Arabian Post Staff -Dubai Washington has approved a potential sale of Patriot interceptor missiles and associated equipment to Saudi Arabia with an estimated value of about $9 billion, marking one of the largest US arms packages proposed for the kingdom in several years and underscoring a renewed focus on air and missile defence cooperation in the Gulf. The clearance, granted by the US State Department and […]
Washington has imposed sanctions on a network of cryptocurrency exchanges and facilitators tied to Iran, marking the first time the United States has directly targeted crypto trading platforms over allegations of supporting the Islamic Revolutionary Guard Corps. The measures signal a widening of financial enforcement into the digital asset space as Washington seeks to curb Iran’s access to global capital flows. The sanctions, announced by the Treasury […]
A wave of forced liquidations that ripped through digital-asset markets on October 10, erasing positions at a pace unseen in the sector’s history, was driven primarily by a sudden global risk-off shock rather than a failure of trading infrastructure, according to Binance. The world’s largest cryptocurrency exchange said the flash crash unfolded as macroeconomic pressures triggered rapid price declines across major tokens, setting off automated margin calls […]
Federal authorities have taken legal control of assets valued at roughly $400 million that prosecutors say were generated through a darknet cryptocurrency mixing service known as Helix, marking one of the largest forfeiture actions tied to illicit crypto activity. The Department of Justice said the haul spans digital currency, cash-equivalent instruments and property interests traced to transactions that laundered proceeds from online drug markets. According to court […]
Arabian Post Staff -Dubai Dubai-based luxury property developer Damac Real Estate Development Limited has returned to the debt capital markets with a $600 million Islamic bond that drew strong investor demand, signalling sustained appetite for Gulf real estate credit despite higher-for-longer global interest rates. The 3.5-year benchmark sukuk attracted an orderbook topping $1.7 billion, excluding interest from joint lead managers, allowing pricing to tighten materially from initial […]
Video games once trained patience through repetition and failure, according to a senior psychologist who says the design logic of modern titles has altered how younger players engage with attention, effort and reward. Speaking in his professional capacity, the president of Drugzone Pharmaceuticals Inc said the shift from finite, skill-based progression to systems built around constant engagement marks a decisive break from the gaming culture of the […]
Arabian Post Staff -Dubai Etihad Rail has taken a significant step towards reshaping freight transport in the Gulf after completing a magnetic levitation freight trial with Italy-based technology firm IronLev, marking the first time such a system has been tested in the Middle East. The trial, conducted at the Al Faya Depot, demonstrated the ability of a maglev platform to move heavy cargo efficiently, signalling a potential […]
A significant wave of liquidations surged through global cryptocurrency markets as leveraged long positions worth about $140 million were wiped out within a single hour, underscoring sharp price swings and persistent volatility that have unsettled traders and risk models alike. The liquidation event affected tens of thousands of leveraged accounts and came amid rapid price fluctuations in major digital assets, particularly Bitcoin and Ethereum, with derivatives trading […]
Arabian Post Staff -Dubai Dubai-based Danube Properties has appointed former Australia fast bowler Brett Lee as its Global Ambassador, a move aimed at strengthening the developer’s international presence and sharpening its brand messaging across key overseas markets. The announcement, made by founder and chairman Rizwan Sajan, positions the retired cricketer as the face of Danube Properties’ outreach to global audiences, leveraging Lee’s worldwide recognition and credibility […]
Saudi Arabia is preparing draft proposals to widen eligibility for its premium residency programme, potentially extending long-term residency rights to groups ranging from superyacht owners and residents of flagship developments to high-performing international students, according to a person with direct knowledge of the deliberations. The plans, which remain under internal review and have not been finalised, are designed to draw sustained foreign capital and skilled residents into […]
Arabian Post Staff -Dubai Saudi-listed Saudi Arabian Refineries Company has moved to expand its property footprint after confirming the acquisition of a commercial land parcel in Riyadh for SAR 33 million, equivalent to about $8.8 million, following a successful public auction. The transaction places the capital’s commercial real estate market back in focus as listed companies selectively add assets aligned with long-term development and diversification strategies. The […]
Shiba Inu’s supply reduction drive has accelerated sharply, with community-led burns eliminating roughly 28.8 billion SHIB tokens and sending the burn rate soaring by more than 1,500%, according to on-chain trackers and project updates. The spike has reignited debate around scarcity dynamics in meme-linked assets and has coincided with a technical pattern that traders interpret as a potential upside continuation. The burn acceleration has been driven by […]
Dubai’s real estate market has been on a historic bull run. For the past five years, it has been a story of soaring property prices in Dubai, record-breaking foreign investment, and skyrocketing rental rates. However, a new market driver is set to define the Dubai property market 2026–2028: a massive influx of new housing supply largely from off-plan properties, many of which haven’t reached completion yet. Understanding […]
Arabian Post Staff -Dubai Mubadala Capital, the alternative asset management arm of Abu Dhabi’s sovereign investor Mubadala Investment Company, has unveiled a new co-investment vehicle aimed at scaling its exposure to private markets, with the fund closing at $554 million after being increased beyond its initial target. The Abu Dhabi-based firm said the Mubadala Capital Co-Investment Fund I was upsized from a $500 million hard cap following […]
Arabian Post Staff -Dubai PureLab and LODD have launched a pilot programme in Abu Dhabi to transport blood samples using drones, marking a step towards integrating unmanned aerial vehicles into routine medical logistics and emergency healthcare supply chains. The initiative is designed to cut transit times for critical diagnostic samples, reduce reliance on road transport, and strengthen the resilience of laboratory networks during peak demand or traffic […]
DXC Technology has entered a strategic partnership with blockchain payments firm Ripple to integrate institutional-grade digital asset custody and payments into DXC’s Hogan core banking platform, a move aimed at accelerating banks’ adoption of tokenised assets and real-time settlement across borders. The collaboration brings Ripple’s blockchain infrastructure into a core system used by large financial institutions worldwide, positioning DXC to offer regulated banks a turnkey path to […]
Arabian Post Staff -Dubai Ras Abu Fontas Power, the company behind one of Qatar’s key power and water infrastructure projects, has secured a financing agreement worth about $990 million with the Japan Bank for International Cooperation, strengthening the long-term funding base for the Facility E power and desalination project south of Doha. The JBIC funding represents part of a larger co-financing package totalling approximately $2.97 billion, assembled […]
Arabian Post Staff -Dubai Gold surged beyond the $5,000-an-ounce mark on Monday, setting a fresh record as investors moved decisively into the traditional safe haven amid heightened geopolitical tensions and expectations that monetary policy in major economies will stay supportive. The rally gathered pace in early Asian trading, with spot prices climbing 1.79% to $5,071.96 an ounce by 0159 GMT after touching an intraday peak of […]
Evidence emerging from a long-running population study in the UAE is sharpening the focus on the mouth as an early warning site for metabolic disease, with researchers identifying distinct patterns of oral bacteria associated with obesity and related conditions. The findings, drawn from analyses within the UAE Healthy Future Study, suggest that shifts in the oral microbiome could help flag metabolic risk earlier than conventional markers and […]
Arabian Post Staff -Dubai Dubai has approved a Dh12.8bn expansion of Dubai Silicon Oasis, signalling a renewed push to scale the emirate’s knowledge economy and deepen its appeal to global technology, research and advanced manufacturing firms. The programme was launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and positions the zone for a new phase […]
Arabian Post Staff -Dubai Abu Dhabi has moved to reinforce its ambitions as a regional hub for medical tourism by convening a specialised forum examining the legal and regulatory foundations that underpin the sector, with a focus on aligning local legislation with international best practice while safeguarding patient rights and encouraging sustainable investment. Hosted virtually by the Abu Dhabi Judicial Department, the forum brought together legal […]
Arabian Post Staff -Dubai Saudi Arabia has moved to formalise real-world asset tokenisation with the launch of the Kingdom’s first dedicated Centre of Excellence, as Open World announced an in-Kingdom operating entity designed to support compliant digital-asset innovation aligned with Vision 2030 goals. The initiative positions Saudi Arabia to accelerate the tokenisation of physical and financial assets such as real estate, commodities, infrastructure receivables and private credit […]
Wall Street trading desks are quietly reducing exposure to one of the most dependable strategies in the digital-asset universe, signalling a shift in how large financial players view risk and reward in crypto markets. The so-called bitcoin basis trade, long prized for delivering steady, low-volatility returns, is showing signs of strain as funding costs rise, spreads compress and market dynamics evolve. The basis trade involves exploiting the […]
BitGo set the price for its initial public offering at $18 a share, presenting itself to public-market investors as a steadier institutional infrastructure business rather than a bet on volatile crypto trading volumes. The pricing places the company at the lower end of expectations circulating among bankers and analysts, reflecting a cautious market for digital-asset listings even as broader equity indices show resilience. Founded in 2013, BitGo […]
