Arabian Post Staff Global HNWI have US$ 2.5 billion to spend on Dubai real estate this year, compared to US$ 3.8 billion spent on homes priced at over US$ 10 million in the emirate last year, according to property consultancy, Knight Frank. Knight Frank’s inaugural Destination Dubai report surveyed 183 HNWI globally, each with a net worth of over US$ 3 million, excluding their main home, or […]
Arabian Post Staff Ringing in 2023 in style, the Emirate of Ras Al Khaimah in the United Arab Emirates welcomed the New Year with impressive fireworks displays to musical rhythms, as it pushed to break two Guinness World Records titles. Featuring pyro drones, nano lights, colours and shapes choreographed to electric beats, the #RAKNYE2023 celebrations aimed to break world records with its innovative and impressive technology. Covering […]
Arabian Post Staff Expo 2020 has had a positive impact on all markets in the UAE, while the FIFA World Cup Qatar 2022 is expected to result in overspill demand to the key transit hubs in Dubai and Abu Dhabi, Colliers said in its monthly hotel report for MENA. However, rising instability in key CIS source markets is expected to suppress demand, with the largest impacts expected […]
Gambling laws across the world can vary wildly from the liberal ones of France and the United Kingdom to the strict restrictions of Brunei and Indonesia. Despite the significant revenue streams that are seen in some countries in Europe and the west, many other nations have refused to be drawn into legalizing gambling to the masses. However, things may be changing, and some emerging markets are opening […]
Arabian Post Staff Abu Dhabi-based Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the single largest shareholder and consequently becoming Aldar’s parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar, to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary in Alpha Dhabi’s consolidated financial statements, the impact […]
Arabian Post Staff The United Arab Emirates announced today that it will transition to a four and a half day working week, with Friday afternoon, Saturday and Sunday forming the new weekend. The new working week will commence January 1, 2022, across the federation of seven emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain) that make up the UAE. Currently the working […]
Arabian Post Staff Etihad Rail announced the completion of excavation of all rail tunnels of Package D of Stage Two of the UAE National Rail Network, which will be a key element of the global supply chain, and play a vital role in sustaining the position of the United Arab Emirates as a global and regional transport, shipping and logistics hub. The network will also support the […]
Arabian Post Staff UAE headquartered investment group Yas Holding has completed the acquisition of Gulf Inject LLC (GI) from Ras Al Khaimah-based Gulf Pharmaceutical Industries (Julphar), a listed UAE-based pharmaceutical company. The 100% acquisition, which includes Gulf Inject’s Jebel Ali Free Zone branch, was completed through Yas Holding’s dedicated healthcare investment vehicle, GlobalOne Healthcare Holding LLC (GHH). GHH’s healthcare portfolio includes biopharma, manufacturing, medical supply chain, hospital […]