Arabian Post Staff -Dubai Iran and the United States exchanged fresh attacks on military targets across the Gulf, placing fragile ceasefire talks under severe strain and drawing Kuwait and Bahrain deeper into a confrontation already unsettling shipping, energy markets and regional diplomacy. The Islamic Revolutionary Guard Corps said on Sunday that its naval and aerospace units had launched missiles and drones at US-linked facilities, naming Ali Al […]
Arabian Post Staff -Dubai The UAE has moved to deepen technology cooperation with the United States and allied economies through the second Pax Silica Summit in Washington, DC, placing secure artificial intelligence supply chains, advanced infrastructure and trusted cross-border deployment at the centre of its expanding AI diplomacy. The delegation, led by Saeed Al Hajeri, Minister of State, joined officials from dozens of partner economies and senior […]
There is a particular kind of conversation happening in Munich, Vienna, and Zurich right now. A founder runs the numbers on another year of operating at home, looks at the tax line, the energy bill, and the months lost to permits and paperwork, and starts asking a question that would have seemed exotic a decade ago: what would it actually take to run this from Dubai? In […]
Dubai Holding is weighing an investment in Hscale, the Bain Capital-backed data centre builder, as the Dubai investment group looks to expand its European portfolio at a time when artificial intelligence and cloud computing are reshaping demand for digital infrastructure. The group is working with a financial adviser on a possible transaction, while Bain Capital seeks additional capital to accelerate Hscale’s build-out across Europe, the Middle East […]
DUBAI – The Gulf region continues to rank among the world’s most dynamic destinations for tourism and hospitality investment. Against this backdrop, Christopher Aleo, Chief Executive Officer of iSwiss Hedge Fund, has announced a significant new project in the Sultanate of Oman. The New York-headquartered investment fund, active in real estate, infrastructure and international tourism, has confirmed a major investment in Salalah, located in Oman’s Dhofar Governorate. […]
The residency-by-investment landscape looks very different in 2026 than it did just a few years ago.[/caption] Across the world, governments have tightened eligibility requirements, increased investment thresholds and, in some cases, closed popular investment routes altogether. At the same time, investor priorities have evolved. Rather than simply looking for a residence permit, families are increasingly asking a broader question: Which country offers the best long-term opportunities for […]
The consensus emerged during the 12th CEIBS Europe Forum, a flagship dialogue held across Paris (22 June) and Brussels (24 June) bringing together policymakers, industry executives, and academics.
Addressing the forums, former President of the European Council Charles Michel stressed that AI is no longer merely a technological issue, but a matter of “sovereignty, leadership, and power.” He identified semiconductors, data infrastructure, and regulatory policy as the core variables shaping future international relations. While acknowledging intensifying global competition, Michel called for “responsible collaboration,” noting that Europe’s mature approach to corporate governance and data security could confer distinct long-term resilience.
The events highlighted a clear strategic divergence in global AI: the US leads in frontier investment, China excels in large-scale application and open-source models, while Europe dominates in regulatory frameworks. “The more intense the competition becomes, the more important dialogue and cooperation are,” noted CEIBS President Wang Hong, highlighting the need to balance global AI governance.
Other speakers included Chinese Ambassador to the EU Cai Run and Chinese Minister to France Chen Li.
Industry panels featuring executives from Siemens, EDF, and leading robotics firms reinforced this pragmatic approach. Across sectors like energy, healthcare, and advanced manufacturing, experts agreed that AI acts as an enabler rather than a replacement for human expertise. However, they cautioned that AI’s massive energy demands present a critical challenge—and a prime opportunity for joint Sino-European innovation in grid technology and renewables.
Concluding the Brussels summit, CEIBS Co-President (European) Frank Bournois encapsulated the sentiment of both cities: “Competition is natural, but insufficient. The real formula we need is unity and trust.”
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Varenne Capital Partners has opened a Dubai International Financial Centre office, giving the Paris-based investment manager a regulated foothold in the Emirates as global asset managers deepen their presence in the Gulf’s expanding financial hub. The new entity, Varenne Capital Ltd, is a wholly owned UAE subsidiary regulated by the Dubai Financial Services Authority. The move marks the firm’s first regional base after building its business across […]
Bringing together cutting-edge innovation, industrial machinery expertise, and real-world adoption, this tripartite initiative unites HKRITA with Jeanologia as the first official machinery partner and Looptworks as a prospective adopter. The partnership signals a decisive shift from research-driven innovation to practical, scalable deployment with industry support, creating a complete and actionable pathway for circular transformation.
At the centre of this ecosystem is HKRITA’s latest Green Machine 4.0, the newest iteration of its pioneering hydrothermal recycling technology. This advanced version recovers polyester at 98% or higher purity from cotton-polyester textiles without harmful processes. Through this collaboration, Jeanologia contributes by delivering industry-ready machinery engineered to European standards that meets the CE high-pressure requirement, enabling seamless integration and streamlined logistics. Meanwhile, Looptworks, a Certified B-Corp recycling specialist, transforms diverse pre- and post-consumer textiles into high-quality GRS-certified fibres. This cross-industry collaboration supports expandable industrial implementation across diverse settings, enabling the industry to execute circular solutions at scale.
By integrating scientific innovation, engineering excellence, and operational deployment, the Green Machine ecosystem provides a viable pathway for circular transformation. This initiative empowers textile recyclers to process previously unrecyclable materials and unlock new revenue streams, while enabling fashion brands to incorporate recycled fibres into their supply chains in commercial volumes. It also supports manufacturers in adopting more sustainable production models, helping all stakeholders close the loop on textile waste and reduce dependence on virgin resources.
Mr Jake Koh, Chief Executive Officer of HKRITA, said, “The circular economy is no longer a distant goal—it is here. With the Green Machine 4.0 now proven adoption-ready and scalable, this partnership marks a decisive shift from research to commercialisation. True innovation is defined by real-world impact, and today we are making it a reality.”
Mr Enrique Silla, CEO and Founder of Jeanologia, said, “For the last 25 years, we have transformed the denim industry through technology, innovation and collaboration. Today, we are bringing that same experience to one of the industry’s greatest challenges: textile-to-textile recycling. At Jeanologia, we believe recycling must become part of the industry’s pre-competitive space, where companies work together to create solutions that no single organisation can achieve alone. By combining HKRITA’s innovation, Jeanologia’s industrial engineering and textile bleaching expertise, and Looptworks’ operational deployment, we are creating a model that can help make circularity a reality at industrial scale.”
Mr Scott Hamlin, Founder and CEO of Looptworks, said, “Looptworks has had a relationship with HKRITA for over a decade. We are proud to have worked together with the research and management teams at HKRITA to further develop textile circularity innovations at scale. The Green Machine represents a shining example of what is possible for textile recycling. Blended materials have long been a major barrier to circularity, and this technology enables us to effectively realise their value at scale. By reintroducing recovered fibres into the supply chain, we are proving that circular solutions are both environmentally practical and economically viable.”
Aiming to ensure ecologically sound circularity in the industry, HKRITA invites textile recyclers, fashion brands, and manufacturing partners to join the ecosystem and explore opportunities for collaboration, adoption, and expansion.
Hashtag: #HKRITA
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Established in 2006, HKRITA is funded by the Innovation and Technology Commission of the HKSAR Government and is hosted by The Hong Kong Polytechnic University. Celebrating its 20th anniversary in 2026, HKRITA continues to contribute to the competitiveness of the textile and apparel industry by providing one-stop services in applied research, technology transfer and commercialisation. HKRITA also plays a vital and expanding role in driving sustainable improvements in the industry and thus bringing benefits to society as a whole.
Jeanologia is a Spanish technology company with more than 30 years of experience transforming the textile industry through innovation. Today, more than 40% of the world’s jeans are produced using Jeanologia technologies.
The company pioneered technologies such as laser, G2 ozone and water recycling systems, helping brands and manufacturers eliminate harmful processes, reduce water and chemical consumption, and improve productivity.
As part of its Mission Zero vision, Jeanologia is now extending its expertise beyond garment finishing to accelerate textile circularity, developing industrial solutions for water reuse, textile recycling and the transition towards a waste-free industry.
Looptworks is a Certified B-Corp textile-to-textile recycling specialist offering innovative, scalable solutions for brands and organisations world-wide. Based in Gresham, Oregon, Looptworks is the first and only GRS certified, recycling company in the United States equipped with a circular system capable of processing multiple types of materials into a range of finished spinning and nonwoven fibre products. The Looptworks facility is fully operational, and features a unique technology that transforms pre-and post-consumer textiles into high-quality recycled fibres.
Our process starts where others end.
Avalanche has launched the Avalanche Payments Collective, bringing together 28 financial and technology groups including VanEck, Franklin Templeton, Anchorage Digital and Paxos in a push to build blockchain-based infrastructure for global payments, treasury management and settlement. The initiative, unveiled on Thursday, is designed to consolidate a payments ecosystem around Avalanche’s blockchain network, covering stablecoins, custody, foreign exchange, card issuance, business payments, asset management, global payouts and on-chain […]
EU lawmakers have moved the digital euro closer to formal negotiations, giving Brussels a stronger legislative path for a public payment system designed to reduce dependence on Visa, Mastercard, Apple Pay and other privately controlled networks. The European Parliament’s economic affairs committee has approved draft rules for the proposed digital euro, clearing a key stage before a wider parliamentary vote expected in July. The measure is intended […]
Bitcoin Suisse has secured a crypto-asset service provider licence in Liechtenstein, giving the Zug-based digital-asset group a regulated platform for expanding its services across selected European Economic Area markets as the region’s MiCAR regime reshapes competition among crypto firms. The licence, granted by the Liechtenstein Financial Market Authority to Bitcoin Suisse AG, allows the company to operate under the Markets in Crypto-Assets Regulation, the European framework designed […]
As one of the members of the Hong Kong Special Administrative Region (HKSAR) Government’s GoGlobal Task Force, HKPC provides enterprises with “Six Tactics to Go Global” through “The Cradle – Go Global Service Centre” (The Cradle), delivering comprehensive going-global services spanning smart manufacturing, international standards and testing services, as well as technology R&D and evaluation. HKPC actively empowers both Chinese Mainland and Hong Kong enterprises to expand into global markets. Simultaneously, HKPC is actively enabling European and international enterprises to access the Chinese Mainland market through Hong Kong, fully building a seamless, two-way bridge that highlights Hong Kong’s unique strategic advantage as an indispensable “two-way springboard”.
Mr Yonghai DU, Chief Innovation Officer of HKPC, attended the Hong Kong Seminar-cum-Networking Reception, themed “Building Resilient Tech Ecosystems: Powering the Next Wave of International Tech Leadership from Hong Kong,” organised by the HKTDC, engaging in in-depth exchanges with global industry leaders to advance Hong Kong’s position as an international I&T centre connected to the global innovation ecosystem.
Empowering Local I&T Enterprises to Seize Global Business Opportunities, Deepening Two-way Collaboration Between the Chinese Mainland and Europe
Mr Yonghai DU, Chief Innovation Officer of HKPC, said: “As one of the world’s leading technology events, VivaTech serves as an exceptional gateway for Hong Kong’s I&T enterprises to step onto the international stage. HKPC continues to lead the industry in participating in prestigious exhibitions at home and abroad, showcasing Hong Kong’s R&D strengths in full. Hong Kong’s unique advantage in integrating with the world allows it to provide high-quality strategic support that helps Chinese Mainland and Hong Kong enterprises to ‘go global’, while also serving as a key ‘two-way springboard’ that helps outstanding European and international enterprises entre the Chinese Mainland market through Hong Kong. HKPC will continue its unique position as a bridge, driving complementary strengths and fostering mutually beneficial collaboration across regions.”
He added that since its establishment, “The Cradle” has received more than 500 expressions of interest and has provided over 300 projects with go global services, including preliminary assessments, smart manufacturing technologies, testing and certification, as well as on-site visits. Drawing on HKPC’s extensive experience in leading enterprises to go global, HKPC will continue to empower more I&T enterprises successfully expand overseas and tap into global markets.
Top-tier and Diverse I&T Achievements Make Their Debut, Shining on the European Tech Stage
The four participating Hong Kong I&T enterprises showcased a range of cutting-edge technology fields to the European market at the “Hong Kong Tech Pavilion”, including Asgard Group Limited, specialising in smart energy and EV charging solutions; Laputa Eco-Construction Material Company Ltd, which develops sustainable construction technology, specialising in carbon capture and utilisation technologies; Oriental Materials Hong Kong Limited, which focuses on advanced manufacturing and manufacturing of semiconductor equipment; and Harmony SkyTech Limited, which specialises in the low-altitude economy and unmanned systems.
Representatives from all four I&T enterprises agreed that their participation helped them tap into cross-regional business opportunities, making a significant landmark for Hong Kong’s I&T sector, while HKPC’s “The Cradle” provided indispensable professional team support, helping them align precisely with international technical standards and localise their products, serving as a solid backing for their cross-regional expansion and rapid entry onto the international stage.
Hashtag: #HKPC
The issuer is solely responsible for the content of this announcement.
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.
HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.
To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.
HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.
XRP slipped towards the lower end of its three-week trading band as weak turnover, softer derivatives positioning and fading momentum left traders focused on the $1.05-$1.10 support zone as the market’s decisive near-term test. The token traded near $1.10 on Tuesday, down about 3 per cent over 24 hours and more than 10 per cent over the week, with its market value hovering around $68 billion to […]
Brussels is preparing to intensify its child-safety case against Meta Platforms, widening pressure on Facebook and Instagram over allegations that their design and recommendation systems keep children engaged in potentially harmful ways. The European Commission’s investigation is focused on whether Meta has done enough under the Digital Services Act to assess and reduce risks to minors, including so-called rabbit-hole effects, addictive design features and weak age controls. […]
Arabian Post Staff -Dubai Oman is weighing a ban on social media access for children under 16 as its telecoms regulator seeks public feedback on draft rules designed to tighten online safety, curb harmful exposure and define the duties of digital platforms. The Telecommunications Regulatory Authority has opened a consultation on the proposed framework, inviting parents, experts, educators, technology companies and the wider public to submit views […]
Keir Starmer has said he will resign as prime minister, triggering a Labour leadership contest and setting Britain on course for its seventh head of government since the 2016 Brexit referendum. Starmer announced on Monday, June 22, that he would oversee an orderly transfer of power and remain in Downing Street until Labour chooses a successor, expected by September. His decision ends a premiership that began with […]
Investcorp has agreed to acquire a majority stake in Smart Managed Solutions, a London-based mechanical and electrical facilities management specialist, in a deal that deepens the Bahrain-based alternative investment firm’s exposure to resilient business services in the UK. The financial terms of the transaction were not disclosed. Smart’s co-founders, Lee Bainbridge and Alex Wilkin, will retain a meaningful minority holding, keeping the founders aligned with the company […]
Arabian Post Staff -Dubai Qatar’s Barzan gas facility was hit by an explosion and fire during start-up operations on Sunday, injuring 54 people and leaving 18 missing at Ras Laffan Industrial City, the country’s strategic energy hub north of Doha. Emergency teams brought the blaze under control after the blast, while search and rescue operations continued around the affected section of the plant. Authorities described the incident […]
Brussels has narrowed its artificial intelligence infrastructure plan by opening the way for smaller and phased data centre projects, signalling a more cautious approach to Europe’s bid to compete with the United States and China in advanced computing. The European Union’s tender framework for AI gigafactories now allows bidders to propose facilities that can grow in stages rather than committing immediately to the largest scale originally envisaged. […]
Dubai International Financial Centre has opened a 30-day consultation on proposed amendments to its Data Protection Regulations, setting out tougher governance requirements for artificial intelligence systems that process personal data across the financial centre. The proposals, published under Consultation Paper No. 3 of 2026, are aimed at reinforcing the framework for autonomous and semi-autonomous systems, clarifying certification obligations and defining the responsibilities of Autonomous Systems Officers. Stakeholders […]
Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military technology and a wider export drive by Europe’s defence manufacturers. The venture, detailed at a Paris event on Wednesday, is expected to begin operations with contracts already […]
Kylian Mbappé scored twice as France opened their World Cup campaign with a 3-1 win over Senegal at MetLife Stadium, recovering from a poor first half to take control of their Group I opener in New Jersey. The France captain struck in the 66th minute, added a second deep into stoppage time and moved to 14 World Cup goals, overtaking Pelé and Lionel Messi on the tournament’s […]
BitGo has moved to position its BaFin-regulated European arm as a compliance bridge for crypto companies racing to avoid disruption when the EU’s MiCA transition period closes on 1 July. The digital-asset infrastructure group says its Crypto-as-a-Service platform can give eligible banks, fintechs and crypto businesses a way to keep offering wallet, custody and trading functions across Europe without building a full regulated stack before the deadline. […]
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