Arabian Post Staff The UAE has emerged as the leading wealth hub in the Middle East, according to Henley & Partners, a global leader in residence and citizenship by investment. A net inflow of approximately 4,500 millionaires is expected in the UAE in...

Arabian Post Staff Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed a three-year official partnership agreement with the leading football champion, Al Hilal Saudi Club. Starting from the 2023/...

Arabian Post Staff May saw a remarkable 40% increase in Dubai property sales transactions, totaling 11,621 and exceeding AED 33 billion in sales value, up 85% from May 2022 and 40% in comparison to April, according to a report by Allsopp & Allsopp. Se...

Arabian Post Staff A Free Trade Agreement (FTA) between China and GCC could be a game changer to boost the region and galvanise Middle Eastern economic transformation, according to a former Lebanese minister. Although the deal is yet to be signed, there i...

Arabian Post Staff UAE ranks three places ahead of Singapore in terms of least complex jurisdictions to set up and operate a business in the global business complexity index, published by TMF Group, a leading provider of compliance and administrative serv...

Matein Khalid My muse is the Kingdom tonight - not the kingdom of heaven but the Kingdom of Saudi Arabia. Prince Abdulaziz reinforced Saudi Arabia's role as the swing producer of OPEC+ at Vienna with a voluntary 1MBD output cut and his energy diplomacy ga...

Mahin Gupta The recent security breach of Atomic Wallet, a popular non-custodial decentralized hot wallet, has resulted in the loss of user assets exceeding $35 million. The hack targeted a range of user wallets within Atomic Wallet, affecting various cry...

Arabian Post Staff MAF Sukuk Ltd, a special purpose vehicle (SPV) issuer incorporated in the Cayman Islands, announced the successful issuance of $500 million trust certificates. The transaction was successfully completed on 1 June 2023 with Citigroup, HS...

Arabian Post Staff UAE banks are in a comfortable net external asset position and their loan to deposit ratios are among the strongest in the region, S&P said in a report on GCC banking. Banks have been accumulating local deposits over the past 15 mon...

By Saifur Rahman Investment Corporation of Dubai (ICD), an investment arm of Dubai Government whose portfolio includes Emirates Airline and Group, FlyDubai, Emirates NBD Bank, Dubai Islamic Bank, Commercial Bank of Dubai, Ithra, Dubai Duty Free and other...

Arabian Post Staff Global HNWI have US$ 2.5 billion to spend on Dubai real estate this year, compared to US$ 3.8 billion spent on homes priced at over US$ 10 million in the emirate last year, according to property consultancy, Knight Frank. Knight Frank’s...

Arabian Post Staff Emirates Airlines has announced a special promotion offering free hotel accommodations to passengers traveling to or stopping over in Dubai for a limited time. According to the airline's statement, the booking period for this offer is a...

Arabian Post Staff Wealth management firm The Family Office announced the inauguration of its new office in the Dubai International Financial Centre, its third office in the GCC after Riyadh and Manama. The new office will offer a wide range of wealth man...

Arabian Post Staff The World Bank has projected that the UAE non-oil sector will achieve strong growth of 4.8 percent in 2023, driven by robust domestic demand, particularly in tourism, real estate, construction, transportation, and manufacturing sectors....

Arabian Post Staff Abu Dhabi Motorsports Management (ADMM) and Flash Entertainment (Flash) have officially integrated their activities and operations, combining the complementary expertise of the two entities to launch a new powerhouse that will shape the...