Shane McGinley

Dubai

Middle East Editor at AGBI

Dubai-based journalist, author of crime fiction and Bloody Scotland Pitch Perfect winner 2023. Rep: @oliagent at @AMHeathLtd

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Articles

Abu Dhabi housing

1 week ago | arabianbusiness.com | Shane McGinley

Abu Dhabi housing Sheikh Khaled approved 4 housing projects in Abu Dhabi Latest in Abu Dhabi housing Abu Dhabi housing Abu Dhabi Housing Authority has delivered $46bn of benefits to citizens since it was launched Abu Dhabi UAE President brings Abu Dhabi Housing Authority benefit payments to more than $44bn Abu Dhabi by Staff Writer Fri 14 Jun 2024Fri 14 Jun 2024 The housing benefits package will be distributed among 2,015 citizens which includes housing loans worth over $800m for 1,766...
European slump hits Middle East air cargo demand

2 weeks ago | agbi.com | Shane McGinley

Logistics Demand down in Middle EastDespite global growthEuropean routes impactedDemand for air cargo in the Middle East declined year on year in March, bucking a global growth trend, with the region’s European trade route the hardest hit.
Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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...
PIF sets up company to develop Saudi hotel brands

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.
Middle East-Europe is 'fastest-growing route for air cargo'

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.
Retail rents rise at Dubai malls due to lack of supply

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.
Record gold price dents demand for Swiss bullion in Gulf

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.
Qatar is first Gulf state to join US visa waiver programme

Sep 24, 2024 | agbi.com | Shane McGinley

Qataris can visit US for 90 days Agreement starts December 1Extended Qatar stays for US citizensQatar has become the first Gulf state to join the US visa waiver programme, allowing Qatari citizens to visit visa-free for up to 90 days from December 1.
Champagne shipments to the Gulf slow but still flowing

Sep 12, 2024 | agbi.com | Shane McGinley

Yuri Arcurs/Alamy via Reuters Connect 3.5m bottles shipped to Gulf in 2023Comité Champagne sees 40% growthGulf bucks the downward global trendThe growth in champagne shipments to the Gulf has slowed in recent years but the market is still one of the strongest in the world, bucking a global trend for declining sales.
Ultra-wealthy pinpoint Gulf to set up family offices

Sep 10, 2024 | agbi.com | Shane McGinley

Most interest from US and AsiaDubai making set-up easierFavourable taxes a big advantageUS private equity investor Leon Black, who has a net worth of around $14 billion, last week confirmed he was opening a branch of his family office in Abu Dhabi. The co-founder of New York investment giant Apollo Global Management Inc.