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Agreement allows healthcare organisations registered within the DHCA to operate inside the DIFC Partnership is in line with government’s wellbeing initiatives to broaden healthcare provision and access across the Emirate Move will continue to increase the international attractiveness and competitiveness of the DIFC community Dubai-UAE: 27 January 2017  Dubai International Financial Centre (DIFC) Authority, the entity overseeing the largest financial centre in the Middle East, Africa and […]

The landscape of public transport is changing across the world. Not long ago, the only option for people who did not have their own car was to queue for a paper ticket and squeeze into a sardine-can bus or train. Today, the new normal is to download a ‘smart’ app and book a point-to-point ride for an ever-diminishing cost. Ride-hailing apps such as Uber and Careem are […]

UBS finished a tough 2016 on an upbeat note, with an unexpectedly strong increase in fourth-quarter profits, and has predicted improved US investor confidence would this year boost its wealth management businesses. However, Sergio Ermotti, chief executive, warned the more positive US trends were not mirrored globally, and UBS’s shares fell 1.2 per cent in early trading as analysts raised concerns about unexpected fourth-quarter outflows of clients’ […]

Friday 08:25 GMT Overview The US dollar is in the ascendancy as the currency once again benefits from hopes for a stronger US economy — optimism that also has helped push Wall Street to record levels. European bourses are mixed after a holiday-thinned Asian session. Commodities are muddled, with oil firmer but gold on the back foot. Hot topic The US dollar is in focus as it […]

January 26, 2017 by: Adam Samson and Mamta Badkar in New York The Dow Jones industrial and transportation averages on Thursday both closed at new highs in a bullish signal for one of Wall Street’s oldest investment theories.  The two US equity benchmarks, which date back to the 19th century, have not recorded highs one after another since December, after which the duo began to diverge as the Trump […]

If only a portion of Saudi Arabia’s National Transformation Programme is implemented, there will be dramatic change, one of the kingdom’s most influential lawyers assures. “If we can cover 50 percent of what is the aspiration in the Vision 2030, the kingdom will be doing much better,” the Saudi country director of international law firm White & Case, Doug Peel, says. “My view is that it’s a […]

|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]

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|By Arabian Post Staff| UAE telecom revenue reached Dh31.9 billion in 2015, according to the country’s Telecommunication Regulatory Authority’s (TRA). Mobile revenue decreased 8.57 per cent to Dh23.34 billion in 2015 from Dh25.53 billion in 2014. UAE residents spent 31.49 billion minutes using mobile phones in 2015, up from 28.70 billion minutes in 2014. Mobile phone subscriber base reached 17.94 million in the UAE while fixed telephone […]

NRL builds on its 2016 accreditation success by being thought leaders at key medical and laboratory events in 2017, including Arab Health and MEDLAB – two of the largest healthcare congresses in the world and a UAE-first event held in collaboration with the Clinical and Laboratories Standards Institute (CLSI) NRL builds on its 2016 accreditation success by being thought leaders at key medical and laboratory events in […]

Johnson & Johnson is to acquire Swiss biotechnology company Actelion for $30bn in a complex deal that will see Actelion’s founder heading a standalone spin-off research company based and listed in Switzerland. The world’s largest healthcare company is offering Actelion shareholders $280 per share in an all-cash offer — as well as shares in the new research and development company headed by Jean-Paul Clozel, the Swiss group’s […]

Agreement exchanged in presence of HH Sheikh Mohamed bin Zayed and India’s PM Narendra Modi Abu Dhabi, UAE – January 25, 2016  In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves […]

  Dubai, January 25, 2017 SAMENA Telecommunications Council, the tri-regional, non-profit telecommunications industry association that embodies a community of South Asian, Middle Eastern, and North African telecoms operators, manufacturers, and specialist ICT firms, moderated a regulatory roundtable on spectrum management at the 3rd Annual MENA Spectrum Management Conference held in Dubai on 24 – 25 January. The conference, which was hosted by Telecommunications Regulatory Authority (TRA) in […]

Your daily guide to community and cultural activities across the Emirates for January 26, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Al Ain Cultural event Attend an Evening at the Oasis as part of the Visit Al Ain annual programme of cultural activities and events. Celebrate the city’s past and vision for the future during […]

The New York Stock Exchange is planning a direct challenge to its smaller rival IEX with a “speed bump” at one of its trading venues, in the latest example of ways that participants in the world’s largest equity market are experimenting with speed. NYSE intends to apply to regulators to allow a delay of 350 microseconds to trades on its NYSE MKT exchange for small and mid-cap […]

Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]

Abu Dhabi will be the host of the 2019 Special Olympics World Games, the world’s largest humanitarian and sporting event – the first time the event has been held in the Middle East. The games will take place in venues throughout Abu Dhabi from March 14-21 2019, state news agency WAM reported on Tuesday. The Special Olympic World Games celebrate the skills, talents and sporting achievements of […]

Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]

Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]

Leading above-the-neck protection PPE manufacturer outlines its global re-launch at Intersec and commitment to driving safety standards the region 24 January, 2017, Dubai, UAE: Centurion, world leaders in above-the-neck protection, have today officially unveiled a major global rebrand and focus on the Middle East at the Intersec trade fair in Dubai. This follows news of Centurion putting in place manufacturing tools to mould products for the region […]

Indian Prime Minister Narendra Modi is set to speak with U.S. President Donald Trump on Tuesday in a conversation that will set the tone for future relations between the world’s largest democracies. New Delhi hopes it can begin to decipher what the country’s top diplomat, S. Jaishankar, last week called a world in 2017 filled with “known and unknown unknowns”—a reflection on the rapidly-changing global landscape marked […]

DUBAI // Pupils from across the country listened as satellite engineers from the Mohammed Bin Rashid Space Centre shared their experiences and discussed the obstacles they had to overcome to develop the nation’s first satellites. Speaking at the Project Space Forum on Tuesday, Salem Al Marri, assistant director-general for scientific and technical affairs, explained how in 2006, a group of young Emirati engineers went to South Korea […]

Johnson & Johnson, the world’s largest healthcare company, blamed a stronger dollar as it forecast that 2017 profits and sales would fall below Wall Street expectations, sending the group’s shares down by more than 2 per cent. Dominic Caruso, chief financial officer, said it appeared that many Wall Street analysts had not updated their models to account “for the negative impacts of currency movement” as J&J became […]

Emirates airline has announced that it will operate the first ever scheduled commercial Airbus A380 flight to South America when it upgrades its Dubai–Sao Paulo service on March 26. Replacing the existing Boeing 777-300ER used on this route, the A380 service will mark the airline’s 10th year of operations in Brazil, which it began with daily flights between Dubai and Sao Paulo in October 2007. In 2012, […]

Now: The Best of Indie Arabia Various artists (Universal Music Mena) Five stars To expats of a certain age, the “Now..!” brand of music compilation albums are synonymous with the kind of plastic pop wheeled out at social gatherings in the days before iPods or YouTube. Since 1983, the brand has shifted more than 100 million copies across five continents. Compiling the biggest hits of the day […]

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