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Global condemnation widens over deadly Saudi airport strikes

International condemnation of Houthi attacks on two Saudi Arabian airports has intensified, with the United Nations, France, Britain and several Middle Eastern governments denouncing strikes that killed three civilians and injured 36 others. The attacks targeted Abha International Airport and King Khalid International Airport in Riyadh on October 6 and 7, according to Saudi Arabia’s General Authority of Civil Aviation (GACA). The casualties included three foreign residents, […]

Saudi Arabia and UAE endorse Japan’s Asian oil initiative

Saudi Arabia and the United Arab Emirates have pledged support for a Japanese initiative to strengthen oil supplies and strategic reserves across Southeast Asia, as disruptions caused by the Middle East conflict intensify concerns over regional energy security. Representatives of both Gulf producers attended a special session of the Asia Zero Emission Community (AZEC) in Manila on Thursday, joining discussions involving ministers from 11 partner countries, including […]

Almarai earmarks $4 billion for expansion through 2031

Arabian Post Staff -Dubai Saudi Arabia’s Almarai plans to invest more than $4 billion through 2031 to expand production capacity, diversify its food and beverage portfolio and strengthen its presence across priority markets. The Riyadh-based company unveiled details of its 2026–2031 growth strategy at a capital markets day on Thursday, outlining four priorities covering established businesses, new product categories, emerging distribution channels and geographical expansion. The investment […]

Lufthansa and three airlines halt Riyadh flight operations

Arabian Post Staff -Dubai Lufthansa Group, IndiGo, Air India and Akasa Air have suspended flights to Riyadh following renewed threats from Yemen’s Houthi movement and its claim of a ballistic missile attack on the Saudi capital’s international airport. The cancellations announced on Thursday disrupted international services as airlines assessed security conditions around King Khalid International Airport, where explosions and smoke were reported following the alleged attack. Lufthansa […]

Saudi airport strikes leave three dead, 36 injured

Three people were killed and 36 injured in separate attacks on two international airports in Saudi Arabia, the kingdom’s General Authority of Civil Aviation confirmed on Wednesday. The attacks targeted Abha International Airport in the southern Asir region on October 6 and King Khalid International Airport in Riyadh on October 7, causing civilian casualties and damage to airport facilities. Two women, one Moroccan and the other Algerian, […]

Mubadala secures US clearance for Clear Channel takeover

Arabian Post Staff -Dubai Abu Dhabi’s Mubadala Capital has secured US regulatory clearance for its $6.2 billion acquisition of Clear Channel Outdoor Holdings, removing the final regulatory obstacle to taking the American billboard advertising company private. Clear Channel announced on Wednesday that the Committee on Foreign Investment in the United States had approved the transaction, allowing the investor consortium led by Mubadala Capital to proceed towards completion […]

Coinbase folds Deribit into new global exchange

Coinbase has completed the integration of crypto derivatives platform Deribit, creating Coinbase Global Exchange and preparing to introduce options trading, spot margin and unified portfolios over the coming weeks. The company said on Wednesday that Coinbase Financial Markets, its US-regulated futures commission merchant, will soon connect eligible US customers with global crypto derivatives liquidity through regulated infrastructure. The move brings together operations that had been split between […]

Solana introduces DvP standard for atomic settlement

The Solana Foundation has introduced an open-source delivery-versus-payment program designed to let financial institutions settle tokenised assets and payments together in a single atomic transaction on the Solana blockchain. Solana DvP, announced on October 6, provides a standard escrow framework and application programming interface intended to replace bespoke smart contracts that institutions have needed for onchain settlements. The program is released under the MIT licence and has […]

BlockTower founder presses $25m Coinbase loss claim

BlockTower Capital founder Ari Paul has accused Coinbase of failing to return about $25 million belonging to his firm, while alleging that similar security breaches affected at least a dozen institutions and involved more than $1 billion. Paul, BlockTower’s founder and chief investment officer, made the claims in a social-media post on September 28, saying the loss occurred “a couple years ago”. He alleged that what initially […]

WBD and PwC convene Emirati women leaders

Arabian Post Staff -Dubai Senior Emirati women leaders have gathered in Dubai for a Women Board of Directors and PwC Middle East forum focused on leadership, resilience and expanding women’s influence across the UAE’s public and private sectors. The “Reaffirmation” gathering, held on September 28 at PwC Middle East’s Emaar Square offices, brought together Huda Buhumaid, Raja Al Mazrouei, Aarefa Al Falahi and Maha Al Hosani with […]

A 27% profit surge shows AI boom is now powering whole market

We’re heading into earnings season again in Corporate America, and S&P 500 earnings are forecast to climb 27% in the third quarter, and for the first time since 2021, every single sector is expected to grow its profits. For two years sceptics have argued the AI boom is a narrow bet on a handful of technology companies. These numbers point to an investment wave now feeding profits […]

Deutsche Bank broadens Dubai team with three appointments

Arabian Post Staff -Dubai Deutsche Bank has made three key appointments in its Dubai office as the German lender broadens investment banking coverage across the Middle East and seeks to capture growing capital-markets and institutional-client business. Ilya Korobov has relocated from London to Dubai as a director of debt capital markets for Central and Eastern Europe, the Middle East and Africa. He joined Deutsche Bank in November […]

Hormuz tanker attacks accelerate as oil flows recover

Iranian pressure on commercial shipping in the Strait of Hormuz has intensified as Gulf oil flows recover towards levels seen before the war, exposing the fragile security underpinning the rebound in global energy supplies. UK Maritime Trade Operations has recorded nine attacks in the waterway so far in October, compared with 18 across the Strait of Hormuz and Persian Gulf during all of September. Four of September’s […]

Aramco broadens export options as Hormuz strain persists

Saudi Aramco is examining additional crude export routes and more overseas storage as prolonged disruption to the Strait of Hormuz exposes increasingly thin buffers in the global oil system, chief executive Amin Nasser has said. Nasser told the Energy Intelligence Forum in London that the disruption represented the most serious energy supply shock of his career, warning that emergency stock releases could provide temporary relief but could […]

Oil advances as storm, Saudi attacks threaten supply

Arabian Post Staff -Dubai Oil prices climbed on Wednesday as traders assessed the risk of supply disruption from a developing Gulf of Mexico storm and escalating Houthi attacks on Saudi Arabia, offsetting signs that more Middle East crude was reaching global markets. Brent crude futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT, while US West Texas Intermediate crude gained 82 cents, or […]

Dubai property deals total AED 90.62 billion

Arabian Post Staff -Dubai Dubai’s residential and commercial property transactions totalled AED 90.62 billion in the third quarter of 2026, with off-plan housing retaining the largest share of residential activity, according to market data released by Springfield Properties. The dataset recorded 36,738 transactions during the quarter, including residential sales worth AED 72.58 billion across 33,949 deals. Off-plan residential properties accounted for AED 41.58 billion through 23,457 transactions, […]

SRC takes third mortgage portfolio from BSF

Arabian Post Staff -Dubai Saudi Real Estate Refinance Company has agreed to acquire another residential mortgage portfolio from Banque Saudi Fransi, marking the third portfolio purchase between the two institutions as Saudi Arabia expands liquidity in its housing finance market. The Public Investment Fund-owned company, known as SRC, said the transaction would reinforce cooperation with BSF by supplying liquidity to mortgage lenders and increasing their capacity to […]

ADNOC seals two-million-tonne LNG supply pact with Gulf

Arabian Post Staff -Dubai ADNOC has agreed to supply Thailand’s Gulf Group with approximately two million tonnes of liquefied natural gas under a multi-year contract, with deliveries scheduled to begin in 2027. The Sales and Purchase Agreement expands a commercial relationship established through the companies’ first LNG supply deal in 2025 and gives ADNOC Trading a larger direct role in supplying the Asian market. Neither company disclosed […]

Supreme Court weighs limits on corporate climate lawsuits

Greenlogue/AP The US Supreme Court opened its new term on Monday by weighing whether federal law blocks Colorado communities from pursuing state-law damages claims against ExxonMobil and Suncor Energy over alleged climate harms. The dispute, Suncor Energy v County Commissioners of Boulder County, could determine the viability of dozens of similar lawsuits brought by states and local governments seeking compensation from fossil-fuel producers for costs associated with […]

Netanyahu links Flydubai attack to election security warnings

Israel’s election campaign has been jolted by the attempted seizure of a Flydubai flight, with Prime Minister Benjamin Netanyahu presenting the episode as validation of his pre-election security warnings while opponents accuse him of turning a still-unfolding investigation into political ammunition. The dispute has intensified as investigators in the United Arab Emirates examine the September 30 attack aboard Flight FZ1073 from Dubai to Tel Aviv. UAE Attorney-General […]

NOAA projects very strong El Niño through winter

Greenlogue/AP Federal climate forecasters say the strengthening El Niño has a greater than 90 per cent chance of becoming very strong during the Northern Hemisphere autumn and winter, increasing risks of disruptive rainfall, drought and heat across several regions. The US Climate Prediction Center said in its September assessment that El Niño had intensified during August, with sea-surface temperature anomalies exceeding 3C in the eastern equatorial Pacific. […]

Corporate Sector Is Growing Well Despite Iran War, Poor Monsoon

Rasmal, Bilişim Vadisi forge Gulf-Türkiye startup link

Arabian Post Staff -Dubai Rasmal Ventures and Türkiye’s Bilişim Vadisi have signed a three-year cooperation agreement aimed at creating a structured route for startups, investors and companies between Türkiye and Gulf markets. The memorandum of understanding, signed in Istanbul, covers joint innovation programmes, investor and business-to-business matchmaking, knowledge exchange, capacity building and the movement of startups, specialists and networks between the two regions. The partnership also involves […]

Investigators uncover 9/11-style plan behind flydubai attack

Investigators examining the cockpit attack aboard a flydubai flight to Tel Aviv believe the co-pilot intended to kill the captain and crash the aircraft into a target in Israel in an attack modelled on September 11, 2001. A preliminary Israeli investigation has concluded that Hamam al-Hammami, a 29-year-old Omani national, planned to take control of Flight FZ1073 after incapacitating Captain Smit Machchhar and then deliberately strike a […]