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Agitation Of Government Employees And Trade Unions May Impact Election 2024

Saudi Giant Secures Foothold in South America with Esmax Acquisition

Saudi Aramco, the world’s largest oil producer, announced on Friday the successful completion of its acquisition of a 100% stake in Esmax Distribución, a leading Chilean fuels and lubricants retailer. This move marks Aramco’s first foray into the downstream retail market in South America, signaling its ambitions for regional expansion and diversification. Esmax boasts a well-established network across Chile, encompassing retail fuel stations, airport operations, fuel distribution […]

Toyota Head Cautions on Electric Cars, Emphasizes Hybrids

Toyota’s Chief Executive Officer, Akio Toyoda, recently made a statement expressing his reservations about the current state of electric vehicles (EVs). He referred to them as “a waste of money” due to their limitations in range and the high cost of battery production. Toyoda, a vocal advocate for hybrid technology, reiterated his belief that hybrids offer a more realistic and practical path towards reducing emissions in the […]

Ceasefire talks are about more than a Gaza truce and prisoner exchange

James M Dorsey A proposed temporary Gaza ceasefire and prisoner exchange appears designed to buy war-battered Gazans relief while enabling Israel and Hamas to claim a success. However, whether Israel or Hamas emerges as the ultimate victor will be determined by whether the truce becomes permanent and the war ends. Negotiated by Qatar, Egypt, the United States, Israel, and Hamas, the deal would be whittled down to […]

New Carbon Credit Design Aims for Wider Benefits

A revamped approach to carbon credits is gaining traction, aiming to address concerns about effectiveness and fairness while offering potential benefits for a wider range of stakeholders. This new framework, still under development, focuses on creating “enhanced carbon credits” that go beyond simply offsetting emissions. These credits would not only represent verified emission reductions, but also demonstrate additional positive environmental and social impacts. Proponents argue that this […]

Tech Titan’s Hawaiian Land Buys Spark Controversy

Tech magnate, Alistair Thorne, has come under scrutiny for his recent large-scale land acquisitions on the Hawaiian islands of Kauai and Oahu. Concerns have been raised by local residents, environmental groups, and even some government officials, regarding the potential impact of these purchases on the delicate ecosystems, cultural heritage, and economic realities of the islands. Thorne, the CEO of Thorne Industries, a tech giant specializing in artificial […]

Arabian Adventures wins incentive travel award

Dubai-based Arabian Adventures Meetings, Incentives & Events (AAMIE), has won the prestigious SITE Crystal Award for Excellence in Incentive Travel, Africa and the Middle East for the fourth time.  The specialist events division of Arabian Adventures, the UAE’s leading destination management company (DMC), part of the Emirates Group, has been recognised for designing and delivering an exceptional, multi-city event in the UAE for top-performing employees of a France-based renewable energy company, in association […]

Dnata adds autonomous drones to cargo operations

Dnata announced the successful integration of autonomous drones into its cargo operations in Dubai.  Dnata’s strategic initiative has significantly enhanced operational efficiencies, delivering remarkable benefits for airline customers at both Dubai International (DXB) and Dubai World Central (DWC) airports. Key results include 20% reduction in processing times on the rack inventories and over 99% accuracy in shipment tracking.   With a strong commitment to innovation and excellence, dnata […]

Qatar Airways Reconnects with Japan’s Cultural Hub

DOHA : In a move welcomed by travelers and businesses alike, Qatar Airways has officially resumed its services to Osaka, Japan. Starting March 1st, 2024, the airline will operate a daily non-stop flight between Doha’s Hamad International Airport (DOH) and Osaka’s Kansai International Airport (KIX). This re-established route offers passengers convenient access to Japan’s second-largest metropolitan area, famed for its vibrant culture, historical sites, and delectable cuisine. […]

Abu Dhabi National Oil Company Takes Lead in Low-Carbon Investments Among National Peers

The Abu Dhabi National Oil Company (Adnoc) emerged as the top investor in low-carbon solutions among national oil companies in 2023, according to a report by Energy Intelligence. This achievement comes despite a significant decline in low-carbon spending across the global oil and gas sector last year. While many energy companies prioritized profitability and meeting the rising demand for fossil fuels, Adnoc, responsible for almost all of […]

Gold struggling to capitalize momentum

  Gold price (XAU/USD) is struggling to capitalize on the positive momentum it started yesterday after surpassing the resistance between $2040-2042. It fluctuates within a narrow range in the early hours of Friday. At the same time, the precious metal remains close to its highest levels in nearly a month, drawing strength from the modest decline in the US dollar. This comes after the US Personal Consumption […]

Hate Speech Is Top Emerging Concern For Lok Sabha Election 2024

Dar Global posts record revenue

International real estate developer Dar Global announced record revenues of $360.6 million and posting a significant increase in gross profit to USD 146.4 million at a healthy margin of 41%.  Dar Global’s revenue grew 351% year-on-year compared to 2022. Profit before tax stood at USD 81.2 million compared to a loss of USD 5.2 million in 2022.   The company’s ambitious growth strategy in new markets and geographies following the London Stock Exchange listing […]

Shifting Sands: Saudi Arabia Redefining Middle Eastern Tourism Landscape

Arabian Post Special For decades, the Middle East’s tourism landscape has been dominated by a few key players, with the United Arab Emirates (UAE) reigning supreme. However, a seismic shift is underway, as Saudi Arabia, long known primarily for religious pilgrimage, emerges as a major contender, rewriting the region’s tourism narrative. This transformation, driven by the ambitious Vision 2030 plan, has significant implications for both the Kingdom […]

Abu Dhabi National Oil Company (Adnoc) Finalizes Acquisition in OMV

The Abu Dhabi National Oil Company (Adnoc) announced the successful completion of its acquisition of a 24.9% stake in OMV AG, a global energy and chemicals company headquartered in Vienna, Austria. The acquisition, finalized on February 29, 2024, was purchased from Mubadala Investment Company, a sovereign wealth fund based in the United Arab Emirates. This strategic move aligns with Adnoc’s ambitions to expand its footprint in the […]

UAE, Saudi, Qatar climb several notches in brand power

The United Arab Emirates, Saudi Arabia, and Qatar have risen through the ranks of the most influential soft power nations faster than any other countries in the world, according to the new iteration of the Global Soft Power Index by Brand Finance, the world’s leading brand evaluation consultancy. The three Gulf nations have recorded remarkable improvements in the ranking over the past five iterations of the Global Soft Power […]

Ancient Dwellings Unearthed in Asir Reveal New Insights into Saudi History

The Saudi Heritage Commission (SHC) has announced significant discoveries at the Jerash archaeological site in the Asir region. These findings, made during the 15th excavation season in 2023, shed new light on the site’s historical significance and offer a glimpse into the lives of its past inhabitants. Unearthed at Jerash were the remains of dwellings constructed from stone and mud, showcasing unique architectural features. These structures, along […]

e-commerce tariffs, reforms remain elusive as Abu Dhabi WTO meet ends

The 13th Ministerial Conference of the World Trade Organization (WTO) wrapped up yesterday in Abu Dhabi, UAE, after a day of extended negotiations. While progress was made on tackling harmful fishing subsidies, the long-awaited breakthrough on e-commerce tariffs and the WTO’s broader reform agenda remained elusive. The issue of e-commerce tariffs proved to be the most contentious. Developed nations, led by the United States and the European […]

UAE Travelers: Digital Savvy Meets Eco-Consciousness

A recent study by Visa paints a clear picture of the modern UAE traveler: digitally savvy, adventurous, and increasingly mindful of the environment. The research, conducted among UAE residents who traveled internationally for leisure in the past year, reveals a generation eager to explore while embracing sustainable practices. The report highlights a strong preference for relaxation, with nearly 58% of respondents prioritizing unwinding on their trips. Visiting […]

Sobha announces AED 100 million bonus to employees

Dubai developer obha Realty announced a AED 100 million special bonus program for all its employees.   Appreciating the unwavering commitment demonstrated by the team members, the company has granted AED 100 million bonus to all employees working on non-incentive programs, covering employees across various departments. This move underscores the company’s belief in the collective effort that has played a pivotal role in Sobha Realty’s success. The bonus, disseminated […]

Winklevoss-founded Gemini Exchange to Repay Over $1 Billion to Customers After NY Settlement

Gemini, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, has reached an agreement with New York state regulators to settle allegations of offering unregistered securities. As part of the settlement, Gemini will reportedly return over $1 billion to customers who participated in its Earn program, which allowed users to lend their crypto holdings in exchange for interest. Additionally, Gemini will pay a $37 million fine to […]

BJP Has Perfected The Aaya Ram Gaya Ram Politics Initiated By Congress

Saudi Arabia Signals Shift in Cultural Approach: “Culture is not Unipolar”

In a statement marking a potential shift in Saudi Arabia’s cultural landscape, the kingdom’s Assistant Minister of Culture, Rakan Altouq, declared that “culture is not unipolar, nor should it be.” This comment, made following the first AlUla Future Culture Summit, suggests a move away from a singular cultural perspective and towards embracing a more diverse and interconnected global cultural scene. The AlUla summit, held in February 2024, […]

Samsung launches Galaxy Fit3 in UAE

Samsung Gulf Electronics announced the local availability of the Galaxy Fit3, its newest fitness tracker that democratizes Samsung’s advanced health monitoring technology, inspiring everyone to feel their best and adopt a healthier lifestyle. The Galaxy Fit3 is Samsung’s latest wearable device and boasts an aluminum body with a wider display, allowing users to keep track of their health and wellness data — from daily workouts to peaceful sleep […]