arabian post staff

Global sukuk issuance to climb from last year’s drop

Arabian Post Staff Global sukuk issuance will reach about $160 billion-$170 billion in 2024, from $168.4 billion at year-end 2023 and $179.4 billion in 2022, Standard & Poor’s said in a report. The drop in issuance volumes in 2023, which mainly resulted from tighter liquidity conditions in Saudi Arabia’s banking system and Indonesia’s lower fiscal deficit, was somewhat compensated by an increase in foreign currency-denominated sukuk issuance. […]

More CEOs turn optimistic about world economy

Arabian Post Staff The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled since year-on-year. At the same time the proportion of CEOs concerned about their long-term business viability has risen to 45% as tech and climate pressures accelerate, according to PwC’s 27th Annual Global CEO Survey, published today. The survey, which interviewed 4,702 CEOs across 105 countries and […]

Artificial Intelligence Has To Be Adapted Selectively To Protect Jobs

UAE, India sign MoUs in renewable energy, food, healthcare

Arabian Post Staff India and the UAE signed three Memorandums of Understanding (MoUs), setting out frameworks for the expansion of bilateral investment cooperation in the renewable energy, food processing and healthcare sectors. The agreements were signed on the occasion of  Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, by the Ministry of Investment of the UAE with the respective Indian ministries, underscoring the UAE’s strong […]

Jet broker records largest aviation crypto payment

Arabian Post Staff JetFinder, a Toronto-based private jet broker with UAE presence, recently set a milestone by recording a cryptocurrency transaction for approximately 750K USDT for a single flight booking. The anticipated approval of a Bitcoin ETF represents a significant milestone in the financial and aviation sectors, potentially revolutionizing the private aviation industry. If approved, it could legitimize cryptocurrency as a mainstream investment option, increasing its stability […]

Abu Dhabi’s IHC forms AED 100 billion holding company

Arabian Post Staff Abu Dhabi-based conglomerate International Holding Company announced the formation of  2PointZero as a next generation Holding Company comprising several diverse and dynamic companies. Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion. The transfer is subject to obtaining of  all regulatory approvals. 2PointZero embodies a vision […]

Saudis help increase women employment in travel and tourism

Arabian Post Staff Saudi Arabia has contributed significantly to promoting women employment in the thriving travel and tourism sector in alignment with the Saudi Vision 2030 goals, ensuring the kingdom’s presence in a report on the sector’s soaring employment opportunities to women and young people around the world. According to the report, the female labour force participation in the sector increased by 64% since 2021. The report shows […]

New year boost to Abu Dhabi maritime sector

Arabian Post Staff Abu Dhabi’s maritime sector received a new year boost with the Abu Dhabi Maritime, part of AD Ports Group launching a platform to bridge the gap between public and private stakeholders to connect and strengthen the maritime sector. The platform www.maritimehub-ad.com is expected to promote collaboration and knowledge exchange for the benefit of all, forging essential links with global and domestic stakeholders, policymakers, and […]

Javier Milei A Disaster For Working Class Argentinians

Israel, Hamas Prisoner Exchange Talks Further Mired

Income Tax Department’s Action Against NewsClick Bank Accounts Is Nothing But An Illegal Seize

Top English Academy: A Beacon of Quality English Learning For Aspiring Saudi Students

English proficiency is becoming an invaluable asset among young Saudis hoping to further their career ambitions and access opportunities on the global stage. Given this high demand, quality and affordable English education options are greatly needed locally. Catering to busy Saudi business professionals, Top English Academy’s popular “English for Business Men” course simplifies participating in and leading English-language meetings. As someone who struggled with nerve-wracking video conferences […]

ADCB sells property unit for a profit of AED 490m

Arabian Post Staff Abu Dhabi Commercial Bank has signed an agreement to divest  80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties to Nine Yards Plus Holding, a real estate subsidiary of EIH Ethmar International Holding. The transaction values Abu Dhabi Commercial Properties at AED 591 million and the bank will register a gain of approximately AED 490 million subject to closing conditions […]

Saudi finance minister is new chair of key IMF panel

Arabian Post Staff The members of the , have selected Saudi Arabia’s Minister of Finance Mohammed Aljadaan will be the new Chair of the International Monetary and Financial Committee (IMFC), the policy advisory body of the Board of Governors of the International Monetary Fund (IMF). The term is for three years. Aljadaan will succeed Ms. Nadia Calviño, Spain’s First Vice President and Minister for Economic Affairs and […]

UAE banks pledge $270 billion in sustainable finance by 2030

Arabian Post Staff UAE Banks Federation (UBF) has pledged to mobilise over AED 1 trillion, which represents more than US$ 270 billion, in sustainable finance by the year 2030. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation, announced the pledge at an event organised jointly by Central Bank of the UAE with the COP28 Presidency to support and facilitate global climate finance solutions and progress towards a sustainable […]

DIFC launches sustainable finance catalyst under COP28

Arabian Post Staff Dubai International Financial Centre (DIFC) announced the launch of its Sustainable Finance Catalyst to mark COP28’s Finance Day. DIFC’s Sustainable Finance Catalyst, which will be part of COP28’s legacy, aims to unlock opportunities and create impact beyond the conference. Building on DIFC’s position as the first global sustainable finance hub in MEASA, DIFC’s Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai […]

Masdar to develop 10GW clean energy projects in Malaysia

Arabian Post Staff Abu Dhabi Future Energy Company Masdar has agreed to advance the development of 10GW of clean energy projects in Malaysia. The implementation roadmap, signed with the Malaysian Investment Development Authority (MIDA) to develop up to 10GW of renewable energy projects, including ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems, follows the signing of a memorandum of […]

War Of Nerves Between BJP And Congress Day Before Election Results

By Arun Srivastava Narendra Modi bhakts are absolutely correct in saying “Modi hai to mumkin hai” (everything possible with Modi around). Elections to the Madhya Pradesh assembly were held on November 17, thirteen days ahead of the Telangana elections. During the intervening days, political analysts and even some of the pollsters predicted a clear victory […]

The post War Of Nerves Between BJP And Congress Day Before Election Results first appeared on Latest India news, analysis and reports on IPA Newspack.

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 […]