarter, according to Savills latest Prime Office Costs analysis
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The emirate’s gross domestic product surged 11.2 per cent during the first half compared to the same 2021 period, according to data released by Statistic Centre- Abu Dhabi
Abu Dhabi-listed companies showed the biggest y-o-y profitability improvement during Q3 with net profits almost doubling to $9.1 billion as compared to $ 4.7 billion Q3-2021
Amid the effects of Russia's war in Ukraine, "growth has lost momentum, high inflation is proving persistent, confidence has weakened, and uncertainty is high," OECD said in its latest forecast.
Overall, GDP growth is projected to reach above six per cent in 2022, higher than the previous forecast, and recording a remarkable increase from a 3.8 per cent surge in 2021
There is a synchronised downturn in the US, Europe, Japan, and also in China and that could take the global economy into a recession in the coming months
The US Energy Information Administration (EIA) now sees the Brent crude oil spot price averaging $102.13 per barrel this year and $95.33 per barrel next year, according to its November short-term energy outlook
Elevated margins asset quality pickup following a higher interest rate regime boosts bottomlines
The nation has made remarkable headway in the digital transformation of the financial sector with 95 per cent of the banking transactions going digital, and 90 per cent via smartphones
Across the Middle East, the current supply is projected to increase by 86 per cent by the end of the forecast period.