Author: Arabian Media staff
Image credit: WAM Emirates Post has launched a commemorative stamp in partnership with Arab postal administrations to mark Arab Postal Day, celebrated annually on August 3. The stamp highlights the evolving role of postal services in fostering community connection and supporting socio-economic development across the region. Read-Ramadan in Dubai: Visitors welcomed with a special stamp According to the Emirates News Agency (WAM), the initiative underscores Emirates Post’s commitment to pan-Arab cooperation and advancing regional integration within the postal sector. The stamp design reflects the transformation of Arab postal services—from manual processes to the integration of advanced digital technologies and artificial…
Citi think the rally for AI-enablers has room to run before the ‘handoff” to AI-adopters Source link
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Image: Supplied Mitsubishi Power, a brand of Mitsubishi Heavy Industries (MHI), has successfully completed and handed over a groundbreaking hydrogen fuel conversion project at the Alexandria National Refining and Petrochemicals Company (ANRPC) refinery in Egypt. The initiative marks the first industrial application of hydrogen as fuel in an industrial boiler in both Egypt and the wider MENA region. Announced in 2022 as a full turnkey contract, the project involved Mitsubishi Power managing the design, engineering, supply, and installation of equipment and control systems. The team rehabilitated and upgraded a 100-tonne-per-hour boiler, enabling it to operate entirely on hydrogen, transitioning from…
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Qiddiya Investment Company has entered into a strategic partnership with Adeera Hospitality, the Public Investment Fund’s (PIF) national hospitality company, to operate a portfolio of hotels across Qiddiya City. The collaboration aims to redefine the hospitality landscape in Saudi Arabia by delivering immersive, culturally-rooted experiences that align with Vision 2030’s ambitions to diversify the economy through tourism and entertainment. Set to become the Kingdom’s future capital of entertainment, sports, and culture, Qiddiya City is expected to welcome millions of visitors annually. The partnership with Adeera underscores the destination’s commitment to embedding Saudi identity into every aspect of the guest journey—moving…
The Fed cutting rates tends to see the equalweighted S&P 500 outperform says Jefferies Source link
Image: Getty Images A silent but powerful global shift is underway, and the UAE is at its centre. In 2025, an estimated 142,000 millionaires will relocate across borders, according to citizen advisory experts Henley & Partners. Of those, the largest share — a net 9,800 — will move to the UAE, bringing with them around $63bn in investable wealth. “This mass movement of millionaires represents the largest voluntary transfer of private capital in modern history,” said Dr Juerg Steffen, CEO of Henley & Partners, in the firm’s Great Wealth Flight report. He describes the trend as a “profound shift in…
“My 401(k) retirement planner shows I’ll likely be short $1,500 every month during my retirement.” Source link
Image: Getty Images Dubai has expanded its electric vehicle (EV) charging network to more than 1,270 charging points across the emirate, according to HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA). The growing infrastructure—developed in collaboration with partners from the public and private sectors—underscores Dubai’s push to accelerate sustainable mobility in line with the UAE’s national goals to ensure that electric and hybrid vehicles comprise 50% of all vehicles on the country’s roads by 2050. “In line with the vision of the wise leadership to make Dubai a global model for smart urban…