Arabian Post StaffDubai International Financial Centre (DIFC) announced sustained performance in the reinsurance sector. The sector grew by 17.4% in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the Centre’s position as the leading reinsurance hub in the region.The DIFC confirmed that Gross Written Premiums (GWP) for Q1 2020 reached $472 million, on par with the same period during Q1 2019, reflecting […]
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 World Travel & Tourism Council (WTTC).According to the London-based international organisation, which represents the global Travel & Tourism private sector, the growing job losses are affecting every level of the industry and are gathering pace, as countries go into lockdown to […]
Arabian Post StaffAround 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit the continent’s OFS market hard and cut purchases by about $5 billion year-on-year, a Rystad Energy impact analysis shows.The European service market, which was expected to stay largely flat this year from […]
Arabian Post StaffThe World Travel & Tourism Council says up to 50 million jobs in the Travel & Tourism sector are at risk due to the global COVID-19 pandemic.Gloria Guevara, WTTC President & CEO, said: “WTTC figures show the stark impact on the Travel & Tourism sector of the present COVID-19 outbreak with analysis now suggesting that up to 50 million jobs are at risk in the sector globally”.“When the time is right, WTTC and the global private sector […]
Arabian Post StaffWhile the new low oil prices will test Saudi fiscal balances, they have the lowest cost barrels and with low debt can pull on sovereign reserves and take the pain, according to Chris Midgley, head of global analytics, S&P Global Platts.Crude fell sharply on Friday to test $45/bbl on the back of the failed talks and we now expect if to fall sharply as markets open […]
By Arabian Post StaffAlready struggling to grapple with a crisis of unprecedented proportions, the coronavirus outbreak is the last thing that Dubai and the UAE would have liked to see happen.Moody’s noted in one of its latest reports that the timing of the outbreak is particularly bad for the hospitality industry because it is has unfolded as the Lunar New Year gets underway. The holiday is one […]
DUBAI: Internet has changed the way the health sector in some of the African countries operates. Better internet and mobile connectivity have brought huge benefits to hospitals and health professionals. For instance, doctors and health care workers in the region are now able to exchange information in real-time, thereby improving disease diagnosis and patient management. Similarly, medical staff can now use video conferencing to consult with other […]
By Matein KhalidI had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, the […]
By Arabian Post StaffA surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism).The strong 4.3 per cent increase in volume growth compared to the same period last year was supported by highly […]
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Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East and Europe. He is an entrepreneur who grew several businesses from start-ups to millions in annual sales through effective business planning, quality of products, creative sales techniques and innovative marketing.
By Arabian Post StaffDubai International Financial Centre (DIFC) has announced a 45 percent growth in the Islamic assets being managed in the Centre over the past one year.Islamic finance is growing at 1.5 times the rate of traditional finance, and the Middle East, Africa, South Asia region (MEASA )continues to be a steady driver of this industry, fuelled by a number of jumbo sukuk issuances and almost […]
