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Sun World Ba Den Mountain marks Vietnam Culture Day, welcoming Cambodian visitors over Bon Om Touk // Nvidia appoints Colette Kress interim chief after Huang departure // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Messi affair SIT finds all-round violations // Microsoft apologises as Outlook services recover after outage // US resumes flights after nationwide air traffic shutdown // Rooftop solar planning gaps behind power shortages // The Honey Trap Is The Headline, The Chip Pipeline Is The Story // TORRAS Launches Two New iPhone Duo Cases from Its Popular Ostand Series, Addressing Foldable Phone Users’ Concerns About Difficult Stand Positioning and Scratches // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // Hackers falsify NVIDIA GPU readings to mask cryptomining // China Reconciled To U.S. Curbs On Chips Exports, Woos South Korea For Supply // Inpex reaffirms Gulf oil strategy despite shipping constraints // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // IEA forecasts fourth-quarter oil surplus as Gulf shipments rebound // Fujairah highway pile-up leaves 14 dead and 30 injured // Salik posts Dhs1.045bn profit despite lower toll traffic // Lego restores BrickLink marketplace after security investigation // US authorities dismantle North Korean cryptocurrency deception infrastructure //

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By James M. Dorsey A Turkish-US business council is projecting Turkey as a trading alternative to China with the help of influential US Republican Senator Lindsey Graham, a close associate of President Donald J. Trump. The Turkish effort comes two weeks after President Recep Tayyip Erdogan heralded a new era in long-strained relations with Washington. Mr. Graham’s agreement to participate in a webinar organized by the Turkey American Business […]

At 13, teens are less demanding on content they post online. We turned to a practicing psychologist and psychotherapist Irina Pavlovskaya to better understand the nature of this phenomenon: “13 years is the age of the formation of the Self-Concept.” It seems to the teenager that others constantly observe and evaluate him, and therefore he want to attract more attention, having established themselves, even through shocking, riot, […]

SINGAPORE – Media OutReach – 23 June 2020 – Union Bank of the Philippines (UnionBank) recently rolled out more cash-out options for customers via 11,000 remittance counters across the Philippines, including in rural areas where most of the unbanked and underserved population are located. This makes UnionBank the first Philippine bank to launch the largest cash-out network in the country — a crucial step seen to significantly improve access to […]

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 […]

Asia Young Designer Awards (AYDA) gear up for another year to empower young, budding designers of Asia Pacific   SINGAPORE – Media OutReach – 19 June 2020 – Organised by Nippon Paint, the Asia Young Designer Awards (AYDA), will see its 13th year of empowering young, budding designers to be agents of change by creating a positive impact, through design, within their communities. Held annually, student participants go through […]

By James M. Dorsey Europe is progressively being sucked into the Middle East and North Africa’s myriad conflicts. As if wars on its doorstep in Libya and Syria were not enough, UAE support for an Eastern Mediterranean pipeline that could hurt Qatar economically — combined with Greek, Cypriot and French opposition to Turkish moves — leaves Europe with few, if any, options but to get involved. Europe’s […]

HO CHI MINH CITY, VIETNAM – Media OutReach – June 12, 2020 – On May 18th, the European Commission ratified Belgium’s proposal to reduce the ASF-infected zone in the province of Luxemburg. This zone, in which African Swine Fever was detected only in wild boar, was successfully installed by Belgian authorities to prevent the contamination of domestic pigs. “The reduction of the zone is a positive signal towards countries that have suspended […]

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by James M. Dorsey The Middle East is at a crossroads. The coronavirus pandemic and its economic fallout confronts regional leaders with a stark choice: dial down tensions to open the door toward cooperation in tackling existential challenges or risk ever more aggravated political and economic threats enhanced by a potential wave of social protest. A second wave of the coronavirus pandemic is raising its ugly head. […]

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, […]

Atradius’ Payment Practices Barometer highlights the importance of risk management to Asian businesses   HONG KONG, CHINA – Media OutReach – 10 June 2020 – Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the disruptive impact of COVID-19, according to Atradius‘ latest Payment Practices Barometer survey. With an […]

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 […]

Pure Living masks received ASTM Level 1 certification   HONG KONG, CHINA – Media OutReach – 8 June 2020 – Pure Living, a Hong Kong-based chemical engineering company, has launched one-stop melt-blown fabric solutions designed by local experts for Hong Kong. The solution offers melt-blown fabric manufacturing machines, innovative techniques and processes for mask production. This is an important milestone for mask manufacturing in Hong Kong, offering a steady supply […]

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), […]

By Christian Schuhmacher In line with the Dubai Health Authority’s (DHA) efforts to combat the spread of COVID-19, most elective and non-emergency surgical procedures were postponed. The main purpose for this postponement was to facilitate efficient utilization of healthcare resources and allow for prompt healthcare access for COVID-19 patients. A second reason is the lack of blood donation and hence the need to preserve the available blood […]

By James M. Dorsey A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war. More immediately, the decision averts a significant deterioration in relations between the United States and […]

The issue of gambling has reared its head more than once in Dubai in recent years, as the city looks to lure more and more sports and entertainment events. With big-name sports contests come big-name gambling sponsors, and with that comes a problem. Gambling remains illegal in Dubai just as it remains illegal in every other part of the United Arab Emirates and – despite some suggestions […]

Arabian Post Staff While the new low oil prices will test Saudi fiscal balances, they have the lowest cost barrels and with low debt can pull on sovereign reserves and take the pain, according to Chris Midgley, head of global analytics, S&P Global Platts. Crude fell sharply on Friday to test $45/bbl on the back of the failed talks and we now expect if to fall sharply as […]

Airlines in Asia-Pacific and Europe suffered sharp declines in year-on-year growth in total air cargo volumes in January 2020, while North American and Middle East carriers experienced a more moderate decline. Latin America and Africa were the only regions to record growth in air freight demand compared to January 2019. Asia-Pacific airlines saw demand for air cargo contract by 5.9% in January 2020, compared to the year-earlier period. This […]

Arabian Post Staff  Ducab is consolidating its metal operations into a new subsidiary -DMB, a dedicated business unit within the Ducab Group of companies supplying “Made in UAE” copper and aluminium solutions. Ducab Aluminium Company (DAC) and Ducab Copper Rod Plant, which have over 160 employees between them, are included under the DMB umbrella. Today, DMB exports 75% of its production to more than 35 countries in the wider Middle East, Africa, […]

By Matein Khalid The US dollar is the traditional safe haven currency during times of geopolitical or financial stress even when the cause of a risk aversion spasm is ultimately American, such as the failure of Lehman Brothers in 2008, Obama’s epic budget battles with the Republicans in 2011 and the Trump White House’s drone hit on Iran’s most revered Revolutionary Guard commander on 3 January 2020. […]

Arabian Post Staff PepsiCo, the global food and beverage company, announced the renewal of its 25-year partnership with Americana Group, one of MENA’s largest restaurant operators and food manufacturers. The renewal will see PepsiCo continuing its diverse and much-loved product offering to consumers across the region through Americana’s most loved restaurant brands. As the food and beverage landscape in the region continues to evolve, consumers are turning […]

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 James M. Dorsey A podcast version of this story is available on Soundcloud, Itunes, Spotify, Stitcher, TuneIn, Spreaker, Pocket Casts, Tumblr, Podbean, Audecibel, Patreon and Castbox. Saudi Arabia may have been getting more than it bargained for when authorities in Khujand, Tajikistan’s second largest city, ordered that the city’s largest and most popular mosque be converted into a cinema. The order followed the closure of some 2,000 mosques in the country in the last three years and the arrest last month […]

By Arabian Post Staff Already struggling to grapple with a crisis of unprecedented proportions, the coronavirus outbreak is the last thing that Dubai and the UAE would have liked to see happen. Moody’s noted in one of its latest reports that the timing of the outbreak is particularly bad for the hospitality industry because it is has unfolded as the Lunar New Year gets underway. The holiday […]

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Just in:
Microsoft apologises as Outlook services recover after outage // US authorities dismantle North Korean cryptocurrency deception infrastructure // 11 Boutique Xinjiang Wineries to Debut in Singapore // China Reconciled To U.S. Curbs On Chips Exports, Woos South Korea For Supply // US resumes flights after nationwide air traffic shutdown // IEA forecasts fourth-quarter oil surplus as Gulf shipments rebound // October Food Price Shock Has Far Reaching Consequences // Inpex reaffirms Gulf oil strategy despite shipping constraints // Salik posts Dhs1.045bn profit despite lower toll traffic // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // Woman found dead as bank moves to repossess home // Nvidia appoints Colette Kress interim chief after Huang departure // Microsoft outage leaves Outlook and Teams users disconnected // Crescent Enterprises venture arm funds Oyster Therapeutics development // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // The Honey Trap Is The Headline, The Chip Pipeline Is The Story // OpenAI unveils ChatGPT Wallet for agent-led purchases // Lego restores BrickLink marketplace after security investigation // Sun World Ba Den Mountain marks Vietnam Culture Day, welcoming Cambodian visitors over Bon Om Touk // Fujairah highway pile-up leaves 14 dead and 30 injured //