|By Arabian Post Staff|ADNOC plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources, the company announced. ADNOC will spend over AED 400 billion over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects, the company announced. The Supreme Petroleum Council (SPC) approved ADNOC’s key strategic […]
|By Alia Al-Khater| The Middle East has a long history of coffee drinking traditions. Over the years, the traditions have been shifting towards more Western ones. More recently, numerous specialty coffee shops are being opened, many of which are run by local independent business owners. As people are beginning to appreciate quality coffee, the region can be characterized by its vastly expanding market for coffee drinking. Many of these […]
|By Arabian Post Staff| Dubai Land Department (DLD) has announced the updated rental index for 2018, covering all residential, commercial and industrial properties in the Emirate of Dubai. DLD’s specialists have adopted a variety of mechanisms to carry out the upgrade process, including reading the average data of tenancy contracts registered in the ‘Ejari’ system and the real estate data and units registered in DLD’s databases. The […]
|By Arabian Post Staff| Emaar Development said on Thursday it plans to price its initial public offering in between Dh5.7 to Dh6.9, thereby valuing the company at Dh25.2 billion. The company plans to offer 800 million shares or 20 per cent of the share capital, it said in an emailed statement.The final price will be announced on November 16, and the shares will be listed on the […]
|By Arabian Post Staff| NRI Emirati Investors Group, a new UAE-based group formed by the Business Leaders Forum (BLF), announced that it will raise US$1 billion (Dh3.67 billion) in commercially viable big-ticket projects in India. The announcement was made at the inaugural two-day India-UAE Partnership Summit (IUPS) taking plae at the Armani Hotel, Burj Khalifa, Dubai. This would be the largest such collective fund-raising programme by a […]
|By Arabian Post Staff|Saudi Crown Prince Mohammed bin Salman put the kingdom somewhat in the ‘Dubai mode’ announcing the launch of an initiative backed by more than $500 billion investment to transformation of the kingdom into a leading global hub through the introduction of value chains of industry and technology. The plan, known as Neom, spires to make the country the “safest, most efficient, most future oriented, […]
|By Arabian Post Staff|Saudi Arabia is holding one of its most important investment summits ever, named the Future Investment Initiative (FII), considered to be game-changing forum in Riyadh. The landmark event is being attended by more than 2,500 delegates and internationally-renowned business and investment leaders from over 60 countries. The three-day event will explore new trends, opportunities, challenges and emerging industries that will shape the world economy and […]
|By Arabian Post Staff|The National Commercial Bank announced that net income for the nine months of 2017 reached SAR 7,246 million compared to SAR 7,030 million for the same period of the previous year, an increase of 3.1%. NCB’s net profit for the third quarter reached SAR 2,126 million compared to SAR 1,962 million for the same quarter of the previous year, an increase of 8.4%. NCB […]
|By Arabian Post Staff| Abu Dhabi Securities Exchange (ADX) today announced the launch of its latest investment service ‘Technical Short Selling’ (TSS), an addition to the existing suite of services and products provided by ADX to investors through brokerage firms. The launch of this new service falls in line with ADX’s strategy to increase liquidity levels as well as diversify investment and hedging instruments in order to […]
|By Arabian Post Staff| Middle East Venture Partners (MEVP) announced the launch of its third MENA venture capital fund – the Middle East Venture Fund III (MEVFIII) – with a target size of $250 million. MEVFIII will invest in innovative early-stage and growth-stage tech companies in the MENA and Turkey region. The launch of the new fund follows the announcement in May 2017 that Mohamed Alabbar and MEVP […]
|By Arabian Post Staff| DP World Limited announced it has entered into agreements to acquire Maritime World LLC, owners of Dubai Maritime City, and Drydocks World LLC for a total cash consideration of $405 million. Of this, the Dubai Maritime City owners are to be acquired for $180 million while the Drydocks World for a cash consideration of $ 225 million. DMC is a world class maritime […]
|By Arabian Post Staff| The UAE Federal Tax Authority (FTA) announced that it will open online registration for tax purposes for businesses in mid-September 2017. The announcement was made at a media briefing by the FTA to familiarise with various aspects of the FTA’s work. The briefing also covered the implications of the tax procedures for boosting the momentum of the UAE’s sustainable economic development. Khalid Ali […]
|By Arabian Post Staff| Tourism Authority of Thailand (TAT) announced the reintroduction of its Women’s Journey Thailand campaign offering a range of activities, special deals, discounts and privileges in Thailand during the month of August. According to the latest statistics of international arrivals to the kingdom, the growth of female travellers has risen significantly over the past few years. According to Mrs. Srisuda Wanapinyosak, TAT Deputy Governor […]
|By Matein Khalid| The financial markets finally cottoned on the increasingly sordid political realities created by the Trump White House. Trump could well be impeached for obstruction of justice if he tried to pressure FBI Director James Comey to drop an investigation on disgraced General Michael Flynn’s contacts with Russian intelligence before the election. The appointment of a special prosecutor to investigate the scandal means Washington is […]
Predictive analytics and machine learning are two technologies we’re hearing a lot about these days. But do they actually present real opportunities for business value? For Flexi-Van Leasing, one of the largest chassis providers in North America with 12 locations and a fleet of more than 130,000 units, the answer at this point is an emphatic “yes.” Cyberwar and the Future of Cybersecurity The company’s chassis units […]
A recent poll put Mr. Raisi in second place in the race for the presidency, with 27 percent of the projected vote. The same poll, by the Iranian Students Polling Agency, projected that the incumbent president, Hassan Rouhani, will get around 42 percent, depending on the turnout on Friday. Continue reading the main story On Monday, though, the second-most-popular conservative in the race, Mohammad Bagher Ghalibaf, the […]
Journalism is still overwhelmingly White. But that won’t change if news organizations don’t talk about it. It was in that spirit that Gizmodo Media Group on Wednesday sent a report to employees that included a detailed breakdown of racial and gender diversity across the company. Gizmodo Media Group, a subsidiary of Univision that owns all of the former Gawker Media brands plus Fusion and The Root, broke […]
DUBAI // The lowest ranked schools will “wither on the vine” until they raise more money for the good of their pupils, educators say. Ten schools, catering for about 15,500 pupils, have been rated “weak” and altogether 94,000 attend schools that are acceptable or below, Dubai’s education regulator said this week. The bottom 10 can only raise fees by 2.4 per cent, about the level of inflation, […]
GE Appliances announced a deal with Google Wednesday enabling the US tech giant’s voice control home hub to be used for cooking, cleaning and other functions. The deal enables GE’s “Geneva” to communicate with the Google Assistant, so users can say: “Ok Google, ask Geneva Home to set the oven timer for 10 minutes.” The announcement comes nearly a year after GE Appliances unveiled a similar […]
One minute I’m in an office in Dubai’s Jumeirah Lakes Towers; the next, I have been transported to the grounds of a villa in the Sheikh Zayed Housing Programme. I scan the garden – there’s a ball by my feet, so I pick it up and toss it out of the way. Next, I teleport myself just inside the front door. I take a wander around the […]
Authored by Charles Hugh-Smith via OfTwoMinds blog, The system is disintegrating, and slapping a “reformist” coat of paint over the dryrot cannot renew the structural timbers that have rotted to their very core. I confess to being amused by the mainstream media’s implicit view that everything would be peachy if only Trump wasn’t president. Memo to MSM: the nation is fragmenting for reasons that have nothing to […]
BUKIT KAYU HITAM: Goods smuggling syndicates are using a new tactic to avoid detection by the authorities who have stepped up operation against the smuggling of goods, especially the firecrackers. Deputy Commander of Border Control Agency (Aksem) Kedah branch, Noor Mohammed Shaik Alauddin said the tactic includes directing lorry drivers to go a certain location for a transportation job. “The tactic came to light folllowing the seizure […]
The timing, intensity and public announcement of the accusations suggested that the Trump administration was signaling a tougher political line on Syria, as well as seeking to embarrass Russia and Iran, all in an effort to put pressure on Damascus at the Geneva talks. Continue reading the main story Five previous rounds of negotiations in Geneva have yielded little progress. The war is now in its seventh […]
Instead, they have been vetted by a Parliament where moderates and reformists achieved a slim majority in 2015 elections, which has opened the floodgates for thousands of candidates in the vote on Friday: lawyers, religious minorities, women’s rights activists, bank managers and sports figures, among others. Continue reading the main story “The educated middle class and urbanites are emerging and asserting themselves for the first time,” said […]
ABU DHABI // Sheikh Mohammed Bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Mr Trump’s press secretary, Sean Spicer, said the agreement, which was concluded “recently”, would allow the UAE and United States “to work more closely together to address common security threats”. “The [US] president hopes to work together even […]
Although voice-activated platforms like Alexa will continue to grow and be important, it is my sense that AR is really the platform to watch. As I’ve discussed before, augmented reality has the potential to become the Next Big Thing. Voice-activated systems like Alexa are nice, but they have their limits. We’ve seen AR take off in apps like Snapchat and Pokemon Go, but what if a major […]
Authored by Gwynne Dyer via BangorDailyNews.com, “I am no Mussolini,” Venezuela’s beleaguered President Nicolas Maduro insisted on television early this month. But if things go on this way, he could end up like Mussolini. That would be very unfortunate for him and also for Venezuela. The daily street protests against Maduro’s rule are in their second month, and around 40 people have already been killed, most of […]
With the holy month just around the corner, take a look at some of the city’s top iftars and suhoors to try. 1. Al Fanous Lounge: The Dubai Ballroom at JW Marriott Marquis will transform into an oriental lounge designed with lavish white, gold and jewel tones for the holy month of Ramdan. Also lavish at the lounge is the iftar buffet that will consist of over […]
The cyberattack crippled IT systems and forced doctors and nurses to work with pen and paper notes. Image: iStock NHS hospitals are still struggling in the fight against a global ransomware attack, with computer systems in several hospitals locked three days after the initial outbreak and previously unaffected hospitals revealed to have fallen to WannaCrypt ransomware. During the weekend more than 200,000 victims in over 150 countries […]
In partnership with TechCrunch, The Europas Conference & Awards, is a different kind of tech event which features main-stage speakers and panels as well as smaller breakout sessions on key subjects for startups. The Europas conference is followed by a glittering awards based on voting by expert judges and the industry itself. Voting is now live, so please go and vote! The awards are editorially led, with […]
