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JOHANNESBURG, SOUTH AFRICA – EQS Newswire – 24 June 2020 – As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it. Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity” for governments to phase-out fossil fuel […]

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 […]

 By Manish Rai  Recent protests in Beirut over government corruption and mismanagement of the economy quickly escalated into rioting and violence that included clashes between Shi’ite Hezbollah supporters and demonstrators. Protesters poured into the streets of the Lebanese capital to decry the collapse of the economy. Moreover, there are now renewed calls from various sections of the society for the total disarmament of the powerful Hezbollah which is […]

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 […]

By M A Hossain Last couple of weeks, North Korea was showing an aggressive attitudes towards South Korea and finally on 16 June 2020. North blew up a liaison office set up as symbolic wage on South in Kaesong. Needless to say, this is a provocative activity to create pressure only on Mr. Moon Jae-in, who is betting on Trump-Kim negotiations where sanctions on North Korea will […]

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 […]

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. […]

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Abu Dhabi Emergency, Crisis and Disaster Committee for the Covid-19 Pandemic, in collaboration with Abu Dhabi Police and DOH, have announced that citizens and residents may leave Abu Dhabi emirate without a permit Entry to Abu Dhabi emirate is allowed with a permit issued by Abu Dhabi Police. Precautionary health measures will apply upon entry. Movement between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafra) […]

 Newcomer food delivery app Grub has entered the UAE’s food delivery marketplace, launching its services across Dubai. Offering a flexible and easy to manage system, the platform offers simple flat-rate mobile food delivery for local restaurants and wholesalers. The mobile app is offering venues 0% commission for the first six months if they sign up in the launch month as the new app is intended to help […]

By Glyn Yates The upheavals caused by the Coronavirus crisis show us what the future of work could look like and how important digitalization is. This also applies to the HR department. Over the past few weeks, many HR departments have experienced what it is like to do their tasks completely remotely. This quickly shows where the opportunities of digitalization for HR are, as well as where […]

SINGAPORE – Media OutReach – 16 June 2020 – Global technology giant IBM, and Singapore’s leading Continuing Education and Training provider NTUC LearningHub (NTUC LHUB), today announced a collaboration to close technology skills gaps in Singapore amid the evolving Covid-19 situation. This will be done through curating free courses in areas such as AI, Cloud and Data. The tie-up came as a result of ongoing discussions about the shared […]

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 […]

Arabian Post Staff Abu Dhabi Emergency, Crisis and Disaster Committee for the Covid-19 Pandemic, in collaboration with Abu Dhabi Police and DOH, have announced that the Abu Dhabi movement ban is to be extended by one week, starting  Tuesday 16 June. The ban covers movements between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafrah) as well as in and out of the emirate. It applies […]

By Andrew Brinded In 1991, the renowned technology journalist Stewart Alsop made a famously wrong forecast. “I predict that the last mainframe will be unplugged on March 15, 1996,” he wrote. But 23 years later, the mainframe is still going strong. For me, this underlines why it’s a myth that IT is a fast-moving sector in which revolutionary changes occur at lightning speed. The R&D side of […]

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 importance of risk management to Asian businesses   HONG KONG, CHINA – Media OutReach – 10 June 2020 – As global recession looms, Asian businesses tighten their credit management processes in a bid to minimise bad debt risks.   COVID-19 containment measures around the world have impacted both national and international supply chains and trade. Responses to the 2020 Atradius Payment Practices Barometer (PPB) survey […]

Residential Sale & Purchase Agreements in May rose to 5,984, the highest level in the past year Prices at representative estates are down by around 0.5%-10.8% year-to-date With 19 major deals, the property investment market has not rebounded yet in Q2 as buyers and vendors remain on the sidelines amid the continuous uncertainties.  HONG KONG, CHINA – Media OutReach – 9 June 2020 – As the local coronavirus outbreak gradually […]

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 […]

Physical classrooms across Asia, like this Japanese High School, were recreated online during the onset of COVID-19   SINGAPORE – Media OutReach – 9 June 2020 – Since the onset of the pandemic early this year, education ministries across Asia have pushed for mass migrations online, with the help of  Microsoft Teams, Office 365 and Microsoft Azure, enabling millions of students to continue to learn from home. Beyond ensuring lesson […]

Arabian Post Staff The International Air Transport Association (IATA) announced that demand for air services is beginning to recover after hitting bottom in April. Passenger demand in April (measured in revenue passenger kilometers or RPKs), plunged 94.3% compared to April 2019, as the COVID-19-related travel restrictions virtually shut down domestic and international air travel. This is a rate of decline never seen in the history of IATA’s traffic series, […]

DP World has launched online logistics tools and services, covering sea, land and air shipping around the world. The connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air. The initiative represents a major step forward in digitizing the management of logistics to increase the efficiency, […]

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 […]

Arabian Post Staff Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit the continent’s OFS market hard and cut purchases by about $5 billion year-on-year, a Rystad Energy impact analysis shows. The European service market, which was expected to stay largely flat this […]

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