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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 […]

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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 […]

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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 […]

What's On

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) […]

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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 […]

Immigration

The United States EB-5 Immigrant Investor program reached its sunset date on June 30, 2021. The national immigrant investor program that has been a pivotal tool for the U.S. economy and labour market has failed to be reauthorized by Congress. This means that as of 1 July, 2021, the United States Citizenship and Immigration Services (USCIS) cannot accept new investor petitions into the EB-5 Regional Center Program. […]

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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 […]

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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 […]

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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 […]

Business

Nowadays, many businesses are looking to expand their business not just to other locations within their own countries, but also abroad to the international markets. The internet has made it much easier for us to be able to trade with people regardless of where they are located around the world. If you wish to expand your business to reach these markets, here are some of the considerations […]

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By Arabian Post Staff DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all three regions delivered growth, especially our terminals in India […]

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Arabian Post Staff SHUAA Capital has led a USD 50 million structured Sukuk for Pure Harvest Smart Farms, the world-leading, sustainable technology-enabled agribusiness based in the UAE. SHUAA also co-invested in Pure Harvest through its managed funds as part of this funding round. SHUAA originated, structured and placed the innovative financing solution, which comprises a USD 50 million 3-year sukuk with embedded warrants. Simultaneously, Pure Harvest has […]

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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 […]

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Biz Tech

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 […]

What's On

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 […]

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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 […]

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Biz Tech

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 […]

Expo2020

Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]

Expo2020

Share Tweet Share Share Email The five-year collaborative project will be developed and adjusted to accommodate the UAE’s desert environment Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership agreement with Israeli company, Watergen to create a renewable source of water for human and agricultural consumption. Under the terms of the agreement, the two sides have agreed to establish a permanent centre in Abu Dhabi […]

Expo2020

DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]

Expo2020

DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]

Expo2020

Share Tweet Share Share Email The five-year collaborative project will be developed and adjusted to accommodate the UAE’s desert environment Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership agreement with Israeli company, Watergen to create a renewable source of water for human and agricultural consumption. Under the terms of the agreement, the two sides have agreed to establish a permanent centre in Abu Dhabi […]

Expo2020

Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]

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