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Sustainability-Linked Derivative (SLD) supports RGE’s strategy of pivoting its financing towards SLLs, a total of US$1.6 billion secured in 2022 Besides hedging the interest rate risk of its latest SLLs, the SLD shows RGE’s confidence in delivering on its SLL’s sustainability KPIs SINGAPORE – Media OutReach – 3 February 2023 – Royal Golden Eagle (“RGE”), a global group of resource-based manufacturing companies, has announced that its member […]

Arabian Post Staff Grant Thornton and its Asset Recovery Fund (ARF) announced the purchase of a AED 1.3 billion (US$ 357m) portfolio of distressed non-performing loans (NPLs) from Abu Dhabi Commercial Bank (ADCB), marking one of the first such portfolio sales from a local bank in the UAE. Grant Thornton, the UAE’s fifth largest professional services firm, supported this purchase by deploying its deep rooted local commercial […]

DUBAI:  Middle East-based investors are highly attracted to the U.S. real estate market due to its stability, security, and growth.  To meet this increased investor demand, Glenwood Equity has partnered with U.S.-based Patel Family Office to set up new bases of operation in Abu Dhabi, Riyadh, Sharjah, Kuwait, Bahrain, Istanbul, Jeddah, Oman, Qatar, and Doha.  The local bases will liaise with the partnership’s Dubai hub to support high net worth private investors, wealth advisers, and strategic […]

Matein Khalid If banks were people, Standard Chartered Bank (SCB) would be a plain Jane spinster, always a bridesmaid but never a bride, jilted at the altar by her suitors and now at the nikah by First Abu Dhabi Bank. I had a near heart attack when I saw the shares rise 20% in London as the grapevine said a major Abu Dhabi bank was going to bid for […]

beIN SPORTS will become home to world-class motorsport broadcasting the Formula One World Championship to Hong Kong, Singapore, Malaysia, Brunei, Indonesia, Timor-Leste, Philippines, Thailand, Laos and Cambodia New deal puts beIN SPORTS in pole position as the number one pan-regional broadcaster in the region. Deal runs until the conclusion of the 2025 season, showing beIN’s long-term ambitions in the region. Unmatched availability of entirety of Formula One […]

CHATTOGRAM, BANGLADESH – Media OutReach – 21 January 2023 – After a hiatus of three years as a result of Covid-19, over 1500 people — graduating students from the Classes of 2020, 2021 and 2022, faculty and staff, and guests from home and abroad will gather in an open air pavilion at the permanent campus site of the Asian University for Women (AUW) in Chittagong’s Baizid Area […]

RIYADH: The Abu Dhabi National Oil Co. has allocated as much as 55 billion dirhams ($15 billion) as part of a new strategy aimed at accelerating the reduction in its global emissions, according to a
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Arabian Post Staff A recent report by the World Travel and Tourism Council (WTTC) stated that Dubai has topped the list of cities with the highest spending by international visitors this year, pulling ahead international cities such as London. The Gulf tourism and finance hub has ranked in $29.4 billion in international visitor spending so far this year, overtaking London with $16.1 billion, WTTC said in its […]

London: Former UK Prime Minister David Cameron is set to take up a position teaching politics at New York University Abu Dhabi in January.

Dubai has risen rapidly in popularity since the turn of the twenty-first century. The goal of the city’s ambitious tourism strategy, which it has already nearly completed, is to draw 25 million tourists annually by the upcoming years. Dubai is home to various attractions. This Dubai City Sightseeing Tour visits the Burj Khalifa, Jumeirah Mosque, Jumeirah Beach, Burj Al Arab, Atlantis Hotel, Mall of Emirates, the Jumeirah […]

The Middle Eastern sphere is quickly evolving and adapting into a dynamic and increasingly popular hotspot for tourists worldwide. Gradually, more and more countries are developing their infrastructure in order to attract more people from all over the world to come over to experience all they have to offer.[/caption] This article focuses on showcasing and introducing you to some of the best places to visit if you find yourself […]

ABU DHABI: Flora Duffy became the only woman ever to win four World Triathlon titles on Friday afternoon in Abu Dhabi, confirming her status as the greatest female athlete that the sport has ever

By Saifur Rahman Abu Dhabi economy recorded 11.6 percent growth in the first half of 2022, compared to the corresponding period in 2021, according to a statement issued by the Statistics Centre – Abu Dhabi (SCAD), making it the fastest-growing economy in the world this year, as per available information. At the end of the first half of 2022, the real Gross Domestic Product (GDP) at constant prices exceeded […]

By P. Sreekumaran India and the United Arab Emirates (UAE) are all set to deepen their already warm relationship. The development is bound to have a beneficial bearing on India’s relations with the other countries of West Asia. Topping the list is a food security cooperation under the I2U2, a new West Asian quadrilateral initiative, […]

The post India-UAE Economic Relations Set To Reach New High With Food Security Pact first appeared on IPA Newspack.

Arabian Post Staff IMF has recommended further enhancing of cooperation across individual emirates of the UAE, including on the collection, sharing, and dissemination of economic data. Ongoing structural reforms, such as those to support private sector employment and female labor force participation, increase trade and foreign investment, and harness the benefits of technology and education will help deliver sustainable and inclusive growth, the Fund said in a […]

RIYADH: As demand for quality office space continues to grow in the Middle East region, the UAE’s two major business hubs – Dubai and Abu Dhabi – are expected to witness rental rates moving

  By Sushil Kutty Soon, Indians will be watching the gypsy nation drowning in sorrow when it dawns on them that Indians have beaten them for being gypsies! Yup, Indians are global nomads, the multi-flavours of the planet, present under every stone, from the Arctic to the Antarctica—Vasudeva Kutumbakam! The world is one family, but […]

The post India-Indians Everywhere-Football Crazy Desi Fans Swamp World Cup Venue first appeared on IPA Newspack.

ABU DHABI: This month marks the five-year anniversary since the Louvre Abu Dhabi opened its doors. The museum, which opened on Nov. 11, 2017 with an aerial show, fireworks and an extravaganza of

Arabian Post Staff UAE unveiled new regulations to reduce carbon emission at the United Nation’s annual climate summit, COP27, in Egypt. The new regulations are aimed at generating a large proportion of Emirate of Abu Dhabi’s electricity from clean and renewable sources by 2035, marking a significant milestone in the UAE’s journey to deliver carbon neutrality by 2050.# The shift is being pursued by the Environment Agency […]

ABU DHABI: OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand

Matein Khalid Microsoft is down 7.8% as I write as the thesis I outlined yesterday for the 330 short is sadly playing out and now even the Azure growth franchise exhibits decelerating growth. PC shipments, IT spending, operating margins and EPS are all going to be downgraded in the next six months. I am really convinced that MSFT will trade well below 200 by early 2023. My […]

ABU DHABI: “AlUla is an open living museum,” the executive director of Arts and Creative Industries at the Royal Commission for AlUla (RCU), Nora Al-Dabal, said at the Culture Summit Abu Dhabi on

Flight bookings to Qatar from the thirty-one countries competing in the football World Cup finals, and from the UAE where many fans are basing themselves during the tournament, are currently 10 times the volume of pre-pandemic levels, according to an analysis by ForwardKeys. The data is based on issued flight tickets, including day trips, as of 29th September, for travel to Qatar between 14th November and 24th December. The benchmark […]

DUBAI: Abu Dhabi National Oil Co. has awarded its subsidiary ADNOC Drilling a 5.62 billion dirhams ($1.53 billion) contract to expand its offshore operations to produce five million barrels per day
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