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Arabian Post Staff -Dubai Abu Dhabi Global Market (ADGM) has introduced a new whistleblowing framework aimed at bolstering market integrity. The regulatory body has set a May 2025 deadline for companies operating within its jurisdiction to fully implement the new rules. The framework outlines a comprehensive system for reporting suspected breaches of ADGM laws or financial crimes. It provides robust protection for whistleblowers who come forward with […]

Riyadh has emerged as the undisputed leader in Saudi Arabia’s retail space growth, boasting an impressive 90% occupancy rate. According to Knight Frank’s Summer 2024 Saudi Arabia Retail Market Overview, the capital city has witnessed a 5 percentage point surge in occupancy rates over the past year, accompanied by a 3% increase in average rental rates for regional and super-regional malls to SAR2, 725 per square meter. […]

By Nitya Chakraborty Five days after the historic mandate given by the French voters in the national elections on July 7, the process of carrying talks for a coalition government against the Far Right has become difficult with President Emanuel Macron setting his terms for building a’ Republican” majority in the new national assembly before […]

Saudi Arabia’s historic city of Diriyah has awarded a substantial $2 billion contract for the development of a new mixed-use district. The agreement, the largest single contract in the company’s history, was granted to a joint venture comprising El Seif Engineering Contracting Co. and China State Construction Engineering Corp. This ambitious project, slated to commence in the third quarter of the year, will transform the northern part […]

Saudi Arabia has taken a significant step towards broadening its debt market accessibility by incorporating five additional financial institutions into its primary dealer program. The Ministry of Finance and the National Debt Management Center (NDMC) formalized agreements with Albilad Investment Co. , AlJazira Capital Co. , Al Rajhi Capital Co. , Derayah Financial Co. , and Saudi Fransi Capital Co. to facilitate the distribution of government debt […]

By P. Sudhir People of France have voted against the far-right in the parliamentary elections. Contrary to many opinion polls, the National Rally of Le Pen could win only 143 seats and stood third. The newly formed Left coalition, New Popular Front achieved a victory by emerging as the largest bloc with182 seats, while President […]

RIYADH — Saudi Arabia has climbed to the second spot on the list of best countries for expatriates, a significant leap from its 14th position last year, according to a recent survey. The kingdom was outperformed only by Denmark in the Working Abroad Index, with over half of respondents expressing satisfaction with the local job market. The survey highlighted Saudi Arabia’s remarkable progress in career prospects, surpassing […]

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JEDDAH — Saudia Group has significantly expanded its domestic flight network with the introduction of eight new daily services connecting Jeddah, Riyadh, and Dammam to Abha. This strategic move by the aviation conglomerate aims to bolster domestic tourism and aligns with the Saudi Tourism Authority’s initiatives to promote Abha as a prime destination, particularly during the Aseer Season and Saudi Summer campaigns. With this expansion, Saudia Group’s […]

By Nitya Chakraborty Europe has entered a dangerous period with all the potential of the 28 month old Ukraine war crossing the border into other parts of the continent. The summit of the 32 nation North Atlantic Treaty Organisation(NATO) held in Washington on July 9 to 11 has decided to pledge US $43 billion worth […]

Decentralized finance (DeFi) protocol Compound Finance is urging users to exercise caution after it discovered a phishing scam targeting its website. According to Michael Lewellen, a security consultant for Compound DAO, the platform’s website has been compromised and is currently redirecting users to a fraudulent site. Lewellen emphasized that the underlying protocol itself remains secure. “The Compound protocol is unaffected and all smart contract funds are safe, […]

Banks in the United Arab Emirates (UAE) are bracing for a decline in profits for the second quarter (Q2) of 2024, according to a recent report by CI Capital. This stands in stark contrast to the performance expected from Saudi Arabian banks, which are projected to deliver the highest year-on-year (YoY) earnings growth within the Gulf Cooperation Council (GCC) region. The report, which analyzed the performance of […]

By Annie Domini The 22nd India-Russia Annual Summit held in Moscow on July 8-9 2024 will go a long way in re-embellishing one of the most enduring friendships in the geopolitical theatre. Moscow and New Delhi have seen many ups and downs together, no matter who has been in power in the Grand Kremlin Palace […]

Riyadh, the bustling capital of Saudi Arabia, is poised for a surge in population and economic activity, propelling it into the elite group of the world’s 15 fastest-growing cities by 2033. This exciting forecast comes courtesy of the Savills Growth Hubs Index, a key report by the global real estate advisor Savills. The report highlights Riyadh’s unique position as the only non-Asian city to crack the top […]

HANOI, VIETNAM – Media OutReach Newswire – 10 July 2024 – VinFast, a pioneering Vietnamese electric vehicle (EV) manufacturer, is making waves on the global stage with its meteoric rise. This upstart, emblematic of Vietnam’s burgeoning economic power, has now set its sights on the electric vehicle market in the Middle East. VinFast EV manufacturing complex in Hai Phong, Vietnam Haiphong Harbor, once a symbol of a […]

The digital landscape is facing a major security challenge after a record-breaking leak exposed nearly 10 billion passwords. Dubbed “RockYou2024, ” the data dump dwarfs previous compilations, raising concerns for online safety. Researchers at Cybernews, a cybersecurity firm, discovered the leak on a popular hacking forum. The data, titled “RockYou2024. txt, ” was uploaded by a user with a history of sharing stolen information. Analysis indicates RockYou2024 […]

By L S Herdenia BHOPAL: History repeats itself. We expected that BJP in Madhya Pradesh may prove that this saying is untrue. During last 24-years’ rule, BJP could not complete the duration of the Assembly sessions. The session invariably ended without transacting the business approved by the Business advisory committee. Before the commencement of the […]

Iraq is extending an olive branch to Saudi Arabia in the form of a proposed law designed to safeguard Saudi investments within its borders. This move comes amidst a period of burgeoning economic cooperation between the two nations, with bilateral trade experiencing a 12% annual growth spurt. The news of the legislation was unveiled during a meeting in Riyadh between Hassan Al-Huwaizi, President of the Federation of […]

By Medea Benjamin and Nicolas JS Davies WASHINGTON: After Nato’s catastrophic, illegal invasions of Yugoslavia, Libya and Afghanistan, on July 9, the North Atlantic Treaty Organisation(NATO) begins its three day summit in Washington. The British will not burn down the US Capitol as they did in 1814, and the Germans are still meekly pretending that […]

Unionized workers at Samsung Electronics, South Korea’s technological titan, have escalated their fight for improved pay and leave policies by initiating an indefinite strike. This decision comes after a three-day walkout that concluded on July 10th. The National Samsung Electronics Union (NSEU), representing nearly a quarter of the company’s workforce in South Korea, asserts that the management has been unwilling to engage in meaningful discussions regarding their […]

Riyadh Air, Saudi Arabia’s upcoming carrier, and Delta Air Lines announced a strategic partnership that will significantly enhance travel options for passengers journeying between North America and the Kingdom. This agreement, signed in Atlanta at Delta’s headquarters, lays the groundwork for a collaborative effort to expand their respective networks and unlock future growth opportunities. The partnership promises a wider array of benefits for travelers. Passengers flying between […]

By Pablo Castaño On Thursday, June 26, troops occupied Plaza Murillo in La Paz, where the Bolivian government headquarters is located. Commander Juan José Zúñiga, head of the army, invaded the plaza with a hundred soldiers and a group of armoured vehicles, breaking down the door of the Palacio Quemado, where President Luis Arce and […]
By Sushil Kutty Prime Minister Narendra Modi spent two days in Russia hugging and talking with Russian President Vladimir Putin amidst speculation that Modi has been asked by the United States to negotiate a ceasefire between Russia and Ukraine; that Prime Minister Modi is the only world leader with the influence and clout to put […]

Arabian Post Staff -Dubai A significant strengthening of economic ties between India and the United Arab Emirates (UAE) is anticipated following a forthcoming conclave in Dubai. The event, slated for early next year, is expected to serve as a launchpad for multi-billion dollar investments in key sectors like healthcare and trade. A focal point of the conclave will be the “India Hospital” project, envisioned as a transformative […]

Saudi Arabia’s Capital Market Authority (CMA) has given the thumbs-up to a public offering for the GIB Opportunistic Indian Equity Fund, paving the way for Saudi investors to tap into the growing Indian stock market. The announcement, made on July 7, 2024, follows an application submitted by GIB Capital, a leading Saudi Arabian financial services firm. The CMA’s approval signifies that the regulatory body has reviewed and […]

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