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Arabia

Smugglers protests: Iran succumbs to trauma and demons

James M. Dorsey The clashes sparked by a crackdown on cross border fuel smuggling to neighbouring Pakistan achieved what past US and Saudi machinations failed to accomplish: ethnic unrest in a strategic, impoverished and long restive majority Sunni province in predominantly Shiite Iran.Recent clashes in the Iranian province of Sistan and Balochistan highlight Iran’s vulnerabilities as well as its inability to overcome trauma and control its demons. The […]

Shuaa declares first post-merger dividend

Arabian Post Staff SHUAA and its subsidiaries achieved an FY 2020 net profit attributable to shareholders of AED 125 million, up 168% year on year, with continued strong EBITDA generation of AED 349 million, up 89% year on year. Despite significant valuation adjustments across the Group’s listed and unlisted assets and portfolios, the results benefited from three consecutive quarters of profit. Assets under management increased to a […]

Gartner sees AI playing big role in investment decisions

Arabian Post Staff By 2025, more than 75% of venture capital (VC) and early-stage investor executive reviews will be informed using artificial intelligence (AI) and data analytics, according to Gartner. “Successful investors are purported to have a good “gut feel” — the ability to make sound financial decisions from mostly qualitative information alongside the quantitative data provided by the technology company,” said Patrick Stakenas, senior research director at Gartner. “However, this […]

Mohamed Said Guedi first Djibouti national to get UAE golden visa

Arabian Post Staff Mohamed Said Guedi, Founder and Chairman of the diversified MSG group of companies, has been granted the 10-year golden visa by the UAE government. The honour is in recognition of his outstanding services as a businessman and entrepreneur who has helped grow several businesses from start-ups into multi-million dollar entities. Mr. Guedi is the first Djibouti national to receive the coveted golden visa.  He […]

Friendship with Israel seen unleashing innovative talent

Arabian Post Staff Recent peace agreements signed in the Middle East – most importantly, the Abraham Accords, have paved the way to transform the region into an innovative knowledge-based economy with enormous growth opportunities, a session of the World Government Summit Dialogues was told. In the session moderated by Becky Anderson, CNN’s Managing Editor in Abu Dhabi, Nechemia Peres, Chairman of the Peres Center for Peace, and […]

Saudi Arabia approves incentives for Hajj and Umrah businesses

RIYADH: Saudi Arabia’s King Salman approved a number of incentive initiatives for establishments operating in the Hajj and Umrah sectors, Saudi Press Agency (SPA) reported on Monday. The move comes

Saudi Arabia launches women’s accountancy program

RIYADH: A program to encourage Saudi women to join the accounting profession was launched on Monday by Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi. The program is organized by the Saudi

UAE tops in mobile phone subscription index globally

Arabian Post StaffUAE According to the UN E-Government Survey 2020, the UAE’s telecommunications infrastructure ranks first in the Gulf, Arab Region and Western Asia, and seventh globally in the Telecommunications Infrastructure Index. In the Smart Services Index, the UAE ranks first in the Gulf, the Arab Region and West Asia, and the eighth in the world. The survey confirmed the UAE’s determination to provide services that meet […]

How Accelerated Branding helped companies through these unprecedented times

The brand lives in the hearts and minds of consumers, and brand loyalty is an invaluable asset as the battle for customers intensifies. During these unprecedented times some struggled while others were invigorated. The difference was the brand’s legacy being properly communicated to the company’s personas. Accelerated Branding has provided industry giants the platform to get through these times unscatched. The Accelerated Branding™ process creates timeless brands […]

Emaar Properties, Malls to merge

Arabian Post Staff Emaar Properties and Emaar Malls have announced a plan to merge the two units to become MENA’s largest integrated and diversified real estate company As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties and will continue to develop and hold a portfolio of premium shopping malls and retail assets, and Emaar […]

Fintech start-ups raise $121b funding

Arabian Post Staff The strong investment activity in the fintech sector continued in 2020, despite the global slowdown in venture capital deals caused by the COVID-19. According to data presented by AksjeBloggen.com, the cumulative value of funds fintech startups raised over time hit $121.7bn in February, a $20bn increase in a year. In 2018, fintech startups raised $31.3bn with the cumulative funding value reaching $71.3bn that year, revealed the […]

After 60 years, native gazelles return to Arabia

MAKKAH: After a 60 year absence, the Arabian oryx and rhim gazelle have now returned to Rawdat Attinhat at the King Abdul Aziz Royal Reserve, north of the Kingdom’s capital city Riyadh. In close

King Salman receives phone call from Kuwait emir

LONDON: Saudi Arabia’s King Salman received a phone call from Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, emir of Kuwait, on Friday. During the phone call, Sheikh Nawaf congratulated the king on the

Crown Prince directed Khashoggi murder: US report

Saudi Arabia’s crown prince, Mohammed bin Salman, directed the operation that ended with the grisly murder of U.S.-based journalist Jamal Khashoggi, Los Angeles Times reported citing an unclassified U.S. intelligence report. The four-page report cited by the paper said the goal of the mission in 2018, which included seven members of the crown prince’s “elite personal protective detail,” was to capture or kill Khashoggi, a Saudi journalist […]

Saudi Arabia working to enhance energy security – cabinet

RIYADH: Saudi Arabia is committed to supporting the stability of the oil markets and the sustainability of global supplies, the Kingdom’s cabinet said. The announcement was made during the cabinet’s

Barclays, HSBC red-flagged for Amazon deforestation

Arabian Post Staff Barclays and HSBC are in the top three banks in Europe investing in companies at high risk of being linked to the deforestation of the Amazon and Cerrado for cattle and soya production to feed factory farmed animals globally, according to a new report by World Animal Protection. International bank BNP Paribas was ranked number one. The report, Big Meat. Big Bucks. Bigger Harm, found that Barclays and […]

INTERVIEW: Female Saudi driver feels right at home at Diriyah E-Prix

RIYADH: Ahead of the 2021 Diriyah E-Prix double-header on Friday, Arab News caught up with Reema Al-Juffali, one of Saudi Arabia’s rising stars in motorsports. Al-Juffali, 29, talked about Formula E,

Saudi cave guide unlocks doors to ‘hidden’ Kingdom

MAKKAH: Tareq Mohammed, a specialist in cave tourism from Madinah, is opening the door to a new world of geotourism in Saudi Arabia. Tourism guidance is Mohammed’s life, and the Kingdom’s caves and

Crown prince to patronize Saudi Cup ceremony on Saturday

LONDON: Saudi Arabia’s Crown Prince Mohammed bin Salman will patronize the Saudi Cup ceremony that will take place on Saturday evening at the King Abdul Aziz Racecourse in Janadriyah. The world’s

Food prices lift Saudi inflation to 5.7 percent in January,

RIYADH: he Consumer Price Index (CPI) in Saudi Arabia increased 5.7 percent in January 2021 compared to the same month last year 2020 and 3.5 percent compared to last December, according to data

Saudi Arabia to halt contracts with foreign companies that do not

RIYADH: Saudi Arabia will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom. The rule will include agencies, institutions and

Emaar posts AED2.67b net profit for 2020

Arabian Post Staff Emaar Properties , the master developer of the Burj Khalifa, reported a revenue of AED 19.710 billion (US$ 5.366 billion) and net profit of AED 2.617 billion (US$ 712 million). Overall property sales were worth AED 10.902 billion (US$ 2.968 billion) of which AED 6.321 billion (US$ 1.721 billion) was achieved in UAE. The company attributed the performance to sustained interest from investors, both domestic […]

Saudi-led Arab coalition intercepts Houthi drone targeting Abha

The Saudi-led Arab coalition forces intercepted a drone fired by the Houthi militia toward Saudi Arabia’s Abha International Airport on Saturday. The attacks came just days after the Houthis sparked

Saudi, Spanish foreign ministers discuss joint cooperation

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan held a meeting with his Spanish counterpart Arancha Gonzalez Laya in the capital Riyadh on Tuesday. During the meeting, they discussed