|By Matein Khalid| Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor to cheers and the Dow Jones Index rise 150 points when news broke that Trump had fired his alt-right, white nationalist chief strategist […]
|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, […]
|By Arabian Post Staff| Teneo Holdings, the global CEO advisory firm, today announced that it has acquired Credo Business Consulting LLP, a leading management consulting firm with operations in London and Dubai. Credo is a highly-respected management consulting firm focused on corporate strategy, transaction services, commercial and operating model transformation and performance improvement. With an outstanding reputation for depth of analysis and insight, Credo has helped many of the world’s leading organizations […]
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|By Arabian Post Staff| Employment uncertainty and the rising cost of living continues to build deflationary pressures in the residential leasing market. As a result, residents are becoming increasingly cautious with their spending and gravitating towards affordable housing options, according to the latest Abu Dhabi MarketView by CBRE. As of Q2 2017, average rentals declined by nearly 11% year-on-year and 3% quarter-on-quarter. However, analysis of the market reflects […]
|By Arabian Post Staff| Fitch Ratings has upgraded DP World’s Limited’s Long-Term Issuer Default Rating (IDR) to BBB+ from BBB and affirmed Short-Term IDR at F2. The rating outlook is stable. This follows on Fitch’s rating upgrade in August 2016 from BBB- to BBB and reflects DP World’s solid performance and stable cash flow generation. Fitch also notes the Group’s flexibility in its expansionary plan to maintain […]
|By Arabian Post Staff| Following commercialisation in the 1990s, today metal 3D printing has established itself as an attractive manufacturing solution for prototyping and beyond. Metal printer manufacturers and materials suppliers are poised to capitalise on this unmet demand, with the 3D printing metals market to be worth $12B in 2028. This rapid growth is analysed and implications evaluated in the latest market intelligence report from IDTechEx Research, 3D […]
|By Arabian Post Staff| UAE-based conglomerate Al Ghurair announced a partnership with AccorHotels to launch the upper-upscale Swissôtel and Swissôtel Living in the Al Ghurair Centre. With over 4,000 hotels, resorts and residences, as well as over 2,500 of private homes around the globe under the AccorHotels banner, this reflag marks Swissôtel’s first entry into the UAE market. Known for the famous Swiss hospitality, Swissôtel upholds industry-leading […]
|By Arabian Posr Staff| The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement to expand both ADNOC and Borealis downstream petrochemicals business and support the delivery of ADNOC’s integrated smart growth and partnership strategy. Under the agreement, ADNOC and Borealis will move to the pre-feed (front end engineering and design) stage for the construction of the Borouge 4 complex, which encompasses a world-scale, mixed […]
Acquisition Positions JumpStart for International Growth & Expansion of its Mobile Game Offerings for Consumers and Educational Institutions Worldwide TORRANCE, CALIF. (July 6, 2017) – NetDragon Websoft Holdings Limited (“NetDragon”; Hong Kong Stock Code: 777), a global leader in building internet communities, announced that it has acquired JumpStart, the leader in learning-based games for kids. A major player in the global online and mobile learning space, NetDragon […]
|By Arabian Post Staff| Tourism Authority of Thailand (TAT) announced the reintroduction of its Women’s Journey Thailand campaign offering a range of activities, special deals, discounts and privileges in Thailand during the month of August. According to the latest statistics of international arrivals to the kingdom, the growth of female travellers has risen significantly over the past few years. According to Mrs. Srisuda Wanapinyosak, TAT Deputy Governor […]
|By Arabian Post Staff| Senaat, the industrial investment holding company managing the assets of the Abu Dhabi government, announced marginally lower revenue and profits for 2016. The Group claimed a solid performance by operating companies, reflecting the resilience of its business model. Revenues of AED 13.4 billion (2015: AED 14.0 billion) were marginally lower compared to the previous year and total EBITDA also declined slightly to AED 1.8 […]
|By Arabian Post Staff| Chinese operators are on track to launch commercial 5G networks by 2020 and are expected to establish China as the world’s largest 5G market by 2025, according to a new study by GSMA Intelligence and the China Academy of Information and Communications Technology (CAICT). The new study ‘5G in China: Outlook and Regional Comparisons’, which was published today at GSMA Mobile World Congress Shanghai, […]
|By Saifur Rahman| Remittance by foreign workers in the UAE rose 7.6 per cent to US$43.81 billion (Dh160.8 billion) in 2016, up from US$40.73 billion (Dh149.5 billion) in 2015, according to the UAE Central Bank. The outflows of the workers’ remittances that were settled through the exchange houses grew 9.4 per cent – by Dh10.1 billion to US$32.17 billion (Dh118.1 billion) despite a slowdown in the economy and […]
|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| Consumer confidence in the UAE remained uncertain in 2016 resulting in the Dubai retail market experiencing further softening in Q1 2017, according to a latest report by Knight Frank. “Well-established malls with higher footfall continue to maintain healthy occupancy rates; however the delivery of additional retail supply is expected to put pressure on overall occupancy rates. UAE shopping malls are also expected to […]
|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 […]
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 […]
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 […]
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 […]
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 […]
Orangutans prove to be exceptionally awesome moms. One proof: they nurse longer than any other mammal, sometimes into the ninth year of life. New study findings showed that previous estimates of wild orangutan mothers nursing their offspring for up to seven years may be low. The pattern could actually last up to eight or nine years, particularly when young orangutans would supplement their diet with breast milk during […]
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 […]
