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....

K Raveendran Prime minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman Al Saud, who is on a state visit to India, co-chaired the first leaders’ meeting of the Strategic Partnership Council, a bilateral agreement between India and Saudi Arabi...

K Raveendran Xi Jinping’s loss is Joe Biden’s and Narendra Modi’s gain. ADVERTISEMENT The Chinese president’s absence at the Delhi G20 summit under the presidency of India was used by both to mount a serious challenge to Xi’s favourite Belt and Road initi...

Arabian Post Staff AFAQ and BUNA systems have helped improve payments in the GCC region, Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank, stressed while speaking at the Global Fintech Fest 2023. ADVERTISEMENT AFAQ system was cr...

Arabian Post Staff Dubai International Financial Centre (DIFC) has enacted amendments to the Data Protection Regulations. The amendments enhance the current data protection framework, keeping the Centre at the forefront of data protection in the region. A...

Arabian Post Staff Abu Dhabi Commercial Bank has announced that it has successfully priced a USD 650 million green bond, the proceeds of which will be used to finance eligible green assets as outlined in ADCB’s Green Bond Framework. ADVERTISEMENT The gree...

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