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March 2019

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2,634.29 0.60%
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145,512,011
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17
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5,117.94 0.45%
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0.81
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0.81

#Middle East


18/02/2019

Mandarin Oriental’s Newest Resort Makes its Middle Eastern Debut with Tantalizing New Wave of Luxury Room Package

Dubai, UAE – Mandarin Oriental is delighted to introduce the Group’s legendary hospitality to the Middle East with the opening of Mandarin Oriental Jumeira, Dubai which was developed by wasl Asset Management Group, one of the largest real estate development and management companies in Dubai.Located in the heart of Dubai, and a stone’s throw from the water’s edge, the resort is set to bring a new wave of chic design and luxury experiences to the shores of the city. Designed by acclaimed international designer Jeffrey Wilkes, the property features 256 spacious and elegant guest rooms and suites, most with private...
18/02/2019

Blockcerts: KAUST 1st Middle East university to issue blockchain diplomas

King Abdullah University of Science and Technology (KAUST) and Learning Machine Technologies at the end of 2018 become the first institution in the Middle East to issue Blockcerts, blockchain-anchored credentials, according to Unlock Blockchain. Digital diplomas were issued to all KAUST students graduating in December 2018 using the Learning Machine Issuing System. The diplomas were anchored to the blockchain using Blockcerts, the global open standard for portable, secure, and digital records that can be verified as official for a lifetime without cost. Blockcerts were developed jointly by MIT Media Lab and Learning Machine. Jason Roos, CIO of KAUST, explained: “It...
18/02/2019

Wake up to the waves or stare at the skyline – your Mandarin choice!

A spectacular undeterred sea view of the Arabian Gulf on one side and a completely uninterrupted view of the Dubai skyline on the other. Mandarin Oriental Jumeira seems to have got its location spot on with the brand’s first foray into the Middle East region. “For us – as Mandarin – a significant portion of our guests come from the Middle East. Actually having a base and a presence in key Middle Eastern destinations is valuable, not only in terms of the guests that come here, but also setting out a positioning for the brand in the Middle East –...

18/02/2019

Russian big gun rolls out latest hardware for Gulf customers

LONDON: As the region’s biggest military exhibition gets underway in Abu Dhabi, Sergey Chemezov, CEO of Russian defense conglomerate Rostec, spoke exclusively to Arab News about the company’s regional ambitions.What is the expected value of your exports this year? The order portfolio of Rosoboronexport, Rostec’s subsidiary, currently exceeds $50 billion. Russia is the second-largest arms supplier in the world.In 2018, arms and military machinery were supplied to over 40 countries worldwide. In addition, we signed more than 1,100 contractual documents to an amount of over $20 billion, which is nearly one-quarter more than in 2017. The Middle East and North...
18/02/2019

The Soaring AKH Tower is Changing Dammam’s Skyline

Al Dammam, Saudi Arabia (AETOSWire): 2019 Serving as the new headquarters for the prominent Al Abdul Karim Holding (AKH) company in Dammam, the AKH Tower is now open for business. Designed and supervised by Dewan Architects + Engineers, the dramatic 37-storey building ranks as the tallest building in Dammam and the 30th tallest in the Kingdom of Saudi Arabia.Setting out to impress, the striking design of the AKH Tower – with its gleaming glass, geometric patterns and soaring height – is already a talking point in Dammam, the oil capital of Saudi Arabia’s Eastern Province. A compelling sight by day...
18/02/2019

World Class Luxury Bespoke Hospitality Awaits Guests at the St. Regis Abu Dhabi

The iconic and illustrious St. Regis Abu Dhabi invites families and travellers to revel in a selection of imaginative and inspiring experiences designed to create a deeper journey, in a way only The St. Regis Abu Dhabi can. Led by an interesting and dynamic philosophy that centralizes on preserving the landmark’s heritage and history, in addition to investing in enhancing its current products and developing its talents, the hotel’s newest seasonal experiences matches its magnificence with splendor.Already thinking ahead towards the end of the year, the hotel is gearing up to launch the boldly reimagined Asia De Cuba, the fan-favourite...

18/02/2019

Citigroup sees Saudi, UAE as top Mideast markets for deals this year – executive

Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citigroup’s head of investment banking, Middle East and Africa. The US lender, which is working towards a full banking licence in Saudi Arabia, ended a five-decade presence in the kingdom in 2004 but in 2015 won permission to invest directly in the local stock market and last year gained approval to begin investment banking operations. “I can see real interest awareness and potential demand for Saudi exposure,” Azevedo told Reuters on the sidelines...
18/02/2019

Envoy: US working to consult allies on Syria

MUNICH: The US envoy for Syria said his country’s withdrawal from Syria will not be “abrupt” and that Washington is working to ensure allies don’t feel “under-consulted.”President Donald Trump’s decision to pull US troops out of Syria angered some allies, confounded US military officials and prompted Jim Mattis to resign as defense secretary.Speaking at the Munich Security Conference on Sunday, US envoy James Jeffrey said the Trump administration has told allies “continuously since mid-December that ... this is not going to be an abrupt or a rapid withdrawal. It’s going to be an orderly, step-by-step withdrawal.”Jeffrey added: “We are consulting...
18/02/2019

US general in Iraq to focus on final push against Daesh

BAGHDAD: The general overseeing US forces in the Middle East flew into Iraq on Sunday for talks with US and Iraqi officials expected to focus on ensuring that Daesh cannot stage a resurgence after US troops withdraw from neighboring Syria.US Army General Joseph Votel, head of the US Central Command, made no remarks to reporters upon landing in Iraq, where he was expected to get battlefield briefings on the final push to retake the remnants of Daesh’s once vast territory in Syria.Votel was also expected to discuss with officials in Baghdad what impact the US withdrawal might have on Iraq,...

18/02/2019

10 brands that UAE residents cannot live without

Though Apple is closest to the heart of UAE residents, automobile brands dominated the list of top 10 most intimate brands for 2019, a new study released on Sunday revealed. According to the Brand Intimacy 2019 Report from MBLM, Emirates airline jumped four places to 2nd place in the UAE and it is the only brand from the country which made it to the top 10 list. Among others, US auto giant Ford comes third followed by Mercedes-Benz, Audi, Microsoft, Nescafe, Lexus, BMW and YouTube. Despite their popularity and strong penetration, tech giants Google, Facebook and, Samsung didn't make it...
17/02/2019

Polish PM cancels Israel visit amid new Holocaust tensions

WARSAW: A Polish government official says Prime Minister Mateusz Morawiecki will not attend a meeting in Israel starting Monday amid new tensions between the two countries over how to remember Polish behavior during the Holocaust.Michal Dworczyk, who heads Morawiecki’s chancellery, announced the change of plans on Sunday.Netanyahu made an off-hand comment last week during a Middle East conference in Warsaw that “Poles cooperated with the Nazis” — wording suggesting some Poles during the German occupation of Poland participated in killing Jews.He was initially quoted by the Jerusalem Post as saying “the Poles,” which could be taken as blaming the entire...
17/02/2019

Russia's Gazprombank freezes accounts of Venezuela's PDVSA - source

MOSCOW: Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday. While many foreign firms have been cutting their exposure to PDVSA since the sanctions were imposed, the fact that a lender closely aligned with the Russian state is following suit is significant because the Kremlin has been among Venezuelan President Nicolas Maduro’s staunchest supporters. “PDVSA’s accounts are currently frozen. As you’ll understand, operations cannot be carried out,” the source said....