| By K Raveendran| Dubai is at such an interesting juncture that it lends itself to analyst opinions that are mutually challenging. There are enough silver lines on the horizon for those who tend to approach issues with a sense of optimism. But for those who are inclined to look the other way, there is an uneasy déjà vu setting in. As the local stock market gets […]
|By K Raveendran| Indians across the world celebrated the elevation of Satya Nadella as the new CEO of Microsoft. Dubai, with its compulsive spirit of celebration, was no exception. The talking point at the week-end parties in Emirates Hills and Arabian Ranches was none other than the Hyderabad techie, who, by virtue of his new role at the most admired company in the world, becomes the latest […]
K Raveendran The formative years of my journalistic career coincided with the ‘super reign’ of legendary editor of Patriot, Edatata Narayanan. Edatata had a unique equation with Jawaharlal Nehru as prime minister: he was a bitter critic of Nehru and yet a true friend of his. That was quite unlike the present generation of politicians who consider their critics as their worst enemies. Edatata travelled ahead of […]
K Raveendran The merger of Nakheel and Meydan under Dubai Holding, which the Dubai Ruler and UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum announced on Saturday, marks a significant shift in Dubai’s economic landscape, but it’s just the latest chapter in a long history of transformation for both entities. Dubai Holding itself has undergone several structural changes since its inception. Originally focused on investments and […]
K Raveendran The Dubai International Financial Centre’s (DIFC) enactment of the world’s first comprehensive digital assets law this week marks a milestone, not just for the world of cryptocurrency and blockchain technology, but also for Dubai’s ambitions within the knowledge economy. This bold move positions Dubai as a frontrunner in regulating and facilitating the growth of this nascent asset class, potentially solidifying its position as a global […]
K Raveendran The UAE and Saudi Arabia, the Middle East’s two powerhouses, are engaged in a no-holds barred competition to claim the coveted title of the region’s business and financial capital. Until some time back, the UAE had virtual monopoly in this regard, with Dubai remaining unchallenged as a magnet for foreign investments. But things have changed of late as Saudi Arabia has embarked on a new […]
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K Raveendran A reported move by Abu Dhabi to launch an Initial Public Offering (IPO) for Etihad Airways has sent ripples through the Gulf’s aviation sector. This potential move, if realized, would mark a historic first for the region, potentially setting a precedent for other major airlines to follow. Firstly, an Etihad listing would be a significant step away from the traditional state-owned model prevalent in the […]
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K Raveendran Dubai has long been synonymous with audacious innovation and a relentless pursuit of growth. While oil has historically fueled the region’s prosperity, forward-thinking entities are increasingly turning to unconventional methods to diversify revenue streams. One such method gaining traction is the strategic use of naming rights. Dubai Metro serves as a prime example of this ingenuity. Faced with the need to supplement ticket sales, authorities […]
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K Raveendran The United Arab Emirates (UAE) is witnessing a significant demographic shift, with a growing influx of professionals replacing the previously dominant low-wage workforce. This trend is impacting various aspects of life in the UAE, most notably in the areas of housing, services, and the overall cost of living. Statistics paint a clear picture of this transformation. According to the World Bank, the UAE’s population in […]
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K Raveendran The recent decision by the Financial Action Task Force (FATF) to remove the United Arab Emirates (UAE) from its “grey list” of jurisdictions under increased monitoring has significant implications for the country, both domestically and internationally. The action sends a positive signal to investors, boosting economic confidence and potentially attracting more foreign direct investment (FDI). It will help solidify the UAE’s position as a responsible […]
K Raveendran A survey undertaken by Dubai Casinos, proclaiming itself to be the vanguard in the realm of casino guidance and expertise in the UAE, about the idea of legalising casinos in the emirate has revealed that 42.2 percent of the respondents opposed such a move. The main reason cited was the potential clash between Emirati culture and the gambling scene. But 28.8 percent were neutral and […]
K Raveendran While the Dubai real estate market is undoubtedly hot, experts are predicting a possible slowdown in 2024. This could lead to price moderation and selective buying are expected, although the scope for a significant market corrections is seen unlikely. Dubai’s real estate market has been on a tear in recent years, fuelled by a surge in foreign investment, strong economic growth, and government reforms. However, […]
K Raveendran In a landmark judgement, the US SEC has approved 11 Bitcoin spot ETFs paving the way for mass adoption of digital assets. Sending you herewith, reactions from industry stalwarts on its impact and future outlook. According to experts, it is expected that the US decision would prompt financial institutions in other regions to apply for similar businesses. In view of this, other financial centres such […]
K Raveendran GCC countries could become more vulnerable to the economic and financial impacts of physical risks from climate change over the next few decades if investments in adaptation and resilience stagnate, Standard & Poor’s said in a report. According to the report titled Sustainability Insights Research: Lost GDP: Potential Impacts Of Physical Climate Risks, on average, about 8% of the GCC region’s GDP could be at […]
K Raveendran UAE’s Al Habtoor group, which has made substantial investments in Lebanon, has urged the Lebanese government to compensate for the losses suffered by GCC companies due to the reckless actions of militias, putting the Lebanese state in futile conflicts that only bring destruction and instability to the country, its economy, and its people. The Lebanese state must confront the sources of threats and take preventive […]
K Raveendran The UAE will soon have a specialist court to deal with disputes relating to bankruptcies, which will emphasise the importance of amicable solutions, broadening the scope for debtors to seek agreements with creditors. The special court will be set up under the new bankruptcy legislation that is set to come into force on May 1, 2024, replacing the 2016 bankruptcy framework. The new law will […]
K Raveendran The green, social, sustainable, and sustainable-linked bonds (GSSSB) market–including sustainable sukuk–in the Middle East (GSSSB) is set to expand further, with the UAE and Saudi Arabia likely to remain the leaders, Standard & Poor’s said in a report. The report is timing with the high-profile COP28 meeting in Dubai, which has seen a number of pathbreaking decisions by nations. GSSSB issuance in the Middle East […]
K Raveendran The increasing engagement by Gulf countries with China is raising eyebrows in Washington, with reports suggesting indicating that Committee on Foreign Investment in the United States (CFIUS) is reviewing several multibillion-dollar deals entered into by Gulf sovereign wealth funds, particularly the UAE’s Mubadala and the Saudi Public Investment Fund. Bloomberg reported the other day that officials in President Joe Biden’s cabinet are currently reviewing more […]
K Raveendran As real estate prices continue to rise in Dubai, the risk of a cyclical reversal is mounting, rating agency Standard & Poor’s has said in a report. The agency, however, adds that the Dubai developers are well prepared for such a turn of events. S&P estimates that prices will increase 15%-18% in 2023 and by another 5%-7% in 2024 as the Dubai market gradually slows […]
K Raveendran The United Arab Emirates is among the few countries in the world to see the Rule of Law Index score increase this year. The UAE achievement is all the more remarkable as a majority of countries have seen rule of law being eroded this year. The UAE ranks 37th out of 142 countries worldwide and 36th out of 46 among the high income countries in […]
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K Raveendran Prime minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman Al Saud, who is on a state visit to India, co-chaired the first leaders’ meeting of the Strategic Partnership Council, a bilateral agreement between India and Saudi Arabia signed by the two nations in Riyadh in 2019. They assessed the progress of the two ministerial committees of the Strategic Partnership Council, namely the Political, […]
K Raveendran Xi Jinping’s loss is Joe Biden’s and Narendra Modi’s gain. The Chinese president’s absence at the Delhi G20 summit under the presidency of India was used by both to mount a serious challenge to Xi’s favourite Belt and Road initiative by creating a South Asia-Middle East-Europe economic corridor. Modi announced the summit decision to establish a comprehensive rail and shipping connectivity network linking US, India, […]
By Arun Srivastava There is a famous Sanskrit adage, “Ati Barjayet”; meaning excess is forbidden. But looking at the practices and politics of Narendra Modi it could safely be construed, though he claims to follow principles of Sanatan Dharma and Hindutva that it does not apply to him. Else instead of pursuing wisdom of political […]
The post Narendra Modi Govt Is Pursuing Its Opposition Mukt Bharat By Using Central Agencies first appeared on IPA Newspack.
Top child rights body National Commission for Protection of Child Rights has summoned education technology platform BYJU’s CEO over allegations that it is indulging in malpractices to lure parents and children to buy their courses. According to a media report, BYJU’s is facing a range of complaints on social media platforms and consumer websites with […]
The post Child rights body summons BYJU’s over malpractice charge first appeared on IPA Newspack.
By P. Sreekumaran THIRUVANANTHAPURAM: Kerala Governor Arif Mohammed Khan has escalated the standoff with the Left democratic Front (LDF) Government by raking up the gold smuggling case to spite Chief minister Pinarayi Vijayan. In an interaction with presspersons in New Delhi, Khan said he had not interfered in governance. “But now when I see all […]
The post Kerala Governor Escalates Faceoff With LDF Government first appeared on IPA Newspack.
By P. Sreekumaran THIRUVANANTHAPURAM: The Supreme Court verdict quashing the appointment of the APJ Abdul Kalam Technological University VC over violation of UGC norms should be reviewed, opined former Lok Sabha Secretary-General and constitutional expert PDT Achary. Achary said the judgment should be subjected to a review as the appointment of the KTU VC was […]
The post Legal Experts Want Review Of Supreme Court Verdict On Kerala VC first appeared on IPA Newspack.
By P. Sreekumaran Unfazed by fresh ‘revelations’ in the diplomatic channel gold smuggling case, the Pinarayi Vijayan-led Left Democratic Front (LDF) Government has demanded a probe into the conspiracy to discredit it. The Government’s demand has come following the ‘new’ allegations levelled by Swapna Suresh, an accused in the smuggling case. In her statement given […]
The post There Is A Calculated Conspiracy To Discredit Kerala Chief Minister first appeared on IPA Newspack.
K Raveendran Big financial institutions recognize the superiority of blockchain technology, but are intimidated by the prospects of bitcoin replacing them, so they will try to censor, control and manipulate it before ultimately they will be forced to accommodate it on public demand, says Grigory Rybalchenko, founder and CEO of Emirex, an exchange and a marketplace for digital assets and cryptocurrencies. Gregory will be among the top […]
