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By Lucky La Riccia Digital technologies are transforming industries worldwide. With 5G being deployed across the region, service providers increasingly recognize the new business opportunities that digital transformation of the enterprise market will bring. However, to successfully address these opportunities and accelerate longer-term growth, they need to extend their focus from traditional revenue streams to center on digitalizing targeted industries. While leading service providers in the region […]

Repeated immunisation with PD01A is safe and well-tolerated over an extended time period Active immunisation with PD01A resulted in a substantial aSyn-specific antibody response and memory effect This antibody response was associated with a substantial reduction in CSF oligomeric aSyn protein Results represent long-term data from a first-in-human study series using specific active immunotherapy (SAIT) AFFITOPE® PD01A   VIENNA, AUSTRIA – EQS Newswire – June 22, 2020 […]

Arabian Post Staff  The United Arab Emirates moved up two points to 19th rank globally in the 2020 Kearney Foreign Direct Investment (FDI) Confidence Index, up from 21st place when it was last represented in the index in 2017. The country’s ranking reflects positive investor sentiment based on the government’s strong commitment to economic diversification, innovation, infrastructure and ease of doing business – among other factors. Positive government […]

Industry experts and customers to tackle post-pandemic supply chain structures, share best practices: June 23-24   SINGAPORE | Sydney, AUSTRALIA – Media OutReach – June 19, 2020 – Infor, a global leader in business cloud software specialized by industry, today announced the Infor APAC Supply Chain Virtual Summit 2020 will take place online June 23-24 with a central theme of how to run a next-generation supply chain.   The two half-day summit […]

By Hassan Ali Mansoor Like a raging bull, Covid-19 has swept through the world. Besides infecting millions of people and resulting in the killing of hundreds of thousands of people, it has also brought the global economy to a standstill and disrupted existing projections of capital markets and cash liquidity. Banks and financial institutions have been forced to review their existing policies and projections, governments around the […]

Arabian Post Staff AstraZeneca has launched its GCC Health Innovation Hub, a culmination of digital innovation efforts by the Company to make diagnosis and treatment easier for diabetic patients, in conjunction with UK medtech start-up Gendius, which specialises in remote disease management. As a result of this partnership, HealthGATE – an artificial intelligence (AI)-powered platform and app to support diabetic patient care in the GCC – will […]

By Matein Khalid Oscar Wilde once spoke of his friendship with Lord Alfred Douglas, the fabled Bosie, as “the love that dare not speak its name”, in Victorian London, when Sherlock Holmes and Jack the Ripper roamed amid the fog and the gaslights! The love that dare not speak its name in my life is, of course, my obsession with foreign exchange markets, a love that mesmerizes […]

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SINGAPORE – Media OutReach – 12 June 2020 – As digital transformation become the imperative for businesses in the face of the Covid-19 pandemic, 58% of employers in Singapore are training their workforce in technology-related skills to keep their businesses viable and resilient during this period. This is one of the key findings in the recent NTUC LearningHub’s Employer Skills Survey report. The survey, which was conducted during the […]

Development programme creates opportunities in a volatile economy   HONG KONG, CHINA – Media OutReach – 10 June 2020 – Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), has returned for its third edition. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in local and international activities to build connections, explore markets, […]

Arrow Open Lab to offer free engineering consultations to help develop 5G-ready and AI-powered edge devices   HONG KONG, CHINA – Media OutReach – 9 June 2020 – Global technology-solutions provider Arrow Electronics, Inc. today announced it will offer free consultations to local technology startups and the innovation community at its Arrow Open Lab located at Hong Kong Science Park.  The initiative is part of Arrow’s commitment to supporting technology enterprises, […]

Government policies on climate change and consumer demand could see the number of electric cars reach 100 million by start of next decade compared with seven million today. China is the world’s largest market for electric vehicles in total, accounting for around 45%, while a quarter (24%) are in Europe and 22% in the US. In Asia – China, Japan and India to drive future sales. New […]

By Matein Khalid Thankfully, I was not in the global markets during the Black Death, the Great Plague and the Spanish flu pandemic but coronavirus cases have now crossed 40,000 infections and this is way beyond a local Wuhan outbreak. Despite the blowout 225,000 US January non-farm payrolls growth data, I am alarmed by the global recession SOS in the capital markets metrics I track. One, the […]

By Matein Khalid NMC Health PLC, the UAE’s leading private operator of medical clinics and hospitals with a footprint in 17 countries was founded by Abu Dhabi based Indian-Udupi businessman B. R. Shetty and listed on the London Stock Exchange. NMC plunged a shocking 45% in five trading sessions after Carson Block of Muddy Waters Capital, one of the world’s preeminent short selling specialist hedge funds, accused […]

By Matein Khalid I had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, […]

By Arabian Post Staff A surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). The strong 4.3 per cent increase in volume growth compared to the same period last year was supported […]

By Arabian Post Staff The changing landscape of the US$360 trillion (Dh1,321 trillion) global wealth is now more than four times the global GDP of US$88 trillion. The wealth per adult reached a new record high of US$70,850, or 1.2% above the level of mid-2018 with Switzerland topping the biggest gains in wealth per adult this year, according to a latest report by Credit Suisse. Aggregate global […]

By Matein Khalid I literally laughed when I heard that Goldman Sachs put a valuation range of $1.6 to $2.3 trillion on the Saudi Aramco IPO. One, a valuation range of $700 million only means the Goldie analyst bankers (deal promoters?) are clueless about what Saudi Aramco is really worth. Two, I cannot fathom how the financial markets will assign a valuation of 17 to 23 times […]

By Diyari Salih On the first of October, Iraq witnessed enormous protests against the government and the political elite in this country. Later, the prime minister, Adel Abdul Mahdi, announced many reform packages. He also declared that a committee would be established to investigate the actions of violence executed against the protesters. No one believed in these governmental procedures. Thus, a new wave of protests engulfed Iraq’s […]

By Arabian Post Staff Dubai International Financial Centre (DIFC) has announced a 45 percent growth in the Islamic assets being managed in the Centre over the past one year. Islamic finance is growing at 1.5 times the rate of traditional finance, and the Middle East, Africa, South Asia region (MEASA )continues to be a steady driver of this industry, fuelled by a number of jumbo sukuk issuances […]

Whilst the forex market is renowned for its liquidity and volatility, it’s fair to say that some currencies offer a far greater degree of stability than others. Take the U.S. Dollar (USD), for example, which features as part of 84% of all currency trades and accounts for an estimated 38% of the world’s debt. The USD has also performed well of late, having strengthened to a 12-year […]

Hassan Ali Mansoor Although the world is faced with geo-political and geo-strategic challenges that are destabilizing markets and economies across the globe, to its credit, the U.A.E. banking sector continues its march towards growth.  One of the essential hedges or stabilizing pivots for the banking sector besides the across the sector positive reforms carried out by the UAE Central Bank are sukuks which are Islamic bonds. Put […]

By Matein Khalid George Soros once observed “the big money in emerging markets is made when things go from Godawful to just plain awful”. So true. The point of maximum pessimism in an emerging market is often an opportune moment to accumulate its shares, ideally after a political, economic or financial systemic shock. I sold my entire Pakistan equities portfolio in summer of 2017 after the Supreme […]

By Matein Khalid The S&P 500 index trades at 2990 as I write. The risk-reward calculus on the broad index no longer flashes a buy signal to me. The economic data around the world has deteriorated at an accelerating pace, as the decline in global PMI’s, 9% fall in German factory orders and $13 trillion in in government debt trading at negative interest rates attest. Commodities prices […]

By Saifur Rahman Dubai Islamic Bank (DIB), the UAE’s first and largest Islamic lender, said, is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group. The combined asset value is set to reach Dh275 billion post acquisition, it said. “The Board of Directors of Dubai Islamic Bank convened its meeting on 09/06/2019 and […]

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