The Saudi Arabian Monetary Agency (Sama) has announced it is placing about SR20bn ($5.3bn) of time deposits with the local banking system “on behalf of government entities” to relieve upward pressure on domestic interest rates which have almost doubled since…
Day: September 26, 2016
Dubai real estate to continue to decline
Dubai’s residential and hospitality markets have rebalanced towards a “new normal” in the first six months of 2016, according the Deloitte Real Estate Predictions 2016 – H1 Review published today. The report predicts that residential sale prices will decline further…