Performance across Saudi Arabia’s various real estate market asset classes remains mixed. However, the residential market continues to outperform, according to the latest quarterly Saudi Arabia Real Estate Market Review by global property consultants, Knight Frank. Knight Frank notes that the number of residential transactions in Riyadh are up 77%, year on year and a similar story is playing out on the Red Sea coastal city of […]
Arabian Post Staff Anghami Inc, the music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisition Company Inc., a publicly traded special purpose acquisition company led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, announced they have sought regulatory approval for their proposed business combination. The business combination is subject to customary closing conditions, including the approval […]
-Product planning ability cultivated in domestic condominium business and solid construction design highly evaluated- TOKYO, JAPAN – Media OutReach – 4 August 2021 – Nomura Real Estate Development Co., Ltd. (Head office: Shinjuku-ku, Tokyo, President and Representative Director: Daisaku Matsuo; hereinafter “the Company”) announced that The Seasons Residence, a condominium in Manila, Philippines, promoted jointly by the Company, Isetan Mitsukoshi Holdings Ltd. (hereinafter “Isetan Mitsukoshi HDS”) and major Filipino […]
James Dorsey Boasting an almost 1,000-kilometer border with Iran and a history of troubled relations between the Iranians and Sunni Muslim militants, including the Taliban, Afghanistan could become a bellwether for the future of the rivalry between the Islamic Republic and Saudi Arabia. Had the United States withdrawn from Afghanistan several years earlier, chances would have been that Saudi Arabia would have sought to exploit military advances […]
James M. Dorsey A recent analysis of Middle Eastern states’ interventionist policies suggests that misguided big power approaches have fueled a vicious cycle of interference and instability over the last decade. Those approaches are abetted, if not encouraged by US and Chinese strategies that are similar, if not essentially the same, just labelled differently. The United States has long opted for regime stability in the Middle East rather than […]
Raytheon is America’s preeminent vendor of advanced aerospace technology products, mission critical for 21st century warfare. Hypersonic missiles, space to space command and control systems, cyber warfare, satellite reconnaissance/surveillance/smart drones and defence electronics. The stock has been a beauty, rising from 55 on Election Day to 89 now even though the Republicans lost the White House. This is the testament to the fact that its product menu […]
Despite the recent softer tone for the US dollar, a deterioration in US/China geopolitics and a rise in the delta/lambda variants of coronavirus, gold has been unable to breakout convincingly above the 1800 an ounce on any safe haven buying binge. The only possible conclusion is that Auric is still traumatized by the Federal Reserve’s signal that it will taper its monetary policy on a time table […]
Arabian Post Staff Lucid Group, which is setting new standards for sustainable mobility with its advanced luxury EVs, today became a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock and public warrants listed under the new ticker symbols “LCID” and “LCIDW,” respectively. Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined […]
James M Dorsey This month’s indictment of a billionaire, one-time advisor and close associate of former US President Donald J. Trump, on charges of operating as an unregistered foreign agent in the United States for the United Arab Emirates highlights the successes and pitfalls of a high-stakes Emirati effort to influence US policy. The indictment of businessman Thomas J. Barrack, who maintained close ties to UAE Crown Prince […]
Airbnb (ABNB) is one of the great investment regrets of my life since I turned down a chance to invest in it a decade ago at a valuation of a mere $1 billion, even though a lady far smarter than me invested $10 million in it and is now a Silicon Valley billionaire from Dubai. ABNB has been a disaster in 2021 since it peaked at 219.94 […]
James Dorsey China may have no short-term interest in contributing to guaranteeing security in parts of a swath of land stretching from Central Asia to the East coast of Africa, but that does not prevent the People’s Republic from preparing for a time when it may wish to build on long-standing political and military relationships in various parts of the world to project power and maintain an […]
After an epic fall in 2020-2021 due the coronavirus shock and the subsequent explosion in the Federal Reserve’s balance sheet to its current $8.2 trillion, the US dollar has made a counter cyclical move to 93 on its trade weighted index (DXY). The catalyst for this move are massive Japanese purchase of long duration US Treasury bonds, Chinese central bank intervention to arrest the rise of the […]
Arabian Post Staff Trump’s former inaugural chairman Tom Barrack has been indicted for illegally promoting the interests of UAE by building a backchannel to senior US officials, US media reports said. According to Bloomberg, Barrack and two of his associates were charged with failing to register as foreign agents for work they allegedly did to promote the United Arab Emirates’ foreign policy interests and increase its political […]
I believe Brent’s 6% plunge last night to close below 70 for the first time since May is an ideal opportunity to accumulate high beta shale drillers and oil services shares that were gutted by 20 to 25% in the brutal correction since the past month. The world oil market is tight and has a deficit of 2.4 MBD. So it made perfect political sense for OPEC […]
So I hear from the Valley grapevine that the Robinhood could hit Nasdaq anytime in the next few weeks and the underwriters have begun the roadshow for HOOD at a valuation of $35 to $40 billion. This could be the mother (and father) of all shorting opportunities as I would not touch this puppy with a ten foot pole. Why? One, the two founders own less than […]
In the battle to be the pre-eminent travel hub in the Middle East, the latest research from ForwardKeys, which has the world’s freshest and most comprehensive fight booking data, reveals that in the first half of 2021, Doha seized and consolidated a lead over Dubai. In the period 1st January to 30th June, the volume of air tickets issued for travel via Doha was 18% higher than it was […]
James M Dorsey A recent unprecedented alliance between Muslims and Evangelicals takes on added significance in a world in which human rights are on the defensive, religious groups tend to forge political as well as ideational partnerships, and the role of the clergy in multiple Muslim-majority countries has come under scrutiny. The alliance potentially could create a platform for voices in the Muslim world, particularly the Middle East, […]
Sheikh Zayed bin Sultan Al Nahyan was not only the founder of the most successful political federation in the modern history of the Arab World but also the architect of the UAE’s innovative, globalised oil and gas sector. The late UAE President defied the populist trend in OPEC in the 1970’s to nationalise the assets of foreign oil companies. Instead, he signed joint ventures and concession agreements […]
Time for a futuristic idea – why? In the spirit of Barney The Purple Dinosaur From Our Imagination, I love you, you love me, we are happy family – as long as we keep a safe digital distance from each other. So here goes with an idea du jour. Airbnb (ABNB) has tanked from 156 to 137 in the last two weeks, yikes. Yet the trends since […]
Every few years governments review their national immigration programs to determine whether the program is still aligned with their set out objects. In most cases the government responds by increasing the program investment requirement in an effort to keep up with the rising inflation rate and demand. This can be evidenced by looking at the United Kingdom’s golden visa. However, the EB-5 program was at $500,000 for […]
Arabian Post Staff Pirelli has launched a new type of tyre dedicated primarily to electric or hybrid cars and SUVs. Made to support the weight of new vehicles equipped with batteries, the tyre is perfect for heavier vehicles, such as electric cars. It is designed to provide low rolling resistance as well as a high level of driving comfort. The new tyre features the HL (high load) […]
Arabian Post Staff CARS24, one of the world’s fastest-growing e-commerce platforms for pre-owned vehicles, has entered the UAE. The company has invested heavily on its technology framework and has become one of the first companies in the UAE to provide a seamless car buying experience entirely online. A customer can browse through thousands of cars, identify and book their favourite car, complete the full payment and documentation […]
James M Dorsey A major Muslim and Evangelical organization joined forces this week to significantly advance hitherto state-backed ceremonial inter-faith dialogues that seldom go beyond platitudes and lofty statements. This week’s launch at a Washington DC mosque of an inter-faith alliance and a book published by the Institute for Humanitarian Islam and the Germany-based World Evangelical Alliance (WEA) as well as the Center for Shared Civilizational Values constitutes an […]
Arabian Post Staff The Armenian National Interests Fund (ANIF) and Sharjah’s low cost carrier Air Arabia announced the signing of an agreement to launch Armenia’s new national airline. The agreement will see the establishment of an independent joint venture company that will operate as a low-cost passenger airline with Yerevan’s Zvartnots International Airport (EVN) as its base. The announcement was made following a signing ceremony and a […]
