Arabian Post Staff ADX-listed ADNOC Distribution today reported that its EBITDA stood at AED 3.1 billion, with net profit of AED2.2 billion for 2021. For the fourth quarter of 2021, EBITDA was AED802 million, while net profit stood at AED571 million. The company delivered a resilient financial performance throughout 2021, despite volatility caused by the COVID-19 pandemic. ADNOC Distribution has maintained a strong balance sheet as of […]
CEO Oscar Yamin alleges orchestrated campaign to malign company By Arabian Post Staff Amidst the latest Lebanese crisis, alleged fuel smuggling to Syria has been a recurring theme in both traditional media as well as social media platforms. All Lebanese petroleum importing companies such as Total, Uniterminal, Hypco, Medco, IPT, Wardieh, Liquigas, and Coral have been accused of corruption and smuggling of fuel. In view of the […]
Are you ready to make a move to Texas in 2022? We ask because Texas is now more than cowboy boots, ranches, and barbeques; it’s also one of the fastest-growing states in the U.S. Whenever you think about Texas, you may think about cowboys, big spaces, and country music. While all those are true, there’s more to Texas than meets the eye. Many people are moving to Texas […]
Image Source – CC0 License What should you do if your business starts going downhill? Things started off so perfectly, but you’ve now reached a point where everything is going wrong. This happens all the time as running a business is a bit like scaling some mountains. There are long periods where you’re always on the up, but there are also times where you’re going down. If […]
By James M Dorsey Israeli Prime Minister Naftali Bennett has laid out an expanded Israeli strategy to confront Iran that appears to move beyond a potential military strike against the Islamic republic’s nuclear facilities. Bennett appeared to be guided not only by concern about the fallout of a unilateral Israeli action but also seemingly mounting fears in Tehran that economic hardship could spark a social explosion. “Bennett’s new approach […]
Non-fungible tokens (NFTs) have seen incredible growth in popularity during 2020. Investors have become fascinated with the the rise of blockchains and the metaverse. Enjin is a company that has been a leader within the space since 2017, which enables users to create their own NFTs with many applications. The gaming industry is one of many industries interested in NFT and blockchain technology, along with how it […]
Life is full of distractions. Some of them are great, others not so much, but either way, distraction can be the antithesis of achieving. If you want to be successful, have a great career, own a big home and raise a well to do family, then you need to focus. In order to focus, you need something to focus on. This is where goals are worth their […]
Arabian Post Staff Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years. The new platform lays the groundwork for transforming the financial services […]
When it comes to retirement planning, there are a lot of options to choose from. One popular choice is starting your own business. A business can provide you with an income during your retirement years, and it can also be a tax-advantaged way to save for retirement. This blog post will discuss some business ideas that can fund your retirement. Photo by energepic.com from Pexels 1) Start […]
By James M. Dorsey Iran recently scored not one but two soccer successes. Fans celebrated after the country’s national team qualified for the third consecutive time for the World Cup after beating Iraq 1:0 last week. It wasn’t just men celebrating. It was men and women mingling freely in a Tehran square. That was after men and women, albeit segregated, egged on their team in Tehran’s Azadi or Freedom Stadium. Although […]
For decades demand for an alternative passport through participation in citizenship by investment (CBI) programs has been popular among families looking for the privilege of visa-free travel to various destinations. However, restrictions on mobility due to the coronavirus (Covid-19) pandemic have shifted much of the demand from CBI to demand for residency by investment (RBI). Priorities have changed as families are no longer solely looking for a […]
Arabian Post Staff The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, in a major change of course as the country seeks to diversify its income. Long known as a tax haven and the regional headquarters for a swathe of multinationals, the UAE will tax business profits over 375,000 AED ($102,000) at 9.0 percent from June next year, a statement […]
People enjoy playing card games with friends to have fun. There are various card games that you can choose from. However, the game preference depends on the group’s taste, age, and experience playing the card game. Rummy is one such card game that has been widely played among people. This draw and discard type card game is comparatively easier and pure fun to play. That is the […]
There’s no question that graphs are a powerful tool for visualizing data. But did you know that they can also be a powerful tool for business? This blog post will discuss the top reasons why graphs can help you succeed in business. By the end of this post, you’ll see just how useful graphs can be! Via Pexels Graphs Can Help You Understand Your Customer Base One […]
Arabian Post Staff The Securities and Commodities Authority (SCA)’s approval of the region’s first Special Purpose Acquisition Company (SPAC) regulatory framework has paved the way for the listing of the first SPAC on the ADX this year. The first of its kind in the GCC, the SPAC regulatory framework was developed by ADX and Abu Dhabi’s Department of Economic Development (DED), in conjunction with the SCA and […]
Arabian Post Staff Google has formed a dedicated Blockchain Group focused on “blockchain and other next-gen distributed computing and data storage technologies”. Shivakumar Venkataraman, an engineering vice president for Alphabet Inc.’s Google shall be leading this new blockchain division. Venkataraman led Google’s search advertising team for almost 19 years turned VP/GM at Google Labs in Jan 2022. Although Google has been offering cloud services to blockchain projects, this […]
