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Arabian Post Staff -Dubai Moody’s Ratings has placed Binghatti Holding Ltd’s Ba3 rating on review for downgrade, signalling rising concern over the Dubai developer’s liquidity and its ability to generate sufficient cash as major debt obligations approach. The action covers Binghatti’s Ba3 corporate family rating and Ba3-PD probability of default rating. The company previously carried a stable outlook. The review reflects a sharp deterioration in unrestricted liquidity […]

Arabian Post Staff -Dubai US President Donald Trump has confirmed that security officials secretly moved him off Air Force One in Turkey last month after receiving information about a possible Iranian threat, defending an extraordinary operation that concealed his whereabouts while another presidential aircraft continued towards Britain. Trump said he followed instructions from the US Secret Service and military during the July 8 operation after attending a […]

Arabian Post Staff -Dubai A woman was handed over to police after allegedly throwing a slipper and stones at a statue of Chhatrapati Shivaji Maharaj in Pune’s Sasane Nagar area, triggering anger among residents and a wider debate over the response to the incident. CCTV footage from the site in Hadapsar showed the woman approaching the statue and throwing objects towards it. The statue was enclosed within […]

South Korea has approved the removal of the 1 million won threshold from its cryptocurrency Travel Rule, requiring regulated virtual asset businesses to exchange sender and recipient information for transfers of every size as Seoul tightens safeguards against money laundering. The Cabinet approved amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on Tuesday, August 11. The expanded Travel Rule […]

Greenlogue/AP A consortium led by EDF power solutions has reached financial close on Oman’s 120-megawatt Jaalan Bani Bu Ali Wind Independent Power Project, clearing a key hurdle for construction and commercial operation targeted for the third quarter of 2027. EDF power solutions is developing the project with Al Khadra Partners, part of the Hind Bahwan Group, and OQ Alternative Energy. The partners secured financing after signing a […]

Arabian Post Staff -Dubai dubizzle Cars has partnered with Al-Futtaim Auto Centers to offer prepaid vehicle maintenance packages to buyers in the UAE, extending the online marketplace’s reach deeper into aftersales services and the wider car-ownership cycle. The agreement gives customers purchasing eligible vehicles through dubizzle Cars access to Al-Futtaim Auto Centers’ servicing network. The offering covers scheduled maintenance by certified technicians, quality parts, mobile servicing and […]

Ravencoin is confronting the prospect of a deep blockchain reorganisation that could reverse several days of transactions after a critical software vulnerability allowed invalid blocks to enter its ledger. Two of the network’s largest mining pools, 2Miners and RavenMiner, are building an alternative chain from block 4,487,775, the last block before the first known invalid block appeared on August 7. Together, the pools control a majority of […]

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MoneyGram has expanded its crypto-to-cash infrastructure to Solana, allowing wallets, exchanges and decentralised applications on the blockchain to connect directly with the payments company’s worldwide network for converting digital assets into local currency. The launch brings MoneyGram Ramps to the Solana ecosystem through a single application programming interface. Developers can now offer cash deposits in more than 25 countries and cash withdrawals across more than 170 countries […]

Coinbase has chosen Abu Dhabi as its international base for tokenised securities after securing regulatory approval to arrange investment transactions and provide custody services within Abu Dhabi Global Market, accelerating its expansion beyond cryptocurrency trading into blockchain-based capital markets. The Financial Services Permission granted by ADGM’s Financial Services Regulatory Authority gives the US-listed crypto exchange the regulatory foundation to develop tokenised investment products from the emirate. Coinbase […]

Pokémon trading cards are evolving from childhood collectibles into a multibillion-dollar alternative asset market, prompting blockchain companies to build digital trading systems around physical cards stored securely in vaults. The technology can speed up transactions, but attracting enough buyers and sellers remains the larger challenge. Estimates put the wider trading-card market at roughly $10 billion to $15 billion, while the value of graded cards alone has been […]

Arabian Post Staff -Dubai Mahala. ai is expanding access to senior data and artificial intelligence specialists for organisations across the UAE and wider Gulf, targeting a skills shortage that has become a major constraint on companies trying to turn AI investment into measurable business results. The Netherlands-headquartered company is offering enterprises and government organisations remote access to experienced data engineers, data scientists, AI and machine-learning engineers, and […]

OPEC crude production climbed sharply in July as Gulf producers restored output disrupted by the Iran war and restrictions on tanker movements through the Strait of Hormuz, extending the oil market’s recovery from severe supply losses earlier this year. Production by the 11-member Organization of the Petroleum Exporting Countries increased by about 1.17 million barrels per day from June to 19.85 million bpd. Iraq recorded the largest […]

Arabian Post Staff -Dubai Union Home Minister Amit Shah and Congress leader Rahul Gandhi found themselves at the same high-profile social gathering in New Delhi on Monday evening, even as their political confrontation over student protests continued to dominate Parliament. The two leaders attended the wedding reception of Revati Sule, daughter of NCP MP Supriya Sule and granddaughter of Sharad Pawar. The reception was held at Pawar’s […]

Arabian Post Staff -Dubai US President Donald Trump has said Washington will demand compensation from Iran as part of any future peace settlement, responding to Tehran’s call for reparations over damage caused during five months of war. Trump said the demand would cover Americans killed or seriously wounded in attacks and conflicts that Washington has blamed on Iran or Iran-backed groups over several decades. He also called […]

The United States has imposed sanctions on cryptocurrency platform Shelbit, its founder Siavash Kayvanpour and affiliated companies after investigators linked the network to billions of dollars in digital-asset flows involving Iran’s Islamic Revolutionary Guard Corps and other sanctioned entities. The action by the Treasury Department’s Office of Foreign Assets Control places Shelbit and associated entities on Washington’s sanctions list, effectively freezing assets under US jurisdiction and exposing […]

Arabian Post Staff -Dubai Flowdesk has secured a full broker-dealer licence from Dubai’s Virtual Assets Regulatory Authority, allowing its local entity to provide regulated digital-asset services to qualified and institutional investors from the emirate. The authorisation for Flowdesk Omega FZE completes a regulatory process that moved from in-principle approval in June to full licensing in August. It gives the digital-asset trading and technology company an operating base […]

MARA Holdings sold about 23,093 bitcoin for $1.6 billion during the first half of 2026, marking a major reversal from the cryptocurrency miner’s earlier strategy of accumulating and retaining virtually all the bitcoin it produced. The figure, disclosed in the company’s quarterly regulatory filing, represents cumulative sales during the six months ended June 30 rather than a single transaction carried out on Monday. Social-media posts describing the […]

Turkey has signalled that Egypt could join the Mecca Joint Defence Agreement, widening a new security arrangement with Saudi Arabia and Pakistan that carries a collective-defence commitment resembling NATO’s Article 5. Turkish Foreign Minister Hakan Fidan said President Recep Tayyip Erdogan wanted the three-country alliance to expand and identified Egypt as a potential participant once outstanding technical issues were resolved. His comments have shifted attention towards Cairo […]

Arabian Post Staff -Dubai US President Donald Trump has signalled that Washington is holding back from another major military escalation against Iran while allowing sanctions, a naval blockade and severe economic pressure to increase the strain on Tehran. Trump said the United States was “low-keying it” and described contacts with Tehran as only partial negotiations. His remarks indicated that the White House currently sees Iran’s worsening economic […]

Arabian Post Staff -Dubai Iran has appointed veteran Revolutionary Guards commander Mohsen Rezaei as secretary of its Supreme National Security Council, reshaping the country’s security leadership while negotiations with Oman over shipping through the Strait of Hormuz approach a decisive stage. Rezaei replaces Mohammad Bagher Zolghadr, another former Revolutionary Guards commander who had held the powerful post since March. Zolghadr has been moved to a political advisory […]

Arabian Post Staff -Dubai Qatar’s inward foreign direct investment rose 3.3% in the first quarter of 2026 to QAR172.2 billion, while the country’s investments abroad climbed 3.5% to QAR221.7 billion, strengthening signs of expanding cross-border capital activity. The figures, covering January to March, show foreign investment positions increasing on both sides of Qatar’s balance sheet as Doha pursues a strategy of attracting international capital while expanding its […]

Arabian Post Staff -Dubai A Sanskrit recitation at IIT Delhi’s 57th Convocation has triggered a political argument over religion in educational institutions after Congress spokesperson Shama Mohamed questioned why what she described as the Gayatri Mantra was played during the ceremony. The controversy quickly shifted, however, from whether a religious chant belonged at an academic event to what was actually recited. IIT Kanpur alumnus Gyan C Mehta, […]

Yemen’s Houthi movement said it attacked Saudi Aramco’s Jazan refinery with a drone on Sunday, escalating a confrontation that has again placed the kingdom’s energy infrastructure and Red Sea shipping routes under pressure. Saudi authorities confirmed that a fire broke out at the Aramco facility in Jazan, in the kingdom’s southwest, and said emergency teams extinguished it. No injuries were reported. Saudi officials did not immediately confirm […]

Arabian Post Staff -Dubai Qatari Diar has launched the first phase of its $29.7 billion Alam Al Roum development on Egypt’s North Coast, advancing one of the largest integrated real estate and tourism investments planned along the Mediterranean. Egyptian Prime Minister Mostafa Madbouly attended the launch at the project site alongside senior government officials and Qatari Diar executives. The development is being implemented in partnership with Egypt’s […]

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