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Low oil

Why High Net Worth Individuals Are Flocking to Alternative Assets

High net worth individuals (HNWIs) are increasingly gravitating towards alternative assets. This trend is more than a passing phase; it’s a seismic shift driven by a confluence of factors ranging from market volatility to the pursuit of superior returns. As the global financial environment becomes more complex and uncertain, alternative assets are providing HNWIs with the diversification, resilience, and growth opportunities that traditional investments struggle to match. […]

Arsenic and Lead Contamination Sparks Public Health Concerns

Arabian Post Staff Concerns have escalated about arsenic and lead contamination after recent reports linked these toxic substances to serious health risks. Arsenic, historically dubbed the “king of poisons,” and lead, which is often associated with historical figures like Vincent Van Gogh due to its potential neurotoxic effects, have been found in alarming concentrations in various environments. This has triggered widespread alarm on social media and among […]

Bangladesh Protests Are Part Of Geopolitical Turmoil In South Asia

By Arun Kumar Shrivastav The student protest in Bangladesh over job quotas has taken a deadly turn, with more than 100 students reportedly killed by police and security forces. Despite the government’s suspension of the controversial job quota decision, there is no sign of the protests abating. Students from across the country continue to take […]

The Case Of Puja Khedkar Is Becoming Curiouser And Curiouser With Every Passing Day

By Sushil Kutty Changing names is a national pursuit. Shopkeepers and restaurateurs have been routinely using certain namesakes for their businesses to make a killing during key seasons. At another level, the romantics have been faking monikers for the easy access it gave them into lonely hearts. That this pursuit has been called ‘Love Jihad’ […]

Saudi, China Link Markets with New ETFs

Saudi Arabia and China have taken a significant step towards enhancing financial connectivity with the recent launch of exchange-traded funds (ETFs) on Chinese stock exchanges. This development, unveiled by Public Investment Fund (PIF) Governor Yasir Al-Rumayyan during a listing event in Shenzhen, marks a new chapter in the financial collaboration between the two nations. The ETFs provide Asian investors unprecedented access to the Saudi equity market, which […]

Israel Hits Yemeni Port City After Houthi Drone Attack

Recent developments in the Middle East have escalated tensions between Israel and Houthi forces in Yemen. Following a drone strike by the Houthi rebels on an Israeli cargo ship in the Red Sea, Israel has responded with a significant military action targeting a key port city in Yemen. This latest exchange marks a sharp intensification in the region’s complex geopolitical landscape. The drone attack on the Israeli […]

Saudi Investment Fund Seeks Larger Selfridges Stake

Saudi Arabia’s Public Investment Fund (PIF) is reportedly aiming to increase its stake in the renowned UK department store Selfridges to 50%. This development follows documents reviewed by Bloomberg News, indicating a significant shift in the retail landscape. The move comes as Selfridges co-owner, the Weston family, considers adjusting their ownership structure amidst evolving market conditions. Selfridges, established in 1908 by Harry Gordon Selfridge, has been a […]

Modi-Putin Talks Have Imparted A New Dimension To Overall Economy Of India

By Subrata Majumder Narendra Modi’s visit to Russia on July 8 and 9, the first since Ukraine war, carries major significance. India’s shifting of oil dependence from OPEC to Russia opens a new chapter of economic relation between the two nations, after it was subdued with the breakdown of Soviet Union in 1991. Apart from […]

United States Does Not Care For Modi’s Doctrine Of ‘Strategic Autonomy’

By P. Sudhir Prime Minister Narendra Modi’s two-day visit to Moscow on July 9-10 saw the revival of the annual summit meetings between the leaders of India and Russia. The last summit had been held in 2021 when President Putin visited Delhi. The visit has resulted in further strengthening the strategic partnership between India and […]

IMF Welcomes Saudi Arabia’s Adjustments to Vision 2030 Projects

Saudi Arabia’s economic transformation under Vision 2030 has garnered praise from the International Monetary Fund (IMF) for its recent recalibrations. As the Kingdom approaches the midpoint of its ambitious plan, these adjustments are seen as crucial for maintaining momentum and addressing evolving challenges. Jihad Azour, the IMF Director for the Middle East and Central Asia, highlighted the strategic importance of these recalibrations. He emphasized that such revisions […]

Luxury Skincare J. Bruhin Muller Announces Launch of New Imperial Rose Collection

GENEVA, SWITZERLAND – Media OutReach Newswire – 19 July 2024 – J. Bruhin Muller, the celebrated luxury beauty brand, continues its legacy of inspiring elegance as it proudly introduces its highly anticipated line of exquisite skincare products, the Imperial Rose Collection. Luxury Beauty J. Bruhin Muller launches new Imperial Rose collection Deeply rooted in heritage, J. Bruhin Muller’s salon-grade products draw inspiration from Switzerland’s rich history of […]

Instead Of Gloating Over ‘Record’ Job Generation, Modi Govt Should Do Some Retrospection

By Krishna Jha In India today, the number of unemployed especially in the working age has gone up to more than forty crore out of the population of one billion. The demon of deprivation stares at every unit of families. With occasional employment, life is barely sustained. The ruling circle never gets tired of claiming […]

The 10th Malaysian Cultural and Food Festival Raises the Curtain at Galaxy Macau Celebrating the 50th Anniversary of Diplomatic Relations between China and Malaysia

This exciting event, the Macau’s largest Malaysian event, features 10 renowned Malaysian chefs performing live and over 40 authentic dishes presented in original flavors, while the first buzzing pop-up market packed with traditional snacks and cultural handicrafts from 11 cities. 10 top-quality fresh durians delivered from Malaysia. MACAU SAR – Media OutReach Newswire – 18 July 2024 – Returning for its 10th edition, the much-loved Malaysian Cultural […]

Oil and Gas Sector Embraces Automation: Key Players Innovate

Oil and gas industry leaders are increasingly turning to automation to enhance efficiency, reduce costs, and improve safety. Major companies, including Aker Solutions, NOV, Oceaneering, Schlumberger, Weatherford, Halliburton, Baker Hughes, BJ Services, GE-Hydril, Cameron, and FMC, are at the forefront of this technological shift. Aker Solutions and NOV recently signed a technology cooperation agreement to optimize subsea systems, aiming to improve sustainability and efficiency in oil and […]

UAE’s Debt Capital Market Projected to Surpass $300 Billion by 2025: Fitch

Arabian Post Staff -Dubai The United Arab Emirates (UAE) is poised to witness substantial growth in its debt capital market, with projections indicating a potential surge beyond $300 billion by 2025, according to a recent report by Fitch Ratings. The forecast reflects a robust expansion trajectory for the UAE’s financial sector, underpinned by strategic initiatives aimed at bolstering economic resilience and diversification. Fitch’s assessment underscores the country’s […]

Jadwa Investment Secures Majority Stake in Tikkaway

Jadwa Investment, a prominent Saudi private equity firm, has acquired a 60% stake in Tikkaway, an emerging player in the fast-casual dining sector. This strategic acquisition aligns with Jadwa’s broader goal of diversifying its investment portfolio and strengthening its presence in the consumer sector. The deal, valued at an undisclosed amount, marks a significant step for Jadwa in expanding its footprint within the hospitality and food service […]

Oman Leads GCC with Personal Income Tax

Arabian Post Staff -Dubai Oman is on the cusp of becoming the first Gulf Cooperation Council (GCC) country to implement a personal income tax, sparking debates about whether other Gulf nations might follow suit. This historic move aims to diversify Oman’s revenue streams, reducing its dependency on oil, and supporting its Vision 2040 plan for sustainable economic growth. The proposal, recently approved by Oman’s Majlis Al-Shura and […]

IMF Lowers Saudi GDP Growth Forecast Amid Oil Production Cuts

The International Monetary Fund (IMF) has adjusted its economic projections for Saudi Arabia, revising down the expected GDP growth due to significant cuts in oil production. The revision comes as global oil markets continue to face volatility amidst geopolitical tensions and shifting demand dynamics. Saudi Arabia, the world’s largest oil exporter, has been implementing production cuts as part of coordinated efforts by OPEC+ to stabilize oil prices […]

Fed and Trump shooting boost gold – what you need to consider

Gold prices surged this week to a record high of $2,465 per troy ounce amid prospects of Federal Reserve interest rate cuts and the potential return of Donald Trump to the US presidency. Savvy investors around the world are clearly feeling it’s time to bolster their exposure to gold. Should you be doing the same? The Power of policy shifts The Federal Reserve’s anticipated interest rate cuts […]

Bitcoin Price Surges Above $62K Amid Revived ‘Trump Trades’

Bitcoin reclaimed the $, mark today, marking a robust resurgence fueled by renewed investor interest in high-risk assets termed as ‘Trump Trades’. This uptick follows a volatile weekend in global markets, spurred by geopolitical tensions and economic uncertainties. Over the past hours, Bitcoin surged by over 5%, reaching a peak of $, in early trading. The cryptocurrency’s rally coincided with a broader market shift towards riskier investments, […]

US Envoy’s Angry Reaction To Modi-Putin Talks Is Undiplomatic, Unwarranted

By Nantoo Banerjee The US Ambassador to India, Eric Garcetti, may have exceeded his brief by issuing a warning to India that the country can’t take its improved relationship with the United States for granted in the context of Prime Minister Narendra Modi’s talks with Russian President Vladimir Putin in Moscow, last week. The ambassador, […]

Kuwait’s Significant Oil and Gas Discovery in Offshore Field

Arabian Post Staff -Dubai Kuwait has announced the discovery of substantial oil and gas reserves in the Al-Nokhatha offshore field, marking one of the most significant finds in recent years. The Kuwait Petroleum Corporation (KPC) revealed that this new discovery includes an estimated 3.2 billion barrels of oil equivalent, with approximately 5.1 trillion cubic feet of gas reserves. This discovery is expected to significantly bolster Kuwait’s status […]

Bühler opens application center for local grains in Nigeria together with Flour Mills of Nigeria

Addressing food security in Nigeria and beyond KANO, NIGERIA – EQS Newswire – 11 July 2024 – Bühler, in collaboration with Flour Mills of Nigeria Plc, has opened a grains application center in Nigeria dedicated to processing local and ancient grains. This sustainable and transformative commitment was made based on the need to address food insecurity, not just in Nigeria, but progressively across the African continent. Today […]

Prince’s Mega-Project Faces Funding Woes

RIYADH – The ambitious trillion-dollar transformation plan envisioned by Saudi Crown Prince Mohammed bin Salman is encountering significant headwinds as the kingdom grapples with the prospect of funding cutbacks. Sources close to the matter have revealed that the economic downturn, coupled with escalating geopolitical tensions, has compelled Saudi authorities to reassess the financial viability of the multifaceted project. Initially conceived as a cornerstone of the kingdom’s economic […]