CBUAE

Rental prices for villas in Dubai surge 16.2%: CBUAE

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RIYADH: Dubai’s real estate market witnessed strong growth in 2023, with rental prices for villas surging 16.2 percent year-on-year in the fourth quarter, official data showed.  According to the latest report released by the Central Bank of the UAE, median leasing rate prices soared by 10.2 percent in the final three months of last year compared … Read more

UAE Islamic banks assets hit $191bn: CBUAE

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RIYADH: Saudi Arabia concluded its riyal-denominated sukuk issuance above the $1 billion mark for the fourth consecutive month in March, government data showed.  The Kingdom’s National Debt Management Center revealed three tranches of the Shariah-compliant debt product were closed at SR4.44 billion ($1.18 billion).  It was in November that Saudi Arabia’s sukuk issuance dropped below the $1 billion mark at … Read more