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|By Arabian Post Staff| An estimated $100 billion has been involved in the systematic corruption and embezzlement |that plagued Saudi Arabia over several decades, Saud Al Mojeb, the kingdom’s Attorney General and member of the Supreme Anti-Corruption Committee, announced. The disclosure came in a statement on the status of the anti-corruption proceedings, which are moving forward There is strong evidence that confirms initial suspicions, which led Saudi […]

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|By Arabian Post Staff| Dubai has a new law law concerning the registration of Wills by non-Muslims in the Emirate of Dubai. The law was issued byy Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum. The new law will create legal certainty for the inheritance of a non-Muslim expatriate’s assets after death and the appointment of guardians for their children. This not only allows individuals to have testamentary freedom […]

Business

|By Arabian Post Staff| Pay levels for management accountants are performing well against the backdrop of low global inflation. The latest annual salary survey from the Association of International Certified Professional Accountants reveals average earnings for qualified Chartered Global Management Accountant designation-holders in the United Arab Emirates are AED 402,000, rising by an average of 8 per cent in the next 12 months. Pay prospects for CGMA […]

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|By Arabian Post Staff| A high-level meeting of the Arab Monetary Fund (AMF), International Monetary Fund (IMF) and the World Bank, in collaboration with the Financial Stability Board (FSB on the Withdrawal of Correspondent Banking Relationships (CBRs) in the Arab region has highlighted the importance of initiatives aimed at addressing compliance costs and profitability considerations to deal with the situation. These initiatives could cover areas such as […]

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|By Arabian Post Staff|The Central Bank of Bahrain (CBB ) announcement of new Shari’ah governance regulations applicable to wholesale and retail Islamic banks in Bahrain are a positive development, Moody’s said in a report. Effective June 2018, the new regulations will make Islamic banks subject to an Independent External Shari’ah Compliance Audit, to ensure that all Islamic banks activities are Shari’ah compliant. Additionally, all internal Shari’ah board […]

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|By Arabian Post Staff| The UAE Federal Tax Authority (FTA) announced that it will open online registration for tax purposes for businesses in mid-September 2017. The announcement was made at a media briefing by the FTA to familiarise with various aspects of the FTA’s work. The briefing also covered the implications of the tax procedures for boosting the momentum of the UAE’s sustainable economic development. Khalid Ali […]

Featured Blogs

This glimpse of the future was crafted by: Kate Yoxall When Nicolaus Copernicus proved in the 16th century that the earth actually revolved around the sun, he did more than inflict a breathtaking blow to the human ego. He threw a new paradigm into the atmosphere. Soon brows began to furl with questions around the way that society was configured; if the earth itself was not the centre of […]

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|By Arabian Post Staff|The London High Court has upheld the injunction granted to ICICI Bank UK against leading diamond merchant family of Mehtas, considered legends in the diamond trading business and pioneers in Indian industry’s inroads to Antwerp. This means that the well-known Mehta family of Belgium lost their bid in London’s High Court to unfreeze certain of their family members’ assets, as they continue to be […]

Columns, Investing

|By Matein Khalid| The financial markets finally cottoned on the increasingly sordid political realities created by the Trump White House. Trump could well be impeached for obstruction of justice if he tried to pressure FBI Director James Comey to drop an investigation on disgraced General Michael Flynn’s contacts with Russian intelligence before the election. The appointment of a special prosecutor to investigate the scandal means Washington is […]

Biz Tech

AMD has announced that it will be releasing several new Ryzen processors later this year. This year’s entries will include a series of laptop-focused chips, a high-end desktop chip called Threadripper, and a budget CPU that will be simply called Ryzen 3. Threadripper As of late, AMD has found some success by positioning itself as a more affordable alternative to the likes of Intel and Nvidia, but the Threadripper is […]

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Arts & Culture

Lubna Qassim is no career diplomat, but in her varied legal and political career, she has had the privilege of walking the corridors of power in London and Dubai. These days, as well as being executive vice president and group general counsel for Emirates NBD, Qassim is a member of several corporate boards. Qassim, the eldest of four daughters, credits her business acumen to the fact that […]

FT Select

The Trump administration is considering extending a ban on laptops in aircraft cabins to all flights to the US from anywhere in the world, in a move that would create major disruption for passengers and airlines. US homeland security officials who met European commissioners in Brussels this week said that if Washington does extend its ban on large electronic devices, Europe would not be singled out and […]

World

ATHENS Greek police fired teargas at anti-austerity protesters rallying outside parliament in Athens on Thursday, as lawmakers debated spending cuts demanded by the country’s international lenders in exchange for bailout funds. Protesters hurled petrol bombs and firecrackers at police guarding parliament. They responded with teargas. (Reporting by Lefteris Papadimas and Renee Maltezou) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var […]

India Takes

When The Washington Post broke the story this week that President Trump shared highly classified intelligence from a U.S. ally with Russia, not everything the reporters knew made it into print. Halfway through the story, this paragraph referring to the ISIS plot revealed by Trump appeared: “The Post is withholding most plot details, including the name of the city, at the urging of officials who warned that […]

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Middle East

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of the Shabab Al Ahli Dubai Club committee, on Wednesday meet with Mattar Al Tayer, Vice Chairman of Dubai Sports Council, along with members of the club merger committee. Wam Mohammed Al Bowardi, Minister of State for Defence Affairs, in China on Wednesday discussed with General […]

Newsbox

A recent poll put Mr. Raisi in second place in the race for the presidency, with 27 percent of the projected vote. The same poll, by the Iranian Students Polling Agency, projected that the incumbent president, Hassan Rouhani, will get around 42 percent, depending on the turnout on Friday. Continue reading the main story On Monday, though, the second-most-popular conservative in the race, Mohammad Bagher Ghalibaf, the […]

Investing

The citizens of Sweden are perhaps closer to completely giving up a component of their individual sovereignty than any other country on earth.  In a world where government’s abuse of power and intrusion into the personal lives of its blissfully ignorant enablers grows more disturbing by the day, at least for now, cash offers the one opportunity to transact in a truly anonymous way. That said, Swedes […]

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Biz Tech

The vast majority of measles cases occurring in the United States can be put down to Americans who have traveled abroad without being immunized against the disease. Although measles has been officially eradicated in the United States since 2000, sporadic outbreaks continue to happen because unvaccinated people visiting foreign countries contract the disease elsewhere and bring back the virus upon returning home. This puts their families and entire […]

Business

By Shinichi Saoshiro | TOKYO TOKYO Asian stocks fell on Thursday and the dollar was stuck near six-month lows against a basket of currencies as uncertainty mounted over U.S. President Donald Trump’s future following reports that he tried to interfere with a federal investigation. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent. Japan’s Nikkei shed 1.5 percent, Australian shares lost 1.2 percent and South […]

Biz Tech

Blizzard is preparing to celebrate the first anniversary of Overwatch through an upcoming event, a new edition of the game, and a weekend that will allow players to try it out for free. Overwatch, released on May 24, 2016, had an amazing first year. It quickly became one of the most popular multiplayer shooters in the world with its colorful characters and fast-paced gameplay, and continued to generate […]

Markets

This time, the day’s big Trump-Russia-Comey news waited until around 6:00 to break. Former FBI director Robert Mueller has been selected by the US Justice Department to serve as special counsel to oversee the investigation into alleged Russian interference in the 2016 US presidential election. Rod Rosenstein, the US deputy attorney general, said on Wednesday that he had determined it was in the “public interest” to appoint […]

Middle East

DUBAI // The lowest ranked schools will “wither on the vine” until they raise more money for the good of their pupils, educators say. Ten schools, catering for about 15,500 pupils, have been rated “weak” and altogether 94,000 attend schools that are acceptable or below, Dubai’s education regulator said this week. The bottom 10 can only raise fees by 2.4 per cent, about the level of inflation, […]

Politics

TEHRAN: Iran’s top two presidential candidates launched a final day of election campaigning Wednesday as the supreme leader called for a massive turnout to bolster the regime against its “enemies.”Ayatollah Ali Khamenei suggested Iran’s foes would be deterred from pursuing regime change if they saw voters flock to the ballot boxes in Friday’s poll.“American, European officials and those of the Zionist regime are watching our elections to […]

FT Select

Donald Trump is facing the gravest crisis of his presidency following the claim that he urged James Comey, the recently ousted FBI head, to halt an investigation into Michael Flynn, the retired general who was briefly his first national security adviser. According to a memo made by Mr Comey after a private meeting in February, Mr Trump asked him to stop investigating Mr Flynn, who had been […]

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Newsbox

Over the years, although the government has remained broadly authoritarian, it has oscillated among degrees of democracy. Those fluctuations, while subtle, have often coincided with elections like Friday’s. Photo Ayatollah Khomeini, the leader of the Iranian revolution, returning to Tehran in 1979 after his exile in France. Credit Gabriel Duval/Agence France-Presse — Getty Images Islamic Republic: Yes or No? After throwing off their government in 1979, Iranians […]

FT Select

Donald Trump in February asked James Comey, then head of the FBI, to halt an investigation into Michael Flynn, the former national security adviser, according to a memo that the law enforcement official wrote at the time.  During a private Oval Office meeting with Mr Comey, Mr Trump said: “I hope you can let this go,” in a reference to the FBI investigation into Mr Flynn, according to […]

FT Select

The first time China attempted to build a large passenger jet, it tried — and failed — to reverse-engineer a Boeing 707 that crash-landed in Xinjiang in 1971. The latest vehicle for China’s aviation dream, the Comac C919, has just completed its first test flight after Beijing decided to take a different path: buying parts from European and US aviation companies rather than stealing their technology. After […]

Newsbox

“It’s a huge burden on the American psyche to have a president go abroad when a sword of Damocles is hanging over them at home,” said Douglas Brinkley, a professor of history at Rice University and an expert on the presidency. “It turns our president, instead of representing the best of America on the road, into a traveling can of worms.” Continue reading the main story Mr. […]

Biz Tech

Thailand has backed down on threats it made last week to block Facebook in the country, having previously threatened to issue court orders if the social media giant did not remove content the government deems illegal. Takorn Tantasith, secretary general of Thailand’s broadcast regulator, said Facebook would not be blocked due to its compliance with demands to remove content it deemed a threat to national security or […]

World

Members for presentation of Dawn Leaks report Zahid Chaudhary Islamabad The National Assembly on Tuesday rejected the Panama Papers Inquiries Bill 2016 tabled by the opposition.Minister for Law Zahid Hamid strongly opposed the bill saying there is no need for such proceedings as the Supreme Court has already given its judgment on the matter.He maintained that the bill, framed by the opposition, is discriminatory in nature and […]

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