By Matein Khalid NMC Health PLC, the UAE’s leading private operator of medical clinics and hospitals with a footprint in 17 countries was founded by Abu Dhabi based Indian-Udupi businessman B. R. Shetty and listed on the London Stock Exchange. NMC plunged a shocking 45% in five trading sessions after Carson Block of Muddy Waters Capital, one of the world’s preeminent short selling specialist hedge funds, accused […]
By Matein Khalid I had recommended buying the Tadawul ETF iShares MSCI Saudi Arabia (symbol KSA on NYSE) on November 30 to benefit from the post-IPO surge in the price of the Saudi Aramco IPO shares on the Tadawul. This tactical trade was a beauty even before Saudi Aramco shares soared 20% on its Thursday December 12 to peak at 38.7 Saudi riyals (SAR). As I expected, […]
By Matein Khalid I literally laughed when I heard that Goldman Sachs put a valuation range of $1.6 to $2.3 trillion on the Saudi Aramco IPO. One, a valuation range of $700 million only means the Goldie analyst bankers (deal promoters?) are clueless about what Saudi Aramco is really worth. Two, I cannot fathom how the financial markets will assign a valuation of 17 to 23 times […]
Instead of walking in the fabulous city of Dubai and looking for a proper means of transportation to take you from point A to point B, alongside with your family and friends, you can ask for a luxury car for rent in Dubai. There are numerous advantages for renting a luxury car in Dubai and, among these, the possibility of choosing the car you want for long […]
By Matein Khalid Thanks to the orchestrated bullishness of a dozen Wall Street sell side analysts and the mother of all short covering rallies, Uber has managed to claw back its losses from 38 to its IPO offer price of $45 though the latest management disaster and sacking of Dara’s handpicked COO and marketing lady wunderkind will slam the shares tonight. Uber has also benefited from a […]
|By Matein Khalid|The GCC currency pegs to the US dollar have been prominent in international finance in place since the early 1980’s, in times of war and revolution, in times of economic boom and bust, in times of crude oil price surges and crashes. Yet the oil crash of 2014-16 was an inflection point in the economic history of the Arabian Gulf. Crude oil prices were $115 […]
|By Arabian Post Staff| Groundbreaking for the UAE’s first tyre manufacturing plant by Chinese tyre company Roadbot was performed at KIZAD, Abu Dhabi’s industrial hub and part of Abu Dhabi Ports. Developed with a total investment of AED 2.2 billion ($614.37 million), the Roadbot factory is being built in KIZAD’s China-UAE Industrial Capacity Cooperation Demonstration Zone in line with international standards and equipped with latest innovative solutions […]
When we look to America these days it’s largely with an eye on politics. Much of the world is experiencing a different kind of political environment, with more visible players, more polarizing issues, and more drama overall. And this is being exemplified by America under a President who speaks only to his own party, and who approaches the job as if it’s a reality television show. As […]
Etisalat Digital announced that it has signed strategic partnerships with four scale-ups as part of the ‘Dubai Future Accelerators Program,’ the world’s largest governbment supported accelerator. The 4th cohort of the ‘Dubai Future Accelerators’, launched in March this year with the participation of Etisalat Digital and other government bodies and in cooperation with the world’s most innovative companies, came to a close on xx May. The program […]
|By Matein Khalid| I had written an article titled “six reasons to be bullish Saudi equities in 2018, published in the KT on January 28. Yet I was surprised to see Saudi Arabian equities become the world’s second best performing stock market in 2018 after Egypt. The Saudi equity index fund (KSA) I recommended in my column is up 18% at a time when the MSCI emerging markets […]
|By Matein Khalid| When I first started on a Treasury bond futures trading desk in New York fresh out of Wharton, a senior mentor once advised to keep track of the four heartbeats of gold finance in real time. The price of money (interest rates), the price of currency (the US dollar), the price of oil and the price of gold. The price of money can be […]
“We need to reassess every single thing we are doing as to what we can do to bring an end to this conflict,” added Mr. Beasley, a former governor of South Carolina who was appointed to lead the agency by the Trump administration in March. Continue reading the main story By making Riyadh, the Saudi capital, the first stop on his tour, observers say, Mr. Trump has […]
Young Indonesians, frustrated by the country’s lack of progress (or even perceived regression in development) often invoke a refrain along the lines of, “While other countries are focusing on things like getting people to Mars, we are fighting over (religion / blasphemy / corruption etc).” It seems President Joko Widodo feels similarly. Yesterday, while speaking with the editorial heads of several major Indonesian media outlets, Jokowi mentioned that […]
Google chief executive Sundar Pichai delivers the keynote address at the 2017 Google I/O Conference, where he stressed the importance of artificial intelligence Google announced Wednesday it was bringing its digital assistant to Apple iPhones as part of its effort to win the battle with tech rivals on artificial intelligence. At its annual developers conference at an outdoor concert-venue near its main campus in Mountain View, California, […]
DUBAI // Almost 10,000 motorists were caught running red lights in the first four months of the year. Dubai’s General Department of Traffic said 9,130 motorists were fined Dh800 each and were given eight black points on their licences. The figure is an average increase from 2016 in which 25,814 fines were issued for running red lights in the emirate. Col Saif Al Mazrouei, director of the […]
Your daily guide to community and cultural activities across the Emirates for May 18, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Art workshop Take […]
Last summer, Abu Dhabi was scorching hot and immersed in thick, stifling humidity when I started having dreams of fishing along the stony shore of a cold river flanked by tall mountains. I had some time set aside for a week-long getaway, and wanted to do something different. I found little allure in the typical destinations most travellers head to when they want to escape the Gulf […]
Riyadh, 16 May 2017: Under the patronage and inauguration of H.R.H Prince Faisal Bin Bandar Bin Abdulaziz Al Saud, Governor of Riyadh, Al Jazirah Vehicles Agencies has opened successfully the world’s largest Ford’s dealer showroom in Riyadh branch of Al Jazirah Vehicles, the sole authorized dealer of Ford and Lincoln vehicles in Saudi Arabia, located on Khurais road. The opening was attended by a number of officials, […]
Rolls-Royce has unveiled a new collection of cars with design touches inspired by Sheikh Zayed, Founding President of the UAE, as well as Abu Dhabi landmarks and Emirati history and traditions. The Wisdom Collection features seven bespoke Rolls-Royces: a Phantom VII, two Phantom Coupés, two Wraiths, a Ghost and a Dawn. The concept was put together by Joseph Tayar, Rolls-Royce brand manager at Abu Dhabi Motors, the […]
Waste material from the paper and pulp industry soon could be made into anything from tennis rackets to cars. Scientists have discovered how to make high quality carbon fiber from lignin. (via WSJ)
Chinese networking giant Huawei has announced that it will be leading the “digital transformation” of Hamad International Airport in Qatar in an effort to improve security, customer experience, and efficiency. Huawei, which announced entering a memorandum of understanding (MoU) with the Doha-based airport this week, said it will work on creating prototypes and solutions for Internet of Things (IoT) and autonomous machines throughout the airport. “The objective […]
One of the hottest races going on in the tech world right now is the race to get self-driving cars out to the public first. To try and beat out the competition, Waymo has reached an agreement with Lyft, the startup ride-hailing company, to get its street legal autonomous cars out first. Lyft And Waymo Team Up The New York Times reported that the two companies reached […]
Facebook users in the Middle East will spend an extra 57 million hours on the social media platform during Ramadan, according to new research. New data released by Facebook IQ research shows usage during the Holy Month is expected to increase by five percent. Millions of people in the Middle East will spend more time on Facebook during Ramadan than usual, with research showing the a […]
Credit: Steffen Thoma/Public Domain The research, led by the International Council on Clean Transportation and Environmental Health Analytics, LLC., in collaboration with scientists at the University of York’s Stockholm Environment Institute (SEI); University of Colorado; and the International Institute for Applied Systems Analysis, examined 11 major vehicle markets representing more than 80% of new diesel vehicle sales in 2015.’ Of these markets, they found vehicles emitted 13.2 […]
