JLL: Abu Dhabi real estate market declines in Q2

The oil sector comprises half of Abu Dhabi?s GDP therefore, the reduced oil price and the announcement by ADNOC to cut 5,000 jobs by year-end, has had a major impact on employment growth
Source: New feed

Zoomlion profits continue to slide in H1 2016

Chine state-owned giant sees no end in sight for Chinese equipment depression, though streamlining and new revenue streams should improve H2 results
Source: New feed

Saudi realty sales fall to 10-year low

Real estate experts said the drop is caused by the new white land fees regulation, which requires owners of empty undeveloped land to pay a 2.5% yearly fee on the value of their property
Source: New feed