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Yazan Mohamad Al Nasser appointed CFO bringing more than 30 years of financial experience Experience in property and retail will benefit DIFC with expansion of the district underway 14 January 2017 Dubai, UAE – Yazan Mohamad Al Nasser has been appointed as the new Chief Financial Officer for the Dubai International Financial Centre Authority, the body overseeing the leading financial centre in the Middle East, Africa and […]

‘Contemporary art is not a decoration, it is a statement. It is a wonderful ­seismograph of our societies and realities.” These words were part of the opening speech given last week by founder Lorenzo Rudolf at the seventh edition of Art Stage Singapore in the South-east Asian island city. Rudolf, from Switzerland, has made it his mission to champion those sentiments since 1991, when he took over […]

Not only is Kim Kardashian one of the most beautiful women in the world, she is one of the most high-profile too. This month, she returned to social media for the first time since she was robbed at gunpoint in Paris on October 3. With the eyes of the world’s media on her, and determined to make a fresh start after a traumatic year, Kardashian made her […]

12 January 2017 Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announces that Flynas in which KHC owns a 34.08% stake, finalizes a $8.6billion deal with Airbus for the purchase of new aircrafts. The ceremonial event will take place on Monday 16th January 2017. -Ends-  About Kingdom Holding Company:Founded in 1980, KHC is a publicly traded company which was listed on […]

The late Mahatma Gandhi said that “the greatness of a nation and its moral progress can be judged by the way its animals are treated”. So when the President, Sheikh Khalifa, issued a Federal Law to directly address the issue of animal cruelty in the UAE we knew exactly where the country’s moral compass was pointing. Everything from the ownership of exotic or wild animals to the […]

Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]

There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]

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Citadel Securities, one of the largest traders on the US equity market, has agreed to pay $22.6m with US markets regulators to settle charges it misled customers over the prices they were getting for some of their deals. The Securities and Exchange Commission said on Friday that two of the algorithms Citadel used to execute orders on behalf of retail investors had not sought to obtain the […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A Detroit cop who used Facebook to refer to city residents as “garbage” and came pretty close to bragging about police brutality has retired, the city’s police chief announced Thursday. And at the heart of it all is a single […]

US chemical giant Dow has announced the “topping out” of its new innovation centre in Saudi Arabia, which is expected to become operational in the second half of 2018. Dow chairman and CEO Andrew Liveris reported good progress in the construction of the Dow Middle East Innovation Centre at King Abdullah University of Science & Technology (KAUST) in Saudi Arabia. Liveris said: “When the new Dow Innovation […]

Throughout the presidential campaign and since Donald Trump’s election, former diplomats, retired generals, and foreign-policy analysts have attempted to decipher, explain, and predict his foreign-policy strategy. Will he pursue the big-stick model of Teddy Roosevelt? Embrace a neo-Nixonian “madman” strategy? Is Trump actually a champion of foreign-policy realism, or perhaps no realist at all? But all those questions make the same mistake — they assume the incoming […]

BlackRock says it will raise its quarterly dividend after reporting the largest net inflows of new client money in its history in 2016, despite a 5 per cent fall in net income for the year. Reporting its fourth quarter and full-year results, the world’s largest asset manager said that it took in total net inflow of $202bn in 2016, as its total assets under management rose by […]

Can Technology Solve India’s Biggest Problem? India’s government is giving a unique ID to each of its 1.2 billion citizens, creating the world’s largest biometric data set. But some are questioning Prime Minister Narendra Modi’s decision to use technology to solve the country’s most critical problems: poverty and corruption. Photo: Karan Deep Singh/The Wall Street Journal By Gabriele Parussini Jan 13, 2017 12:56 pm IST 0 COMMENTS […]

DUBAI // A global summit in Dubai next month will include forums on happiness, climate change and food security, and Arab youth. The World Government Summit will be held from February 12 to 14 under the patronage of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Mohammed Al Gergawi, Minister of Cabinet Affairs and the Future, described the summit as dedicated to shaping the future […]

Takata, the Japanese automotive supplier at the centre of a global recall crisis over its exploding airbags, is expected to plead guilty as early as Friday to criminal wrongdoing in the US, as the Obama administration targets the global auto industry with a final burst of fines over environmental and safety issues. Takata is expected to agree to a criminal settlement with the Department of Justice on […]

After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually deliver all the promised cuts? A group of companies believe that they are positioned to deliver that answer, trumpeting their years of experience tracking global oil flows, using everything from modern satellite technology […]

European plane maker Airbus has ruled out plans to develop the A380neo, despite Emirates “challenging it for the new version”. In May 2016, Emirates president Tim Clark said the Dubai carrier would buy more of the A380 superjumbo, even if Airbus decided not to press ahead with the more fuel efficient ‘Neo’ version. Emirates is the world’s largest operator of A380s, having 89 aircraft currently in its […]

Donald Trump’s upcoming presidency has led many investors to size up oil, coal and gold trades that could benefit from the sweeping changes he has promised. But a growing band of specialist commodity traders think investors may be overlooking the one raw material in line for bigger price gains than others when the US president-elect takes office: uranium. While interest in the key fuel for nuclear power […]

11 January 2017 A new report from the Arab Advisors Group analyzes the cellular tariffs for 42 cellular operators in 16 Arab countries. The analysis revealed that the average prepaid package rate was US$ 70.82, while the average postpaid package rate was US$ 47.77. Lebanon had the highest prepaid and postpaid average package rates, while Sudan and Morocco had the lowest postpaid average package rates. The analysis […]

Volkswagen will plead guilty to three felonies and pay $4.3bn in penalties to settle a US Department of Justice investigation into the diesel emissions scandal that has engulfed the German carmaker for the past 15 months.  Six VW executives based in Germany have also been indicted in connection with the case, including Oliver Schmidt who was arrested in the US on Monday, said Loretta Lynch, US attorney-general. “For years, […]

|By Arabian Post Staff| Although smartphone sales growth rate is slowing down worldwide, the Middle East and North Africa (MENA) region is witnessing an increase in sales. Smartphone shipment to the MENA region reached 171.2 million in 2016, up from 157.5 million, according to Statista.com – a global portal of statistics that collects information from 18,000 sources. This also means that the Middle East mobile market is […]

Saudi Arabia plans to follow its record breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdom’s budget deficit and invest in economic diversification away from oil and is likely to appeal to regional investors in the Gulf. Last year, […]

Black Nazarene devotees participate in the Traslacion, January 9, 2017. Photo by Bernard Testa, InterAksyon. On Monday, January 9, thousands of devotees thronged the streets of Manila to once again take part in the traslacion procession where the image of the Black Nazarene is brought back to its home in Quiapo Church. The Traslacion, literally “moving something from one place to the other” in Spanish, is the […]

Jan. 10, 2017 DUBAI, United Arab Emirates– (BUSINESS WIRE/ME NewsWire)  GMO GlobalSign K.K., a leading provider of trusted identity and security solutions and one of the longest established Certificate Authorities in the world, today announced the inauguration of its new office in Dubai. The local entity, GMO GlobalSign FZ-LLC, based in Dubai Internet City, is strategically located to cater to further strengthen GlobalSign’s presence in Asia, particularly […]

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