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 […]
By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2 billion (US$320 million), despite a 2 percent decline in group revenues to Dh53.3 billion (US$14.5 billion) for the first six months of 2019-2020 financial year, starting April 1, 2019, compared to Dh54.4 billion (US$14.8 billion), during the same period last year, due to unfavourable […]
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 […]
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 […]
By Hassan Ali Mansoor A noticeable trend around the world these days are media reports that paint a gloomy picture of the global economy. A particular focus of economists has been global banks and financial institutions. These reports claim that some banks have invested in risky portfolios that expose their customers to unnecessary risks. The precarious financial condition of Deutsche Bank, Germany, is quoted as an example […]
Arabian Post Staff A UAE bid to become a globally recognized internet security watchdog, empowered to certify the safety of websites for Firefox users, has failed with the browser maker Mozilla rejecting the country’s bid. Websites seeking designation as safe by internet browsers have to be certified by an outside organization, which will confirm their identity and vouch for their security. Mozilla said it made the decision […]
(Source: https://pixabay.com/photos/brushing-teeth-tooth-health-dentist-787630/) Most people tend to forget about their oral hygiene when fasting because they think that nothing can affect their dental health during the fast. However, taking care of your teeth during Ramadan will help to avoid bad breath and dry mouth. When it comes to dental hygiene, UAE residents are urged to prioritize this because as saliva decreases Sulphur concentration increases. This can cause halitosis, […]
By Arabian Post Staff The return of Qatari and Saudi Arabian issuers to the market and high levels of liquidity in Indonesia as well as Turkey’s efforts to tap all available financing sources have boosted issuance of sukuk 17.6% in the first five months of 2019. Foreign currency issuances also increased 15.6% during the period, explained primarily by Turkey’s issuances but also issuances by Qatari banks and […]
/Arabian Post Staff/ Emirates Group, which operates Emirates Airline – the world’s largest international carrier – reported a 44 percent decline in profits to US$631 million (Dh2.3 billion) in 2018-19 financial year ending March 31, 2019, despite achieving a 7 percent growth in revenue to reach US$29.8 billion (Dh109.3 billion). In line with the overall profit, the Group declared a dividend of Dh500 million (US$136 million) to its shareholder, […]
|By Arabian Post Staff| The current global energy transition is driving an “inevitable geopolitical shift” and creating “unique opportunities not seen in generations,” according to a Winton Group-backed advanced energy investment firm. This analysis by Dr Erich Becker, Founder and Managing Partner of London-based energy investment firm, Exergy Capital, comes as momentum builds across the world on the seismic shift towards cleaner energy sources, and with oil […]
|By Arabian Post Staff| OYO Hotels & Homes signed an MoU with Saudi Arabia’s Public Investment Fund, which reiterates OYO’s commitment to the Kingdom and the business potential it sees in the market. OYO Hotels & Homes also confirmed the launch of its operations in Saudi Arabia. It is also noteworthy that OYO is one of the first Public Investment Fund and SoftBank Vision Fund backed company […]
|By James M. Dorsey| Continued, albeit slower-paced US and Turkish leaks potentially provide insight into far more than the circumstances of the October killing of Saudi journalist and Washington Post columnist Jamal Khashoggi. They focus attention on crown prince Mohammed bin Salman’s strategic thinking as well as his tightened control of the kingdom’s media. In the latest disclosure, The New York Times, quoting anonymous US intelligence sources, reported […]
|By Arabian Post Staff| The Abu Dhabi National Oil Company (ADNOC) announced, awarding of an onshore block – known as Onshore Block 3 – to US based international oil and gas exploration and production company Occidental Petroleum. Onshore Block 3 covers an area of 5,782 km2 located in the Al Dhafra region. Existing 3D seismic data already covers a large part of the Block which, combined with its proximity to […]
|By S. K. Basu| Since time immemorial Afghanistan has been a flashpoint of human history in Asia. From the days of the reign of the erstwhile Persian Empire till the time of invasion by Alexander, Afghanistan has continued to see bloody battles that stretched into the Colonial Era and the period the Great Games between British and Russian Empires, World Wars, the infamous Russian occupation to the […]
|By Arabian Post Staff| The Port Fund called on the general manager of the Kuwait Port Authority (KPA), Sheik Yousef Al-Abdullah, to correct misstatements he made in a CNBC Arabia interview aired on Tuesday, January 8, 2019 regarding The Port Fund and its efforts to distribute $496 million to its investors and stakeholders. The general manager made inaccurate statements that conflict with the official position of the […]
By James M. Dorsey Traditionally focussed on ultra-conservative Sunni Muslim Islam, Saudi funding in the era of crown prince Mohammed bin Salman has been streamlined and finetuned to ensure that it serves his geopolitical ambitions, primarily stymying the expansion of Iranian influence in the Middle East and North Africa and enhancing the kingdom’s global impact. The effort, however, has so far produced a mixed bag. Spending is […]
|By Arabian Post Staff| Dubai Land Department (DLD) recorded an unprecedented growth in the last ten days of 2018, Sultan Butti bin Mejren, Director General of DLD, announced. The-transaction volume during the last ten days of 2018 was worth over AED 19 billion through 2,081 transactions. .Bin Mejren added: “This activity affirms the attractiveness of Dubai’s real estate sector, specifically the demand from buyers and investors who are […]
|By Arabian Post Staff| The CEOs Advisory Council of the UAE Banks Federation (UBF) reviewed the adoption of Blockchain to enhance know your customer (KYC) processes at banks. Other key topics on the agenda included Emiratization, and digital transformation. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, said: “As part of our efforts aimed at creating and sustaining a thriving banking ecosystem, we have undertaken a number […]
|By James M. Dorsey| A series of Gulf and Middle East-related developments suggest that resolving some of the Middle East’s most debilitating and devastating crises while ensuring that efforts to pressure Iran do not perpetuate the mayhem may be easier said than done. They also suggest that the same is true for keeping US and Saudi interests aligned. Optimists garner hope from the fact that the US Senate may […]
|By Raj Samani |As 2018 draws to a close, we should perhaps be grateful that the year has not been entirely dominated by ransomware, although the rise of the GandCrab and SamSam variants show that the threat remains active. Our predictions for 2019 move away from simply providing an assessment on the rise or fall of a particular threat, and instead focus on current rumblings we see […]
James M. Dorsey The killing of journalist Jamal Khashoggi and potential Western sanctions against Saudi Arabia has sparked renewed debate about the value of the longstanding alliance between the United States and the kingdom. The debate is not limited to the US or the kingdom, both of which are assessing the reliability of the other even if that is a debate that is waged in Saudi Arabia behind […]
|By Arabian Post Staff| Barwa Bank and International Bank of Qatar (ibq) have announced that they have signed a final agreement regarding the merger of the two banks to create a leading Sharia compliant financial institution with a solid financial position and robust liquidity to support Qatar’s economic growth and finance development initiatives in line with Qatar National Vision 2030. According to this merger agreement, the two […]
|By Allan Leinwand| According to a recent research report from PwC, Artificial Intelligence (AI) is expected to account for approximately 13.6% of the United Arab Emirates’ GDP in 2030. However, AI is seen by many as being either a hero or a villain. On one hand, AI is currently driving nearly every CIO’s agenda because it intelligently automates work processes, making it possible to do things that have never been […]
By James M. Dorsey The failure of Western allies to rally around Canada in its dispute with Saudi Arabia risks luring the kingdom into a false belief that economic sanctions will shield it from, if not reverse mounting criticism of its human rights record and conduct of the war in Yemen. It also risks convincing Saudi Crown Prince Mohammed bin Salman that acting with impunity will not impinge on […]
