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RAK Ruler condoles King Salman over passing of Prince Talal bin Fahd

RAS AL KHAIMAH, 20th June, 2023 (WAM) — H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member

Sharjah Ruler condoles King Salman over passing of Prince Talal bin Fahd

SHARJAH, 20th June, 2023 (WAM) — H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Mem

Flynas orders 30 Airbus A320neos

Arabian Post Staff Flynas, the Saudi air carrier and a leading low-cost airline in the Middle East, has firmed up an order with Airbus for 30 new A320neo Family aircraft, taking the airline’s total order with Airbus to 120 A320neo aircraft, including 10 A321XLRs. The agreement was signed at the Paris Airshow by Bandar Almohanna, flynas Chief Executive Officer & Managing Director and Christian Scherer, Airbus Chief […]

Eid Al Adha on Wednesday, 28th June: Saudi Arabia

Fujairah Ruler condoles King Salman over passing of Princess Hana bint Abdullah

FUJAIRAH, 17th June, 2023 (WAM) — H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member

Ajman Ruler condoles King Salman over passing of Princess Hana bint Abdullah

AJMAN,17th June, 2023 (WAM) — H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and R

UAQ Ruler condoles King Salman over passing of Princess Hana bint Abdullah

UMM AL QAIWAIN, 17th June, 2023 (WAM) – H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Memb

SCG International Partnered with Hassan Allam Unlocks Growth Potential in South Asia, the Middle East, and Africa

BANGKOK, THAILAND – Media OutReach – 12 June 2023 – SCG International Corporation Co., Ltd. is embarking on a global business expansion, with a strategic entry into South Asia, the Middle East, and Africa (SAMEA) region. Establishing the Dubai Hub in the United Arab Emirates, serving as a central hub for sourcing and transporting goods across the region. Moreover, the company is actively preparing to establish a […]

Coface Country and Sector Risk Barometer – Q2 2023 Lost illusions and great expectations

HONG KONG SAR – Media OutReach – 13 June 2023 – The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers were expecting. The 1st half of the year has reinforced some of our convictions: no, inflation will not spontaneously and painlessly return to its 2% target in developed countries; no, central banks will not “pivot” between […]

UAE attends Second Ministerial Meeting of Arab League and Pacific Small Island Developing States

PIF unit signs deal with Al Hilal Club

Arabian Post Staff Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed a three-year official partnership agreement with the leading football champion, Al Hilal Saudi Club. Starting from the 2023/2024 season, the partnership includes mutual commercial and marketing rights between the two entities that will support both SEVEN’s future guests and Al Hilal FC fans. The partnership aligns with SEVEN’s […]

Weak demand overshadows OPEC cut

Matein Khalid Saudi Arabia’s unilateral 1 MBD output cut in Vienna last week did not trigger a credible rally in crude oil prices. Au contraire, Brent ended the week at $74.80 and West Texas a tad above $70, down 2%. Prince Abdulaziz’s warning to the oil bears to “watch out” has failed for the second time since April’s shock OPEC+ supply cut. It is obvious that both […]

PM’s US State Visit Is An Admission Of Growing Indo-US Strategic Partnership

By Nantoo Banerjee Notwithstanding the hype being built around Prime Minister Narendra Modi’s forthcoming official state visit to the United States, it would be wrong to expect any major economic benefit to India as a result of the trip. On top of the agenda are the strategic issues which concern both the US and India. […]

The post PM’s US State Visit Is An Admission Of Growing Indo-US Strategic Partnership first appeared on IPA Newspack.

A.S. Watson CEO Speaks about ‘Adaptive Change’ at Consumer Goods Business Global Summit in Kyoto

HONG KONG SAR – Media OutReach – 12 June 2023 – Experts participated in the plenary session, “The World is Changing, Consumers are Changing – We Need to Change Too” at The Consumer Goods Forum (CGF) Global Summit 2023 at Kyoto, Japan. Malina Ngai, Chief Executive Officer of A.S. Watson (Asia & Europe) joined panelists CGF Board Co-Chairs Frans Muller and Dirk Van de Put to address […]

Saudi Crown Prince’s Bid To Piggyride Ronaldo Popularity

By James M Dorsey Since arriving in Saudi Arabia five months ago, soccer superstar Ronaldo has scored 14 goals in 16 games for his new club, Al Nassr. Yet, more was needed for Al Nassr to win the Saudi championship or advance in the Saudi Cup. Even so, Ronaldo’s presence has helped improve the competitive […]

The post Saudi Crown Prince’s Bid To Piggyride Ronaldo Popularity first appeared on IPA Newspack.

Shakhboot bin Nahyan Al Nahyan attends United States and Gulf Cooperation Council Ministerial Meeting

HKUST professor and VC of $12 billion startups, appointed as visiting distinguished professor at KAUST

HONG KONG SAR – Media OutReach – 9 June 2023 – Hong Kong University of Science and Technology’s (HKUST) Professor of Electrical Computer and Engineering, Zexiang Li has been appointed as visiting distinguished professor at King Abdullah University of Science and Technology (KAUST) that will benefit immensely from his extensive experience and impact in robotics, education, innovation and entrepreneurship. According to Bloomberg, Professor Zexiang was one of […]

Election won, economy lost!

Matein Khalid President Erdoğan recalled his pro-markets ex-Wall Streeter Mehmet Şimşek as Finance Vizier and the head of MIT who negotiated his diplomatic rapprochement with Egypt, Israel, Saudi Arabia and the UAE as Foreign Minister but all hell has broken loose in the money markets of Istanbul as I write. The Turkish lira has plunged 7% this AM as state owned banks have stopped the dollar sales […]

China, GCC free trade agreement ‘soon’

Arabian Post Staff A Free Trade Agreement (FTA) between China and GCC could be a game changer to boost the region and galvanise Middle Eastern economic transformation, according to a former Lebanese minister. Although the deal is yet to be signed, there is a strong indication it will be finalised after China’s Foreign Minister Qin Gang requested for it to be done “as soon as possible” following […]

Friends of Sudan Group expresses deep concern about ongoing violence in Sudan

Oil Market Hinges On Possibility Of Saudi Production Cut Extension Beyond July

By K Raveendran The decision by OPEC+ to enforce no official cuts, and yet a voluntary cut by swing producer Saudi Arabia, has had only limited upside price pressure, but the long-term price development will hinge on macroeconomic sentiment and the possible extension of the voluntary Saudi Arabian production cut beyond July. After more than […]

The post Oil Market Hinges On Possibility Of Saudi Production Cut Extension Beyond July first appeared on IPA Newspack.

Saudi role as swing producer reinforced

Matein Khalid My muse is the Kingdom tonight – not the kingdom of heaven but the Kingdom of Saudi Arabia. Prince Abdulaziz reinforced Saudi Arabia’s role as the swing producer of OPEC+ at Vienna with a voluntary 1MBD output cut and his energy diplomacy gave UAE a 200,000 barrel a day quota increase. The impact on oil prices has not been dramatic as Brent is now $77 […]

GPSSA hosts annual seminar for Civil Retirement and Social Insurance Authorities in GCC

ABU DHABI, 5th June, 2023 (WAM) — Senior investment and pension experts from across the Gulf Cooper

UAE banks funding profile remains strong: S&P

Arabian Post Staff UAE banks are in a comfortable net external asset position and their loan to deposit ratios are among the strongest in the region, S&P said in a report on GCC banking. Banks have been accumulating local deposits over the past 15 months amid muted lending growth. S&P said it does not expect an acceleration of lending, so UAE banks’ funding profiles should continue to […]