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Dubai Islamic Bank has raised $1 billion through a perpetual non-call six-year Additional Tier 1 sukuk, reinforcing investor appetite for Gulf bank capital instruments despite a higher-for-longer global rates environment and periodic volatility across emerging-market debt. The benchmark Regulation S transaction was priced with a 6.250 per cent profit rate after initial price thoughts were circulated in the 6.625 per cent area. The orderbook rose above $1.85 […]

Arabian Post Staff -Dubai Washington carried out overnight strikes on Iranian military sites near the Strait of Hormuz after President Donald Trump said Tehran had shot down a US Army Apache helicopter patrolling the strategic waterway. US Central Command said the operation was launched on Trump’s orders and described the action as self-defence. The strikes targeted air defence systems, ground control stations and surveillance radar sites positioned […]

Arabian Post Staff -Dubai Oman is moving to convert fiscal repair and regulatory reform into a stronger claim on international capital, positioning the International Financial Centre of Oman as the centrepiece of a drive to attract financial institutions, fund managers and professional services firms. The push comes as Muscat benefits from a restored investment-grade profile after several years of debt reduction, spending restraint and higher policy credibility […]

Matein Khalid Only after I tried to read the 277-page SpaceX IPO filing did I grasp the truth of Winston Churchill’s observation that his sceptred isle and America were two countries separated by a common language. For my Brit friends and editors, SpaceX is a rocket launch, satellite and AI business. In the legal gobbledygook of SEC/Wall Street, American lingo, SpaceX is history’s first “orbital infrastructure conglomerate”. […]

Arabian Post Staff -Dubai Saudi Arabia’s Arabian Dyar has put its planned Tadawul initial public offering on hold, becoming the latest issuer to step back from the Kingdom’s listings pipeline as volatile trading conditions and weaker investor appetite complicate efforts to bring larger private companies to market. The real estate and construction company, formally known as Aldyar Alarabiya Real Estate Development Company, had faced a June deadline […]

Arabian Post Staff -Dubai Emirates Global Aluminium has built new STEM laboratories in schools and universities across the UAE, expanding an education-industry programme aimed at preparing students for technical careers in manufacturing, engineering and advanced industrial sectors. The facilities have been developed with Al Samha School, Al Rahba School, Al Falahiya School, Dubai National School, Zayed University and the Higher Colleges of Technology. More than 2,600 students […]

Arabian Post Staff -Dubai UAE nationals building new private homes can claim VAT refunds on a wider range of construction-related expenses under a Federal Tax Authority initiative that broadens relief for citizens at a time of elevated residential building costs. The initiative, now active, applies to eligible refund claims submitted on or after 1 January 2026 and is expected to lift the value of approved homebuilding VAT […]

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Dubai has launched a new phase of its Content Creators Programme to train emerging talent in cultural storytelling, digital production and responsible online communication, placing the initiative at the centre of the emirate’s push to expand its creative economy. The programme, led by Dubai Press Club in partnership with Dubai Culture and Arts Authority, focuses on helping creators produce cultural and creative content that reflects Dubai’s identity, […]

Arabian Post Staff -Dubai Wizz Air will introduce Starlink-powered internet across its fleet from 2027, making one of Europe’s most cost-focused airlines the first ultra-low-cost carrier on the continent to commit to satellite connectivity at scale and raising fresh questions over how far budget aviation can stretch beyond its bare-fare model. The Hungary-based airline plans to install the SpaceX service on its next-generation aircraft, offering passengers high-speed, […]

Arabian Post Staff -Dubai Riyadh Air has opened ticket sales for daily flights between Dubai and Riyadh from 18 June, adding a new premium operator to one of the Gulf’s busiest business and leisure corridors as Saudi Arabia accelerates plans to turn its capital into a global aviation hub. Flights will operate between Dubai International Airport and King Khalid International Airport using Boeing 787-9 Dreamliners, placing wide-body […]

Arabian Post Staff -Dubai Orange Jordan and Deutsche Gesellschaft für Internationale Zusammenarbeit have convened private-sector roundtables under the PASS programme, widening efforts to connect startups with established companies as Jordan pushes entrepreneurship-led job creation and digital growth. Three sessions were held in Amman, Irbid and Aqaba under the title Private Sector Roundtable – PASS Project, bringing together startups, corporate representatives and ecosystem partners to examine how young […]

Arabian Post Staff -Dubai Dubai World Trade Centre generated a record AED25.03 billion in economic output in 2025, underscoring the growing weight of large-scale business events in Dubai’s wider growth strategy and its push to deepen links with global trade, investment and innovation networks. The 2025 performance, equal to about $6.82 billion, marked a 12 per cent year-on-year rise and was driven by 108 large-scale exhibitions, international […]

Software developers across close to 100 organisations have been targeted by a likely North Korea-linked hacking operation that used fake recruitment and code-review tasks to steal cryptocurrency, browser credentials and wallet data. The campaign, tracked by security researchers as UNK_DeadDrop, unfolded over April and May and reached targets in technology, finance, cryptocurrency, education, business services and other sectors. More than 250 phishing emails were sent during a […]

Digital gold has arrived in the Gulf. It still answers to the gram. 1. Two buyers, one price Walk through the Dubai Gold Souq on a busy evening and you will see two buyers who think they are doing completely different things. One is turning a 22-karat bangle over in his hand, watching the shopkeeper punch the day’s rate into a calculator. The other is standing a […]

Arabian Post Staff -Dubai Qatar Airways has raised its Dubai schedule from two to five daily flights, restoring greater capacity on one of the Gulf’s busiest short-haul business and leisure corridors as regional carriers rebuild networks for the summer travel season. The expansion covers services between Hamad International Airport in Doha and Dubai International Airport, with the increase being introduced in stages from 5 June. The airline […]

Dubai’s premium fitness market has gained a new large-format health club with the opening of FITCODE Q-East in Al Quoz, bringing a performance-led training, recovery and wellness model to one of the city’s emerging lifestyle districts. The flagship mixed health club spans nearly 24,000 sq ft at Q-East, a luxury destination positioned around creative, retail, food, entertainment and wellness concepts. The opening marks FITCODE’s third Dubai location […]

UAE residents are entering the FIFA World Cup 2026 cycle with access to the country’s first licensed online sports wagering and internet gaming platform, marking a significant shift in a market that has long treated gambling as tightly restricted activity. Play971, operated by Abu Dhabi-based Coin Technology Projects LLC, is listed by the General Commercial Gaming Regulatory Authority under both internet gaming and sports wagering categories. The […]

Arabian Post Staff -Dubai Bahrain-based Investcorp has launched an Artificial Intelligence Investment Framework to guide its investment decisions across private equity, real assets and credit, positioning the technology as a central factor in deal screening, portfolio construction and value creation across its global alternatives platform. The framework, set out in a new report, formalises how the Manama-headquartered firm will assess AI-led opportunities and risks at a time […]

Arabian Post Staff -Dubai PIF and Talaat Moustafa Group Saudi for Real Estate Development have signed a memorandum of understanding to explore mixed-use real estate projects across Saudi Arabia, advancing the sovereign fund’s push to build liveable urban districts as part of its 2026-2030 strategy. The non-binding agreement covers potential co-operation at PIF-owned developments and projects across the kingdom, including residential, commercial, hospitality, retail and integrated urban […]

Arabian Post Staff -Dubai Saudi Arabia has set out fresh conditions for non-resident foreign companies seeking to own real estate in the kingdom without carrying out business operations, adding a more formal registration route for overseas entities under the Investor Guide 2026. The update by the Ministry of Investment creates a defined process for companies that want to hold property as an asset, rather than enter the […]

Arabian Post Staff -Dubai Etihad Airways is ordering more widebody aircraft as the Abu Dhabi carrier moves to restore momentum across long-haul markets and lift flying by about 8 per cent from year-earlier levels by 15 June. Chief executive Antonoaldo Neves said the airline was buying widebody planes in double digits, though he declined to identify the manufacturer, aircraft type or exact number. The remarks, made on […]

Dubai’s Roads and Transport Authority has completed 90 per cent of the new Dubai Harbour access bridge, moving the 1.5-kilometre link closer to a phased opening that is expected to cut travel time between Sheikh Zayed Road and the waterfront district from 12 minutes to three. The bridge, being developed with Shamal Holding, will provide direct entry and exit between Sheikh Zayed Road and Dubai Harbour, one […]

Arabian Post Staff -Dubai Saudi Arabia has opened talks with Russia’s Sistema investment group in St Petersburg as Riyadh seeks to deepen industrial partnerships, localise advanced technologies and strengthen supply chains under its wider economic diversification programme. Minister of Industry and Mineral Resources Bandar Alkhorayef met senior Sistema executives during a visit to the Russian city, with discussions centred on cooperation in high-priority industrial sectors and the […]

Dubai’s GameExpo has shifted attention from global gaming brands to the local talent building games, art and digital content, giving developers, designers, artists and small businesses a larger platform at Dubai World Trade Centre. The three-day event, running from June 5 to 7 as part of the Dubai Esports and Games Festival, has become a showcase for the UAE’s expanding gaming economy, combining esports tournaments, cosplay contests, […]

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