Arabian Post Staff -Dubai The Saudi Arabian capital, Riyadh, is experiencing a growth spurt unlike any other in the Middle East. According to the latest Savills Growth Hubs Index, Riyadh has secured a coveted spot among the top 15 fastest-developing cities globally by 2033. This achievement is particularly noteworthy as Riyadh stands alone as the sole non-Asian representative on the prestigious list. This rapid ascent can be […]
Arabian Post Staff -Dubai The allure of long-term residency in Dubai is driving a surge in property purchases among professionals holding the coveted Golden Visa. This ten-year visa, awarded to investors and skilled workers in various fields, is prompting a shift from renting to owning as residents seek stability and potentially higher returns on their investments. Several factors are contributing to this trend. Recent policy changes have […]
Arabian Post Staff -Dubai Dubai’s tourism industry has soared to new heights, solidifying the emirate’s position as a global leader in travel and hospitality. Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DTCM), recently shed light on the strategic vision driving this remarkable achievement. Dubai’s success story is not merely a matter of numbers. In 2023, the city welcomed a record-breaking 17. 15 million […]
Arabian Post Staff -Dubai The Abu Dhabi Investment Authority (ADIA), a prominent sovereign wealth fund, is gearing up for potential acquisitions by listing portfolio companies on the Abu Dhabi Stock Exchange (ADEX). This strategic shift aims to raise capital that can be reinvested into new ventures, propelling ADIA’s global investment influence. Financial analysts suggest that ADIA’s decision to leverage the ADEX platform reflects growing confidence in the […]
Arabian Post Staff -Dubai Dubai’s DP World, a giant in global port operations, and China’s Zhejiang Seaport Group have joined forces to strengthen trade links between the United Arab Emirates (UAE) and China. This strategic collaboration aims to improve logistics and shipping efficiency between Jebel Ali Port, Dubai’s crown jewel, and Ningbo-Zhoushan Port, a leading port in eastern China. The partnership will focus on attracting new shipping […]
Arabian Post Staff -Dubai Dubai’s residential rental market, which has seen explosive growth in recent years, is anticipated to experience a period of stabilization with slower rent increases throughout 2024. This comes after a significant rise in rental prices fueled by high demand and a limited supply of available properties. Real estate consultancies like CBRE acknowledge the increasing pressure on affordability for tenants. Their reports indicate a […]
Arabian Post Staff deVere Group, a global player providing specialist cross-border financial advice to international investors and expatriates, has announced United Arab Emirates (UAE), New Zealand, and Italy as the top three destinations for the organisation’s financial graduates to live and work in the first half of 2024. This trend reflects the growing demand for international financial advisory services from high-net-worth (HNW) individuals in these regions, driven […]
Arabian Post Staff -Dubai Dubai’s property market continues to defy expectations, with a recent surge in mortgage transactions highlighting strong buyer demand. According to data compiled by Property Monitor, the number of mortgages issued in Dubai reached a 14-month high in May 2023. This represents a significant increase of 57. 9% compared to the previous month, with a total of 3, 359 loans recorded. This upswing marks […]
Arabian Post Staff -Dubai Dubai’s real estate market is experiencing a surge, with luxury short-term rentals leading the charge. LIVE LARGE, a Dubai-based company specializing in high-end rentals, reported unprecedented demand in the first half of 2024. Their research highlights an impressive occupancy rate exceeding 86%, a trend expected to continue throughout the summer and beyond. This surge in luxury rentals reflects the robust state of Dubai’s […]
Arabian Post Staff -Dubai Dubai’s ambitious vision for the future takes off with the Al Maktoum International Airport (DWC), a colossal project designed to solidify the emirate’s position as a global aviation leader and propel economic growth. This aviation behemoth boasts a staggering capacity of 260 million passengers annually, far exceeding Dubai’s current main airport and positioning it as a future travel hub. The DWC project reflects […]
Arabian Post Staff -Dubai Masdar, a clean energy company from the United Arab Emirates, has emerged as a contender in the race to acquire Saeta Yield, the Spanish renewables unit of Brookfield, a Canadian asset manager. The news comes from a report published by Spanish newspaper Cinco Dias on Friday, citing unnamed financial sources. According to the report, Saeta Yield is estimated to be valued at €1. […]
Arabian Post Staff -Dubai Singapore’s DBS Bank and Dubai-based Mashreq Bank have announced a collaboration to revolutionize cross-border payments for Mashreq’s retail customers. This partnership will enable near-instant, same-day international money transfers to select markets across Asia Pacific, Europe, and the Americas. The initiative leverages DBS’s established cross-border payment solution, DBS Globesend. This platform facilitates cost-effective and transparent international transactions in up to 132 currencies across 190 […]
Arabian Post Staff -Dubai For decades, Abu Dhabi National Oil Company (Adnoc) embodied the image of a traditional state-controlled oil producer, content to focus on its vast reserves. However, that perception is undergoing a dramatic transformation. Armed with a $150 billion war chest, Adnoc is rapidly emerging as a major player in the global energy market, actively pursuing strategic acquisitions. This week, Adnoc sent shockwaves through the […]
Vashi Dominguez, the charismatic jeweler who once dazzled on British television, has left a trail of financial ruin after his company collapsed, owing a staggering £170 million. The National’s investigation delves into the meteoric rise and fall of Vashi’s empire, uncovering a story of lost riches and unanswered questions. Dominguez, with his flamboyant personality and promises of revolutionizing the diamond trade, captivated investors, particularly those from the […]
Arabian Post Staff -Dubai The Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the Middle East and North Africa (MENA) region, has solidified its position as a key market player by finalizing the acquisition of a 32. 6% stake in DME Holdings Limited. DME Holdings Limited is the parent company of the Dubai Mercantile Exchange (DME), a prominent international commodities exchange. This […]
Arabian Post Staff -Dubai Masdar, a clean energy company headquartered in Abu Dhabi, is poised for a significant expansion in the United States, according to a recent report. The company, which has established itself as a leader in renewable energy development internationally, is looking to leverage its expertise in the booming US clean energy market. Masdar’s US ambitions come amid a growing demand for renewable energy sources […]
Arabian Post Staff -Dubai HSBC has picked the United Arab Emirates (UAE) as the springboard for its innovative digital trading platform, WorldTrader. This move caters to the rising demand for international investment opportunities among HSBC’s Wealth and Personal Banking (WPB) clients. WorldTrader empowers users with a gateway to a diverse selection of investment options, encompassing up to 80% of the world’s stock market capitalization. Through this user-friendly […]
A night of apparent triumph at Singapore’s Marina Bay Sands Casino turned into tragedy for a patron who passed away shortly after a significant baccarat win. The unidentified man, reportedly a regular at the high-stakes tables, secured a substantial jackpot, according to casino staff and eyewitness accounts. The win, however, was followed by a sudden medical episode, with the man collapsing on the casino floor. Medical personnel […]
Arabian Post Staff -Dubai Qatar is making a strategic push to become a leading center for commerce and innovation in the Middle East. This ambition is fueled by a booming commercial real estate market, driven by factors like economic diversification efforts, significant infrastructure development, and the positive impact of hosting major international tournaments. According to a recent report by Statista, Qatar’s commercial real estate sector is estimated […]
Miami Heat’s Jimmy Butler proved his competitive spirit extends beyond the basketball court. In a high-stakes celebrity poker tournament held at Los Angeles’ Hustler Casino Live, Butler emerged victorious against some of the world’s most recognizable names, walking away with a cool $200, 000. The highlight of the night came during a head-to-head battle with Brazilian soccer star Neymar. Despite pre-tournament camaraderie documented on social media, Butler […]
Arabian Post Staff -Dubai Middle Eastern sovereign wealth funds, which manage trillions of dollars in assets on behalf of governments, significantly increased their investments in China last year. According to a new report by research firm Preqin, these funds deployed a record $2. 3 billion into Chinese companies in 2023, marking a substantial leap from the previous year’s total of $300 million. Analysts attribute this surge in […]
Arabian Post Staff -Dubai Despite traditionally being a slower period for the industry, global air cargo rates are defying expectations and holding steady. This resilience is primarily driven by robust demand and high spot rates originating from Asia and the Middle East, according to recent data and analysis by WorldACD Market Data. While total global tonnages dipped slightly by 2% during the week of June 10th to […]
Arabian Post Staff -Dubai The Abu Dhabi government has announced the listing of $5 billion worth of bonds on the Abu Dhabi Securities Exchange (ADX), a move designed to strengthen the emirate’s financial market and attract new investment. The bond issuance will be divided into three tranches, with the listing process commencing on June 21st. This initiative aligns with Abu Dhabi’s broader economic goals of diversification and […]
