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Ousted top Kochi cop gets IG post // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Cloudflare unveils Zero Wire vulnerability intelligence service // Emirates Group records AED 4.1 billion half-year profit // Oil and chip shares retreat after Democratic victories // Dubai boat show confirms international shipyard line-up for November // Emaar approves Development buyout ahead of planned delisting // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Kochi police detain two actors over bid to honey trap doctor // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // TVM –Mangaluru Vande Bharat claims top spot // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Dubai details five-year visa benefits for returning visitors // Millions Of Indians May Soon Be Deprived Of Government Assistance // Hong Kong mandates crypto transaction disclosures to tax authorities // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Oil advances towards $100 as tanker attacks persist // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia //

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Expansion

SINGAPORE – Media OutReach – 17 June 2020 – In times of crisis, online businesses need to scale to survive. The most promising region in the world for business expansion is Asia. Which online industries are booming right now? How do you expand into a fragmented region with cultural differences and complex payment behaviour? The experts will discuss these, and other topics at the FREE Gate2Asia webinar on July 2. […]

JAKARTA, INDONESIA – Media OutReach – 16 June 2020 – Leading global logistics provider, GEODIS has announced the appointment of Tomy Sofhian as the Managing Director of Indonesia from May 2020.   Tomy reports to Rene Bach-Larsen, Sub-Regional Managing Director ASEAN, who commented: “Tomy Sofhian joins GEODIS with a wealth of experience in the supply chain industry and at a key time during our expansion of operations in Indonesia.  We continue […]

Presumptive Democratic nominee Joe Biden is enjoying a boon in the presidential race, soaring in national opinion polls to new heights and overtaking Donald Trump in political betting markets. A shifting political landscape that is proving to be a subject of great interest with the punditocracy and handicappers, keen to serve up predictions for what lies ahead for the ‘land of the free and the home of […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 June 2020 – Secondlifeasia, a game-changer in the Apple device repair and maintenance sector today announced it is geared to launch its first round of funding this year via PitchIN (Pitch Platforms Sdn Bhd) . Founded in February 2018, the company boasts exclusivity by being the only player that possesses an Apple diagnostic app to analyse 34 critical points on your […]

Arabian Post Staff Global solutions integrator AGC Networks announced that it will be acquiring Fujisoft (along with its associated companies in UAE) through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. The proposed acquisition is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development for the company in Abu Dhabi. The acquisition of Fujisoft will substantially increase and strengthen […]

Emirates Airline reported a 21 percent jump in profit to US$288 million (Dh1.1 billion) in 2019-2020 financial year ending March 31, 2020, compared to $245 million (Dh900 million) reported in 2018-19 financial year, despite the effects of Covid-19 that grounded its fleet in the 12th month of the reporting period. The airline reported strong profit growth despite a 6 percent decline in revenue to $25.1 billion (Dh92 billion), […]

The Value Added Tax (VAT) Recovery Self-Service Kiosks for Tourists will be set up at major shopping malls and hotels, in addition to the existing ones at air, land, and maritime entry and exit ports across the UAE,  the Federal Tax Authority (FTA) announced. The expansion aims to provide additional services to tourists, enhancing the UAE’s status as a leading destination on the international tourism map. Planet […]

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By Arabian Post Staff After two decades of successful operations in the GCC, UAE’s home-grown brand Nikai has commenced operations in Egypt by setting up facility for the production of television sets. The company believes that fast-growing economy with a high value-based consumer demand will help build on its existing market in Cairo. Nikai chairman Paras Shahdadpuri said the expansion marks a new era for the company. […]

There’s barely an area of entertainment or recreation that Dubai hasn’t either broken into or attempted to break into during the past few years, but this latest trend is one we never expected to see. When you hear the words ‘luxury cruise’, there are to areas of the planet that tend to spring to mind. The first is the Caribbean. The second is the Mediterranean. At a […]

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 Chairman of Dubai based DAMAC Properties, Hussain Sajwani, through his private investment company, Vision Investments, has bought the Italian fashion group Roberto Cavalli SpA. The acquisition of the Florentine brand was completed on November 28th. The UAE-based investment company emerged as the top bidder amongst various entities that were vying for the globally recognized fashion brand. Roberto Cavalli was previously controlled by the […]

Mirabaud, the banking and finance group founded in Geneva in 1819, in partnership with SBK Holding, has officially opened its Abu Dhabi office operations. The newly opened subsidiary, Mirabaud (Abu Dhabi) Ltd, will offer domestic and international wealth management advisory, business development, succession planning support as well as other investment services to its clientele in Abu Dhabi and wider UAE focusing on local families, their networks, and […]

By Arabian Post Staff Air Arabia, the Middle East and North Africa’s first and largest low cost carrier, has signed a firm order for 120 Airbus aircraft comprising 73 A320neos, 27 A321neos and 20 A321XLRs. The agreement was signed at the 2019 Dubai Airshow in the presence of Air Arabia’s Chairman Sheikh Abdullah Bin Mohammed Al Thani, Adel Ali, Chief Executive Officer Air Arabia and Guillaume Faury, […]

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 Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2 billion (US$320 million), despite a 2 percent decline in group revenues to Dh53.3 billion (US$14.5 billion) for the first six months of 2019-2020 financial year, starting April 1, 2019, compared to Dh54.4 billion (US$14.8 billion), during the same period last year, due to unfavourable […]

Ren Zhengfei, founder and CEO of Huawei recently met with a contingent of media from across the Middle East and North Africa (MENA) to share his thoughts on the region’s bold digital transformation efforts—and Huawei ‘s plans for supporting local partners to scale digital services to more people, homes, and organizations than ever before. The global executive acknowledged the Arab world’s long and profound history, particularly its […]

By Arabian Post Staff Bahrain’s Al Waha Fund of Funds has announced a substantial investment in Beijing-based MSA Capital – its first investment in a Chinese fund. MSA Capital, the most active Chinese fund in the Gulf, plans to use Bahrain as its “hub for regional expansion”. It will work closely with regulators, entrepreneurs and strategic corporate partners to connect growing companies in the region with capital and […]

Arabian Post Staff Saudi Arabia’s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on the global oil market could impact growth, the Kingdom’s central bank said. Saudi Arabia’s economy grew by 2.2 percent in 2018, driven by the oil sector, compared to a decline of 0.7 percent in 2017, the Saudi Arabian Monetary Authority (SAMA) said in a […]

/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|In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast. The US has for decades relied on large-scale imports to satisfy its thirst for oil, but this is about […]

The Middle East e-commerce market forever be changed with the region’s largest-ever acquisitions and new expansions. In particular, 2019 year has seen such big investments that will let the fastest growing eCommerce market of MEA to take a great turn. The business formation in MEA taking up diverse strategies by companies to establish business in unique places to compete strongly with the upcoming. MEA leave a great […]

|By Arabian Post Staff| Gulf Capital, one of the largest tive alternative asset managers in the Middle East, announced that it has successfully exited its investment in Amana Healthcare, the UAE provider of specialised continuum-of-care services including long-term care, medical rehabilitation and specialised home healthcare. Gulf Credit Partners fully realised an early exit from its investment in Amana Healthcare when a controlling stake in the business was […]

|By Arabian Post Staff| Abu Dhabi National Oil Company (ADNOC), Eni and OMV signed two new strategic equity partnerships covering both ADNOC Refining and a new trading joint venture, which will be jointly established by the three partners. In one of the largest ever refinery transactions, Eni and OMV will acquire 20% and 15% shares in ADNOC Refining respectively, with ADNOC owning the remaining 65%. The agreement […]

|By Arabian Post Staff| Global trade enabler DP World announced that it has entered into an agreement to acquire 71.3% stake in Puertos y Logistica S.A.  from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa is listed on the Santiago stock exchange, and the acquisition will be effected via a tender offer to acquire all outstanding shares of the business. Under the tender process DP […]

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Just in:
Emaar approves Development buyout ahead of planned delisting // Technology shares plunge as Nasdaq enters correction // Oil advances towards $100 as tanker attacks persist // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Private varsities bill all set to face the axe // UK air traffic outage inflicted £33m financial losses // Oil and chip shares retreat after Democratic victories // Cloudflare unveils Zero Wire vulnerability intelligence service // Millions Of Indians May Soon Be Deprived Of Government Assistance // Kochi police detain two actors over bid to honey trap doctor // Dubai boat show confirms international shipyard line-up for November // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Meraas showcases five residential zones at Dubai Design Week // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities //