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By Matein Khalid If Checkpoint Charlie in West Berlin was the epicentre of the Cold War between NATO and the Soviet Union’s Warsaw Pact satellite states, Ukraine is the crucible of the geopolitical confrontation between the West and Putin’s Russia. Putin weaponized Gazprom’s gas exports to Ukraine as far back as 2006, fomented secessionist militias […]

The post A New Global Energy Order Emerging With US Supplies As Pivot first appeared on IPA Newspack.

A bilateral agreement which could be worth over $1 billion has been signed by business leaders from the Saudi Arabian city of Makkah and Jordan’s Amman. A memorandum of understanding was agreed

James M Dorsey Two diametrically opposed visions of moderate Islam have emerged as major Muslim powers battle to define the soul of their faith in the 21st century in a struggle that is as much about geopolitics as it is about autocratic survival and visualisations of a future civilisation and world order. Saudi Crown Prince Mohammed bin Salman and Yahya Cholil Staquf, the newly elected chairman of […]

Arabian Post Staff The direct impact of Russian war against Ukraine on the UAE banks is likely to be limited given their limited exposures to Russian and Ukrainian counterparties, S&P said in a special report on the conflict. But it said there could be an Indirect impact, which could materialize through several channels. S&P said the higher oil price is likely to further boost confidence and sentiment […]

Photo by Peggy_Marco (Author), Pixabay Licence (Licence) The digital dimension can help you to gain your independence – and work wherever you want in the world. Digital nomads already take advantage of these virtual possibilities, they offer their services worldwide, while they themselves are able to change their location at any time. Some companies enable their employees to travel around the planet, but totally location-independent jobs are […]

James M Dorsey Emiratis celebrated their decision not to condemn the Russian invasion of Ukraine in the United Nations Security Council as the end of an era in which the Gulf state took its foreign policy cues from the United States. However, the Emiratis may be celebrating prematurely. As the UAE took over from Russia this month as chairman of the Council, Abdulkhaleq Abdulla, a political scientist […]

By Matein Khalid Recurrent lesson in Russian history is that the top guy in the Kremlin is toast if he loses a war or a high stakes geopolitical gamble. In 1962, Nikita Khrushchev, Cuban missile crisis gamble against JFK backfired and he was booted out from the Politburo by his fellow oligarchs two years later. […]

The post Parallels Seen With Stagnation After Invasion Of Czechoslovakia first appeared on IPA Newspack.

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Arabian Post Staff Though the monetary and financial measures by the GCC banking authorities helped to offset negative balance sheet effects from virus containment measures, relaxed regulatory and prudential measures could have obscured deterioration in asset quality and led to higher risk-taking by banks on loans where risk classification was deferred or reduced, IMF said in a sectoral report. The support measures helped to mitigate consequences of […]

RIYADH: Saudi Arabia supports de-escalation efforts in Ukraine, a statement by the Saudi Cabinet said Tuesday.

By James M Dorsey Russian President Vladimir Putin’s invasion of Ukraine and the international condemnation it generated contains key lessons for policymakers. They are lessons that should have been learned in past global crises but weren’t. However, the Ukraine crisis offers an opportunity to correct that mistake. A first lesson is that failure to firmly […]

The post Ukraine: Result Of Lessons Not Being Learnt From Past Mistakes first appeared on IPA Newspack.

Arabian Post Staff Dubai International Financial Centre (DIFC) announced the launch of a ground-breaking Artificial Intelligence (AI) and coding license, in cooperation with the UAE Artificial Intelligence Office. The license, which is a UAE first, will advance the country’s Artificial Intelligence Strategy 2031, which aims to enhance the UAE’s reputation in this field by attracting AI companies and coders from around the world. Companies holding the license […]

RIYADH: Italian luxury fashion house Giorgio Armani and Saudi Arabian retailer Al Rubaiyat Company for Industry and Trade Holding Ltd are to establish a joint venture to sell the former’s products,

Matein Khalid The Russian invasion of Ukraine is both a humanitarian tragedy and an economic disaster. Something is dangerously wrong in a world where its second largest oil producer is now a pariah state that makes a mockery of international law and will soon be crippled once its banks are ejected from SWIFT. Russia and Ukraine are also the source of almost one third the world’s wheat/corn […]

Arabian Post Staff Telecom giant Ericsson sought permission from the terrorist group known as the Islamic State in Iraq and Syria to work in an ISIS-controlled city and paid protection money to smuggle equipment through ISIS-held zones on a route known as the “Speedway,” according to a leaked internal investigation. The report obtained by the International Consortium of Investigative Journalists reveals Ericsson made tens of millions of […]

By James M. Dorsey Ukraine is about much more than the security of one sovereign nation. The battle for Ukraine is a battle for the new world order. In that battle, Russian President Vladimir Putin is living up to the worst expectations of Western policymakers and analysts. Unlike Chinese President Xi Jinping, Putin is seeking […]

The post Putin Pushing For A New World Order Through Ukraine first appeared on IPA Newspack.

Arabian Post Staff DP World Logistics announced that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial Logistics Limited including regulatory approvals, have been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022. “We are excited about concluding this transaction, which will be value-enhancing for our people, clients and principals, for our service offering across the markets […]

By James M Dorsey Israel and Gulf states struggle not to fall off the tightrope they walk as a Russian attack on Ukraine makes hedging bets increasingly tricky. Unlike Israel, the Gulf states may feel that they have more flexibility than the Jewish state that depends on the United States for its regional military superiority and political support in an international community critical of its 54-year-long occupation […]

Photo In 2021, the PGA switched up one of its longest-running branches. The PGA, which oversees the most popular and expansive professional golf leagues in the world for men and women, announced an update to its European Tour. After years of running a separate European Tour and Asian Tour, which saw multiple events held in the UAE, the PGA decided to establish a new branch of the […]

By K Raveendran With the Russian invasion of Ukraine already playing out, it is clear that the war between US and allies on one side and Russia on the other would be fought not just at the military and economic levels, as already manifested by the western sanctions, but with another strategic weapon as well: […]

The post Energy Is A Strategic Weapon In Russia’s War Against Ukraine first appeared on IPA Newspack.

By James M Dorsey Europe is likely to shoulder the brunt of the fallout of a rapidly escalating crisis over Ukraine. Middle Eastern states could prove to be a close second. That is no truer than for Turkey and Israel, whose management of the Ukraine crisis could determine their ability to protect perceived core national […]

The post Middle East Faces Spill-Over Effect From Ukraine War Threats first appeared on IPA Newspack.

Arabian Post Staff Dubai International (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. DXB’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a strong last quarter. Paul Griffiths, CEO of Dubai Airports, described an eventful year which, despite the […]

Arabian Post Staff IMF has commended the UAE authorities on a successful vaccination program and prompt policy response to combat the effects of the pandemic and welcomed the economic recovery underway. This is mentioned in the IMF board’s 2021 Article IV consultations with the UAE authorities. Noting that significant downside risks remain, the Fund encouraged the authorities to pursue further efforts to maintain macro-financial stability, strengthen fiscal […]

Bjørnar Tonhaugen According to prices in the market, and numerous market observers, the world is not producing enough oil to keep up with near-term demand. Are we facing the start of a major supply crunch in the upstream world of oil like for natural gas? As global demand recovers from the pandemic, could we be near exhaustion of short-term production capacity, which means that the drop in […]

By Suraj Tiwari The pandemic has shifted the travel process, and it’s brought the airport experience to the forefront. With travel restrictions easing globally, border control authorities are likely to spend more time scrutinising travellers’ records, given the added need to review health credentials and vaccination statuses. While biometric identity management systems have helped improve this situation to some extent by enabling officials at border gates to […]

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