Tag: featured
Emirates Group reports record profits of $2.7 billion
Saifur Rahman, Executive Editor State-owned Emirates Group — which includes Emirates Airline, the world’s biggest carrier of international passengers and its ticketing and ground handling subsidiary Dnata, reported a 138 percent jump in profits to a recor...
Gaza war to hit MENA economies, says S&P
Arabian Post Staff Beyond the catastrophic loss of life and costly damage to infrastructure, the war between Israel and Hamas will have repercussions for other economies in the Middle East and North Africa (MENA), Standard & Poor’s said in a report. A...
Dubai Holding unit completes US acquisition
Arabian Post Staff Dubal Extrusion Investment (DEI), a company under Dubai Holding, has completed the acquisition of Thermalex Inc – an aluminium extrusion company specialized in aluminium multiport extruded tube (MPE) located in Montgomery, Alabama, USA....
Dubai signs memos to enhance digital ecosystem
Arabian Post Staff Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four Memorandums of Understanding (MoUs) to enhance the emirate’s digital ecosystem. The agreements with Mastercard,...
Virgin Atlantic returns to Dubai after 2019
Arabian Post Staff Virgin Atlantic’s returned to Dubai International Airport (DXB) for the first time since March 2019. The UK-based airline re-commenced its flights from London Heathrow Airport (LHR) on 30 October, with a four-weekly service to cater for...
UAE leads in Arab list of 500 largest firms
Arabian Post Staff Fortune 500 Arabia, the list that ranks the 500 largest corporations in the Arab region according to their annual revenues, reveals that the UAE is home to the headquarters of 87 Fortune 500 Arabia companies, marking approximately 17% o...
Rating agencies use norms not relevant to emerging markets
Arabian Post Staff ESG rating agencies are one of the main barriers to increasing investment in emerging markets, with a core challenge being that many rating agencies use KPIs that are not relevant to emerging markets, a study by Future Investment Initia...
Masdar signs 1GW solar, wind projects in Azerbaijan
Arabian Post Staff Abu Dhabi Future Energy Company Masdar has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region’s largest operational solar plant, the 23...
Himalaya sets up AED200m Dubai plant
Arabian Post Staff Himalaya Wellness has broken ground for its upcoming state-of-the-art herbal pharmaceutical factory that will produce tablets, capsules, liquid orals, and ointments at Dubai Industrial City. ADVERTISEMENT Phase one of the factory will b...
UAE raises its rule of law score despite the world faring poorly
K Raveendran The United Arab Emirates is among the few countries in the world to see the Rule of Law Index score increase this year. The UAE achievement is all the more remarkable as a majority of countries have seen rule of law being eroded this year. ...
Autonomous vehicle industries cluster in Abu Dhabi
Arabian Post Staff ADX-listed provider of AI-powered geospatial solutions Bayanat signed memorandums of understanding (MOUs) with Xcalibur Multiphysics, the worldwide leader in airborne geophysics, and Teledyne Geospatial, the global leader in sensors and...
Emirates, Malaysian airlines in codeshare deal
Arabian Post Staff Emirates and Batik Air Malaysia announced a codeshare agreement, allowing Emirates’ customers to access 5 domestic Malaysian cities and 3 regional South East Asia points operated by Batik Air via Kuala Lumpur International Airport (KLIA...
Japan-UAE non-oil trade up to $7.4 billion
Arabian Post Staff In the first half of 2023, the UAE and Japan shared non-oil trade worth US$7.4 billion, a rise of 4.2 percent compared to the same period in 2022. ADVERTISEMENT The UAE’s non-oil exports to Japan exceeded US$718 million, while imports f...
Chinese carrier starts daily direct flight to Doha
Arabian Post Staff Xiamen Airlines has become the first Chinese carrier to offer direct flights from China to Qatar. ADVERTISEMENT On October 20, a Boeing-787 of Xiamen Airlines departed from Beijing Daxing International Airport for Hamad International Ai...
DIC signs up strategic German partnership
Arabian Post Staff Dubai Internet City has signed a strategic partnership with German Entrepreneurship GmbH to strengthen the start-up and entrepreneurship ecosystem in the UAE and beyond. ADVERTISEMENT Under the terms of the agreement, Dubai Internet Cit...