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HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // Elephant calf on death line airlifted for treatment in Gujarat // Motorola introduces Signature 27 flagship priced at $1,599 // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // ADNOC secures decade-long LNG supply pact with Gujarat Energy // Oil advances towards $100 as tanker attacks persist // Emaar approves Development buyout ahead of planned delisting // Microfinance case trouble for Vellappally // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // CM disputes Vijayan’s claims // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // OpenAI introduces GPT-6 Cyber with restricted security access // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // TVM –Mangaluru Vande Bharat claims top spot // HKUST President and Chinese Academy of Sciences Academician Prof. Nancy Ip Receives UNESCO Honor for a Second Time // Technology shares plunge as Nasdaq enters correction // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Ousted top Kochi cop gets IG post // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 //

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|By Arabian Post Staff| UAE-based multinational company, Crescent Enterprises, has announced the successful closing of its investment in ColubrisMX and XCath, two next-generation micro-robotic medical device companies through its newly launched corporate venture arm, Crescent Enterprises Venture Capital (CE-VC). Developed at the University of Texas Medical School’s Microsurgical Robotics Laboratory and incorporated in Texas, USA, both companies design and develop next-generation robotic technologies that are expected to revolutionise […]

|By Arabian Post Staff|ADNOC plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources, the company announced. ADNOC will spend over AED 400 billion over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects, the company announced. The Supreme Petroleum Council (SPC) approved ADNOC’s key strategic […]

|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 K Raveendran| The arrest of wealthy Saudi prince Al Waleed, whose investments ranging from Citibank to Apple to Twitter, making him the most high profile Arab investor on the global stage, may involve more than internal power struggle within the Saudi ruling establishment and the new Crown Prince’s spirited fight against corruption. Al Waleed may have paid a heavy price for his spat with Donald Trump […]

|By Arabian Post Staff| Abraaj Group, the emerging markets-focused private-equity firm, is delaying the initial public offering of South African food and household products maker Libstar Holdings Ltd., reports quoting people familiar with the matter said. The firm had been working with JPMorgan Chase & Co. and Standard Bank Group Ltd. on a sale expected to raise about $300 million, aaccordding to these reports. Abraaj, which bought […]

|By Matein Khalid|Emaar Properties will sell 20% of its UAE development portfolio in an initial public offering in November. This is the first IPO in the UAE capital markets in the last three years and follows bellwether offerings such as Emaar Malls and Emaar Misr. Emaar’s Dubai development’s adjusted net value is 24.1 UAE dirhams and I would not be surprised if the post IPO revalues the […]

|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 […]

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|By Arabian Post Staff|The Saudi government is not in talks with Chinese or other investors to sell a stake in Aramco, CEO Amin Nasser clarified. Aramco was reported to be planning to list nearly five percent of its shares in the stock market, which may now be done through an IPO. Nasser dismissed reports that the oil giant’s plans could be shelved and confirmed that the offfering […]

|By Arabian Post Staff| Abu Dhabi Commercial Bank  reported net profit of AED 3.206 billion for the nine month period ended 30 September 2017. The figure was 2% higher than the the previous level. Total net interest income and Islamic financing income of AED 4.983 billion was up 8% while operating income of AED 6.585 billion was up 4%, and operating expenses of AED 2.147 billion was […]

|By Arabian Post Staff| Nasdaq Dubai announced the listing of a $200 million bond by Investment Corporation of Dubai (ICD), which was made under ICD’s Euro Medium Note Programme of $2.5 billion. It is the second conventional bond listing by ICD on Nasdaq Dubai, following a $300 million bond listing in May 2014. ICD also has two Sukuk listed on Nasdaq Dubai. These are a $1 billion […]

|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| Middle East Venture Partners (MEVP)  announced the launch of its third MENA venture capital fund – the Middle East Venture Fund III (MEVFIII) – with a target size of $250 million. MEVFIII will invest in innovative early-stage and growth-stage tech companies in the MENA and Turkey region. The launch of the new fund follows the announcement in May 2017 that Mohamed Alabbar and MEVP […]

|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| DP World Limited announced it has entered into agreements to acquire Maritime World LLC, owners of Dubai Maritime City, and Drydocks World LLC for a total cash consideration of $405 million. Of this, the Dubai Maritime City owners are to be acquired  for $180 million while the Drydocks World  for a cash consideration of $ 225 million. DMC is a world class maritime […]

|By Arabian Post Staff|New issues for the remainder of 2017 are estimated to be in excess of USD 20 billion, as a result of favourable market conditions, according to Fisch Asset Management. An encouraging landscape for new bond issuances in the GCC will likely see a USD sovereign deal between Saudi and Bahrain, while Oman is anticipated to confirm new issues, depending on the size of deficits. […]

|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| The UAE Federal Tax Authority (FTA) announced that it will open online registration for tax purposes for businesses in mid-September 2017. The announcement was made at a media briefing by the FTA to familiarise with various aspects of the FTA’s work. The briefing also covered the implications of the tax procedures for boosting the momentum of the UAE’s sustainable economic development. Khalid Ali […]

|By Arabian Post Staff| SHUAA Capital, the UAE’s premier integrated financial services firm, announced it has entered into an agreement with Integrated Financial Group (IFG), towards the acquisition of Integrated Capital and Integrated Securities. The signing of the agreement follows the completion of the due-diligence process initiated in March. The strategic acquisition, which remains subject to regulatory approvals, of two of the UAE’s most active and successful financial […]

This glimpse of the future was crafted by: Kate Yoxall When Nicolaus Copernicus proved in the 16th century that the earth actually revolved around the sun, he did more than inflict a breathtaking blow to the human ego. He threw a new paradigm into the atmosphere. Soon brows began to furl with questions around the way that society was configured; if the earth itself was not the centre of […]

|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 […]

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 […]

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 […]

Australian enterprise software provider TechnologyOne has announced its enterprise software-as-a-service (SaaS) solution has been certified to the highest standard by the federal government. According to TechnologyOne, it is the first and only company in the country to receive the certification from the government’s Information Security Registered Assessors Program (IRAP), an initiative from the Australian Signals Directorate (ASD) aimed at providing high-quality IT services to government in support […]

This week’s 20th anniversary of Amazon’s initial public offering has thrown into sharp relief the stagnation of the US public equity listings market. Finger-pointing by some at the regulatory requirements of going public — which can be burdensome and costly for small companies — is now yielding to a discussion about longer-term headwinds such as the ready availability of private funding for young companies and the culture […]

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Just in:
HKUST President and Chinese Academy of Sciences Academician Prof. Nancy Ip Receives UNESCO Honor for a Second Time // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // ADNOC secures decade-long LNG supply pact with Gujarat Energy // Private varsities bill all set to face the axe // ADIA subsidiary seeks $7.5 billion private investment financing // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // Technology shares plunge as Nasdaq enters correction // Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // Excise chief shunted out in bar licence dispute // OpenAI introduces GPT-6 Cyber with restricted security access // Motorola introduces Signature 27 flagship priced at $1,599 // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Microfinance case trouble for Vellappally // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Emaar approves Development buyout ahead of planned delisting // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // CM disputes Vijayan’s claims // OpenAI abandons secrecy agreements for future data centres //