Middle East business information

According to a report by Kuwait Finance House, the country's real estate market, especially the investment property sector, is gradually recovering with high demand by investors looking to achieve regular revenues, Kuna has reported. Total real estate investments grew to KD150.7m in the third quarter of this year, the report said. The report also lauded a recent decision by the Kuwaiti cabinet to ban building in four new housing cities where infrastructure is still incomplete, saying it has added 'a fresh dimension to the housing movement in the country.'