Oman plans to more than double onshore crude storage at Duqm to 10 million barrels within three years while considering two supertankers for floating storage, strengthening capacity outside the Strait of Hormuz as Gulf producers seek alternatives to the contested waterway. State-owned energy group OQ is evaluating the purchase of two very large crude carriers, each capable of holding about 2 million barrels, Group Chief Executive Ashraf […]
Arabian Post Staff -Dubai Chicago’s City Council has approved the $2.53 billion sale of its privatised parking-meter concession to Stonepeak Partners, clearing the transfer from a Morgan Stanley-led investor group after months of political dispute over the transaction. Aldermen voted 46-3 on Tuesday to authorise Stonepeak, a New York-based infrastructure investment firm, to acquire Chicago Parking Meters LLC, which controls the city’s metered street-parking system under a […]
Arabian Post Staff -Dubai Saudi Arabia, Turkey and Pakistan have moved to activate military coordination under their new joint defence pact after Houthi attacks on the kingdom, with Pakistan pledging to defend Saudi Arabia by “whatever means” are required. Pakistan’s Defence Minister Khawaja Muhammad Asif said Islamabad stood unequivocally behind the kingdom under the Makkah Joint Defence Agreement, though he did not say whether Pakistan had joined […]
Oil prices steadied on Wednesday as Middle East crude exports approached pre-war levels, with restored Saudi pipeline flows easing immediate supply concerns despite continuing geopolitical risks around the Strait of Hormuz. The more-active December Brent contract traded near $96 a barrel after falling 1.7% in the previous session, while US West Texas Intermediate hovered around $90. Prices later edged higher after US President Donald Trump rejected reports […]
Arabian Post Staff -Dubai Abu Dhabi sovereign investor L’Imad Holding is positioning AD Ports Group for tighter state control as the emirate strengthens trade routes outside the Strait of Hormuz, with its takeover of the ports operator moving towards settlement after attracting acceptances that will lift its holding above 98.5 per cent. The transaction, conducted through L’Imad’s wholly owned subsidiary ADQ, values AD Ports at Dh31.8 billion. […]
Arabian Post Staff -Dubai Saudi Arabia’s local-currency debt market is poised to attract greater foreign participation as riyal-denominated government sukuk enter JPMorgan’s Government Bond Index-Emerging Markets series from 2027, according to Fitch Ratings. Fitch said the planned inclusion should draw additional overseas investment into a market that is already more developed than local-currency debt markets elsewhere in the Gulf Cooperation Council. Foreign investors accounted for 15% of […]
Arabian Post Staff -Dubai Iraq Stock Exchange has begun live trading through Abu Dhabi Securities Exchange’s Tabadul network, giving investors in Iraq direct access to securities listed in Abu Dhabi and opening the Iraqi market to eligible investors across the cross-border platform. ADX said on Tuesday that ISX had become the eighth market to go live on Tabadul, while the wider network now comprises 11 exchanges. The […]
Limassol, Cyprus, September 29th, 2026.- Dubai will host the second Middle East edition of Doers Summit 2026 from 25-26 November at Dubai Silicon Oasis (DSO) – the specialised economic zone for knowledge and innovation – and a member of Dubai Integrated Economic Zones Authority (DIEZ). The summit aims to bring together founders, scaleups, investors, corporates and ecosystem leaders from around the world to unlock new business connections, […]
President Trump says the White House is considering a ban on US diesel exports “very seriously”. This is a huge threat, but behind the threat sits a problem no export ban can solve: the world can’t refine enough fuel. A barrel of crude does nothing for a truck or a cargo ship until a refinery has processed it. Oil in the ground or on a tanker counts […]
Mubadala Investment Company and Together AI have formed a strategic partnership to explore artificial intelligence infrastructure and ecosystem opportunities in the UAE, with the US technology company establishing a local presence in Abu Dhabi. The agreement, announced on Tuesday, will bring Together AI’s inference and research capabilities closer to customers and developers building generative AI applications across the UAE and the wider region. The partners said they […]
Arabian Post Staff -Dubai Abu Dhabi-based Shorooq and Presight have invested in Maven Robotics as part of the US industrial robotics company’s $100 million Series A financing round. The investment was made through the Presight–Shorooq AI and Bedaya funds managed by Shorooq, the companies said. RoboStrategy, LocalGlobe, Vine Ventures and XTX Ventures also participated in the financing, which Maven announced earlier this month. The individual commitments from […]
Arabian Post Staff -Dubai Oil prices steadied near $105 a barrel on Tuesday as Saudi Arabia restored substantial flows through its East-West pipeline, easing supply concerns while stalled US-Iran diplomacy kept a risk premium embedded in the market. Brent crude futures for November traded around $105.50 a barrel after settling at $105.28 on Monday, while US West Texas Intermediate was near $93. Prices had risen earlier as […]
Arabian Post Staff -Dubai Majid Al Futtaim has opened ELMNT33° at Mall of Egypt, investing EGP457 million in a new dining, lifestyle and co-working destination as the Dubai-based group broadens its footprint in Egypt. The 5,250-square-metre development brings restaurants and cafés together with lifestyle offerings and flexible workspaces at the mall in 6th of October City. The company said the concept is intended to extend the role […]
Founded in 2022, Skyro has already established a strong presence in the Philippines, where it uses an AI-powered credit-scoring model designed to serve customers who may be underserved by traditional banks. Since its founding, the company has disbursed more than USD 600 million in loans, expanded its user base to more than 7 million and reached operating break-even in the first half of 2026.
Skyro plans to adapt the business model that has proven successful in the Philippines to the Malaysian market. The company enters Malaysia as the country’s consumer credit sector is undergoing significant regulatory reform, following the introduction of the Consumer Credit Act 2025 and the establishment of the Consumer Credit Commission.
Arsen Liametov, Co-founder and Co-CEO of Skyro, said:
“We use advanced AI-based scoring tools to provide convenient and intuitive credit products to people underserved by traditional banks. Our success in the Philippines gives us confidence in this approach, which we plan to adapt for other markets across Southeast Asia and beyond.”
With a population of around 35 million, Malaysia represents an important market for the expansion of digital financial services. While most of the population has access to bank accounts, consumers with limited credit histories or without verified income may find it difficult to obtain traditional bank loans. In the Philippines, Skyro uses AI and alternative data to assess creditworthiness, and it intends to apply a similar approach in Malaysia that has been adapted to local conditions and regulatory requirements.
Nasim Aliev, Co-founder and Co-CEO of Skyro, said:
“Ambitions shouldn’t have to wait. Across Southeast Asia, we see the same pattern: hardworking people are held back not by a lack of effort but by a temporary cash gap standing between them and a real opportunity. In Malaysia, we plan to develop credit products that give people a solution to this challenge while ensuring full control and transparency over their spending.”
Skyro plans to enter the Malaysian market with cash loans and intends to introduce further credit products in Malaysia over time. Skyro has also announced plans to expand into other markets, including Saudi Arabia, and to build an ecosystem of financial products.
Hashtag: #Skyro
The issuer is solely responsible for the content of this announcement.
Skyro is a high-growth, digital-first fintech group delivering scalable, responsible financial access across high-potential emerging markets. Powered by proprietary data science, AI-driven credit decisioning, and alternative-data scoring, the company combines a mobile-native experience with modular fintech architecture to serve underserved client segments at scale.
As of 2026, Skyro has a registered user base of more than 7 million and a credit portfolio exceeding USD 200 million. The company’s ambition is to become a leading full-spectrum financial services group across high-potential markets by combining capability proven at scale with a commitment to building each business around the needs of the market it serves.
https://www.skyro.io/skyro-story
Arabian Post Staff -Dubai Unilever Egypt has commissioned a new Sunsilk shampoo production line at its Mashreq Personal Care factory in 6th of October City, raising the plant’s annual production capacity by 20% and directing the additional output entirely to export markets. The line is the 13th at the factory and forms part of the consumer goods group’s expansion of manufacturing in Egypt. The facility currently sends […]
Iranian officials have privately voiced doubt that Tehran and Washington can reach an agreement ending hostilities and restoring normal traffic through the Strait of Hormuz before the US midterm elections in November, even as Qatari mediators pursue indirect negotiations in New York. The pessimism follows President Donald Trump’s rejection at the weekend of Iran’s seven-day proposal for reopening the waterway and restarting negotiations. Officials familiar with Tehran’s […]
Polymarket has added 15-minute Bitcoin price markets to its US app, giving users a new way to trade contracts tied to whether the cryptocurrency rises or falls during successive quarter-hour windows. The contracts, listed as “BTC Up or Down: 15 min”, settle according to whether a specified Bitcoin reference price at the end of each 15-minute interval is greater than or equal to its level at the […]
California Governor Gavin Newsom has signed legislation prohibiting state and local public officials and certain government employees from issuing meme coins, while restricting crypto platforms from offering specified politician-linked tokens to California residents. Assembly Bill 2409, authored by Assemblymember Avelino Valencia of Anaheim, was signed on Sunday, September 27, after clearing both chambers of the state legislature without a dissenting final vote. The measure creates a statutory […]
THORChain has rejected Bitget chief executive Gracy Chen’s call to block addresses linked to the cryptocurrency exchange’s $387.5 million security breach, arguing that its permissionless network cannot selectively censor transactions. The dispute emerged after assets stolen from Bitget were routed through cross-chain services, including THORChain, and converted into Bitcoin. Chen publicly urged the protocol to refuse service to attacker-controlled addresses that had already been identified and flagged, […]
Arabian Post Staff -Dubai Israeli Prime Minister Benjamin Netanyahu travelled to Abu Dhabi on Sunday for an unannounced meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, according to a senior Israeli official, while neither government disclosed details of the talks. Netanyahu flew to the UAE capital aboard a private aircraft and remained there for four hours before returning to Israel that evening. Flight details cited […]
Arabian Post Staff -Dubai Iran maintained its conditions for reopening the Strait of Hormuz under a seven-day plan on Sunday, as US President Donald Trump rejected Tehran’s terms but said he expected negotiations to resume this week. Iranian Foreign Minister Abbas Araghchi said Tehran would not dilute demands tied to reopening the strategic waterway, while insisting diplomacy remained possible. Iran is awaiting a definitive US response through […]
Some inbound flights to Dubai were delayed on Monday morning as airlines continued to work through schedule disruption that affected dozens of services across UAE airports on Sunday. Dubai International Airport’s flight information showed delays on several flydubai services arriving from Central Asia. A flight from Almaty, Kazakhstan, scheduled to land at 7.30am was running 52 minutes late, while a service from Tashkent, Uzbekistan, due at 7.20am […]
Arabian Post Staff -Dubai Sharjah Islamic Bank has completed a $500 million five-year sukuk after attracting $1.3 billion of orders, giving the Sharia-compliant lender demand equal to 2.6 times the issue size. The sukuk was priced at a final yield and periodic distribution rate of 5.85 per cent, equivalent to a spread of 105 basis points over five-year US Treasuries. The transaction was priced at par and […]
Hunter Biden has defended his $LAPTOP memecoin after its spectacular launch-day collapse, saying the cryptocurrency still retains significant value and insisting that neither he nor project insiders profited from the turmoil. Speaking on actor Rainn Wilson’s Soul Boom podcast, Biden rejected the suggestion that the token had simply “crashed and burned”, pointing to what he said was a fully diluted valuation of about $252 million. He maintained […]
