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|By Arabian Post Staff| Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to collaborate on Distributed Ledger Technology (DLT) implementation in post trade operations, as well as capital market transactions. Today, securities processing, particularly in areas requiring multi-party contact and involving extremely cumbersome manual processes carry […]

|By Matein Khalid| When I first started on a Treasury bond futures trading desk in New York fresh out of Wharton, a senior mentor once advised to keep track of the four heartbeats of gold finance in real time. The price of money (interest rates), the price of currency (the US dollar), the price of oil and the price of gold.   The price of money can be […]

|By Matein Khalid| Dubai based Gulf Islamic Investments (GII) acquired a one million square foot Amazon logistics center in Dortmund, Germany for $144 million. This deal is a testament to the boutique global merchant bank created in Dubai by GII’s co-founder/CEO Pankaj Gupta, who I am honored to call a friend. I consciously model my own firm Asas Capial on the strategic path laid out by GII and […]

By Saifur Rahman Dubai Government expects its Dh376.8 billion (US$102.67 billion) economy to grow at 3.5 per cent in 2018, slightly lower than the UAE economic growth, pegged at 3.9 per cent, according to a news release issued by the Department of Economic Development (DED), the government’s trade licensing body. The country has just implemented a 5 per cent Value-Added Tax (VAT) from January 1, 2018, expects […]

|By Arabian Post Staff| Dubai rental yields have trended lower structurally since 2009, indicating that investors are willing to accept risk with lower risk premia. Of all the major cities analyzed, Dubai remains far above the highest yielding city, suggesting that there is ample room for further yield compression, according to property portal Reidin. In the first nine months of 2017, even though level of transactions are […]

|By Matein Khalid|The rise in Brent crude to $60 a barrel and the trade volume ballast generated by the world’s first post Lehman synchronized economic recovery is hugely positive for UAE economic growth in 2018. After all, the UAE is unique because Abu Dhabi’s 100 billion barrels of proven oil reserves is complemented by Dubai’s role as the Gulf’s financial, logistics, aviation, shopping and services hub. The […]

|By Arabian Post Staff| : The UAE once again captivated the world this New Year’s Eve with a dazzling spectacle to usher in 2018. Emaar’s ‘Light Up 2018’ Downtown Dubai celebration hosted more than a million visitors from across the world and reached an estimated 2.5 billion people worldwide through live television broadcast and social media live streams. The mesmerising laser, light and musical fountain show not only […]

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When you go out with a client or your boss for dinner, it’s not just the food that’s going to get scrutinised. The way you conduct yourself during a business dinner could leave a lasting impression on whoever you’re meeting, and you want to make sure that impression is a good one. In order to avoid any dining faux-pas, check out our top tips for business dinners. […]

|By Arabian Post Staff| Analysts fear that the GCC mobile phone market could see a slump in the wake of the 2018 VAT roll-out, as it happened in many countries, which saw a pre-VAT buildup of inventories, followed by a major slump in sales. Such concerns come at a time when the region’s mobile phone market is already in a state of flux, with IDC’s latest Quarterly Mobile […]

|By Arabian Post Staff| Oman surprised analysts and other members of GCC union, which have been preparing to roll out a new tax system from the first of new year, by announcing that it was postponing the implementation of VAT until 2019. According to the earlier schedule, the VAT implementation was to start on January 1, 2018.  The Ministry of Finance announced that the application of  selective tax […]

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 Arabian Post Staff| The UAE budget, which was passed by the Federal National Council on Tuesday, allocates Dh10.4 billion to general and higher education, totalling 20 per cent of the budget. Dh26.3 billion or 51 per cent of the overall budget is dedicated to social development programmes and ‎Dh4.2 billion or 8 per cent to the health sector. Some Dh22.1 billion or 43 per cent of the […]

|By Arabian Post Staff| After posting a 10 per cent year-on-year rise in MENA region profits in 2017, Saxo Bank, the online multi-asset trading and investment specialist, has consolidated its high-performing Dubai station as its regional hub of operations. The double-digit annual profit growth across the region, which has elevated MENA to the company’s third most profitable operation this year, had led Saxo’s Head of MENA, Mario Camara, […]

|By Arabian Post Staff| ADNOC Distribution, the retail and fuel-selling arm of Abu Dhabi’s state-owned oil company, will be valued at $8.5 billion — around the middle of a range of possible valuations — when trading opens on the Abu Dhabi Securities Exchange (ADX) next week. The sale of 10 percent of the unit in an initial public offering (IPO) was oversubscribed “multiple” times by institutional investors, and […]

|By Arabian Post Staff| Gold prices  were on track for their biggest weekly fall since May ahead of US employment data later that could influence the pace of US interest rate rises. The yellow metal broke below a recent trading range and tumbled through technical levels to its lowest since July as progress on US tax reform fuelled optimism about the US economy and boosted the dollar. […]

|By Alaa Alghamdi| One of the most powerful ways in which individuals can understand the worldview of another culture is through art. Even if economics, politics, and lifestyles may divide different nations, art can provide a common, sympathetic connection and remind others that similarities between human beings are greater than differences. This is one of the underlying rationales for Desert to Delta, an exhibition of art and cinema […]

|By Arabian Post Staff| All eyes are on the next GCC annual GCC summit to be held in Kuwait on December 5 and 6. This is the first annual summit after the rift with Qatar dogged the pan-Gulf alliance. Gulf officials said the summit will go ahead despite an ongoing dispute between GCC members Saudi Arabia, Bahrain and the UAE, on one side, and Qatar on the other. The […]

|By Matein Khalid|I am often asked by investors to articulate my “philosophy” of real estate investing. Tough question. My ideal deal is one where it is possible to buy brick and mortar assets at 60 – 70% of replacement cost. This usually occurs in the aftermath of a banking crisis or economic shock. This was the case in Florida homes in 2009 or Spanish office space in […]

|By Arabian Post Staff|ADNOC plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources, the company announced. ADNOC will spend over AED 400 billion over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects, the company announced. The Supreme Petroleum Council (SPC) approved ADNOC’s key strategic […]

|By Alia Al-Khater| The Middle East has a long history of coffee drinking traditions. Over the years, the traditions have been shifting towards more Western ones. More recently, numerous specialty coffee shops are being opened, many of which are run by local independent business owners. As people are beginning to appreciate quality coffee, the region can be characterized by its vastly expanding market for coffee drinking. Many of these […]

|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.   […]

|By Arabian Post Staff| Dubai Land Department (DLD) has announced the updated rental index for 2018, covering all residential, commercial and industrial properties in the Emirate of Dubai. DLD’s specialists have adopted a variety of mechanisms to carry out the upgrade process, including reading the average data of tenancy contracts registered in the ‘Ejari’ system and the real estate data and units registered in DLD’s databases. The […]

|By Arabian Post Staff| Boeing and flydubai signed a landmark agreement for 225 737 MAX airplanes with a list price value of $27 billion. The deal represents the largest-ever single-aisle jet order – by number of airplanes and total value – from a Middle East carrier. Signed at the 2017 Dubai Airshow in flydubai’s hometown, the agreement includes a commitment for 175 MAX airplanes, and purchase rights […]

|By Arabian Post Staff| Boeing and Emirates announced a commitment to purchase 40 787-10 Dreamliners at the 2017 Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1 billion at current list prices. Emirates is the world’s largest Boeing 777 operator and will be the first to receive the new 777X in 2020. In selecting the 787-10, Emirates complements their 777 fleet with a […]

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Just in:
Microsoft restores services gradually but gives no recovery deadline // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // The Honey Trap Is The Headline, The Chip Pipeline Is The Story // Microsoft outage leaves Outlook and Teams users disconnected // Messi affair SIT finds all-round violations // Nvidia appoints Colette Kress interim chief after Huang departure // Microsoft apologises as Outlook services recover after outage // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // TORRAS Launches Two New iPhone Duo Cases from Its Popular Ostand Series, Addressing Foldable Phone Users’ Concerns About Difficult Stand Positioning and Scratches // OpenAI unveils ChatGPT Wallet for agent-led purchases // US authorities dismantle North Korean cryptocurrency deception infrastructure // October Food Price Shock Has Far Reaching Consequences // Fujairah highway pile-up leaves 14 dead and 30 injured // China Reconciled To U.S. Curbs On Chips Exports, Woos South Korea For Supply // Rooftop solar planning gaps behind power shortages // Salik posts Dhs1.045bn profit despite lower toll traffic // Lego restores BrickLink marketplace after security investigation // Sun World Ba Den Mountain marks Vietnam Culture Day, welcoming Cambodian visitors over Bon Om Touk // Electoral register gains 2.17 lakh voters //