By Matein Khalid Brent crude is now down 11% to 73 and West Texas Intermediate (WTI) is now down a shocking 13% at 68. President Biden may wish to remember the old Persian proverb “do not wish for anything too badly. You may just get it”. Biden had green lighted a release from the American Strategic Petroleum Reserve (SPR) last week but oil traders actually bid up […]
Arabian Post Staff The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, one of the region’s largest holding companies, is taking the next step in its business diversification strategy with the strategic assets transfer of tourism business unit from Etihad Airways to ADNEC Group. Etihad Holidays will be acquired by Abu Dhabi National Exhibition Company (ADNEC) to expand their footprint in tourism. Etihad Holidays will integrate with […]
By James M Dorsey It has been a good week for United Arab Emirates Crown Prince Mohammed bin Zayed. Headline-grabbing, fast-paced moves reinforce the UAE’s position as a regional power. They highlight the UAE’s willingness to chart a course that increasingly competes with Saudi Arabia, the Gulf’s regional behemoth; is at times at odds with US policy; and scoffs at assertions of human rights abuse by activists […]
Arabian Post Staff A new and unchartered type of price war is brewing in the oil market. The world’s biggest consumers of oil have pledged an unprecedented and relatively sizeable release of strategic reserves onto the market to quell high oil prices amid pandemic recovery. The orchestrated release of what is estimated as 71.5 million barrels from the US, China, India, Japan, South Korea, and the UK […]
Source: Unsplash Payments online no longer evoke fear or uncertainty, as they are now a standard way of exchanging money for various goods and services. We shop online, book tickets, make reservations, and pay for all of it from our bank accounts, using our credit cards. Such activities are easy to track and controlled by banks. The majority of people don’t care about that fact, but there […]
The Domain Name System or DNS is a key componet in the Internet landscape, and it helps connect the domain names with the web servers, thereby controlling traffic on the web. DNS hosting service is offered by a registrar if you want to use your domain name for both website and email. Being a service managing DNS servers, DNS hosting is usually provided along with registration. When […]
If you are looking to start your immigration journey to the United States and to secure the future of your children, you should attend The American Legal Center’s seminar on Saturday, November 27, 2021 at the Mandarin Oriental in Doha, Qatar. The seminar will discuss the United States residency by investment program, called the EB-5 Immigrant Investor program, which was created by the U.S. Congress to stimulate […]
Arabian Post Staff The fast-food service sector is expected to grow at 5.8 percent per year to US$4.51 billion in 2022, up from US$3.66 billion in 2018, according to a report by Statista.com, a digital market intelligence provider. The full-service restaurants revenue in the UAE is expected to reach US$2.34 billion in 2022, up from US$1.94 billion recorded in 2018, while the sales revenue of the coffee […]
By Matein Khalid I remember a time when Lebanon was called “le rêve d’orient” by its Francophile elite. This was definitely the case in the affluent enclaves of Ashrafieh, Beit Mary and Rue Munot where the jeunesse dorée partied with Galic abandon in the mid 1990’s. This was a time of hope for a country still haunted by the nightmare of a civil war that had witnessed […]
Arabian Post Staff The Ministry of Industry and Advanced Technology (MoIAT) and Dubai Industrial City (DI) have signed a deal designed to further enhance the UAE’s industrial sector while facilitating decarbonisation efforts. The Memorandum of Understanding was signed on the first day of the Global Manufacturing and Industrialisation Summit at Expo 2020 Dubai. It focused on three core elements, including enabling the UAE’s Industry 4.0 program, attracting […]
By James M Dorsey, When seven-time Formula One world champion Lewis Hamilton wore a helmet this weekend featuring the colours of the LGBTI Pride Progress Flag during the debut Qatar Grand Prix, he was challenging more than the Gulf state’s failure to recognise rights. So will the Danish Football Union (DBU), Denmark’s governing soccer body, that announced that its commercial sponsors had agreed to surrender space on training kits […]
Life insurer acquires stake in Merchantrade Asia Sdn Bhd, fortifies collaboration PETALING JAYA, MALAYSIA – Media OutReach – 22 November 2021 – MCIS Insurance Berhad (MCIS Life) has taken up a 4.99% stake in Merchantrade Asia Sdn Bhd, the leading e-money player and the country’s largest Money Services Business operator, through the acquisition of new ordinary shares of an undisclosed amount. The two companies kicked-off a marketing distribution arrangement in 2019 where […]
Arabian Post Staff The Abu Dhabi National Oil Company (ADNOC) announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. The announcement was made at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) and follows the recent […]
Arabian Post Staff Etihad Rail announced the completion of excavation of all rail tunnels of Package D of Stage Two of the UAE National Rail Network, which will be a key element of the global supply chain, and play a vital role in sustaining the position of the United Arab Emirates as a global and regional transport, shipping and logistics hub. The network will also support the […]
The global increase in demand for immigration to countries with economic and political stability has made the United States EB-5 Immigrant Investor program more attractive to residents of the United Arab Emirates and neighboring Gulf Cooperation Council (GCC) countries. The EB-5 program affords families the opportunity to obtain U.S. residency and Green Cards with an investment of $500,000 in a new commercial enterprise in the United States […]
Arabian Post Staff Pandora Papers have made fresh disclosures about a trove of secret records obtained by the International Consortium of Investigative Journalists, revealing that the UAE is home to a raft of shady players in the offshore world. Among them: A Belgian tycoon accused of profiting from the smuggling of “conflict gold” ripped from violence-torn regions of the Democratic Republic of Congo. An internet mogul from […]
Arabian Post Staff Emaar Properties announced it has achieved an impressive growth in property sales which increased by over 236 per cent to AED 26.146 billion (US$ 7.118 billion) compared to the same period in 2020. Led by its UAE development business and complemented by its international operations, the achieved results underscore investors’ continued confidence in the Emaar brand and its exponential success. Backed by robust property […]
Arabian Post Staff Passenger traffic at Dubai International (DXB) has grown by almost 20% in the last four weeks to reach 20.7 million in the year to date to October. This is the result of the changes in travel restrictions in key global markets in recent months which is generating renewed confidence in the prospects of international travel. The world’s busiest international airport is expecting this surge […]
Arabian Post Staff Emaar Development, the build-to-sell property development business majority-owned by Emaar Properties, achieved strong performance during the first nine months (January to September) of 2021, with a strong contribution by exceptional inventory sales, and reinforced by recent successful launches creating value for the future. The developer reported its highest ever property sales of AED 20.943 billion (US$ 5.702 billion) in the first nine months of 2021, […]
By James M Dorsey Former Saudi intelligence chief Prince Turki AlFaisal Al Saud must have gotten his tenses mixed up when he asserted in a recently published memoir that no one should underestimate the political importance of Muslims’ commitment to helping other Muslims. Prince Turki’s memoir is focused on Afghanistan, a major preoccupation during his tenure as head of the General Intelligence Department (GID), the kingdom’s foreign intelligence […]
Arabian Post Staff Dubai Airshow 2021, set to be the biggest Airshow held in the UAE to date, will welcome members of the general public, families and children to witness the daily flying display from the purpose-built Skyview Grandstand, at Dubai World Central, Al Maktoum International Airport, the home of the Airshow, taking place from 14-18 November. The flying teams include Al Fursan, the United Arab Emirates […]
Erdogan Becoming a Liability for Turkey By Manish Rai Last month Turkey made it into the grey list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog headquartered in Paris. Turkey now joins its close ally Pakistan in FATF’s crosshairs. Surprisingly Turkey becomes the largest economy to be included in this list. The FATF listing for Ankara comes on the back of […]
Evorich community members celebrated the 7th anniversary of MLCI business and the company’s birthday at the large-scale business forum EVENTI 2021, which took place in October in Dubai. In addition to speeches, testimonials, awarding of leaders and training sessions, the event saw the launch of the new line of perfumes EvoScent created by the renowned perfumer Ramón Béjar specifically for Evorich. Ramón Béjar developed a limited collection […]
The population size and diversity of immigrants in the United States has increased over the years. In 2018, it was reported that immigrants living in the U.S. accounted for 13.7% of the U.S. population. In the last few years there has been an increased focus on immigration, particularly looking at whether foreign nationals burden or strengthen the country’s economy. This highlighted interest in immigrants and their contribution […]
