The Joint Technical Committee (JTC) of the OPEC+ group maintained at a meeting on Monday its outlook for global oil demand growth at around 6 million barrels per day (bpd) this year, two OPEC+ sources told Reuters.

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Dubai’s property market is powering out of a six-year malaise as “lockdown dodgers” and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery.

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In many countries, inflation has returned to positive territory, albeit timidly, after sitting below zero for much of 2020. Analysts believe that inflation will continue upwards as the year advances, although most agree that its annual rise will be less than 2% in the Eurozone and US. However, even a small uptick in inflation translates to higher prices for most consumer goods including houses.

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The UK’s retail industry is likely to face a ‘tsunami of closures’ if the British government does not extend a moratorium on aggressive debt enforcement, industry lobby group the British Retail Consortium (BRC), said at the weekend.

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Dubai: Developers in Dubai will need to pay off the 4 per cent property registration fees within 60 days – and delays beyond that would lead to penalties being imposed.

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The size of the real estate sector is projected to cross USD 1 trillion by 2030, Housing and Urban Affairs Secretary Durga Shanker Mishra said on Monday. ”In 2019-20, real estate sector contributed nearly 7 percent to our GDP.

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TOKYO — Goldman Sachs will increase its property investments in Japan to about 250 billion yen ($2.28 billion) a year from the current range of 100 billion to 150 billion yen, with a focus on logistics hubs, data centers and other facilities that enjoy growing demand.

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