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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 […]

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 […]

Non-Residential Indians (NRIs) and Person of Indian Origin (PIO) have several banking needs that are difficult to be served by any regular bank account. Since these people reside abroad, they generally have their savings and income in foreign denominations such as US Dollars, Euros, etc. Therefore, such individuals need a different account to suit their requirements. NRI accounts have distinctive facilities for amount transfers, tax-related issues, currency […]

Eating healthy has become the new revolution, after all, you are what you eat! Thankfully, eating healthy in today’s times isn’t just bitter leaves and sour vegetable mixes blended into juices, they’ve transformed into delicious gourmet meals that leave you craving for more. But we understand that your hesitation goes beyond taste and you also worry about availability and cost. UberEats is to the rescue as you […]

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 Matein Khalid The US dollar is the traditional safe haven currency during times of geopolitical or financial stress even when the cause of a risk aversion spasm is ultimately American, such as the failure of Lehman Brothers in 2008, Obama’s epic budget battles with the Republicans in 2011 and the Trump White House’s drone hit on Iran’s most revered Revolutionary Guard commander on 3 January 2020. […]

In the past, gambling was seen as something ‘other’. It was something that only the rich would and could do, and unless you had a huge fortune then gambling was always a mistake – it would lead to big financial problems and potentially ruin your life.  Thankfully, a lot has changed since this idea was first circulated. Today, gambling at Barbados – as long as you are […]

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Arabian Post Staff The Dubai Financial Services Authority (DFSA)  announced that it has fined Enness Limited (Enness DIFC), a DIFC Representative Office. The DFSA fined Enness DIFC USD 105,000 (approximately AED 386,000) for engaging in unauthorised activity outside the scope of its Representative Office DFSA Licence. As a Representative Office, Enness DIFC is only permitted to carry out a narrow set of activities in the DIFC relating […]

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 […]

 In an event held at the UAE’s only ecological school, the Arbor School, the Finnish Expo 2020 Dubai pavilion and the real-life Finnish Santa Claus highlighted the importance of adopting and adapting a circular economy in order to combat the current climate crisis the world is facing and empowering our youth to be part of sustainable change. The Arbor School was selected to host Santa Claus due […]

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 […]

Airbus celebrates 10-years of partnership with Strata shaping the UAE’s aerospace industry, highlighting key milestones achieved with the UAE-based manufacturer throughout the past decade. As part of the UAE’s drive to create a world-class aerospace industry to deliver on its diversification strategy, Airbus is increasing its Middle Eastern footprint through industry cooperation with local entities to contribute to the nation’s economic growth. Abu Dhabi-based Strata Manufacturing has […]

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 Arabian Post Staff Emirates placed a firm order for 50 A350-900 XWB aircraft worth US$16 billion (Dh58.7 billion) at list prices at the Dubai Airshow 2019. Powered by Rolls-Royce Trent XWB engines, delivery of the first Emirates A350 XWB is expected in May 2023, and will continue until 2028. Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive, signed the deal with Guillaume Faury, […]

By Arabian Post Staff Air Arabia, the Middle East and North Africa’s first and largest low cost carrier, has signed a firm order for 120 Airbus aircraft comprising 73 A320neos, 27 A321neos and 20 A321XLRs. The agreement was signed at the 2019 Dubai Airshow in the presence of Air Arabia’s Chairman Sheikh Abdullah Bin Mohammed Al Thani, Adel Ali, Chief Executive Officer Air Arabia and Guillaume Faury, […]

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 […]

Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East and Europe. He is an entrepreneur who grew several businesses from start-ups to millions in annual sales through effective business planning, quality of products, creative sales techniques and innovative marketing.

Bahrain has been ranked among the top-10 most improved economies in the world in this year’s Doing Business 2020 report, up 19 places to 43rd place since last year in the World Bank’s assessment of 190 countries. The most improved economies are selected based on the number of economic programs and legislative reforms each country has enacted, and on how much their ease of doing business score […]

Continuing from the previous quarter, average sales prices and rents softened across most communities in Dubai in the third quarter of 2019, the latest Cavendish Maxwell UAE Property Market Report says. The average apartment prices declined by 16.5% over the 12-month period from Q3 2018 to Q3 2019 while the average villa/townhouse prices declined 15% during the period. Rental declines for apartments in Dubai averaged 15%, whilst […]

It’s the largest and most popular music festival in the world, so it’s no surprise that every single available ticket for Glastonbury Festival 2020 sold out instantly. Tickets were placed on general sale on the morning of Sunday, 6th October. They were all done within a matter of hours. During that time, websites crashed, phone lines became engaged, and millions of music fans took to the internet […]

By Arabian Post Staff Bahrain’s Al Waha Fund of Funds has announced a substantial investment in Beijing-based MSA Capital – its first investment in a Chinese fund. MSA Capital, the most active Chinese fund in the Gulf, plans to use Bahrain as its “hub for regional expansion”. It will work closely with regulators, entrepreneurs and strategic corporate partners to connect growing companies in the region with capital and […]

Zoutons, one of India’s largest marketplace for deals and offers, in order to expand its business portfolio, has recently launched itself in UAE. The website, which has so far successfully established itself amongst the Indian and USA customer base, is now unleashing a whole new “online shopping “experience for UAE consumers. The website has been actively initiating as a portal which ensures smooth online shopping experience with […]

By Matein Khalid George Soros once observed “the big money in emerging markets is made when things go from Godawful to just plain awful”. So true. The point of maximum pessimism in an emerging market is often an opportune moment to accumulate its shares, ideally after a political, economic or financial systemic shock. I sold my entire Pakistan equities portfolio in summer of 2017 after the Supreme […]

By Matein Khalid Thanks to the orchestrated bullishness of a dozen Wall Street sell side analysts and the mother of all short covering rallies, Uber has managed to claw back its losses from 38 to its IPO offer price of $45 though the latest management disaster and sacking of Dara’s handpicked COO and marketing lady wunderkind will slam the shares tonight. Uber has also benefited from a […]

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