By James M. Dorsey The times they are a changin’. Iranian leaders may not be Bob Dylan fans, but his words are likely to resonate as they contemplate their next steps in Iraq, Iraqi Kurdistan, Lebanon, and Azerbaijan. The same is true for Turkish President Recep Tayyip Erdogan. The president’s shine as a fierce defender of Muslim causes, except for when there is an economic price tag […]
Traveling is fun. You get to recharge, expose yourself to new things, and keep stress and anxiety at bay. It’s also a great way to make you physically healthier and creative. But where you’re staying during your trip and how you’re going to reach your destination can influence your overall travel experience. So to experience the perks of traveling, you need to book the best flight and […]
Arabian Post Staff Dubai-based Damac group has entered a partnership with Dataplex Group Limited, a data centre colocation, engineering and construction solutions company headquartered in Dublin, Ireland. The partnership will focus on brownfield projects involving retrofitting existing structures and larger greenfield projects, with specific focus on hyperscale and wholesale colocation customers. Damac has also invested in Dataplex, which will result in a shareholding of up to 45% […]
Arabian Post Staff The first bitcoin futures ETF will begin trading this week, marking a milestone in the development of crypto industry. The futures product has been approved by the Securities and Exchange Commission. The debut will be with ProShares, a filing from the company indicated. This means the exchange will allow investors to trade the funds as allowed under federal law without SEC intervention. The ProShares Bitcoin […]
Arabian Post Staff The Federal Tax Authority (FTA) has processed more than 9,640 requests to recover Value-Added Tax (VAT) incurred by UAE nationals on building their new residences by September 2021 – more than 107.1% growth from the figure reported in the first nine months of 2021 compared to the total number of processed requests until the end of 2020. In a press statement, the Authority highlighted […]
Arabian Post Staff Africa is set to power the world’s digital transformation with its huge young talent base powering an offshore services export revolution with Egypt in pole position and Ghana set to lead on bridging the digital gender divide, day one GITEX GLOBAL Leaders Vision Summit in Dubai heard today. Speaking on the Africa focus opening day of the inaugural Leaders Vision summit, H.E Dr. Amr […]
The last two years have been a time of great changes, both in the lives of many people and in business. Owing to the pandemic-related restrictions, some companies suffered losses, while others, on the contrary, found new opportunities for growth and development amid the financial crisis. One may say that the years 2020 and 2021 were quite revealing in many ways. The international marketing company Evorich was […]
Arabian Post Staff Malaffi, the region’s first Health Information Exchange (HIE) platform and a strategic initiative of the Department of Health – Abu Dhabi (DOH), announced that all public and private hospitals in the Emirate are now connected to the platform. This is an important milestone towards allowing healthcare providers to safely exchange important patient health information in real-time, creating a centralised database of unified patient records. […]
James M Dorsey It may not have been planned or coordinated but efforts by Middle Eastern states to dial down tensions serve as an example of what happens when big power interests coincide. It also provides evidence of the potentially positive fallout of a lower US profile in the region. Afghanistan, the United States’ chaotic withdrawal notwithstanding, could emerge as another example of the positive impact when […]
Image – Pixabay CC0 License Online business was already taking over offline activities long before the pandemic. Still, the shift towards digital interactions and transactions has become even more noticeable in the past two years. Companies must, therefore, update their strategies to reflect the evolving landscape. Otherwise, they will run the risk of being left behind. So, if your company is persisting with outdated ideas that were […]
Arabian Post Staff The Dubai World Trade Centre Authority (DWTCA) today announced new regulations to encourage family businesses to establish Single and Multiple Family Office (SFO & MFO) licenses with the free zone. The regulations address the needs of family-run entities and introduce a new platform for wealthy families to set-up offshore holding companies within DWTCA’s designated free zone to manage their private family global wealth, assets […]
By James M. Dorsey Two separate developments involving improved relations between Sunni and Shiite Muslims and women’s sporting rights demonstrate major shifts in how rivalry for leadership of the Muslim world and competition to define Islam in the 21st century is playing out in a world in which Middle Eastern states can no longer depend on the United States coming to their defence. The developments fit into […]
K Raveendran Big financial institutions recognize the superiority of blockchain technology, but are intimidated by the prospects of bitcoin replacing them, so they will try to censor, control and manipulate it before ultimately they will be forced to accommodate it on public demand, says Grigory Rybalchenko, founder and CEO of Emirex, an exchange and a marketplace for digital assets and cryptocurrencies. Gregory will be among the top […]
Arabian Post Staff Co-hosted by NexChange Group, Evolution Group and EcoX Dubai, Gulf Blockchain Week 2021 takes place in JW Marriott Marquis Dubai. The week-long event continues from October 8 to October 15, 2021. The week’s core event, set for October 11-12, is the Gulf Blockchain Summit. Distributed ledgers, and blockchain technology, have already disrupted many industries, created decentralized economy opportunities while drastically improved quality for existing services for governments, corporations, private […]
James M Dorsey Societal struggles and reform often take unexpected turns in vast swaths of land stretching from the Middle East into Central Asia. Take education for example. The Taliban have yet to fulfil their promise to allow girls to return to school but primary and secondary Afghan textbooks appear to be a relative bright spot amid all the doom and gloom about the group’s rule. It’s a bright […]
Arabian Post Staff Etihad Rail, the developer and operator of the UAE National Rail Network, has announced signing a strategic partnership with Herrenknecht, one of the oldest and largest companies specialised in tunnelling solutions, to develop new tunnel design and construction technologies. The agreement, which took place on the sideline of Expo 2020 Dubai, was signed by Shadi Malak, Chief Executive Officer of Etihad Rail, and Martin […]
Arabian Post Staff Oil prices are currently ruling at such levels that they carry quite some risk for traders, with today’s wild fluctuation illustrating their fragility and vulnerability to market developments. As Monday’s OPEC+ policy decision does not relieve the market tightness further in coming months, oil prices continued their stunning rally this morning. Despite the bullish morning, the API estimate that US crude stocks built last […]
Arabian Post Staff Bank of America has launched its digital asset research with the publication of a report entitled “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy. Digital assets represent a $2 trillion+ market value with 200 million+ users, and have the potential to transform every industry by improving efficiency and reducing friction across transactions. Hundreds […]
Arabian Post Staff The United Arab Emirates Space Agency announced the commencement of a new Emirati interplanetary mission, designed to further accelerate the young nation’s space engineering, scientific research and exploration capabilities and drive innovation and opportunity in the country’s private sector. Built on the knowledge and experience gained from the Emirates Mars Mission (EMM), the new mission will involve significant participation from Emirati private sector companies. […]
Arabian Post Staff During September, the Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects a growing appetite from market participants. Following […]
Since October 1, 2021, Minh Tien Group, a member of Vietnam Coffee – Cocoa Association, has presented the Circular Economy Model at World Expo 2020, organised in Dubai, United Arab Emirates. HANOI, VIETNAM – Media OutReach – 4 October 2021 – World Expos, a non-commercial exhibition series with over a century of history, is organised every five years. The Expos are dedicated to endorse national culture, encourage […]
Arabian Post Staff The new water feature is a star attraction at Dubai Expo 2020. Thunderous music, climbing and falling water waves, synchronised with haunting melodies, combine to weave a certain magic for the spectators. The mechanics of the installation creates the illusion that the water is shooting in reverse from the sides as it rises above spectator’s heads before falling to their feet. The installation is […]
Arabian Post Staff Expo 2020, which just got under way with the kind of fanfare typically characteristic of Dubai, is expected to lead to a significant rebound in tourism and other domestic economic activities. The prestigious show is also expected to greatly add to the emirate’s attraction for highly skilled professionals and support private sector employment, increase trade and foreign investment, and harness the benefits of technology, […]
Arabian Post Staff IMF has forecast a gradual recovery by the UAE economy in 2021, supported by the country’s early and strong health response, continued supportive macroeconomic policies, and rebound in tourism and domestic activity related to the delayed Expo 2020. The Fund expects non-oil GDP growth to exceed 3 percent this year, and to improve further in the medium-term, while oil GDP will continue to grow […]
