As the summers have already arrived and are now heading towards the peak, everybody somehow is going through the same thought process; how to get rid of the upcoming harsh temperatures? The ones who have already installed the cooling appliances are still at some peace as compared to those who are yet to begin the preparation. There’s nothing to be scared of even if you haven’t done […]
Arabian Post Staff DP World said the Jebel Ali Free Zone (Jafza) witnessed a 12 per cent growth in its healthcare and pharmaceuticals customer base between 2019-2020. As one of the most important contributing sectors in the Free Zone, the healthcare and pharmaceuticals segment is one of the key economic pillars in Jafza. Spanning an area of around 170,000 sqm, and currently housing 174 companies from 41 countries, the segment […]
James M. Dorsey Pakistan’s place in a new world order is anybody’s guess. Recent policy moves suggest options that run the gamut from a state that emphasizes religion above all else to a country that forges a more balanced relationship with China and the United States. The options need not be mutually exclusive but a populous, nuclear-armed country whose education system is partially anchored in rote learning […]
Arabian Post Staff The world’s newest anti-viral treatment for COVID-19, Sotrovimab, is now available for early treatment of certain categories COVID-19 patients in the UAE following a landmark agreement between the Abu Dhabi Department of Health, the country’s leading group purchasing organization (GPO) Rafed, and GlaxoSmithKline (GSK). With the arrival of the first shipment yesterday in Abu Dhabi airport, Abu Dhabi become the first location globally to […]
James M. Dorsey Eager to enhance its negotiating leverage with the United States and Europe, Iran is projecting imminent membership of the China-led Shanghai Cooperation Organization (SCO) in much the same way it pushed the signing of a much-touted 25-year cooperation agreement with the People’s Republic that has yet to have any real legs. Converting Iran’s SCO observer status into full membership is likely to be a […]
By Saifur Rahman COVID-19 hit the Emirates Group, which includes world’s largest international airline Emirates and its ticketing and ground handling arm Dnata, with a US$6.0 billion (Dh22.1 billion) net loss in 2020-2021 financial year ending March 2021, compared with an Dh1.7 billion (US$456 million) profit for reported for 2019-2020 financial year. This is the airline’s first loss in more than three decades and the second annual […]
Arabian Post Staff Abu Dhabi Securities Exchange (ADX) has listed 1 billion euros of bonds issued by Emirates Telecommunications Group Company PJSC (Etisalat Group) in two equal tranches maturing in 2028 and 2033. The bonds were more than six times over-subscribed. Etisalat Group’s 500 million euro 7-year notes mature on 17 May 2028 and carry a 0.375% coupon, while the 12-year 500-million-euro tranche matures on 17 May […]
Dr. James M. Dorsey Saudi Arabia has stepped up efforts to outflank the United Arab Emirates and Qatar as the Gulf’s commercial, cultural, and/or geostrategic hub. The kingdom has recently expanded its challenge to the smaller Gulf states by seeking to position Saudi Arabia as the region’s foremost sport destination once Qatar has had its moment in the sun with the 2022 World Cup as well as […]
By Saifur Rahman Bilateral trade between Portugal and the UAE grew to US$394.20 million (€324 million) in 2020, up from US$358.3 million in 2019, according to a top official. This reflects the fact that the two-way trade between the two countries increased during COVID-19 pandemic. The volume of non-oil trade exchange between the two countries during the past 10 years amounted to about US$2.89 billion, while the […]
By Saifur Rahman Singapore’s Social Loan Company and Dubai-based Aafaq Islamic Finance announced a partnership to deliver mobile-first loan platform that could democratise and disrupt the US$90.91 billion (Dh333.88 billion) consumer credit market in the UAE. The partnership with The Social Loan Company (TSLC), a Singapore-based AI/ML-powered cutting-edge big data-driven credit enablement platform company, will help Aafaq Islamic Finance to set up a trend-setting non-bank, mobile-first loan platform to […]
Arabian Post Staff Although the dust from the latest, uneventful, OPEC+ meeting has settled, trader enthusiasm has not ebbed, as oil prices have risen to high levels. It’s remarkable that prices are so high with the pandemic not being yet fully behind us and the real news of the day is that strong prices keep their gains. The policy discipline that OPEC+ has shown and the confidence […]
By Saifur Rahman Dubai: Bilateral trade between Poland and the UAE has exceeded US$1 billion in recent years, making the UAE the top trading partner of Poland in the Middle East, according to a top government official. “Our total trade with the GCC countries exceeded US$4 billion in recent years (US$4.9 billion In 2019 and US$4.1 billion in 2020), making it the largest trading partner of Poland among […]
