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|By Arabian Post Staff| A new whitepaper published by Dubai Chamber of Commerce and Industry on start-ups has called for closer cooperation between universities, government agencies and investment funds to expand the scope of investments that can support the growth of startups in the UAE. The whitepaper has been published in collaboration with Roland Berger. The findings were released during Dubai Startup Hub’s Entrepreneurship Advocacy event series. […]

|By Hassan Ali Mansoor| “Adversity reveals the genius, austerity conceals it”. This adage has emerged as the dominant theme used by a select few players in the GCC where during the last three years, massive cost cutting has emerged as the new dominant theme across the board. The last couple of years, we saw the entire commercial sector including businesses, commercial banks and financial institutions struggle to […]

|By Arabian Post Staff| Emaar Group is marking an industry-first by leveraging the significant potential of blockchain technology with plans to offer the Emaar community token for customers and partners by the year end. This highlights Emaar’s intense focus on innovation and providing the most complete experience to drive customer service, loyalty and referral across its businesses, thereby enhancing customer satisfaction, growth and profitability. Emaar grew revenues […]

|By Arabian Post Staff|In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast. The US has for decades relied on large-scale imports to satisfy its thirst for oil, but this is about […]

The Middle East e-commerce market forever be changed with the region’s largest-ever acquisitions and new expansions. In particular, 2019 year has seen such big investments that will let the fastest growing eCommerce market of MEA to take a great turn. The business formation in MEA taking up diverse strategies by companies to establish business in unique places to compete strongly with the upcoming. MEA leave a great […]

|By Arabian Post Staff| 5G is expected to reach 30 million subscriptions for enhanced mobile broadband in the Middle East and Africa (MEA) by the end of 2024, representing 2% of total mobile subscriptions. This will make 5G the fastest generation of cellular technology to be rolled out on a global scale, according to the new MEA edition of the Ericsson (NASDAQ: ERIC) Mobility Report. Key drivers […]

|By Arabian Post Staff| Aldar Investment Properties announced it has agreed to acquire full ownership of Etihad Plaza and Etihad Airways Centre in an AED 1.2 billion transaction with Etihad Airways. As part of the deal, Etihad will take 100% ownership of Etihad Airways HQ. The three properties were previously held in three 50/50 joint ventures between Aldar Properties and Etihad. The transaction is expected to complete […]

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|By Arabian Post Staff| OYO Hotels & Homes signed an MoU with Saudi Arabia’s Public Investment Fund, which reiterates OYO’s commitment to the Kingdom and the business potential it sees in the market. OYO Hotels & Homes also confirmed the launch of its operations in Saudi Arabia. It is also noteworthy that OYO is one of the first Public Investment Fund and SoftBank Vision Fund backed company […]

|By Arabian Post Staff| International Holdings Company, one of the UAE’s foremost holding companies with investments in diversified operating businesses, signed today an Implementation agreement to acquire PAL Cooling Holding LLC (PAL) – subject to final shareholders and regulatory approval – which allows International Holdings Company to enter into the utilities market. The acquisition will see the two companies conduct a share-swap arrangement, with IHC acquiring PAL’s […]

|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|The IMF has stressed that the external downside risks to the UAE’s outlook have risen and encouraged the authorities to continue their efforts to bolster economic growth and safeguard macro-financial stability. In this context, the Fund stressed the importance of increasing supervisory vigilance and strengthening management of contingent liabilities from borrowing by government-related enterprises, government guarantees, and public-private partnerships. The IMF advice came in […]

|By Arabian Post Staff| Emirates Integrated Telecommunications Company (EITC), popularly known as du,  announced the resignation of its chief financial officer, Amer Kazim, who is leaving to take up a position with a Dubai government-owned organization. Amer Kazim will remain with EITC till the end of the first quarter of 2019 to ensure a smooth handover of responsibilities and to supervise the full year 2018 financial results. Mohamed […]

|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 Arabian Post Staff| Gulf Capital, one of the largest tive alternative asset managers in the Middle East, announced that it has successfully exited its investment in Amana Healthcare, the UAE provider of specialised continuum-of-care services including long-term care, medical rehabilitation and specialised home healthcare. Gulf Credit Partners fully realised an early exit from its investment in Amana Healthcare when a controlling stake in the business was […]

|By Arabian Post Staff| UAE real estate market conditions are likely to remain challenging in 2019, although it could to some extent depend upon how quickly the regulatory changes enacted last year begin to generate additional demand, JLL said in its review of 2018 and outlook for 2019. “While market conditions are likely to remain challenging, investors and occupiers have the opportunity to introduce new strategies to enhance […]

|By Arabian Post Staff| Abu Dhabi National Oil Company (ADNOC), Eni and OMV signed two new strategic equity partnerships covering both ADNOC Refining and a new trading joint venture, which will be jointly established by the three partners. In one of the largest ever refinery transactions, Eni and OMV will acquire 20% and 15% shares in ADNOC Refining respectively, with ADNOC owning the remaining 65%. The agreement […]

Ole Hansen With turmoil on every side, gold has re-emerged as a preferred safe haven with further upside. Meanwhile, prospects for a further recovery in oil seem limited by signs of slowing global growth. The direction of commodities in the early part of 2019 will continue to be influenced by decisions taken in Washington and by central banks last year. The economic fallout from US president Donald […]

|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 […]

It is now far too dangerous to short the British pound, another fabulously profitable short since its fateful 1.50 high against the US dollar the night of the June 2016 referendum. The UK Foreign Secretary shocked me when he publicly warned that voting down Mrs. May’s deal to exit the EU would scrap Brexit. Sterling rose to 1.2850 on reports that the Tory Cabinet in Downing Street […]

I have gone gaga on software shares since 2013, when Satya Nadella redefined Microsoft – and tripled the valuation of the Evil Empire of Redmond in the next five years. True, Microsoft was the best Big Tech performer of 2018, an annus horribilis for the best and brightest of Silicon Valley. The world’s most exciting software shares were slammed by the bearish bloodbath on NASDAQ. However, when […]

|By Arabian Post Staff|The UAE Federal Tax Authority plans to further improve VAT compliance rates, promote registration among taxable businesses, and combat tax evasion. FTA director general Khalid Ali Al Bustani announced in a review of the first year of implementation of tax. The DG revealed that the number of businesses that registered in the tax system during the first year of implementation exceeded 296,000 companies and […]

The Euro has been a disaster since its birth in 1999. Its monetary pathologies led to youth unemployment rates of 50-60% in Greece, Spain and the Italian Mezzogiorno. It gave a trillion-dollar windfall to German exporters at the expense of the hapless Club Med and amplified Berlin’s diktat over the lands once occupied by the Third Reich. It created the milieu for Brexit, the gilets jaunes riots […]

|By Arabian Post Staff| Dubai Land Department (DLD) recorded an unprecedented growth in the last ten days of 2018, Sultan Butti bin Mejren, Director General of DLD, announced. The-transaction volume during the last ten days of 2018 was worth over AED 19 billion through 2,081 transactions. .Bin Mejren added: “This activity affirms the attractiveness of Dubai’s real estate sector, specifically the demand from buyers and investors who are […]

|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 […]

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