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‘Train to Busan’ sequel ‘PENINSULA’ is ready to create global phenomenon!   ‘Gang Dongwon’, ‘Lee Junghyun’, and Director ‘Yeon Sangho’ lead conversations ‘PENINSULA’ is the 1st case of K-movie to join global live streaming on #TwitterBlueroom Twitter also launched #PENINSULA special emojis to celebrate the confirmation of its release in 185 countries and its invitation to the Cannes International Film Festival   ▲Photo Description: Announcement image for […]

Middle East and North Africa (MENA) construction sector is expected to be bit by the triple whammy of lower oil production, low oil prices and contracting non-oil sectors. Data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4%, down from the previous forecast of 1.4%, in light of continued spread of COVID-19. Amid the worsening situation with regards […]

Arabian Post Staff The International Air Transport Association (IATA) has urged governments in Africa and the Middle East (AME) to implement alternatives to quarantine on arrival that would allow economies to re-start while avoiding the importation of COVID-19 cases. Government-imposed quarantine measures in 36 countries across Africa and the Middle East (AME) account for 40% of all quarantine measures globally. With over 80% of travelers unwilling to […]

Emirates will be offering scheduled flights for passengers from seven additional cities in the month of July. These include Khartoum (from 03 July), Amman (from 05 July), Osaka (from 07 July), Narita (from 08 July), Athens (from 15 July), Larnaca (from 15 July) and Rome (15 July). This takes the total number of destinations that Emirates is offering to 48, facilitating additional travel options through a convenient […]

The Caribbean island of Grenada has opened a Consulate in Dubai, United Arab Emirates, to further develop economic, cultural and scientific ties between the two countries. The Consul General said she was delighted to be opening Grenada’s first Consulate in the Middle East. “It is a pleasure to be representing Grenada in the UAE,” said Rose-Ann Benjamin, Grenada’s Consul General. “I’d like to thank the Government of […]

 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 […]

By Lucky La Riccia Digital technologies are transforming industries worldwide. With 5G being deployed across the region, service providers increasingly recognize the new business opportunities that digital transformation of the enterprise market will bring. However, to successfully address these opportunities and accelerate longer-term growth, they need to extend their focus from traditional revenue streams to center on digitalizing targeted industries. While leading service providers in the region […]

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Public Services Company Serco Middle East has appointed Wallace Weatherill as its new Managing Director, a role in which he will spearhead the operations of the largest automated transport system in the region the Dubai Metro as well as the Dubai Tram in collaboration with the Roads and Transport Authority (RTA). Serco Middle East operates and maintains the Dubai Metro and operates the Dubai Tram on behalf […]

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 James M. Dorsey Fraught with multiple powder kegs that could blow up at any moment, Turkish-Russian relations constitute a study in the management of a new world order’s seemingly fragile alliances. Much like relations between Russia and China, Russia and Iran, Turkey and Iran, and Turkey and China, Turkish-Russian ties are fragile despite the fact that they, contrary to Western perceptions, are not just opportunistic and […]

Industry experts and customers to tackle post-pandemic supply chain structures, share best practices: June 23-24   SINGAPORE | Sydney, AUSTRALIA – Media OutReach – June 19, 2020 – Infor, a global leader in business cloud software specialized by industry, today announced the Infor APAC Supply Chain Virtual Summit 2020 will take place online June 23-24 with a central theme of how to run a next-generation supply chain.   The two half-day summit […]

As companies worldwide continue laying-off workers, Atkins has unveiled a new business structure for their business in Africa and the Middle East. The new business structure is set to start taking effect from July 1st, 2020, based around two main markets of the Kingdom of Saudi Arabia and the United Arab Emirates. This structure will also allow Atkins to align their services with client projects and country […]

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 […]

Arabian Post Staff UAE Minister of State for Foreign Affairs Anwar Mohammed Gargash, in a historic public appearance by a senior Arab government official before a global Jewish organization, today addressed the American Jewish Committee (AJC) Virtual Global Forum. Gargash and other senior UAE officials have welcomed AJC delegations on regular visits to the Gulf state for more than 20 years. “AJC has been a quite remarkable […]

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. […]

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 […]

Arabian Post Staff Dubai International Financial Centre (DIFC) announced sustained performance in the reinsurance sector. The sector grew by 17.4% in 2019, representing the highest volume of premiums ever written in the market, further reinforcing the Centre’s position as the leading reinsurance hub in the region. The DIFC confirmed that Gross Written Premiums (GWP) for Q1 2020 reached $472 million, on par with the same period during Q1 […]

by James M. Dorsey  Rejiggering security arrangements in the Gulf may be a more pressing issue than meets the eye. That is not good news for the Gulf states. It is also bad news for China, which could see the rug pulled out from under its studious effort to remain on the sidelines of the Middle East’s myriad conflicts. China and the Gulf states are in the same […]

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), […]

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 In the event of another deadlock between Russia and Saudi Arabia, the desert kingdom is likely to suffer a bigger hit than Russia in an extended oil price war, according to Rystad Energy. Rystad feels Saudi Arabia will suffer a bigger hit in all five financial criteria: the impact on oil and gas revenues, fiscal breakeven price, fiscal deficit and foreign currency reserves, budget […]

As we all know, Covid-19 and the effect it is having on the world has been substantial. With several cancellations and travel bans to locations all over the world, there are plenty of changes being made. With changes to sporting events as well as the postponement of a number of major events in the UAE and internationally, there are many wondering how Covid-19 can continue to affect not […]

Arabian Post Staff Dubai International Financial Centre (DIFC) announced a record growth in 2019. The total number of firms in the Centre reached 2,437, up 14% from 2018, with a total of 32% growth since 2017. It attracted 493 new businesses in 2019 and  now counts 17 of the world’s top 20 banks, 8 of the 10 leading global law firms, 3 of the top 5 insurance companies […]

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