By Arabian Post Staff Saudi Arabia has unveiled a 2020 budget that projects a budget deficit of 6.4 percent of GDP. This is much higher than the figure for 2019, which was estimated at 4.7 percent. The 20220 budget indicates total expenditures of SAR 1,020 billion, and SAR 833 billion of projected revenues. For FY 2019, it is expected that the actual expenditures will reach SAR 1,048 billion and total actual revenues are expected […]
By Arabian Post Staff DJIBOUTI: Just a few kilometres from the centre of the capital city of Djibouti, experts are giving final touches to what is tipped to be the second largest mosque in the country. The initial idea of Masjid Al Rayan originated in the need for providing a place for worshipers who had to vacate their original neighbourhood in an old district of the capital. […]
By Arabian Post Staff Landmark Group announced the opening of its fully-automated Mega Distribution Centre (DC) at JAFZA, Dubai – the largest of its kind in the GCC. The Group invested over AED 1 billion with a firm strategy to further strengthen its supply chain capabilities and build a facility that can serve as a logistics and distribution hub for the region. The Mega DC will also […]
By Arabian Post Staff Chairman of Dubai based DAMAC Properties, Hussain Sajwani, through his private investment company, Vision Investments, has bought the Italian fashion group Roberto Cavalli SpA. The acquisition of the Florentine brand was completed on November 28th. The UAE-based investment company emerged as the top bidder amongst various entities that were vying for the globally recognized fashion brand. Roberto Cavalli was previously controlled by the […]
By Arabian Post Staff A surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). The strong 4.3 per cent increase in volume growth compared to the same period last year was supported […]
[ad_1] Author: Mon, 2019-10-21 16:02 DUBAI: Mariah Carey stepped out in a gorgeous gown by Dubai-based designer Furne One, founder of Amato Couture, as crowds gathered at Burj Park on Sunday night to mark the one-year countdown to Expo 2020. Carey sparkled in a full-length studded dress featuring intricate patterns and Swarovski crystals. She has been spotted in one of Amato Couture’s gowns before, at the Cannes Film […]
By Matein Khalid I first encountered Lebanon as a teenager after the fabled Choueifat College opened its first UAE campus in Sharjah, fleeing the civil war in the Chouf. My ignorance of the country I was to know and love as my own patrie was monumental. When a classmate told me he was a Darzi, I assumed his father was a tailor since Darzi means “tailor” in […]
Starting a company in the UAE is straightforward for both locals and foreigners. The following simple steps will guide you on how to start your company without any issues:
By Arabian Post Staff Boeing and Emirates announced they have finalized a purchase agreement for 30 787-9 Dreamliner airplanes, valued at $8.8 billion according to list prices. The agreement, signed at the Dubai Airshow, culminates discussions between the two companies on the best 787 Dreamliner model to meet the requirements of one of the world’s leading airlines. Emirates had previously signed an initial agreement for the larger […]
By Arabian Post Staff More than US$500 billion (Dh1.8 trillion) worth of family wealth will be passed on to the next generations in the Middle East and North Africa (MENA) region within the next decade, experts at the 4th Wealth Arabia Summit (WAS) said on Tuesday. According to WealthX, a global intelligence solutions provider, more than US$15 trillion worth of family wealth will be passed over to the […]
By Arabian Post Staff Dubai Chamber of Commerce and Industry will play a pivotal role in creating new connections and collaborations as an official partner. As an official partner, Dubai Chamber will represent and support the interests of the UAE business community at Expo 2020, helping to connect them with international businesses, innovators, investors, and international chambers of commerce to create new avenues of long-term commercial success. […]
By Arabian Post Staff Emirates placed a firm order for 50 A350-900 XWB aircraft worth US$16 billion (Dh58.7 billion) at list prices at the Dubai Airshow 2019. Powered by Rolls-Royce Trent XWB engines, delivery of the first Emirates A350 XWB is expected in May 2023, and will continue until 2028. Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive, signed the deal with Guillaume Faury, […]
By Arabian Post Staff Air Arabia, the Middle East and North Africa’s first and largest low cost carrier, has signed a firm order for 120 Airbus aircraft comprising 73 A320neos, 27 A321neos and 20 A321XLRs. The agreement was signed at the 2019 Dubai Airshow in the presence of Air Arabia’s Chairman Sheikh Abdullah Bin Mohammed Al Thani, Adel Ali, Chief Executive Officer Air Arabia and Guillaume Faury, […]
By Arabian Post Staff The changing landscape of the US$360 trillion (Dh1,321 trillion) global wealth is now more than four times the global GDP of US$88 trillion. The wealth per adult reached a new record high of US$70,850, or 1.2% above the level of mid-2018 with Switzerland topping the biggest gains in wealth per adult this year, according to a latest report by Credit Suisse. Aggregate global […]
By Arabian Post Staff Emaar Properties recorded robust increase in net profit by 20 per cent during the third quarter (July to September) of 2019 to AED 1.331 billion (US$ 362 million), compared to the net profit of AED 1.110 billion (US$ 302 million) during the same period in 2018. Revenue also grew by 14 per cent to AED 6.075 billion (US$ 1.654 billion) during third quarter […]
By Arabian Post Staff Air Arabia announced a record net profit of AED 471 million for the three months ending September 30, 2019; an increase of 57 per cent compared to the AED 300 million reported for the same period last year. The company’s turnover for the third quarter of 2019 increased by 12 per cent to AED 1.438 billion, compared to AED 1.282 billion in the […]
Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East and Europe. He is an entrepreneur who grew several businesses from start-ups to millions in annual sales through effective business planning, quality of products, creative sales techniques and innovative marketing.
Saudi Arabia’s energy-sector manufacturing – industrial activities that are principally related to the energy value-chain – are set for robust growth in the coming decade, not only adding to the Kingdom’s exports but also promoting job creation among highly-skilled Saudis and strengthening the Small and Medium Enterprises (SME) sector, reports the findings of the first-of-its-kind study on the Saudi industrial and energy manufacturing landscape by GE. Unveiled […]
It’s the largest and most popular music festival in the world, so it’s no surprise that every single available ticket for Glastonbury Festival 2020 sold out instantly. Tickets were placed on general sale on the morning of Sunday, 6th October. They were all done within a matter of hours. During that time, websites crashed, phone lines became engaged, and millions of music fans took to the internet […]
By Arabian Post Staff Dubai International Financial Centre (DIFC) has announced a 45 percent growth in the Islamic assets being managed in the Centre over the past one year. Islamic finance is growing at 1.5 times the rate of traditional finance, and the Middle East, Africa, South Asia region (MEASA )continues to be a steady driver of this industry, fuelled by a number of jumbo sukuk issuances […]
By Arabian Post Staff Abu Dhabi announced the establishment of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the first graduate level, research-based AI university in the world. MBZUAI will enable graduate students, businesses, and governments to advance artificial intelligence. MBZUAI will introduce a new model of academia and research to the field of AI, providing students and faculty access to some of the world’s most […]
Many people are embracing cryotherapy as a holistic treatment for muscle recovery. This treatment was popularized by many athletes and celebrities who credited cryotherapy for more than just muscle recovery. Cryotherapy helps in muscle regeneration, rejuvenates your skin, and boosting your immune system. As cryotherapy continues to flourish throughout the world, Dubai has not been left behind. Many folks are reaping the benefits of visiting the cryotherapy […]
A 3d printer will enable you to print almost anything from the comfort of your home. 3D printing is transforming the way specialists design and create things. When 3d was first introduced, people thought that they would not need to visit the stores anymore. They believed that they could download pre-made designs and print them. Understanding the 3D Printer Before deciding to start your 3d printing adventure, […]
Most companies invest in training their employees to equip them with the relevant skill to perform specific jobs. Training enhances a workers’ performance and prepares him for future jobs and promotions. After training, employees can meet various challenges faced in the workplace. The leading companies in the UAE take their new entrants through relevant training to enable them to perform their jobs as expected. Employees who go […]
