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ARABIAN POST SPECIAL

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|By Arabian Post Staff|The 2016 Saudi budget marks a transformation, signaling the end of material overspending, introduces a medium-term fiscal strategy and sweeping subsidy changes, Bank of America-Merrill Lynch said in a special report. However, the budget does not signal any near-term changes to energy or Fx policy, in its view. The report says the 2016 budget announcement is a significant one for the Saudi Arabian economy. […]

Featured

|Arabian Post Special|The UAE Central Bank is solidly backing the UAE banks in dealing with the ‘de-risking’ policies imposed by US banks on the UAE banks. The central bank is seized of the problems faced by the UAE banks in this regard. The new U.S. regulations have imposed extra burdens and costs on banks in the United States, which is forcing these banks to cut their international […]

AutoMotiv

There is an old cliché that goes, “they don’t make them like they used to.” With the pronounced computerization of contemporary cars in mind, that adage certainly stands tall. More than 50 percent of vehicles sold this year connect to the Internet in one or more ways, and it is predicted by 2025, every car will be connected in multiple ways. That brings up the issue of car hacking. […]

Investing

|By Matein Khalid| The plunge in crude oil after OPEC’s Vienna conclave, Dr. Draghi’s failure to resist Bundesbank pressure not to fire another ECB easy money bazooka, Wall Street’s junk bond debacle and an imminent rise in the Fed Funds rate for the first time since 2006 will all shape the next big trades in Planet Forex. The Euro has risen to 1.10 on Draghi’s failure to […]

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Columns

|By Umar Munshi| Islamic Crowdfunding has the potential to help us change our world for the better. When an online community unites and pools resources, this community has the financial and social clout and capability to create and re-create multiple aspects of the world and directly impact society. Crowdfunding itself started and blossomed in the West initially amongst groups of like-minded individuals wanting to create something. In […]

Politics

|By Arabian Post Staff| A dialogue of legislators and officials of India and Pakistan held in Dubai last week underscored the urgent need to improve conditions allowing for free dialogue and sharing of good practices among citizens of both countries. The Dubai event was the second in a series devoted to sharing of experiences on governance, democracy and the fight against corruption. Participants from both sides expressed […]

Biz Tech

|By Arabian Post Staff| AstroLabs, Google -backed technology hub, is helping regional entrepreneurs to grow their startups. AstroLabs opened in October, with 42 startups picked from among 250. The facility features a device lab designed by Google is equipped with iPhones, Android smartphones, tablets and computers, which can be used by startups to test their mobile applications and content. One of the aspiring entrepreneurs is Lamia Tabbaa-Bibi, creator of IReadArabic.com, […]

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|Arabian Post Special| The relentless plunge in oil price, which analysts are likening to the crash of 1990s, and its serious implications on spending plans are putting the focus back on the Gulf currencies’ dollar peg, including that of the UAE dirham. Despite consistent backing for the dollar peg from all possible channels, including the monetary authorities, the debate is back with a bang. And the market […]

Featured

|By Arabian Post Staff|Analysts are consistently arguing in favour of a pickup in Dubai’s economic prospects in the wake of a possible boost in trade with Iran following the lifting of sanctions. Low oil price, which cast a shadow over the Gulf’s oil economies, has also affected Dubai, with its real estate sector, a key determinant of the emirate’s economic performance, showing signs of a clear slowdown. […]

Columns

|By Dr Shakir Noori| Personal identity of the citizens has been a contentious issue for successive governments in Iraq. Recently, the government led by Prime Minister Haider Al Abadi introduced a new Act, providing for the issuance of a unified national card. The law has raked up a major controversy, especially among the marginalised minorities. To protest this Act, which was voted on October 27, 2015, deputies […]

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|Arabian Post Special| Indian officials have floated the idea of a gold exchange for the country, which will help discover the standard gold price for India. The trading platform would be made available for all types of bullion dealers, jewellers, bullion refineries, individuals, and even temple trusts. Indian bullion dealers currently trade mostly on the Dubai Gold and Commodity exchange, which is dominated by the Indian gold […]

Columns, Talking Point

|By Lawrence Williams| Let’s face it, the gold price seems to bear little correlation to global physical metal demand.  In the face of reducing supply (low gold prices keep scrap sales depressed, new mined gold supply is plateauing and beginning to fall and sales out of the big gold ETFs this year are a fraction of those seen back in 2013) and increasing demand – China, India […]

Talking Point

|By Alaa Alghamdi| The controversy raging in the world media over the Mohammed bin Nayef Centre/ Care Centre for the rehabilitation of jihadi terrorists brings up basic questions regarding justice and the right course of action. It is perhaps not surprising that such polarization has occurred regarding opinions on this (by all accounts, successful) program. To accept its efficacy and its ethics involves nothing less than a […]

Featured

|Arabian Post Special|If oil prices fall further from the current levels, it would lead to a quick buildup of pressure on the Saudi riyal’s 30-year peg to the dollar, forcing the Saudi authorities to de-peg and devalue the currency, Bank of America-Merrill Lynch said in a report. “And frankly, it is a lot easier politically at first to deliver a modest crude oil supply cut than to […]

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Banking & Finance

|By Arabian Post Staff| IFC, a member of the World Bank Group, and the IFC Asset Management Company are investing $27 million in Souq, the largest e-commerce platform in the Middle East and North Africa. The investment will support the company’s growth, boost e-commerce in the region, and help create jobs and drive innovation. The investment will help Souq diversify its offerings and enhance its logistics and […]

Talking Point

|By Dr Alaa Alghamdi| Ambassador Mohammed bin Nawaf bin Abdulaziz’s eloquent plea in the UK Telegraph newspaper is a rational, well-stated reminder of the importance of fairness and respect amid today’s complex arena of foreign relations. As the Ambassador points out, Saudi Arabia and the United Kingdom have been allies since 1932, the better part of a century. This relationship presupposes a certain amount of trust between […]

Talking Point

|By Arabian Post staff| The rise of intelligent machines represents the evolution of the next industrial revolution, which will bring about a paradigm shift in the way we live and work, a special report on the subject by BankofAmerica-Merrill Lynch says. Robots and AI are becoming an integral part of our daily lives as providers of labour, mobility, safety, convenience, and entertainment. The year 2014 was the […]

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|Arabian Post Special| The US Administration has commended the UAE Central Bank and the Government for taking prompt action against a Dubai-based money exchange for supporting a money laundering racket run by a syndicate led by Pakistani national Altaf Khanani. The Anti-Money Laundering Unit of Dubai Police worked closely with the US Drug Enforcement Administration (DEA) to unearth the racket. The US Department of Treasury’s Office of […]

What's On

Redmond is doubling down on its OneNote note-taking app. Yesterday Microsoft announced a major new upgrade for the app. The latest versions contain a number of new features for a variety of devices, including iOS and Android updates, that will begin rolling out in the next couple weeks. Among the new features is the ability to add audio and attach files to your notes (pictured). The increased […]

GasGuzzlers

If I were to put this year’s Nashville British Car Club Show description into a few words, they would be… “Quality, not Quantity.“ For the last few years ( 2010, 2011, 2012, and 2013 to be exact), I’ve had the pleasure to try to showcase the magnificent automotive examples presented at the Nashville British Car Club Shows. But sadly, 2014’s event was washed out by heavy rain. There was […]

Investing

|By Matein Khalid| Saudi Arabia has fascinated me since I first met Hani AZ Yamani as a teenage student all those years ago at Wharton. Hani’s father was Sheikh Ahmed Zaki Yamani, legendary Saudi Oil Minister (1962-86) under Kings Faisal, Khalid and Fahd. Sheikh Yamani managed the 1973 and 1979 oil shocks, survived a terrorist assault in Vienna by Carlos the Jackal, midwifed the birth of Saudi […]

GCC Focus

|TAP Special by K Raveendran| Landmark events about the development of a shopping mall generally involve major leasing deals or signing up flagship brands, or the launch of the mall itself. But Qatar’s Tawar Mall, coming up in a prime Doha locality, was the scene of a bit of fanfare this week for none of the above. The mall owners, belonging to the leading Qatari business family […]

Economy

|TAP Special by K Raveendran| Landmark events about the development of a shopping mall generally involve major leasing deals or signing up flagship brands, or the launch of the mall itself. But Qatar’s Tawar Mall, coming up in a prime Doha locality, was the scene of a bit of fanfare this week for none of the above. The mall owners, belonging to the leading Qatari business family […]

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Featured

|TAP Special| The UAE healthcare sector witnessed another landmark deal when Aster DM Healthcare acquired an additional 57 per cent stake in Sanad Hospital in Riyadh, Saudi Arabia, raising its total ownership stake to 97 per cent. The AED 900 Million (US$ 245 Million) investment in the Kingdom brings the total number of Aster DM Healthcare hospitals to six in the Gulf. Sanad Hospital has seen steady […]

Featured

|TAP Special by K Raveendran| The UAE healthcare sector was the scene of high drama as the Al Noor Hospitals Group, being pursued by leading sectoral player NMC Group to form the country’s biggest private healthcare provider, apparently broke off and announced  it has reached an agreement for a merger with South Africa’s Mediclinic International Ltd. Al Noor will also be renamed Mediclinic International. Al Noor said […]

Health

|By TAP Staff| Dr David Alessi, the Beverley Hills-based plastic surgeon who helped many a celebrity transform their faces and body shapes to keep pace with the latest trend in high fashion, will soon be available in Dubai and Abu Dhabi for the benefit of people in the UAE and the region. The founder and medical director of Alessi Institute located in Beverly Hills is currently here […]

Middle East

MOSCOW — Russia widened its bombings in Syria on Friday, striking Islamic State territory for the first time, but showed no hint of heeding Western demands to avoid attacks on fighters pushing to oust Syria’s weakened, Kremlin-backed president. The Defense Ministry said its warplanes had bombed seven targets in overnight raids including a command post and training camp near Raqqa, the northeast Syrian city that the Islamic […]

Middle East

Middle East Video Prime Minister Benjamin Netanyahu of Israel, at the United Nations on Thursday, called the nuclear deal with Iran a marriage of militant Islam and nuclear weapons. By RICK GLADSTONE and JODI RUDOREN September 30, 2015 Prime Minister Benjamin Netanyahu of Israel doubled down Thursday in his harsh condemnations of the Iranian nuclear deal, describing the widespread international praise for it as a grave misjudgment. “I wish I could […]

Middle East

Middle East By THOMAS ERDBRINK September 27, 2015 President Hassan Rouhani of Iran is scheduled to address the United Nations General Assembly on Monday. Thomas Erdbrink, the Tehran bureau chief for The New York Times, looks at what message Mr. Rouhani has for international leaders and how it might be received. What’s different from the last time President Rouhani spoke to the General Assembly? Mr. Rouhani, Iran’s leader since […]

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