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Gavin Gibbon and Megha Merani

Gavin Gibbon and Megha Merani
Shopping mall interior in Dubai. Despite price rises, Ramadan retail in the UAE is expected to surge 9% to $10 billion, supported by strong consumer demand

UAE companies raise prices for a second month

Companies in the UAE raised prices for a second consecutive month in February as they passed on higher input costs for materials, maintenance and technology. It was also the biggest price increase since September. Staffing costs also rose, adding to the price rises, according to S&P’s purchasing managers’ index (PMI), a monthly survey of economic […]

Saudi anti-corruption investigators looked into more than 50,000 cases in Riyadh between 2016 and 2023

Saudi Arabia’s anti-corruption efforts paying off

Bribery and abuse of influence are the leading corruption offences in Saudi Arabia’s public sector, according to a new report. Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha), formed in 2011, arrested 1,708 people last year on corruption charges, according to legal, risk and regulatory advisory company Secretariat. Charges included embezzlement, money laundering, forgery and misuse […]