Bitcoin held close to $78,000 on Monday after its strongest weekly advance in more than three years, while gold climbed to a three-month high and major alternative cryptocurrencies paused after sharp gains. The largest cryptocurrency was trading around $77,000-$78,000 after gaining about 23% over the week ended August 23. Bitcoin briefly rose above $79,000 during the surge, its highest level in roughly three months, before profit-taking and […]
Arabian Post Staff -Dubai Formula One remains committed to ending its 2026 championship in Abu Dhabi, with chief executive Stefano Domenicali saying the scheduled December finale at Yas Marina Circuit remains firmly on the calendar. Domenicali moved to ease uncertainty surrounding the final Middle East rounds during the Dutch Grand Prix weekend at Zandvoort. He said preparations for Abu Dhabi were progressing well and Formula One remained […]
Arabian Post Staff -Dubai ADNOC Distribution has agreed to bring South Africa’s Reatile Group into its planned acquisition of Shell Downstream South Africa, giving the local energy investor a minority interest after the $1 billion takeover is completed. The two companies signed a long-term Broad-Based Black Economic Empowerment agreement on August 20, advancing the ownership structure for ADNOC Distribution’s entry into South Africa’s fuel retail market. The […]
Cryptocurrency entrepreneur Justin Sun’s individual claims against World Liberty Financial are set to remain before a California federal court after a hearing over the crypto venture’s attempt to shift substantial parts of the dispute into private arbitration. US District Judge James Donato heard arguments on August 20 in the Northern District of California over World Liberty Financial’s motion to compel arbitration and stay portions of the lawsuit. […]
Commodity Futures Trading Commission Chairman Michael S. Selig has instructed agency staff to prepare a regulatory framework for cryptocurrency markets that could be advanced if Congress fails to enact the Clarity Act, signalling that the regulator will not allow the legislative impasse to leave digital assets without clearer rules. Selig outlined the approach on Thursday as the CFTC convened the inaugural meeting of its Innovation Advisory Committee […]
CoinShares has expanded the mandate of its WGMI exchange-traded fund beyond bitcoin mining, giving investors exposure to artificial intelligence data centres, power infrastructure and high-performance computing as miners increasingly reposition their energy-heavy businesses around AI. The Nasdaq-listed fund was renamed the CoinShares Bitcoin Mining and Digital Power ETF on August 18, replacing its former CoinShares Bitcoin Mining ETF identity while retaining the WGMI ticker. The change substantially […]
Bitcoin climbed above $75,000 on Friday, extending a sharp advance fuelled by improving liquidity conditions, heavy short-covering and renewed optimism over cryptocurrency regulation in the United States. The world’s largest cryptocurrency traded around $75,400 during early Asian hours after reclaiming the level for the first time since late May. Bitcoin gained about 8% over 24 hours and roughly 19% over the week, marking one of its strongest […]
Arabian Post Staff -Dubai GEMS Education students have delivered another strong set of GCSE and IGCSE results, with 30 per cent of entries securing the highest 9-8/A grades and almost half reaching the 9-7/A-A benchmark across 23 non-selective schools. More than 4,250 students received results covering nearly 30,000 subject entries, with 48 per cent awarded grades 9-7/A*-A. The group recorded 4,177 Grade 9 awards, the highest grade […]
Arabian Post Staff -Dubai Gulf states have intensified diplomatic efforts to break the Iran impasse, with Qatar and Oman seeking an interim arrangement that could restore commercial shipping through the Strait of Hormuz and prevent another escalation across the region. Qatar is mediating between Tehran and Washington while working alongside Oman on a temporary solution for the strategic waterway. The initiative has gained urgency as commercial traffic […]
Arabian Post Staff -Dubai Dubai’s landmark Toyota Building on Sheikh Zayed Road is set to be demolished in 2027, ending more than half a century as one of the city’s most familiar visual reference points. Officially named the Nasser Rashid Lootah Building, the 15-storey property is being progressively cleared ahead of demolition. Residents holding valid rental contracts can remain until December 2026, while other occupants have already […]
Arabian Post Staff -Dubai Six armed men have seized control of a product tanker in the Gulf of Aden off Yemen and diverted the vessel towards Somalia, raising fresh concern over a resurgence of piracy along one of the world’s most important shipping corridors. The tanker, identified as Sibu 1 and also known by its former name Seamull, was travelling west when it reported that an unauthorised […]
Arabian Post Staff -Dubai Investcorp has acquired 20Cube 3PL Solutions for about ₹500 crore, strengthening the Bahrain-based alternative investment firm’s position in India’s expanding contract logistics market. The transaction gives Investcorp control of 20Cube’s domestic contract logistics operations while its founders, Anand Seetharaman and Ranjan Kedia, will continue to lead the business. The partnership plans to expand the company’s warehousing network, broaden its services and pursue acquisitions […]
Arabian Post Staff -Dubai Galva Hub Metal Coating is moving towards commissioning one of the UAE’s biggest hot-dip galvanising facilities after receiving 825 tonnes of zinc at its plant within Metal Park in Khalifa Economic Zones Abu Dhabi. The zinc delivery represents a key step before the large galvanising kettle can enter commercial operation. The metal will be melted inside the facility’s main processing bath, allowing Galva […]
Arabian Post Staff -Dubai Abu Dhabi National Oil Company has launched its ninth spot crude tender since the beginning of June, extending an unusually active sales campaign as the company seeks to keep supplies moving despite severe disruption around the Strait of Hormuz. The latest tender offers Upper Zakum, Umm Lulu and Das crude for loading in October and November. Bids are due by August 24 and […]
Bitcoin surged more than 6% on Wednesday, breaking above $68,000 as a sharp retreat in US Treasury yields revived demand for risk assets and forced heavily leveraged traders betting against cryptocurrencies to close their positions. The world’s largest cryptocurrency traded around $68,500 after briefly climbing above $69,000, reaching its highest level in nearly three months. The move marked Bitcoin’s strongest percentage gain since March and extended a […]
Arabian Post Staff -Dubai Dubai’s tourism sector is poised for a stronger final quarter of 2026 as international airlines restore services and additional capacity, providing a critical boost to hotel demand ahead of the winter travel season. The improvement in air connectivity is expected to lift hotel occupancy after a difficult first half marked by disruption to regional aviation and weaker international arrivals. Emirates has restored about […]
Arabian Post Staff -Dubai CodeRabbit has raised $143 million in Series C funding at a $1.5 billion valuation, giving the AI code-review company fresh capital to expand into software governance, security and international markets. The San Francisco-headquartered company is broadening its focus beyond reviewing individual code changes as businesses confront a sharp increase in software produced by artificial intelligence agents. Its newly introduced Agentic Change Management platform […]
In a rapidly changing business environment where clients increasingly want, quick convenience, expertise, and reliability under one roof, Bin Turki Group has come up as a growing Emirati enterprise with plans that reach way beyond the old school business models. The company was founded in 2025 by entrepreneur Hamdan Bin Turki Al Mehairi, and from the start the idea was pretty clear yet flexible: to build an […]
Arabian Post Staff -Dubai Saudi Arabia increased its holdings of US Treasury securities by about $2.2 billion in June, lifting the portfolio to $142.5 billion and extending the Kingdom’s position among the largest overseas investors in US government debt. The June increase followed holdings of about $140.3 billion in May and left Saudi Arabia ranked 17th among foreign holders of Treasuries. The portfolio remained heavily weighted towards […]
Arabian Post Staff -Dubai The UAE has halted all trade, commercial exchanges and financial transactions with Iran until further notice as escalating security tensions deepen economic disruption across the Gulf. Afra Al Hameli, Director of the Strategic Communications Department at the Ministry of Foreign Affairs, announced the decision while rejecting allegations about the status of economic relations between the UAE and Iran. She said regional escalations were […]
Shipping through the Strait of Hormuz remained severely restricted on Tuesday as vessel movements stayed in single digits, while another ship was struck by an unidentified projectile and diplomatic efforts to ease the US-Iran confrontation remained deadlocked. Preliminary ship-tracking data showed six commodity vessels crossed the waterway on Monday, three entering the Gulf and three leaving. That was only a modest increase from the weekend and remained […]
Arabian Post Staff -Dubai US emergency crude holdings have fallen below 300 million barrels for the first time in more than four decades as Washington continues drawing oil from the Strategic Petroleum Reserve to cushion energy markets from Middle East supply disruptions. Stocks in the Strategic Petroleum Reserve dropped by about 5.3 million barrels during the week ended August 14 to 293.4 million barrels. That was the […]
Arabian Post Staff -Dubai Prospects for a broader Middle East settlement have deteriorated after US President Donald Trump ruled out extending a temporary agreement with Iran, while renewed Israeli-Hezbollah violence placed Lebanon’s fragile ceasefire under mounting pressure. Asked whether Washington would seek more time under the memorandum of understanding signed with Tehran in June, Trump gave a categorical response: “No.” The agreement provided a 60-day window to […]
Arabian Post Staff -Dubai Saudi Aramco is offering crude to selected Asian refiners from outside the Strait of Hormuz, opening another supply route as prolonged disruption at the strategic waterway reshapes Gulf energy exports. The company is negotiating privately with buyers for Arab Medium and Arab Heavy crude to be transferred between vessels off Fujairah in the UAE. Some of the cargoes are intended for September loading. […]
