Package from HK$6,888nett only for room; with an option to include daily Indian Lunch and Dinner HONG KONG, CHINA – Media OutReach – 27 August 2020 – Amidst the pandemic, Dorsett Wanchai, Hong Kong, one of the best quarantine hotels located in between the bustling Wan Chai and Causeway Bay districts – is committed to ensuring every returnee from India, as well as businessmen in Hong Kong to enjoy […]
By Matein Khalid While brick and mortar property in Dubai is in a vicious bear market spiral, the COVID pandemic has been a dramatic money making opportunity in the shares of industrial property landlords. I had recommended the shares of Prologis (PLD), the NY listed logistics REIT at $60 on April 15th, 2018 and had it published in my media columns in the GCC and Britain. Prologis […]
Overall property market sentiment improves as the number of people expecting higher property prices next year doubles HONG KONG, CHINA – Media OutReach – 4 August 2020 – Citi Hong Kong conducted a survey in June this year on the impact of COVID-19 on residential property ownership in Q2 2020, gauging residents’ attitudes towards residential property ownership as COVID-19 unfolded. According to the survey: More than 10% of the […]
He also noted that the price-performance of properties located near transit stations has seen growth in several global cities, and areas built around metro links at affordable price points, like those in Discovery Gardens and in the Jebel Ali area, are expected attract both owner-occupiers and renters, which is likely to underpin population growth in these parts of the city. “Typically, when residential real estate is made […]
HONG KONG, CHINA – Media OutReach – 30 July 2020 – Crowdfunding, which has seen its popularity skyrocket with the rise of high profile platforms the likes of Kickstarter, GoFundMe and IndieGoGo, has often been hailed as a “democratising force” in finance, allowing enterprising individuals to launch new and innovative ventures while bypassing traditional sources of funding they would otherwise be unable to access. In a recent […]
SINGAPORE – Media OutReach – July 21, 2020 – Senoko Energy, one of Singapore’s largest and most established energy companies, today launched a pilot project to introduce peer-to-peer (P2P) trading of renewable energy in collaboration with Singapore’s foremost energy innovation company, ELECTRIFY, and ENGIE Factory, the venture arm of French multinational electric utility company, ENGIE. Sponsored by ENGIE Factory, the initiative will enable Singapore households and […]
Offline Retail Performance Starts Picking Up E-commerce Sales Continues to Grow HONG KONG, CHINA – Media OutReach – 17 July 2020 – The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. (“China Dongxiang” or “the Company”, together with its subsidiaries, “the Group”, HKEx stock code: 3818) announces its operational results for the three months ended 30 June 2020 (”FY2020/21 Q1”). For the FY2020/21 Q1, […]
SINGAPORE – Media OutReach – 8 July 2020 – There is no need to wait for your next flight to purchase tax and duty-absorbed alcohol from Singapore Changi Airport! Non-travellers can now browse and buy from over 100 liquor brands, including exclusive items, on the airport’s e-commerce platform, iShopChangi. On top of the regular tax and duty-free savings, enjoy up to a stunning 50% off over 600 wines, spirits, craft […]
Middle East and North Africa (MENA) construction sector is expected to be bit by the triple whammy of lower oil production, low oil prices and contracting non-oil sectors. Data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4%, down from the previous forecast of 1.4%, in light of continued spread of COVID-19. Amid the worsening situation with regards […]
The Caribbean island of Grenada has opened a Consulate in Dubai, United Arab Emirates, to further develop economic, cultural and scientific ties between the two countries. The Consul General said she was delighted to be opening Grenada’s first Consulate in the Middle East. “It is a pleasure to be representing Grenada in the UAE,” said Rose-Ann Benjamin, Grenada’s Consul General. “I’d like to thank the Government of […]
JOHANNESBURG, SOUTH AFRICA – EQS Newswire – 24 June 2020 – As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it. Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity” for governments to phase-out fossil fuel […]
George The novel coronavirus, also known as COVID-19, has halted activity across the globe. Businesses are closed, flights cancelled, people are required to stay at home, social distancing is the new norm, and widespread fear of contracting the virus is rampant. Sadly, scammers continue to take advantage of people in numerous ways during these complicated times, including using the coronavirus pandemic to develop new schemes to line […]
By Hassan Ali Mansoor Like a raging bull, Covid-19 has swept through the world. Besides infecting millions of people and resulting in the killing of hundreds of thousands of people, it has also brought the global economy to a standstill and disrupted existing projections of capital markets and cash liquidity. Banks and financial institutions have been forced to review their existing policies and projections, governments around the […]
By James M. Dorsey Europe is progressively being sucked into the Middle East and North Africa’s myriad conflicts. As if wars on its doorstep in Libya and Syria were not enough, UAE support for an Eastern Mediterranean pipeline that could hurt Qatar economically — combined with Greek, Cypriot and French opposition to Turkish moves — leaves Europe with few, if any, options but to get involved. Europe’s […]
By Andrew Brinded In 1991, the renowned technology journalist Stewart Alsop made a famously wrong forecast. “I predict that the last mainframe will be unplugged on March 15, 1996,” he wrote. But 23 years later, the mainframe is still going strong. For me, this underlines why it’s a myth that IT is a fast-moving sector in which revolutionary changes occur at lightning speed. The R&D side of […]
by James M. Dorsey The Middle East is at a crossroads. The coronavirus pandemic and its economic fallout confronts regional leaders with a stark choice: dial down tensions to open the door toward cooperation in tackling existential challenges or risk ever more aggravated political and economic threats enhanced by a potential wave of social protest. A second wave of the coronavirus pandemic is raising its ugly head. […]
Arabian Post Staff Companies in the United Arab Emirates expect increased delays in payments, a growing risk of default and an overall weakening in business performance as the country copes with the disruptive impact of COVID-19, according to Atradius’ latest Payment Practices Barometer survey. With an economy struggling from the collapse in oil prices and major sectors, such as trade and tourism, hit by the pandemic, 53% […]
Atradius’ Payment Practices Barometer highlights the importance of risk management to Asian businesses HONG KONG, CHINA – Media OutReach – 10 June 2020 – Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the disruptive impact of COVID-19, according to Atradius‘ latest Payment Practices Barometer survey. With an […]
Residential Sale & Purchase Agreements in May rose to 5,984, the highest level in the past year Prices at representative estates are down by around 0.5%-10.8% year-to-date With 19 major deals, the property investment market has not rebounded yet in Q2 as buyers and vendors remain on the sidelines amid the continuous uncertainties. HONG KONG, CHINA – Media OutReach – 9 June 2020 – As the local coronavirus outbreak gradually […]
by James M. Dorsey Rejiggering security arrangements in the Gulf may be a more pressing issue than meets the eye. That is not good news for the Gulf states. It is also bad news for China, which could see the rug pulled out from under its studious effort to remain on the sidelines of the Middle East’s myriad conflicts. China and the Gulf states are in the same […]
By James M. Dorsey A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war. More immediately, the decision averts a significant deterioration in relations between the United States and […]
