Edmund Bower on Muck Rack

Edmund Bower

Verified
Beirut, Dubai
As seen in: Arabian Gulf Business Insight (AGBI), MSN, MSN Ireland, MSN UK, MSN India, The Guardian, The Independent (UK), The Telegraph, Yahoo Canada, Yahoo News, Yahoo News UK and
Reporter covering Saudi Arabia for AGBI. Based between Riyadh and Dubai. Formerly Beirut and Cairo. @AGBInsight
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Articles

Saudi foreign property rules deliver clarity but few buyers

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By Edmund Bower Verified
| Arabian Gulf Business Insight (AGBI) Verified
Demand expected to grow gradually Regional buyers likely to be first Wider interest now emerging Saudi Arabia’s regulations for foreigners who want to buy property in the country have given developers and investors more clarity, but have yet to spur demand, brokers and consultants have said. Comprehensive information on how and where non-Saudis can buy was published by the Real Estate General Authority last month, almost six months after the law allowing it came into effect.
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Saudi room occupancy holds steady as hotels slash prices

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By Edmund Bower Verified
| Arabian Gulf Business Insight (AGBI) Verified
Rates down as foreigners stay away Saudi lifted by domestic market Licensed facilities up 23% Hotel occupancy in Saudi Arabia held steady in the first quarter of this year but room prices fell in response to a drop in foreign visitors. Room occupancy across the country came to 61 percent in the first quarter, according to the General Authority for Statistics (Gastat).
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Saudi banks slow lending as PIF cutbacks bite

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By Edmund Bower Verified
| Arabian Gulf Business Insight (AGBI) Verified
Credit growth falls from 5.4% to 2.2% Wealth fund tightens spending Overall construction stays buoyant Bank lending in Saudi Arabia slowed by more than half in the first five months of this year, compared to the same period of 2025, following the scaling back of government-supported development projects and increases in global interest rates.
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