Dubai-based Finalrentals makes it possible to rent a car globally By Arabian Post Staff When traveling abroad, people often try to search for a car online from unknown platforms, resulting in situations where customers feel they didn’t get the service they’d hoped for. But Finalrentals has changed all that. Finalrentals is a startup born in Dubai, United Arab Emirates. After creating the best online car rental experience for tourists and […]
Emaar, the master developer of the Burj Khalifa, wowed over 2 billion people across the globe with a breathtaking pyrotechnic show on the world’s tallest building to ring in 2020. In a mesmerising story, the Burj Khalifa transformed through animation, light, sounds and a synchronized fountain show taking viewers on a journey at the onset of a new decade. Following the traditional 10 second digital countdown on […]
By Matein Khalid I had recommended SAP shares at €82 in the Gulf financial press in early 2018 as its then CEO Bill McDermott committed the firm to the digital transformation of the UAE at Dubai’s World Government Summit. I published a second article on August 7, 2019 tilted “German software colossus SAP shares will more than double by 2023!”. The shares were €104 in Frankfurt on […]
By Arabian Post Staff A surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). The strong 4.3 per cent increase in volume growth compared to the same period last year was supported […]
By Arabian Post Staff More than US$500 billion (Dh1.8 trillion) worth of family wealth will be passed on to the next generations in the Middle East and North Africa (MENA) region within the next decade, experts at the 4th Wealth Arabia Summit (WAS) said on Tuesday. According to WealthX, a global intelligence solutions provider, more than US$15 trillion worth of family wealth will be passed over to the […]
Ren Zhengfei, founder and CEO of Huawei recently met with a contingent of media from across the Middle East and North Africa (MENA) to share his thoughts on the region’s bold digital transformation efforts—and Huawei ‘s plans for supporting local partners to scale digital services to more people, homes, and organizations than ever before. The global executive acknowledged the Arab world’s long and profound history, particularly its […]
A 3d printer will enable you to print almost anything from the comfort of your home. 3D printing is transforming the way specialists design and create things. When 3d was first introduced, people thought that they would not need to visit the stores anymore. They believed that they could download pre-made designs and print them. Understanding the 3D Printer Before deciding to start your 3d printing adventure, […]
By Arabian Post Staff Bahrain’s Al Waha Fund of Funds has announced a substantial investment in Beijing-based MSA Capital – its first investment in a Chinese fund. MSA Capital, the most active Chinese fund in the Gulf, plans to use Bahrain as its “hub for regional expansion”. It will work closely with regulators, entrepreneurs and strategic corporate partners to connect growing companies in the region with capital and […]
Decades ago, our brain used to be our storage box. We could easily memorize numbers and dates and would remember any time, any day. Calculations were done off-handed, and reading was a constant exercise. The beauty of this is that, as we constantly task our brain with these duties, our mental capacity increase. But today, the advancement in technology has made both young and old reliance on […]
By Hassan Ali Mansoor A noticeable trend around the world these days are media reports that paint a gloomy picture of the global economy. A particular focus of economists has been global banks and financial institutions. These reports claim that some banks have invested in risky portfolios that expose their customers to unnecessary risks. The precarious financial condition of Deutsche Bank, Germany, is quoted as an example […]
By Arjavi Indraneesh It is a no-brainer that when there is an increase in digital payments, a proportionate rise in fraud is a given. But India’s payment digitisation programme has gone ahead without a requisite improvement in the infrastructure for fraud detection and prevention. Over the past five years, the volume of digital payments has grown by a factor of 10 and an additional growth of 10 […]
By Matein Khalid Goldman Sachs shares traded at 190 when I wrote this article, way below its 52 week high at 245 making it a Cinderella in global investment banking at only 8.5 times forward earnings. It is obvious that Goldman’s involvement in the $7 billion 1MDB sovereign wealth heist in Malaysia has led to global outrage, demands for a $6 billion in punitive fine by Prime […]
Millennials are the generation that’s influencing almost everything today. From trends to which brands will be popular and which ones won’t be, etc. Millennials have so much influence in our everyday lives that we aren’t even aware of how significant impact they have. Our digital marketing agency Dubai concluded that if something isn’t “trendy”, it’s because this generation decided that way. That “untrendy” company can do whatever […]
BY Aaditya Tangri We’ve all heard the dire warnings of our impending dystopian future. According to research by Deloitte, an estimated 35% of UK jobs are at high risk of automation in the next 10 to 20 years, whilst in the past 15 years technology has already contributed to the loss of over 800,000 jobs. Market research company Forrester predicts that 6% of US jobs will be […]
By Matein Khalid I had published a column in the UK/MENA press arguing that the Uber IPO was “absurdly valued” last week. I was vindicated with a vengeance when Uber priced its IPO at 45, well below the level Saudi Arabia’s uber-sovereign wealth fund PIF invested $3.5 billion in the hose of Travis (now Dara) three years ago. Uber opened on the NYSE with a whimper, not […]
/By Matein Khalid/ Uber Technologies goes public in the most controversial and global tech IPO since Facebook seven years ago. Uber bulls claim that the ride sharing colossus is another embryonic Amazon, a firm that will dominate the digital constellation of the next two decades. I disagree. Uber loses $4 billion per annum and has already been forced to surrender Russia/CIS to Yandex, China to Didi and […]
By Gaurav Sharma The oil and gas industry is on the cusp of profound operational changes underpinned by emerging technologies. The transformative impact of this new wave – labelled the fourth industrial revolution or Industry 4.0 – is being felt to such an extent that the International Energy Agency (IEA) has started factoring in probable additional global oil reserves courtesy optimised conventional and unconventional production. Dr Fatih […]
|By Arabian Post Staff|Home Owners Direct (HOD) has launched a new e-marketplace platform -HOD.co – that directly connects property owners with buyers, tenants and developers. Placing total control of property deals in the hands of the consumers, the platform will help deliver significant savings for users with zero commission to be paid on any property deal as it is directly made between the two parties. Democratising the […]
|By Matein Khalid| Dropbox, founded by MIT students, venture financed by Sequoia Capital, is one of the world’s most valuable software startups. Even the Irish legend Bono of UB40 is an early stage investor. Its March 2018 IPO was a blowout. Dropbox broke syndicate at 21 and closed at up 50% on its first day. The shares peaked at 43 in June, but as Sophocles observed two […]
|By Matein Khalid|If Asia is a growth warrant on the global economy, the omens look awful as the IMF just warned the financial glitterati at Davos. Asian equities were the victims of the grim macro investment themes in 2018. Four Federal Reserve interest rate hikes forced Asian central banks to raise borrowing costs to protect embattled local currencies. The Trump White House’s game of chicken on trade […]
Merger mania in Wall Street media shares was a profitable theme for me in 2018, particularly since I owned 21st Century Fox shares well before Walt Disney made its epic bid for the Murdoch clan’s flagship brand, the parent of President Trump’s beloved news channel. The Fox deal meant 65% paydirt for my trading book as the House of Mouse made a takeover bid for the House […]
|By Arabian Post Staff| The value of UAE online travel sales in 2018 is forecast to reach AED 17.3 billion ($4.7 billion), driven by a growing population, an increasing number of tourists, and UAE residents’ shift towards digital services, new analysis from Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from Euromonitor International, found that direct online sales in 2018 are expected […]
|By Arabian Post Staff| The total value of international trade through Dubai’s free trade zones recorded 22 percent jump to US$107.35 billion (Dh394 billion) in the first nine months of 2018, according to a latest report. This represents 41 percent of the emirate’ total trade of the first nine months. Imports amounted to 54.5 percent at Dh215 billion, while exports and re-exports reached 45.5 percent at Dh179 billion. Overall, […]
|By Arabian Post Staff| The CEOs Advisory Council of the UAE Banks Federation (UBF) reviewed the adoption of Blockchain to enhance know your customer (KYC) processes at banks. Other key topics on the agenda included Emiratization, and digital transformation. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, said: “As part of our efforts aimed at creating and sustaining a thriving banking ecosystem, we have undertaken a number […]
