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Saudi Wealth Fund Injects Half Billion into Hong Kong Conglomerate

Hong Kong Chaoshang Group, a diversified conglomerate listed on the Hong Kong Stock Exchange (HKEX:2322), is set to receive a significant financial boost from Saudi Arabia’s Public Investment Fund (PIF). The sovereign wealth fund announced its intention to invest a total of $500 million in Chaoshang Group, signaling growing economic ties between the Middle East nation and Hong Kong. The investment will be divided into two parts. […]

Akhilesh Yadav Has Emerged As The Most Successful Leader Of INDIA Bloc In Lok Sabha Polls

Unexpected turn of politics favours INDIA Bloc in Jharkhand

By Dr. Gyan Pathak The last one week has brought such a change in Jharkhand politics that BJP has never expected. Former Chief Minister Hemant Soren is out on bail, and leading the INDIA bloc again from the front, much to the frustration of the BJP leadership. Election to the 81 member Jharkhand Vidhan Sabha […]

Qatar Airways Takes Flight with Record Profits

Qatar Airways has reached new heights, soaring to record profits on the wings of a strategic expansion plan. The state-owned carrier reported a net profit of 6. 1 billion riyals ($1. 7 billion) for the financial year ending March 31, 2024, a significant 32. 4% increase compared to the previous year. This stellar performance marks the airline’s strongest financial showing in its 27-year history. Attributing this success […]

Bankrupt EV Company Slashes Prices on Ocean SUVs

Electric vehicle startup Fisker is facing a steep decline as the company seeks court approval to sell its remaining stock of SUVs at a fraction of the original price. The bankrupt company produced 3, 321 Ocean SUVs, initially priced around $70, 000 each. Now, Fisker is requesting permission to offload this inventory to a New York-based leasing company for just $14, 000 per vehicle. This fire sale […]

Narendra Modi’s reply to President’s address debate lacked self-confidence

By Arun Srivastava It was a shaken and short of self confidence Narendra Modi on July 2 in Parliament.. Notwithstanding being insipid and incoherent, his reply to motion on President’s speech was purely an attempt to gain back his aura of “Political Invincibility”, which unfortunately he could not accomplish. Modi having the reputation of a […]

Modi’s ‘balak budhi’ jibe an NDA-compliant derivative of same old ‘Pappu’

By K Raveendran Prime Minister Narendra Modi’s use of ‘balak budhi’ to describe Rahul Gandhi during the debate on the President’s address to parliament may be seen may be seen as an NDA-complaint derivative of the derisive ‘Pappu’ jibe used by BJP leaders in the early phases of the Gandhi scion’s political career. The new […]

Modi fears Rahul Gandhi is taking away BJP’s Hindu vote bank

By Sushil Kutty Prime Minister Narendra Modi took his reply to the motion of thanks to the President’s address to the Rajya Sabha on Wednesday after a day of holding forth in the Lok Sabha. The opposition sought to drown Modi’s voice in the din of constant sloganeering. The Prime Minister did not let the […]

E-commerce Giant Teams Up with United Arab Emirates for Sustainable Deliveries

Amazon is revving up its sustainability efforts in the Middle East by collaborating with authorities in the United Arab Emirates (UAE) to launch an electric vehicle (EV) delivery fleet. This initiative aligns with the UAE’s push for a greener transportation sector and complements Amazon’s global commitment to reduce its environmental footprint. Prashant Saran, a senior executive overseeing operations in Amazon Turkey, Middle East and Africa, revealed the […]

RSS leadership is not happy with Narendra Modi’s style of governance in his last term

By Harihar Swarup The RSS hints at the course correction from the BJP and Modi government 3.0, which it wants to be reflected in the choice of new party president. The third tenure of Prime Minister Narendra Modi got off to a turbulent start. A series of unrelated events — paper leaks, a train accident […]

Come 2026- Modi govt will collapse if NDA loses the coming assembly elections

By Nitya Chakraborty The first short session of the 18th Lok Sabha has just ended with the third time Prime Minister Narendra Modi giving the impression once again that nothing different happened in the Lok Sabha elections 2024, he remains the same unvanquished leader of the majority party BJP like he was after the 2014 […]

Tourist Spending in Saudi Arabia Soars in First Quarter

Tourist spending in Saudi Arabia has witnessed a significant surge in the first quarter of 2024, marking a positive trend for the kingdom’s tourism industry. According to data released by the Saudi Central Bank, inbound visitor expenditure reached a staggering $12 billion (SAR 45 billion), reflecting a year-on-year increase of 23%. This growth aligns with Saudi Arabia’s ambitious Vision 2030 strategy, which prioritizes economic diversification and positions […]

Dubai Rents Expected to Moderate After Recent Surge

Arabian Post Staff -Dubai Dubai’s residential rental market, which has seen explosive growth in recent years, is anticipated to experience a period of stabilization with slower rent increases throughout 2024. This comes after a significant rise in rental prices fueled by high demand and a limited supply of available properties. Real estate consultancies like CBRE acknowledge the increasing pressure on affordability for tenants. Their reports indicate a […]

India’s Stock Market Hits New Highs, But SEBI Rules Cast Shadow on Brokerage Industry

India’s stock markets continued their record-breaking run, with both the Nifty and Sensex indices reaching new all-time highs on Tuesday. This surge was driven by strong gains in financials, metals, and power sectors. However, a recent regulatory move by SEBI, the country’s securities regulator, has cast a shadow over the brokerage industry. The new SEBI rules aim to standardize transaction fees charged by stock exchanges. This could […]

Lumi Leverages SAP for Streamlined HR and Growth Strategy

Saudi Arabian mobility leader Lumi announced a strategic partnership with global technology giant SAP to optimize its human resource (HR) processes and fuel the company’s ambitious growth plans. Through the implementation of SAP’s advanced HR system, Lumi aims to streamline operations, enhance employee experience, and make data-driven decisions to achieve its strategic goals. This collaboration will equip Lumi with the necessary tools to automate routine HR tasks, […]

Left Wing Morena Is Going From Strength To Strength In Mexico’s Political Life

Big Tech Faces Antitrust Crackdown in Europe

European regulators are taking aim at Big Tech companies, with Nvidia potentially being the first to face an antitrust lawsuit. French authorities are accusing the chipmaker of abusing its dominant position in the AI market. This comes amidst a broader trend of the EU enforcing stricter digital competition laws, with investigations ongoing into Apple, Microsoft, and Meta. While some experts warn this could stifle innovation, others argue […]

OPEC Production Up in June Despite Cuts by Alliance Members

OPEC’s oil output defied expectations in June, rising for the second consecutive month according to a Reuters survey. This increase comes despite ongoing production cuts implemented by the wider OPEC+ alliance, which includes major non-OPEC producers like Russia. The survey, which tracks oil supply to the market and is based on industry sources and shipping data, revealed that OPEC’s 12 member countries collectively pumped 26. 7 million […]

What history tells us about potential for S&P 500 gains in second half of year

We’re into the second half of 2024. The S&P 500’s performance in the first half of the year has been noteworthy, marking its third consecutive quarterly rise and the sixth in the last seven quarters. This pattern of growth has spurred optimism about the market’s potential for continued gains in the latter half of the year. Reflecting on historical trends, we glean valuable insights into the possibilities […]

Financial advisory names UAE among top three work destinations

Arabian Post Staff deVere Group, a global player providing specialist cross-border financial advice to international investors and expatriates, has announced United Arab Emirates (UAE), New Zealand, and Italy as the top three destinations for the organisation’s financial graduates to live and work in the first half of 2024. This trend reflects the growing demand for international financial advisory services from high-net-worth (HNW) individuals in these regions, driven […]

Rahul Gandhi Has Finally Emerged As The Fiery Leader Of Opposition

Summer Victories at Resorts World Las Vegas Crown New Poker Champions

The Resorts World Las Vegas Summer Poker Series continues to award impressive wins to skilled players. Konstantinos Nanos and another champion have emerged victorious from recent tournaments, adding their names to the growing list of champions this summer. Nanos, a seasoned competitor from Germany, conquered Event #38, a $400 No-Limit Hold’em tournament with a guaranteed prize pool of $100, 000. After a thrilling final showdown, Nanos emerged […]

India’s Super Rich Must Be Taxed Separately In 2024-25 Budget For Raising Resources

Tourist Influx Buoys Saudi Coffers in First Quarter of 2024

Saudi Arabia’s tourism sector has witnessed a significant surge in the first quarter of 2024, with tourist spending exceeding $12 billion, according to the kingdom’s Ministry of Tourism. This substantial figure marks a considerable increase compared to previous quarters, indicating a positive trajectory for the nation’s tourism industry. The Ministry attributed this growth to a number of factors, including the introduction of electronic visas, streamlined travel procedures, […]