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Partnership to build core business systems to accelerate the digital shift for customers   TOKYO, JAPAN – Media OutReach – 27 July 2020 – Infor/Infor Japan K.K. and Nippon Systemware Co., Ltd. (NSW; Headquarter: Shibuya-ku, Tokyo; President and Chief Executive Officer: Shoji Tada) today announced the provision of Infor CloudSuite Industrial, Infor’s enterprise resource planning (ERP) package for the manufacturing industry in a newly-inked partner agreement to help Japanese customers accelerate their […]

Arabian Post Staff Etihad Airways has signed agreements with Boeing Global Services for the provision of maintenance support on its fleet of Boeing 787s.  These agreements are part of the strategic partnership between Etihad and Boeing signed in November 2019, in line with Etihad’s ongoing commitment to achieve excellence in all aspects of operational reliability, maintenance, and on-board experience.  Key to the agreements is a Component Services […]

HONG KONG, CHINA – Media OutReach – 21 July 2020 – Following the launch of its first solar rooftop solution, M+ by PETRONAS last year, PETRONAS New Energy is now set to grow in the domestic renewable energy space with its first commercial customer, Tesco Stores (Malaysia) Sdn Bhd (Tesco). In delivering its commitment to Tesco, PETRONAS New Energy has collaborated with NEFIN Group, a regional renowned bespoke solar […]

Tesco and NESS sign Malaysia’s largest commercial solar Power Purchase Agreement   HONG KONG, CHINA – Media OutReach – 14 July 2020 – Tesco Stores (Malaysia) Sdn Bhd (Tesco) and NE Suria Satu Sdn Bhd (NESS), a joint-venture company of PETRONAS and NEFIN Group, have entered into the largest long-term Power Purchase Agreement (PPA) (Tesco-NESS PPA) for solar energy in Malaysia. The first phase of the Tesco-NESS PPA will see […]

HANOI, VIETNAM – Media OutReach – July 11, 2020 – On July 10, 2020, VinGroup fulfilled its obligations to deliver ventilators to Singapore, Russia and Ukraine. This included invasive ventilators called Vsmart VFS-510 that VinGroup produced for non-profit purpose to aid COVID-19 treatment in many countries. Thanks to the countries’ embassies to Vietnam, Vingroup initially gave 500 VFS-510 ventilators to Russia and 300 VFS-510 devices to Ukraine. Now a […]

By James M. Dorsey A Turkish-US business council is projecting Turkey as a trading alternative to China with the help of influential US Republican Senator Lindsey Graham, a close associate of President Donald J. Trump. The Turkish effort comes two weeks after President Recep Tayyip Erdogan heralded a new era in long-strained relations with Washington. Mr. Graham’s agreement to participate in a webinar organized by the Turkey American Business […]

Arabian Post Staff  The United Arab Emirates moved up two points to 19th rank globally in the 2020 Kearney Foreign Direct Investment (FDI) Confidence Index, up from 21st place when it was last represented in the index in 2017. The country’s ranking reflects positive investor sentiment based on the government’s strong commitment to economic diversification, innovation, infrastructure and ease of doing business – among other factors. Positive government […]

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By M A Hossain Last couple of weeks, North Korea was showing an aggressive attitudes towards South Korea and finally on 16 June 2020. North blew up a liaison office set up as symbolic wage on South in Kaesong. Needless to say, this is a provocative activity to create pressure only on Mr. Moon Jae-in, who is betting on Trump-Kim negotiations where sanctions on North Korea will […]

– Asian Investors To Reap Returns on 2 Exits   SINGAPORE – Media OutReach – 17 June 2020 – The Walton Group of Companies (“Walton”) continues to implement its strategy of accelerating exit activity for the benefit of its investors, and investors are now seeing the results. Walton’s strategy allows a homebuilder to acquire land in phases with the bulk of land payments deferred to the timing of home […]

By James M. Dorsey Europe is progressively being sucked into the Middle East and North Africa’s myriad conflicts. As if wars on its doorstep in Libya and Syria were not enough, UAE support for an Eastern Mediterranean pipeline that could hurt Qatar economically — combined with Greek, Cypriot and French opposition to Turkish moves — leaves Europe with few, if any, options but to get involved. Europe’s […]

Arabian Post Staff UAE Minister of State for Foreign Affairs Anwar Mohammed Gargash, in a historic public appearance by a senior Arab government official before a global Jewish organization, today addressed the American Jewish Committee (AJC) Virtual Global Forum. Gargash and other senior UAE officials have welcomed AJC delegations on regular visits to the Gulf state for more than 20 years. “AJC has been a quite remarkable […]

By Glyn Yates The upheavals caused by the Coronavirus crisis show us what the future of work could look like and how important digitalization is. This also applies to the HR department. Over the past few weeks, many HR departments have experienced what it is like to do their tasks completely remotely. This quickly shows where the opportunities of digitalization for HR are, as well as where […]

DP World, with a global network of 123 business units in 54 countries, has announced the completion of its acquisition of a 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities. This project will be DP World’s second partnership with TIS shareholders, the first being our very successful […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 June 2020 – Secondlifeasia, a game-changer in the Apple device repair and maintenance sector today announced it is geared to launch its first round of funding this year via PitchIN (Pitch Platforms Sdn Bhd) . Founded in February 2018, the company boasts exclusivity by being the only player that possesses an Apple diagnostic app to analyse 34 critical points on your […]

Residential Sale & Purchase Agreements in May rose to 5,984, the highest level in the past year Prices at representative estates are down by around 0.5%-10.8% year-to-date With 19 major deals, the property investment market has not rebounded yet in Q2 as buyers and vendors remain on the sidelines amid the continuous uncertainties.  HONG KONG, CHINA – Media OutReach – 9 June 2020 – As the local coronavirus outbreak gradually […]

Government policies on climate change and consumer demand could see the number of electric cars reach 100 million by start of next decade compared with seven million today. China is the world’s largest market for electric vehicles in total, accounting for around 45%, while a quarter (24%) are in Europe and 22% in the US. In Asia – China, Japan and India to drive future sales. New […]

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 […]

Emirates Airline reported a 21 percent jump in profit to US$288 million (Dh1.1 billion) in 2019-2020 financial year ending March 31, 2020, compared to $245 million (Dh900 million) reported in 2018-19 financial year, despite the effects of Covid-19 that grounded its fleet in the 12th month of the reporting period. The airline reported strong profit growth despite a 6 percent decline in revenue to $25.1 billion (Dh92 billion), […]

The issue of gambling has reared its head more than once in Dubai in recent years, as the city looks to lure more and more sports and entertainment events. With big-name sports contests come big-name gambling sponsors, and with that comes a problem. Gambling remains illegal in Dubai just as it remains illegal in every other part of the United Arab Emirates and – despite some suggestions […]

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 […]

Arabian Post Staff While the new low oil prices will test Saudi fiscal balances, they have the lowest cost barrels and with low debt can pull on sovereign reserves and take the pain, according to Chris Midgley, head of global analytics, S&P Global Platts. Crude fell sharply on Friday to test $45/bbl on the back of the failed talks and we now expect if to fall sharply as […]

Arabian Post Staff The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Energy consultancy Rystad Energy now expects more than half of global oil demand growth to be lost in 2020. As global stocks increase by the day, the ongoing OPEC+ meeting is unlikely to result in cuts sufficient enough to balance the market, under all of our scenarios. The […]

Arabian Post Staff DP World has decided to delist its shares from Nasdaq Dubai citing better operational efficiency as a private entity. Accordingly, DP World’s  parent company Port and Free Zone World has offered to acquire the 19.55 per cent of DP World’s shares traded on Nasdaq Dubai, returning the company to private ownership. The company said the move will enable DP World to focus on its […]

Arabian Post Staff DMCC  announced its strategic partnership with CV VC and CV Labs, to launch Crypto Valley – the world’s largest ecosystem for cryptographic, blockchain and distributed ledger technologies – in Dubai. Designed to foster growth, collaboration and integrity across the global blockchain economy, the ‘DMCC Crypto Valley’ will offer a variety of services including incubation for early-stage start-ups, co-working facilities, innovation services for corporate clients, blockchain and […]

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