Arabian Post Staff -Dubai Nasdaq Dubai marked the listing of a $500 million sukuk from Sharjah Islamic Bank on Thursday, following an offering that attracted $1.3 billion in investor orders, more than twice the amount available. The five-year, senior unsecured Islamic financing instrument, issued through SIB Sukuk Company III Limited, carries a profit rate of 5.850 per cent and matures in September 2031. The securities are listed […]
Arabian Post Staff -Dubai Binance has estimated the impact of a security breach at $6.3 billion, potentially making it the largest cryptocurrency theft on record, while confirming that approximately $3 billion in affected assets has been frozen. The world’s largest cryptocurrency exchange said on Friday that its preliminary investigation pointed to a compromised laptop belonging to a DevOps engineer. The intrusion may have enabled an attacker to […]
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 More than 250 senior maritime executives are expected in Dubai on 12 November for the inaugural Seatrade Maritime UAE Summit, where shipping disruption, supply chain resilience and changes in global trade will dominate discussions. Seatrade Maritime is organising the gathering with DP World as host partner at Madinat Jumeirah. The programme will include the unveiling of the 2026 Leading Maritime Cities report prepared […]
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 […]
Dubai’s residential resale transactions rose 18.5 per cent in the third quarter of 2026 from the preceding three months, while off-plan sales declined for a fourth consecutive quarter, according to property consultancy ValuStrat. The emirate recorded 9,491 transactions involving completed homes between July and September, worth approximately Dh25 billion ($6.8 billion). The quarterly increase was the first since late 2025, although resale volumes remained 23.8 per cent […]
Arabian Post Staff -Dubai Dubai’s financial regulator has imposed a $585,825 (Dh2.15 million) penalty on Moody’s Investors Service Middle East Limited after finding failures in its protection of confidential information, including disclosures to recipients outside the company. The Dubai Financial Services Authority (DFSA) announced the action on Wednesday, saying the credit rating agency had breached rules requiring adequate systems and controls to protect sensitive data and prevent […]
Arabian Post Staff -Dubai Nothing’s CMF Watch 3 Pro smartwatch is being offered for $59 in the United States, a $20 reduction from its $79 selling price, as retailers extend discounts across the device’s four colour options. The offer, equivalent to approximately 25% off the $79 reference price, has appeared on Amazon, with listings also identifying discounted units at Walmart and Nothing’s own store. Availability and delivery […]
Arabian Post Staff -Dubai Emirates has fitted 65 aircraft with Starlink satellite internet and plans installations on another 10 to 12 jets each month, alongside new aircraft deliveries and cabin refurbishment work. Adnan Kazim, the Dubai airline’s deputy president and chief commercial officer, disclosed the installation figures while outlining its fleet plans. The programme is proceeding as Emirates prepares to receive Boeing aircraft from summer 2027 and […]
Arabian Post Staff -Dubai Saudi Arabia has opened a two-month window for eligible Yemeni workers without valid residency status to regularise their employment and transfer to new employers through government digital platforms. The Ministry of Human Resources and Social Development said the programme, launched on 11 October, covers Yemeni nationals whose residence permits have expired and those recorded as absent from work. Applicants must hold valid travel […]
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 Saudi Arabia and Türkiye have signed a memorandum of understanding to expand educational cooperation, covering student exchanges, teacher development, academic research and educational technology, following talks between their education ministers in Ankara. Saudi Minister of Education Yousef bin Abdullah Al-Benyan and Turkish Minister of National Education Yusuf Tekin signed the agreement on October 26 during Al-Benyan’s official two-day visit to Türkiye, which concluded […]
Dubai has approved a development programme exceeding Dh2 billion alongside new population planning and digital government policies, as authorities seek to align economic expansion with infrastructure capacity and residents’ needs. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, chaired Tuesday’s Executive Council meeting at Emirates Towers, where the three initiatives were endorsed. The […]
Dubai’s flexible office market has substantial capacity for expansion, but a shortage of suitable buildings is preventing operators from fully meeting growing demand for furnished workplaces and shorter lease commitments. Flexible offices represent only 2.6 per cent of Dubai’s total office stock, according to Cushman & Wakefield Core’s UAE Trends in Flexible Office 2026 study, published on 22 October. The proportion is considerably lower than in several […]
Arabian Post Staff -Dubai Dubai-based ENOC Group has extended its aviation technical services agreement with Indonesia’s PT Pertamina Patra Niaga for another three years, maintaining cooperation on aircraft refuelling safety, fuel quality and operational standards at Indonesian aviation facilities. The renewed agreement, announced on Tuesday, covers annual inspections, technical guidance, operational assistance and specialised training. It builds on a three-year arrangement established in 2023 and a commercial […]
Arabian Post Staff -Dubai Oil prices climbed on Wednesday, with Brent crude rising above $115 a barrel as uncertainty surrounding Israel’s parliamentary election and indications of possible renewed American military operations against Iran heightened concerns over Middle Eastern energy supplies. West Texas Intermediate traded near $101 a barrel, reversing part of its losses from the previous two sessions, as investors assessed the implications of Israel’s inconclusive election […]
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 Global Islamic finance assets are projected to exceed $10.5 trillion by 2030, driven by expanding banking operations, record sukuk issuance and growing adoption across emerging markets, according to a new industry assessment. The 2026 Islamic Finance Development Report, released by London Stock Exchange Group (LSEG) and the Islamic Corporation for the Development of the Private Sector (ICD), estimates that industry assets reached $6.5 […]
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 Dubai-based DIP Holding Plc attracted sufficient investor orders to cover its initial public offering within minutes of opening on Tuesday, as the company sought to raise up to $543 million despite continuing regional uncertainty surrounding the Iran war. The offering, the United Arab Emirates’ first IPO of 2026, marks a significant test of investor confidence in Dubai’s equity market after geopolitical tensions disrupted […]
Arabian Post Staff -Dubai Bahrain-based alternative investment manager Investcorp is joining Saudi investors in a consortium seeking a stake in a fire safety and equipment company, signalling continued private equity interest in the kingdom despite escalating Houthi attacks on strategic infrastructure. The proposed investment comes as Saudi Arabia faces mounting security pressures following attacks targeting energy facilities, airports and other installations. The transaction would provide an indication […]
Veeam Software is holding its VeeamON Tour Dubai conference on Tuesday, bringing together more than 400 technology executives, cybersecurity specialists and partners to examine the protection of corporate data used by artificial intelligence systems. The event, scheduled at Address Sky View, focuses on data security, recovery and governance as businesses increasingly deploy autonomous AI agents capable of accessing sensitive information and performing tasks across enterprise systems. Organisers […]
Arabian Post Staff -Dubai Apple has introduced an OLED-equipped iPad mini with a larger, brighter display, a faster processor, enhanced connectivity and water resistance, marking a substantial redesign of its smallest and most portable tablet. The device, announced on Monday, features an 8.5-inch Super Retina XDR screen, Apple’s A20 Pro chip and a thinner enclosure. Pre-orders open on October 28, with deliveries and retail availability scheduled for […]
