Sale of residential apartments during the January-March quarter of 2019 rose by 3 per cent on a quarter-on-quarter basis to 33,000 units across seven major cities in the country, according to a report by real estate services and investment firm, CBRE.
Revival in auto sales seems to be in the waiting for now, as domestic sales declined for the eighth consecutive month in June. The decline in demand is attributed to the rise in cost due to newly-implemented safety norms, along with a liquidity crunch.
Harley-Davidson reported stronger sales in China and other Asian markets and said US sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 5.3 per cent.
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
Souq Al Jubail’s (SQAJ) fish market has projected sales of 1.9 million kilos of various types of local and imported fish during the first eight months of this year. This number is a testimony of the increasing demand for fresh produce by residents and visitors.