Shane McGinley

Jan 18, 2025 | arabianbusiness.com | Gavin Gibbon |Shane McGinley |Sam Bridge |Andrew Sambidge

Skip to content car sales car sales Online retail giant dubizzle share data on most popular car models in the UAE Latest in car sales car sales by Andrew Sambidge Sun 6 Feb 2022Sun 6 Feb 2022 Regional boss says MG now has a 3.8% market share in the GCC after total sales of 41,165 units in 2021 automobile industry Saudi Arabia represented Peugeot’s highest volume of H1 2021 sales, seeing a 124% increase when compared to 2020 BMW New brand rankings reveal enduring appeal of Toyota, Lexus, Honda...

Dec 10, 2024 | agbi.com | Shane McGinley

Alamy/Jackie Ellis via Reuters Adeera will build new hotelsTraining programmes for SaudisGoal of 150m annual touristsSaudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched Adeera, a hotel management company. The aim is to develop homegrown Saudi hotel brands and help the kingdom achieve its goal of attracting 150 million annual tourists.

Dec 3, 2024 | agbi.com | Shane McGinley

Alamy/Illustronaut via Reuters Connect 15.3% growth in OctoberPartly down to Red Sea crisisIATA warning for 2025The Middle East-Europe route for air cargo was the fastest growing in the world in October, according to International Air Transport Association figures. Annual growth in cargo tonne-kilometres stood at 15.3 percent in October, IATA said. The global average is 9.8 percent and the Middle East average is 4.5 percent.

Oct 26, 2024 | agbi.com | Shane McGinley

Dubai mall rents up 15%No new completions in Q2Vacancy rates down to 9%Rents in Dubai’s retail sector grew by an average of 15 percent in the third quarter of this year, as a lack of new supply and high demand from shoppers meant it remained a landlords’ market at the emirate’s popular malls. There were no new completions of retail space in the second quarter of the year, according to consultants JLL.

Oct 18, 2024 | agbi.com | Shane McGinley

UAE imports dive 42%Saudi demand down 65%Gold price tops $2,700Swiss gold exports to Saudi Arabia and the UAE have slumped in the past year, as its price rose by more than 30 percent driven by geopolitical challenges. Gold passed $2,700 per ounce on Friday for the first time ever. A year ago it was $1,980 per ounce, and a month ago $2,559. While global exports fell by nearly 20 percent year on year in September, the drop was even more pronounced in the Gulf’s biggest markets.