Bank lending has increased substantially in recent years. According to data from the Saudi Arabian Monetary Agency (SAMA), the Kingdom’s central bank, bank claims on the private sector had reached SR965.3bn ($257.25bn), up 12.5% from SR858.4bn ($228.76bn) at the end of 2011 and nearly double the 2007 figure of SR577.9bn ($154bn...
Flying in the face of ongoing global economic malaise which has seen many Western economies struggling to regain their composure, Saudi Arabia continues to post strong economic growth on the back of its thriving petroleum sector anchored by a steady political and financial base. Although higher-than-expected oil demand played a...
As part of its plan to end its reliance on oil and gas, Abu Dhabi is looking to become a business centre on a world scale, based on high-end manufacturing, tourism and the knowledge economy. An essential part of doing this is connectivity, both in terms of transport links and of telecommunications. To this end, the emirate has been investing heavily...
Located a 30-minute drive from downtown Abu Dhabi City, Yas Island hosts several of the emirate’s major touristic attractions, including the Yas Marina Circuit, Ferrari World and the Yas Waterworld water park. These options offer a variety of activities and experiences designed to entertain everyone from international business travellers to...
While beaches and golf courses may attract some of Abu Dhabi’s leisure tourists, the emirate’s cultural offerings are also draw domestic and international visitors. Major cultural attractions include the historical city of Al Ain, which was granted UNESCO World Heritage Site status in 2011 and is home to the oldest museum in the UAE. In Abu Dhabi...
DRESS: Many Emiratis prefer to wear traditional garb. For those living in Abu Dhabi, the dress code is relatively relaxed when compared to neighbouring states. Western-style attire is acceptable, but women should be careful to adhere to a conservative dress code. Business suits are the standard...
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