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The United Arab Emirates (UAE) has emerged as a significant investor in Bahrain, solidifying its position as the third-largest contributor to the island nation’s foreign direct investment (FDI) pool. According to recent figures released by the Bahrain Economic Development Board (EDB), the UAE currently accounts for 10% of Bahrain’s total FDI stock. This development comes amidst a banner year for Bahrain’s FDI landscape. The country witnessed a […]

Cryptocurrency exchange BitOasis is forging ahead with regional expansion plans after securing a key license in Bahrain. This comes just two months after Dubai authorities lifted a suspension on BitOasis’ operations. The Bahrain license, a Category 2 Crypto-Asset Services Licence issued by the Central Bank of Bahrain (CBB), paves the way for BitOasis to establish a local subsidiary, BitOasis Bahrain. This subsidiary will operate a new broker-dealer […]

Financial services giant Franklin Templeton announced the appointment of Hardeep Dogra to its Global Sukuk and MENA Fixed Income team, bolstering its expertise in Islamic finance. Dogra joins the team as a Portfolio Manager and Research Analyst, bringing his experience to a unit recognized as one of the largest globally focused on sukuk investments. Franklin Templeton has established a strong presence in the Middle East and North […]

DUBAI, June 21, 2024 – In a move signaling confidence in the company’s future, shareholders of Dubai conglomerate IHC overwhelmingly approved a Dh5 billion ($1. 36 billion) share buyback program on Wednesday. The program, first announced in May, is designed to return capital to investors and bolster IHC’s financial ratios. IHC intends to repurchase up to 3% of its outstanding shares at a price to be determined […]

Saudi Arabia and Switzerland solidified their economic partnership during the 4th Saudi-Swiss Financial Dialogue held in Zurich. The financial talks, which convened key financial authorities from both nations, aimed to foster collaboration on various financial sector initiatives. The dialogue served as a platform to discuss the current state of global and regional financial markets. Representatives from both countries exchanged views on sustainable finance, digitalization of capital markets, […]

HONG KONG SAR – Media OutReach Newswire – 20 June 2024 – Today, KGI Asia has released its 2024 Mid-Year Global Market Outlook, which covers regions including Mainland China, Hong Kong, Taiwan, the US, Singapore, and Indonesia. (From left to right) Kenny Wen, Head of Investment Strategy at KGI Asia, and James Chu, Chairman at KGI Investment Advisory While the world is fighting against inflation, the economic […]

Arabian Post Staff -Dubai The Abu Dhabi government has announced the listing of $5 billion worth of bonds on the Abu Dhabi Securities Exchange (ADX), a move designed to strengthen the emirate’s financial market and attract new investment. The bond issuance will be divided into three tranches, with the listing process commencing on June 21st. This initiative aligns with Abu Dhabi’s broader economic goals of diversification and […]

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The United Arab Emirates (UAE) is experiencing a surge in credit facilities available to its business and industrial sectors. According to recent data, the total value of credit facilities surpassed a staggering $206. 2 billion, marking a significant boost for the nation’s economic engine. This growth is attributed to a confluence of factors, including strategic government initiatives, increased bank lending, and a maturing financial sector. The UAE […]

Riding the crest of a surging meme coin trend, Sealana, a Solana-based cryptocurrency, is nearing the end of its pre-sale window, with supporters predicting a significant price increase upon launch. The pre-sale concludes in just five days, and according to several crypto news outlets, Sealana has already garnered significant interest, exceeding $3 million in raised capital. This fundraising milestone has fueled speculation of Sealana replicating the success […]

The winds of change swept through the cryptocurrency market today, bringing a surge in value across the board. Bitcoin, the undisputed heavyweight of the digital asset arena, experienced a significant rise, reclaiming the coveted $66, 000 mark. This uptick, at roughly 1. 5% over the last 24 hours, represents a positive shift in investor sentiment after a period of relative stagnation. The positive momentum wasn’t confined to […]

Saudi Arabia’s capital, Riyadh, is surging as a breeding ground for innovative startups, according to a recent report by Startup Genome, an international research organization. The report ranks Riyadh as the fourth most promising startup ecosystem in the Middle East and North Africa (MENA) region. This impressive achievement is just one facet of a broader trend – three Saudi Arabian cities secured spots on the prestigious list. […]

By Tirthankar Mitra The deaths of 10 persons in a collision between the Sealdah-bound Kanchenjunga Express and a goods train raises important questions about railway safety, accountability, policy priorities and more. Are we always learning by accident? This accident in West Bengal’s Darjeeling district has registered the highest death toll since the Balasore accident in […]

Nvidia, the pioneering chipmaker at the forefront of the artificial intelligence revolution, has ascended to the pinnacle of the tech world, surpassing longtime giants Microsoft and Apple to become the most valuable publicly traded company. This historic shift, fueled by a relentless stock surge, underscores the burgeoning importance of AI in shaping the future of technology. On June 18th, 2024, Nvidia’s market capitalization, a metric reflecting the […]

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, solidified his commitment to the emirate’s economic growth by attending the 2024 edition of the Dubai Majlis. This annual forum, co-hosted by the Dubai Department of Economy and Tourism (DET) and Dubai Chambers, serves as a platform for business leaders and government officials to strategize and collaborate […]

Etihad Airways, the UAE’s national carrier, has inaugurated a new route connecting Abu Dhabi to Jaipur, a significant cultural and commercial center in northwest India. The service, marked by a celebratory event at Jaipur International Airport today, offers four non-stop flights per week. This expansion strengthens Etihad’s presence in the Indian market, a sector experiencing a surge in outbound travel. The airline has increased its India capacity […]

A significant surge in foreign capital inflows into the equity markets of the Gulf Cooperation Council (GCC) has been observed, reaching a total of $616. 7 million. This influx of capital signifies a growing investor confidence in the region’s economic prospects and the potential of its stock markets. This development comes amidst a backdrop of rising global oil prices, which has bolstered the economies of the GCC […]

Major new global study by CSC finds uplift in market optimism 76% of global respondents believe market conditions will improve within five years, with the use of SPVs also set to grow Private debt professionals are the most optimistic regarding market conditions Greater deal complexity and a growing burden of regulation are impacting use of SPVs Outsourcing to SPV administrators set to grow, aided by more sophisticated […]

The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has entered into a strategic partnership with a leading Indian defense company, according to sources familiar with the deal. Specific details regarding the agreement, including the identity of the Indian company and the size of the stake acquired, remain undisclosed. However, industry analysts suggest the move signifies ADIA’s growing interest in the burgeoning […]

Online gambling is experiencing a boom, and it’s not just about the ease of playing from your couch. While convenience remains a major draw, a closer look reveals some surprising reasons why virtual casinos are capturing the interest of a wider demographic than ever before. One factor driving this growth is the gamification experience. Online platforms incorporate elements commonly found in video games, such as badges, leaderboards, […]

In a bold assertion that has sent ripples through the political landscape, Rahul Gandhi, senior Congress leader, has alleged serious discontent within the National Democratic Alliance (NDA), the ruling coalition led by Prime Minister Narendra Modi. Addressing a press conference earlier today, Gandhi made headlines with his accusations, hinting at potential rifts and dissatisfaction among […]

James M Dorsey Israeli military triumphs and exploits often produce battlefield victories that fail to garner political gains. The Gaza war has changed that paradigm. It has produced neither a military nor a political victory. Adding fuel to the fire, Israel has abandoned the notion that soft power is as important as hard power in the vein of scholar Joseph Nye, who recently cautioned that “ignoring or neglecting […]

The transition from online poker to the bustling atmosphere of a live game can be daunting. While the core principles remain the same, the human element adds a layer of complexity that requires adjustments in strategy. Mastering these nuances can be the key to unlocking success at the felt. One of the most significant differences lies in player tendencies. Live games often attract a wider range of […]

South Korean frontrunner in recycled carbon black, LD Carbon, has secured $28 million in a Series C funding round. The investment, led by Toyota’s growth arm Woven Capital, will propel LD Carbon’s mission of scaling up production of eco-friendly carbon black and pyrolysis oil derived from recycled tires and end-of-life vehicles. This significant funding round reflects growing recognition of LD Carbon’s innovative approach to a critical material […]

Noura Al Kaabi, Minister of Culture and Youth for the United Arab Emirates (UAE), participated in an official ceremony commemorating the 25th anniversary of Kosovo’s liberation day on behalf of Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. The ceremony, held in Pristina, Kosovo’s capital, brought together dignitaries and representatives from various nations to celebrate Kosovo’s independence from Serbia in 1999. Al Kaabi’s […]

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