Arabian Post Staff Sales transactions in Dubai’s off-plan and secondary segments in Q3 2022 were the highest in 12 years, both in volume and value with 25,456 sales transactions worth AED 69.7 billion, according to Swiss luxury developer DHG Properties, w...

Arabian Post Staff The Russia-Ukraine war and NATO bids have driven recent Distributed Denial of Service (DDoS) attacks growth, according to the findings of 1H2023 DDoS Threat Intelligence Report by Netscout Systems. Cybercriminals launched approximately...

Arabian Post Staff A fund with an initial corpus of $1 billion, named ASI BNP QLV Fund, has been launched aiming to serve as a bridge connecting India, the UAE, and Poland. ADVERTISEMENT Those associated with the fund are Sheikh Ahmed Al Qassimi, a UK-Ind...

Arabian Post Staff The United Nations Development Programme (UNDP) and the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) teamed up with the online learning platform, Coursera, to launch the FutureSkills4All initiative — a transformative progr...

Arabian Post Staff Airport Handling, a joint venture of leading global air and travel services provider dnata, has been awarded a multi-year contract by Hainan Airlines to manage its ground handling operations at Milan Malpensa Airport (MXP). ADVERTISEMEN...

Arabian Post Staff Gulf Capital announced it has exited from its investment in Metito Holdings Ltd. after a  17-year partnership by leading the consortium that sold a majority stake in Metito to Alpha Dhabi Holding , one of the United Arab Emirates’ (UAE)...

Arabian Post Staff UAE’s state-owned renewable energy company Masdar will take final investment decisions later this year on the company’s first UK battery projects, CFO Niall Hannigan recently told S&P Global Commodity Insights in an interview. ADVER...

Arabian Post Staff Bahrain has taken significant regulatory steps to create a favorable environment for fintech, including the introduction of a fintech unit at the Central Bank of Bahrain (CBB), a regulatory sandbox, and new regulations for the digitaliz...

Arabian Post Staff Dubai Airport leads the preliminary direct connectivity ranking for 2023 in Middle East and Asia-Pacific, according to the Airport Connectivity Report, launched by the Airports Council International (ACI) Asia-Pacific and Middle East (A...

Arabian Post Staff Dubai International Financial Centre (DIFC) added a number of new insurance players in recent times, thereby strengthening Dubai’s position as a global hub for the insurance and reinsurance industry. The  sector is on track for 20 per c...

Arabian Post Staff Nakheel announced the  launch  of Palm Jebel Ali to the market, announcing the release of the first villas available to purchase on the island. This follows the recent unveiling of the new futuristic masterplan  earlier this year. ADVER...

Arabian Post Staff Energy giant Aramco has agreed to purchase a 100% equity stake in Esmax Distribusción SpA from Southern Cross Group, a Latin America-focused private equity company. The transaction is subject to certain customary conditions, including r...

Arabian Post Staff Lunate, a new partner-led and independent global alternative investment manager, announced plans to launch more than $50 billion of Assets under Management (AuM), making it one of the largest in the MENA region. The creation of Lunate f...

Arabian Post Staff Higher interest rates and OPEC oil production cuts will constrain near-term growth prospects for the major Gulf Cooperation Council (GCC) economies, but non-oil growth and, consequently, credit growth in the UAE and Saudi Arabia remain...

Arabian Post Staff Sukoon, formerly Oman Insurance, has acquired the UAE Life insurance portfolio of Chubb Tempest Life Reinsurance Ltd. An agreement to this effect was signed on August 24th, but the financial terms of the transaction were not disclosed....