Arabian Post Staff -Dubai Sharjah Islamic Bank is pressing ahead with a rights issue worth up to AED2.59 billion, or about $705 million, in a move designed to reinforce its capital base, fund balance-sheet expansion and preserve financial flexibility as the lender pushes for further growth. The bank said the offer will raise issued capital from about AED3.24 billion to as much as AED4.31 billion through the […]
Arabian Post Staff -Dubai Dubai authorities were battling a fire aboard a Kuwaiti oil tanker on Tuesday after a drone struck the vessel in waters near Anchorage “E”, with officials saying no injuries had been reported and emergency teams were working under established maritime safety protocols. The incident unfolded off Dubai’s coast as maritime firefighting units moved to secure the tanker, contain the blaze and prevent any […]
Arabian Post Staff -Dubai Nabil Fahmy is set to become the next secretary-general of the Arab League after Arab foreign ministers unanimously backed Egypt’s nominee in a virtual meeting on 29 March, clearing the way for the veteran diplomat to take over in July when Ahmed Aboul Gheit’s second term ends. The ministers’ decision still requires formal endorsement at the next Arab summit in Saudi Arabia, but […]
Arabian Post Staff -Dubai Motorists in the UAE are likely to pay more for petrol and diesel in April after the Iran war sent crude prices sharply higher and intensified disruption across the Gulf’s main energy and shipping routes, raising the cost base that feeds into the country’s monthly fuel-price adjustment. April rates were due to be announced on March 31, and local pricing remains tied […]
Arabian Post Staff -Dubai Telda has moved beyond payments and cards to add stock and fund investing to its app, opening a new front in Egypt’s fast-growing race to attract first-time retail investors. The Cairo-based fintech said on Sunday that users can now buy and sell shares on the Egyptian Exchange and subscribe to investment funds from within the same platform, without relying on a traditional broker […]
U. S. spot Bitcoin exchange-traded funds recorded their heaviest one-day net withdrawals in three weeks on Thursday, with investors pulling about $171.2 million as Bitcoin slid below the $70,000 mark and broader market nerves rose over the risk of a fresh flare-up in the conflict involving the United States, Israel and Iran. The outflow, based on market data compiled by SoSoValue and widely tracked across the crypto […]
Ethereum has drawn renewed market attention after a sharp jump in large-holder transactions coincided with a formal push by developers to harden the network against future quantum-computing risks. Data circulated by analyst Ali Martinez showed whale transactions rising from 123 on 21 March to 2,055 on 24 March, a move that put the token back at the centre of debate over whether big holders are accumulating, rotating […]
Arabian Post Staff -Dubai Exeed has opened a new showroom in Jeddah through Arabian Heritage Motors, part of Al Ghurair Mobility, extending the premium vehicle brand’s physical presence in Saudi Arabia as competition intensifies among Chinese carmakers across the Gulf. The Jeddah launch was disclosed by Al Ghurair in a corporate post and comes after Exeed appointed Al Ghurair as its exclusive distributor in the Kingdom in […]
Arabian Post Staff -Dubai US and Israeli strikes on Iranian nuclear-linked and industrial sites on Friday widened the Middle East war and triggered a fresh market sell-off, as Tehran answered with attacks across the Gulf and on regional targets, stoking fears that a longer conflict could deepen the hit to growth, trade and energy supplies. Oil climbed sharply, Wall Street fell again and investors moved into traditional […]
Arabian Post Staff -Dubai Mubadala Investment Company has agreed to sell its minority stake in liquid cooling specialist CoolIT Systems to Ecolab, in a transaction led by private equity firm KKR and valued at $4.75bn, marking a significant reshaping of ownership in a sector gaining momentum alongside artificial intelligence and data centre expansion. The Abu Dhabi sovereign investor confirmed that it had signed a definitive agreement, signalling […]
Arabian Post Staff -Dubai Travellers across the United Arab Emirates are being advised to plan journeys with caution as unstable weather conditions threaten to disrupt flight operations over the coming days, prompting major carriers to issue passenger advisories. Airlines including Emirates, Air Arabia and flydubai have urged customers to check flight statuses before departure and allow additional time at airports, citing the likelihood of delays and schedule […]
Arabian Post Staff -Dubai Repair and restoration costs for damaged Gulf energy infrastructure are projected to reach at least $25 billion, with further increases likely as the scale of disruption becomes clearer, according to new industry assessments that underline the financial and operational strain on one of the world’s most critical energy hubs. The estimate, compiled by Rystad Energy, highlights a complex recovery process driven largely by […]
Arabian Post Staff -Dubai Daeson Technologies has launched an artificial intelligence-powered compliance co-pilot designed to assist Islamic financial institutions in aligning operations with Shariah principles, signalling a growing push to embed automation within governance frameworks across Gulf banking. The system, branded as a Shariah AI Compliance Co-Pilot, aims to support banks and financial entities in navigating complex religious and regulatory requirements by analysing transactions, contracts and product […]
A surge in cryptocurrency fraud is being fuelled by coordinated social media campaigns that weaponise geopolitical tensions and political uncertainty, according to blockchain investigator ZachXBT, who has identified networks of accounts spreading misleading narratives to lure victims. The analyst has reported that clusters of accounts on X, formerly Twitter, are amplifying alarmist posts tied to conflicts and elections, using emotionally charged messaging to drive engagement. These posts […]
Arabian Post Staff -Dubai Dubai’s healthcare ecosystem is set for a strategic boost after Dubai Health and Dubai Future District Fund formalised a partnership aimed at building a global health technology launchpad, underscoring the emirate’s ambition to position itself at the forefront of digital medicine and biotech innovation. The agreement, structured as a memorandum of understanding, outlines a framework to accelerate investment, innovation and talent development in […]
Arabian Post Staff -Dubai Washington has drawn up a 15-point framework aimed at halting the conflict with Iran, reflecting mounting pressure on the Trump administration to contain both military escalation and widening economic fallout, according to officials familiar with the discussions. The plan, described as an evolving diplomatic blueprint rather than a final settlement, is being positioned as a pathway to structured negotiations after weeks of […]
Arabian Post Staff -Dubai Sharjah Asset Management has secured a “Best Place to Work” certification, signalling growing emphasis within Gulf investment entities on employee engagement, corporate culture and organisational wellbeing as competition for talent intensifies across the region. The company, which oversees a diversified portfolio spanning real estate, infrastructure and strategic investments for the Sharjah government, said the recognition reflects sustained efforts to build a supportive and […]
Arabian Post Staff -Dubai Ajman University has introduced a doctoral programme in artificial intelligence, positioning it as a research-intensive offering backed by faculty ranked among the world’s top 0.5% of scientists, as the institution seeks to strengthen its standing in advanced technology education and align with the UAE’s broader digital economy ambitions. The new PhD in Artificial Intelligence is designed to focus on high-impact research across areas […]
XRP is showing signs of renewed upward momentum, with a combination of technical indicators and market activity pointing to a possible shift after an extended period of muted performance. Trading data indicates that buyer pressure has strengthened across major exchanges, reversing a phase marked by low volatility and cautious sentiment. Analysts tracking order books and liquidity flows report a steady increase in bid-side dominance, suggesting that accumulation […]
Resolv’s USR stablecoin has plunged by more than 70 per cent within days after an exploit drained roughly $25 million in Ether, leaving the decentralised finance protocol struggling to meet liabilities that significantly exceed its remaining assets. Data from blockchain trackers and market activity show USR trading near $0.27, far below its intended dollar peg, following a rapid loss of confidence among holders. The collapse has triggered […]
Bitcoin miners are facing a widening gap between production costs and market prices, yet data shows a marked slowdown in selling activity, raising questions about strategy and resilience across the sector. Bitcoin has been trading near $68,000, while estimates of the average cost to mine a single coin have climbed towards $85,000 or higher for many operators. The divergence has been driven largely by a sharp rise […]
Barcelona-based Qilimanjaro Quantum Tech has introduced a new cloud service designed to broaden access to quantum computing, positioning itself within a fast-evolving race to commercialise next-generation processing power. The platform, branded SpeQtrum QaaS, offers remote access to what the company describes as a multimodal quantum data centre that integrates different quantum technologies under a single interface. The launch signals a shift in how quantum resources are being […]
Gemini Trust Company is facing a lawsuit from shareholders who allege the cryptocurrency exchange misled investors about its financial health and internal stability, intensifying scrutiny on one of the sector’s most prominent platforms during a period of heightened regulatory pressure and market volatility. The complaint, filed in a United States court, centres on claims that Gemini overstated its growth prospects while failing to disclose operational challenges and […]
Shiba Inu token advanced close to 4 per cent on March 20, buoyed by a surge in bullish positioning among large traders on Binance, as derivatives data pointed to strengthening risk appetite in the broader crypto market. Market trackers showed SHIB gaining momentum through the session, supported by a sharp rise in the long-to-short ratio on Binance, one of the world’s largest cryptocurrency exchanges. The ratio, which […]
