Arabian Post Staff According to numbers released by the Abu Dhabi Statistics Centre, the emirate achieved a remarkable 9.3% growth by the end of 2022, compared to 2021. The new figures position Abu Dhabi as the fastest-growing economy in the Middle East and North Africa region. Abu Dhabi’s impressive growth across its diverse sectors during 2022 is attributed to its robust economic framework, coupled with a collaborative […]
Arabian Post Staff Emirates Airline and Etihad Airways have signed a Memorandum of Understanding (MoU) to expand their interline agreement and provide travellers additional itinerary options when visiting the UAE. This first of its kind agreement between the two UAE carriers aims to capitalise on opportunities to boost tourism to the UAE from key source markets by enabling visitors to experience more than one destination in a […]
Arabian Post Staff UAE Etisalat reported consolidated revenues of AED 13.0 billion by e& in the first quarter of 2023. At constant exchange rates, revenue increased by 6.6 per cent. Consolidated net profit recorded AED 2.2 billion while consolidated EBITDA reached AED 6.2 billion, resulting in an EBITDA margin of 48 per cent. In the UAE etisalat by e& recorded 13.9 million subscribers an increase of 6 […]
Arabian Post Staff GE has announced the signing of a Memorandum of Understanding (MoU) with the UAE Independent Climate Change Accelerators (UICCA), a think tank and accelerator focused on driving the transition to a green economy, to collaborate across three broad actionable pillars and build the momentum around climate action in the UAE and beyond. Under the framework of the newly signed agreement, GE and UICCA will […]
By Arun Srivastava The strategy of the vice chancellor of Vishwa Bharati University, Bidyut Chakraborty, has crossed the line of decency. Chakraborty who has, for more than six months, been tirelessly working to evict Amartya Sen from the premises of Shantiniketan on April 20 shoot off yet another notice to Sen asking him to “vacate […]
The post Vishwa Bharati University Makes Final Move To Evict Amartya Sen By May 6 first appeared on IPA Newspack.
Arabian Post Staff Container traders and shipping companies in the region are reaping the benefits of lower rates and enhanced governmental initiatives aimed to establish the region as a lucrative component of the global supply chains., according to Container xChange, an online container logistics platform for container trading, leasing, and management. The availability of containers has also improved in the region, presenting a great opportunity for container […]
Arabian Post Staff The introduction of a new tax regime in the UAE has significant implications for businesses operating in the country. Businesses will need to consider the impact of the new tax on their costs, pricing, compliance, operations, and customers. This new tax regime is designed to provide companies with a range of benefits, including increased efficiency, improved competitiveness, and greater flexibility. In this article, we […]
By Dr. Gyan Pathak Though the Centre and States are holding back announcement of roll out of the four controversial labour codes brought in 2019 and 2020 fearing adverse political fallout during 2024 general election in the country, India has already begun witnessing relaxation being given to employers. Several states have already relaxed their laws […]
The post Centre Has Initiated The Process Of Relaxation In Labour Laws first appeared on IPA Newspack.
Arabian Post Staff The European Parliament has endorsed the world’s first legislative framework intended to govern the burgeoning cryptocurrency sector. The legislative body has voted 517 to 38 in favour of the Markets in Crypto Act (MiCA), marking a significant milestone in the global regulation of digital assets. Societe Generale’s cryptocurrency division, SG Forge, has announced the launch of a stablecoin pegged to the euro (EUR) on […]
Arabian Post Staff Dubai Airport, the world’s busiest international airport, is leading the way in innovative technologies that are revolutionizing the aviation industry. One of the most impressive technologies being implemented at Dubai Airport is the use of facial recognition technology. This technology allows passengers to go through the airport without having to present their passport or boarding pass. Instead, they simply have to look into a […]
By Debabrata Biswas from Boston On April 4, citizen Trump surrendered, formally arrested and arraigned in a mundane court room on the 15th floor of Manhattan Criminal Court in New York .He was spared of procedural mug shot and handcuff as a courtesy to a former president. And with this, ‘a new, dangerous chapter of […]
The post Court Indictment Of Donald Trump Has Not Affected His Popular Base first appeared on IPA Newspack.
By Dr. Gyan Pathak Indian economy, politics, and media was in transition when I joined India Press Agency in March 1993 led by O P Sabherwal as its Chief Editor. I had been sent there by Sumit Chakravartty, Editor of the weekly Mainstream. The transition of the 1990s had then just begun, and as the […]
The post Remembering O P Sabherwal, A Dedicated Journalist In His Centenary Year first appeared on IPA Newspack.
Arabian Post Staff The IMF announced in the World Economic Outlook’s press briefing that the baseline forecast for global output growth is 0.1 percentage point lower than predicted in the January 2023 WEO Update, before rising to 3.0 percent in 2024. “The world economy is still recovering from the unprecedented upheavals of the last three years, and the recent banking turmoil has increased uncertainties. We expect global output […]
Arabian Post Staff QNB net profit for the three months ended 31 March 2023 reached QAR3.9 billion (USD1.1 billion), an increase of 7% compared to same period last year, the group announced. Operating Income increased by 20% to reach QAR9.3 billion (USD2.6 billion) reflects the Group’s continued success efforts in maintaining growth across a range of revenue sources amidst turbulence in global markets. Total Assets as at […]
Arabian Post Staff National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment portfolio of AED 13.7bn ($3.7 billion) in 2022, higher by 15% compared to the previous year. Customers’ financial well-being continued to evolve through National Bonds due to its wide range of savings and investments solutions, which have supported their future financial objectives, such as emergency funds and […]
Arabian Post Staff Dubai recorded 88 home sales above US$10m hit AED 6 billion during Q1, according to the latest analysis carried out by global property consultant Knight Frank. The year 2022 saw Dubai record 219 deals above this price point, positioning the city as the fourth busiest luxury homes market in the world. 2023 is shaping up to be another record year for this segment of […]
By Arabian Post Staff Kia has revealed full details of the Kia EV9, its first three-row seat electric flagship SUV that brings fresh thinking, design, and technology to the sector and spearheads the brand’s rapid transformation to a sustainable mobility solutions provider in the era of electrification. Based on the game-changing Electric Global Modular Platform (E-GMP), the EV9 ensures athletic performance, complemented by a targeted all-electric range […]
Arabian Post Staff The promoters of Aster DM Healthcare have increased their shareholding in the India listed company by 4% from 37.88% to 41.88%, after acquiring additional stake from one of the large private equity investors at an additional investment of Rs 460 Crore (Dh. 207 million). Speaking on the increase in stake, Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare said, “The […]
Business transformation is a complex process and one that can be intimidating to many business owners. It involves changing your processes, systems, and mindset to adapt to the ever-changing market conditions. While it may seem daunting at first, understanding what you need to do and how you should go about it will make the journey much easier. So, here are some helpful things you need to know […]
Arabian Post Staff The real estate market in Dubai saw a surge in off-plan property sales in February 2023. According to Allsopp & Allsopp’s proprietary data, there has been a 42.1% increase in off-plan property sales compared to the same period last year. This rise in demand for off-plan properties is a positive indication that the Dubai property market is gaining momentum and confidence in the future […]
Arabian Post Staff CrowdStrike (Nasdaq: CRWD), today announced the release of 2023 CrowdStrike Global Threat Report – the ninth annual edition of the cybersecurity leader’s seminal report on the evolving behaviors, trends and tactics of today’s most feared nation-state, eCrime and hacktivist threat actors around the world. Now tracking the activities of 200+ adversaries – including 33 new adversaries identified in the past year alone – […]
Arabian Post Staff A white paper on digital payments titled ‘What’s Next for Digital Payments in the Middle East and North Africa’ notes that there is an instant payment ‘revolution’ taking place in the UAE. According to the paper, the overall digital payments market in the UAE is expected to increase at a compound annual growth rate (CAGR) of 18.3%; 13.6% in the KSA; and 19.6% in Egypt. […]
Arabian Post Staff Dubai International (DXB) has registered a year of strong recovery and consistently robust growth in its customer base that propelled the annual passenger numbers to 66 million in 2022. The airport’s growth outpaced the annual forecast yet again in the final months of the year following an exceptionally strong fourth quarter. DXB welcomed a total of 66,069,981 passengers during 2022, a year-on year-growth of […]
Arabian Post Staff Grant Thornton and its Asset Recovery Fund (ARF) announced the purchase of a AED 1.3 billion (US$ 357m) portfolio of distressed non-performing loans (NPLs) from Abu Dhabi Commercial Bank (ADCB), marking one of the first such portfolio sales from a local bank in the UAE. Grant Thornton, the UAE’s fifth largest professional services firm, supported this purchase by deploying its deep rooted local commercial […]
