Oscar-winning actor Al Pacino is set to visit Saudi Arabia on May 11-12 as part of the General Entertainment Authority schedule for 2017, which aims to boost the kingdom’s entertainment and film sector. The event titled “An Evening with Pacino,” will take place in Riyadh and then Dammam. It will see Pacino share rare backstage stories and inner workings of his personal projects with a live audience […]
A body set up by the Saudi-led coalition to investigate civilian casualties in Yemen said on Thursday a technical fault was responsible for the death of seven people in a 2015 air strike but cleared the alliance of other attacks. Saudi Arabia and its allies in a mostly Gulf Arab military coalition have been bombing the Iran-aligned Houthi movement since they seized much of northern Yemen in […]
There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]
An online commercial released by Nike this week showing Arab women fencing, boxing and spinning on ice-skates has stirred controversy over its attempt to smash stereotypes about women leading home-bound lives in the conservative region. It begins with a woman nervously peering out of her doorway and adjusting her veil before going for a run in the street, while a female voice narrates in a Saudi dialect: […]
Three Egyptian real estate executives said on Thursday that their companies have suspended housing deals with the Saudi Arabian government amid political tensions between the two countries. Four Egyptian real estate companies had signed memorandums of understanding with the Saudi Housing Ministry during King Salman’s April visit to Cairo last year. Since then, political differences have emerged as the two Arab powers have diverged on the conflict […]
Photo Nigerians displaced by Boko Haram insurgents last February at Dikwa camp in northeastern Nigeria. The United Nations raised the alarm on Wednesday about the risk of famine in northern Nigeria. Credit Agence France-Presse — Getty Images UNITED NATIONS — In a world filled with excess food, 20 million people are on the brink of famine, including 1.4 million children at imminent risk of death. In the […]
DUBAI: Combining the capabilities of the United Arab Emirates (UAE) and Saudi Arabia can create historic opportunities for their peoples and the whole region, said Sheikh Mohammed bin Rashid Al-Maktoum, UAE vice president and prime minister, and ruler of Dubai, WAM reported on Tuesday.He was speaking at a joint retreat on Saadiyat Island, attended by some 150 Emirati and Saudi officials to discuss the best ways to […]
Oil company Saudi Aramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world’s biggest initial public offering and could raise up to $100 billion. The IPO is the centerpiece of […]
But they are not buying much. Unemployment is high, especially among the many young people graduating from college. In all, 50,000 people remain displaced. Electricity and water supplies are still near crisis levels. Hamas, which governs Gaza, elected a new hard-line leader. Tunnel building goes on (and, presumably, so does the construction and smuggling of weapons). On the Israeli side, the political right talks of a new […]
|By Arabian Post Staff| Saudi Arabian Oil Co may offer discounted shares of its record breaking IPO to Saudi nationals, Bloomberg reported quoting sources. It said the company has discussed methods to structure the sale so that retail investors in Saudi Arabia can buy shares for less than those buying on international exchanges. Aramco, as the company is known, is considering listing venues in the U.S., U.K. […]
Creditors of Saudi Arabia’s Al Ittefaq Steel Products, the country’s largest private sector steel manufacturer, have provisionally agreed to a 6.2 billion riyals ($1.7 billion) debt restructuring, banking sources told Reuters on Tuesday. The terms of the deal have still not been finalised but banks have reached an agreement in principle to give the company a two year window in which it would only pay interest on […]
Saudi Arabia has invited investors to submit requests to qualify for the first round of its $30-$50 billion National Renewable Energy Programme by March 20, it said on Monday. Saudi Arabia is targetting 9.5 GW of renewable energy by 2023 in line with Vision 2030, an economic reform plan launched last year to diversify the economy beyond oil. The renewable programme involves investment of between $30 billion […]
ABU DHABI // Combining the capabilities of Saudi Arabia and the UAE could create historic opportunities for the region, Sheikh Mohammed bin Rashid said on Tuesday. “Through our integration, solidarity and unity, we can protect our gains, enhance our economies and build a better future for our people,” the Vice President and Ruler of Dubai said at a joint retreat on Abu Dhabi’s Saadiyat Island, attended by […]
By Fergus Jensen | JAKARTA JAKARTA Saudi Arabia’s King Salman will visit Jakarta and Bali on the Indonesian leg of his Asian tour next month, bringing 1,500 people in his entourage including 10 ministers, Indonesian officials said. “This is a very historic visit for us,” Cabinet Secretary Pramono Anung told reporters on Tuesday, adding that the king would be in Indonesia from March 1 to 9. He […]
Photo A session at the International Conference in Support of Palestinian Intifada in Tehran on Tuesday, where Ayatollah Ali Khamenei, Iran’s supreme leader, urged renewal of the Palestinian uprising, or intifada, against Israel. Credit Ebrahim Noroozi/Associated Press TEHRAN — Everything was in place on Tuesday for a gala celebration at Iran’s annual conference in support of Palestine. Awaiting the hundreds of guests was a table piled high […]
Jeddah: Feb 22, 2017 King Abdulaziz International Airport received on Tuesday the first flight of the low-cost Malindo Air based in Malysia which obtained recently authorization from the General Authority of Civil Aviation to operate flights between Kuala Lumpur and Jeddah. The first ever flight was received by Hani Al Thunian, CEO of Seherz Aviation, executive agent of Malindo Air in Saudi Arabia, Ameen Duhaithem, president of […]
Saudi Arabia is favouring New York to list state oil giant Saudi Aramco IPO, while also considering London and Toronto for the prospect of floating the firm, the Wall Street Journal reported on Monday. Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue listing in those places, the newspaper said, citing people familiar with the matter. The listing […]
21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]
ABU DHABI // Sheikh Mohammed bin Zayed has praised the role of Sudan, under the leadership of President Omar Hassan Al-Bashir, in joining the Arab Coalition and its support for the Saudi-led operation to bring hope to Yemen. The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces also praised the performance of Sudanese forces in field operations, alongside other Arab Coalition forces. […]
Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]
Partnership will allow partner-drivers to connect with on-demand medical professionals United Arab Emirates, 20 February 2017 Uber, the smartphone app-based technology company, has announced a partnership with Altibbi, an online medical mobile application, to connect Uber partner-drivers with on-demand doctors. The application allows partner-drivers to connect with a selection of certified doctors, and get round-the-clock affordable medical consultations over the phone. This gives partner-drivers access to safe […]
Some of the world’s biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. With some $6.5 trillion in assets, sovereign investors already account for 19 percent of capital committed to private equity, according to data from research firm Preqin. But mega-funds such as the Abu Dhabi Investment […]
For President Trump, the designation debate is an election promise made good. He has made no bones about taking an approach to the Middle East that is narrowly focused on counterterrorism, and that plays to domestic supporters who view all Islamist movements — or even all Muslims — as potentially hostile. Continue reading the main story In much of the Middle East, though, the rapid pace and […]
Australia and the UAE will explore closer defence ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Australia’s Defence Industry Minister Christopher Pyne and Sheikh Mohammed, who is also Deputy Supreme Commander of the UAE Armed Forces, met on the sidelines of the biennial International Defence Exhibition and Conference (IDEX) in Abu Dhabi. The […]
