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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

Press Dossier

By Date

24/08/2021

	Dubai's most affordable areas for tenants: Rents start from Dh14,000 The vast majority of communities across Dubai recorded rental rate growth in the second quarter of 2021, resulting in an average increase of three per cent and eight per cent for apartments and villas, respectively.
	Dubai villa, apartment prices to rise modestly in coming years Dubai's residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.
	RAK ICC and RAK DED launch opportunity for offshore companies to expand in the mainland RAK International Corporate Centre (RAK ICC), an international corporate registry in Ras Al Khaimah, has recently signed an MoU with the RAK Department of Economic Development (RAK DED) to introduce a new opportunity for global investors to set up a corporate structure allowing offshore companies to carry out their commercial activities in Ras Al Khaimah by establishing subsidiaries with RAK DED.
	HP and Emirati authorities shut down large-scale counterfeiting facilities Emirati officials with, the help of HP partners, announced that they have successfully dismantled multiple major counterfeiting schemes designed to assemble and distribute illegal HP printer cartridges in the UAE market.
	Saudi labor courts issued more than 110,000 rulings in two years The Saudi Ministry of Justice said the Kingdom’s labor courts had conducted more than 330,000 hearings and issued more than 110,000 rulings in the past two years.
	Saudi Arabia, Russia ink deal aimed at developing military cooperation Saudi Arabia on Monday signed an agreement aimed at developing military cooperation with Russia.
	Kuwait looks to regulate local used car trade market Kuwait’s traffic authorities are studying the possibility of setting a limit for the maximum number of cars non-Kuwaiti residents in the country can own, in an effort to regulate the local used car market.
	Virtual hearings help DIFC courts handle rise in claims A rapid transition to remote hearings helped Dubai International Financial Center courts handle a significant year-on-year increase in claims filed with the English-language common law jurisdiction, figures released on Monday show.

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