Ice Open Network has opened more of its codebase to public view as its ION token comes under acute market pressure, an awkward overlap that captures the project’s current predicament: visible engineering momentum on one side, collapsing market confidence on the other. The team has been publishing weekly development updates on its Online+ social app and ION framework, while public GitHub repositories now show active work on […]
GitHub Copilot Chat has been shown to carry a serious prompt-injection weakness that allowed a researcher to demonstrate how secrets, private source code and other sensitive repository data could be siphoned out of trusted development workflows without planting malware in the victim’s environment. The issue, dubbed CamoLeak, was disclosed by Legit Security researcher Omer Mayraz after he said he found it in June 2025, reported it through […]
More than 5,000 Rockwell Automation and Allen-Bradley programmable logic controllers are exposed to the public internet, sharpening concern across United States critical infrastructure as federal agencies warn that Iran-affiliated cyber actors are actively targeting such devices. Security researchers at Censys said they identified 5,219 internet-exposed hosts globally that responded as Rockwell or Allen-Bradley systems, with nearly three quarters of them located in the United States. The warning […]
Bitcoin and other major cryptocurrencies fell on Saturday after high-level talks between the United States and Iran in Islamabad ended without an agreement, puncturing a bout of market optimism that had followed a temporary ceasefire and hopes of a broader diplomatic settlement. U. S. Vice President J. D. Vance said the American delegation was leaving Pakistan after about 21 hours of negotiations without a breakthrough. Markets reacted […]
PEPE gave up ground after a sharp run-up ran into selling pressure near the $0.0000037-$0.0000038 range, with traders taking profits as excitement around a proposed US exchange-traded fund for the meme token failed to generate a lasting second leg higher. Market data on April 11 showed PEPE trading around $0.0000035, leaving it well below its 2024 peak and indicating that the latest burst of enthusiasm had not […]
Arabian Post Staff -Dubai Careem Pay has expanded its remittance service to Saudi Arabia and Türkiye, opening two new money-transfer corridors for UAE residents as digital finance platforms compete more aggressively for a larger share of cross-border payments in the Gulf. The company said transfers to bank accounts in both markets can be completed within five to 10 minutes, with transaction limits of up to AED150,000 for […]
Arabian Post Staff -Dubai FIFA has named a Saudi match-officials team for the 2026 World Cup, with referee Khalid Al-Turais, assistant referee Mohammed Al-Abakry and video match official Abdullah Al-Shehri selected for the tournament in the United States, Canada and Mexico from 11 June to 19 July. Their inclusion places Saudi Arabia among the 50 member associations represented in FIFA’s biggest-ever World Cup refereeing group, which will […]
Arabian Post Staff -Dubai Abu Dhabi will bring back its flagship infrastructure gathering in a larger format next month, with organisers casting the 12-14 May event as a platform to push smart, sustainable and people-centred urban development at a time when the emirate is moving ahead with one of the region’s biggest public project pipelines. The Abu Dhabi Infrastructure Summit, hosted by the Abu Dhabi Projects and […]
Michael Saylor has argued that Bitcoin may already have found a durable floor around $60,000, framing the slide earlier this year as a washout of forced sellers rather than a collapse in conviction. The Strategy executive chairman also pushed back against rising alarm over quantum computing, saying the threat to Bitcoin is overstated for now. His remarks landed as Bitcoin traded near $72,800 on April 11, showing […]
Enhanced Labs has raised $1 million in a strategic pre-seed round as the decentralised finance startup seeks to widen access to structured yield products built on options and derivatives, moving beyond large crypto tokens towards a broader set of on-chain assets that includes tokenised real-world assets. The round was led by Maximum Frequency Ventures, with GSR, Selini, Flowdesk and angel investors also taking part, according to company […]
Arabian Post Staff -Dubai Saudi Arabia has moved to raise its profile in global data governance after the Saudi Data and Artificial Intelligence Authority, known as SDAIA, said it had joined the Global Privacy Assembly, a forum that links privacy and data protection authorities worldwide. The step puts the Kingdom’s privacy regime more visibly alongside international rule-setting efforts at a time when Riyadh is pushing digital government, […]
Arabian Post Staff -Dubai RAK Ceramics has moved to reassure customers, contractors and distributors that its operations across the UAE and the wider region remain uninterrupted, saying access across its customer network is continuing without disruption across both retail and project channels. The statement comes at a time when businesses across the Gulf are paying closer attention to logistics resilience, input costs and delivery schedules amid wider […]
Jack Ma-backed Yunfeng Capital and Hillhouse Investment are among investors said to be planning to buy shares in Victory Giant Technology’s Hong Kong share sale, a deal that could raise about $2 billion and add fresh momentum to the city’s revival as a venue for large equity offerings. Bloomberg reported on Friday that the Guangdong-based company could begin taking investor orders as early as Monday, though the proposed allocations and timing were described as private and subject to change.
Victory Giant, formally known as Victory Giant Technology Co., Ltd., is already listed in Shenzhen and filed an application proof for a Hong Kong offering in February. The draft filing makes clear that the process was still incomplete at that stage and that no investment decision should be based on the draft document alone, a reminder that the final terms, investor line-up and valuation could still shift before launch. China’s securities regulator had already given the green light for the offering in early March, according to Bloomberg’s earlier reporting.
The company sits in a part of the technology supply chain that has drawn growing investor attention as spending on artificial intelligence infrastructure accelerates. Victory Giant makes printed circuit boards, including high-layer-count multilayer boards and high-build-up high-density interconnect boards used in AI accelerator cards, AI servers and high-speed networking equipment. In its Hong Kong filing, the company said such products are designed for high-frequency, high-speed and high-stability applications and are used in components including GPU accelerator modules, CPU motherboards and network interface cards for AI servers.
Its own figures point to a sharp improvement in financial performance as demand for those products strengthened. According to the application proof, revenue rose from RMB7.93 billion in 2023 to RMB10.73 billion in 2024. For the nine months to September 30, 2025, profit climbed to RMB3.24 billion from RMB764.6 million a year earlier, while the net profit margin rose to 23.0% from 9.9%. The filing attributes a large part of that jump to stronger demand for high-end HDI products used in AI-related applications, which command higher prices and fatter margins.
That performance helps explain why anchor demand matters. Cornerstone-style support from investors such as Yunfeng and Hillhouse would give the offering greater signalling power at a time when fund managers are trying to separate durable AI-linked manufacturers from companies benefiting only from short-lived enthusiasm. Neither investor had publicly confirmed participation at the time of Bloomberg’s report, so any description of their role remains conditional until final deal documents are published.
Victory Giant’s filing also underlines the industrial logic behind the listing. The company says it plans to use proceeds for capacity expansion, infrastructure enhancement and equipment purchases in Huizhou, Changsha and Yiyang, as well as investment in smart manufacturing. In Huizhou alone, it expects capacity additions for premium high-layer-count multilayer boards and high-build-up HDI products, reflecting management’s bet that demand tied to AI computing, data centres and advanced electronics will stay strong enough to justify further capital expenditure.
Industry data included in the filing suggest the company is positioning itself in one of the faster-growing corners of the electronics market. The application proof says the global PCB market grew to US$75.0 billion in 2024 and could reach US$93.7 billion by 2029. It estimates the PCB segment tied to AI and high-performance computing at US$6.0 billion in 2024, with that figure projected to rise to US$15.0 billion by 2029. The same filing says Victory Giant ranked first globally in the first half of 2025 for high-layer-count multilayer PCBs with 14 layers and above, and also first globally in high-build-up HDI PCB in that period. Those market-share claims are drawn from third-party industry research cited by the company and should be read in that context.
The backdrop in Hong Kong is supportive, though not uncomplicated. Reuters reported in late February that the city had its strongest start to a year since 2021, with IPOs and second listings raising about $5.5 billion in January. By March 18, LSEG data cited by Reuters showed Hong Kong’s IPO market had raised about $11.64 billion in the first quarter, up 385% from a year earlier. At the same time, Reuters also noted in March that worsening geopolitical tensions had begun to weigh on trading debuts, a sign that even a revived market remains vulnerable to shifts in sentiment.
Agentic AI is moving from pilot projects into mainstream corporate workflows, forcing boards and security teams to treat these systems less like software features and more like outside operators with broad access to data, tools and decisions. What changes the risk profile is not only the model itself, but the autonomy layered around it: agents can plan tasks, call other applications, handle credentials and act across systems […]
Arabian Post Staff -Dubai MBME Pay has secured a Category 3 Payment Service Provider licence from the Central Bank of the UAE, giving the company regulatory approval to carry out merchant acquiring and payment aggregation activities and placing it in a narrower circle of fully licensed operators in one of the Gulf’s fastest-moving fintech markets. The approval marks a step up for the Abu Dhabi-listed MBME Group […]
A Microsoft-tracked cybercrime group is using adversary-in-the-middle techniques to hijack Microsoft 365 sessions, bypass multifactor authentication and reroute employee pay into attacker-controlled bank accounts, in what researchers describe as a geographically focused campaign against users in Canada. Microsoft said the actor, tracked as Storm-2755, combined search-result poisoning, fake sign-in pages and session replay to move from account takeover to payroll fraud, causing direct financial loss for at […]
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Arabian Post Staff -Dubai Saudi supply lines face deeper strain Attacks on Saudi energy facilities have knocked about 600,000 barrels per day from the kingdom’s oil production capacity and cut throughput on the East-West Pipeline by roughly 700,000 bpd, according to Saudi state media citing an Energy Ministry official, in a blow to the world’s top oil exporter at a time when its western pipeline route has […]
A critical security flaw in the Ninja Forms File Uploads add-on has put thousands of WordPress sites at risk, with researchers warning that attackers can exploit the bug without logging in and, in the worst case, gain remote code execution on a vulnerable server. The issue affects all versions up to and including 3.3.26, while version 3.3.27 has been identified as the fully patched release after an […]
Arabian Post Staff -Dubai Jazan Municipality has put 28 development projects worth SR546 million into the Farasan Islands pipeline, combining completed works with schemes still under construction as authorities step up efforts to improve infrastructure, add hospitality capacity and expand housing across one of the Red Sea’s most distinctive island groups. The municipality said 19 projects valued at SR398 million have been completed, while nine more worth […]
Elon Musk’s artificial intelligence company xAI has sued Colorado in federal court, opening a fresh front in the widening US battle over how far states can go in policing the use of advanced algorithms in decisions affecting jobs, housing, education, healthcare and finance. The complaint, filed on April 9, seeks to block enforcement of Colorado’s Senate Bill 24-205 before it takes effect on June 30, arguing that […]
Arabian Post Staff -Dubai Sharjah has added another bet on family housing with the launch of Sukoon, a gated villa and townhouse community by Sanzen Developments that is being pitched less as a leisure-led estate and more as a neighbourhood built around daily wellbeing. Construction formally began on 7 April, with the developer saying the AED1.5 billion project will deliver 859 homes across four phases in a […]
Meta Platforms has unveiled Muse Spark, its first new flagship artificial intelligence model in about a year, marking a pivotal moment in Mark Zuckerberg’s attempt to restore the company’s standing against OpenAI, Google and Anthropic after a period of criticism around its earlier Llama releases. Muse Spark began rolling out on 8 April through the Meta AI app and the meta. ai website in the United States, […]
Russia said on Thursday that President Vladimir Putin had ordered a temporary ceasefire in Ukraine over Orthodox Easter, casting the move as a humanitarian gesture and urging Kyiv to follow suit, even as both sides remained deeply sceptical that any holiday pause would materially change the course of the war. The Kremlin said Russian forces were to halt combat operations from 4 p. m. on Saturday, April […]
XRP could reach $1,000 by 2030, according to EasyA co-founder Dom Kwok, who has repeated the forecast in public interviews and defended it when challenged on valuation grounds. The call has reignited a familiar argument in crypto markets: whether XRP should be judged as a conventional token priced by circulating supply, or as a payments rail whose future worth could expand far beyond today’s market-cap logic. For […]
