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$500b worth family businesses to be inherited in Middle East
By Arabian Post Staff More than US$500 billion (Dh1.8 trillion) worth of family wealth will be passed on to the next generations in the Middle East and North Africa (MENA) region
Number of new millionaires up by 1.1 million
By Arabian Post Staff The changing landscape of the US$360 trillion (Dh1,321 trillion) global wealth is now more than four times the global GDP
Emaar third quarter net profit up 20%
By Arabian Post Staff Emaar Properties recorded robust increase in net profit by 20 per cent during the third quarter (July to September) of 2019
Air Arabia third quarter profit up 57%
By Arabian Post StaffAir Arabia announced a record net profit of AED 471 million for the three months ending September 30, 2019; an increase
Emirates Group profit grows 8% to Dh1.2bn
By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2
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Banking & Finance
ADX signs MoU with SWIFT for securities transaction process
|By Arabian Post Staff| Abu Dhabi Securities Exchange (ADX) has signed a Memorandum
Saxo Bank upgrades Dubai to hub
|By Arabian Post Staff| After posting a 10 per cent year-on-year rise in
RAKBank third quarter profit doubles
|By Arabian Post Staff| National Bank of Ras Al Khaimah (RAKBank) Group
Business
Azizi project completes first stage of construction
Azizi Developments, one of the leading private developers in the UAE, has announced a construction update for their upcoming AED
Real Estate & Construction
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Columns
Pakistani equities now offer 40% upside to contrarian investors
By Matein KhalidGeorge Soros once observed “the big money in emerging markets is made when things go from Godawful to
Showtunes, securities fraud and a haunted hoverboard
In a small West Village theater last week, an audience cheered on the Wu-Tang Clan and Bill Murray as they stole a
Japan Q1 GDP, China property prices
This time, the day’s big Trump-Russia-Comey news waited until around 6:00 to break.Former FBI director Robert Mueller has been selected by the
The reasons for a stagnating US public equity listings market
This week’s 20th anniversary of Amazon’s initial public offering has thrown into sharp relief the stagnation of the US public equity listings
Hong Kong selfie-app group Meitu given lesson in index membership
A selfie-app company learned the value of index membership on Wednesday, when shares in Meitu Inc dropped 9 per cent after MSCI
Companies
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Emaar third quarter net profit up 20%
By Arabian Post Staff Emaar Properties recorded robust increase in net profit by 20 per cent during the third
Goldman Sachs Aramco IPO valuation is insane
By Matein Khalid I literally laughed when I heard that Goldman Sachs put a valuation range of $1.6 to
Air Arabia third quarter profit up 57%
By Arabian Post StaffAir Arabia announced a record net profit of AED 471 million for the three months
Emirates Group profit grows 8% to Dh1.2bn
By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an
Djibouti set to open one of the largest mosques in the country
By Arabian Post StaffDJIBOUTI: Just a few kilometres from the centre of the capital city of Djibouti, experts
Mohamed Said Guedi: Businessman with a Midas touch
Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East
GE upbeat on Saudi energy manufacturing sector
Saudi Arabia’s energy-sector manufacturing – industrial activities that are principally related to the energy value-chain – are set
FT Select
Google to launch standalone VR headset later this year
Google has unveiled a new kind of standalone virtual reality headset that does not need to be wired
Deepening US political controversy stalks markets
US stocks were on track for their worst session for eight months on fears that US President Donald
Trump crisis grows as Republicans demand to see Comey memo
Donald Trump is facing the gravest crisis of his presidency following the claim that he urged James Comey,
Paralysis grips Republicans over Donald Trump
If America’s political system were working as it should, Donald Trump would be on his way out. Either
Comey memo says Trump asked FBI chief to drop Flynn probe
Donald Trump in February asked James Comey, then head of the FBI, to halt an investigation into Michael
In Pictures
NASA's IceBridge Wraps Up 2017 Arctic Campaign With Southern Greenland Flight
A fjord in southern Greenland, as seen during Operation IceBridge's last flight of the 2017 Arctic campaign, on May 12, 2017. This final full science flight, ICESat-2 South, was designed along the ground tracks of NASA’s upcoming ICESat-2, to fill in a gap in altimetry coverage of central southern Greenland. Source link
