International Holding Company (IHC) has announced today the acquisition of a majority and controlling stake in Al Qudra Holding PJSC (AQH). The acquisition will enable IHC to broaden its portfolio in the real estate, services, and hospitality area. Al Qudra Holding has built out a large portfolio of customers since its founding in 2005, including Manarah Bay, a multi-usage project covering about 52,000 square metres, in Abu […]
By Dr. Nir Boms The new sounds of “tolerance, peace and prosperity” that come from the Gulf are often treated with suspicion – a cliche aimed at obfuscating the newfound autocratie in the region. However, while slogans might be cheap – actual changes made on the ground should be noted. The United Arab Emirates moral education curriculum reform is telling of the vision that the country’s leaders […]
Themed art experiences expected to open in 2023 will showcase the fan-favorite franchises in ways never seen, heard, or felt before SINGAPORE – Media OutReach – 16 December 2021 – Cityneon Holdings is thrilled to announce an exciting partnership with Warner Bros. Themed Entertainment to produce two brand-new, unique global touring themed art experiences inspired by DC and the Wizarding World, slated to launch in 2023. Audiences around the […]
Arabian Post Staff The four-and-a-half day working week is another twist in the UAE’s drive to attract business and investment in the Gulf Cooporation Council (GCC). according to a GlobalData analysis. It points out how the weekend switch is the latest in a string of measures that have enhanced the competitiveness of Abu Dhabi and Dubai as regional centers, as it puts them on the same working […]
Arabian Post Staff The GCC leaders affirmed today the importance of completing pillars of the GCC common economic, defence and security integration and unity and coordinating stances in order to enhance solidarity and stability among GCC member states, serve their interests, avert them regional and international conflicts, fulfill aspirations of their people and strengthen their regional and international role through unified political positions and new partnerships regionally […]
By James M Dorsey Increasingly, compliance with US sanctions against Iran could emerge as a litmus test of the United Arab Emirates’ close ties to the United States. At the sharp edge of a potential rift between the allies is a reportedly recently concluded agreement by a private UAE company to build gas-fired thermal, solar, and wind power plants with a total capacity of 300 megawatts in Iran’s hydrocarbon-rich […]
Arabian Post Staff Abu Dhabi has set its sights on Belgium, as a leading global pharmaceutical hub, to establish a global distribution corridor to serve the world in vaccine delivery and future life science needs. The collaboration builds on the capabilities of Abu Dhabi’s healthcare sector as a leading life sciences hub and the efforts of the HOPE Consortium in providing vaccine solutions for the world. This […]
Arabian Post Staff The United Arab Emirates announced today that it will transition to a four and a half day working week, with Friday afternoon, Saturday and Sunday forming the new weekend. The new working week will commence January 1, 2022, across the federation of seven emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain) that make up the UAE. Currently the working […]
Arabian Post Staff India’s Reliance Industries Limited (RIL) Tuesday said it will partner with Abu Dhabi Chemicals Derivatives Company RSC to launch TA’ZIZ EDC & PVC, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The joint venture will have an investment of more than $2 billion. This is Reliance’s first investment in the Middle East and North Africa (MENA) region, and it […]
Arabian Post Staff Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced today the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manufacturing complex in Ruwais, Abu Dhabi (“Borouge 4”). ADNOC and Borealis AG recently signed a strategic partnership that confirms a $6.2 billion (AED22 billion) investment agreement to build Borouge 4. The EPC award underscores Borouge’s […]
FIRE FIT announces opening of exciting new boutique fitness concept in Abu Dhabi ABU DHABI, UAE – Media OutReach – 28 November 2021 – Partners Walid Khoury and Ahmad Alhonjol today announced the completion of an agreement that will bring FIRE FIT’s new and exciting boutique fitness experience to the United Arab Emirates, which is sure to set the local fitness scene alight. Scheduled to open its doors […]
Arabian Post Staff The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, one of the region’s largest holding companies, is taking the next step in its business diversification strategy with the strategic assets transfer of tourism business unit from Etihad Airways to ADNEC Group. Etihad Holidays will be acquired by Abu Dhabi National Exhibition Company (ADNEC) to expand their footprint in tourism. Etihad Holidays will integrate with […]
By Matein Khalid Von Neumann’s Game Theory can model strategic behaviour in the global oil market, as once Admiral Yamamoto used it to model the Japanese attack on Pearl Harbour and the IDF used it to model Israel’s pre-emptive strike against Nasser’s Egypt in June 1967. So the US strategic reserves release signals the Biden White House’s displeasure with petro-inflation. Biden’s move was priced into the oil […]
Arabian Post Staff The Abu Dhabi National Oil Company (ADNOC) announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. The announcement was made at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) and follows the recent […]
The global increase in demand for immigration to countries with economic and political stability has made the United States EB-5 Immigrant Investor program more attractive to residents of the United Arab Emirates and neighboring Gulf Cooperation Council (GCC) countries. The EB-5 program affords families the opportunity to obtain U.S. residency and Green Cards with an investment of $500,000 in a new commercial enterprise in the United States […]
Emirates Islamic announced that it has successfully closed a US$ 500 million 5-year Sukuk issued from its US$ 2.5 billion Certificate Issuance Programme. The landmark issuance, rated A+ by Fitch, is listed on NASDAQ Dubai and Euronext Dublin’s Regulated Market. Investors showed strong appetite which resulted in an order book that peaked at $ 1.2 billion, which was 2.4 times the issuance size. This strong demand, from […]
Arabian Post Staff Etihad Rail, the developer and operator of the UAE National Rail Network, announced the completion of 50% of the construction works of the marine rail bridge in the UAE, as part of Package B of Stage Two of the UAE National Rail Network. The marine rail bridge extends over one kilometre, connecting Khalifa Port with the UAE National Rail Network. The bridge will play an important […]
Arabian Post Staff The Abu Dhabi Securities Exchange has introduced a derivatives market as the exchange rolls out initiatives to develop Abu Dhabi’s capital markets and bring its products and services in line with global peers. With the launch of single equity futures, the new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities. Trading in the […]
Arabian Post Staff Dubai Expo 2020 so far looks positive and will undoubtedly boost travel and hospitality within the UAE, thus proving a critical marker for recovery in its travel and tourism sector in terms of visitor numbers, PwC said in its latest Middle East Economy Watch, ‘Recovery accelerates in the GCC, despite inflation concerns’. The report said a combination of factors are contributing to recovery across the […]
Arabian Post Staff Malaffi, the region’s first Health Information Exchange (HIE) platform and a strategic initiative of the Department of Health – Abu Dhabi (DOH), announced that all public and private hospitals in the Emirate are now connected to the platform. This is an important milestone towards allowing healthcare providers to safely exchange important patient health information in real-time, creating a centralised database of unified patient records. […]
Arabian Post Staff Residential property values in the UAE’s two largest cities, Dubai and Abu Dhabi, have expanded at their fastest pace since 2015, according to provisional data for the third quarter from global property consultancy, Knight Frank. According to Faisal Durrani, Partner – Head of Middle East Research, the UAE’s decisive, rapid and world leading response to the pandemic has caught the attention of the world’s […]
Now the Longest Subsea Cable System in the World HONG KONG SAR – Media OutReach – 28 September 2021 – The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, announced today the addition of a new segment – the 2Africa PEARLS branch – extending to the Arabian Gulf, Pakistan and into India. This extension will bring the total […]
Arabian Post Staff The Abu Dhabi Emergency, Crisis and Disasters Committee for the Covid-19 Pandemic has approved home quarantine without the use of wristbands for international travellers and those in contact with positive cases, effective Sunday, 19 September 2021. Positive cases must still wear a wristband. The decision follows implementation of enhanced precautionary measures. The committee has approved continued strict adherence to home quarantine procedures and required […]
SINGAPORE – Media OutReach – 6 September 2021 – Apical Group, a leading agri-business processor of palm oil and member of the RGE group of companies, has secured a US$750 million sustainability-linked loan from a syndicate of lenders. This is a first for Apical, and among only a few known in the palm oil industry, where borrowing is tied to sustainability targets and performance. The loan, issued to Apical’s units […]
