logo
Just in:
Appier revolutionizes the beauty industry: Harnessing GenAI to Craft Targeted Content for Mother’s Day // Musk Calls for Interactive Learning, Not Static Lectures // Passenger Drones Take Off in Historic Trials // What Is Level 1 Helpdesk Support? What To Expect When Getting One // Vestaboard’s Mechanical Message Boards Offer Analog Charm in a Digital World // Dubai’s Maktoum airport move is a bold statement // Singapore’s QCP Capital Lands Regulatory Approval in Abu Dhabi // Syngenta extends leadership in fungicides with ADEPIDYN® technology // eftPay participates in Retail Asia Expo, Comprehensively expanding services in e-payment and smart mobility // Tatarstan and UAE Deepen Bonds in Education and Technology // Aleyda Mobile Spa Launches Project MIM: Empowering Migrant Workers to Overcome Musculoskeletal Pain // How Much Do Managed IT Services Cost? Are They Worth It? // Binance Under Fire for Alleged Inaction on DWF Manipulation // Hong Kong Acts as Bridge for Chinese Businesses Entering Gulf Market // Minister Touts Culture Shift for Employee Creativity and Performance // Trend Micro Expands AI-powered Cybersecurity Platform to Combat Accidental AI Misuse and External Abuse // The Inaugural Money20/20 Asia in Bangkok Concludes Three Days of Incredible Fintech Conversations, Networking, and Industry Deal Making // Angolan, Emirati Chambers Forge Alliance to Bolster Tourism Ties // Arab Development Fund Strengthens Partnerships at Key Dialogue // Russian Design Forum in Dubai a hit //

arabian post staff

Featured

 Arabian Post Staff Swvl Inc., a Dubai-based provider of transformative mass transit and shared mobility solutions, announced that several investors, including Agility and Chimera Abu Dhabi, have completed the pre-funding of $35.5 million of the aggregate PIPE subscription raised in connection with the Company’s proposed business combination with Queens Gambit Growth Capital (NASDAQ: GMBT). Swvl is executing a comprehensive growth strategy with the goal of realizing approximately […]

Featured

Arabian Post Staff Emaar Malls recorded an increase in net profit by 80 per cent to AED 622 million (US$ 169 million) during the first six months (January to June) of 2021, compared to a net profit of AED 345 million (US$ 94 million), during the same period in 2020. Revenue for H1 2021 amounted to AED 2.048 billion (US$ 558 million), an increase of 23 per […]

Featured

Arabian Post Staff Anghami Inc,  the music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisition Company Inc., a publicly traded special purpose acquisition company led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, announced they have sought regulatory approval for their proposed business combination. The business combination is subject to customary closing conditions, including the approval […]

Featured

Arabian Post Staff Lucid Group, which is setting new standards for sustainable mobility with its advanced luxury EVs, today became a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock and public warrants listed under the new ticker symbols “LCID” and “LCIDW,” respectively. Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined […]

ADVERTISEMENT
Featured

Arabian Post Staff Trump’s former inaugural chairman Tom Barrack has been indicted for illegally promoting the interests of UAE by building a backchannel to senior US officials, US media reports said. According to Bloomberg, Barrack and two of his associates were charged with failing to register as foreign agents for work they allegedly did to promote the United Arab Emirates’ foreign policy interests and increase its political […]

What's On

Arabian Post Staff Pirelli has launched a new type of tyre dedicated primarily to electric or hybrid cars and SUVs. Made to support the weight of new vehicles equipped with batteries, the tyre is perfect for heavier vehicles, such as electric cars.  It is designed to provide low rolling resistance as well as a high level of driving comfort. The new tyre features the HL (high load) […]

Companies

Arabian Post Staff CARS24, one of the world’s fastest-growing e-commerce platforms for pre-owned vehicles, has  entered the UAE. The company has invested heavily on its technology framework and has become one of the first companies in the UAE to provide a seamless car buying experience entirely online. A customer can browse through thousands of cars, identify and book their favourite car, complete the full payment and documentation […]

Advertisements
ADVERTISEMENT
Featured

Arabian Post Staff The Armenian National Interests Fund (ANIF) and  Sharjah’s low cost carrier Air Arabia announced the signing of an agreement to launch Armenia’s new national airline. The agreement will see the establishment of an independent joint venture company that will operate as a low-cost passenger airline with Yerevan’s Zvartnots International Airport (EVN) as its base. The announcement was made following a signing ceremony and a […]

Featured

Arabian Post Staff The Dubai Financial Services Authority (DFSA) has published a Decision Notice against  Ashish Bhrugu Dave , a former Chief Financial Officer (CFO) of the Abraaj Group, imposing a penalty of USD 1,700,000 (AED 6,243,250). The notice also prohibits and restricts Dave from performing any function in connection with the provision of financial services in or from the DIFC.  Dave was the Abraaj Group CFO […]

Featured

Arabian Post Staff Dubai Collection has announced details of the first artworks to be accepted into the recently launched initiative, designed to build an institutional art collection for the Emirate of Dubai through a new and innovative partnership model. Dubai Collection is a community-led and collaborative scheme that allows patrons to lend their works while retaining legal ownership, in addition to benefitting from expert advice to support […]

ADVERTISEMENT
Featured

Arabian Post Staff DP World has announced that it has made an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe. The acquisition will enhance DP World’s capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones. It will also significantly accelerate DP World’s transformation into an advanced […]

Featured

Arabian Post Staff Dubai International Financial Centre (DIFC) has announced new Intellectual Property Regulations (IP Regulations) with effect from 5 July 2021.  The introduction of the regulations reflects the Centre’s continuing commitment to maintaining a transparent and robust legal and regulatory framework aligned with global best practice. It also supports DIFC’s focus on fostering innovation by identifying and protecting intellectual property rights, which is of key importance […]

Featured

Arabian Post Staff The sale of homes priced at over $10 million has risen sharply in Dubai, according to property consultants Knight Frank. “The uber luxury end of the market is a terrific barometer for general market sentiment. And in Dubai, we appear to be in the midst of a spectacular post-Covid rebound in luxury home sales. There have been 22 sales of homes worth more than […]

Featured

Arabian Post Staff After being awakened from their 15-month long hibernation, Dubai International’s Terminal 1 and Concourse D welcomed their first passengers on Thursday morning with the arrival of flynas flight XY201 from the Saudi Arabian capital of Riyadh. Linked to Terminal 1 by an airport train, the $1.2 billion Concourse D, opened in February 2016 as the home terminal of DXB’s 65 plus international carriers. The […]

ADVERTISEMENT
Featured

Arabian Post Staff DP World said the Jebel Ali Free Zone (Jafza) witnessed a 12 per cent growth in its healthcare and pharmaceuticals customer base between 2019-2020. As one of the most important contributing sectors in the Free Zone, the healthcare and pharmaceuticals segment is one of the key economic pillars in Jafza. Spanning an area of around 170,000 sqm, and currently housing 174 companies from 41 countries, the segment […]

Featured

Arabian Post Staff The world’s newest anti-viral treatment for COVID-19, Sotrovimab, is now available for early treatment of certain categories COVID-19 patients in the UAE following a landmark agreement between the Abu Dhabi Department of Health, the country’s leading group purchasing organization (GPO) Rafed, and GlaxoSmithKline (GSK). With the arrival of the first shipment yesterday in Abu Dhabi airport, Abu Dhabi become the first location globally to […]

Featured

Arabian Post Staff Abu Dhabi Securities Exchange (ADX) has listed 1 billion euros of bonds issued by Emirates Telecommunications Group Company PJSC (Etisalat Group) in two equal tranches maturing in 2028 and 2033.  The bonds were more than six times over-subscribed. Etisalat Group’s 500 million euro 7-year notes mature on 17 May 2028 and carry a 0.375% coupon, while the 12-year 500-million-euro tranche matures on 17 May […]

ADVERTISEMENT
Featured

Arabian Post Staff Although the dust from the latest, uneventful, OPEC+ meeting has settled, trader enthusiasm has not ebbed, as oil prices have risen to high levels. It’s remarkable that prices are so high with the pandemic not being yet fully behind us and the real news of the day is that strong prices keep their gains. The policy discipline that OPEC+ has shown and the confidence […]

Featured

Arabian Post Staff  Low cost carrier Air Arabia  reported a profitable first quarter (January to March) 2021 despite COVID-19 continued impact on the aviation’s industry financial and operational performance. The budget airline reported a net profit of AED 34 million for the three months ending March 31, 2021, a 52 percent less than the corresponding 2020 figure of AED 71 million. In the same period, the airline […]

Featured

Arabian Post Staff Trade enabler DP World has launched DUBUY.com, a global wholesale e-commerce platform. DUBUY.com is available first in Rwanda with plans to expand across Africa and around the world. DUBUY.com adds digital trading corridors to the physical corridors DP World has built across the African continent with its investment in ports, terminals and logistics operations. DUBUY.com is partnering with local businesses and the Rwandan Government […]

Featured

By Arabian Post Staff DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all three regions delivered growth, especially our terminals in India […]

Featured

Arabian Post Staff The United Arab Emirates (UAE) ranks 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19th place in 2020. The UAE business environment demonstrates continued strengths in factors most important to investors, including government incentives for investors. The country’s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central to its FDI attractiveness. The UAE is one of only […]

Featured

Arabian Post Staff SHUAA Capital has led a USD 50 million structured Sukuk for Pure Harvest Smart Farms, the world-leading, sustainable technology-enabled agribusiness based in the UAE. SHUAA also co-invested in Pure Harvest through its managed funds as part of this funding round. SHUAA originated, structured and placed the innovative financing solution, which comprises a USD 50 million 3-year sukuk with embedded warrants. Simultaneously, Pure Harvest has […]

Featured

Arabian Post Staff SHUAA and its subsidiaries achieved an FY 2020 net profit attributable to shareholders of AED 125 million, up 168% year on year, with continued strong EBITDA generation of AED 349 million, up 89% year on year. Despite significant valuation adjustments across the Group’s listed and unlisted assets and portfolios, the results benefited from three consecutive quarters of profit. Assets under management increased to a […]

ADVERTISEMENT
Biz Tech

Arabian Post Staff By 2025, more than 75% of venture capital (VC) and early-stage investor executive reviews will be informed using artificial intelligence (AI) and data analytics, according to Gartner. “Successful investors are purported to have a good “gut feel” — the ability to make sound financial decisions from mostly qualitative information alongside the quantitative data provided by the technology company,” said Patrick Stakenas, senior research director at Gartner. “However, this […]

What's On

Arabian Post Staff Mohamed Said Guedi, Founder and Chairman of the diversified MSG group of companies, has been granted the 10-year golden visa by the UAE government. The honour is in recognition of his outstanding services as a businessman and entrepreneur who has helped grow several businesses from start-ups into multi-million dollar entities. Mr. Guedi is the first Djibouti national to receive the coveted golden visa.  He […]

Featured

Arabian Post Staff Recent peace agreements signed in the Middle East – most importantly, the Abraham Accords, have paved the way to transform the region into an innovative knowledge-based economy with enormous growth opportunities, a session of the World Government Summit Dialogues was told. In the session moderated by Becky Anderson, CNN’s Managing Editor in Abu Dhabi, Nechemia Peres, Chairman of the Peres Center for Peace, and […]

Featured

Arabian Post StaffUAE According to the UN E-Government Survey 2020, the UAE’s telecommunications infrastructure ranks first in the Gulf, Arab Region and Western Asia, and seventh globally in the Telecommunications Infrastructure Index. In the Smart Services Index, the UAE ranks first in the Gulf, the Arab Region and West Asia, and the eighth in the world. The survey confirmed the UAE’s determination to provide services that meet […]

Featured

Arabian Post Staff Emaar Properties and Emaar Malls have announced a plan to merge the two units to become MENA’s largest integrated and diversified real estate company As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties and will continue to develop and hold a portfolio of premium shopping malls and retail assets, and Emaar […]

Featured

Arabian Post Staff The strong investment activity in the fintech sector continued in 2020, despite the global slowdown in venture capital deals caused by the COVID-19. According to data presented by AksjeBloggen.com, the cumulative value of funds fintech startups raised over time hit $121.7bn in February, a $20bn increase in a year. In 2018, fintech startups raised $31.3bn with the cumulative funding value reaching $71.3bn that year, revealed the […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Russian Design Forum in Dubai a hit // How Much Do Managed IT Services Cost? Are They Worth It? // Appier revolutionizes the beauty industry: Harnessing GenAI to Craft Targeted Content for Mother’s Day // Andertoons by Mark Anderson for Thu, 09 May 2024 // Rift Between RSS And BJP Getting Bigger With Every Phase Of Polling // A Look at Yield Farming in DeFi // Informa Markets to Host Medlab Asia and Asia Health 2024 // Anker Prime 20K Bank Charges Devices at Warp Speed // Afghan Diplomat Resigns Amidst Smuggling Allegations // Trend Micro Expands AI-powered Cybersecurity Platform to Combat Accidental AI Misuse and External Abuse // Molex Combines High-Speed Data, Signal and Power in MX-DaSH Data-Signal Hybrid Connector Portfolio to Optimize Next-Gen Automotive Architectures // Hong Kong Acts as Bridge for Chinese Businesses Entering Gulf Market // Vestaboard’s Mechanical Message Boards Offer Analog Charm in a Digital World // eftPay participates in Retail Asia Expo, Comprehensively expanding services in e-payment and smart mobility // Dubai’s Maktoum airport move is a bold statement // The Inaugural Money20/20 Asia in Bangkok Concludes Three Days of Incredible Fintech Conversations, Networking, and Industry Deal Making // Singapore’s QCP Capital Lands Regulatory Approval in Abu Dhabi // Tatarstan and UAE Deepen Bonds in Education and Technology // Minister Touts Culture Shift for Employee Creativity and Performance // MAL Management Introduces Single Family Office and VCC Services //