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Jeddah — King Abdullah University of Science and Technology has initiated the KAUST Mathematics Competition, a national contest designed to identify and nurture top mathematics talent among students in Grades 8 through 11 across Saudi Arabia. The competition invites both Saudi nationals and residents studying in the Kingdom’s schools to test themselves on challenging topics such as algebra, number theory, combinatorics and geometry.

Phase One of KMC will take place as a two-hour elimination exam at eight regional centres. Students in the junior stream will face 24 multiple-choice questions, while those in the senior stream will tackle 30 multiple-choice items. From that round, the top 200—split evenly between junior and senior tracks—will advance to the final phase. That final round, conducted at KAUST over three days in April, will require written answers to six problems. KAUST will bear the costs of travel, lodging and meals for finalists. The participation fee is set at 100 Saudi riyals per student.

KAUST’s rationale for KMC aligns with its broader talent development mission: to foster advanced thinking skills and attract gifted students into STEM pathways. The competition also offers attractive incentives: cash awards, enrolment in KAUST Academy programmes, and a prize for first-place winners in each track — admission to a summer mathematics camp hosted jointly by KAUST and the University of Cambridge.

KAUST’s pre-university programmes, especially its Science Research School Initiative, already train middle and high school students for international Olympiads. SRSI’s mandate includes preparing students in mathematics, chemistry, physics, informatics and biology through intensive on-campus training. Students in grades 6 to 12 benefit from the training, and many go on to represent Saudi Arabia in global contests. KAUST also partners with other institutional programmes focused on gifted education.

The decision to launch KMC complements an existing competitive ecosystem. The KFUPM Mathematics Olympiad, for instance, has long been held for secondary school students at multiple centres across the country. That contest historically serves as a pipeline to select candidates for the International Mathematical Olympiad. Meanwhile, Saudi youth continue to perform strongly at regional contests: in the 29th Junior Balkan Mathematical Olympiad held in North Macedonia, six Saudi students won two gold, two silver and two bronze medals.

By K Raveendran It was a week of contradictions for India’s image on the world stage, marked by a curious interplay of critique, affirmation, and manoeuvring. Rahul Gandhi, in his address at Columbia University, painted a picture of India that was dark and distressing, describing the country’s democratic decline in sweeping terms. At the same […]

The article A Week Marking The Worst And Best For India On Global Stage appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Samsung is deepening its collaboration with Coinbase to integrate cryptocurrency services directly into its Wallet app. Users with Galaxy devices in the U. S. will now be able to make crypto purchases using Samsung Pay, and enjoy enhanced access to Coinbase’s premium offerings.

Wallet users will gain special access to a three-month subscription to Coinbase One, and early users may receive a $25 credit after placing their first trade. The alliance bridges Samsung’s digital wallet ecosystem with Coinbase’s crypto infrastructure to simplify onboarding for mainstream consumers.

The rollout begins with U. S. Galaxy customers, where Samsung says more than 75 million device owners could benefit. Samsung executives have signalled plans to extend the integration to other markets globally.

This isn’t the first foray for the two companies. The integration was first announced in July, enabling Samsung Pay within the Coinbase app, allowing users to fund crypto purchases without leaving the app or switching payment methods.

Under the new details, Samsung Wallet becomes a conduit not just for payments and identity, but also crypto trading, staking, and portfolio oversight. The partnership emphasises security, leveraging Samsung’s Knox platform and tokenisation to protect user assets and data.

Shan Aggarwal, Coinbase’s Chief Business Officer, said the tie-up aligns with the firm’s mission to bring “more than a billion people on chain” by meeting them on devices they already use. Drew Blackard, Senior Vice President at Samsung, noted that Galaxy users already rely on their phones for payments, identity verification and digital storage—and crypto access is a natural extension.

The push is part of Coinbase’s broader strategy of embedding crypto capabilities across consumer channels. In August, the company disclosed $1.5 billion in Q2 revenue and underscored its ambition to become what it calls “the everything exchange” — a unified gateway to trading, payments, and on-chain finance.

In parallel, Coinbase has struck partnerships with financial institutions. Notably, it is collaborating with JPMorgan Chase to let customers link their bank accounts to Coinbase wallets, enabling crypto trading and the conversion of credit card points into digital assets.

Industry observers view the Samsung integration as one of the most ambitious consumer-level crypto distribution moves to date. By embedding exchange functionality directly into a widely used mobile wallet, Coinbase and Samsung seek to lower structural barriers that often frustrate new crypto users.

That said, challenges remain. The U. S. regulatory environment around crypto remains volatile, with the SEC and other agencies scrutinising exchanges, token listings, and taxation. Skeptics warn that bundling crypto into everyday apps could expose users to market risk without full awareness.

Meanwhile, the phased rollout in the U. S. and Canada will test adoption rates, user behaviour, cross-border compliance, and competition from rival wallets like Apple Pay or Google Wallet, some of which may pursue their own crypto plans.

By Sushil Kutty There’s this theory going around that the Congress, wherever it has fought elections in recent years, from Haryana to Maharashtra, and now Bihar in the offing, it fought with its INDIA bloc allies more than with the BJP, the party to beat if the INDIA Bloc has to oust Prime Minister Narendra […]

The article Congress Should Go The Whole Hog With Its Ally RJD In Coming Bihar Polls appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Oil prices are sliding as traders cite mounting unsold Middle Eastern crude and weakening demand from key importers. This shift raises prospects of a global oversupply even as OPEC+ debates its next policy move.

Estimates from trading houses place unsold crude cargoes for November loading in the Middle East between 6 million and 12 million barrels. These volumes represent a departure from usual patterns where discount-seeking buyers quickly absorb surplus cargoes. Market participants point to a combination of subdued Chinese demand and logistical bottlenecks as contributing factors.

Spot premiums on benchmark grades such as Oman, Dubai and Murban have plunged below $2 per barrel, reflecting the discounts sellers are forced to offer to entice buyers. One trading analyst noted that the drop in premiums signals heightened desperation amid a buyer’s market for Middle Eastern crude.

China, a traditional backstop for surplus exports, is showing signs of pulling back. In May, China recorded a crude surplus of 1.4 million barrels per day—indicating that imports significantly outpaced refinery throughput. That accumulated surplus suggests refiners are prioritising inventory building over active processing, perhaps in anticipation of future market volatility.

Iran adds another layer of complexity. Tanker-tracking firms estimate that between 23 million and 33 million barrels of Iranian crude are currently held in floating storage. While Iran’s oil minister has denied any unsold inventory, satellite and maritime data paint a different picture. Analysts say the discrepancy reflects the country’s use of ship-to-ship transfers and “ghost fleet” operations to obscure the origin and movement of crude, especially in shipments headed for China.

These movements coincide with a broader recalibration in OPEC+ strategy. Some member states, notably Iraq, have increased destination-free exports, signalling an intent to saturate markets and regain influence with trading partners. Iraq’s shipment of Basrah Medium crude is projected to rise significantly in the coming month, following a period in which pledged output increases by coalition members have lagged deliveries.

Many analysts believe that OPEC+ will proceed cautiously in its production decisions. A sudden output cut might stoke accusations of market manipulation, while continued supply expansion could exacerbate falling price trends. Ahead of its upcoming meeting, the group faces the dilemma of balancing the need to safeguard revenue against the risk of triggering a price collapse.

Meanwhile, U. S. domestic supply is contributing to uncertainty. The Energy Information Administration reports that U. S. output has strengthened marginally, offset by curtailed imports of Russian crude under tightened sanctions. But some industry observers warn that U. S. production may have peaked. One petroleum engineer pointed to a 12 percent decline in output from October 2024 to June 2025, citing state-level data that may undercut EIA projections.

Oil futures reflect growing anxiety. Brent crude and West Texas Intermediate have posted their steepest weekly drops since June, falling over 8 percent in some benchmarks amid concerns that global inventories will build significantly. Traders increasingly view OPEC’s next move as critical in determining whether markets stabilise or cede ground to excess supply.

In this environment, floating storage becomes a more active tool. The accumulation of oil held offshore is not just a symptom of imbalance but a way to temporally manage supply pressure. Floating oil reserves enable sellers to delay deliveries until market conditions improve—or until buyers return.

Refiners in Asia and Europe are approaching capacity constraints. Some are cutting processing rates or entering maintenance periods, reducing appetite for new crude. Because many surplus cargoes are being offered on destination-free terms, they face competition across regions—and the lack of clear demand is forcing suppliers to lengthen delivery offers or scale back premiums.

If the pricing squeeze deepens, some producers may respond by cutting output unilaterally. Others might seek to promote further cooperation on coordinated supply restraint, though such moves carry reputational risk if markets judge them as manipulative. Meanwhile, importers in developing markets—particularly in Africa and Southeast Asia—could benefit from cheaper crude. But those gains may not offset pressure on oil-producing economies that rely heavily on export revenue to fund budgets and social programmes.

Space42 has issued its Foresight Constellation Viewpoint, a strategic dossier that underscores how Synthetic Aperture Radar satellite systems, when paired with artificial intelligence, can reshape decision making for governments and industries. The viewpoint emphasises the capacity for persistent imaging, all-weather operation and near-instant analytics — capabilities that are becoming mission-critical in an era of intensifying climate, security and infrastructure challenges.

At the heart of the Viewpoint is GIQ, Space42’s AI engine that converts raw SAR data streams into decision-grade intelligence within minutes. The report argues that the combination of high-resolution persistent coverage and AI transforms Earth observation from static imagery into a dynamic intelligence layer for monitoring, planning and emergency response. Launching Foresight-1 in August 2024 and Foresight-2 in January 2025 has already bolstered the UAE’s Earth observation capability.

Space42 frames its approach as not just a technological upgrade, but a sovereign asset: reliance on third-party satellite data leaves states vulnerable to disruptions, but a domestic SAR-analytics ecosystem offers resilience and control. The global SAR market, currently estimated around $5.8 billion, is forecast to nearly double to $9.8 billion by 2030. According to the Viewpoint, deployment of integrated SAR systems can yield cost savings — for instance, reducing predictive maintenance expenses by up to 30 per cent while improving emergency response by as much as 90 per cent.

The technical backbone of this strategy depends on both the satellite constellation and ground systems. Space42 has entered into a joint venture with ICEYE to localise manufacturing of SAR satellites in the UAE, aiming to strengthen supply chains and transfer expertise. The joint venture builds on prior collaboration: ICEYE’s technology underpins the Foresight satellites, and cooperation is intended to deepen over coming years.

Foresight-2 was successfully deployed via a rideshare launch on 14 January 2025, expanding the constellation’s capabilities and reinforcing its ability to revisit areas multiple times per day. With Foresight-1 and 2 in orbit, the full constellation is expected by 2027. The satellites exploit SAR’s unique ability to image through clouds and in darkness — a significant advantage over optical systems, especially in disaster and high-latency environments.

The Viewpoint also positions its narrative with real-world scenarios. It cites the 2023 Turkey earthquake, in which optical systems were hindered by cloud cover, while SAR satellites continued functioning — enabling assessments of a major dam’s structural integrity in crisis conditions. That example supports the argument that SAR ecosystems must be treated not as supplements but as core infrastructure for resilience and security.

Space42 positions itself as a full-stack player: not merely a satellite operator but a systems integrator combining space services, geospatial analytics and AI. Its dual business units—Space Services and Smart Solutions—serve satellite operations and downstream intelligence markets respectively. Among its touted use cases are border surveillance, maritime monitoring, infrastructure health, mobility and disaster management.

Yet challenges remain. Building sovereign SAR ecosystems demands investment in ground infrastructure, antenna networks, data processing centres and skilled personnel. Market competition is increasing: global players—commercial and governmental—are accelerating developments in miniaturised SAR payloads, hybrid optical/SAR systems and edge AI processing. Moreover, the cost dynamics of deploying dense constellations must be managed against returns from clients in defence, environment and infrastructure sectors.

Citi has revised its cryptocurrency outlook with a bold projection that Bitcoin will reach $181,000 within the next 12 months, while lowering its year-end 2025 target to $133,000 amid macro headwinds. The bank’s analysts emphasise that sustained inflows from exchange-traded funds and institutional adoption will serve as the key drivers behind this forecast.

In its latest note to clients, Citi outlined a base case assuming roughly $7.5 billion of inflows into Bitcoin through ETFs and corporate digital treasuries. In its bullish scenario, that figure could accelerate, boosting the upper bound estimate to $156,000 by year-end 2025. On the other hand, if recessionary pressures intensify, the bear case puts Bitcoin as low as $83,000.

Citi trimmed its near-term outlook slightly, revising the 2025 year-end Bitcoin target downward from $135,000 to $133,000. The bank cited factors such as a stronger U. S. dollar and softer gold prices as constraining forces even as demand remains intact. Ethereum’s forecast was upgraded: the bank now expects it to close 2025 at $4,500 and rise to $5,440 over 12 months. The increased optimism for Ethereum stems from its yield-producing features, staking potential and growing institutional interest.

These adjustments came amidst a backdrop of accelerating ETF inflows across asset classes. U. S.-listed ETFs have now amassed roughly $917 billion this year alone, following on from a record $1.1 trillion in the prior year. Bitcoin‐linked ETFs such as BlackRock’s IBIT have contributed meaningfully to that tally, while ETFs offering derivative strategies or income-oriented profiles have also drawn substantial capital.

Market commentators point out that ETFs offer a more accessible, regulated path for institutional investors and financial advisors to gain crypto exposure. That ease of entry, combined with the liquidity and scale of Bitcoin as the “digital gold” play, underpins Citi’s conviction that Bitcoin remains poised to absorb a disproportionate share of new capital entering the crypto sector.

Still, Citi emphasises that its bullish scenario depends heavily on flow continuity. Should macro conditions deteriorate—whether through tighter monetary policy, weaker risk appetite, or geopolitical stress—those inflows could slow or reverse. In such a scenario, Citi’s downside targets become relevant.

Other analysts echo a cautiously bullish tone. Some foresee Bitcoin reaching $160,000 to $200,000 by year-end, citing seasonal patterns and regulatory tailwinds, especially developments in U. S. crypto policy. Others warn that high valuations and volatility could invite sharper pullbacks if sentiment weakens.

The tension between macro headwinds and structural drivers is particularly evident in Ethereum’s case. Unlike Bitcoin, Ethereum supports staking and decentralized finance activity, making it more sensitive to adoption metrics and usage growth. Citi believes that those features make Ethereum increasingly appealing to yield-seeking institutions, especially as its ecosystem matures.

Crypto markets have responded positively to the outlook. Bitcoin has recently moved past $120,000 levels, reaching two-month highs, while Ethereum’s price has also climbed steadily. Some of this momentum, analysts say, appears driven by ETF allocations and strong demand from institutional flows.

Dubai’s ride-hailing landscape has shifted dramatically as the UAE-based Zed app now encompasses 10,764 taxis across the emirate—equivalent to more than four in five licensed cabs. The move was enabled through strategic partnerships with Dubai Taxi Corporation and National Taxi, folding in the fleets of three major operators.

Under the new arrangement, DTC’s entire fleet and those of National Taxi and Kabi by Al Ghurair become bookable via the Zed platform, effectively making Zed the host of Dubai’s second-largest taxi fleet. Zed executives describe the expansion as a means of enhancing coverage, cutting cancellations, and lowering wait times, especially across areas traditionally underserved.

Badr Al Ghurair, Zed’s Chief Executive, emphasised the home-grown nature of the platform and its deep knowledge of Dubai’s commuting patterns: “this collaboration … further strengthens Dubai’s mobility ecosystem while ensuring that our communities have access to reliable, everyday transport solutions” he said. Abhinav Patwa, Zed’s EVP and Head, added that the alliances provide scale and reliability without losing sight of a customer-first approach.

The accord comes amid Dubai’s broader ambition of converting 80 per cent of taxi bookings to digital platforms—a target within reach through the emirate’s Smart City 2025 programme. The integrated fleet also introduces more electric and hybrid taxis into Zed’s pool, aligning with the city’s sustainability goals.

This consolidation represents a notable realignment in Dubai’s mobility market. For years, taxis and e-hailing apps operated largely in parallel, with limited overlap in booking channels. The new model bridges that divide, bringing traditional operators into the digital fold via a single platform. Analysts say the move may accelerate the decline in usage of standalone taxi apps and push rivals to forge similar alliances or risk falling behind.

Dubai Taxi Company, now a public joint stock firm under Law No. 21 of 2023, operates more than 10,000 vehicles, of which 6,200 taxis were folded into the agreement. Kabi by Al Ghurair contributed another 3,680 vehicles under the tie-up. According to RTA data, Dubai’s taxi sector expanded by 7 per cent in the first half of 2025 compared with the same period in 2024, signalling growing demand for urban mobility services.

Through the arrangement, newly commissioned taxis across the partner fleets will automatically integrate into Zed’s system—making service expansion incremental and scalable. Several of the added vehicles are electric or hybrid, helping Zed accelerate its greening efforts.

Passengers can now access all these taxis via Zed’s iOS and Android apps, with the platform continuing to offer features such as guaranteed on-time pickups for pre-booked premium rides. The enhanced capacity is expected to reduce wait times during peak hours, improve service in remote zones, and lower the incidence of ride cancellations.

Riyadh has unveiled a bold draft plan to permit all non-resident foreign investors direct access to the main Saudi stock market, eliminating the need for the current Qualified Foreign Investor framework and abolishing swap agreements. The Capital Market Authority has opened a 30-day public consultation on the proposal, which, if adopted, would mark a major liberalisation in the Kingdom’s capital markets.

Under the draft, non-resident investors would no longer need to satisfy eligibility thresholds currently required for QFI status, and would be permitted to hold shares in listed companies in their own names. The plan would also phase out swap arrangements that allow foreign parties to obtain economic exposure to Saudi stocks without holding legal title. The consultation period runs until 31 October 2025.

The CMA says the changes aim to broaden the investor base, increase liquidity and attract a wider pool of capital. Foreign holdings in the main market had already reached SAR 412 billion by mid-2025, comprising more than 471 percent growth from SAR 72 billion in 2015. Non-resident capital under the QFI regime, combined with swap exposure, totals over SAR 528 billion.

The QFI system currently imposes strict entry criteria — one requirement is minimum assets under management of SAR 1.875 billion. QFIs also enjoy direct ownership and voting rights, whereas swap-based investors operate indirectly. Under the rules, non-resident foreign investors face a cap of 10 percent in any listed firm, while aggregate foreign ownership in a company is capped at 49 percent. Swap contracts are legally structured to grant economic benefits without formal shareholding rights under the depositary centre system.

Market analysts say lifting QFI restrictions could lower barriers for small and mid-sized international asset managers that presently cannot meet the QFI thresholds. “This is a structural shift — it moves Saudi from a screened-access regime to an open one,” commented a Gulf region investment strategist. Observers note, however, that tightening surveillance, settlement and disclosure mechanisms will be essential to managing risks of volatility and capital flight.

Under the draft, swap accounts held by foreign investors would need to be converted to direct shareholding accounts within a transition period of up to 12 months. The CMA also proposes adjustments to reporting, market conduct and corporate governance rules to ensure fairness.

The consultation draft aligns with broader reforms introduced in 2025, including simplification of account opening for some foreign investor categories, especially GCC-residents or overseas investors with prior residency in the region. That move had already signalled a gradual loosening of restrictions.

Equity markets in the Gulf contrast in openness. The UAE and Qatar allow broader foreign participation, while Saudi’s incumbent QFI plus swap structure has long been viewed as more restrictive. Proponents of liberalisation contend that full direct access may raise Saudi’s appeal as a regional hub and deepen cross-border portfolio flows.

By K Raveendran Bill Gates’ recent revelation about how a critical recruitment drive of fifteen Indian engineers had once saved Microsoft from slipping into irrelevance comes at a time when the United States under Donald Trump is imposing restrictive visa measures that are designed to block the very talent pool that had proven indispensable for […]

The article Trump’s Visa Tariff May Be Blessing In Disguise For India’s Talent Reservoir appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The city-state’s employers have set a striking pace as they head into the final quarter of 2025: a Net Employment Outlook of 45 per cent signals that nearly three in five organisations expect to expand their workforces. That optimism comes amid shifting global headwinds, structural reforms, and a rising demand for specialised talent.

The ManpowerGroup Employment Outlook Survey canvassed 525 UAE employers across sectors to assess hiring intentions. A positive balance of 45 per cent means that those anticipating workforce increases outnumber those expecting reductions by nearly half. This figure places the UAE among the world’s more aggressive labour markets, especially given challenges such as global trade uncertainty, rising automation, and fluctuating commodity prices.

This projected hiring boom is not evenly distributed. The strongest demand lies in transport, logistics and automotive, energy and utilities, and consumer goods and services. These sectors appear ready to leverage infrastructure projects, green energy transitions, and regional consumption growth. Meanwhile, the information technology sector is showing solid demand at +48 per cent, reflecting sustained digital transformation pushes.

Driving much of this confidence is corporate expansion: 40 per cent of participating firms cited scaling operations as their primary reason for hiring. Another 28 per cent pointed to pivoting business models and growth into new areas. In addition, nearly 30 per cent of respondents acknowledged that talent shortages—and competition for specialised skills—are influencing recruitment strategies.

Yet the buoyant sentiment is tempered by caution. Roughly 10 per cent of employers still expect to trim staff, particularly in roles vulnerable to automation or in sectors facing structural disruption. Around 15 per cent responded that they will hold staffing constant, prioritising internal upskilling over external recruitment. In interviews, some HR executives noted that while they want to hire aggressively, wage inflation, geopolitical uncertainty, and regulatory shifts may prompt them to phase recruitment over several quarters.

Regional and global context strengthens the UAE’s position. In the third quarter of 2025, the UAE recorded a world-leading NEO of +48 per cent. That marked a standout alignment with its long-term growth strategy, and the Q4 figure of +45 per cent suggests sustained momentum rather than a cyclical spike. Elsewhere, the global average NEO stood at +24 per cent during Q3 — placing the UAE’s outlook nearly double the global benchmark.

Analysts view this hiring optimism as part of a broader strategy to reposition the UAE as a knowledge-economy hub. Recent government initiatives have focused on advanced manufacturing, artificial intelligence, sustainability, and logistics corridors. These programs have triggered demand not only for engineers and technicians but also for data scientists, sustainability consultants, and cross-disciplinary professionals. In one corporates sector round-table, a senior UAE CEO observed that “the competition for deep tech talent is global, and we must offer not just pay but opportunity, stability and a pathway for growth.”

Labour authorities are also aligning policies with employer needs. New visa frameworks, targeted Emiratisation programmes, and regulatory incentives for R&D investment are being synchronized with workforce forecasts. At the same time, the UAE’s PMI for non-oil activity has held above the expansion threshold, underlining demand growth across private sectors and supporting hiring intent.

However, potential headwinds remain significant. Global supply chain disruptions, slowing demand in key export markets, and monetary tightening in major economies could dampen growth. Employers may delay or scale back hiring plans if external pressures intensify. Some labour economists warn of mismatches between skills supplied locally and those demanded, especially in emerging fields.

By Anjan Roy Donald Trump’s high fees for H1B visas are a serious headache for India, not just for the sake of its impact on India’s IT sector and services exports to USA. This is a huge worry for the overall security environment and strategic- diplomatic scenario for India. Among others, if China is able […]

The article China Is Making Every Effort To Attract Talent Thrown Out By America appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Abu Dhabi — The Federal Authority for Identity, Citizenship, Customs and Port Security has introduced sweeping changes to the UAE’s visa regime, adding four new visit-visa categories tailored to specialists in artificial intelligence, entertainment, events, and cruise or leisure-boat tourism, while also rolling out humanitarian and widow/divorcee residence permits.

Under the new framework, the AI Specialist Visit Visa allows single or multiple entries, provided applicants submit a sponsorship letter from a recognised technology or AI institution. The Entertainment Visit Visa is intended for individuals engaging in licensed entertainment or gaming activities, while the Event Visit Visa covers attendance at festivals, exhibitions, conferences, sports, or cultural events, sponsored by public or private hosts. The Cruise & Leisure-Boat Visit Visa offers multiple-entry permits for travellers arriving via marine routes, on condition of submitting a detailed itinerary and engaging a licensed host in the tourism industry.

Alongside these targeted visit visas, the ICP now issues a Humanitarian Residence Permit, valid for one year, with possible extension under certain conditions. This permit is designed to assist individuals from countries experiencing conflict, natural disasters, or severe unrest. Notably, it can be granted without a guarantor or host, though it may be cancelled or voided if the holder departs the UAE. In exceptional cases involving relatives or in-laws, the authority may waive requirements like financial solvency or degree of kinship.

The revisions also extend protections to foreign widows and divorcees. A one-year renewable residence permit is available to foreign women whose UAE-based husband died or divorced, provided applications are submitted within six months. If the husband was a non-UAE national, eligibility depends on whether the woman held residency at the time, whether she has custody of children, and whether she was previously sponsored. Provisions for adequate housing and financial stability apply, and custody disputes will be adjudicated by a designated committee.

Revised rules for sponsoring friends or relatives now incorporate income thresholds: sponsors must earn at least AED 4,000 per month to sponsor first-degree relatives, AED 8,000 for second- or third-degree relatives, and AED 15,000 to sponsor friends. The updated system also introduces a structured schedule defining visit-visa durations and extension rules.

Other key visa reforms include tightening the Business Exploration Visa criteria and easing Truck Driver Visas—allowing single or multiple entries provided drivers are sponsored by licensed freight or transport companies and meet health, fee, and financial guarantee conditions.

In a statement, Major General Suhail Saeed Al Khaili, Director General of ICP, said the reforms emerge from “careful studies and forward-looking assessments” that considered global residency trends, client feedback, and the UAE’s strategic demands. He described the changes as intended to “meet the needs of customers while considering humanitarian and economic circumstances” and to drive technology, tourism, and economic diversification.

By Nitya Chakraborty In Nepal, following the tumultuous developments on September 8, 9 and 10 as a result of Generation Z uprising, the 2.9 crore nation is crawling back to normalcy . Under the leadership of interim Prime Minister Sushila Karki, the new administration is making sincere efforts to ensure law and order to prepare […]

The article Nepal’s Political Course Till March 5 Elections Gripped In Uncertainties appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Digital asset treasury firms, which raise capital to accumulate crypto assets on their balance sheets, are being reimagined by market analysts as possible long-term powerhouses akin to Berkshire Hathaway. Ryan Watkins, co-founder of Syncracy Capital, argues that the more successful of these firms—currently seen by many as speculative vehicles—could evolve into permanent capital engines that deploy resources, build operating businesses, and influence ecosystem governance.

These treasury firms already collectively manage over $105 billion in crypto holdings, across assets such as Bitcoin, Ethereum and others. Watkins emphasises that the largest winners will be those that transition from mere accumulation into diversified operations across staking, lending, infrastructure and enterprise investment.

The model diverges from traditional crypto “hoard and hope” strategies. Rather than simply acting as passive holders, Watkins projects that top-tier treasury companies will adopt a hybrid role: asset manager, growth investor, and operational builder. In his view, they may eventually resemble conglomerates that deploy capital into promising ventures, fund ecosystem projects, and re-invest profits strategically.

Some firms already reflect parts of this shift. MicroStrategy remains a benchmark, having raised capital through equity and convertible debt to purchase Bitcoin. As of mid-2025, dozens of public and private entities have announced intentions to create treasury arms or adopt treasury strategies. Firms are expanding beyond Bitcoin into Ethereum, Solana and other networks, seeking yield diversification.

A newly announced example is AVAX One, backed by Anthony Scaramucci and Hivemind Capital, which aims to raise $550 million to acquire AVAX tokens and expand into fintech and insurance acquisitions on the Avalanche network. This signals growing appetite for treasury firms to enter adjacent sectors and integrate vertically.

At the same time, regulatory and ethical challenges loom. Critics warn that some treasury firms may disguise self-dealing as capital deployment, favouring projects in which insiders hold undue influence. Without rigorous governance, the line between strategic investment and insider enrichment can blur.

Regulatory scrutiny is also emerging: authorities like the U. S. Securities and Exchange Commission and FINRA have initiated probes into suspicious trading around announcements by publicly traded firms adopting crypto treasury plans, seeking to determine whether some investors benefitted from non-public disclosures. Meanwhile, treasury entities face pressure to provide transparency in reserves and audit practices, especially as they reassure investors about balance sheet integrity.

Fog enveloped numerous regions across the UAE, including Al Dhafra, Ghiyathi, Yaw Al Nadhrah, Baynounah and Um Al Ashtan, as well as parts of Dubai, resulting in variable speed limits on key highways and frequent warnings from traffic authorities. In Abu Dhabi, electronic signboards are being used to dynamically adjust permissible speeds in response to shifting visibility. Authorities also issued repeated reminders to follow traffic signals and stay alert to sudden changes in road conditions.

The NCM forecast clear to partly cloudy skies for the day, but cautioned that humidity levels would rise overnight, which may cause fog formation to persist into early Monday morning in inland and coastal areas. Winds are expected to be light to moderate, occasionally gusting to 40 km/h over sea areas. Sea conditions are likely to remain slight to moderate in the Arabian Gulf, becoming rough toward the western zones, while the Gulf of Oman is expected to stay relatively moderate.

Temperature highs for the day are projected to reach around 40 °C in Abu Dhabi and Dubai, while overnight lows may dip to between 25 °C and 31 °C, further elevating the risk of condensation and mist formation by dawn. Humidity is set to reach levels as high as 90–95 percent, especially in coastal zones.

Abu Dhabi Police, in a public advisory, urged motorists to keep lights on, maintain safe following distances and heed variable speed signs. They reiterated that foggy patches may develop unpredictably along inter-emirate and rural routes. Traffic safety officers are being stationed at vulnerable corridors to assist drivers and manage flow.

By K Raveendran The global oil market is once again caught between geopolitics and fundamentals, as a new set of developments forces traders, producers, and consumers to recalibrate expectations. With the United States and the European Union signalling a hardening of positions on Russian oil, and with the Middle East simmering in heightened tensions, Brent […]

The article World Oil Flows At A Critical Juncture As India, US Try To Hammer Out A Deal appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Three companies—The Littlestone Company, Alpha Ledger Technologies and Celadon Capital Markets—have launched a joint initiative to convert up to $1 billion of essential housing projects into blockchain-based tokens on the Solana network. The programme aims to democratise real estate investment by enabling fractional ownership, automated income flows and secondary market trading.

At the core of the effort, Littlestone brings decades of housing development experience, particularly in underserved communities. Alpha Ledger will supply the tokenisation infrastructure, mapping property ownership rights into programmable digital assets. Celadon will manage legal structuring, compliance and investor onboarding. Their first focus is on multifamily housing in Texas, with plans to scale thereafter.

Littlestone’s CEO, Peter Wasserman, frames the collaboration as a way to “accelerate delivery of sustainable, high-quality communities for workforce families and active adults 55+,” stressing that tokenisation can reduce capital constraints while broadening investor participation. Celadon’s Armand Pastine says the partnership targets the so-called “Missing Middle”—teachers, nurses and seniors underserved by conventional housing finance—and intends to unlock that segment through blockchain.

Solana’s mechanics—fast settlement, low fees and built-in tooling for real-world assets—make it a natural fit for such endeavours. The network already supports token extensions, permissioned environments and “transfer hooks” to embed KYC/AML rules directly into on-chain logic. Solana itself promotes the concept of real-world assets onchain, arguing that its architecture enables instant, cross-border settlement and programmable compliance at scale.

This project is not an outlier. The asset tokenisation sector has seen explosive growth in 2025, with estimates for real-world asset capital on chain rising from under $10 billion at the year’s start to over $60 billion by mid-year. The rise reflects growing institutional and retail demand, as well as regulatory openings. Meanwhile, major players like Securitize are expanding their issuance and trading platforms for tokenised securities, and firms such as Tokeny, ADDX and Ondo are becoming increasingly active in the tokenisation ecosystem.

Still, the initiative faces structural challenges. Regulatory uncertainty over securities laws, valuation complexities, liquidity concerns and investor protection remain key hurdles. The need to map off-chain legal claims into on-chain expression requires careful design, often involving special purpose vehicles or trust structures. Token liquidity may rely on secondary markets that are still nascent.

Kuwait Petroleum International and payments provider WEX have launched a joint fuel card in Italy, called CartissimaQ8-WEX, offering business customers access to a network of more than 3,400 service stations, including Q8, Q8easy, and authorised partners.

Under the partnership, WEX cardholders will be able to refuel across Italy’s Q8 network and partner sites, gaining visibility over fuel consumption and simplified billing. KPI said the initiative is part of its strategy to deepen its footprint in the Italian market by introducing a new sales channel in collaboration with a payments specialist.

The agreement provides WEX customers access to a broad distribution system spanning Q8, Q8easy and authorised stations across Italy. KPI’s network in the country already includes several hundred stations, and this card linkage aims to consolidate its reach by leveraging WEX’s fleet and payments infrastructure.

WEX has been actively expanding its European fuel network via partnerships in countries such as France and the Netherlands, tying up with Carrefour and Sakko to broaden its acceptance footprint. That expansion effort dovetails with this new agreement, enabling cross-market leverage.

While KPI is the local operating arm of Kuwait Petroleum Corporation, WEX is a US-based payments and fleet services firm. The alliance represents a fusion of upstream fuel retailing and downstream payments infrastructure. It also reflects a broader trend in the energy sector: fuel retailers seeking to strengthen customer retention through integrated payment and fleet management services.

Stakeholders in the Italian fuel and mobility markets view the move as a response to intensifying competition from independent fleet card providers and mobility fintechs. By embedding payments into its fuel ecosystem, KPI hopes to capture a larger share of corporate fleet spend and lock in recurring usage.

Industry analysts note that acceptance scale is key to fleet card uptake; the more stations that accept a given card, the more attractive it becomes for fleet operators. With 3,400 stations accessible under CartissimaQ8-WEX, the offering is immediately competitive.