Ripple is repositioning XRP as a core collateral asset for institutional decentralised finance, signalling a strategic shift beyond its long-standing role in cross-border payments and liquidity services. Senior executives at the company say the plan centres on transforming the token into a foundational layer supporting tokenised financial markets, where banks, asset managers and financial institutions can use blockchain infrastructure for lending, trading and settlement. Ross Edwards, a […]
Ethereum’s market price has shown muted momentum across parts of the digital-asset market, yet underlying indicators suggest a steady expansion in the network’s financial infrastructure as tokenised real-world assets and Layer-2 platforms gather pace. Data tracking blockchain-based financial products indicates that tokenised real-world assets—commonly known as RWAs—have climbed to roughly $20.4 billion in value across decentralised networks, reflecting growing institutional participation and experimentation with blockchain settlement systems. […]
Circle moved about $68 million within half an hour using its own stablecoin infrastructure, offering a glimpse of how digital assets could reshape internal corporate payments traditionally handled through banks. The payments were carried out through the company’s Mint platform, a system designed to allow businesses to create and redeem the USDC stablecoin while managing liquidity across accounts. Chief executive Jeremy Allaire said the transfers took roughly […]
Arabian Post Staff -Dubai SoftBank Group’s digital payments subsidiary PayPay has secured backing from major Middle Eastern sovereign wealth funds as anchor investors for its planned Nasdaq listing, signalling growing Gulf interest in Asian fintech assets and global digital payments infrastructure. PayPay Corporation is preparing to raise about $1.1 billion through an initial public offering in the United States, with the Abu Dhabi Investment Authority and a […]
By K Raveendran Escalating hostilities between the United States, Israel and Iran are rapidly transforming a regional confrontation into a global economic and geopolitical crisis, raising the spectre of what many analysts are beginning to describe as a Third Gulf War. Tehran’s early warning that Washington might possess the ability to ignite the conflict but […]
Thousands of internal records linked to digital currency transactions have surfaced online, offering a rare glimpse into how financial networks connected to Iran may have used cryptocurrency platforms to navigate international sanctions. The leaked database, analysed by cybersecurity researchers and blockchain investigators, contains transaction logs, account identifiers and operational notes tied to exchanges and wallet services believed to have facilitated transfers linked to entities operating under restrictions […]
Arabian Post Staff -Dubai BlackRock has limited investor withdrawals from one of its largest private credit funds after a surge in redemption requests, underscoring mounting strain in the rapidly expanding market for non-bank lending valued at about $1.8 trillion. The restrictions apply to a private credit vehicle managed by the world’s largest asset manager that oversees roughly $26 billion in assets. Investors had sought to withdraw amounts […]
Credit spreads across Gulf bond markets have stabilised after widening briefly during the opening phase of the Middle East conflict, with investor demand returning to regional debt and supporting prices across several sectors. Trading activity in the days following the escalation showed spreads narrowing from earlier volatility, particularly in high-yield real estate bonds issued by companies across the Gulf Cooperation Council. Market participants say the shift reflects […]
Arabian Post Staff -Dubai Emerging market assets have endured one of their sharpest jolts in years as conflict spreading across the Middle East triggered a global flight from risk, driving currencies, equities and bonds lower while prompting major investment banks to scale back bullish positions. Heightened geopolitical tensions following United States and Israeli strikes on Iran unsettled financial markets, pushing investors towards the safety of the US […]
Arabian Post Staff -Dubai Major companies across the United Arab Emirates say operations remain stable and financial positions strong despite geopolitical tensions affecting parts of the wider Middle East, with executives emphasising that diversified portfolios, strong domestic demand and a stable regulatory environment are helping to cushion potential disruptions. Corporate statements released during the week reflected a cautious but confident tone as businesses across sectors ranging […]
Global cloud communications platform Infobip has opened a new data centre in Saudi Arabia, marking a strategic expansion aimed at supporting the Kingdom’s accelerating digital transformation and growing demand for locally hosted data services. The facility strengthens Infobip’s presence in the Middle East and aligns with Saudi Arabia’s efforts to build a resilient digital infrastructure under its economic diversification agenda. By locating critical cloud communications infrastructure inside […]
JAKARTA, INDONESIA – Media OutReach Newswire – 6 March 2026 –VinFast has signed two Memoranda of Understanding (MoUs) with transportation solution providers PT. Satu Kosong Tujuh and PT Sembilan Benua Abadi for the planned supply of a total of 20,000 VinFast electric vehicles by 2028. The agreements mark a significant milestone in VinFast’s strategy to expand its green mobility ecosystem in Indonesia, while reinforcing the Company’s credibility, market influence, and role in accelerating the electrification of transportation across Southeast Asia.
Representatives of VinFast and its partners PT. Satu Kosong Tujuh and PT. Sembilan Benua Abadi at the signing ceremony of the MoU to supply 20,000 VinFast electric vehicles for transportation services in Indonesia.
Under the MoUs, PT Sembilan Benua Abadi is expected to purchase 10,000 VinFast EVs by the end of 2027, while PT. Satu Kosong Tujuh plans to acquire 10,000 units by the end of 2028. The vehicles will include the Nerio Green (C-SUV) and the Limo Green (7-seat MPV). All vehicles will be deployed for commercial transportation services, maximizing the operational efficiency, cost advantages, and environmental benefits of VinFast’s electric models.
Nerio Green and Limo Green belong to the Green brand, which VinFast has developed and optimized specifically for commercial service operations. Nerio Green is adapted from the VF e34, the first model introduced by VinFast in the Indonesian market, and stands out with its modern urban design, spacious interior, and advanced technology features.
Meanwhile, Limo Green is the newest addition to the Green lineup launched in Indonesia. Measuring 4,740 x 1,872 x 1,728 mm with a wheelbase of 2,840 mm, Limo Green offers a spacious three-row configuration tailored to high-intensity passenger transport needs. Equipped with a durable LFP battery, the vehicle delivers a driving range of up to 450 km on a full charge, optimizing operating cycles and minimizing downtime.
By deploying VinFast’s electric fleet, PT. Satu Kosong Tujuh and PT Sembilan Benua Abadi will not only enhance fleet quality, maximize utilization efficiency, and reduce emissions, but also contribute to fostering green mobility habits within the community. The model is expected to generate a strong ripple effect, as Indonesian consumers gain direct, everyday exposure to the smooth, modern, and smart driving experience of electric vehicles.
PT. Satu Kosong Tujuh and PT Sembilan Benua Abadi are reputable transportation solution providers in Indonesia. With extensive operational experience and deep local market expertise, both companies are well-positioned to deploy large-scale electric fleets, optimize operational networks, and effectively reach target customer segments.
Mr. Nirzam Pahmi, SE, MM, President Director of PT. Satu Kosong Tujuh, said: “We have strong confidence in VinFast and its potential to build a comprehensive, inclusive, and accessible electric mobility ecosystem. This agreement aligns with our long-term vision of transitioning to fully electric vehicles and proactively embracing the green transformation trend across the region and globally.”
Mr. Wempy Suciadi, CEO of PT Sembilan Benua Abadi, stated: “We are impressed with Nerio Green and Limo Green not only for their product quality but also for the sustainable development vision they represent. These models are highly promising solutions that align with the practical needs of consumers amid the transition toward green transportation.”
Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: “We are honored to collaborate with reputable partners in Indonesia to accelerate EV adoption and advance the green transition. Partnering with experienced enterprises that possess deep local market understanding will enable VinFast to rapidly expand market coverage and bring modern mobility solutions closer to Indonesian consumers.”
After over two years of presence in Indonesia, VinFast has quickly established a structured and comprehensive development foundation. The Company is currently offering a full product lineup spanning entry-level to mid- and high-end segments, including VF 3, VF 5, VF e34, VF 6, VF 7, and VF MPV 7, as well as Green models such as Limo Green. This diversified portfolio allows partners to flexibly select vehicles suited to different service models, while enabling Indonesian consumers to access electric vehicles across various price points.
VinFast has also commenced operations at its Subang plant, underscoring its long-term investment commitment and direct contribution to the local value chain. In parallel, the Company continues to expand its ecosystem through the development of a nationwide dealership and after-sales service network; the rollout of an extensive charging infrastructure in partnership with V-Green; and strategic collaborations with leading banks and financial institutions to provide optimized financing solutions for customers.
Through flexible and pioneering policies, from financial support to warranty and after-sales programs, VinFast is progressively creating favorable conditions for Indonesian consumers to participate in the green mobility revolution./.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
South Korea’s stock market surged sharply, with benchmark indices climbing more than 12 per cent in a dramatic rally that placed the market on course for one of its strongest single-day performances on record. The sudden jump drew global attention as investors poured funds into major technology and export-driven companies, fuelling a broad-based rise across sectors. Trading data showed the benchmark KOSPI index soaring during the […]
A large-scale phishing infrastructure that enabled cybercriminals to bypass multi-factor authentication and hijack thousands of online accounts has been dismantled through a coordinated operation led by Microsoft, Europol and several industry partners, marking one of the most significant disruptions of a phishing-as-a-service network targeting corporate and consumer accounts worldwide. Authorities and cybersecurity specialists said the platform, known as Tycoon 2FA, operated as a sophisticated adversary-in-the-middle phishing system […]
Western Union has joined forces with Sasai Fintech, a business unit of Cassava Technologies, to launch a mobile application aimed at expanding international money transfer services for consumers in South Africa. The initiative seeks to widen access to digital remittances for users who increasingly rely on smartphones and mobile connectivity to manage cross-border payments. The co-branded application enables customers in South Africa to send money internationally through […]
Authorities in the United Arab Emirates have issued a nationwide alert after fraudulent emails began circulating that falsely claim to request emergency registration details from residents, prompting officials to warn the public against sharing personal information through unofficial channels. The Ministry of Interior said the messages impersonate government communication and urge recipients to provide sensitive details under the pretext of registering for emergency alerts or civil protection […]
HONG KONG SAR – Media OutReach Newswire – 5 March 2026 – Know Your Customer Limited (“Know Your Customer”), a recognised expert in automated business verification solutions today announced its collaboration with DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) to support its pioneering digital banking transformation, by address the rising need for automated, efficient onboarding and the often manual, cumbersome SME processes. This collaboration marks a big leap in SME onboarding automation by transforming DBS Hong Kong’s digital onboarding through simplifying and automating critical business KYC procedures.
DBS Hong Kong collaborates with Know Your Customer Limited to further improve digital account opening for SMEs
Leveraging Know Your Customer’s cutting-edge digital compliance platform, DBS Hong Kong will gain real-time access to comprehensive business verification data — including instant retrieval of official company documents and automatic identification of complex ultimate beneficial ownership (UBO) networks across more than 140 jurisdictions.
This AI-powered automation addresses the traditionally manual and cumbersome SME onboarding processes by streamlining the end-to-end business KYC process, efficiently verifying corporate structures and ownership, reducing manual effort and accelerating onboarding timelines. The result is significantly enhanced operational efficiency and a faster, more seamless onboarding experience for DBS Hong Kong’s business customers.
[Lareina Wang, Head of SME Banking, DBS Bank Hong Kong] said,
” At DBS Hong Kong, we are dedicated to reimagining the customer onboarding experience through continuous digital innovation. By engaging Know Your Customer, we leverage advanced technology to streamline CDD workflows, delivering faster service to our customers. This collaboration also represents a major advancement in automating SME onboarding processes that have historically been complicated and manual, solidifying SME banking position of DBS in the market of Hong Kong. “
Claus Christensen, CEO and Co-Founder of Know Your Customer, added,
“Our service provided to DBS Hong Kong exemplifies how financial technology can simplify complex onboarding challenges. With our global data coverage and AI-powered automation, we empower DBS Hong Kong to accelerate KYC processes and provide business customers with an unrivalled onboarding journey. Together, we are shaping the future of digital banking.”
In recognition of its visionary digital strategy, DBS Hong Kong was named Asia’s Best Digital Bank in 2025 by Euromoney. The bank also continues to lead digital innovation, evidenced by over 70% of Hong Kong SMEs already integrating or exploring AI and digital technologies as part of their operations, according to its recent SME survey.
This transformative collaboration underscores DBS Hong Kong’s unwavering commitment to innovation and delivering safe and trusted digital onboarding solutions in Asia’s rapidly evolving financial landscape.
Hashtag: #KnowYourCustomer
The issuer is solely responsible for the content of this announcement.
About DBS Bank (Hong Kong) Limited
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025. In 2026, DBS won the “Triple A award – Best Digital Customer Onboarding Experience – Hong Kong”
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
About Know Your Customer Limited
Know Your Customer Limited is an award-winning RegTech company specialised in next-generation business verification solutions for financial institutions and regulated organisations worldwide. For teams struggling with inefficient client due diligence and onboarding processes, Know Your Customer offers an intuitive digital compliance workspace that combines unmatched real-time registry data, covering over 140 countries, seamless integrations, and AI-powered smart automation. This streamlined approach transforms the compliance function at its core, allowing customers to customise their solutions by selecting only the functionalities they need, all accessible via a robust REST API.
Founded in Hong Kong in 2015, with a local presence in Singapore, Dublin, London, and Shanghai, Know Your Customer has built a global customer base across 11 verticals and 18 jurisdictions. The company also maintains a wide network of technology and data partners, ensuring high-quality entity data and enhanced compliance processes for its customers.
Matein Khalid Five days of continuous Israeli and US bombing of Iran, the killing of Ayatollah Khamenei and at least five dozen other senior military and political leaders of the Islamic Republic, the de facto closure of tanker traffic in the Strait of Hormuz, the shutdown of Saudi Arabia’s Ras Tanura refinery and the world’s biggest LNG complex in Qatar, as well as retaliatory drone and missile attacks by Iran on airports, seaports, […]
The Iran war is reinforcing a market conviction already building around US monetary policy: interest rates are likely to stay higher for longer. The escalation in the Middle East is compounding expectations that the Federal Reserve will hold rates steady for several more months, pushing the first meaningful rate cut further into the year. Markets are pricing a very high probability – about 97% – that policymakers […]
Kraken has gained access to the Federal Reserve’s core payments infrastructure, marking a milestone for the digital asset sector as a cryptocurrency exchange moves closer to the centre of the United States financial system. The development places the San Francisco-based platform among institutions able to connect directly with the Federal Reserve’s payment rails, a step long sought by digital asset firms seeking to bridge traditional banking […]
China’s currency regained ground against the US dollar after the central bank delivered a stronger-than-expected official guidance rate, halting a short period of losses and signalling policymakers’ intent to stabilise foreign-exchange markets amid global volatility.
The yuan rebounded in both onshore and offshore trading after the People’s Bank of China lifted its daily midpoint setting by the largest margin in more than six months. The central bank fixed the yuan at 6.9088 per dollar, roughly 148 pips firmer than the previous guidance level, a move interpreted by traders as a deliberate effort to anchor expectations following two sessions of depreciation.
China operates a managed floating exchange rate system in which the yuan is permitted to trade within a band of two per cent above or below the daily midpoint set by the central bank. The fixing therefore serves as a powerful signal to markets about the authorities’ preferred direction for the currency.
Following the adjustment, the onshore yuan strengthened to around 6.88 per dollar during Asian trading hours, while its offshore counterpart posted similar gains. Currency dealers said the stronger guidance helped calm investors after geopolitical tensions and shifts in global risk sentiment had unsettled foreign-exchange markets earlier in the week.
Prior to the short-lived decline, the yuan had been on a sustained upward trajectory for several months, supported by a weaker US dollar, resilient export performance and continued capital inflows into China’s financial markets. The currency reached its strongest level since April 2023 during that rally, prompting concerns among policymakers that rapid appreciation could erode exporters’ competitiveness.
Authorities have responded with a series of calibrated measures aimed at smoothing the pace of currency gains rather than reversing them entirely. Among the most notable steps was the decision to remove a 20 per cent risk-reserve requirement on certain foreign-exchange forward contracts, effectively lowering the cost of betting against the yuan and encouraging market participants to buy dollars.
Analysts say such adjustments illustrate the central bank’s balancing act between maintaining exchange-rate stability and allowing market forces to play a greater role. Officials have repeatedly emphasised the importance of preventing excessive volatility while ensuring the currency reflects underlying economic fundamentals.
Currency strategists note that Beijing has a wide toolkit for influencing the yuan’s trajectory. These tools include modifying the daily reference rate, adjusting foreign-exchange reserve requirements for banks, and guiding state-owned financial institutions to participate in the market when volatility intensifies.
Despite the latest intervention through the midpoint setting, the fixing remained weaker than many market forecasts, highlighting the cautious stance adopted by policymakers. The approach suggests authorities are comfortable with moderate appreciation but wary of rapid movements that could unsettle financial markets or complicate domestic economic management.
China’s export-oriented companies have been particularly sensitive to exchange-rate fluctuations. A stronger yuan reduces the value of overseas earnings when converted into the local currency, potentially squeezing margins for manufacturers and technology firms whose revenues are denominated largely in dollars.
Market participants say the central bank’s latest move aims to reinforce stability while avoiding a signal that authorities intend to drive the currency significantly higher. Such signalling is important in an environment where global investors remain alert to geopolitical developments and shifts in US monetary policy.
The broader international context has also played a role in shaping currency movements. Escalating tensions in the Middle East have fuelled demand for traditional safe-haven assets, including the US dollar, prompting fluctuations across major currency pairs. For China, which relies heavily on imported energy, volatility in global markets can quickly translate into financial-market turbulence.
Attention among investors is now turning to the annual meetings of China’s national legislature and political advisory body, where policymakers are expected to outline economic priorities for the year ahead. The gatherings typically provide guidance on growth targets, fiscal policy and structural reforms that influence expectations for the yuan and other financial assets.
Economists are closely watching signals on monetary policy as well. Some analysts anticipate modest policy easing in the months ahead, including a potential reduction in benchmark lending rates and a cut to banks’ reserve requirement ratios aimed at supporting domestic demand.
Arabian Post Staff -Dubai Nasdaq Dubai reopened for trading at 10.00am Gulf Standard Time on Wednesday after a temporary suspension ordered by regulators, restoring activity on one of the region’s key international financial exchanges and signalling efforts by authorities to stabilise markets during a period of heightened geopolitical tension. The reopening was confirmed by the Dubai Financial Services Authority, the independent regulator overseeing financial services in the […]
DataBank has appointed Rob Johnson, the former chief executive of Vertiv, and Daniel Sturman, previously chief technology officer at Roblox, to its board of directors, sharpening the edge data centre operator’s leadership bench as artificial intelligence workloads reshape infrastructure demand. The Dallas-based company confirmed the additions as it expands capacity across the United States to support enterprises deploying AI, cloud computing and latency-sensitive applications. The appointments bring […]
Tether has appointed Deloitte to provide an independent attestation of reserves backing its new USAT stablecoin, marking a notable step in the issuer’s long-running effort to bolster transparency around its dollar-linked tokens. The engagement, confirmed by the company, will result in a third-party report verifying assets held against USAT at a specified date. Unlike a full financial audit, the attestation offers a point-in-time snapshot of reserves and […]
By K Raveendran Escalating hostilities between the United States, Israel and Iran are rapidly transforming a regional confrontation into a global economic and geopolitical crisis, raising the spectre of what many analysts are beginning to describe as a Third Gulf War. Tehran’s early warning that Washington might possess the ability to ignite the conflict but […]
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