logo

Articles written by
arabian post staff

Featured

|By Arabian Post Staff|Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Bloomberg reported quoting Energy Minister Khalid Al-Falih. The country, the world’s largest oil-producing nation, eventually will have a shipping fleet that will match its oil capabilities, Al-Falih said in Riyadh. Saudi Arabian Oil Co., or Aramco, will need more tankers to meet global […]

AutoMotiv

We look forward to the weekends when we can showcase yet another book in this series. There is always something new to learn about cars. It never ceases to amaze me how much automotive history is actually out there. Porsche is one of the brands I am learning more about and Randy Leffingwell’s Porsche Turbo has proven insightful. High Performance History The book follows Porsche and their turbocharging prowess, with […]

What's On

Pivotal, the developer of the Cloud Foundry open source cloud development platform, is teaming up with Canonical, the company behind the popular Ubuntu Linux distribution. Announced today, the partnership means that Ubuntu is now the preferred operating system for Cloud Foundry. Cloud Foundry was originally developed by VMware and is now owned by Pivotal Software, a joint venture by EMC, VMware and General Electric. Canonical and Pivotal […]

Featured

|By Arabian Post Staff|The coordinated militant attack on the eve of Eid is the biggest challenge yet to Saudi Arabia’s internal security since it crushed an al-Qaeda insurgency a decade ago, according to Bloomberg. With no claims of responsibility, suspicion has fallen on Islamic State, which has vowed to overthrow Gulf rulers they see as betraying Islam. One of the bombings on Monday, near the Prophet’s Mosque […]

ADVERTISEMENT
Middle East

TEHRAN — Iran’s supreme leader, in an unexpected move, replaced the general in charge of the Iranian armed forces on Tuesday with the general’s deputy, a member of the Islamic Revolutionary Guards Corps. The replaced general, Hassan Firouzabadi, had held the position of chief of staff since 1989 and is known to have been a confidant of both the supreme leader, Ayatollah Ali Khamenei, and President Hassan […]

Featured

|By Arabian Post Staff| A fall in the value of UK pound will adversely affect the demand of Dubai property emanating from UK nationals. Additionally, the weaker currency is expected to adversely impact tourism as well, given that British and European national are one of the top tourists in Dubai, Global Ivestment House said In a report on the GCC impact of the Brexit decision. When the […]

Newsfeed

Rare Quran manuscripts, paintings and number plates auctioned to raise funds for Reading Nation campaign A priceless collection of historic manuscripts and artifacts is being auctioned at Madinat Jumeirah, Dubai to raise funds for the ongoing Reading Nation Ramadan campaign. Here’s our coverage of the event as it happened. (Inputs from Mary Achkhanian, Staff reporter) Campaign collects Dh40 million The charity auction held for Reading Nation campaign launched by […]

Advertisements
ADVERTISEMENT
Middle East

BAGHDAD — Long before Falluja was known the world over for deadly jihadists, it was known all over Iraq for its kebab — fatty lamb, ground and mixed with onion, grilled on a skewer over an open fire and served with a pinch of sumac — at a joint called Haji Hussein. Everyone, it seemed, ate at Haji Hussein: locals, soldiers, tourists and businessmen traveling the Baghdad-to-Amman […]

Featured

|By Arabian Post Staff|Malaysia’s state-owned oil corporation and Saudi Arabian Oil Co. are asking banks for proposals to finance about $7 billion for a planned refinery and a petrochemical complex in the Southeast Asian nation, Bloomberg reported. The lenders would provide financing for the two projects worth a total of $12 billion to be constructed by Petroliam Nasional Bhd. and Saudi Aramco under a memorandum of understanding that […]

Featured

}By Arabian Post Staff| Iran plans to set up its own financial center as it seeks to attract global financial institutions, Bloomberg reported. Chinese and Russian banks are seeking to set up representative offices in the area, Farhad Taghizadeh-Hesary, senior adviser to the Qeshm Investment and Development Co., was quoted as sayig in an interview. One of Japan’s largest banks is also negotiating with officials on establishing a […]

ADVERTISEMENT
Featured

|By Arabian Post Staff|The Saudi Arabia Monetary Agency has written to banks instructing them not to under-report Saudi Interbank Offered Rate they’re actually lending at, Bloomberg reported. The decision came after some banks were seen conducting business at higher rates than were quoted, indicating some submissions were below the real market, according to two of the people.  SAMA is exerting greater control over Saudi Arabia’s banking sector as […]

Featured, India Takes

|By Arabian Post Staff| The Dubai Gold & Commodities Exchange (DGCX) witnessed a strong upswing across various segments, which has been attributed to the uncertainty over Britain’s exit from the European Union and also a possible interest rate hike by the Fed in June. The Exchange witnessed the upswing across precious metals, hydrocarbon and equities segments, trading an aggregate of 1.5Mn contracts in May, growing 55% from […]

Middle East

1. What is Ramadan? Ramadan is the ninth month in the Islamic (Hijri) calendar. It is the most holy month in the calendar for Muslims as it is believed the Quran was revealed to Prophet Mohammed during Ramadan. During this month, Muslims do not consume any food or liquid between fajr and maghrib prayers (at dawn and sunset), not even water. You can check the exact prayer […]

Featured

|By Arabian Post Staff| DP World’s new $1.2 billion 7-year sukuk received strong investor interest and was two times oversubscribed receiving more than $2 billion in bids, the company announced. The new sukuk was priced at a fixed coupon rate of 3.91% maturing in 2023, replacing over $1.1bn of the 2017 6.25% coupon sukuk. The new sukuk issue followed DP World’s successful refinancing of over $1.1 billion […]

ADVERTISEMENT
Featured

|Arabian Post Staff| Banks in Saudi Arabia are coming under fresh pressure over products that allow speculators to bet against the kingdom’s currency peg, Bloomberg reports quoting people with knowledge of the matter. Bloomberg said the Saudi Arabia Monetary Agency has asked lenders to explain why they are offering dollar-riyal forward structured products to customers less than four months after the regulator banned options contracts that let […]

Newsfeed

Sources tell Gulf News media reports have exaggerated the reasons behind the lay-offs Dubai: The Saudi-owned pan-Arab Al Arabiya has fired dozens of employees in a restructuring move. Saudi Akhbaar24 broke the story claiming fifty employees had been let go, among them some well-known and long-serving staffers. A trusted source, speaking on condition of anonymity, confirmed the news to Gulf News but […]

Featured

|By Arabian Post Staff| The overall tourism spend by visitors to the UAE declined by 6% in the first quarter of 2016, according to a report on consumer card spends by Network International, the leading payment solutions provider in the MENA region. Due to a continuous appreciation in the US Dollar along with a bullish global economic outlook and a fall in the prices of crude oil, […]

ADVERTISEMENT
Featured, India Takes

|By Arabian Post Staff| Emirates Islamic announced the successful closure of its US$ 750 million 5-year Sukuk from its US$ 2.5 billion Certificate Issuance Programme. The issue, which will be listed on NASDAQ Dubai and the Irish Stock Exchange, received overwhelming investor interest from across the globe and marked the Bank’s return to the international debt capital markets after a period of four years. In September 2015, […]

Featured

|By Arabian Post Staff| Dubai’s government owned property developer Limitless  will make an early payment of 2.07 billion dirhams ($564 million) to banks and trade creditors after reaching a second debt restructuring deal with them, Bloomberg reported. The company will pay 1.9 billion dirhams to banks this month, covering 43 percent of the outstanding loan amount, Limitless said in an e-mailed statement on Thursday. It will pay 163 million […]

What's On

Despite the plethora of graphic design tools available to organizations, creating good visual content is often a labor-intensive process requiring many hours of work by highly trained professionals. A new suite of software by Adobe, however, is hoping to change that. The platform, called Adobe Spark, is designed to help non-professional designers create their own visual content. Besides being a fun tool for students and individuals, the […]

Featured

|By Arabian Post Staff| Saudi Arabia ranks among the top dozen foreign holders of U.S. debt, the Treasury Department disclosed, breaking its silence on the issue for the past four decades. “The stockpile of the world’s biggest oil exporter stood at $116.8 billion as of March, down almost 6 percent from a record in January, according to data the Treasury disclosed Monday in response to a Freedom-of-Information […]

Banking & Finance

|By Arabian Post Staff| Emirates Islamic and French financial institution Natixis announced the completion of a US$50 million Collateralised Murabaha deal on the Nasdaq Dubai Murabaha Platform. It is the largest collateralised Murabaha transaction closed by Emirates Islamic this year, and the first of its kind executed on the Nasdaq Dubai Murabaha Platform. A joint initiative between Nasdaq Dubai and Emirates Islamic, Nasdaq Dubai’s Murabaha platform provides […]

Featured

|By Arabian Post Staff| Dubai ports operator DP World Ltd. has selected more than a dozen banks for its sale of Islamic bonds in a deal that may be announced as early as Monday, Bloomberg reported quoting two people familiar with the issue. A benchmark-sized issue usually raises at least $500 million. The agency said 15 lenders have been hired for the offering of dollar-denominated, benchmark-sized securities, said […]

Featured

|By Arabian Post Staff|The heads of governments of two tax havens, under spotlight for disclosures of corruption and black money, advised major world players including the US to set their own houses in order before bullying small territories  like theirs. Addressing an anti-corruption summit in London on Thursday, Allan Bell, chief minister of the Isle of Man, and Cayman Islands Premier Alden McLaughlin called on the U.S. and […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Social Media Auto Publish Powered By : XYZScripts.com
Just in:
Narendra Modi Has A Golden Opportunity To Lead Global South At BRICS Summit // Vinhomes Advances Two ESG++ Mega-Projects, Shaping Sustainable Urban Development From North To South Vietnam // Aldar unveils Dh100bn Saadiyat waterfront district // Forget stocks, new tariff shock hits currencies, bonds hardest // GitHub workflows weaponised to raid hosting servers // Wildfires drive mass evacuations across France and Spain // Google introduces selfie videos for account recovery // US startups resist curbs on Chinese AI models // Iran-linked hackers widen attacks on US industrial controls // ADGM tightens rules for sales promotions // US tariff blow reshapes Brazil trade ties // Trump ties Saudi nuclear pact to Israel relations // Dangote Cement favours London for faster share sale // What Iran war means for global bond market // Notepad++ plugin trick delivers new malware loaders // Modi posts on Sarnath after Pradhan resignation // Abu Dhabi Festival unveils expansive 2026 programme // Clarity Act speculation raises crypto sell-off fears // Modi pivots to Reels as student anger grows // Houthi oil strikes test fragile US-Iran pause //