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Oil and chip shares retreat after Democratic victories // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // UK air traffic outage inflicted £33m financial losses // Emirates Group records AED 4.1 billion half-year profit // Meraas showcases five residential zones at Dubai Design Week // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Dubai boat show confirms international shipyard line-up for November // Ousted top Kochi cop gets IG post // Dubai details five-year visa benefits for returning visitors // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // APT29-linked campaign exploits outdated Apple and Android software // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Emaar approves Development buyout ahead of planned delisting // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Oil advances towards $100 as tanker attacks persist // Kochi police detain two actors over bid to honey trap doctor // OpenAI introduces GPT-6 Cyber with restricted security access //

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Dhabi

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 […]

Arabian Post Staff -Dubai Formula One’s season-ending Grands Prix in Qatar and Abu Dhabi will proceed as scheduled, with motorsport authorities reaffirming plans for both races despite security concerns arising from conflict across the Middle East. The confirmation keeps Qatar’s event at Lusail International Circuit on November 27–29 and the Abu Dhabi Grand Prix at Yas Marina Circuit on December 4–6. The UAE race will conclude the […]

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Healthcare reviews platform publishes first annual ranking of hospitals across the UAE as AI-driven patient search reshapes how people find care across the Gulf Doctify, the verified healthcare reviews and booking platform used by over ten million people each year, has published its first annual ranking of the top hospitals across the UAE as it marks six years of operations in the region. The rankings analyse hospitals […]

Jio Platforms opens its $3.2 billion initial public offering to public investors on Wednesday, launching India’s biggest share sale and the first flotation from Mukesh Ambani’s Reliance group in two decades. The telecom and digital services company has priced its shares between Rs 1,065 and Rs 1,119, with subscriptions running until Friday. At the upper end, the offering of 270 million new shares would raise approximately Rs […]

Arabian Post Staff -Dubai Abu Dhabi-based Burjeel Holdings has highlighted its mission-ready healthcare operations across national and international projects, reporting more than 1.17 million outpatient and inpatient visits as it showcases an integrated model for delivering medical services. The healthcare group is placing emergency preparedness, frontline medical response, deployable hospital infrastructure and specialised treatment at the centre of its participation in the Abu Dhabi Future Health Summit […]

Arabian Post Staff -Dubai Abu Dhabi National Energy Company (TAQA) has launched a dual-tranche US dollar bond offering, targeting international investors as the utility group seeks financing for eligible green projects and other corporate requirements. The transaction, launched on Monday, October 19, comprises a long five-year tranche and a 10-year tranche of senior unsecured notes. Initial pricing discussions placed the shorter maturity at approximately 130 basis points […]

Arabian Post Staff -Dubai Etihad Airways has extended cancellations on its Abu Dhabi services to Riyadh, Dammam and Jeddah until October 24, citing continuing regional disruption and warning passengers that further timetable changes remain possible. The airline confirmed that every flight between Abu Dhabi’s Zayed International Airport and both Riyadh and Dammam will remain cancelled through Saturday. Its suspension of Jeddah services covers four specified flights rather […]

Air passengers across the UAE could face limited flight delays as seasonal weather changes reduce visibility, prompting the General Civil Aviation Authority (GCAA) to caution airlines and airport operators about possible operational disruptions. The authority issued its advisory on Saturday, October 17, warning that changing atmospheric conditions could restrict horizontal visibility across parts of the country. Such conditions may affect aircraft movements, depending on prevailing weather and […]

Abu Dhabi is expected to prioritise additional borrowing over withdrawals from sovereign wealth assets if the US-Iran war escalates, according to Fitch Ratings, which forecasts substantial budget surpluses and manageable government debt through 2028. The rating agency said the emirate would favour debt financing rather than drawing down investments beyond the established dividend policy of the Abu Dhabi Investment Authority (ADIA), reflecting its ability to access capital […]

Arabian Post Staff -Dubai EFG Hermes UAE has launched market-making and liquidity provision services on the Abu Dhabi Securities Exchange (ADX), extending its brokerage operations to support trading activity and improve liquidity in selected listed securities. The company, regulated by the UAE’s Capital Market Authority, announced the expansion on Friday, saying it would place buying and selling orders under exchange rules and regulatory requirements. The initiative is […]

Arabian Post Staff -Dubai Team Abu Dhabi will field 15 sailors at the 15th Mussanah Race Week in Oman, joining more than 100 competitors from seven countries as racing begins on Sunday. The squad, drawn from the Abu Dhabi Marine Sports Club Academy’s modern sailing programme, will compete in Optimist and ILCA dinghy classes at Barceló Mussanah Resort. The event’s competitive programme runs from 18 to 21 […]

Ras Al Khaimah Ruler Sheikh Saud bin Saqr Al Qasimi held talks with India’s External Affairs Minister Subrahmanyam Jaishankar on Friday, focusing on strengthening economic and trade cooperation between the UAE and India.

The meeting brought together the Supreme Council Member and the visiting minister as both countries seek to expand commercial partnerships, investment opportunities and diplomatic engagement. Discussions also covered bilateral relations and developments affecting the Gulf region.

Jaishankar described the meeting as an opportunity to exchange views on strengthening relations between the two countries and expanding engagement across the region. He acknowledged Sheikh Saud’s perspectives on bilateral cooperation and confirmed that the situation in the Gulf featured in their discussions.

The talks took place during the final day of Jaishankar’s three-day official visit to the UAE, which began on October 14. The visit was intended to review progress under the Comprehensive Strategic Partnership and identify opportunities for further cooperation across economic and diplomatic sectors.

Neither side announced a new investment agreement, trade target or commercial project following Friday’s meeting. The discussions nevertheless provided another channel for engagement between India’s government and the leadership of individual UAE emirates, alongside established federal diplomatic arrangements.

Economic cooperation remains central to relations between the two countries. Their Comprehensive Economic Partnership Agreement, which entered into force in May 2022, provides preferential market access for eligible goods and establishes mechanisms to facilitate trade and investment.

The agreement has supported efforts to diversify commercial exchanges beyond traditional energy transactions, with businesses exploring opportunities in manufacturing, logistics, infrastructure, technology and services. Its implementation also provides a framework for addressing commercial barriers and encouraging greater participation by companies operating in both markets.

Ras Al Khaimah has pursued investment partnerships involving manufacturing, industrial production, construction materials and logistics. Its industrial infrastructure and connections to regional shipping networks provide opportunities for businesses seeking production facilities and access to markets across the Gulf.

The emirate’s commercial engagement with India was also discussed during a July meeting between Sheikh Saud and India’s Ambassador to the UAE, Deepak Mittal, who was accompanied by business representatives.

That meeting examined opportunities for cooperation across several sectors and ways to utilise Ras Al Khaimah’s economic advantages. The discussions reflected continuing engagement between the emirate’s leadership and businesses interested in developing commercial operations within its jurisdiction.

Friday’s meeting followed talks on Wednesday between Jaishankar and UAE Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi.

The two ministers reviewed cooperation under the Comprehensive Strategic Partnership and Comprehensive Economic Partnership, with particular attention to trade, investment and economic development. They also exchanged views on international issues and developments affecting regional stability.

Sheikh Abdullah reaffirmed the UAE’s commitment to strengthening bilateral relations and identifying opportunities that support the development priorities of both countries. Their discussions covered existing cooperation and possibilities for expanding engagement in sectors considered important to their respective economies.

The diplomatic exchanges come as governments and businesses assess the implications of uncertainty across the Gulf for investment, shipping and energy supplies. Regional stability remains an important consideration for commercial activity involving the UAE and India, particularly given their extensive trade and transport connections.

Jaishankar also participated in the Raisina Middle East Dialogue in Abu Dhabi on Thursday, joining discussions about international connectivity, strategic partnerships and the changing economic geography of global trade.

Speaking during a session examining continental corridors, he highlighted growing competition, emerging transport constraints and the importance of building reliable partnerships. His remarks addressed the challenges facing countries seeking secure commercial connections amid shifting geopolitical and economic conditions.

The dialogue, held on October 14 and 15, brought together participants to examine regional and international developments, including connectivity initiatives and cooperation between governments.

India’s relationship with the UAE also encompasses energy supplies, defence cooperation and investment, alongside extensive people-to-people connections. These established links provide an additional foundation for discussions involving the federal government and individual emirates.

The Embassy of India in Abu Dhabi estimated that approximately 4.3 million nationals from India were living in the UAE in 2024, representing roughly 35 per cent of the country’s population.

Ras Al Khaimah’s geographical position near the Strait of Hormuz adds a regional dimension to discussions about trade and connectivity. The emirate borders Oman and maintains industrial and maritime facilities serving businesses involved in manufacturing, construction materials and international commerce.

Arabian Post Staff -Dubai Abu Dhabi-based International Media Investments (IMI) has rejected a British regulatory assessment of its abandoned Telegraph takeover bid, accusing Ofcom of flawed reasoning and disregarding evidence about its editorial independence. The company challenged the media regulator’s methodology on Friday after Culture Secretary Lisa Nandy published previously withheld findings examining the proposed acquisition of Telegraph Media Group by RedBird IMI, a joint venture involving […]

Japan and the United States have agreed on a semiconductor manufacturing project in New York that could attract up to $21 billion in Japanese investment, with GlobalFoundries selected to operate two new factories.

Japan’s foreign ministry confirmed on Thursday that the initial project would cost approximately $10 billion, with construction scheduled to begin before the end of 2026. Expansion of production facilities could eventually raise the total investment to about $21 billion, although the second factory remains conditional.

The agreement forms part of a $550 billion Japanese investment commitment negotiated with President Donald Trump’s administration in 2025, alongside a reduction in American tariffs on Japanese vehicles and other imports to 15 per cent.

GlobalFoundries said the first manufacturing plant at its existing Malta campus would begin production in 2029. An additional investment of approximately $10 billion would finance a second facility, with a decision on that expansion expected before the end of 2028.

Japan will supply the investment capital, while GlobalFoundries will provide manufacturing technology, technical expertise and operational management. The factories will be jointly owned by American and Japanese interests under an arrangement intended to expand semiconductor output without requiring the company to finance construction itself.

The first plant is expected to produce approximately 900,000 silicon wafers measuring 300 millimetres annually when fully operational. A second plant would add comparable capacity, substantially increasing the company’s manufacturing footprint in upstate New York.

GlobalFoundries estimates that the initiative will support approximately 27,000 construction and associated supply-chain jobs, alongside more than 1,000 skilled manufacturing positions in New York’s Capital Region. Those figures are projections rather than employment already created.

The US Commerce Department will separately receive an equity interest of approximately four per cent in GlobalFoundries. Chief executive Tim Breen said the transaction would raise the government’s overall holding to about seven per cent. The company is majority owned by Abu Dhabi’s Mubadala Investment Company.

GlobalFoundries shares advanced after the announcement, reflecting investor interest in an expansion model that could increase manufacturing capacity while limiting construction expenditure.

The ownership arrangements distinguish the investment from conventional private-sector semiconductor expansion. Japanese financing will underpin the factories, while the American government will gain a larger financial interest in the operator and participate in the broader manufacturing initiative.

GlobalFoundries also agreed with the Commerce Department to revise an existing award under the CHIPS and Science Act, reallocating $955 million towards investments in silicon photonics, silicon-germanium technology and advanced packaging at facilities in Malta and Burlington, Vermont.

These technologies are used in communications systems and data centres, where manufacturers are seeking faster connections and more efficient processing of large volumes of information. The separate funding revision does not represent an additional Japanese commitment to the two factories.

Japan’s foreign ministry described the New York project as the first semiconductor investment under the bilateral Strategic Investment Initiative announced in September 2025. It said the initiative was intended to strengthen supplies of mature-node chips used in automobiles, industrial machinery, smartphones and artificial intelligence data centres.

Although attention has focused heavily on advanced processors for artificial intelligence, mature-node semiconductors remain essential components in vehicles, industrial equipment and connected devices. Their availability is important to manufacturers seeking more geographically diversified supply chains.

The first facility will be built at an established semiconductor manufacturing location, allowing the investment to draw on existing industrial infrastructure and a local workforce. However, the announced timetable does not mean projected production capacity will be available immediately when operations begin.

Breen said GlobalFoundries had been chosen because large fabrication projects required manufacturing expertise and operational capabilities alongside financing. US Commerce Secretary Howard Lutnick welcomed the investment as a contribution to domestic manufacturing and employment.

The Japanese government expects the project to create commercial opportunities for its semiconductor equipment and materials suppliers. Tokyo Electron and SCREEN Holdings have expressed interest in supplying manufacturing equipment, while Tokyo Ohka Kogyo has indicated interest in materials and components.

Renesas Electronics, a major Japanese chipmaker supplying automotive and industrial customers, has expressed interest in purchasing output from the proposed facilities. Its participation could provide an important customer relationship as production plans advance.

Japan’s foreign ministry also identified smaller suppliers, including Fujikin and Kusakawa Seiki, as potential participants in the equipment and materials supply chain. Their involvement remains prospective, rather than a confirmed allocation of orders.

Arabian Post Staff -Dubai Abu Dhabi developer Aldar Properties has agreed to acquire nine residential buildings in Sharjah from Arada for AED1.1 billion ($300 million), marking its first property investment in the emirate. The forward purchase agreement, announced on Thursday, covers more than 1,100 homes across three residential blocks at Aljada, Arada’s mixed-use development. Arada is scheduled to deliver the buildings in the fourth quarter of 2029, […]

Binance said on Thursday that its bStocks tokenised securities had exceeded $1 billion in assets under management, four months after their launch, marking a significant expansion of blockchain-based trading in US equities. The cryptocurrency exchange said the milestone was reached on October 15, citing blockchain data compiled by Dune Research. Binance described bStocks as the fastest tokenised equity product to achieve that threshold, although the comparative ranking […]

Artificial intelligence agents are being deployed to challenge investment proposals at an Abu Dhabi sovereign wealth fund, while businesses are extending the technology into procurement processes under human supervision, executives told Sharjah Investment Forum 2026. Maria Sanchez, senior vice-president of AI product delivery at G42’s Inception, disclosed the investment application during a panel on Wednesday, describing a system that examines proposed deals and produces arguments against proceeding […]

Arabian Post Staff -Dubai Dubai Aerospace Enterprise (DAE) is seeking a $2.1 billion loan to finance working capital requirements, with five major banks arranging a seven-year facility denominated in US dollars and UAE dirhams. The proposed financing brings together Bank of China, Emirates NBD, Oversea-Chinese Banking Corporation, Industrial and Commercial Bank of China and China Construction Bank (Asia) Corporation as mandated lead arrangers and bookrunners. The dollar-denominated […]

Arabian Post Staff -Dubai Agility Global has agreed to sell its entire 65.12% holding in Dubai-based energy logistics company Tristar Holdings to Aegis Logistics, with proceeds potentially reaching $581 million. The agreement, approved by Agility’s board on Tuesday, forms part of a wider acquisition under which Aegis plans to purchase approximately 89.8% of Tristar from three shareholders for $809 million. Completion is expected by the end of […]

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Just in:
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