|By Arabian Post Staff| After a landmark ruling in Germany last week that social media accounts can be inherited by a person’s beneficiaries, DIFC has announced that those who register inheritance Wills with the authority can include such assets in their Wills. Lawyers and lawmakers around the globe have been grappling with the legal status of online assets, not just personal data on sites such as Facebook […]
|By Arabian Post Staff| Saudi enforcement courts revealed the recovery of more than 3.4 billion dollars (around 13 billion Saudi Riyals) after enforcing a number of foreign rulings. The rulings came from foreign arbitration committees and foreign courts from a number of countries around the world concerning individuals, companies and entities inside the Kingdom. The most recent one came from a Court in Virginia, forcing a Saudi tourism company to pay $3,758,000 (SAR […]
Minor International( MINT) announced that it has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at EUR 192 million, which together with its existing shareholding will increase MINT’s stake in NH Hotel Group to 8.6% on a fully diluted basis. NH Hotel Group is the sixth largest hotel chain in Europe and this investment offers important strategic benefits to MINT which, […]
| M A Hossain |United States has walked- out of the Iran deal that had been touted mainly by Barack Obama. Washington’s argument in this latest development is pretty clear. In their opinion, Iran though had stopped its nuclear development program, still was pursuing the ballistic missile development project. Meaning, Tehran did not abandon its nuclear ambition. Most importantly, Iran is seen as a potential threat to […]
By James M. Dorsey Saudi Crown Prince Mohammed bin Salman’s investment of $1 billion and option to pump a further $480 million into Richard Branson’s ventures in space, confirmed during the prince’s recent visit to the United States, was more than just another headline-grabbing move. By focusing on space sciences, long a field rejected by ultra-conservative Islamic scholars, some of whom insist that the earth is flat, Prince […]
By James M. Dorsey When Miguel Torres, scion of an iconic Spanish winemaking dynasty, described the impact of the Catalan quest for independence on his more than a century-old business in a letter to wine writer Andrew Jefford, little did he realize that he had put his finger on one of the current world’s most fundamental battles: nationalism and populism vs. inclusive multi-culturalism. It is a struggle that is tearing […]
|By Anand Vardhan|Shaikha Hind Al Qassimi, member of the royal family of Sharjah, is a multifaceted personality with an enviable record as a painter, publisher and fashion designer. She has set up a number of businesses that reflect her interests, among them a fashion house that showcases exquisitely designed abayas, which combine luxurious functionality and style. Her signature brand, ‘House Of Hend’ retails in several countries in […]
By James M. Dorsey Saudi Arabia, in an indication that it is serious about shaving off the sharp edges of its Sunni Muslim ultra-conservatism, has agreed to surrender control of the Great Mosque in Brussels. The decision follows mounting Belgian criticism of alleged intolerance and supremacism that was being propagated by the mosque’s Saudi administrators as well as social reforms in the kingdom introduced by Crown Prince Mohammed bin Salman, including […]
|By Arabian Post Staff| Flight bookings for travel to the Middle East and Africa grew by 10.5 percent in 2017 and growth is set to continue in the first quarter of 2018, as bookings are currently 11.2 percent ahead of where they were at this time last year according to ForwardKeys, the company that helps forecast future travel by analysing around 17 million flight booking transactions a […]
The European Investment Bank (EIB) and Arab Bank have signed a financing agreement of €300 million to support small and medium-sized enterprises in Jordan, Egypt, Lebanon, Morocco and the Palestinian territories. The operation comes under the EIB’s Economic Resilience Initiative (ERI), aimed at enhancing the prospects for more resilient and inclusive growth in the region, as well as creating sustainable employment opportunities. It also represents the first […]
|By Matein Khalid| US and global equities surged on news of the US House of Representatives pass the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week of carnage in the US high yield debt markets, flattening of the US Treasury yield curve and losses in the major stock market indices worldwide. […]
The IMF recently upgraded the global growth outlook for 2018, and the oil price is trading at its highest levels since 2015. These are both positive developments for the UAE economy, which is expected to see an uptick in growth in 2018. But will this be the beginning of a sustained period of growth, or will it just be a rebound from the recent slump in growth? […]
PARIS France said on Thursday it was reviewing its position on the Libyan conflict and for the first time openly called for a united national army that included eastern militia commander Khalifa Haftar to battle Islamist militants. In the previous government, the Foreign Ministry openly supported the U.N.-backed Libyan government of Prime Minister Fayez Seraj, while the Defence Ministry worked closely with Haftar, who has waged a […]
Interested in precious metals investing or storage? Contact us HERE Posted with permission and written by John Rubino CLICK HERE FOR ORIGINAL) By now everyone with an Internet connection is aware of the “ransomware” attack that shut down hundreds of thousands of computers over the weekend. The fact that the onslaught is just beginning — as the military-grade hacking tools developed by […]
The Trump administration is considering extending a ban on laptops in aircraft cabins to all flights to the US from anywhere in the world, in a move that would create major disruption for passengers and airlines. US homeland security officials who met European commissioners in Brussels this week said that if Washington does extend its ban on large electronic devices, Europe would not be singled out and […]
By Jamie McGeever | LONDON LONDON The turmoil in Washington surrounding Donald Trump’s presidency is rattling world markets, and the burst of volatility could force investors into a strategic or tactical rethink of how much risk they are happy to face. Increasingly damaging revelations about the Trump administration’s and election team’s dealings with Russia triggered the biggest fall on Wall Street on Wednesday since last September and […]
A festival, unlike, say, a concert or exhibition, is a contained, utopian world, with a focus on a set of circumscribed pursuits. Like a highbrow summer camp for adults, festivals offer a jot of escapism, a chance to turn our attention away from some of the weightier issues of the past year. What makes them stand apart from other events is the joy of sharing the same […]
Fears over the scale of crisis that Donald Trump’s presidency faces hung over markets on Thursday, with European stocks weaker and those in the US expected to open lower following their worst one-day drop since September. The Stoxx Europe 600, the region’s benchmark, was down 0.8 per cent in mid-session trade while futures suggest the S&P 500 will slip by 3 points to 2.354 when Wall Street […]
HALIFAX, England British Prime Minister Theresa May said on Thursday that the days of Britain making vast annual contributions to the European Union will end, but there may be some specific EU programmes in which Britain would want to participate after Brexit. In a list of policy pledges ahead of a June 8 election, May said it might be necessary for Britain to make a contribution for […]
Thursday 10:45 BST What you need to know ● Europe and Asia bourses soft after Wall Street sell-off● Futures signal more losses for Wall Street● Dollar finds its footing but pound jumps above $1.30● Yen, gold and Treasuries firm as traders again seek havens ● Brent crude slips back towards $52 a barrel——————- Hot topic US equity futures are weaker while haven assets are again in demand, […]
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 […]
By Robin Emmott | BRUSSELS BRUSSELS France and Germany are resisting a plan by U.S. officials for NATO to take a bigger role in the fight against Islamic State in Syria and Iraq, in line with calls from President Donald Trump for the alliance to do more to combat terrorism. Many alliance members hope the plan will be announced in Brussels next Thursday, when Trump attends his […]
SEOUL U.S. President Donald Trump told South Korea’s presidential envoy that Washington was willing to try to resolve the North Korean nuclear crisis through engagement, but under the right conditions, South Korea’s foreign ministry said on Thursday. Trump has said “a major, major conflict” with North Korea is possible and all options are on the table but that he wanted to resolve the crisis diplomatically, possibly through […]
Havana gets its first major luxury hotel The Gran Hotel Manzana Kempinski La Habana, Havana’s first international luxury hotel, is open for bookings from June 1. The 246-room property was originally built between 1894 and 1917 as the city’s first European-style shopping arcade, Manzana de Gómez. Rooms have high ceilings and French doors, and there’s a rooftop pool, three restaurants, a cigar lounge, fitness centre and spa. […]
