|By Arabian Post Staff| The Arab Strategy Forum has issued a report that estimates the total cost of Iran’s nuclear programme to have exceeded US$500 billion since 2002.Furthermore, the costs of developing and operating infrastructure and facilities for the programme have added some US$50 billion to the bill. Specifically, the report states that the construction of the Bushehr Nuclear Power Plant accounted for the majority of the nuclear […]
|By Raj Samani |As 2018 draws to a close, we should perhaps be grateful that the year has not been entirely dominated by ransomware, although the rise of the GandCrab and SamSam variants show that the threat remains active. Our predictions for 2019 move away from simply providing an assessment on the rise or fall of a particular threat, and instead focus on current rumblings we see […]
|By Saifur Rahman, Associate Editor| The historic first cargo of two million barrels of crude oil from the Abu Dhabi National Oil Company (ADNOC), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, in the presence of Dharmendra Pradhan, Indian Minister for Petroleum and Natural Gas, and Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO at a ceremony in Abu […]
A new partnership between the UAE and India will enable the UAE to communicate with India the requirements of skills and their certification for Indian workers coming to the UAE. Accordingly India can align its ambitious skill development programmes and certification procedures with the requirements of the UAE’s job market. The UAE and India announced on Monday the launch of a new strategic partnership focused on skill […]
By James M Dorsey The Middle East has a knack for sucking external powers into its conflicts. China’s ventures into the region have shown how difficult it is to maintain its principle of non-interference in the internal affairs of other states. China’s abandonment of non-interference is manifested by its (largely ineffective) efforts to mediate conflicts in South Sudan, Syria and Afghanistan as well as between Israel and Palestine and even between Saudi […]
|By Arabian Post Staff| DP World Ltd., the Dubai-based port operator that manages terminals from Hong Kong to Peru, and India’s National Investment & Infrastructure Fund (NIIF) plan to jointly invest up to US$3 billion in the South Asian nation, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, disclosed at the sixth World Government Summit (WGS 2018) in Dubai. During a panel discussion titled […]
|By Arabian Post Staff| Dubai rental yields have trended lower structurally since 2009, indicating that investors are willing to accept risk with lower risk premia. Of all the major cities analyzed, Dubai remains far above the highest yielding city, suggesting that there is ample room for further yield compression, according to property portal Reidin. In the first nine months of 2017, even though level of transactions are […]
|By Arabian Post Staff| NRI Emirati Investors Group, a new UAE-based group formed by the Business Leaders Forum (BLF), announced that it will raise US$1 billion (Dh3.67 billion) in commercially viable big-ticket projects in India. The announcement was made at the inaugural two-day India-UAE Partnership Summit (IUPS) taking plae at the Armani Hotel, Burj Khalifa, Dubai. This would be the largest such collective fund-raising programme by a […]
|By Arabian Post Staff|Saudi Arabia is holding one of its most important investment summits ever, named the Future Investment Initiative (FII), considered to be game-changing forum in Riyadh. The landmark event is being attended by more than 2,500 delegates and internationally-renowned business and investment leaders from over 60 countries. The three-day event will explore new trends, opportunities, challenges and emerging industries that will shape the world economy and […]
|By Arabian Post Staff|Foreign direct investment (FDI) inflows to West African countries increased 12% to $11.4 billion in 2016, supported by recovering investment in Nigeria, an analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development (UNCTAD), was released by the Chamber as it prepares to host the 4th Global Business Forum on […]
|By Arabian Post Staff| A high-level meeting of the Arab Monetary Fund (AMF), International Monetary Fund (IMF) and the World Bank, in collaboration with the Financial Stability Board (FSB on the Withdrawal of Correspondent Banking Relationships (CBRs) in the Arab region has highlighted the importance of initiatives aimed at addressing compliance costs and profitability considerations to deal with the situation. These initiatives could cover areas such as […]
|By Arabian Post Staff| Dubai’s DIFC Courts witnessed sustained growth in the first six months of 2017, with the English-language, common law judiciary continuing to help global businesses resolve their largest and most complex disputes while becoming the increasingly preferred forum for settling the smaller claims of corporations, SMEs and individuals. The workload of the main Court of First Instance (CFI), including arbitration-related cases and counter claims, […]
A festival, unlike, say, a concert or exhibition, is a contained, utopian world, with a focus on a set of circumscribed pursuits. Like a highbrow summer camp for adults, festivals offer a jot of escapism, a chance to turn our attention away from some of the weightier issues of the past year. What makes them stand apart from other events is the joy of sharing the same […]
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 […]
ABU DHABI // Teachers with a strong grasp of technology and more authority to control unruly classrooms are needed to improve the standard of education. That was the message for decision-makers at a public event aimed at giving an insight into the classroom. The Minister of State for Youth Affairs joined officials from the Abu Dhabi Education Council (Adec) for a meeting with Emirati students about the […]
ABU DHABI //More than 23 events will be held on Yas Island in the second half of the year as efforts are focused on attracting more local visitors. Management aims to draw people of all ages with events that include Harry Potter in Concert, Cartoon Network Live, Circus 1903 and a stand-up comedy show featuring Trevor Noah. With support from the Abu Dhabi Tourism and Culture Authority, […]
By Yara Bayoumy and Katie Paul | WASHINGTON/RIYADH WASHINGTON/RIYADH When U.S. President Donald Trump meets Saudi princes in Riyadh on Saturday, he can expect a warmer welcome than the one given a year ago to his predecessor Barack Obama, who Riyadh considered soft on arch foe Iran and cool toward a bilateral relationship that is a mainstay of the Middle East’s security balance. Beneath the pomp, Riyadh will be looking for assurances […]
Jamie Dimon endured a rough ride at the annual meeting of America’s biggest bank on Tuesday morning, as shareholders repeatedly attacked the JPMorgan Chase chief over his ties to the administration of Donald Trump. In December Mr Dimon was named chairman of the Business Roundtable, a group of almost 200 CEOs which is among the most prominent lobbying groups in Washington. Mr Dimon, chief executive of JPMorgan […]
SINGAPORE — Although Singapore and China are different in size, they face common challenges in innovation and governance, noted Deputy Prime Minister Teo Chee Hean yesterday as he kicked off a high-level bilateral forum on leadership. Delivering the keynote address during the 6th China-Singapore Forum on Leadership, Mr Teo said the common obstacles faced by both countries included an ageing population, a slower-growing workforce, rising expectations of […]
Twitter co-founder Biz Stone is returning to guide the messaging platform’s internal culture, as it tries to turn around slow user growth and declining revenue in the face of increased competition. Jack Dorsey, Twitter chief executive and co-founder who returned to try to revive the company almost two years ago, asked Mr Stone back during a relaunch of the company’s weekly Friday afternoon tradition of Tea Time […]
Interview London’s euro clearing dominance has been in the spotlight since the Brexit vote, as Europe would like this returned. The FT’s Philip Stafford and Daniel Hodson, chairman of FSNForum and board member of Vote Leave, discuss the merits of such a move. May 16, 2017 Produced by Alessia Giustiniano. Filmed by Rod Fitzgerald. Source link
GENEVA North Korea’s recent missile test-launch was a legitimate act of self-defence under international law and U.S. criticism of it a “wanton violation of the sovereignty and dignity of the DPRK, a North Korean diplomat told the U.N. Conference on Disarmament on Tuesday. “The DPRK will bolster its self-defence capabilities as long as the United States continues its hostile policies towards the DPRK and imposes nuclear threats […]
Saudi King Salman on Monday expressed hope a “historic” summit to be held Sunday between Arab and Muslim nations and US President Donald Trump will enhance ties and promote tolerance. The summit will be one of three forums held during a visit by Trump, who is making Saudi Arabia his first overseas stop since assuming office in January. Trump has frequently been accused of fuelling Islamophobia but […]
By Dustin Volz | WASHINGTON WASHINGTON An unprecedented global cyber attack that infected computers in at least 150 countries beginning on Friday has unleashed a new wave of criticism of the U.S. National Security Agency. The attack was made possible by a flaw in Microsoft’s Windows software that the NSA used to build a hacking tool for its own use – only to have that tool and […]
