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Binance has drawn down roughly half the bitcoin held in its emergency customer protection fund, leaving assets worth about $580 million following a $6.3 billion cryptocurrency theft. Blockchain records show that the exchange’s publicly identified Secure Asset Fund for Users, known as SAFU, held slightly more than 7,500 bitcoin on Tuesday, compared with 15,000 in February. Four transactions on 31 October sharply reduced the balance, with Binance […]

The UAE plans to invest between Dh150 billion and Dh200 billion in its energy sector by 2030, Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei said at ADIPEC 2026 on Monday, linking the spending to national security and rising electricity demand. Speaking during a ministerial panel in Abu Dhabi, Al Mazrouei said geopolitical uncertainty, expanding industrial activity and the power requirements of artificial intelligence and data […]

Apollo Global Management is expanding its investment relationship with Abu Dhabi through an agreement to acquire a minority holding in Mubadala Capital, alongside commitments to the firm’s investment strategies. The transaction, announced on 26 October, will bring the US alternative asset manager into Mubadala Capital’s shareholder base as the Abu Dhabi investment business seeks additional international investors. Apollo and other incoming strategic shareholders are expected to commit […]

Arabian Post Staff -Dubai Abu Dhabi National Oil Company (ADNOC) has approved the Ruwais Diyab unconventional gas development, committing to a project designed to produce 345 million standard cubic feet of raw gas daily from 2029. The final investment decision, announced on Monday at the ADIPEC energy conference in Abu Dhabi, clears the way for the company’s first large-scale unconventional gas development. ADNOC expects production to continue […]

Arabian Post Staff -Dubai OpenAI chief executive Sam Altman has described the UAE as the world’s most forward-looking country for artificial intelligence adoption, as his company agreed to deploy advanced AI technology across ADNOC’s energy operations. Speaking at ADIPEC 2026 in Abu Dhabi on Monday, Altman praised the country’s commitment to integrating AI into government and business. His remarks accompanied a multiyear agreement between OpenAI, Abu Dhabi […]

Arabian Post Staff -Dubai Abu Dhabi’s ADNOC has agreed with OpenAI and technology group G42 to deploy advanced artificial intelligence across its energy business, becoming the first company in the sector to adopt OpenAI’s Frontier platform. The multi-year partnership was announced on Monday at the ADIPEC energy conference as OpenAI chief executive Sam Altman visited Abu Dhabi and met Crown Prince Sheikh Khaled bin Mohamed bin Zayed […]

Iranian missile and drone strikes against American military installations across the Middle East initially concentrated on early-warning radars and air-defence systems before expanding to aircraft, warehouses and troop accommodation, exposing extensive damage to Washington’s regional military infrastructure. Satellite imagery and assessments of battlefield damage establish that more than 115 strikes claimed by Iran or Iranian-backed militias damaged or destroyed structures at 26 military bases and other facilities […]

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Arabian Post Staff -Dubai BYD has designated the Gulf Cooperation Council its leading international expansion priority, announcing plans for additional investment, a regional spare-parts hub and broader technology operations beyond vehicle sales. Executive vice-president Stella Li said the Chinese automotive group intends to strengthen its dealership network and after-sales services while exploring opportunities in battery storage, autonomous driving and robotics across Gulf markets. “The GCC is my […]

Arabian Post Staff -Dubai Abu Dhabi Judicial Department (ADJD) has secured four awards at the 23rd International Business Awards 2026, including one gold and three silver distinctions, recognising its performance in judicial administration, institutional governance and public service innovation. The department received the Gold Stevie Award in the Large Legal Organisations category, alongside Silver Stevie Awards for Innovation in Public Administration and Governance, Operational Excellence, and Large […]

Arabian Post Staff -Dubai The United Arab Emirates and Canada have signed a Comprehensive Economic Partnership Agreement to lower trade barriers and encourage bilateral investment. The agreement was signed in Ottawa on 27 October by UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi and Canada’s Minister of International Trade Maninder Sidhu. Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and […]

Arabian Post Staff -Dubai Abu Dhabi Global Market (ADGM) has issued dedicated guidance governing cryptocurrency mining operations, becoming the first international financial centre in the region to establish comprehensive commercial licensing and governance expectations for the sector. The guidance, published by ADGM’s Registration Authority, establishes crypto mining as a licensable commercial activity rather than a regulated financial service. It applies to businesses conducting mining operations within or […]

Abu Dhabi Global Market (ADGM) has issued dedicated guidance requiring commercial cryptocurrency mining businesses operating within or from its jurisdiction to follow a defined licensing and governance framework overseen by its Registration Authority. The international financial centre said the guidance, published on Wednesday, was the first comprehensive document of its kind issued by a regional international financial centre. It identifies crypto mining as a licensable commercial activity […]

Arabian Post Staff -Dubai Abu Dhabi Islamic Bank reported a 6 per cent rise in nine-month profit before tax to Dh6.4 billion, supported by expanding customer financing, higher income and improving credit quality. Net profit after tax reached Dh5.6 billion in the nine months ended 30 September 2026, also increasing 6 per cent from a year earlier. Revenue rose 6 per cent to Dh9.7 billion, while the […]

Arabian Post Staff -Dubai Abu Dhabi renewable energy company Masdar has raised $600 million through its first blue bond, an AA-rated transaction described as the highest-rated publicly issued corporate blue bond worldwide. The five-year securities, rated AA- by S&P Global Ratings and Fitch Ratings, were issued under Masdar’s $6 billion global medium-term note programme. Proceeds will finance or refinance eligible marine renewable energy projects under the company’s […]

Arabian Post Staff -Dubai Apollo Global Management has agreed to acquire a minority stake in Abu Dhabi-based Mubadala Capital, with the US investment group and other strategic investors expected to commit a combined $5 billion to its investment strategies. The agreement, announced on Monday, October 26, brings Apollo into the ownership structure of Mubadala Capital, the alternative asset management subsidiary of sovereign investor Mubadala Investment Company. The […]

Arabian Post Staff -Dubai Abu Dhabi-based M42 research subsidiary IROS and 10XREVIV have announced a clinical study to test whether personalised nutrition can improve health outcomes for patients taking GLP-1 medicines for weight management. The planned research will compare 10XREVIV’s precision nutrition system combined with standard medical care against standard care alone, examining whether additional nutritional support makes a measurable difference during treatment. Insights Research Organisation and […]

Arabian Post Staff -Dubai Alpha Dhabi Holding has agreed to commit $1 billion (Dh3.67 billion) to Alpha Wave III, extending the Abu Dhabi-listed investment group’s exposure to artificial intelligence and high-growth technology businesses worldwide. The agreement, announced on Monday, covers a global investment fund managed by Alpha Wave Global and remains subject to applicable approvals. Alpha Dhabi said the commitment would support diversification of its investment portfolio, […]

Arabian Post Staff -Dubai Singapore and Saudi Arabia have agreed to pursue underground crude oil storage on Jurong Island from the second half of 2027, strengthening supply safeguards amid disruptions caused by the war involving Iran. The two governments announced the proposed arrangement on Monday as Saudi Aramco exchanged a memorandum of understanding with Singapore’s Energy Market Authority and industrial infrastructure agency JTC Corporation during Singapore International […]

Tourists leaving the UAE can now receive value added tax refunds within one business day under an artificial intelligence platform introduced by the Federal Tax Authority, reducing the previous waiting period of approximately nine days. The system, launched on October 20 in partnership with authorised refund operator Planet, is operating at Dubai International Airport, Zayed International Airport in Abu Dhabi and Sharjah International Airport. It enables eligible […]

Arabian Post Staff -Dubai The United Arab Emirates and Greece announced 18 agreements and commercial partnerships worth €12.75 billion ($14.3 billion) on Thursday, alongside plans for another €15 billion of UAE investment in Greece. The announcements came at the UAE-Greece Strategic Forum in Athens, attended by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Greek Prime Minister Kyriakos Mitsotakis. The package covers […]

Abu Dhabi renewable energy company Masdar has priced its $600 million five-year blue bond at 115 basis points above the comparable US Treasury benchmark, narrowing the spread from initial guidance of around 130 basis points. The 15-basis-point tightening establishes the final borrowing margin on the dollar-denominated offering, which is structured as senior unsecured debt and is scheduled to mature on 29 October 2031. The securities carry a […]

Aldar Education has signed a memorandum of understanding with education technology company Toddle to introduce a unified learning management system across its 13 operated schools in Abu Dhabi, consolidating teaching, assessment and reporting while incorporating artificial intelligence into classroom activities. The agreement, announced on Thursday, October 22, will establish a common digital platform for schools delivering British, American and International Baccalaureate curricula. Implementation will proceed in phases, […]

Abu Dhabi emerged as the leading centre of sovereign investment activity in the Middle East during the first nine months of 2026, with state-backed funds accelerating acquisitions, consolidating strategic assets and expanding international investments despite geopolitical uncertainty. New figures from investment research firm Global SWF show that Mubadala Investment Company deployed $26.2 billion between January and September, making it the most active sovereign investor in the Gulf. […]

Arabian Post Staff -Dubai A unit of Abu Dhabi Investment Authority has secured shares in Paras Healthcare’s Rs 14.5 billion initial public offering, placing the emirate’s sovereign wealth capital among the hospital operator’s institutional backers. The Gurugram-based company opened its public subscription on Wednesday, October 21, with bidding scheduled to close on Friday. Its anchor placement, completed on October 19, raised Rs 6.525 billion from domestic and […]

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