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 […]
Mike Butcher / TechCrunch:IQM, which makes hardware for quantum computers, raises €15M from the EIC Accelerator program and a €3.3M grant from the Business Finland government agency — IQM Finland Oy (IQM), a European startup which makes hardware for quantum computers, has raised a €15M equity investment round …
Timothy B. Lee / Ars Technica:Internet Archive to close its National Emergency Library, which offers free, unrestricted access to ebooks, on June 16, after lawsuit from four major publishers — Online library asks publishers to “call off their costly assault.” — The Internet Archive has ended its National Emergency Library programs …
The complimentary online event aims to bring together the local seller community and empower them to develop strategies and skills to expand their businesses and reach more customers locally and globally SINGAPORE – Media OutReach – June 11, 2020 – (NASDAQ:AMZN) – Amazon will be hosting its first summit for small and medium businesses (SMBs) in Singapore, Amazon Singapore Online Seller Summit 2020, on June 19, 2020, 9am […]
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, […]
Accredited Coach Training Program (“ACTP”) provides aspiring coaches with a streamlined pathway for professional certification by the International Coach Federation SINGAPORE – Media OutReach – 10 June 2020 – Collective Change Institute (CCI) announced today that it has launched the Complete Coach Development Program (CCD), an Accredited Coach Training Program (ACTP) approved by the International Coach Federation (ICF). The CCD program offers students a streamlined route to obtaining their professional […]
HONG KONG, CHINA – Media OutReach – 10 June 2020 – Black Spade Capital Limited (“Black Spade Capital“), a family office managing the private investments of Mr. Lawrence Ho, Chairman and Chief Executive of Melco International Development Limited, has announced it has invested and held shares in My Platform, a medical IT services platform. Founded in Hong Kong as a start-up, My Platform was launched as a brand-new medical management […]
Arabian Post Staff Group 42 (G42), a leading AI and Cloud Computing company based in the United Arab Emirates, and Oxford Nanopore Technologies, an advanced sequencing technology company based in the United Kingdom, announced today they have developed an unprecedented population-scale technology that rapidly and accurately detects SARS-CoV-2, the virus that causes Covid-19. The end-to-end solution will be officially launched within weeks. With ultra-high parallel processing capacity, […]
SINGAPORE – Media OutReach – 8 June 2020 – Singapore Ed-Tech company Tenopy has inked an MOU with AMKFSC Community Services Ltd. (AMKFSC), providing Mathematics, English and Science online tutoring classes and contents to AMKFSC’s students from disadvantaged backgrounds, to help them continue studies amidst the continued COVID-19 upheaval. Tenopy, the leading Ed-Tech company in Singapore specialising in live online tutoring classes, will provide a group of students […]
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 […]
HONG KONG, CHINA – Media OutReach – 8 June 2020 – Today, AsiaPac Net Media Limited and AdTech Innovation Limited — agencies under AsiaPac Group leading Asia’s digital marketing with self-developed AI tools and big data — received Criteo Partner status in APAC covering Hong Kong, China, Taiwan, Thailand, Singapore and Malaysia markets. Criteo Partners is a global partnership program launched by Criteo, the global technology company powering the […]
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 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 […]
By Arabian Post Staff Emirates Strategic Investments Company (ESIC), an Abu Dhabi-based investment company owned by Sheikh Mansour bin Zayed al-Nahyan, a member of Abu Dhabi’s royal family, said it has acquired two mixed-use properties in the United Arab Emirates (UAE), one of a series of investments to be funded by last year’s successful issuance of the company’s US$600 million (Dh2.2 billion) sukuk. The Dh1 billion (US$ […]
The following is a text of seven -year-old Soborno Isaac Bari’s prepared remarks to Mankind, delivered on January 6, 2020 at SP Pune University in India. I am honored to be in India, the birthplace of Mahatma Gandhi, and to be hosted by Savitribai Phule Pune University. Since 1949, India has stood as a beacon of democracy, diversity, and tolerance and the University of Pune has served […]
Arabian Post Staff Indonesia’s business community on Thursday welcomed the UAE’s pledge to pump tens of billions of dollars into a wide range of key sector projects. President Joko Widodo and his entourage secured an overall $22.9 billion deal during an official two-day visit to Abu Dhabi earlier this week covering the fields of energy, logistics, port construction, mining, and agriculture. It was also revealed that the […]
By Matein Khalid NMC Health PLC, the UAE’s leading private operator of medical clinics and hospitals with a footprint in 17 countries was founded by Abu Dhabi based Indian-Udupi businessman B. R. Shetty and listed on the London Stock Exchange. NMC plunged a shocking 45% in five trading sessions after Carson Block of Muddy Waters Capital, one of the world’s preeminent short selling specialist hedge funds, accused […]
By Matein Khalid I had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, […]
By Arabian Post Staff Saudi Arabia has unveiled a 2020 budget that projects a budget deficit of 6.4 percent of GDP. This is much higher than the figure for 2019, which was estimated at 4.7 percent. The 20220 budget indicates total expenditures of SAR 1,020 billion, and SAR 833 billion of projected revenues. For FY 2019, it is expected that the actual expenditures will reach SAR 1,048 billion and total actual revenues are expected […]
By Matein Khalid I had recommended SAP shares at €82 in the Gulf financial press in early 2018 as its then CEO Bill McDermott committed the firm to the digital transformation of the UAE at Dubai’s World Government Summit. I published a second article on August 7, 2019 tilted “German software colossus SAP shares will more than double by 2023!”. The shares were €104 in Frankfurt on […]
By Arabian Post Staff A surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). The strong 4.3 per cent increase in volume growth compared to the same period last year was supported […]
By Arabian Post Staff Boeing and Emirates announced they have finalized a purchase agreement for 30 787-9 Dreamliner airplanes, valued at $8.8 billion according to list prices. The agreement, signed at the Dubai Airshow, culminates discussions between the two companies on the best 787 Dreamliner model to meet the requirements of one of the world’s leading airlines. Emirates had previously signed an initial agreement for the larger […]
By Matein Khalid I literally laughed when I heard that Goldman Sachs put a valuation range of $1.6 to $2.3 trillion on the Saudi Aramco IPO. One, a valuation range of $700 million only means the Goldie analyst bankers (deal promoters?) are clueless about what Saudi Aramco is really worth. Two, I cannot fathom how the financial markets will assign a valuation of 17 to 23 times […]
By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2 billion (US$320 million), despite a 2 percent decline in group revenues to Dh53.3 billion (US$14.5 billion) for the first six months of 2019-2020 financial year, starting April 1, 2019, compared to Dh54.4 billion (US$14.8 billion), during the same period last year, due to unfavourable […]
