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 […]
Arabian Post Staff Dubal Extrusion Investment (DEI), a company under Dubai Holding, has completed the acquisition of Thermalex Inc – an aluminium extrusion company specialized in aluminium multiport extruded tube (MPE) located in Montgomery, Alabama, USA. The acquisition comes as a response to the growing demand for DEIs products to Automotive, HVAC & and other commercial products. Following the acquisition of Thermalex Inc. alongside its sister company […]
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Arabian Post Staff Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four Memorandums of Understanding (MoUs) to enhance the emirate’s digital ecosystem. The agreements with Mastercard, RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus were inked during the Dubai Business Forum, an influential global gathering of businesses and investors held from 1-2 November at Madinat […]
Arabian Post Staff Virgin Atlantic’s returned to Dubai International Airport (DXB) for the first time since March 2019. The UK-based airline re-commenced its flights from London Heathrow Airport (LHR) on 30 October, with a four-weekly service to cater for the popular winter travel season, operating a Boeing 787-9 aircraft. Dnata will deliver a range of ramp and passenger services for the airline and its passengers at the […]
Arabian Post Staff Fortune 500 Arabia, the list that ranks the 500 largest corporations in the Arab region according to their annual revenues, reveals that the UAE is home to the headquarters of 87 Fortune 500 Arabia companies, marking approximately 17% of the list, generating a total of USD 254.87 billion in 2022. This ranks the UAE second after Saudi Arabia, whose 153 companies generated USD 813.33 […]
Arabian Post Staff ESG rating agencies are one of the main barriers to increasing investment in emerging markets, with a core challenge being that many rating agencies use KPIs that are not relevant to emerging markets, a study by Future Investment Initiative (FII) Institute, a global non-profit foundation dedicated to tackling global challenges, has revealed. While there has been a surge in ESG investing over the past […]
Arabian Post Staff Abu Dhabi Future Energy Company Masdar has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park. The strategic agreements cover the progression of the first phase of a 10GW pipeline of renewable energy projects in Azerbaijan signed in June 2022. […]
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Arabian Post Staff Himalaya Wellness has broken ground for its upcoming state-of-the-art herbal pharmaceutical factory that will produce tablets, capsules, liquid orals, and ointments at Dubai Industrial City. Phase one of the factory will be delivered across a built-up area of 225,000 sq. ft. Worth $54.4 million (AED 200 million), the plant will have an annual production capacity of 3 billion tablets, 15 million syrup bottles, and […]
Arabian Post Staff E-commerce in the food and beverages sector in the UAE and Saudi Arabia has achieved a standout performance within the retail markets, according to NielsenIQ analysis of the region’s key Fast Moving Consumer Goods (FMCG) data up to the end of August 2023. Despite facing significant price hikes averaging 3% and 5%, respectively, over the past three months, both countries have again recorded strong […]
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Arabian Post Staff ADX-listed provider of AI-powered geospatial solutions Bayanat signed memorandums of understanding (MOUs) with Xcalibur Multiphysics, the worldwide leader in airborne geophysics, and Teledyne Geospatial, the global leader in sensors and software solutions for mapping land and water during the launch of Smart & Autonomous Vehicle Industries (SAVI) Cluster in Abu Dhabi. Bayanat and Teledyne Geospatial will work together to further develop industry-leading autonomous survey […]
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Arabian Post Staff Emirates and Batik Air Malaysia announced a codeshare agreement, allowing Emirates’ customers to access 5 domestic Malaysian cities and 3 regional South East Asia points operated by Batik Air via Kuala Lumpur International Airport (KLIA). In line with the agreement, Emirates will place its code on Batik Air-operated flights to Penang, Kuching, Kota Kinabalu, Langkawi, Johor Bahru, Denpasar, Jakarta and Singapore, offering customers a […]
Arabian Post Staff In the first half of 2023, the UAE and Japan shared non-oil trade worth US$7.4 billion, a rise of 4.2 percent compared to the same period in 2022. The UAE’s non-oil exports to Japan exceeded US$718 million, while imports from Japan to the UAE amounted to US$6.3 billion in H1 2023. Re-exports from the UAE to Japan reached US$421 million. The importance of the […]
Arabian Post Staff Xiamen Airlines has become the first Chinese carrier to offer direct flights from China to Qatar. On October 20, a Boeing-787 of Xiamen Airlines departed from Beijing Daxing International Airport for Hamad International Airport in Doha, Qatar, commencing regular flights between Beijing and Doha. This year marks the 35th anniversary of the establishment of diplomatic relations between China and Qatar, and the 10th anniversary […]
Arabian Post Staff While MENA countries have demonstrated a growing commitment to climate action through net-zero targets, action from the business community still lags behind that of global peers, and consumers still underestimate their regional vulnerabilities, a report jointly prepared by the World Economic Forum and Bain & Company said. The report focusses on nine major MENA economies: Saudi Arabia, UAE, Egypt, Qatar, Kuwait, Morocco, Oman, Tunisia, […]
Arabian Post Staff Dubai’s real estate market has recorded yet another surge during Q3 2023, according to data by the Dubai Land Department. The city has witnessed a 40% increase in total value of transactions worth of AED 97.55 billion and a 22% increase in the total number of transactions at 31,216 when compared to the same period last year. The areas that have recorded the highest […]
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Arabian Post Staff Dubai Internet City has signed a strategic partnership with German Entrepreneurship GmbH to strengthen the start-up and entrepreneurship ecosystem in the UAE and beyond. Under the terms of the agreement, Dubai Internet City will support German start-ups with the data, insights, and resources needed to enter the UAE and new regional markets. German start-ups will also be invited to establish a base at Dubai […]
Arabian Post Staff Dubai unleashed a new era of global AI dominance as Gitex Global brought together the world’s brightest minds, forward-thinking governments, and the most advanced companies to redefine the boundaries of the AI economy and shape the future of technological revolution on the planet. As driverless car trials continue throughout the world, including the UAE, the impact of driverless mobility on society is starting to […]
Arabian Post Staff Despite its high internet usage, the United Arab Emirates has the lowest National Cyber Security Index score at 40.26, making it the least cyber-secure country in a study conducted by Proxyrack. The study revealed which developed countries are at most at risk of cybercrime globally and with a cybercrime risk score of 8.18/10, United Arab Emirates features in the top 10. The study was […]
Arabian Post Staff Archer Aviation Inc., a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced that it has entered into an agreement with Abu Dhabi Investment Office (ADIO) to commence air taxi operations in Abu Dhabi and Dubai in 2026. As part of this strategic initiative, ADIO plans to support Archer with incentives for establishing its first international headquarters and manufacturing facilities in the Smart […]
Arabian Post Staff Expand North Star, claimed to be the world’s largest gathering for startups, will see the launch of Launchpad Dubai, a new platform aimed at accelerating the growth and expansion of global tech companies in Dubai including start-ups, fast-growing startups and billionaire unicorns. The initiative offers convenient access to visa applications, banking and judicial services, housing, talent, and other essential services required to set up […]
Arabian Post Staff Defying global economic challenges, the Middle East and North Africa (MENA) region’s construction sector continued to demonstrate strong performance with a total of $101 billion worth of projects awarded in the first half of the year, reveals JLL’s latest Construction Market Intelligence report, which is based on insights gathered from industry sources and experts. The largest share of the project value, approximately 67%, came […]
Arabian Post Staff The non-oil trade between the UAE and the United States reached US$21.63 billion in the first half of 2023, reflecting growth of 37% on the same period last year. UAE non-oil exports to the US reached US$2.3 billion, while imports from the US totaled US$12.8 billion, up 28%. Re-exports climbed 62% over H1 2022 to reach US$6.5 billion in the first half of 2023. […]
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Arabian Post Staff Digital Dubai announced the launch of ‘Dubai AI’, a generative AI-powered digital city concierge, during the Dubai Assembly for Generative AI, which is being held in the emirate. The city-wide digital platform will offer comprehensive information and services, covering health, entertainment, business, and education, to all residents and visitors across the city. In a panel titled ‘GenAI and Existential Questions for Government’, Dr. Moza […]
Arabian Post Staff Dubai had ended up just behind Mumbai, with centi-millionaire growth of 78% projected over the next 10 years, according to the 2023 Centi-Millionaire Report released by wealth and investment migration advisors Henley & Partners and featuring exclusive data from global wealth intelligence firm New World Wealth. Dubai is followed by China’s main transport and trading nexus Guangzhou (76%), and the world’s most expensive city, […]
Arabian Post Staff Old-school email personalization methods such as those that relied only on demographics or first-name, don’t seem to be as effective any longer. What’s working is behaviour-based personalization and personalization based on the stage of the buyer journey, a study by MoEngage has shown. Such advanced personalization tactics require a deep understanding of the customer and a reliable customer engagement tool. The study showed email […]
Arabian Post Staff ADIPEC 2023 closed with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition of ADIPEC ever. Building on its nearly 40-year legacy, ADIPEC has evolved, growing in size and reach, as […]
Arabian Post Staff Dubai International Financial Centre (DIFC) announced its Sustainable Finance Framework, which sets out fundraising principles for investments in its environmental and social projects that enable sustainable business operations. Globally, an estimated USD 3.3-4.5 trillion per year is required to achieve the 2030 Agenda for Sustainable Development. This has called forth the sustainable debt market, which has been growing at a rapid pace driven by […]
Arabian Post Staff Dubai based DeFi startup DTR has launched UAE dirham-backed stablecoin, DRAM. Stablecoins have been one of the most pivotal use cases for digital assets. Traditionally, the stablecoin landscape has been dominated by US dollar-backed stablecoins such as USDT, USDC, and the recently introduced PYUSD. To gauge their popularity, one only needs to look at the numbers i.e., the total market cap of stablecoins hovers […]
Arabian Post Staff Emirates announced an agreement with Shell Aviation for the supply of over 300,000 gallons of blended SAF for use at the airline’s international hub in Dubai (DXB). The first SAF delivery under the agreement is expected to commence before the end of the year, making it the first time that SAF is supplied through the DXB airport fuelling system. The agreement is the latest […]
Arabian Post Staff Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million. MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors. MidOcean Energy is currently in the process of acquiring interests in four […]
