Wednesday , February 21 2018
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Saudi Arabia's $32bn bid to build private mortgage market

Saudi Arabia plans to spend 120 billion riyals ($32 billion) on subsidized home loans for borrowers, as it seeks to create conditions for an expanded private-sector role in a mortgage market dominated by the government. The kingdom’s new housing program, announced on Monday, also includes an 18 billion riyal loan-guarantee …

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Gold jewellery demand at 20-year low in the UAE

Gold jewellery demand in the UAE sank to a 20-year low last year, the fourth consecutive annual decline, the World Gold Council said. Purchases fell 2 percent to 42.8 tons last year, the producer-funded council said Tuesday in an emailed report. The drop occurred even after fourth-quarter demand gained 16 …

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