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Arabian Post Staff -Dubai The UAE’s non-oil private sector expanded at its fastest pace since December 2024 in August, as stronger demand and output lifted business conditions despite continued caution over hiring. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index rose to 55.3 from 52.7 in July, moving further above the 50 threshold that separates expansion from contraction. The reading marked a second successive monthly acceleration […]

Arabian Post Staff -Dubai TotalEnergies and ExxonMobil will hold dedicated procurement workshops in Luanda on September 8, giving Angolan suppliers direct access to information on contracting requirements and opportunities linked to the companies’ upstream operations. The sessions form part of the pre-conference programme for Angola Oil & Gas 2026, whose main conference and exhibition will run on September 9 and 10 at the Centro de Convenções de […]

Arabian Post Staff -Dubai A drone struck a residential complex in Kuwait’s Capital Governorate before dawn on Wednesday, igniting a fire that firefighters contained without casualties, authorities said, as renewed Iranian attacks spread across Gulf states hosting United States forces. Kuwait Fire Force spokesman Brigadier General Mohammad Al-Gharib said crews from the Al-Hilali and Al-Madina fire stations responded immediately after the complex was hit by what the […]

Matein Khalid It is ironic that Opec, born as the brainchild of a nationalist Venezuelan oil minister in 1960, could die in 2027 as a result of events in that country. US President Donald Trump’s seizure of leader Nicolás Maduro in a military raid on Caracas and ambition to control 65 billion barrels of a vassal state’s proven oil reserves are triggering a seismic geopolitical realignment with […]

Russia’s new federal framework regulating cryptocurrency circulation took effect on Tuesday across the country’s financial sector, establishing a supervised domestic market for digital assets while retaining a ban on cryptocurrency payments inside the country. Federal Law No. 282-FZ entered into force on September 1 after President Vladimir Putin signed it on August 4. The State Duma approved the legislation on July 21 and the Federation Council endorsed […]

Adobe has expanded its partnership with Saudi Arabia’s Ministry of Communications and Information Technology and state-backed AI company HUMAIN, offering more than 27 million eligible citizens and residents a year of free access to its AI-powered creative tools. The US software company said the programme, announced at LEAP 2026 in Riyadh on Monday, is valued at more than $4 billion and will provide eligible people aged 13 […]

Arabian Post Staff -Dubai Qatar’s economy contracted 7 per cent year on year in the first quarter of 2026 as conflict-driven disruptions sharply reduced hydrocarbon production, official data showed, overwhelming continued growth across much of the non-energy economy. Gross domestic product fell to 170.8 billion riyals from a revised 183.7 billion riyals in the first three months of 2025, according to figures released by Qatar’s National Planning […]

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Arabian Post Staff -Dubai Alpha Dhabi Holding has doubled its capital commitment to the Mubadala Capital-managed MICAD Credit joint venture to $1 billion and raised its ownership stake to 40 per cent from 20 per cent, expanding its exposure to global private credit. The Abu Dhabi Securities Exchange-listed investment group said the revised partnership agreement also broadens MICAD Credit JV’s mandate beyond its existing US and European […]

Arabian Post Staff -Dubai Jordanian air defences intercepted and destroyed eight missiles early Monday as Iran launched retaliatory attacks against US military facilities in Jordan following an American strike on Iranian forces near the Strait of Hormuz. The Jordan Armed Forces said the missiles had penetrated the kingdom’s airspace and were destroyed before they could threaten civilians or property. Its statement did not identify the missiles’ origin, […]

Arabian Post Staff -Dubai US and Iranian forces exchanged direct attacks on Sunday for the first time in about a month, with Washington striking two Iranian launchers on Larak Island and Tehran answering with missile attacks aimed at US military sites in Jordan. Jordan’s armed forces said on Monday that its air defence systems intercepted eight missiles that entered the kingdom’s airspace at dawn. The military said […]

European Central Bank Executive Board member Isabel Schnabel has called for central bank money to become a native programmable asset on distributed-ledger platforms, arguing that smart contracts could make monetary policy operations faster and more flexible as finance becomes tokenised. Speaking at the Jackson Hole Economic Policy Symposium on August 28, Schnabel said central banks need to extend their operational reach into tokenised markets rather than leave […]

Arabian Post Staff -Dubai Venezuelan acting President Delcy Rodríguez faced criticism on Sunday from opposition figures and former Chavista officials over a sweeping oil agreement that gives the United States majority control over output tied to 65 billion barrels of proven crude reserves. Rodríguez defended the 25-year arrangement in a televised address, insisting Venezuela would retain ownership and sovereignty over its natural resources while using US capital, […]

A US high-school student has made about $20,000 by selling a Telegram digital collectible awarded for his performance at this month’s International Olympiad in Informatics. Telegram founder Pavel Durov said Jonathan He, who won a gold medal and finished seventh overall at IOI 2026, sold his Algorithm Cup for 15,000 Grams, valuing the transaction at roughly $20,000. The collectible was among a limited set distributed to medal-winning […]

Arabian Post Staff -Dubai The Central Bank of the UAE has ordered a special and urgent examination of Banque Misr’s branches in the country after US authorities identified the lender’s UAE operations as a primary money laundering concern and proposed cutting their access to the US financial system. The regulator said the examination would include a forensic, in-depth lookback covering the period cited by US authorities, with […]

Mistral AI and Saudi Arabia’s HUMAIN have agreed a strategic collaboration worth hundreds of millions of euros, linking local computing infrastructure with model development and enterprise deployments across the kingdom and the wider Middle East. The agreement, announced on August 24, will see Paris-based Mistral explore using HUMAIN’s data centre infrastructure to meet growing local computing demand while the companies jointly develop and localise advanced artificial intelligence […]

Russia’s largest lender Sberbank is preparing to expand corporate lending secured by cryptocurrencies, with plans to accept Bitcoin, Ethereum and Tether’s USDT as collateral once the country’s new digital-asset rules take full effect and regulators permit the assets’ public circulation. Anatoly Popov, deputy chairman of Sberbank’s management board, said the bank intends to continue developing loans backed by digital assets and broaden the collateral it accepts beyond […]

Polkadot’s DOT token fell below $0.85 on Saturday as selling pressure returned after a brief August rebound, leaving the cryptocurrency struggling to reclaim the psychologically important $1 level despite favourable network decentralisation metrics. DOT was trading near $0.84, down about 4 per cent over 24 hours and roughly 9 per cent over seven days. Its market value stood near $1.42 billion, with about 1.7 billion tokens circulating. […]

Ripple is moving ahead with a four-phase programme to prepare the XRP Ledger for post-quantum cryptography, targeting a transition to quantum-resistant signatures by 2028 while testing security mechanisms before a large-scale quantum threat becomes practical. The roadmap, set out by Ripple in April and detailed by its engineering team, is designed to protect accounts and transactions if powerful quantum computers eventually become capable of breaking the elliptic-curve […]

Arabian Post Staff -Dubai Gulf companies are pouring money into artificial intelligence, but many are finding that rapid adoption is not translating into measurable financial returns as weak data foundations, fragmented technology systems and governance gaps constrain deployment at scale. Around 84% of organisations across the Gulf are using AI in some form, yet only about 11% have reached a level where scaled deployments are producing clearly […]

Arabian Post Staff -Dubai Jordan’s industrial exports to the UAE jumped 29% in the first half of 2026, adding about JD45 million to their value as manufacturers expanded sales across major regional and global markets. The increase implies industrial shipments to the UAE reached roughly JD200 million during the January-June period, compared with about JD155 million a year earlier. The JD45 million gain is equivalent to about […]

India and Kuwait have agreed to deepen defence cooperation across military training, exercises, medicine, staff-level exchanges, defence production and research, giving operational shape to the strategic partnership established between the two countries in 2024.

The agreement emerged from the inaugural meeting of the India-Kuwait Joint Defence Committee in New Delhi on August 28, marking the first formal session of the mechanism created to institutionalise expanding security and military ties.

The talks were co-chaired by Joint Secretary Amitabh Prasad and Brigadier General Raed Alsakran, who headed a five-member delegation from Kuwait. India’s delegation brought together representatives of the Army, Navy and Air Force along with officials from the Department of Defence Production, Defence Research and Development Organisation, Armed Forces Medical Services and Ministry of External Affairs.

Both sides identified training and military exercises as priority areas, opening the possibility of greater exchanges between personnel and institutions. Military medicine and structured staff talks were also placed on the cooperation agenda, potentially creating regular channels through which officers can exchange operational experience and develop closer institutional links.

Defence manufacturing formed another important component of the discussions. The Kuwaiti delegation visited DPSU Bhawan in New Delhi and held talks with representatives of India’s defence industry on potential areas of cooperation. A separate interaction with industry representatives was also included in the delegation’s programme, indicating that commercial and technological partnerships are becoming a stronger part of the bilateral defence relationship.

The engagement gives practical momentum to the memorandum of understanding on defence cooperation signed during Prime Minister Narendra Modi’s visit to Kuwait on December 21-22, 2024. The agreement was designed to institutionalise cooperation in training, exchanges of personnel and experts, joint exercises, defence manufacturing, supply of military equipment and research and development.

That visit also saw India and Kuwait elevate their relationship to a strategic partnership, broadening a relationship traditionally centred on energy, trade and the movement of people. Defence and security have since gained greater prominence as both governments seek more structured engagement amid shifting geopolitical and security conditions across the Gulf and wider West Asian region.

The Joint Defence Committee provides a mechanism through which the provisions of the 2024 agreement can be translated into programmes, exchanges and projects. Its composition also reflects the wide scope envisaged for cooperation, extending beyond conventional military contacts into medical services, technology development and defence manufacturing.

Kuwait has traditionally relied heavily on international suppliers for defence equipment, while India has been expanding its efforts to become a larger producer and exporter of military systems. New Delhi has been encouraging overseas partnerships for domestically manufactured weapons, platforms, electronics and support systems as defence production capacity expands.

Research and development cooperation could therefore become a significant part of the relationship. Participation by the Defence Research and Development Organisation at the committee meeting creates an institutional route for exploring technology-based projects alongside conventional equipment sales and training arrangements.

The talks also come as Kuwait broadens defence engagement with partners across Asia while navigating a complex regional security environment. Its location at the northern end of the Gulf, close to Iraq, Saudi Arabia and Iran, has made military preparedness and diversified security partnerships enduring priorities for the country.

For India, deeper defence engagement with Kuwait complements its expanding strategic relationships with Gulf Cooperation Council states. New Delhi has progressively widened military exercises, naval engagements, training programmes and defence-industry cooperation with countries across the Gulf as economic and energy relationships have developed into broader strategic ties.

Brigadier General Alsakran also laid a wreath at the National War Memorial in New Delhi ahead of the committee meeting, paying homage to fallen military personnel. The gesture formed part of a programme combining official consultations, ceremonial engagements and meetings with defence-sector representatives.

Greenlogue/AP Flooding along the Nepal-Tibet frontier has killed at least 633 people and left nearly 3,000 missing, intensifying warnings that warming temperatures are making high-mountain communities increasingly vulnerable to catastrophic collapses of rock, ice and water. Rescue teams were searching devastated valleys on Saturday after the August 26 disaster sent a torrent of ice, boulders, mud and water through settlements, roads, bridges and hydropower facilities. Nepal had […]

Arabian Post Staff -Dubai Emirati women held shares worth about Dh39 billion on the Abu Dhabi Securities Exchange at the end of July, accounting for 94 per cent of the value of all shares owned by women on the market and underscoring their growing weight in the UAE’s capital markets. Close to 125,000 active Emirati women investors participate on ADX, placing them at the centre of an […]

Arabian Post Staff -Dubai Abu Dhabi is strengthening international partnerships on water and energy resilience as it seeks to translate its integrated resource-management model into practical cooperation with governments, regulators, researchers and technology companies worldwide. The Abu Dhabi Department of Energy used World Water Week 2026 in Stockholm to present the emirate’s approach to protecting water supplies, improving energy efficiency and building infrastructure capable of maintaining essential […]

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