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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 […]

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 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 […]

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, […]

By David Raby MEXICO CITY: Scarcely a month has passed since the general elections in Mexico, and despite calling for a recount which no-one except hard-core conservatives takes seriously (when you’re trounced two to one the only rational reaction is to examine the reasons for your failure), the opposition coalition has yet to come up […]

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’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 […]

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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 […]

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 […]

By Sushil Kutty Prime Minister Narendra Modi was slated to reply to the Motion of Thanks to the President’s address at 4 pm on Tuesday. PM Modi must have spent the previous hours prepping for the reply which came nearly 24 hours after Leader of Opposition Rahul Gandhi had set ablaze the Lok Sabha with […]

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 […]

By Anjan Roy Taxation of the super-rich is becoming current coin in International deliberations on the global financial structure and funding of development. In a recent multi-nation deliberations organised by the Heinrich Boll Stiftung of Berlin, Indian participant Rakesh Mohan, former deputy governor of RBI, drew attention to the fact that while the World bank […]

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, […]

With the convenience of online shopping, finding the perfect pair of fashion shoes has never been easier. But how do you ensure you’re making smart choices and avoiding pitfalls? This guide will walk you through the dos and don’ts of shopping for fashion shoes online. We’ll help you snag stylish finds while sidestepping common traps. Let’s begin! Do Measure Your Feet Accurately Before you start browsing for […]

By Arun Srivastava For the first time in his ten-year rule, Prime Minister Narendra Modi, proclaimed to be the super-leader to shape the destiny of India, wore a pitiable, visibly shaken and dejected look sitting in the front row of the treasury benches in Lok Sabha, while Rahul Gandhi, who has been assigned the constitutional […]

  RIYADH – JUNE 28, 2024 – The Esports World Cup Foundation today revealed details of the second edition of the New Global Sport Conference (NGSC) 2024. This exclusive annual B2B conference, themed The Future of Fandom, will be held on August 24-25 at the Four Seasons Hotel in Riyadh, Saudi Arabia, following the conclusion of the Esports World Cup. The NGSC is set to be the […]

Saudi Arabia’s energy sector received a significant boost on July 1st with the announcement of seven new oil and gas discoveries. The finds, spread across the kingdom’s Eastern Province and the vast Empty Quarter desert, highlight the continued potential of the world’s second-largest oil producer. Leading the exploration efforts was state-owned oil giant Saudi Aramco. Details revealed by Prince Abdulaziz bin Salman, Saudi Arabia’s Energy Minister, indicated […]

By Dr. Gyan Pathak India’s opposition has taken a new task in hand to restrain Prime Minister Narendra Modi led government from turning the country into a “police state”, as the later “lays foundation” for it by implementing the three new criminal laws form July 1, 2024. Congress president Mallikarjun Kharge has threatened, “INDIA will […]
By Nitya Chakraborty The results of the first round of French national elections held on June 30 are out on expected lines. The far right National Rally (RN) led by Marine Le Pen has got 34 per cent of the votes against the Leftist New Popular Front’s 29 per cent and President Emanuel Macron’s party […]

The Esports World Cup (EWC), gearing up for its grand tournament in Riyadh, Saudi Arabia, has secured a key partnership with global technology leader HONOR. This collaboration designates the HONOR 200 Pro as the official smartphone for the EWC’s mobile game competitions. The prestigious EWC, known as the world’s largest gaming festival, attracts top esports athletes worldwide. This focus on elite competition aligns perfectly with HONOR’s commitment […]

Mozilla Firefox, the privacy-focused web browser, is diving into the world of artificial intelligence with an experimental feature currently in development. This integration, currently available in the Firefox Nightly build, allows users to interact with various AI chatbots directly within the browser. This move comes amidst a growing trend of AI integration across the tech industry. Microsoft has been particularly aggressive in this space, incorporating its OpenAI […]

Japanese tech titan Sony is making a splash in the cryptocurrency world by launching its own digital currency exchange. This move signifies the growing mainstream acceptance of cryptocurrencies and the potential they hold for established corporations. Sony’s foray into the crypto market comes through its acquisition of S. BLOX, formerly known as WhaleFin. S. BLOX, originally the Japanese exchange DeCurret, was acquired by Sony subsidiary Quetta Web […]

Riyadh, Saudi Arabia, Duisburg, Germany, and Oslo, Norway – 1st July 2024 RIYADH, SAUDI ARABIA/ DUISBURG, GERMANY/ OSLO, NORWAY – Newsaktuell – 1 July 2024 – MVW Lechtenberg Projektentwicklungs- und Beteiligungsgesellschaft GmbH, the leading consulting firm specializing in alternative fuels for the cement and related industries, in collaboration with Empower, a leading provider of innovative traceability solutions, is excited to announce the launch of a transformative plastic […]

The Big Reveal Will Take Place on Tuesday, 2nd July, at an Official Brokers Briefing Event Prescott Development, one of the renowned real estate developers in the UAE, proudly announces the launch of “Fairway Residences” in the rapidly growing Dubai Sports City. This stunning 14-floor architectural marvel embodies modern elegance and exceptional design, offering breathtaking views of the verdant golf course. The big reveal will take place […]

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