AB espresso: Five stories to start your day

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Hello reader,

In today’s newsletter:

UAE savings guide: How to save more of your salary with the 50/30/20 ruleDubai real estate: London Gate unveils details of record-breaking $545m Franck Muller residential clocktower, prices start at $435,000Vision 2030: Saudi Arabia’s escape from the economic pitfalls of ‘Dutch Disease’Bentley CEO: Middle East buyers ‘love’ customisation, buying more cars as rest of the world suffer global economic headwindsRevealed: Cryptocurrency market set for zoom ride in 2024 amidst talk of Bitcoin price hitting historical $100,000 mark

On Tuesday, Arabian Business covered some of the most happening stories in the region, which included the London Gate unveiling details of record-breaking $545m Franck Muller residential clocktower, Saudi Arabia’s escape from the economic pitfalls of ‘Dutch Disease’ and more.

That said, here are five trending stories you missed yesterday.

If you have been planning to open a savings account this year, but struggle with creating a proper budget for yourself, try out the 50/30/20 savings rule, as recommended by UAE personal finance experts.

In the real estate sector, a Dubai real estate developer has unveiled details on a record-breaking skyscraper inspired by Swiss luxury watchmaker Franck Muller.

Aside from this, in Saudi Arabia, under its Vision 2030 blueprint, the kingdom has worked to transition its oil-dependent economy to a post-hydrocarbon future, and in the process avoid the pitfalls of “Dutch Disease.”

Meanwhile, the luxury car market globally has started to see signs of slowing as interest rates rise and macroeconomic conditions weaken. However, one region continues to be a bright spot- the Middle East. According to Adrian Hallmark, Chairman and CEO of Bentley Motors, demand in the Middle East remains strong compared to elsewhere.

Moreover, the cryptocurrency market is gearing up for a zoom ride in 2024 with Bitcoin price predicted to hit a historical $100,000 mark this year, amidst the growing euphoria around Bitcoin ETF (exchange-traded fund) approval by the US market regulator and the next halving of the digital currency creating waves of positive sentiments among investors.