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 Dubai Airshow 2021, set to be the biggest Airshow held in the UAE to date, will welcome members of the general public, families and children to witness the daily flying display from the purpose-built Skyview Grandstand, at Dubai World Central, Al Maktoum International Airport, the home of the Airshow, taking place from 14-18 November. The flying teams include Al Fursan, the United Arab Emirates […]
Mashreqbank PSC, Dubai’s third-biggest bank, will pay $100 million to settle allegations that it violated U.S. sanctions by illegally processing more than $4 billion of payments tied to Sudan, Bloomberg reported quoting a New York financial regulator. The oldest privately owned lender in the United Arab Emirates processed the transactions from 2005 to 2014 and instructed employees to leave out key details in messages sent between banks […]
Evorich community members celebrated the 7th anniversary of MLCI business and the company’s birthday at the large-scale business forum EVENTI 2021, which took place in October in Dubai. In addition to speeches, testimonials, awarding of leaders and training sessions, the event saw the launch of the new line of perfumes EvoScent created by the renowned perfumer Ramón Béjar specifically for Evorich. Ramón Béjar developed a limited collection […]
Dubai Land Department (DLD) and Jones Lang Salle (JLL) launched the first-ever ‘Dubai Commercial Property Price Index’ (CPPI) at Cityscape Global 2021. The index, which comes in pursuance to a memorandum of understanding (MoU) signed in 2020, was launched by Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, and Thierry Delvaux, CEO of JLL Middle East, Africa and Turkey. 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 […]
The American Legal Center, a thought leader in the immigration industry, has announced its next seminar in Dubai, where a team of US licensed lawyers will discuss upcoming changes to the EB-5 Immigrant Investor program and how investors can prepare themselves for the December rush. The seminar will be held on Saturday, October 30 at the Address Skyview in Downtown Dubai. The event will also provide insight […]
Matein Khalid I have been a consistent bear on the Turkish lira from the time President Erdogan, a political populist and former soccer player, decided that he was a better monetary economist than the four central bank governors in Ankara that he sacked in the past decade. I pleaded with my friends in Dubai/Pakistan not to bottom fish in the Turkish lira during the post coup meltdown […]
Many residents in the United Arab Emirates are interested in obtaining the United States Green Card for themselves and their family members to take advantage of the various benefits offered. For the past 30 years, the U.S. EB-5 Immigrant Investor Program has been popular amongst residents in the region given both the ease of applying and the low requirements relative to other immigration by investment programs, such […]
The Dubai Financial Services Authority (DFSA) has launched its regulatory framework for Investment Tokens. The framework reflects the proposed regulations outlined in Consultation Paper 138 issued in March 2021 and forms the first of two phases of the DFSA’s Digital Assets regime. The regulatory framework defines an Investment Token as either a Security Token or a Derivative Token. Essentially, these are: a Security or Derivative in the form […]
Most people mistakenly believe that they cannot wear contact lenses if they have astigmatism. But with advancements in optometry, there are already a lot of correction devices specific to this eye condition, including daily toric lenses for astigmatism. Astigmatism is an eye condition affecting how the cornea directs light to the retina. This refractive error happens because of an abnormal curve in the cornea, restricting your ability […]
SINGAPORE – Media OutReach – 21 October 2021 – MEXC Global has won the title of the best crypto exchange in Asia at the Crypto Expo Dubai 2021. The event featured some of the biggest brand names in the blockchain industry. MEXC was a proud gold partner for the event, which allowed top companies shaping the digital assets space to exhibit their various products and services. The expo offered a rare […]
Traveling is fun. You get to recharge, expose yourself to new things, and keep stress and anxiety at bay. It’s also a great way to make you physically healthier and creative. But where you’re staying during your trip and how you’re going to reach your destination can influence your overall travel experience. So to experience the perks of traveling, you need to book the best flight and […]
Arabian Post Staff Dubai-based Damac group has entered a partnership with Dataplex Group Limited, a data centre colocation, engineering and construction solutions company headquartered in Dublin, Ireland. The partnership will focus on brownfield projects involving retrofitting existing structures and larger greenfield projects, with specific focus on hyperscale and wholesale colocation customers. Damac has also invested in Dataplex, which will result in a shareholding of up to 45% […]
The transformative potential of multi-industry Blockchain technologies and fintech was in the spotlight as the 4th Future Blockchain Summit and inaugural edition of Fintech Surge got under way as part of GITEX Global, the world’s largest technology showcase of the year, at Dubai World Trade Centre. Dr Farzam Kamalabadi, president of the Future Trends Group and Executive Chairman of Hyper Optimum Organisation (HOO), a Blockchain assets service […]
Arabian Post Staff Africa is set to power the world’s digital transformation with its huge young talent base powering an offshore services export revolution with Egypt in pole position and Ghana set to lead on bridging the digital gender divide, day one GITEX GLOBAL Leaders Vision Summit in Dubai heard today. Speaking on the Africa focus opening day of the inaugural Leaders Vision summit, H.E Dr. Amr […]
The last two years have been a time of great changes, both in the lives of many people and in business. Owing to the pandemic-related restrictions, some companies suffered losses, while others, on the contrary, found new opportunities for growth and development amid the financial crisis. One may say that the years 2020 and 2021 were quite revealing in many ways. The international marketing company Evorich was […]
Arabian Post Staff The Dubai World Trade Centre Authority (DWTCA) today announced new regulations to encourage family businesses to establish Single and Multiple Family Office (SFO & MFO) licenses with the free zone. The regulations address the needs of family-run entities and introduce a new platform for wealthy families to set-up offshore holding companies within DWTCA’s designated free zone to manage their private family global wealth, assets […]
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 […]
Arabian Post Staff Co-hosted by NexChange Group, Evolution Group and EcoX Dubai, Gulf Blockchain Week 2021 takes place in JW Marriott Marquis Dubai. The week-long event continues from October 8 to October 15, 2021. The week’s core event, set for October 11-12, is the Gulf Blockchain Summit. Distributed ledgers, and blockchain technology, have already disrupted many industries, created decentralized economy opportunities while drastically improved quality for existing services for governments, corporations, private […]
Arabian Post Staff Etihad Rail, the developer and operator of the UAE National Rail Network, has announced signing a strategic partnership with Herrenknecht, one of the oldest and largest companies specialised in tunnelling solutions, to develop new tunnel design and construction technologies. The agreement, which took place on the sideline of Expo 2020 Dubai, was signed by Shadi Malak, Chief Executive Officer of Etihad Rail, and Martin […]
Asia’s First Alternative Financing Initiative Aims to Provide More Growth Opportunities for ESG-Focused SMEs Globally SINGAPORE – Media OutReach – 5 October 2021 – Global invoice financing marketplace, Incomlend, has partnered with European alternative asset manager, Fasanara Capital, to launch a global US$60 million alternative financing programme for Small and Medium Enterprises (SMEs) focused on Environment Social, and Governance (ESG). The new initiative, named Incomlend ESG Invoice Financing Programme, […]
TOKHIT and Welthee, two award-winning startups with disruptive blockchain-based visions, announced their plans to make their official Middle East debut from the United Arab Emirates, the two companies announced. TOKHIT, the first gamified social network that allows cost-effective and fast production of native NFTs, enables Digital Content Creators to produce various streams of Automated Income with the use of of NFT and Blockchain Technologies. Successfully launched in Switzerland in 2020, Welthee is a disruptive zero commission, variable […]
Arabian Post Staff During September, the Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects a growing appetite from market participants. Following […]
