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Bank announces new Client Experience & Conduct Group within organizational structure   DUBAI, UAE – EQS Newswire – 1 September 2020 – Mashreq, one of the leading financial institutions in the UAE, has appointed Rania Nerhal as its Chief Client Experience & Conduct Officer. Rania will be leading the bank’s newly formed Client Experience & Conduct Group (CXCG). The new division will be responsible for enhancing the bank’s client experience strategy. It will […]

If the announcement of the normalization agreement between the UAE and Israel this month caught almost everyone by surprise, then the quick progression of relations between the two countries is a

RIYADH: The Royal Commission of Yanbu has signed an agreement with the UAE-based retailer Lulu Group to jointly develop a shopping mall in the port city of Yanbu. The project, worth SR300 million

As we celebrate the sixth Emirati Women’s Day, it is evident that the year 2020 has been exceptional. Some of the many remarkable plans the UAE had intended for this year included the launch of the Mars mission in July, the commissioning of the first nuclear energy plant in the Middle East in Abu Dhabi shortly thereafter, and the inauguration of Expo 2020 Dubai – the largest […]

COUNTRY LATEST UPDATES Saudi Arabia                Covid-19 pandemic latest: Total confirmed cases: 301,323 Recoveries: 272,911 Deaths: 3,470 Actions to slow the spread of Covid-19: 3 August: Pilgrims returning from Hajj must quarantine for 14 days and will be monitored using electronic bands to ensure compliance.  28 July: Health Ministry to assign a health leader for every 50 pilgrims at this year’s scaled-back […]

DUBAI: Israel’s Mossad spy agency chief Yossi Cohen visited the UAE for security talks on Tuesday, only days after the countries agreed to establish diplomatic ties. The head of Israel’s foreign

Expo 2020’s global innovation and partnership programme has announced the provision of additional support to innovators from around the world facing financial hardship as a direct result of the global pandemic Expo Live has set aside AED3.7 million (US$1 million) in an Emergency Relief Fund, ERF, to support innovators from its global innovation and impact grant programme who are facing immediate financial hardship because of the ongoing […]

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The Netherlands plans to share innovations in the water, energy and food sectors at Expo 2020 Dubai Sustainability developments in recent years have increasingly focused on water, energy and food. The UN’s Food and Agriculture Organisation has noted how water, energy and food security are heavily interdependent – a concept described as the water-energy-food (WEF) nexus. Gulf countries face complex challenges when it comes to meeting the growing […]

DUBAI, UAE – EQS Newswire – 27 July 2020 – Mashreq, one of the leading financial institutions in the UAE, has recently appointed James Pearson as the Head of Financial Institutions (FI) and Non-Banking Financial Institutions (NBFI), part of the bank’s Corporate and Investment Banking Group (CIBG).   Download Image: https://bit.ly/39u3rZ1   James possesses over 30 years’ experience in corporate and investment banking and has worked extensively […]

Arabian Post Staff The IMF has praised the UAE authorities for reacting very quickly and swiftly in addressing the spreading of the coronavirus, and the pioneer measures in terms of controlling the spreading, increasing the number of testing, and introducing technology as a way and mean to address and to contain the spreading of the virus. It pointed out that the UAE economy is the second largest […]

With A No-Nonsense Message HH Sheikh Mohammed Inaugurates 7 New RTA Metro Stations In Dubai “This is Dubai, we say what we do, and do what we say.” With this tweet HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, integrated seven new Dubai RTA Metro stations to the world and the people of Dubai on Wednesday, July 8. […]

Dubai’s Route 2020 Project, designed to extend Dubai Metro an additional 15km from Jebel Ali to the Expo 2020 year. site, has been inaugurated by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and will officially open to the public in September, connecting communities with a combined population of around 270,000. أعلنا قبل 47 شهراً […]

The Caribbean island of Grenada has opened a Consulate in Dubai, United Arab Emirates, to further develop economic, cultural and scientific ties between the two countries. The Consul General said she was delighted to be opening Grenada’s first Consulate in the Middle East. “It is a pleasure to be representing Grenada in the UAE,” said Rose-Ann Benjamin, Grenada’s Consul General. “I’d like to thank the Government of […]

by James M. Dorsey The Middle East is at a crossroads. The coronavirus pandemic and its economic fallout confronts regional leaders with a stark choice: dial down tensions to open the door toward cooperation in tackling existential challenges or risk ever more aggravated political and economic threats enhanced by a potential wave of social protest. A second wave of the coronavirus pandemic is raising its ugly head. […]

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 […]

As we all know, Covid-19 and the effect it is having on the world has been substantial. With several cancellations and travel bans to locations all over the world, there are plenty of changes being made. With changes to sporting events as well as the postponement of a number of major events in the UAE and internationally, there are many wondering how Covid-19 can continue to affect not […]

By Matein Khalid I had published an article expressing my shock at the abysmal corporate governance and financial disclosure at NMC Healthcare, the London listed UAE’s largest private operator of healthcare clinics and hospitals. NMC Healthcare shares were at 1816 pence on the LSE when I published my article in the Gulf and UK financial press on 30 December 2019. NMC Healthcare has now plunged to 775 […]

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 James M. Dorsey Disclosures of taped phone calls between embattled former prime minister Najib Razak and a person believed to be United Arab Emirate crown prince Mohammed bin Zayed go a long way to explain Malaysian efforts to counter UAE and Saudi influence in the Muslim world. The disclosures are the latest incident in what have been complex, if not strained relations with the UAE and Saudi Arabia […]

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 […]

Whilst the forex market is renowned for its liquidity and volatility, it’s fair to say that some currencies offer a far greater degree of stability than others. Take the U.S. Dollar (USD), for example, which features as part of 84% of all currency trades and accounts for an estimated 38% of the world’s debt. The USD has also performed well of late, having strengthened to a 12-year […]

By Hassan Ali Mansoor A noticeable trend around the world these days are media reports that paint a gloomy picture of the global economy.  A particular focus of economists has been global banks and financial institutions.  These reports claim that some banks have invested in risky portfolios that expose their customers to unnecessary risks.  The precarious financial condition of Deutsche Bank, Germany, is quoted as an example […]

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 […]

By Saifur Rahman The oil-rich Gulf countries have started to introduce permanent residency to wealthy foreigners in order to retain the existing businesses and attract more foreign investors to support the economic growth. Within days after Saudi Arabia announcing a ‘Green Card’ scheme for wealthy foreigners, the UAE on Tuesday announced a similar package – Golden Card – to retain the super-rich expatriates and attract more. Vice […]

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