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Arab Housing Ministers Convene with Iraqi Participation

Rikad Al-Amiri, Iraq’s Minister of Construction, Housing, and Municipalities, actively participated in a recent meeting of Arab housing ministers. The discussions centered on crucial issues concerning the region’s housing sector, including infrastructure development, sustainable urban planning, and fostering collaboration among Arab nations for knowledge exchange and joint projects. Al-Amiri’s presence at the meeting underscores Iraq’s commitment to collaborating with its Arab counterparts to address shared challenges in […]

Masdar City Gears Up for Wheels with New Mega Pump Track

Masdar City, a beacon of sustainable urban living in Abu Dhabi, has unveiled a new crown jewel for cycling, skateboarding, and wheel-based recreation enthusiasts – the largest pump track in the region. Nestled within the lush confines of Masdar Park, this sprawling 7, 500-square-meter facility is not just a haven for riders of all skill levels, but also a testament to Masdar City’s commitment to environmentally conscious […]

Abu Dhabi Investment Firm Lunate Unveils Japan Equity ETF

Abu Dhabi-based investment firm Lunate Capital is expanding its exchange-traded fund (ETF) offerings with the launch of a new product focused on Japanese stocks. The Chimera S&P Japan UCITS ETF, Lunate’s third ETF launch this year, will begin trading on the Abu Dhabi Securities Exchange (ADX) on May 29th. This new ETF provides investors with a chance to gain exposure to the top 30 most liquid stocks […]

Dubai Authority Weighs Developer Expansion

The Dubai Electricity and Water Authority (DEWA) is considering expanding its scope by taking on a developer role. This potential move comes as the authority looks to diversify its operations and contribute more significantly to Dubai’s ambitious infrastructure goals. DEWA, currently responsible for Dubai’s electricity and water supply, has a proven track record of managing large-scale projects. The authority’s successful implementation of various renewable energy initiatives has […]

QIA to Spearhead Investment in Ardian’s Semiconductor Fund

The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, has announced its intention to become the anchor investor in Ardian Semiconductor, a newly established entity by the French private equity firm Ardian. This strategic move signifies QIA’s commitment to a leading investment firm and its innovative thematic fund dedicated to bolstering the European and French semiconductor industry. The global chip shortage has underscored the critical role […]

Genesis to Distribute $3 Billion to Customers in Liquidation

Beleaguered crypto lender Genesis Global has received a court nod to return roughly $3 billion worth of cash and cryptocurrency to its customers. This decision comes as part of a court-approved liquidation plan, marking a significant development in the company’s bankruptcy proceedings. The move stands in contrast to the objections raised by Digital Currency Group (DCG), Genesis’ parent company. DCG argued that Genesis should only distribute the […]

Ras Al Khaimah, Estonia Discuss Deepening Ties

On May 16, 2024, His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah, welcomed Jaan Reinhold, Estonia’s Ambassador to the United Arab Emirates, at the Saqr bin Mohammed City palace. The meeting focused on exploring avenues to solidify cooperation between the two nations across various sectors. Sheikh Saud expressed his appreciation for Ambassador Reinhold’s visit and emphasized the significance of fostering stronger […]

BioCair Celebrates 10th Anniversary

SINGAPORE – Media OutReach Newswire – 17 May 2024 – BioCair, Singapore’s leading non-toxic air and surface disinfectant brand, is excited to celebrate its 10th anniversary of protecting families from harmful germs. Marking a decade of dedication, BioCair reaffirms its commitment to offering safe, non-toxic solutions for safeguarding health and well-being, emphasising its continued focus on shielding its valued customers from harmful pathogens. BioCair Celebrates 10 Years […]

UAE Leaders Extend Birthday Wishes to Kazakh President

On Saturday, May 18, 2024, Kazakhstan’s President Kassym-Jomart Tokayev received warm birthday greetings from the leadership of the United Arab Emirates (UAE). In separate messages, both UAE President Sheikh Khalifa bin Zayed Al Nahyan and Vice President Sheikh Mohammed bin Rashid Al Maktoum conveyed their sincere wishes for President Tokayev’s good health and happiness. They also expressed their hope for Kazakhstan’s continued progress and prosperity. The messages […]

Left Parties Resurgence In Bihar Worries NDA In Lok Sabha Elections

Renowned Scholar Sobha Al-Khaili’s “Where Are Al-Taroos” Sees Second Edition

Literary enthusiasts in the Arab world are rejoicing over the news of the second edition of “Where Are Al-Taroos, ” a critically acclaimed book by renowned scholar Sobha Al-Khaili. The announcement comes from Dar Al-Kutub, a prestigious publishing house known for its dedication to preserving and promoting Arabic literature. “Where Are Al-Taroos, ” first published in 2010, delves into the fascinating world of Al-Taroos, a little-understood ancient […]

Qatar Forges Ahead in AI with $2. 5 Billion Investment

Qatar is embarking on a significant digital transformation journey, placing a strategic bet on artificial intelligence (AI) as a key driver. The nation revealed a $2. 47 billion investment package to fuel its AI ambitions during the fourth edition of the Qatar Economic Forum. This commitment signifies Qatar’s intent to become a regional leader in AI adoption. Shedding light on the initiative, Qatar’s Prime Minister and Minister […]

Lab-Grown Diamond Glut Casts Shadow on Dubai’s Trade Hub Status

Arabian Post Staff – India, a global leader in producing lab-grown diamonds, is experiencing a price slump due to a surge in supply that may not be met by matching demand. This trend could have significant implications for Dubai, a key trading hub for both mined and lab-grown diamonds. The allure of lab-grown diamonds, often touted for their ethical and sustainable production methods, initially sparked a boom […]

Saudi Tadawul Group and Sahm Capital to collaborate on ‘Invest Wisely Program’

HONG KONG SAR – Media OutReach Newswire – 17 May 2024 – Sahm Capital, the leading all-in-one online brokerage in the Kingdom, is excited to announce its sponsorship with the Saudi Tadawul Group for the highly anticipated “Invest Wisely Program.” The announcement was made during the Capital Markets Forum in Hong Kong, where industry leaders gathered to discuss the future of global capital flows. The sponsorship for […]

Kuwait’s BIG Holding Announces Initial Public Offering

Kuwait’s Beyout Investment Group (BIG) Holding, a diversified conglomerate offering human resources and real estate services, is poised to join the Kuwaiti bourse. The company announced its intention to sell a 30% stake through an initial public offering (IPO) on Boursa Kuwait, marking the first such listing in the country in nearly two years. BIG Holding boasts a proven track record of growth, with an average revenue […]

Ras Al Khaimah Embraces Crypto with Tether-RAKDAO Alliance

The emirate of Ras Al Khaimah in the United Arab Emirates is poised for a surge in cryptocurrency adoption thanks to a new collaboration between Tether, the world’s largest stablecoin issuer, and RAK Digital Assets Oasis (RAK DAO). This strategic partnership aims to propel the use of Bitcoin and stablecoins within the region through educational initiatives and fostering a crypto-friendly environment. Tether, the company behind the USDT […]

Consortium Led by Sovereign Wealth Funds Eyes Privatization

Malaysia’s aviation landscape is set for a potential overhaul as a consortium, including the emirate of Abu Dhabi’s powerful sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), has submitted a bid to take Malaysia Airports Holdings Berhad (MAHB) private. The move, valued at approximately $3. 9 billion, has ignited discussions about the future of the country’s airport network and the potential benefits of a shift from public […]

New Phase Strengthens Support Systems for People of Determination in Egypt

The Zayed Higher Organisation for People of Determination (ZHO), in partnership with the Egyptian Ministry of Youth and Sports, has announced the launch of the second phase of the “Bridges of Hope” program. This initiative aims to significantly improve the lives of people of determination in Egypt by rehabilitating and developing 60 centers dedicated to their needs. “Bridges of Hope” is built on the foundation of inclusivity […]

Make-A-Wish International Chooses Abu Dhabi for Global Summit

The Emirati capital of Abu Dhabi will be the stage for Make-A-Wish International’s upcoming annual conference, the “Global Wish” summit. The event, scheduled for June 3rd and 4th of 2025, is a significant win for the city, solidifying its growing reputation as a hub for global humanitarian efforts. The news was met with enthusiasm from Sheikha Sheikha bint Saif Al Nahyan, the honorary president of the Make-A-Wish […]

Strategies for Succeeding in Online Trading Within the UAE’s Evolving Digital Economy

The landscape of online trading in UAE has been transformed by the rapid evolution of the digital economy. This region has emerged as a hub for financial technology, driven by robust regulatory frameworks and advanced technological infrastructure. For forex traders who navigate this market, understanding the unique aspects of the UAE’s trading environment is crucial for success. Key Factors Influencing Online Trading in the UAE Regulatory Environment […]

Boeing Faces Renewed Prosecution Threat After DOJ Claims Breach of Settlement

The U. S. Department of Justice (DOJ) is alleging that Boeing violated a critical provision of a 2021 settlement agreement, potentially opening the door to criminal charges stemming from the two fatal crashes of 737 MAX airplanes in 2018 and 2019. The settlement, reached in January 2021, allowed Boeing to avoid criminal prosecution in exchange for a $2. 5 billion fine and a commitment to improve its […]

Paris’ Arab World Institute Marks Two Decades

The Institut du Monde Arabe, or the Arab World Institute, in Paris is commemorating its 20th anniversary this year. The institute, a brainchild of French and Arab leaders, was inaugurated in 1987 as a bridge between the Arab world and the West. Designed by renowned French architect Jean Nouvel, the institute itself is a marvel of contemporary architecture. Its facade resembles intricate Arabic latticework, a striking fusion […]

Acute Joblessness Has Been A Major Issue In 2024 Lok Sabha Elections

Tabreed Cools into Q1 2024 with Solid Revenue Growth

District cooling leader Tabreed announced a steady climb in revenue for the first quarter of 2024. The UAE-based company reported earnings of AED 468 million, marking a slight increase from AED 464 million during the same period in 2023. While the growth may seem modest, it signifies Tabreed’s continued financial stability and its ability to navigate a dynamic market. This positive performance is underscored by Tabreed’s Earnings […]