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Arabian Post Staff -Dubai The UAE has backed closer financial coordination among BRICS members and supported the New Development Bank’s next five-year strategy during high-level meetings in Mumbai, reinforcing its expanding role in multilateral development finance. The Ministry of Finance said the country took part on Thursday in the second meeting of BRICS finance ministers and central bank governors and a special meeting of the New Development […]

Algeria has ended diplomatic relations with the United Arab Emirates after saying all efforts to preserve bilateral ties had been exhausted, marking a sharp escalation in a dispute that had already damaged political and transport links between the two Arab states. The decision was announced on Thursday by Algerian state television, which cited the authorities as saying Algeria had exhausted every avenue available to maintain relations with […]

Abu Dhabi-based BlueFive Capital has completed the acquisition of a 30% equity stake in Bugatti Rimac from Porsche, becoming the second-largest shareholder in the producer of Bugatti supercars. The transaction closed on September 9 after regulatory approvals were secured, BlueFive said. Rimac Group retains its 55% controlling stake in Bugatti Rimac, while BlueFive now holds the largest position after the Croatian automotive group. BlueFive will gain a […]

Mubadala Investment Company has agreed to acquire a significant minority interest in Luckin Coffee alongside controlling shareholder Centurium Capital in a transaction valued at about $1 billion, extending the Abu Dhabi sovereign investor’s exposure to China’s consumer sector. The transaction is structured through Success Cup Limited and is expected to give a Mubadala affiliate the right to nominate a director to Luckin Coffee’s board while it maintains […]

Arabian Post Staff -Dubai DP World has priced a dual-tranche international bond offering comprising €750 million of six-year green notes and $750 million of 10-year conventional notes, extending the Dubai-based ports and logistics group’s access to both sustainable and conventional debt markets. The transaction follows a global investor roadshow arranged under DP World’s $10 billion Global Medium Term Note Programme. The euro-denominated tranche is structured as green […]

Arabian Post Staff -Dubai The United Arab Emirates has strongly condemned Iran’s missile attack on Jordan, declaring it a flagrant violation of the kingdom’s sovereignty and a threat to its security and stability. The UAE Ministry of Foreign Affairs said on Wednesday that Abu Dhabi stood in full solidarity with the Hashemite Kingdom of Jordan and supported all measures taken to safeguard its security and stability. The […]

Arabian Post Staff -Dubai Mashreqbank has raised $500 million through a five-year US dollar-denominated senior unsecured bond, with the pricing spread tightened to 115 basis points over US Treasuries as investor demand supported the transaction. The Dubai-based lender completed the Regulation S offering under its $5 billion Euro Medium Term Note programme after mandating a group of international and regional banks for investor calls earlier this week. […]

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Arabian Post Staff -Dubai Abu Dhabi’s International Hunting and Equestrian Exhibition ended its 23rd edition with more than 481,576 visitors over 10 days, a 27 per cent increase from 2025, setting new records for attendance, participation and exhibition scale. The event, held from August 28 to September 6 at ADNEC Centre Abu Dhabi, brought together 2,405 exhibitors and brands from 71 countries across 15 sectors. Six countries […]

Arabian Post Staff -Dubai Abu Dhabi has introduced the Gulf region’s first Digital Skills Card, giving employers and regulators a blockchain-backed way to verify professional qualifications and skills through a QR code. The Abu Dhabi Quality and Conformity Council, or QCC, launched the credential with Union Assessment and Quality Accreditation, known as UAC, on Monday. Each card is tied to a certification awarded through personnel conformity programmes […]

Construction of Abu Dhabi’s Dh6.4 billion Sphere has moved into active delivery, with piling, ground works and soil improvement under way on Yas Island. ALEC Holdings chief executive Barry Lewis said the project had advanced substantially since the contractor secured the award from the Department of Culture and Tourism – Abu Dhabi in May. AtkinsRéalis has been brought in as lead designer, permit applications have been submitted […]

Arabian Post Staff -Dubai The United Arab Emirates is accelerating alternative routes for energy exports and trade to reduce its exposure to disruption from the war with Iran, presidential adviser Anwar Gargash said on Monday. “Our energy exports will not be held hostage, nor will our trade and economic activity,” Gargash told the Hili Forum in Abu Dhabi, saying the government was expanding port capacity on the […]

Arabian Post Staff -Dubai Burjeel Specialty Hospital has introduced Sharjah’s first positron emission tomography/computed tomography service, giving cancer patients in the emirate access to advanced molecular imaging for diagnosis, staging, treatment planning and follow-up. The PET/CT service operates within the hospital’s Nuclear Medicine Department and is integrated with Burjeel Cancer Institute, linking imaging findings with multidisciplinary oncology teams. The hospital said the arrangement is intended to allow […]

A Gyr Pure Ultra White falcon sold for AED2.1 million at the final auction of ADIHEX 2026 in Abu Dhabi, setting what organisers said was the highest price ever paid for a falcon at auction. The United States-origin bird drew competitive bidding at the Abu Dhabi International Hunting and Equestrian Exhibition, where its rare white plumage, pure lineage and appearance made it one of the most sought-after […]

Airlines serving the UAE are continuing to adjust schedules, reroute aircraft and warn passengers of delays and cancellations as the latest escalation between the United States and Iran disrupts regional air travel. Dubai International Airport and Abu Dhabi’s Zayed International Airport remain operational, with most UAE-based carriers continuing to fly the bulk of their networks. However, delays have affected a number of arriving and departing services, while […]

Arabian Post Staff -Dubai ROX has begun local vehicle production at its newly completed Advanced AI Manufacturing Centre in Abu Dhabi, with the first three ADAMAS models carrying the “Made in the Emirates” mark rolling off the line. The company said the start of production marks a new phase in its localisation strategy, extending its Abu Dhabi presence from regional operations into manufacturing, supply chains, technology and […]

Greenlogue/AP Mubadala Energy reduced Scope 1 and Scope 2 greenhouse gas emissions from its operated assets by 30.9 per cent in 2025, while cutting emissions and flaring intensity across its portfolio. The Abu Dhabi-headquartered company said in its 2025 Sustainability Report, published on Wednesday, that average emissions intensity fell by 12.4 per cent and flared gas intensity declined by 33.9 per cent across its operated portfolio. Mubadala […]

Arabian Post Staff -Dubai The UAE will continue advancing major projects, economic initiatives and government reforms without waiting for “perfect conditions”, Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday. Chairing the first Cabinet meeting of the new government season at Qasr Al Watan in Abu Dhabi, Sheikh Mohammed said federal teams must sustain delivery while reinforcing the systems, infrastructure and international […]

Matein Khalid It is ironic that Opec, born as the brainchild of a nationalist Venezuelan oil minister in 1960, could die in 2027 as a result of events in that country. US President Donald Trump’s seizure of leader Nicolás Maduro in a military raid on Caracas and ambition to control 65 billion barrels of a vassal state’s proven oil reserves are triggering a seismic geopolitical realignment with […]

Arabian Post Staff -Dubai Alpha Dhabi Holding has doubled its capital commitment to the Mubadala Capital-managed MICAD Credit joint venture to $1 billion and raised its ownership stake to 40 per cent from 20 per cent, expanding its exposure to global private credit. The Abu Dhabi Securities Exchange-listed investment group said the revised partnership agreement also broadens MICAD Credit JV’s mandate beyond its existing US and European […]

Matein Khalid Chinese fast-fashion giant Shein is set to list in Hong Kong on September 1 at a valuation of up to $27 billion. That is less than half the $64 billion valuation at which Abu Dhabi sovereign wealth fund Mubadala invested in 2023. It is a brutal comedown for a retailer once expected to be worth $100 billion. My knowledge of sartorial retailing is admittedly less than encyclopaedic. Yet I […]

Abu Dhabi’s Warner Bros. World is moving ahead with its long-planned Harry Potter-themed land on Yas Island, with construction under way and new project details pointing to Hogwarts Castle, Diagon Alley and at least three rides and attractions. The development, announced by Miral and Warner Bros. Discovery in 2022 as the Middle East’s first Harry Potter-themed land, is being built as part of a substantial expansion of […]

Moscow is hosting more than 1,200 competitors this weekend as the Abu Dhabi Jiu-Jitsu Grand Slam brings one of its biggest international fields to the Russian capital for the 2026-2027 season. The two-day competition, running on August 29 and 30 at the Dynamo Sports Academy, has attracted 1,220 male and female athletes from 32 countries. The field includes 85 black belts, giving the Moscow stop a strong […]

Arabian Post Staff -Dubai Emirati women held shares worth about Dh39 billion on the Abu Dhabi Securities Exchange at the end of July, accounting for 94 per cent of the value of all shares owned by women on the market and underscoring their growing weight in the UAE’s capital markets. Close to 125,000 active Emirati women investors participate on ADX, placing them at the centre of an […]

Arabian Post Staff -Dubai Abu Dhabi is strengthening international partnerships on water and energy resilience as it seeks to translate its integrated resource-management model into practical cooperation with governments, regulators, researchers and technology companies worldwide. The Abu Dhabi Department of Energy used World Water Week 2026 in Stockholm to present the emirate’s approach to protecting water supplies, improving energy efficiency and building infrastructure capable of maintaining essential […]

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