With only around 10 per cent of Saudi’s currently owning their home, the new mortgage laws could be set to boost real estate firms, banks and society overall.
Harsh winters, quantitative easing and political unrest have pushed crude over $90 a barrel in the last three months. Rising oil prices could cause a double dip recession.
Amid widespread regional unrest, the UAE has reclaimed its mantle as the oasis of opportunity in the desert, although, worryingly, it’s just too early to rule out future political unease.