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arabian post staff

Dubai pact for fund to help countries with global warming

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 […]

OPEC fund to expand partnerships

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 […]

Aster to separate GCC, India businesses

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 […]

Future forum predicts paradigm shift during next decade

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, […]

ICD reports AED 28.3 billion half-year net profit

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 […]

Why Sacking Of A Single Man Is Rocking The Global Big Tech Operations?

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.

Sharjah Ports extends Gulftainer concession for 35 more years

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 […]

Zero Waiting List For Indian Railways Passengers Is Just A Lollipop

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.

DXB set to beat 2019 passenger traffic with 86.8m

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, […]

Taqa net income up by AED 8.5 billion

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 […]

Emirates begins SAF-powered flights

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 […]

Gaza war to hit MENA economies, says S&P

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 […]

China-Israel Relations Are Changing Substantially In The Wake Of Gaza War

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.

Dubai Holding unit completes US acquisition

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 […]

Dubai signs memos to enhance digital ecosystem

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 […]

Virgin Atlantic returns to Dubai after 2019

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 […]

Festive October Witnessed Fading Output, Demand, Employment

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.

UAE leads in Arab list of 500 largest firms

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 […]

Rating agencies use norms not relevant to emerging markets

Arabian Post Staff ESG rating agencies are one of the main barriers to increasing investment in emerging markets, with a core challenge being that many rating agencies use KPIs that are not relevant to emerging markets, a study by Future Investment Initiative (FII) Institute, a global non-profit foundation dedicated to tackling global challenges, has revealed. While there has been a surge in ESG investing over the past […]

Masdar signs 1GW solar, wind projects in Azerbaijan

Arabian Post Staff Abu Dhabi Future Energy Company  Masdar has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park. The strategic agreements cover the progression of the first phase of a 10GW pipeline of renewable energy projects in Azerbaijan signed in June 2022. […]

Himalaya sets up AED200m Dubai plant

Arabian Post Staff Himalaya Wellness has broken ground for its upcoming state-of-the-art herbal pharmaceutical factory that will produce tablets, capsules, liquid orals, and ointments at Dubai Industrial City. Phase one of the factory will be delivered across a built-up area of 225,000 sq. ft. Worth $54.4 million (AED 200 million), the plant will have an annual production capacity of 3 billion tablets, 15 million syrup bottles, and […]

Impressive UAE, Saudi show in online F&B sector

Arabian Post Staff E-commerce in the food and beverages sector in the UAE and Saudi Arabia has achieved a standout performance within the retail markets, according to NielsenIQ analysis of the region’s key Fast Moving Consumer Goods (FMCG) data up to the end of August 2023. Despite facing significant price hikes averaging 3% and 5%, respectively, over the past three months, both countries have again recorded strong […]

Autonomous vehicle industries cluster in Abu Dhabi

Arabian Post Staff ADX-listed provider of AI-powered geospatial solutions Bayanat signed memorandums of understanding (MOUs) with Xcalibur Multiphysics, the worldwide leader in airborne geophysics, and Teledyne Geospatial, the global leader in sensors and software solutions for mapping land and water during the launch of Smart & Autonomous Vehicle Industries (SAVI) Cluster in Abu Dhabi. Bayanat and Teledyne Geospatial will work together to further develop industry-leading autonomous survey […]

Emirates, Malaysian airlines in codeshare deal

Arabian Post Staff Emirates and Batik Air Malaysia announced a codeshare agreement, allowing Emirates’ customers to access 5 domestic Malaysian cities and 3 regional South East Asia points operated by Batik Air via Kuala Lumpur International Airport (KLIA). In line with the agreement, Emirates will place its code on Batik Air-operated flights to Penang, Kuching, Kota Kinabalu, Langkawi, Johor Bahru, Denpasar, Jakarta and Singapore, offering customers a […]