Articles written by
arabian post staff

China, Others Grappling With Understanding Meaning Of Wagner Group Revolt

By James M Dorsey The sigh of relief in a swath of land stretching from China to Africa’s Atlantic coast was audible when Yevgeny Prigozhin, a Russian oligarch who heads the Wagner Group, a state-funded private military company, called off his mutiny against President Vladimir Putin’s military and security establishment. So were the concerns and […]

The post China, Others Grappling With Understanding Meaning Of Wagner Group Revolt first appeared on IPA Newspack.

Dubai Games Fest showcases Dubai spirit

Arabian Post Staff Dubai has marked the conclusion of the Dubai Esports and Games Festival (DEF 2023) and is celebrating record visitor numbers, with more than 26,000 people visiting the five day festival. The Vox Gaming Theatre engaged gamers during the Play Beyond tournament featuring beloved influencers in a Regional Team, composed of four influential gamers from the Middle East and including the charismatic team captain AboFlah […]

UAE world’s 4th largest greenfield investment recipient

Arabian Post Staff United Arab Emirates is the fourth largest recipient of greenfield projects in the world, according to the 2023 United Nations World Investment Report, which has just been released. The United States remained the largest host for announced greenfield projects and international project finance deals, followed by the United Kingdom, India, the United Arab Emirates and Germany for greenfield projects, and by India, the United […]

Emirates flies to Montreal daily

Arabian Post Staff Emirates has taken off to Montréal, marking the airline’s first passenger flight to Québec’s culture capital, its second gateway in Canada. Emirates flight EK243 departed with over 340 passengers, including a VIP delegation and media onboard at 0300hrs today.   The new daily service to Montréal complements Emirates’ seven weekly services to Toronto and takes the airline’s North American network to 14 destinations and […]

U.K. Tory Party Leaders’ Ties With Controversial Terror Funder Businessman Exposed

By Salah Uddin Shoaib Choudhury While evidence has emerged pointing to disturbing nexus between numerous politicians from the United States, United Kingdom and European Union as well as US President Joe Biden’s son Hunter Biden and an undesignated terrorist organization in Bangladesh, there is report about embattled MP from UK’s Tory Party, Bob Stewart, of […]

The post U.K. Tory Party Leaders’ Ties With Controversial Terror Funder Businessman Exposed first appeared on IPA Newspack.

True Gamers to open 9 new Dubai game spaces

Arabian Post Staff True Gamers, a worldwide network of eSports clubs, has partnered with UAE’s design company Baz Station Interiors, to open 9 new spaces soon in prime locations such as Dubai Mall, Blue Waters, and Jumeirah Beach Residence. True Gamers has partnered with Baz Station Interiors to develop mobile interiors that can be transported and installed in various locations. Furthermore, True Gamers is committed to innovation […]

India’s Indigo orders 500 Airbus A320s

Arabian Post Staff IndiGo, India’s largest airline by market share, has placed a firm order for 500 A320 Family aircraft, setting the record for the biggest single purchase agreement in the history of commercial aviation. The latest agreement takes the total number of Airbus aircraft on order by IndiGo to 1,330, establishing its position as the world’s biggest A320 Family customer. The historic purchase agreement was signed […]

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 […]

UAE is Middle East’s foremost wealth hub

Arabian Post Staff The UAE has emerged as the leading wealth hub in the Middle East, according to Henley & Partners, a global leader in residence and citizenship by investment. A net inflow of approximately 4,500 millionaires is expected in the UAE in 2023 — one of the highest on record. Pre-pandemic, the UAE traditionally saw net inflows of around 1,000 high-net-worths per year. Most incoming millionaires […]

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 […]

Dubai property transactions up 40%

Arabian Post Staff May saw a remarkable 40% increase in Dubai property sales transactions, totaling 11,621 and exceeding AED 33 billion in sales value, up 85% from May 2022 and 40% in comparison to April, according to a report by Allsopp & Allsopp. Secondary sales, particularly in villas and townhouses, generated 35% more sales value (AED 19 billion) compared to off-plan sales (AED 14 billion). The majority […]

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 […]

3 notches easier to set up business in UAE than Singapore

Arabian Post Staff UAE ranks three places ahead of Singapore in terms of least complex jurisdictions to set up and operate a business in the global business complexity index, published by TMF Group, a leading provider of compliance and administrative services. The UAE is at the 61th place while Singapore is placed at 58, which means setting up a business in the island nation is more complex […]

MAF Sukuk issues $500m trust certificates

Arabian Post Staff MAF Sukuk Ltd, a special purpose vehicle (SPV) issuer incorporated in the Cayman Islands, announced the successful issuance of $500 million trust certificates. The transaction was successfully completed on 1 June 2023 with Citigroup, HSBC and Standard Chartered Bank, acting as global coordinators and joint lead managers, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Abu Dhabi Bank as […]

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 […]

Dubai fourth most active market for luxury homes

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 […]

Emirates free hotel booking for transit passengers

Arabian Post Staff Emirates Airlines has announced a special promotion offering free hotel accommodations to passengers traveling to or stopping over in Dubai for a limited time. According to the airline’s statement, the booking period for this offer is available tillJune 11, 2023. Passengers who purchase a first-class or business-class return ticket with Emirates to Dubai, or have a stopover in the city, will be eligible for […]

Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections

By Satyaki Chakraborty Greece Prime Minister Kyriakos Mitsotakis won the national elections in Greece on Sunday comfortably after his New Democracy Party secured 40.79 per cent votes with 146 seats in the new Parliament consisting of 300 seats. The PM who played a role in the economic recovery of Greece in the last two years, […]

The post Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections first appeared on IPA Newspack.

Quad Is A US Led Security Alliance Aimed To Counter China In Asia-Pacific

By P. Sudhir The Quad, consisting of four countries, the United States, Japan, Australia and India is gradually taking the shape of a security alliance which was the intent of the original name of the grouping – the Quadrilateral Security Dialogue. The security angle was highlighted by the recent meeting of the military chiefs of […]

The post Quad Is A US Led Security Alliance Aimed To Counter China In Asia-Pacific first appeared on IPA Newspack.

Family Office opens DIFC office

Arabian Post Staff Wealth management firm The Family Office  announced the inauguration of its new office in the Dubai International Financial Centre, its third office in the GCC after Riyadh and Manama. The new office will offer a wide range of wealth management services, including financial planning, investment advice, advising on building customized portfolios in private equity, private debt, real estate, direct funds and more to Professional […]

World Bank projects strong UAE growth

Arabian Post Staff The World Bank has projected that the UAE non-oil sector will achieve strong growth of 4.8 percent in 2023, driven by robust domestic demand, particularly in tourism, real estate, construction, transportation, and manufacturing sectors. The bank also said GDP will grow by 2.8 percent. In a press conference held in Dubai to announce the new World Bank Gulf Economic Update (GEU) titled, “The Health […]

Abu Dhabi forms new events powerhouse

Arabian Post Staff Abu Dhabi Motorsports Management (ADMM) and Flash Entertainment (Flash) have officially integrated their activities and operations, combining the complementary expertise of the two entities to launch a new powerhouse that will shape the future of events, entertainment, and venue management throughout the Middle East and beyond. The company has been named ‘Ethara’ – meaning ‘thrill’ in Arabic – and launches today (May 15). Its […]

Dubai QI residential market surges

Arabian Post Staff Dubai’s residential market continues to experience an impressive upward trend, with values increasing by 5.6% in Q1 2023. This marks the 9th consecutive quarter of growth, driven by strong demand for luxury second homes and the city’s emergence as a global luxury hub, according to a Knight Frank report. Experiencing an average growth of 5.1% between January and March, reaching AED 1,450 psf. In […]

Another major Dubai crypto scam unearthed

Arabian Post Staff Thanks to several initiatives by the UAE government, the cryptocurrency industry has recorded exponential growth in the emirate. Dubai has been promoting itself as a global centre for crypto assets, leading to the establishment of the biggest crypto exchange platforms.  In April 2022, Bybit announced it was relocating its headquarters from Singapore to Dubai and crypto.com is creating a regional hub in Dubai. In […]