News | Middle East
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Developers Investment
Dubai Property Market Recovers
Sunday, 31 January 2021
The Dubai property market has shown signs of recovery in the second half of 2020, despite the mobility restrictions and economic downturn caused by the coronavirus pandemic, Zawya reports.
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Dubai Property Prices Drop 0.9%, Rents Fall 6.9% in Q3 2020
Wednesday, 23 December 2020
The Central Bank of the UAE (CBUAE) has reported that residential prices in Dubai dropped 0.9% YoY in Q3 2020, referring to inexorable pressure from the ongoing Coronavirus crisis.
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Dubai’s Resale Home Deals Hit 7-Yr High: Property Finder
Thursday, 17 December 2020
The latest data by Property Finder Group shows Dubai's resale home deals have hit the highest record in almost seven years, with 2,179 transactions sealed in just one month.
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Egypt’s Hotels Worst Hit in MENA Region Amid COVID-19: Colliers
Wednesday, 25 November 2020
Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despite the resumption of international flights and reopening of prime tourism spots.
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Informa Markets Sees Hope in Revival of MENA Real Estate
Sunday, 11 October 2020
New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE opens its doors to tourism, with Abu Dhabi, Turkey, Saudi Arabia, and Egypt in tow.
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ADTIC Announces Renovation of its Egyptian Hotels
Sunday, 13 September 2020
Abu Dhabi Tourism Investment Company (ADTIC), a subsidiary of the Abu Dhabi Fund for Development (ADFD), has uncovered a major refurbishment project for its hotels in Egypt, aiming for completion in H2 2021.
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Ascott Secures 25 New Properties Globally Despite Pandemic
Thursday, 25 June 2020
CapitaLand’s wholly-owned lodging subsidiary The Ascott Limited has secured contracts for 25 new properties that contribute over 5,400 units across 19 cities around the world, amid the COVID-19 headwinds.
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Elsewedy Electric Among Forbes’ 100 Top Mideast Companies in 2020
Wednesday, 17 June 2020
Egypt-based Elsewedy Electric has been recognized among the top 100 companies in the Middle East by Forbes, due to its sector-based contribution to significantly boost local economic growth.
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Middle Eastern Funds to Increase Investments in Egypt
Tuesday, 5 May 2020
Middle Eastern fund managers plan to raise their investments in Egypt in the second quarter of 2020
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COVID-19 to Batter GCC Corporate Earnings in H1: Analysts
Thursday, 30 April 2020
GCC corporate earnings will be negatively impacted in the first half (1H) of the year as businesses and the economy have been severely hit by the COVID-19 pandemic, Reuters reports.
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Last Modified March 4, 2021