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OpenAI identifies 948 Linux privilege escalation flaws using AI // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Ousted top Kochi cop gets IG post // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // UK air traffic outage inflicted £33m financial losses // ADIA and partners establish $1.4 billion aviation venture // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Kochi police detain two actors over bid to honey trap doctor // Dubai boat show confirms international shipyard line-up for November // Middle East governments assess Iran war after US vote // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Oil and chip shares retreat after Democratic victories // Technology shares plunge as Nasdaq enters correction // Cloudflare unveils Zero Wire vulnerability intelligence service // APT29-linked campaign exploits outdated Apple and Android software //

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Stories that help determine the shape of economy in Middle East countries

Economy

West African states receive steady FDI flows

|By Arabian Post Staff|Foreign direct investment (FDI) inflows to West African countries increased 12% to $11.4 billion in 2016, supported by recovering investment in Nigeria, an analysis conducted by the Dubai Chamber of Commerce…

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JP Morgan to advise on Aramco IPO

JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected…

Economy

Emaar to split with Indian joint venture

|By Arabian Post Staff| Emaar Properties’ botched Indian experiment seems to have come the full circle. The Dubai property giant is…

Economy

Dubai Group scouts for Shuaa stake buyer

|Arabian Post Staff| Dubai Group, a member of the Dubai Holding,  has hired Emirates NBD to help find a buyer for its…

Economy

Diamonds lose shine to vacations, gadgets

|By Arabian Post Staff| Diamonds are losing their allure and prices are dropping below the levels that prevailed a decade ago.…

Economy

Oil output freeze in doubt

Russia’s oil output set a post-Soviet high in March as the success of a proposed crude production freeze between OPEC members and…

Economy

Al Shafar says IPO not abandoned

|By Arabian Post Staff| Dubai-based Al Shafar General Contracting (ASGC) plans to revive its stalled IPO plan at an appropriate time, according…

Economy

Oil price crash hits banks badly

|By Arabian Post Staff|The impact of the massive decline in oil prices has finally reached the door steps of the banking…

Economy

DP World debt $7.6b; leveraging 3.2 times

|By Arabian Post Staff|DP World’s gross debt rose to $7.6 billion, with the net debt climbing to $6.2 billion, the company…

Economy

Threat of defaults begins to haunt

|By Arabian Post Staff| A sudden spurt in the number of new project announcements despite the weakening sentiments and a clear…

Economy

Corporate tax plan ‘challenging’ for UAE

|By Arabian Post Staff| The route to implementing a corporate income tax in the UAE would appear to be more treacherous…

Economy

Moody’s places Abu Dhabi in downgrade review

|By Arabian Post Staff| Moody’s has placed United Arab Emirates, along with Abu Dhabi emirate,  under review for a possible downgrade.…

Economy

Now watch out for federal tax authority

|By K Raveendran| With the VAT announcement already having been made, the next landmark decision business circles are keenly watching out…

Economy

GCC faces serious refinance challenge

|By Arabian Post Staff| The need to part-finance funding gaps by the GCC countries through sovereign US dollar debt will complicate…

Economy

ICD seeking $1billion-plus loan for real estate

|By Arabian Post Staff| Investment Corporation of Dubai is seeking to raise over a billion dollars for its real estate projects,…

Economy

VAT to further distress retail industry

|By K Raveendran| A clear assessment of the impact of the introduction of value added tax (VAT) in the UAE is…

Economy

L&T Financial upgrades DIFC services

|By Arabian Post Staff| L&T Financial Services , a subsidiary of L&T Capital Markets Limited (LTCML), has upgraded its DIFC licence…

Economy

Turbulence in oil sector ‘far from over’

/By Arabian Post Staff/ Despite the recent price bounce in oil, turmoil in the sector may be far from over, Bank…

Economy

Enoc to expand retail business by 40%

/By Arabian Post Staff/ Emirates National Oil Company (ENOC) plans to increase its retail business by 40 per cent between 2016…

Economy

UAE construction group to invest $100m in expansion

|By Arabian Post Staff| Ajman-based Tech Group, comprising a number of construction verticals, announced an investment of $100 million for the…

Economy

HSBC cuts Emaar price on property slump

HSBC Holdings cut its price estimates for Dubai developer Emaar Properties and peers including Damac Properties Dubai Co., predicting falling revenue…

Economy

Etisalat sues Nigerian rival

Emirates Telecommunications Group Co is suing Nigeria competitor MTN Group Ltd. over plans by Africa’s biggest wireless company to buy local…

Economy

Oil bulls see 50% rebound by 16-end

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by…

Economy

Low oil dampens Dubai’s Iran advantage

|By Arabian Post Staff| The low oil prices are likely to dampen the impact of Iran deal for Dubai, although the…