logo

News related to
business

|By Saifur Rahman | Executive Editor|Emirates, the world’s largest carrier of international passengers, has raised US$47.43 billion (Dh174 billion) to finance its fleet over the last 10 years, its recently-released annual report for 2016-17 shows.  “Having raised Dh174 billion (US$47.3 billion) over the last 10 years, Emirates continues to maintain a well-diversified and evenly spread financing portfolio. Tapping into various sources of funding, both in terms of […]

|By Arabian Post Staff| Dubai Government is developing a new project development company that will manage projects by Dubai Holding and Meraas Holding, according to a media statement issued on Monday (May 29, 2017). The move is a reflection of the economic reality marked by lower oil price and lower growth outlook that is encouraging governments to consolidate their state-owned businesses to cut costs by creating synergies. It […]

|By Arabian Post Staff|The London High Court has upheld the injunction granted to ICICI Bank UK against leading diamond merchant family of Mehtas, considered legends in the diamond trading business and pioneers in Indian industry’s inroads to Antwerp. This means that the well-known Mehta family of Belgium lost their bid in London’s High Court to unfreeze certain of their family members’ assets, as they continue to be […]

|By Arabian Post Staff| Xanadu Real Estate Development, a Dubai-based property developer, announced the delivery of nearly 200 luxury villas and townhouses with a development value exceeding Dh750 million, part of the Dh8 billion worth of projects it helped deliver with its partners over the last six years. These include 130 Townhouses at Jumeirah Village Circle, worth Dh300 million and 68 luxury villas at Jumeirah Golf Estates, […]

|By Matein Khalid| The financial markets finally cottoned on the increasingly sordid political realities created by the Trump White House. Trump could well be impeached for obstruction of justice if he tried to pressure FBI Director James Comey to drop an investigation on disgraced General Michael Flynn’s contacts with Russian intelligence before the election. The appointment of a special prosecutor to investigate the scandal means Washington is […]

By Pete Schroeder | WASHINGTON WASHINGTON U.S. Treasury Secretary Steven Mnuchin told lawmakers Thursday that the Trump administration does not actually support separating investment and commercial banks. The administration has previously expressed support for some return of the Glass-Steagall Act, which established a firewall between investment and commercial banking. But Mnuchin was explicit before the Senate Banking Committee that that vision did not include breaking up large […]

The completion date for new passenger terminal at Dubai’s Al Maktoum International Airport (DWC) has been pushed back to 2018. Dubai Airports, the owner and operator of DWC and Dubai International Airport (DXB), said in its 2015 statement that it expected the expansion to complete in the first quarter 2017. “The expansion of Dubai World Central’s passenger terminal building from the current five million passengers per year […]

Advertisements

Interested in precious metals investing or storage? Contact us HERE    Posted with permission and written by John Rubino CLICK HERE FOR ORIGINAL)       By now everyone with an Internet connection is aware of the “ransomware” attack that shut down hundreds of thousands of computers over the weekend.   The fact that the onslaught is just beginning — as the military-grade hacking tools developed by […]

Lubna Qassim is no career diplomat, but in her varied legal and political career, she has had the privilege of walking the corridors of power in London and Dubai. These days, as well as being executive vice president and group general counsel for Emirates NBD, Qassim is a member of several corporate boards. Qassim, the eldest of four daughters, credits her business acumen to the fact that […]

DUBAI, United Arab Emirates: Donald Trump Jr. traveled to Dubai and met a billionaire business partner in the city-state, discussing “new ideas” as the Emirati’s real estate firm still lists possible plans for future joint projects while Trump’s father is in the White House.The Trump Organization has said it won’t make new foreign deals while Donald Trump serves as America’s 45th president. That didn’t affect the Trump […]

Alabbar and MEVP to accelerate the digital entrepreneurial ecosystem in the region Dubai, May 18, 2017 Middle East Venture Partners (MEVP) today announced that Mohamed Alabbar has acquired a large stake in the company to create one of the leading venture capital investment platforms in the Middle East and North Africa (MENA) region. MEVP is one of the largest venture capital firms in the MENA region with […]

Predictive analytics and machine learning are two technologies we’re hearing a lot about these days. But do they actually present real opportunities for business value? For Flexi-Van Leasing, one of the largest chassis providers in North America with 12 locations and a fleet of more than 130,000 units, the answer at this point is an emphatic “yes.” Cyberwar and the Future of Cybersecurity The company’s chassis units […]

Leisure Near the island of Sir Bu Nair, dhows participate in a training session on the eve of al-Gaffal traditional long-distance dhow sailing race to Dubai. Over a hundred traditional dhow racing boats will take part in al-Gaffal race from Sir Bu Nayer Island to Dubai. (Source: CEO Middle East YouTube channel) Source link

By Jamie McGeever | LONDON LONDON The turmoil in Washington surrounding Donald Trump’s presidency is rattling world markets, and the burst of volatility could force investors into a strategic or tactical rethink of how much risk they are happy to face. Increasingly damaging revelations about the Trump administration’s and election team’s dealings with Russia triggered the biggest fall on Wall Street on Wednesday since last September and […]

The grandiose reception seeks to convince Mr. Trump that his priorities are theirs, too, and that they are indispensable partners in fighting terrorism, in confronting Iran, in bolstering American businesses and perhaps even in pursuing peace between Israelis and Palestinians. Continue reading the main story “It is a remarkably buoyant moment for them,” said Stephen A. Seche, a former United States ambassador to Yemen and the executive […]

Dubai Municipality has banned the sale and circulation of one-time use phone chargers in the emirate, it announced on Wednesday. The order was issued by Hussain Nasser Lootah, director general, Dubai Municipality, based on the technical and safety directives issued by the civic body in 2003. It warned companies not to import or sell any disposable and non-rechargeable one-time use mobile phone chargers and to return them […]

The event discussed latest technology developments, created business opportunities and tackled industry issues and challenges Qatar, Doha, 18 May 2017 Billed as Middle East’s premier event for the real estate and hotel industry, Hotelier Summit Middle East 2017 gathered once again some of the biggest names in the local and international hospitality sector to engage in focused face-to-face business meetings, discuss the latest technology developments, create business […]

CHICAGO Wal-Mart Stores Inc reported higher-than-expected quarterly comparable sales on Thursday, helped by greater traffic at Wal-Mart and Sam’s Club stores and a rise in online sales. Sales at U.S. stores open at least a year rose 1.4 percent in the first quarter, excluding fuel. Analysts polled by research firm Consesus Metrix had forecast a rise of 1.3 percent. Earnings per share for the world’s largest retailer […]

Officials in Saudi Arabia have organised a packed schedule for US President Donald Trump’s visit to the kingdom this weekend. In his first official foreign trip, Trump will attend three key summits on May 20-21 in Riyadh, which will be attended by 55 leaders along with representatives from across the Islamic world, according to the official website riyadhsummit2017.org, which also includes a clock counting down to when […]

Google is opening its Instant App platform to all developers and embedding it into Android O–the latest version of the mobile operating systems. With the move, Google is likely to give business tech decisionmakers a bit more to think about. At Google I/O, execs outlined how developers can use Instant Apps to create mini applications that will improve interaction without downloading an app. Android O will have […]

18 May 2017 Colombo: To further boost its sourcing operations and to bring in high quality products for its large chain of hypermarkets, Middle East based retail giant LULU group today inaugurated it world-class sourcing, food processing & export unit in Sri Lanka. Y.A.S. Lanka was inaugurated by Sagala Ratanayaka, Chief of Staff to the PM & Minister for Law & Order and Southern Development in the […]

Here is a selection of five charts that FT Markets believes are worth watching. A fresh chart will be added on a regular basis. 1. Wall Street hit by biggest slide since November US stocks suffered their worst trading day in eight months on Wednesday after political turmoil in Washington shook investors, with some fearing President Donald Trump’s ability to push through his pro-growth policies has been […]

MUMBAI Apple Inc has begun assembling its low-priced iPhone SE at its contract manufacturer’s plant in the technology hub of Bengaluru in southern India, the company said in a statement. Cupertino, California-based Apple, is keen to boost its market share in one of the world’s fastest growing mobile phone markets as sales lag in Asian powerhouse China. “We are beginning initial production of a small number of […]

Dubai-based Fetchr, a delivery-business and consumer technology app, has secured $41 million in a Series B financing round led by New Enterprise Associates Inc. (NEA), the start-up announced. The app addresses the “no address problem” in emerging markets, typically encountered by traditional companies delivering packages to customers. In a region where more than 80% of users have smartphones, fetchr is tackling delivery challenges by going directly to […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Coca-Cola bottling holding company submits share sale prospectus // UAE forecast to lead solar output per person // Vijayan seeks immediate reversal of decision // Herzog selects Eisenkot for Israeli coalition negotiations // Turkish court remands senior financial regulators in fund investigation // Basheer sets Feb deadline for delayed ULCCS projects // SoftBank and ABB weigh separating Chinese robotics operations // Burnham pledges British solidarity after deadly Krakow shooting // Binance appoints Justin Yek as finance chief after theft // Ghantoot clinches Pink Polo Cup as screenings draw crowds // X’mas bumper lottery prize money raised to ₹25 crore // UAE Coast Guard evacuates 22 from burning cargo vessel // Paraguay court detains impeached Peña over bank collapse // Democratic Congress threatens Trump-era cryptocurrency policy gains // Claude Code approval settings expose thousands of credentials // Alphabet’s Malaysia investment sharpens focus on AI spending // Freeze on new bar licences // Hyperliquid Strategies pursues US futures registration through subsidiary // Employees Up In Arms Against Sale Of IDBI To Canadian Company Fairfax // DEWA and Dell pursue stronger digital utility infrastructure //