Arabian Post Staff -Dubai Oil prices rose on Tuesday as renewed attacks on Saudi Arabia and the continued shutdown of the kingdom’s East-West pipeline kept traders focused on the risk of further disruption to Middle East crude supplies. Brent crude climbed $1.24 to $106.93 a barrel, while US West Texas Intermediate gained $1.29 to $102.65 in Asian trading. The move followed another wave of Houthi attacks on […]
Arabian Post Staff -Dubai Dubai will host the third Quantum Innovation Summit from September 28 to 30, bringing government bodies, researchers, technology companies and investors together as the UAE expands work on quantum computing, secure communications and post-quantum cybersecurity. The event will be held at the Grand Hyatt Dubai Conference & Exhibition Centre and is hosted by the UAE Cyber Security Council for a second consecutive year, […]
Eight major US banking trade groups have urged Senate leaders to tighten the CLARITY Act’s restrictions on stablecoin rewards, warning that a new regulatory “circuit breaker” would take effect only after damaging deposit outflows had already occurred. The warning came in a joint letter sent on Monday to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer ahead of a procedural vote scheduled for Tuesday, September […]
Arabian Post Staff -Dubai Saudi building materials procurement platform BRKZ has raised $31 million in fresh capital, with Aramco-backed Wa’ed Ventures co-leading a $13 million Series B equity round alongside 500 Global. The financing also includes an $18 million growth-debt commitment from Stride Ventures, part of a previously announced $30 million venture-debt facility. BECO Capital and ANB Seed Fund participated in the equity round, BRKZ said on […]
Arabian Post Staff -Dubai Wall Street is preparing for the Federal Reserve to raise interest rates this week for the first time since July 2023, after another surge in oil prices and stubborn inflation pushed market expectations decisively towards tighter policy. Interest-rate futures on Monday assigned roughly a 90% probability to a quarter-point increase at the Federal Open Market Committee’s September 15-16 meeting. A move of 25 […]
Arabian Post Staff -Dubai Saudi Arabia’s Government Expenditure and Projects Efficiency Authority has activated flynas under the unified framework agreement for government ERCAB travel, widening the airline choices available to public-sector entities and eligible travellers. The activation lifts the number of airlines participating in the government travel arrangement to four, with flynas joining Saudia, flyadeal and Riyadh Air. EXPRO said the addition is intended to improve flexibility, […]
Arabian Post Staff -Dubai Dubai International Financial Centre has confirmed the programme for the inaugural Dubai Future Finance Week, bringing more than 850 speakers to a five-day series of events across the emirate from November 2 to 6. The programme will comprise more than 85 high-level events, including 12 signature forums across 14 stages, and will focus on fintech, tokenisation, Islamic finance, family wealth, sustainable finance and […]
Arabian Post Staff -Dubai Ras Al Khaimah has retained its A/A-1 sovereign credit rating from S&P Global with a stable outlook for 2026, with the agency citing prudent fiscal management, strong buffers and broad economic stability over the next two to three years. S&P said the emirate’s fiscal position should remain resilient despite geopolitical uncertainty, supported by conservative budgeting, low debt and the government’s ability to adjust […]
Iran’s Islamic Revolutionary Guard Corps said on Monday that its air defences had intercepted and destroyed an MQ-1 unmanned aircraft over the Strait of Hormuz, adding another disputed military incident to the escalating confrontation with the United States around the strategic waterway. The IRGC said its Aerospace Force used a new air-defence system operating under Iran’s integrated air-defence network to engage the aircraft above the strait. It […]
Arabian Post Staff -Dubai Oman has called for new liquefied natural gas export routes that can bypass the Strait of Hormuz, arguing that the months-long disruption to the Gulf’s main energy artery has exposed a critical weakness in global gas supply chains. Energy and Minerals Minister Salim bin Nasser Al Aufi told the Gastech conference in Bangkok on Monday that producers and consumers needed to examine infrastructure […]
LuLu Financial Holdings has cut cross-border settlement costs by 25% to 30% after adopting Circle’s USDC stablecoin and Circle Mint for remittance flows across the Gulf, Middle East, North Africa and Asia-Pacific, according to figures released by Circle. The payments group also recorded a 40% increase in cross-border settlement volume after shifting part of its treasury and settlement infrastructure to USDC. Beneficiaries are credited in under a […]
Bitcoin faces renewed downside warnings after Bloomberg Intelligence senior commodity strategist Mike McGlone argued that a stock-market correction and tighter US monetary policy could drive the cryptocurrency sharply lower, potentially towards $10,000. McGlone’s latest bearish case centres on Bitcoin’s failure to establish a sustained break above $80,000, its increasing sensitivity to equities and the prospect that higher interest rates could pressure speculative assets. Bitcoin was trading near […]
Arabian Post Staff -Dubai QNB Group, working with Mastercard, has issued what it describes as Syria’s first internationally accepted payment card, extending the country’s return to cross-border card services after years of isolation from global payment networks. The new card is intended to allow eligible customers in Syria to make payments locally and abroad wherever Mastercard is accepted, subject to applicable regulatory and compliance requirements. The launch […]
Binance has set out a compliance and user-protection drive in West Africa as regulators in the region move to bring cryptocurrency trading, custody and related services under oversight. Its approach combines identity checks, transaction monitoring, sanctions screening, fraud prevention, asset-security controls and co-operation with law-enforcement agencies. Binance also says it now has more than 1,500 people in compliance-related roles globally, spending about $300 million a year on […]
A commercial vessel was struck by a projectile in the Strait of Hormuz on Sunday, triggering a fire and an evacuation as fresh attacks intensified concerns over Middle East oil supplies. The United Kingdom Maritime Trade Operations said the vessel was hit while transiting the strategic waterway and that local authorities were assisting those on board. UKMTO initially said the extent of damage, the crew’s condition and […]
Arabian Post Staff -Dubai Dubai Aerospace Enterprise has launched a $2.1 billion syndicated loan, adding another large bank financing to its funding programme as the aircraft lessor manages a substantially enlarged global fleet following major acquisitions this year. DAE is rated Baa2 by Moody’s and BBB by Fitch. The launch places the Dubai-based aviation services group back in the syndicated loan market less than six months after […]
Arabian Post Staff -Dubai flydubai will begin dedicated freighter operations on October 1, adding three Boeing 737-800 cargo aircraft as the Dubai carrier broadens its freight business and strengthens capacity for regional trade. The aircraft will join the fleet through a wet-lease agreement with SolitAir and will be based at Al Maktoum International Airport, or Dubai World Central. Each freighter will offer payload capacity of up to […]
Metaplanet has cut the potential share pool attached to its Series 10 stock acquisition rights by 41.1%, reducing possible issuance to 188.19 million shares after shareholders challenged the dilution created by the executive compensation structure. The Tokyo-listed bitcoin treasury company said on September 11 that it would lower the number of shares underlying each Series 10 right from 696 to 410. The change reduces the aggregate potential […]
Arabian Post Staff -Dubai Saudi Arabia has temporarily stopped its East-West oil pipeline after multiple drone attacks damaged sections of the route, tightening pressure on crude exports as shipping disruptions intensify around the Strait of Hormuz and Red Sea. The Energy Ministry said the pipeline was shut as a precaution after strikes on September 10 in the Riyadh and Madinah regions. Several people were injured, while emergency […]
Arabian Post Staff -Dubai Etihad Airways will begin year-round flights between Abu Dhabi and Saudi Arabia’s Red Sea International Airport on October 4, adding a sixth destination in the kingdom to the carrier’s network. The service will initially operate once a week before increasing to twice weekly from October 25, Etihad said. The route will be flown with an Airbus A320 configured with eight Business Class seats […]
Arabian Post Staff -Dubai Dubai World Central will open its second runway by the end of 2027, marking the next major infrastructure step in Dubai’s plan to shift aviation growth to Al Maktoum International Airport and build capacity for as many as 260 million passengers a year. Dubai Airports chief executive Paul Griffiths confirmed the timetable during an international media briefing, saying development of DWC was proceeding […]
Arabian Post Staff -Dubai Ajman Municipality and Planning Department has secured four honours at the 2026 Middle East & North Africa Stevie Awards, recognising work spanning government management, the circular economy, smart-city transformation and digital public services. The awards were presented at the programme’s seventh annual gala in Istanbul on Friday, September 11, after winners from across the region were selected through an international judging process. The […]
Ether remained confined to a narrow trading range after more than 116,000 tokens were withdrawn from cryptocurrency exchanges over 48 hours, a shift that reduced immediately available supply while traders watched whether the market could break through resistance around $2,500. The withdrawals, valued at roughly $300 million at prevailing prices, were highlighted by crypto analyst Ali Martinez. Exchange outflows can indicate that holders are moving assets into […]
Dogecoin co-creator Billy Markus has joked that the US government should spend $1.2 trillion buying Dogecoin and distribute the cryptocurrency to Americans, turning a contentious cash-dividend proposal into a meme-coin thought experiment rather than advancing a formal policy plan. Markus, who uses the name Shibetoshi Nakamoto on X, made the remark on September 12 while responding to President Donald Trump’s promise of a $5,000 payment to every […]
