Dubai’s diamond trade climbed to an all-time high of $41.7 billion in 2025, strengthening the emirate’s position as a central marketplace linking producers, manufacturers, traders and jewellery consumers. The value of diamonds traded through Dubai increased 16.2% from $35.8 billion in 2024, adding about $5.8 billion within a year. It surpassed the previous record of $40.9 billion established in 2011. Physical trade also reached a peak of […]
Arabian Post Staff -Dubai Iranian cruise missiles struck two UAE tankers in the Strait of Hormuz on Tuesday, killing one crew member and injuring eight others as maritime tensions intensified across the Gulf. The Mombasa and Al Bahiyah were hit while travelling through the southern shipping lane within Omani territorial waters, the UAE Ministry of Defence said. Fires broke out on both vessels and caused material damage […]
Arabian Post Staff -Dubai SBI Funds Management raised ₹26.63 billion from anchor investors, including major sovereign wealth funds, before opening one of the country’s largest public offerings of 2026 to wider subscription on Tuesday. The asset manager allocated 46.4 million shares to 129 anchor investors at ₹574 each, the upper end of its ₹545-₹574 price band. Strong institutional demand helped the anchor book attract prominent global investors […]
Arabian Post Staff -Dubai Gemcorp Capital has completed a $20 million Shariah-compliant structured financing in Saudi Arabia, marking the emerging-markets asset manager’s first direct lending transaction in the kingdom. The financing has been extended to SILQ, a Saudi financial technology platform that provides procurement, payment and funding services to small and medium-sized enterprises. The transaction gives Gemcorp an initial foothold in a market where growing companies often […]
Arabian Post Staff -Dubai Sharjah has secured exclusive rights to develop and operate BookXcess bookstores across the Middle East and Africa, extending the emirate’s publishing ambitions into large-scale international book retail. The agreement places Big Bad Wolf Sharjah, a subsidiary of the Sharjah Book Authority, in charge of developing, managing and marketing the Malaysian bookstore chain throughout both regions. The arrangement also gives the Sharjah entity responsibility […]
Arabian Post Staff -Dubai ADI Chain has secured a $50 million strategic investment to accelerate the international deployment of blockchain infrastructure designed for governments, enterprises and regulated digital-asset markets. The funding will support network expansion, institutional integrations and the development of applications that connect public blockchain technology with national payment systems, financial institutions and large corporate users. The company did not disclose detailed commercial terms of the […]
Arabian Post Staff -Dubai The United States and Iran exchanged fresh strikes overnight into Monday, deepening a military confrontation that has sharply reduced commercial traffic through the Strait of Hormuz and unsettled global energy markets. US Central Command said American forces completed another round of attacks intended to weaken Iran’s ability to threaten civilian mariners and commercial vessels using the strategic waterway. Dozens of targets were struck, […]
Arabian Post Staff -Dubai Abu Dhabi recorded a 21 per cent annual increase in new economic licences during the first quarter of 2026, signalling sustained investor demand and stronger business formation across commercial, professional and industrial activities. The number of active licences across the emirate rose 12 per cent between January and March compared with the same period last year. The expansion covered all three regions, with […]
Arabian Post Staff -Dubai The UAE activated its air defence network early on Sunday to intercept ballistic missiles, cruise missiles and drones launched from Iran, as a fresh exchange of attacks widened the Gulf conflict and triggered emergency alerts across several countries. The Ministry of Defence said loud sounds heard in scattered parts of the country were caused by interception operations. Fighter aircraft and ground-based systems were […]
Arabian Post Staff -Dubai The United States launched a third round of strikes on Iran this week after Tehran declared the Strait of Hormuz closed and Iranian forces attacked a Cyprus-flagged container ship attempting to cross the strategic waterway. US Central Command said President Donald Trump ordered the operation after the Islamic Revolutionary Guard Corps attacked the M/V GFS Galaxy, leaving one civilian crew member missing. The […]
Arabian Post Staff -Dubai ADNOC Logistics and Services has ordered four next-generation liquefied natural gas carriers for about $900 million, expanding its shipping capacity as Abu Dhabi seeks a larger role in global gas supply and trading. The vessels, each capable of carrying 175,000 cubic metres of LNG, will be built at Jiangnan Shipyard in Shanghai and delivered in 2029. The contract raises the company’s LNG newbuild […]
Arabian Post Staff -Dubai Abu Dhabi-based technology group e& has agreed to sell its entire 16.21% holding in Vodafone Group to an investment vehicle controlled by French telecommunications entrepreneur Xavier Niel’s family for about AED21.8 billion. The transaction covers 3,944,743,685 Vodafone ordinary shares, representing 17.13% of the company’s voting rights. Vega, the Niel family’s acquisition vehicle, will pay about 110.5 pence in cash for each share. E& […]
Dubai’s Palm Monorail has resumed operations after a six-month maintenance shutdown, restoring the only public transport service running along Palm Jumeirah. The reopening reconnects Palm Gateway with Al Ittihad Park, Palm Jumeirah Mall and Atlantis Aquaventure, giving residents, hotel guests and tourists an alternative to taxis and private vehicles. Passengers can again purchase tickets online or from customer service desks at the stations. The 5.5-kilometre elevated line […]
Arabian Post Staff -Dubai Emrill has opened a central warehouse in Dubai’s Ras Al Khor district, consolidating materials storage and distribution to improve response times across its facilities management contracts in the UAE. The strategically located facility is expected to cut travel time across the company’s Dubai operations by as much as 12 minutes per journey on average. Emrill said the reduction would accelerate deliveries to client […]
Arabian Post Staff -Dubai Ajman Bank has opened a corporate office on Sheikh Zayed Road in Dubai, strengthening its capacity to serve companies, institutions, business owners and wealth-management clients across the UAE’s largest commercial centre. The 7,565-square-foot office has been designed as a specialised hub for corporate, business and wealth banking. It combines private meeting areas with digital screens, advanced audiovisual systems and smart technology intended to […]
Arabian Post Staff -Dubai Modon Holding and Abu Dhabi Islamic Bank have agreed to offer eligible buyers financing of up to 75 per cent for homes under construction, opening a new route into Abu Dhabi’s expanding off-plan property market. The financing programme will be available exclusively for future developments launched by Modon. It is designed to provide funding during construction rather than requiring buyers to wait until […]
Arabian Post Staff -Dubai Oil prices edged lower on Friday but remained on course for strong weekly gains as renewed fighting between the United States and Iran kept the risk of Middle East supply disruption firmly embedded in the market. Brent crude futures slipped 6 cents, or 0.08%, to $76.24 a barrel by 0125 GMT. US West Texas Intermediate crude fell 4 cents, or 0.06%, to $72.04. […]
Arabian Post Staff -Dubai Digital Dubai and the Emirates Group have signed a collaboration agreement to widen the aviation group’s access to Dubai’s government digital services, shared platforms and data. The agreement is designed to improve employee experience, accelerate internal processes and strengthen operational efficiency across a workforce of more than 130,000 people. It also creates a framework for systems integration, secure data exchange and wider use […]
Mercato Shopping Mall has opened a giant indoor slide for children and adults, offering visitors a free attraction throughout the Dubai Summer Surprises campaign until August 30. The slide is operating daily at the Jumeirah shopping centre in three sessions: 10am to 12.45pm, 2pm to 4.45pm and 6pm to 7.45pm. Entry does not require a purchase, widening access for families seeking indoor activities during Dubai’s hottest months. […]
Arabian Post Staff -Dubai Azentio Software has launched a UAE e-invoicing solution inside its enterprise resource planning platform, positioning the product around the Federal Tax Authority mandate that will begin applying to large businesses from January 2027. The Dubai announcement follows Azentio’s designation as a pre-approved Accredited Service Provider by the Ministry of Finance, a status that places the company among technology vendors preparing to connect businesses […]
Arabian Post Staff -Dubai Keyper has raised US$11 million in Series A funding to expand its monthly rent payment platform and digital property infrastructure across the UAE, as tenants and landlords adjust to a housing market under pressure from high demand, rising rents and changing payment expectations. The round was backed by Speedinvest, Mashreq’s NeoVentures, Middle East Venture Partners, Dubai Future District Fund, Property Finder and other […]
Arabian Post Staff -Dubai US forces hit about 90 targets along Iran’s coast on Wednesday, extending military action for a second straight day and deepening doubts over efforts to turn a fragile truce into a permanent peace deal. US Central Command said the operation was designed to weaken Tehran’s ability to attack commercial shipping and civilian mariners in the Strait of Hormuz, the narrow waterway through which […]
Bake My Day has opened its first international store in Riyadh, taking the Dubai-born dessert brand beyond the UAE with a retail format built around its viral cookie dough sharing tins, fresh-baked cookies and gifting-led bakery experience. The Riyadh launch marks a cross-border step for a founder-led business that began as a home kitchen idea in Dubai and grew into a recognisable dessert label through social media […]
Arabian Post Staff -Dubai Almarai’s second-quarter revenue rose 11 per cent year on year to SAR5.87 billion, as stronger demand for dairy, poultry and bakery products helped the Riyadh-listed food group absorb higher shipping, energy and raw material costs. The company’s first-half revenue reached SAR12.03 billion, up 9 per cent from the same period last year, reinforcing its position as one of the Gulf’s most closely watched […]
