Arabian Post Staff Abu Dhabi Commercial Bank has signed an agreement to divest 80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties to Nine Yards Plus Holding, a real estate subsidiary of EIH Ethmar International Holding. The transaction values Abu Dhabi Commercial Properties at AED 591 million and the bank will register a gain of approximately AED 490 million subject to closing conditions […]
Arabian Post Staff The members of the , have selected Saudi Arabia’s Minister of Finance Mohammed Aljadaan will be the new Chair of the International Monetary and Financial Committee (IMFC), the policy advisory body of the Board of Governors of the International Monetary Fund (IMF). The term is for three years. Aljadaan will succeed Ms. Nadia Calviño, Spain’s First Vice President and Minister for Economic Affairs and […]
Arabian Post Staff UAE Banks Federation (UBF) has pledged to mobilise over AED 1 trillion, which represents more than US$ 270 billion, in sustainable finance by the year 2030. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation, announced the pledge at an event organised jointly by Central Bank of the UAE with the COP28 Presidency to support and facilitate global climate finance solutions and progress towards a sustainable […]
Arabian Post Staff Dubai International Financial Centre (DIFC) announced the launch of its Sustainable Finance Catalyst to mark COP28’s Finance Day. DIFC’s Sustainable Finance Catalyst, which will be part of COP28’s legacy, aims to unlock opportunities and create impact beyond the conference. Building on DIFC’s position as the first global sustainable finance hub in MEASA, DIFC’s Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai […]
Arabian Post Staff Abu Dhabi Future Energy Company Masdar has agreed to advance the development of 10GW of clean energy projects in Malaysia. The implementation roadmap, signed with the Malaysian Investment Development Authority (MIDA) to develop up to 10GW of renewable energy projects, including ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems, follows the signing of a memorandum of […]
By Arun Srivastava Narendra Modi bhakts are absolutely correct in saying “Modi hai to mumkin hai” (everything possible with Modi around). Elections to the Madhya Pradesh assembly were held on November 17, thirteen days ahead of the Telangana elections. During the intervening days, political analysts and even some of the pollsters predicted a clear victory […]
The post War Of Nerves Between BJP And Congress Day Before Election Results first appeared on Latest India news, analysis and reports on IPA Newspack.
Arabian Post Staff In a historic decision at the beginning of the 2023 United Nations Climate Change Conference in the United Arab Emirates, nearly 200 nations reached an agreement to establish a fund to assist countries grappling with the effects of global warming. The climate talks in Dubai come at a critical juncture as global emissions continue to surge. The UN announced on Thursday that 2023 is […]
Arabian Post Staff The OPEC Fund will sign partnership agreements with the International Atomic Energy Agency (IAEA) and the International Renewable Energy Agency (IRENA), as well as supporting new initiatives launched in cooperation with the Asian Development Bank (ADB) and the World Food Programme (WFP) to address the interlinked challenges of climate change and food security in developing countries. The OPEC Fund will also meet with leaders […]
Arabian Post Staff Integrated healthcare provider Aster announced its board has approved the separation of Aster’s India and GCC businesses, subject to regulatory and corporate approvals including Aster India’s shareholders’ approval. The separation plan will unlock value for the shareholders by allowing both the India and GCC businesses to adopt a market-focused strategy and create sustained long-term growth. Under the separation plan, a consortium led by Fajr […]
Arabian Post Staff Dubai Future Forum 2023, organised by the Dubai Future Foundation, convened around 2,500 people to address some of the worlds’ greatest challenges and opportunities at the Museum of the Future. More than 150 experts in future foresight shared their insights on the near and far future across 70 sessions, keynotes, and workshops. Speakers shared their predictions in spheres including space, sustainability, the environment, energy, […]
Arabian Post Staff Investment Corporation of Dubai (ICD) announced record revenues of AED 145.1 billion and net profit of AED 28.3 billion in its consolidated financial results for the six-month period ended 30 June 2023. Revenues reached a record AED 145.1 billion, up 20 per cent with an increase of AED 24.0 billion compared to the prior year period, due to the significant rise in travel and […]
By Anjan Roy Sam Altman has become globally known overnight not because of what he had achieved already, which was seminal, but because he was summarily sacked by the board of directors of the startup firm he had established. Sam Altman had become a legend at his young age for his role in developing software […]
The post Why Sacking Of A Single Man Is Rocking The Global Big Tech Operations? first appeared on Latest India news, analysis and reports on IPA Newspack.
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Arabian Post Staff Regional ports and terminals operator Gulftainer announced that it has extended its concession agreements with the Sharjah Ports, Customs and Free Zones Authority for a further 35 years, which reinforces the shared mission to transforming UAE’s supply chain and logistics industry throughout the Northern Emirates’ key trade gateways at Sharjah Container Terminal and Khorfakkan Container Terminal. The extended agreements allow Gulftainer to manage, operate […]
By Dr. Gyan Pathak India railways has just announced that it aims to achieve zero waiting list for confirmed tickets by 2027, but only after pictures of overcrowded platforms and trains across India surfaced last week in which several fell unconscious due to suffocation and at least one passenger died. Many passengers having confirmed tickets […]
The post Zero Waiting List For Indian Railways Passengers Is Just A Lollipop first appeared on Latest India news, analysis and reports on IPA Newspack.
Arabian Post Staff Propelled by strong growth throughout the first three quarters of the year and anticipation of an exceptional surge in guest numbers in the final quarter, Dubai Airports is forecasting annual passenger traffic at Dubai International (DXB) to reach 86.8 million – surpassing 2019 traffic. DXB commenced the second half of 2023 with its growth story continuing unabated, with average monthly traffic reaching 7.6 million, […]
Arabian Post Staff Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, unveiled revised growth targets that will see the group accelerate the development of new power and water generation assets. Building upon its 2021 growth strategy, the revised growth targets see Taqa aiming for 150 gigawatts (GW) of gross power generation by 2030, up from […]
Arabian Post Staff The first Emirates flights operating with sustainable aviation fuel (SAF) provided by Shell Aviation have taken off from Dubai International Airport (DXB). Emirates’ flight EK 412 bound for Sydney on 24 October was among the first to operate with SAF. Shell has supplied 315,000 gallons of blended SAF for use at the airline’s hub in Dubai. This first ever supply of SAF to Emirates in Dubai […]
Arabian Post Staff Beyond the catastrophic loss of life and costly damage to infrastructure, the war between Israel and Hamas will have repercussions for other economies in the Middle East and North Africa (MENA), Standard & Poor’s said in a report. Focusing on the tourism sector, S&P says Lebanon, Egypt, and Jordan could suffer the most, hampering real GDP growth and weakening their external positions, although this […]
By Girish Linganna China’s position on the Gaza conflict has left Israel disappointed. As Israeli forces have carried out airstrikes and ground operations in response to Hamas’ early October attack, Beijing has consistently accused Israel of exceeding the bounds of self-defence in its retaliation. Furthermore, China vetoed a U.S.-led United Nations resolution that reaffirmed the […]
The post China-Israel Relations Are Changing Substantially In The Wake Of Gaza War first appeared on Latest India news, analysis and reports on IPA Newspack.
Arabian Post Staff Dubal Extrusion Investment (DEI), a company under Dubai Holding, has completed the acquisition of Thermalex Inc – an aluminium extrusion company specialized in aluminium multiport extruded tube (MPE) located in Montgomery, Alabama, USA. The acquisition comes as a response to the growing demand for DEIs products to Automotive, HVAC & and other commercial products. Following the acquisition of Thermalex Inc. alongside its sister company […]
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Arabian Post Staff Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four Memorandums of Understanding (MoUs) to enhance the emirate’s digital ecosystem. The agreements with Mastercard, RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus were inked during the Dubai Business Forum, an influential global gathering of businesses and investors held from 1-2 November at Madinat […]
Arabian Post Staff Virgin Atlantic’s returned to Dubai International Airport (DXB) for the first time since March 2019. The UK-based airline re-commenced its flights from London Heathrow Airport (LHR) on 30 October, with a four-weekly service to cater for the popular winter travel season, operating a Boeing 787-9 aircraft. Dnata will deliver a range of ramp and passenger services for the airline and its passengers at the […]
By Dr. Gyan Pathak Deceleration in India’s manufacturing sector growth was the worst in the last eight months since February this year, reflecting fading of output, demand, and employment generation in the country. It is particularly ominous, since it’s a festive season and the first month of the busy second-half of the India economy when […]
The post Festive October Witnessed Fading Output, Demand, Employment first appeared on Latest India news, analysis and reports on IPA Newspack.
Arabian Post Staff Fortune 500 Arabia, the list that ranks the 500 largest corporations in the Arab region according to their annual revenues, reveals that the UAE is home to the headquarters of 87 Fortune 500 Arabia companies, marking approximately 17% of the list, generating a total of USD 254.87 billion in 2022. This ranks the UAE second after Saudi Arabia, whose 153 companies generated USD 813.33 […]
