Ethereum held its upward footing even after blockchain data showed Aztec-linked wallets sending millions of dollars’ worth of ether to Coinbase, a transfer that would normally stir fears of near-term selling pressure in a market still sensitive to large treasury moves. The transaction that drew attention amounted to about 12,000 ETH, valued near $37 million at prevailing prices, and followed Aztec’s broader fund-raising cycle tied to its […]
Solana’s network activity has moved into new territory, with data compiled by Artemis showing the blockchain generated about $1.1 trillion in total economic activity in the first quarter of 2026, the first time it has crossed the trillion-dollar mark in a single quarter. The figure has drawn attention because it arrived during a broader crypto market pullback, suggesting Solana’s ecosystem remained heavily used even as digital asset […]
Arabian Post Staff -Dubai UAE equities closed higher on Friday, extending a second straight week of gains as traders responded to signs that Washington and Tehran may keep diplomatic channels open, lifting sentiment across Gulf markets and pushing Dubai to its highest level in about six weeks. Dubai outpaced Abu Dhabi, with buying concentrated in banking and property names as investors weighed the prospect of lower geopolitical […]
OpenAI has moved deeper into the scientific market with the launch of GPT-Rosalind, a specialist artificial intelligence model designed for biology, drug discovery and translational medicine, marking the company’s first dedicated push into life sciences as pharmaceutical groups and research institutes race to test whether advanced reasoning systems can shorten the slow and costly path from laboratory insight to new treatments. Announced on April 16, GPT-Rosalind is […]
Arabian Post Staff -Dubai Abu Dhabi has moved to expand lower-cost rental housing through a new partnership between the Department of Municipalities and Transport and Aldar, with the two sides planning about 9,000 value housing units across Mohamed Bin Zayed City and Baniyas in a scheme aimed at easing pressure on tenants and broadening access to professionally managed homes. The projects, announced on 17 April, sit within […]
Singapore Gulf Bank has launched a USDC mint-and-redeem service on the Solana blockchain, opening a round-the-clock channel for corporate and high-net-worth clients to move between fiat currency and digital dollars directly from their bank accounts as it pushes deeper into cross-border payments and treasury services. The bank said the product is designed to bypass delays tied to correspondent banking and standard settlement windows, offering near-instant conversion and […]
Arabian Post Staff -Dubai Emirates and Wesgro have signed a memorandum of understanding aimed at increasing inbound travel to Cape Town and the Western Cape, giving the province a fresh marketing and air-connectivity push at a time when South Africa’s visitor numbers have climbed above pre-pandemic levels. The agreement was formalised on 16 April on the sidelines of World Travel Market Africa in Cape Town and was […]
Dogecoin climbed on Friday, extending a 24-hour advance that outpaced some larger digital assets and lifted sentiment across the meme-coin corner of the market, as traders responded to a burst in turnover and a broader recovery in risk appetite. Market trackers showed DOGE trading near 9.8 US cents on 17 April, with daily volumes above $2.5 billion and sharply higher than the previous day, pointing to […]
Arabian Post Staff -Dubai Dubai has completed its first purpose-built station for electric vertical take-off and landing air taxis near Dubai International Airport, marking a tangible step in the emirate’s bid to introduce commercial aerial taxi services before the end of 2026. The four-storey facility, presented by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, is designed as the main operational hub for a new urban air […]
Arabian Post Staff -Dubai Sequoia Capital has raised about $7 billion for a new fund, giving one of Silicon Valley’s best-known venture firms fresh firepower to back its largest and most expensive bets, especially in artificial intelligence, according to people familiar with the discussions. The fundraising marks the first major capital raise under the firm’s newer leadership era and arrives as investor appetite has swung sharply toward […]
Arabian Post Staff -Dubai Dubai has moved to widen the role of small and medium-sized enterprises in its property market after Dubai SME and Dubai Land Department signed a memorandum of understanding aimed at giving entrepreneurs greater access to owners’ associations and real-estate operations, as the emirate pushes ahead with a broader strategy to deepen private-sector participation in one of its strongest growth industries. The agreement, announced […]
Arabian Post Staff -Dubai Object 1 has made its first formal move into Abu Dhabi with the launch of A1LA Residence on Al Reem Island, a 171-unit residential tower that signals the developer’s intention to build a longer-term presence in the capital rather than test the market with a one-off scheme. The project, announced on Thursday, is set on one of Abu Dhabi’s busiest apartment investment corridors […]
Arabian Post Staff -Dubai Aldar Properties has closed an AED 5 billion five-year syndicated sustainability-linked revolving credit facility, giving Abu Dhabi’s biggest listed developer a fresh layer of financial flexibility as it pushes ahead with expansion across development, investment properties and strategic capital partnerships. The senior unsecured facility, structured across conventional and Islamic tranches in dirhams and US dollars, lifts Aldar’s total available liquidity to AED 38.2 […]
Arabian Post Staff -Dubai Middle East conflict damage to energy infrastructure could leave the region facing as much as $58 billion in repair costs, according to a sharply revised estimate from Rystad Energy, with oil and gas facilities alone accounting for up to $50 billion and much of the burden falling on complex plants whose restoration may take years rather than months. The research firm said the […]
Cardano is drawing fresh attention after a burst of on-chain activity revived debate over whether stronger network usage can translate into a rebound for ADA, the blockchain’s native token, after a prolonged spell of weak price action. The trigger for the discussion was commentary tied to staking infrastructure provider Everstake, which said daily active addresses and transaction counts had risen sharply over the past three months, feeding […]
Arabian Post Staff -Dubai UAE investors are moving faster than their peers almost anywhere in the world to bring artificial intelligence into investment decision-making, with a new global study by wealth-tech firm BridgeWise placing the country second overall in its AI optimism rankings and first on “momentum”, a measure of how strongly investors intend to replace traditional research methods with AI tools over the next year. The […]
Arabian Post Staff -Dubai Gold prices steadied on Wednesday after touching a one-month high earlier in the session, with traders weighing the pull of geopolitical risk against tentative signs that Washington and Tehran could return to the negotiating table within days. The metal’s pause came as broader markets turned cautious, reflecting uncertainty over whether diplomacy will gain traction or merely offer a brief respite in a […]
Goldman Sachs has moved further into digital assets with a filing for the Goldman Sachs Bitcoin Premium Income ETF, a proposed fund designed to give investors exposure to bitcoin-linked products while generating income by selling call options. The preliminary prospectus was filed with the US Securities and Exchange Commission on April 14, and sets out a strategy aimed at current income alongside capital appreciation rather than a […]
Arabian Post Staff -Dubai Global smartphone shipments fell in the first quarter, ending the run of growth that had followed the sector’s rebound from its 2023 downturn, as a squeeze in memory supply and higher component prices forced brands to trim volumes, raise prices and rethink launch plans. IDC said worldwide shipments declined 4.1 per cent in the January-March period, while Samsung and Apple were the only […]
Arabian Post Staff -Dubai Al Ansari Exchange has expanded its partnership with Etihad Credit Bureau, enabling individuals to obtain official credit reports through more than 285 branches across the UAE in a move that broadens physical access to personal financial data and underlines a wider push towards transparency in consumer finance. The service marks an extension of a relationship that had already covered corporate credit reports, and […]
Cisco is closing in on a deal to buy Astrix Security for as much as $350 million, according to multiple reports, in a sign that one of the world’s largest networking and security groups is moving faster to secure the fast-growing risks created by AI agents and other non-human identities inside large organisations. The talks, first reported on April 10, value the Israeli startup at roughly three […]
Arabian Post Staff -Dubai Global bond markets fell on Monday as the collapse of US-Iran peace talks shifted investor attention away from hopes of de-escalation and back towards a harsher inflation outlook, with oil above $100 a barrel reinforcing bets that central banks will keep borrowing costs elevated for longer. Government bond yields moved higher across major markets as traders reassessed how persistent energy-driven price pressure could […]
Arabian Post Staff -Dubai AD Ports Group is accelerating its effort to turn itself from a Gulf port operator into a broader trade and logistics network, using expansion in Egypt, Africa, Pakistan and the Mediterranean to win a larger role in global supply chains as companies seek more resilient routes and integrated cargo services. For the Abu Dhabi-based group, 2025 marked another year of record financial growth. […]
Arabian Post Staff -Dubai Dubai World Trade Centre Free Zone has partnered with Wio Bank to give businesses setting up or operating in the zone faster access to digital banking services, in a move aimed at easing one of the more persistent bottlenecks faced by new companies in the emirate: opening and managing a bank account during the early stages of incorporation. The agreement, announced on April […]
