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Investrade, a prominent Bahraini investment and asset management firm, announced a strategic acquisition recently. The company has secured a 53% stake in the Areen Park Hotel and The Land of Paradise Waterpark, both part of the larger Areen Master Development project situated in southern Bahrain. The signing ceremony, held at the Al Areen project site, was attended by distinguished figures including Shaikh Mohamed Bin Abdulrahman Al Khalifa, […]

In a historic display of unity, world leaders and tech titans convened in London on Monday for a summit dedicated to combating the ever-evolving threat of international fraud. Hosted at Lancaster House, the summit brought together representatives from governments, financial institutions, and major technology companies, all with a shared goal of crafting a comprehensive strategy to tackle this growing menace. The urgency of the situation was palpable. […]

Germany’s Lufthansa airline is bracing for renewed travel chaos as its cabin crew union announced a two-day strike targeting major airports. The Independent Flight Attendants Organization (UFO) called for its members to walk off the job on Tuesday and Wednesday of next week, impacting departures from Frankfurt and Munich airports respectively. This latest industrial action comes on the heels of a separate strike by Lufthansa ground staff […]

By Harihar Swarup The Rajya Sabha elections have stirred a political commotion, not only because of cross-voting, as has often taken place in the past, but also because the BJP is out to get every seat it can and the defeat of the official Congress candidate in Himachal Pradesh and a Samajwadi Party (SP) nominee […]

The post Commotion And Confusion As 2024 General Elections Nears first appeared on Latest India news, analysis and reports on IPA Newspack.

The Sharjah Economic Development Department (SEDD) unveiled its 2023 annual report, showcasing a year marked by steady economic progress. The report serves as a comprehensive overview of the department’s initiatives and achievements, highlighting its commitment to fostering a vibrant and sustainable business environment in the emirate. SEDD Chairman, H.E. Hamad Ali Abdullah Al Mahmoud, emphasized the department’s unwavering focus on achieving balanced and sustainable economic growth. He […]

Electric vehicle (EV) manufacturer Rivian surprised the automotive world last week with the reveal of two new SUVs – the R3 and the performance-focused R3X. These new additions will be the smallest in Rivian’s lineup, potentially outshining their larger siblings in terms of popularity. The R3 takes the platform of the previously announced R2 SUV and shrinks it down even further. This results in a distinctive design […]

The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, made a strong appeal for collaboration among member countries at the recently concluded 13th Ministerial Conference held in Abu Dhabi. Highlighting the current geopolitical tensions, rising inflation, and economic uncertainty, Okonjo-Iweala emphasized the crucial role of trade in navigating these global challenges. Opening the conference, she acknowledged the complex global situation but stressed the continued importance of […]

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Investors are keeping a close eye on Bitcoin as Santiment, a blockchain intelligence firm, reveals a shrinking supply of the cryptocurrency on exchanges. This trend suggests a potential decrease in overall availability, which could influence Bitcoin’s price in the near future. The concept hinges on basic principles of economics: supply and demand. When a readily available good or service becomes scarcer, its value tends to rise as […]

Celebrate Eid al-Fitr at The Ritz-Carlton Maldives, Fari Islands, and indulge in unparalleled luxury. Marking the conclusion of Ramadan, the resort offers an escape into extraordinary natural splendour, exceptional accommodations, unparalleled service, gourmet cuisine, and unique experiences designed to create lasting memories. London, England, United Kingdom – March 10, 2024 — The Ritz-Carlton Maldives, Fari Islands: A Celestial Eid al-Fitr Celebration and a Celebrity Haven As the […]

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 7 March 2024 – Sahm Capital Financial Company, a leading brokerage firm licensed by the Saudi Capital Market Authority (No: 22251-25), showcased its all-in-one comprehensive trading solutions at booth H1A.C100 in LEAP 2024, a global technology event taking place in Riyadh. Throughout the four-day event, Sahm Capital also unveiled its latest AI-generated solutions, featuring an AI presenter named ‘Aliyah’, […]

The United Arab Emirates (UAE) and Switzerland are revving up their economic engines, aiming to propel bilateral trade and investment to new heights. A recent high-level UAE delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited Bern and Basel in Switzerland to solidify existing ties and explore avenues for further collaboration. This economic push comes on the back of impressive […]

Bitcoin mining, the process by which new bitcoins are created and transactions are verified on the blockchain network, is facing increased scrutiny due to its surging energy consumption. According to a recent report by Bloomberg, Bitcoin miners devoured a record 19.6 gigawatts (GW) of power last month, a significant jump from 12.1 GW in 2023. This insatiable demand for electricity has environmental advocates and some within the […]

The Sheikh Zayed Grand Mosque Centre (SZGMC) in Abu Dhabi has finalized preparations to accommodate the anticipated surge in worshippers and visitors during the holy month of Ramadan, which is expected to begin on March 11th, 2024. This year, the SZGMC anticipates a significant increase in attendance compared to Ramadan 2023, which saw 684,945 worshippers and visitors. The rise is likely due to the easing of COVID-19 […]

Dubai property developer, Binghatti, successfully debuted its Islamic bond, or sukuk, on the Nasdaq Dubai exchange on March 1, 2024. This marked a significant milestone for both Binghatti and the regional financial landscape. The $300 million sukuk, the first real estate benchmark dollar-denominated issuance of its kind in the Middle East and North Africa ( iced at 9.625% with a three-year maturity date, offering investors an attractive […]

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Arabian Post Special Dubai, a city known for its glitz and luxury, is facing a potential rent squeeze for its residents. The revision of the Real Estate Regulatory Authority’s (RERA) rent calculator, a tool used to determine permissible rent increases, is raising concerns about a significant rise in housing costs. This comes at a time when the cost of living in Dubai has already been steadily climbing, […]

His Highness Sheikh Rashid bin Saud bin Rashid Al Mualla, Crown Prince of Umm Al Quwain, attended the opening ceremony for the Unified Gulf Traffic Week activities for 2024. Held at the Al Ittihad Events Hall, the event marked the official launch of a region-wide initiative aimed at promoting road safety and responsible driving habits across the Gulf Cooperation Council (GCC) countries. The Crown Prince commended the […]

Dubai has implemented a new tax regime for foreign banks operating within its borders. The law, issued by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, applies a 20% tax on the annual taxable income of foreign banks. This move signifies a shift in Dubai’s economic strategy, potentially impacting the emirate’s position as a financial hub. The new legislation specifically targets foreign banks operating outside […]

The 33rd edition of the Sharjah Theatre Days concluded on Saturday, March 9th, 2024, with a grand closing ceremony graced by the presence of His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. The ceremony, held at the Cultural Palace in Sharjah, marked the culmination of a week-long celebration of Emirati and Arab theatre. The closing ceremony commenced with a […]

Larry Fink, CEO of BlackRock, the world’s largest asset manager, has caused a stir in the financial world by publicly endorsing Bitcoin. In a recent interview, Fink referred to the cryptocurrency as “digital gold,” highlighting its potential as a long-term store of value. This shift in stance from a previously skeptical BlackRock reflects a growing institutional interest in the digital asset class. Fink’s comments come amidst concerns […]

India’s political landscape continues to shift as parties strategize for upcoming elections. A key development this week saw former Andhra Pradesh Chief Minister Chandrababu Naidu finalizing an alliance with the Bharatiya Janata Party (BJP), the country’s ruling party. Naidu, confident of a “sweep,” believes the pact will propel them to victory. This move comes amidst a flurry of political activity, with the Congress party finalizing seat-sharing agreements […]

In a decision with potentially significant ramifications for the cryptocurrency industry, a court has authorized investors to proceed with a class-action lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, filed in 2021, accuses Binance of misleading investors about its regulatory compliance and security measures. The plaintiffs allege that Binance misrepresented itself as a fully licensed exchange operating within legal frameworks. They claim this enticed them […]

In a move to solidify its presence in the UAE’s agricultural sector, Ghitha Holding, a subsidiary of the massive Abu Dhabi-based conglomerate International Holding Company (IHC), has acquired an additional 12% stake in Al Ain Farms for Livestock Production. The deal, valued at AED 61 million (roughly $16.6 million), was announced on Friday through a filing on the Abu Dhabi Securities Exchange (ADX). This acquisition is being […]

On the eve of the so-called low season in the residential rental market in Dubai, experts from the rental and property management international company Colife have identified a new interesting trend. People are no longer afraid of the sizzling heat; demand among tenants is already evident both in the summer months and in the period from April, the month from which the so-called low season begins, when […]

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