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arabian post staff

COP28 UAE Chair call to include food in climate action

Arabian Post Staff COP28 UAE Presidency  has called on governments to demonstrate leadership by signing the first-ever Leaders Declaration on Food Systems, Agriculture and Climate Action during the Food Systems Summit in Rome. The Declaration will invite national governments to align their national food systems and agriculture strategies, with their Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs), and National Biodiversity Strategies and Action Plans (NBSAPs). It […]

DIFC disposes cases worth AED15 billion in six months

Arabian Post Staff The Dubai International Financial Centre (DIFC) Courts reported a surge in the overall value of claims registered with the authority in the first six months of this year. In addition, the substantial uptake of additional ancillary services, such as Wills registration, further elevates Dubai’s common law jurisdiction as the region’s leading forum for international dispute resolution. The value of cases across all Divisions recorded […]

Nasdaq Dubai lists $300m Sobha sukuk

Arabian Post Staff Nasdaq Dubai welcomes the listing of a USD 300 million Sukuk by real estate developer Sobha Realty. The Islamic issuance listing introduces a new dimension to the GCC sub-investment grade Sukuk market by becoming the first of its kind to include a call feature. The Sukuk, which has a tenor of five years, offers investors an attractive annual profit rate of 8.75%, which is […]

Emaar gets a rating upgrade

Arabian Post Staff Dubai real estate developer Emaar Properties received credit rating upgrades from Fitch Ratings, Moody’s, and S&P Global, reflecting its strong financial performance and improved leverage ratios. Fitch Ratings has upgraded Emaar Properties Long-Term Issuer Default Rating to ‘BBB’ from ‘BBB-, with a Stable Outlook. Moody’s has similarly upgraded Emaar Properties PJSC’s long-term issuer rating to Baa2 from Baa3 with a Stable Outlook. S&P Global has […]

IIT Delhi to have Abu Dhabi campus

Arabian Post Staff The Abu Dhabi Department of Education and Knowledge (ADEK), the Ministry of Education in India, and the Indian Institute of Technology Delhi (IIT-Delhi) – India’s leading technical education and research institution – have signed a Memorandum of Understanding (MoU) to establish the first international campus of IIT-Delhi, with the formation of the new IIT-Delhi Abu Dhabi. Complementing the ongoing UAE-India Comprehensive Economic Partnership Agreement […]

S&P sees sukuk issues lower than last year

Arabian Post Staff Issuance of sukuk denominated in foreign currency was up about 9% in the first half of 2023, thanks to Saudi Arabia and a few new issuers, and further issuance is anticipated this year, since some Gulf issuers are already prepared, just waiting for the best launch window, S&P said in a report. The agency forecasts that global issuance will total $160 billion-$170 billion this […]

China, Others Grappling With Understanding Meaning Of Wagner Group Revolt

By James M Dorsey The sigh of relief in a swath of land stretching from China to Africa’s Atlantic coast was audible when Yevgeny Prigozhin, a Russian oligarch who heads the Wagner Group, a state-funded private military company, called off his mutiny against President Vladimir Putin’s military and security establishment. So were the concerns and […]

The post China, Others Grappling With Understanding Meaning Of Wagner Group Revolt first appeared on IPA Newspack.

Dubai Games Fest showcases Dubai spirit

Arabian Post Staff Dubai has marked the conclusion of the Dubai Esports and Games Festival (DEF 2023) and is celebrating record visitor numbers, with more than 26,000 people visiting the five day festival. The Vox Gaming Theatre engaged gamers during the Play Beyond tournament featuring beloved influencers in a Regional Team, composed of four influential gamers from the Middle East and including the charismatic team captain AboFlah […]

UAE world’s 4th largest greenfield investment recipient

Arabian Post Staff United Arab Emirates is the fourth largest recipient of greenfield projects in the world, according to the 2023 United Nations World Investment Report, which has just been released. The United States remained the largest host for announced greenfield projects and international project finance deals, followed by the United Kingdom, India, the United Arab Emirates and Germany for greenfield projects, and by India, the United […]

Emirates flies to Montreal daily

Arabian Post Staff Emirates has taken off to Montréal, marking the airline’s first passenger flight to Québec’s culture capital, its second gateway in Canada. Emirates flight EK243 departed with over 340 passengers, including a VIP delegation and media onboard at 0300hrs today.   The new daily service to Montréal complements Emirates’ seven weekly services to Toronto and takes the airline’s North American network to 14 destinations and […]

U.K. Tory Party Leaders’ Ties With Controversial Terror Funder Businessman Exposed

By Salah Uddin Shoaib Choudhury While evidence has emerged pointing to disturbing nexus between numerous politicians from the United States, United Kingdom and European Union as well as US President Joe Biden’s son Hunter Biden and an undesignated terrorist organization in Bangladesh, there is report about embattled MP from UK’s Tory Party, Bob Stewart, of […]

The post U.K. Tory Party Leaders’ Ties With Controversial Terror Funder Businessman Exposed first appeared on IPA Newspack.

True Gamers to open 9 new Dubai game spaces

Arabian Post Staff True Gamers, a worldwide network of eSports clubs, has partnered with UAE’s design company Baz Station Interiors, to open 9 new spaces soon in prime locations such as Dubai Mall, Blue Waters, and Jumeirah Beach Residence. True Gamers has partnered with Baz Station Interiors to develop mobile interiors that can be transported and installed in various locations. Furthermore, True Gamers is committed to innovation […]

India’s Indigo orders 500 Airbus A320s

Arabian Post Staff IndiGo, India’s largest airline by market share, has placed a firm order for 500 A320 Family aircraft, setting the record for the biggest single purchase agreement in the history of commercial aviation. The latest agreement takes the total number of Airbus aircraft on order by IndiGo to 1,330, establishing its position as the world’s biggest A320 Family customer. The historic purchase agreement was signed […]

Flynas orders 30 Airbus A320neos

Arabian Post Staff Flynas, the Saudi air carrier and a leading low-cost airline in the Middle East, has firmed up an order with Airbus for 30 new A320neo Family aircraft, taking the airline’s total order with Airbus to 120 A320neo aircraft, including 10 A321XLRs. The agreement was signed at the Paris Airshow by Bandar Almohanna, flynas Chief Executive Officer & Managing Director and Christian Scherer, Airbus Chief […]

UAE is Middle East’s foremost wealth hub

Arabian Post Staff The UAE has emerged as the leading wealth hub in the Middle East, according to Henley & Partners, a global leader in residence and citizenship by investment. A net inflow of approximately 4,500 millionaires is expected in the UAE in 2023 — one of the highest on record. Pre-pandemic, the UAE traditionally saw net inflows of around 1,000 high-net-worths per year. Most incoming millionaires […]

PIF unit signs deal with Al Hilal Club

Arabian Post Staff Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed a three-year official partnership agreement with the leading football champion, Al Hilal Saudi Club. Starting from the 2023/2024 season, the partnership includes mutual commercial and marketing rights between the two entities that will support both SEVEN’s future guests and Al Hilal FC fans. The partnership aligns with SEVEN’s […]

Dubai property transactions up 40%

Arabian Post Staff May saw a remarkable 40% increase in Dubai property sales transactions, totaling 11,621 and exceeding AED 33 billion in sales value, up 85% from May 2022 and 40% in comparison to April, according to a report by Allsopp & Allsopp. Secondary sales, particularly in villas and townhouses, generated 35% more sales value (AED 19 billion) compared to off-plan sales (AED 14 billion). The majority […]

China, GCC free trade agreement ‘soon’

Arabian Post Staff A Free Trade Agreement (FTA) between China and GCC could be a game changer to boost the region and galvanise Middle Eastern economic transformation, according to a former Lebanese minister. Although the deal is yet to be signed, there is a strong indication it will be finalised after China’s Foreign Minister Qin Gang requested for it to be done “as soon as possible” following […]

3 notches easier to set up business in UAE than Singapore

Arabian Post Staff UAE ranks three places ahead of Singapore in terms of least complex jurisdictions to set up and operate a business in the global business complexity index, published by TMF Group, a leading provider of compliance and administrative services. The UAE is at the 61th place while Singapore is placed at 58, which means setting up a business in the island nation is more complex […]

MAF Sukuk issues $500m trust certificates

Arabian Post Staff MAF Sukuk Ltd, a special purpose vehicle (SPV) issuer incorporated in the Cayman Islands, announced the successful issuance of $500 million trust certificates. The transaction was successfully completed on 1 June 2023 with Citigroup, HSBC and Standard Chartered Bank, acting as global coordinators and joint lead managers, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank and First Abu Dhabi Bank as […]

UAE banks funding profile remains strong: S&P

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 […]

Dubai fourth most active market for luxury homes

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 […]

Emirates free hotel booking for transit passengers

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 […]

Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections

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.