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1 million jobs lost daily in travel & tourism sector
Arabian Post StaffA staggering one million jobs are being lost every day in the Travel & Tourism sector due to the sweeping effect of the coronavirus pandemic, according to the
DP World reports robust results post-delisting
Arabian Post StaffDP World, which recently announced delisting of its shares from Nasdaq Dubai, reported revenue growth of 36.1% and adjusted EBITDA increase of
DIFC claims record growth in 2019
Arabian Post Staff Dubai International Financial Centre (DIFC) announced a record growth in 2019. The total number of firms in the Centre reached 2,437, up 14%
Saudis can take pain with the help of reserves
Arabian Post StaffWhile the new low oil prices will test Saudi fiscal balances, they have the lowest cost barrels and with low debt can
IATA forecasts $63b-113b revenue loss to airlines due to virus
Arabian Post Staff The International Air Transport Association (IATA) sees 2020 global revenue losses for the passenger business of between $63 billion (in a scenario
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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
Emirates Steel, Abu Dhabi Ports sign deal worth AED1 billion
|By Arabian Post Staff| UAE's integrated steel maker Emirates Steel, nd a subsidiary of the General Holding Corporation (SENAAT), has
Real Estate & Construction
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San Francisco hedge fund ambushes NMC Health on the London Stock Exchange
By Matein Khalid NMC Health PLC, the UAE’s leading private operator of medical clinics and hospitals with a footprint in 17
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
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Also on TAP
The Most Spectacular Hotels in Arabia
Caption: Lose yourself in a Moroccan Paradise at the Es Saadi ResortArabia is a beautiful and varied landscape,
50m travel, tourism jobs at risk
Arabian Post StaffThe World Travel & Tourism Council says up to 50 million jobs in the Travel & Tourism sector are at
DP World reports robust results post-delisting
Arabian Post StaffDP World, which recently announced delisting of its shares from Nasdaq Dubai, reported revenue growth of
Chess: The Next Dubai Gambling Flashpoint?
The issue of gambling has reared its head more than once in Dubai in recent years, as the
DIFC claims record growth in 2019
Arabian Post Staff Dubai International Financial Centre (DIFC) announced a record growth in 2019. The total number of firms in
Saudis can take pain with the help of reserves
Arabian Post StaffWhile the new low oil prices will test Saudi fiscal balances, they have the lowest cost
More Women Means More Success for UAE Start-Ups
Over the past few years the UAE has seen a boom in start-ups and online businesses. The influx
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
