Arabian Post StaffAnghami Inc, the music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisition Company Inc., a publicly traded special purpose acquisition company led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, announced they have sought regulatory approval for their proposed business combination.The business combination is subject to customary closing conditions, including the approval of VMAC’s […]
Arabian Post StaffTrump’s former inaugural chairman Tom Barrack has been indicted for illegally promoting the interests of UAE by building a backchannel to senior US officials, US media reports said.According to Bloomberg, Barrack and two of his associates were charged with failing to register as foreign agents for work they allegedly did to promote the United Arab Emirates’ foreign policy interests and increase its political sway in […]
Arabian Post StaffPirelli has launched a new type of tyre dedicated primarily to electric or hybrid cars and SUVs. Made to support the weight of new vehicles equipped with batteries, the tyre is perfect for heavier vehicles, such as electric cars. It is designed to provide low rolling resistance as well as a high level of driving comfort.The new tyre features the HL (high load) marking on […]
Arabian Post StaffThe Armenian National Interests Fund (ANIF) and Sharjah’s low cost carrier Air Arabia announced the signing of an agreement to launch Armenia’s new national airline. The agreement will see the establishment of an independent joint venture company that will operate as a low-cost passenger airline with Yerevan’s Zvartnots International Airport (EVN) as its base.The announcement was made following a signing ceremony and a press conference […]
Arabian Post StaffThe world’s newest anti-viral treatment for COVID-19, Sotrovimab, is now available for early treatment of certain categories COVID-19 patients in the UAE following a landmark agreement between the Abu Dhabi Department of Health, the country’s leading group purchasing organization (GPO) Rafed, and GlaxoSmithKline (GSK).With the arrival of the first shipment yesterday in Abu Dhabi airport, Abu Dhabi become the first location globally to receive this […]
By Saifur RahmanBilateral trade between Portugal and the UAE grew to US$394.20 million (€324 million) in 2020, up from US$358.3 million in 2019, according to a top official.This reflects the fact that the two-way trade between the two countries increased during COVID-19 pandemic.The volume of non-oil trade exchange between the two countries during the past 10 years amounted to about US$2.89 billion, while the mutual visits and […]
By Saifur RahmanDubai: Bilateral trade between Poland and the UAE has exceeded US$1 billion in recent years, making the UAE the top trading partner of Poland in the Middle East, according to a top government official.“Our total trade with the GCC countries exceeded US$4 billion in recent years (US$4.9 billion In 2019 and US$4.1 billion in 2020), making it the largest trading partner of Poland among Arab countries,” […]
By Arabian Post StaffDP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis.The first quarter witnessed a strong start to the year and all three regions delivered growth, especially our terminals in India and Australia. […]
Arabian Post StaffSHUAA Capital has led a USD 50 million structured Sukuk for Pure Harvest Smart Farms, the world-leading, sustainable technology-enabled agribusiness based in the UAE. SHUAA also co-invested in Pure Harvest through its managed funds as part of this funding round.SHUAA originated, structured and placed the innovative financing solution, which comprises a USD 50 million 3-year sukuk with embedded warrants. Simultaneously, Pure Harvest has also raised […]
Arabian Post StaffSHUAA and its subsidiaries achieved an FY 2020 net profit attributable to shareholders of AED 125 million, up 168% year on year, with continued strong EBITDA generation of AED 349 million, up 89% year on year. Despite significant valuation adjustments across the Group’s listed and unlisted assets and portfolios, the results benefited from three consecutive quarters of profit.Assets under management increased to a record USD […]
Arabian Post StaffBy 2025, more than 75% of venture capital (VC) and early-stage investor executive reviews will be informed using artificial intelligence (AI) and data analytics, according to Gartner.“Successful investors are purported to have a good “gut feel” — the ability to make sound financial decisions from mostly qualitative information alongside the quantitative data provided by the technology company,” said Patrick Stakenas, senior research director at Gartner. “However, this “impossible to […]
Arabian Post StaffMohamed Said Guedi, Founder and Chairman of the diversified MSG group of companies, has been granted the 10-year golden visa by the UAE government. The honour is in recognition of his outstanding services as a businessman and entrepreneur who has helped grow several businesses from start-ups into multi-million dollar entities.Mr. Guedi is the first Djibouti national to receive the coveted golden visa. He was presented […]



