|By Matein Khalid|The rise in Brent crude to $60 a barrel and the trade volume ballast generated by the world’s first post Lehman synchronized economic recovery is hugely positive for UAE economic growth in 2018. After all, the UAE is unique because Abu Dhabi’s 100 billion barrels of proven oil reserves is complemented by Dubai’s role as the Gulf’s financial, logistics, aviation, shopping and services hub. The […]
|By Arabian Post Staff| Analysts fear that the GCC mobile phone market could see a slump in the wake of the 2018 VAT roll-out, as it happened in many countries, which saw a pre-VAT buildup of inventories, followed by a major slump in sales. Such concerns come at a time when the region’s mobile phone market is already in a state of flux, with IDC’s latest Quarterly Mobile […]
|By Matein Khalid|I am often asked by investors to articulate my “philosophy” of real estate investing. Tough question. My ideal deal is one where it is possible to buy brick and mortar assets at 60 – 70% of replacement cost. This usually occurs in the aftermath of a banking crisis or economic shock. This was the case in Florida homes in 2009 or Spanish office space in […]
|By Matein Khalid| US and global equities surged on news of the US House of Representatives pass the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week of carnage in the US high yield debt markets, flattening of the US Treasury yield curve and losses in the major stock market indices worldwide. […]
|By Arabian Post Staff| The United Nations is set to consider a proposal by the US Federal Aviation Administration to ban laptop computers and other large electronic devices from checked bags on international flights. It remains yet unclear whether the ban would be extended to domestic airlines. Gulf airlines including Emirates and Qatar Airways were removed from the ban last August after these airlines suffered a huge […]
|By Arabian Post Staff| Japanese retailer Daiso opened at Bawabat Al Sharq Mall in Abu Dhabi this week. The newly opened store is the 11th store in Abu Dhabi and the 32nd in the UAE, bringing the total count in the GCC region to 49. The store is located on the first floor of the mall, opposite the Food Court, and boasts of 4,500 square feet. Daiso […]
|By K Raveendran| Virgin boss Richard Branson recently went on a voyage to Arabia’s past, which he claims helped him discover an incredibly exciting time in Saudi Arabia’s history. The visit also turned out to be an inspiration for him to announce a major investment in a luxury tourism project aiming to transform a stretch of Saudi Arabia’s Red Sea coast into a hub for high-end holidaymakers. […]
|By Arabian Post Staff| Gold plunged after trading volume hit 1.8 million ounces in just one minute and gold traders were shaken by the plunge, Bloomberg reported. Gold traders shaken awake by Monday’s rapid price plunge said the move probably won’t mean an end to the sleepy pace that’s characterized the market in recent months. Bullion sank at 9 a.m. in London on Monday after a huge spike […]
|From Anand Vardhan in Denpasar, Bali| The Middle East crisis, which has seen the diplomatic isolation of Qatar last week, is expected to impact Indonesia’s tourism and lead to a consequential drop in foreign earnings. Bali, the single largest tourist destination of Indonesia, has been receiving some 400,000 visitors via Qatar, of which 70% are tourists. The anxiety is all the more heightened as a majority of these […]
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 […]
Tuesday’s court filing argues that UnitedHealth repeatedly ignored findings from its own auditors that risk scores were often inflated, as well as warnings by officials from the Centers for Medicare & Medicaid Services (CMS) that the firm was responsible for ensuring the billings it submitted were accurate. UnitedHealth argued that it had done nothing wrong, and said it would aggressively contest the case. “We are confident our company […]
The Trump administration is considering extending a ban on laptops in aircraft cabins to all flights to the US from anywhere in the world, in a move that would create major disruption for passengers and airlines. US homeland security officials who met European commissioners in Brussels this week said that if Washington does extend its ban on large electronic devices, Europe would not be singled out and […]
The citizens of Sweden are perhaps closer to completely giving up a component of their individual sovereignty than any other country on earth. In a world where government’s abuse of power and intrusion into the personal lives of its blissfully ignorant enablers grows more disturbing by the day, at least for now, cash offers the one opportunity to transact in a truly anonymous way. That said, Swedes […]
In a small West Village theater last week, an audience cheered on the Wu-Tang Clan and Bill Murray as they stole a one-of-a-kind rap album from a capitalist caricature. They were watching the new musical about drug-price gouger, apparent twerp and accused fraud Martin Shkreli. The show is silly, fun and maybe went a little too long, which wasn’t too inconvenient because of its talented cast. (Who […]
At the same time, the Palestinian Authority president, Mahmoud Abbas, generally seen as hesitant, or even obstructionist, may to Mr. Trump seem the most accommodating. Continue reading the main story It is at once a case study in why this region is so unpredictable and a test of whether the new president is in over his head or knows something his many failed predecessors did not. “We […]
The warning highlights growing tensions over the vote, which is coming down to two candidates with diametrically opposed ideologies. The incumbent, President Hassan Rouhani, is promising greater freedom and more interaction with the world, while his principal rival, Ebrahim Raisi, is a hard-line cleric arguing for self-sufficiency as a way to fix Iran’s ailing economy. Continue reading the main story The divisions are playing out in provincial […]
Donald Trump in February asked James Comey, then head of the FBI, to halt an investigation into Michael Flynn, the former national security adviser, according to a memo that the law enforcement official wrote at the time. During a private Oval Office meeting with Mr Comey, Mr Trump said: “I hope you can let this go,” in a reference to the FBI investigation into Mr Flynn, according to […]
“It’s a huge burden on the American psyche to have a president go abroad when a sword of Damocles is hanging over them at home,” said Douglas Brinkley, a professor of history at Rice University and an expert on the presidency. “It turns our president, instead of representing the best of America on the road, into a traveling can of worms.” Continue reading the main story Mr. […]
BEIJING China hopes that Sri Lanka can create a good legal, security and public opinion environment for its investment projects in the Indian Ocean country, Premier Li Keqiang told his visiting Sri Lankan counterpart Ranil Wickremesinghe. Chinese investment in Sri Lanka has been controversial. President Maithripala Sirisena is struggling to contain popular opposition to land acquisition for a huge Chinese industrial zone next to Hambantota port in […]
An intense and disturbing 30-part drama series showing what is life like under ISIL and how the terrorist organisation recruits women will make its debut on the MBC television channel during Ramadan. Al Gharabeeb Al Soud (meaning Black Crows) is considered to be the first Arabic television show to delve into the rise of extremism in the region from a female perspective, relying on real-life accounts and […]
British world boxing heavyweight champion Anthony Joshua looks set to fight again in November, with both Dubai and Doha being considered as possible venues, according to the fighter’s promoter. Joshua scored a stunning 11th round knockout win against former heavyweight champion Wladimir Klitschko at Wembley last month, and it now looking towards his next bout. Speaking to media at a press conference this week, the fighter’s promoter […]
“I have been there and, believe me, I have been afraid.” This was how the first African-American Arctic explorer, Matthew Henson, described his expeditions to the North Pole in 1912. It is a feeling novelist Laline Paull can empathise with, for totally different reasons. During her trip to the Arctic, which became the inspiration for her fascinating new novel, Paull’s paralysing fear came from the obvious effects […]
Vodafone redials its Indian impairment numbers. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Hailing from the country that gave India cricket, Victorian railway architecture and a penchant for bureaucracy, Vodafone might have expected a little goodwill on the subcontinent. Instead, India has given the British mobile phone operator a price war, […]
The rumored Moto Z2 Force and Moto Z2 Play just leaked in a new press render that gives a good look at the smartphone’s purported design, front and back. Motorola is expected to unveil its new line of smartphones soon enough and leaks hint at an exciting mix of specs, features, and aesthetics. The latest leak now offers a good glimpse of the purported Moto Z2 Force […]
