Arabian Post Staff UAE banks are in a comfortable net external asset position and their loan to deposit ratios are among the strongest in the region, S&P said in a report on GCC banking. Banks have been accumulating local deposits over the past 15 months amid muted lending growth. S&P said it does not expect an acceleration of lending, so UAE banks’ funding profiles should continue to […]
Arabian Post Staff Global HNWI have US$ 2.5 billion to spend on Dubai real estate this year, compared to US$ 3.8 billion spent on homes priced at over US$ 10 million in the emirate last year, according to property consultancy, Knight Frank. Knight Frank’s inaugural Destination Dubai report surveyed 183 HNWI globally, each with a net worth of over US$ 3 million, excluding their main home, or […]
Arabian Post Staff Emirates Airlines has announced a special promotion offering free hotel accommodations to passengers traveling to or stopping over in Dubai for a limited time. According to the airline’s statement, the booking period for this offer is available tillJune 11, 2023. Passengers who purchase a first-class or business-class return ticket with Emirates to Dubai, or have a stopover in the city, will be eligible for […]
By Satyaki Chakraborty Greece Prime Minister Kyriakos Mitsotakis won the national elections in Greece on Sunday comfortably after his New Democracy Party secured 40.79 per cent votes with 146 seats in the new Parliament consisting of 300 seats. The PM who played a role in the economic recovery of Greece in the last two years, […]
The post Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections first appeared on IPA Newspack.
By P. Sudhir The Quad, consisting of four countries, the United States, Japan, Australia and India is gradually taking the shape of a security alliance which was the intent of the original name of the grouping – the Quadrilateral Security Dialogue. The security angle was highlighted by the recent meeting of the military chiefs of […]
The post Quad Is A US Led Security Alliance Aimed To Counter China In Asia-Pacific first appeared on IPA Newspack.
Arabian Post Staff Wealth management firm The Family Office announced the inauguration of its new office in the Dubai International Financial Centre, its third office in the GCC after Riyadh and Manama. The new office will offer a wide range of wealth management services, including financial planning, investment advice, advising on building customized portfolios in private equity, private debt, real estate, direct funds and more to Professional […]
Arabian Post Staff The World Bank has projected that the UAE non-oil sector will achieve strong growth of 4.8 percent in 2023, driven by robust domestic demand, particularly in tourism, real estate, construction, transportation, and manufacturing sectors. The bank also said GDP will grow by 2.8 percent. In a press conference held in Dubai to announce the new World Bank Gulf Economic Update (GEU) titled, “The Health […]
Arabian Post Staff Abu Dhabi Motorsports Management (ADMM) and Flash Entertainment (Flash) have officially integrated their activities and operations, combining the complementary expertise of the two entities to launch a new powerhouse that will shape the future of events, entertainment, and venue management throughout the Middle East and beyond. The company has been named ‘Ethara’ – meaning ‘thrill’ in Arabic – and launches today (May 15). Its […]
Arabian Post Staff Dubai’s residential market continues to experience an impressive upward trend, with values increasing by 5.6% in Q1 2023. This marks the 9th consecutive quarter of growth, driven by strong demand for luxury second homes and the city’s emergence as a global luxury hub, according to a Knight Frank report. Experiencing an average growth of 5.1% between January and March, reaching AED 1,450 psf. In […]
Arabian Post Staff Thanks to several initiatives by the UAE government, the cryptocurrency industry has recorded exponential growth in the emirate. Dubai has been promoting itself as a global centre for crypto assets, leading to the establishment of the biggest crypto exchange platforms. In April 2022, Bybit announced it was relocating its headquarters from Singapore to Dubai and crypto.com is creating a regional hub in Dubai. In […]
Arabian Post Staff Emirates will require most passengers departing Dubai to use a mobile boarding pass instead of a printed paper version, from 15 May onwards. Passengers checking in at Terminal 3 will receive their mobile boarding pass via email or SMS. Passengers who check in online can load their boarding pass into their Apple Wallet or Google Wallet, or retrieve their boarding pass on the user-friendly […]
Arabian Post Staff Emirates group announced record profits in its 2022-23 annual report, along with a complete turnaround from its loss position last year. Both Emirates and dnata saw significant revenue increases in 2022-23 as the group expanded its air transport and travel-related operations following the removal of nearly all pandemic-related restrictions around the world. For the financial year ended 31 March 2023, the group posted a […]
By Dr. Gyan Pathak The unanimous verdict delivered on May 11 by a five-judge constitutional bench of the Supreme Court of India on power struggle in Delhi between the elected government of the National Capital Territory and the Centre’s steps of usurping the powers of the state is significant for the country, since Modi government […]
The post Centre Can’t Usurp Powers Of The Ruling State Governments first appeared on IPA Newspack.
By Ben Chacko Victory Day, celebrating the surrender of Nazi Germany in Second World War, should be an occasion for international unity. Time zone differences mean a surrender effective from 11.01pm Central European Time on May 8 1945 is celebrated on May 8 in the West and May 9 in the East, but it was […]
The post On Victory Day, Need To Forge Unity Of Anti-Fascist Forces Once Again first appeared on IPA Newspack.
Arabian Post Staff In the first quarter of 2023, residential values across Abu Dhabi’s freehold areas grew by 1.2%, pushing the average prices to AED 964 per square feet. In contrast, villa values showed signs of moderation after rising for six consecutive months, resulting in an annual rate of change of 1.2%, according to the latest Abu Dhabi Residential Market Review by global property consultancy, Knight Frank. […]
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 […]
