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Russia has prohibited cryptocurrency mining across Moscow, the surrounding Moscow Region and parts of the Kursk Region until the end of 2032, widening restrictions designed to protect electricity networks from power-intensive digital currency operations. The measure will take effect on August 15, 2026, and remain in force until December 31, 2032. It covers both the mining of digital currencies and participation in cryptocurrency mining pools, closing a […]

Binance founder Changpeng Zhao has urged cryptocurrency holders to divide their assets among several wallets after attackers stole more than $70 million in bitcoin by exploiting weak recovery phrases generated by Coldcard hardware devices. Zhao, widely known as CZ, said even hardware wallets with long operating histories could contain software flaws. His warning marked a shift from the traditional advice to diversify cryptocurrency holdings, extending the principle […]

Arabian Post Staff -Dubai GEMS School of Research and Innovation will launch a Motorsport Academy in September, giving pupils structured access to racing, engineering, simulation technology and the wider business of competitive motorsport. The programme will be introduced for the 2026-27 academic year and will initially accept students from Years 4 to 9. Applications are open, with enrolment numbers expected to be limited to maintain personalised coaching […]

Arabian Post Staff -Dubai Investcorp has acquired a majority stake in Berger Financial Group, entering North America’s wealth management market through a platform overseeing more than $3 billion in client assets. Financial terms of the transaction were not disclosed. Berger’s management team and financial advisers will retain a significant ownership interest, while the company’s existing leadership will continue to manage its day-to-day operations. Investcorp will gain representation […]

Arabian Post Staff -Dubai The UAE has abolished 15 capital-market fees while raising selected charges linked to public offerings, combining broad cost relief for financial firms with higher pricing for regulatory work on complex transactions. The Capital Market Authority approved the changes after reviewing fees covering services and activities under its supervision. The overhaul is intended to simplify the charging structure, remove costs that no longer serve […]

Arabian Post Staff -Dubai Saudi billionaire Prince Alwaleed bin Talal has acquired a 5 per cent stake in Lucid Group, investing about $129.5 million as the electric vehicle maker battles heavy losses, weak demand and concerns over its funding needs. A regulatory disclosure showed that Prince Alwaleed beneficially owns roughly 19.5 million Lucid shares. The investment is separate from the controlling interest held by Saudi Arabia’s Public […]

Arabian Post Staff -Dubai Dubai International Financial Centre has surpassed 10,000 active registered companies for the first time, sustaining rapid growth despite war-related disruption, weaker regional confidence and pressure on several parts of Dubai’s economy. The number of active companies operating from DIFC reached 10,018 at the end of June, up 30 per cent from a year earlier. The centre attracted 2,318 additional active businesses over the […]

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Arabian Post Staff -Dubai Abu Dhabi Global Market has recognised Tether Gold as an Accepted Spot Commodity, opening the way for licensed financial firms in the centre to provide regulated services involving the gold-backed digital token. The designation covers XAU₮, issued by Tether through its commodities business. Each full token represents ownership of one fine troy ounce of physical gold allocated from a London Good Delivery bar […]

Europe’s tougher digital-asset rules are creating conditions for a new wave of mergers and acquisitions as crypto companies seek licences, compliance expertise, customers and stronger links with established banks. The European Union’s Markets in Crypto-Assets regulation, known as MiCA, entered a decisive phase on July 1, when the final transitional arrangements expired across the bloc. Crypto exchanges, custodians and other service providers can no longer rely on […]

Arabian Post Staff -Dubai ADGM has updated its Commercial Permits framework with new regulations and detailed guidance governing sales and promotional activities, aiming to simplify approvals while strengthening consumer protection across Abu Dhabi’s international financial centre. The revised framework establishes clearer requirements for businesses, professionals and other eligible entities seeking to conduct promotions within ADGM’s jurisdiction, which covers Al Maryah Island and Al Reem Island. It applies […]

Arabian Post Staff -Dubai US President Donald Trump has made Saudi Arabia’s normalisation of relations with Israel a condition for advancing a newly signed civil nuclear cooperation agreement, adding a major diplomatic hurdle to a deal already facing scrutiny over uranium enrichment and safeguards. Trump said on Thursday that the agreement was “totally subject” to Riyadh joining the Abraham Accords, the US-backed framework that established diplomatic relations […]

Arabian Post Staff -Dubai CycloTech is advancing an unconventional air-taxi concept that replaces exposed horizontal propellers with barrel-shaped CycloRotors capable of directing thrust through 360 degrees. The four-seat design, configured for a pilot and three passengers, has been projected to travel about 85 kilometres, remain airborne for 40 minutes and cruise at 150 kilometres per hour. Those figures remain development targets rather than certified performance data from […]

Hackers exploited Wanchain’s bridge connecting Cardano and BNB Chain, draining about 515 million NIGHT tokens valued at roughly $9 million and forcing the affected cross-chain route to suspend operations. The attack targeted infrastructure operated by Wanchain rather than the Cardano or Midnight blockchains. Midnight Foundation said its network, validators and consensus system remained secure, seeking to contain concern that the breach had compromised the underlying privacy-focused protocol. […]

Three cryptocurrency protocols linked to Bitcoin and Ethereum lost more than $35 million in a series of attacks within about six hours, exposing persistent weaknesses in cross-chain bridges, administrative controls and contract validation systems. The largest loss was recorded by AFX Trade, a perpetual futures platform operating through an independently managed bridge on Arbitrum. Attackers removed about $24.15 million in USDC before transferring the assets from Arbitrum […]

Arabian Post Staff -Dubai Saudi Arabia’s Air Connectivity Program has signed an agreement with premium leisure airline beOnd to explore direct flights between Red Sea International Airport and six major European cities. The proposed all-premium services would connect the Red Sea tourism destination with London, Paris, Moscow, Milan, Munich and Zurich. The memorandum of understanding was signed during Saudi Arabia’s participation in the Farnborough International Airshow 2026, […]

Arabian Post Staff -Dubai Ras Al Khaimah Economic Zone has partnered with Fazaa to give eligible employees of registered companies access to membership benefits, discounts and services across the UAE. The agreement allows qualifying workers to subscribe through RAKEZ to Fazaa’s Silver, Gold and Platinum membership tiers. Benefits are available across healthcare, restaurants, retail, automotive services, beauty and wellness, furniture, property services and car rentals. RAKEZ will […]

Arabian Post Staff -Dubai DP World has agreed to develop and operate two new terminals in Fujairah under a 50-year concession, expanding the UAE’s cargo-handling capacity and creating a deep-water gateway with direct access to the Gulf of Oman. The agreement in principle with Fujairah Ports Authority covers the Al Rugaylat container and multi-purpose terminal and the Dibba General Cargo terminal. The projects will be developed in […]

The XRP Ledger has processed more than one million transactions initiated by artificial intelligence agents, highlighting the rapid emergence of machine-controlled payments across blockchain networks. The milestone was disclosed as developers expand systems that allow autonomous software to purchase data, computing capacity and other digital services without requiring a person to approve every payment. Ayo Akinyele, head of engineering at RippleX, expects activity to accelerate sharply, potentially […]

Arabian Post Staff -Dubai The UAE has outlined the eligibility and application requirements for its five-year multiple-entry tourist visa, offering frequent travellers a longer-term alternative to standard short-stay permits. The visa is open to applicants of all nationalities who meet the financial, documentation and travel conditions. It does not require sponsorship by a UAE resident, company, hotel or tourism agency, allowing travellers to apply directly through official […]

Arabian Post Staff -Dubai A Dubai-based digital marketplace is expanding direct hiring of models, actors, influencers and entertainers, giving businesses a faster route to creative professionals for advertising campaigns, productions and events. GulfGotTalents allows brands, advertising agencies, production houses, casting directors and event organisers to search verified profiles using criteria including location, profession, language, age and experience. Employers can post assignments, receive applications and communicate directly with […]

Arabian Post Staff -Dubai Embraer and Mubadala Investment Company have signed an agreement aimed at expanding aerospace manufacturing, services and technological capabilities in the UAE, strengthening the country’s role in the aircraft maker’s global supply and support network. The agreement establishes a framework for the two companies to assess industrial projects that could increase the amount of Embraer-related work carried out in the UAE and across the […]

Arabian Post Staff -Dubai Sharjah Taxi has completed one million trips booked through the Yango app, marking a significant expansion of digital taxi use in the emirate since the service was launched in February 2025. The milestone reflects rising passenger demand for app-based access to regulated city taxis, combining digital booking, journey tracking and electronic payment options with Sharjah’s established public transport network. The platform allows customers […]

Arabian Post Staff -Dubai Dubai Police has launched a Young Journalist course to equip school students with journalism skills, media awareness and a stronger understanding of responsible communication. The course forms part of the Dubai Police Summer Student Programme 2026, which is bringing together about 1,400 pupils from 130 public and private schools. Participants represent 31 nationalities, reflecting the broad social mix of Dubai’s student population. The […]

Arabian Post Staff -Dubai ExxonMobil has signed on as a Gold Sponsor of Angola Oil & Gas 2026, strengthening its position in the country as Luanda seeks billions of dollars in investment to sustain crude production and revive exploration. The conference will be held in Luanda on 9 and 10 September, bringing together energy companies, investors, financiers, service providers and policymakers. Angola is promoting an upstream investment […]

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