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| Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, together with General Holding Corporation (SENAAT), one of the largest holding companies in industrial investment in the UAE, rang the market opening bell to celebrate the listing of the first tranche of SENAAT sukuk. Valued at $300 million (1.1 billion AED), it is the first of its kind dual listing between Abu Dhabi Securities […]
|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 […]
|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 Saifur Rahman, Executive Editor| The International Monetary Fund (IMF) finally recognised the Islamic banking principles by endorsing a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), according to a statement. This effectively means that the IMF now accepts Islamic financial principles to become a globally accepted system in parallel to the conventional interest-based economy. “The CPIFR will complement the international architecture for financial […]
By James M. Dorsey Bangladesh, in a twist of irony, is looking to Saudi Arabia to fund a $ 1 billion plan to build hundreds of mosques and religious centres to counter militant Islam that for much of the past decade traced its roots to ultra-conservative strands of the faith promoted by a multi-billion dollar Saudi campaign. The Bangladeshi plan constitutes the first effort by a Muslim country to enlist […]
Heart Disease – An infographic by GeriatricNursing.org Every year over 1.2 million people suffer from a heart attack due to coronary heart disease. The probability that a person may die from heart attack is 40 out of 100. According to the latest estimations, more than 335,000 of these heart attack patients are estimated to die even before reaching the hospital or the emergency ward. In the […]
|By Matein Khalid| Dubai based Gulf Islamic Investments (GII) acquired a one million square foot Amazon logistics center in Dortmund, Germany for $144 million. This deal is a testament to the boutique global merchant bank created in Dubai by GII’s co-founder/CEO Pankaj Gupta, who I am honored to call a friend. I consciously model my own firm Asas Capial on the strategic path laid out by GII and […]
|By Alaa Alghamdi| One of the most powerful ways in which individuals can understand the worldview of another culture is through art. Even if economics, politics, and lifestyles may divide different nations, art can provide a common, sympathetic connection and remind others that similarities between human beings are greater than differences. This is one of the underlying rationales for Desert to Delta, an exhibition of art and cinema […]
|By Matein Khalid|I am often asked by investors to articulate my “philosophy” of real estate investing. Tough question. My ideal deal is one where it is possible to buy brick and mortar assets at 60 – 70% of replacement cost. This usually occurs in the aftermath of a banking crisis or economic shock. This was the case in Florida homes in 2009 or Spanish office space in […]
|By Arabian Post Staff|Saudi Crown Prince Mohammed bin Salman put the kingdom somewhat in the ‘Dubai mode’ announcing the launch of an initiative backed by more than $500 billion investment to transformation of the kingdom into a leading global hub through the introduction of value chains of industry and technology. The plan, known as Neom, spires to make the country the “safest, most efficient, most future oriented, […]
|By Arabian Post Staff| Dubai’s Al Ghurair Properties has announed a series of new devlopment projects worth AED 5 billion, which is expected to add new impetus to the Dubai property sector. The plan envisages the construction of 58 distinctive residential projects of new age homes with high quality infrastructure, the company said in a statement. The statement cited real estate agency, JLL MENA, findings that as […]
|By Matein Khalid| Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor to cheers and the Dow Jones Index rise 150 points when news broke that Trump had fired his alt-right, white nationalist chief strategist […]
Acquisition Positions JumpStart for International Growth & Expansion of its Mobile Game Offerings for Consumers and Educational Institutions Worldwide TORRANCE, CALIF. (July 6, 2017) – NetDragon Websoft Holdings Limited (“NetDragon”; Hong Kong Stock Code: 777), a global leader in building internet communities, announced that it has acquired JumpStart, the leader in learning-based games for kids. A major player in the global online and mobile learning space, NetDragon […]
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 […]
Predictive analytics and machine learning are two technologies we’re hearing a lot about these days. But do they actually present real opportunities for business value? For Flexi-Van Leasing, one of the largest chassis providers in North America with 12 locations and a fleet of more than 130,000 units, the answer at this point is an emphatic “yes.” Cyberwar and the Future of Cybersecurity The company’s chassis units […]
It says their absence was due to a misunderstanding and hopes the matter can be resolved quickly. GEORGE TOWN: Penang PKR will apply to be exempted from restrictions in allocations for party reps who were absent from the governor’s swearing-in ceremony last month. Deputy Chief Minister I and PKR rep Mohd Rashid Hasnon said a letter had been sent to Chief Minister Lim Guan Eng expressing hope […]
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 […]
Google is opening its Instant App platform to all developers and embedding it into Android O–the latest version of the mobile operating systems. With the move, Google is likely to give business tech decisionmakers a bit more to think about. At Google I/O, execs outlined how developers can use Instant Apps to create mini applications that will improve interaction without downloading an app. Android O will have […]
The Office of the Australian Information Commissioner (OAIC) has been tasked by the Department of the Prime Minister and Cabinet (PM&C) to develop a new privacy code for the Australian Public Service (APS), one that Commissioner Timothy Pilgrim said is needed after a string of privacy issues. “While these have been the result of a range of circumstances, through my office’s subsequent involvement in them I have […]
Mirai DNS Water Torture attack payload, with target domain names redacted Mirai DNS Water Torture distributed denial of service (DDoS) attacks dominated the first quarter of 2017, a report from Akamai has found. According to Akamai’s State of the Internet/security Q1 2017 report, Water Torture attacks using this DNS query vector were first observed on January 11, 2017, targeting several of the company’s customers in the financial […]
We all know — or, well, we should all know — how to block malware attacks. You don’t install unknown applications. You don’t open dodgy email attachments. And you don’t download files from strange websites. But then, there’s WannaCrypt, aka WannaCry. It starts by infecting you the old-fashioned way, but once it makes it on your network, it uses an out-of-date version of Windows’ Server Message Block […]
David’s $329 workshop iPad in its UAG-provided Metropolis MIL STD 810G-516.6 case The 9.7-inch iPad Pro was released in March of 2016. The new, regular ol’ iPad was released one year later, in March 2017. The base price for the iPad Pro (I’ll only be talking about the 9.7-inch model in this article) is $599 with a mere 32GB storage. The new 2017 iPad is $329 for […]
