Arabian Post Staff -Dubai The Emirates Group posted AED 4.1 billion ($1.1 billion) in pre-tax profit for the six months ended September, as the Gulf conflict and higher fuel costs sharply reduced earnings from a year earlier. The Dubai aviation group said on Thursday that profit before tax fell from AED 12.2 billion in the corresponding period of 2025-26. Profit after tax declined by 66 per cent […]
DIP Holding is targeting an initial public offering price of Dh1.12 a share, a level that would generate approximately $529 million for parent Dubai Investments through the sale of a 20 per cent stake. The proposed pricing, within the previously announced range of Dh1.10 to Dh1.15, would imply a dividend yield of about 7.5 per cent based on the company’s planned distribution for 2027. The price has […]
Democrats have regained control of the United States Senate after victories across Republican-held states in Tuesday’s midterm elections, delivering a major setback to President Donald Trump and threatening his party’s hold on the House of Representatives. The November 3 vote overturned expectations that Republicans would retain the Senate, with Democratic candidates winning seats in Texas, Kansas, South Carolina, North Carolina and Ohio. The party also made gains […]
By Ashok Nilakantan Ayers WASHINGTON: America enters Election Day on Tuesday, November 3, with its political temperature rising and its institutional balance of power hanging in the balance. The midterm elections, ordinarily a referendum on the party occupying the White House, have become something more consequential: a test of Donald Trump’s political authority, the Republican […]
The article America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Abu Dhabi National Oil Company (ADNOC) has approved the Ruwais Diyab unconventional gas development, committing to a project designed to produce 345 million standard cubic feet of raw gas daily from 2029. The final investment decision, announced on Monday at the ADIPEC energy conference in Abu Dhabi, clears the way for the company’s first large-scale unconventional gas development. ADNOC expects production to continue […]
By Nantoo Banerjee At a time when most big business families across the world are fighting the ‘third-generation curse’ to stay afloat, a few Indian big business houses have survived past the third generation by relying on specific longevity drivers, including early focus on preparing heirs, formal governance, and regularly sharing the foundational history, struggles, […]
The article Stake In Third Generation Family Managed Firms Is Always Risky appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Artificial intelligence developer Anthropic plans to offer shares worth up to 552.9 billion yen ($3.5 billion) to investors in Japan as part of its proposed US stock market debut, according to a regulatory filing released on Monday. The planned allocation represents a significant international component of the company’s initial public offering, potentially giving institutional and other eligible investors in Japan direct access to one of the largest […]
SINGAPORE – Media OutReach Newswire – 2 November 2026 – Banyan Group Residences returns with a two-day sales exhibition on Saturday 14 and Sunday 15 November 2026, presenting six signature developments from its Phuket collection in the Diplomat Room, St. Regis Singapore, from 11:00 am to 6:00 pm.
Singapore buyers are already familiar with Phuket, and demand is shifting from holiday ownership towards long-term residency. This collection is designed for that shift: full-time homes within an established resort community, not just investment property.
The exhibition follows record first-half sales for Banyan Group Residences, up 38% year on year.
“Singapore has long been one of our most important buyer markets, and what we are seeing now is a shift in how buyers think about Phuket – not only as a holiday destination, but as a place to live,” said Stuart Reading, Managing Director of Banyan Group Residences. “More people are choosing to make Phuket home, and that is what makes it a sound long-term investment.”
Laguna Phuket is home to more than 70 nationalities, and across Phuket foreign buyers now account for over 60% of condominium purchases, many choosing to live in their properties rather than simply invest.
Banyan Group Residences expects to launch up to USD 1 billion in new luxury projects in Phuket over the next two to three years.
Ranked first in Asia and fifth globally for branded residences (Savills, 2025-26), Banyan Group Residences will showcase six developments at the exhibition, including some of the most exclusive it has ever released:
Banyan Tree Beach Residences Nerea
Just six three-bedroom duplex residences between Laguna Phuket’s lagoons and Bang Tao Beach, with yacht-inspired design, private pools and a home gym in each.
Banyan Tree Beach Residences Oceanus
Sixteen absolute beachfront residences on Bang Tao Beach, each with a private pool and up to 768 square metres of space – among the most luxurious condominiums ever released in Phuket.
Banyan Tree Beach Residences Varuna
Eight four-bedroom beachfront townhomes on Bang Tao Beach, each with a private lift, garden terrace and rooftop infinity pool facing the Andaman Sea sunset.
Angsana Golf Residences Topaz
Two- and three-bedroom residences and penthouses in three low-rise buildings overlooking Laguna Golf Phuket, with private rooftop pools.
Bellaguna Golf Residences
Low-rise buildings amid tropical gardens overlooking Laguna Golf Phuket, with one- to three-bedroom condominiums and two- to three-bedroom penthouses with private pools.
Bellaguna Lake Residences
One- to three-bedroom condominiums and two- to three-bedroom penthouses on the Laguna Phuket lagoon, with private rooftop pools on selected units.
Owners receive Sanctuary Club membership, with privileges at Banyan Group hotels, RAVA Beach Club and Laguna Golf access, plus a year of complimentary property management.
Banyan Living
Owners can also opt into Banyan Living, the Group’s hospitality-led rental and management platform.
To attend, RSVP to [email protected] or visit go.banyangroupresidences.com/singapore-showcase
Hashtag: #BanyanGroup
The issuer is solely responsible for the content of this announcement.
Banyan Group (“Banyan Tree Holdings Limited” or the “Group” – SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans nearly 130 hotels, resorts and reserves, over 30 branded residences and more than 140 spas and galleries in 28 countries. Comprising 14 hospitality and residential brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of “Embracing the Environment, Empowering People” is embodied through the Banyan Global Foundation and Banyan Management Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.
About Laguna Phuket
Laguna Phuket is Asia’s premier integrated resort destination, set against the stunning backdrop of the Andaman Sea. Spanning over 1,000 acres, the resort features six luxury hotels, an award-winning 18-hole golf course, fine dining, luxury spas, and branded residences. Guests benefit from complimentary shuttle services, a cashless payment system, and access to world-class recreational and wellness facilities.
About Banyan Group Residences
Banyan Group Residences is the property development arm of leading hospitality pioneer Banyan Group, listed on the stock exchange of Singapore. With over 35 years of development experience and an impressive portfolio of residential brands to suit different lifestyles and budgets, it is Thailand’s leading lifestyle property developer with a strong and increasingly international pipeline of projects. The Group’s main residential brands include the flagship luxury Banyan Tree Residences, Angsana Residences, Dhawa Residences, Garrya Residences, Laguna Residences, Cassia Residences, Skypark, Laguna Lakelands, and Bellaguna.
Binance will progressively restore customer withdrawals on Sunday after replenishing 95 per cent of the $6.3 billion in cryptocurrencies stolen during an unprecedented cyberattack on the world’s largest digital asset exchange. The company announced that the first phase would begin between 0600 and 0900 GMT, covering 15 blockchain networks and major cryptocurrencies including bitcoin, ether, BNB, Solana, XRP and dogecoin. Additional assets will become available after security […]
US President Donald Trump’s description of Norway as a “shithouse country” has prompted a pointed response from its tourism agency, which is promoting the country’s scenic public toilets after his attack over the Nobel Peace Prize. Visit Norway has circulated a campaign highlighting unusual and picturesque lavatories under the slogan “Norway makes shithouses great again”, turning the president’s remarks into an opportunity to advertise the country’s landscapes. […]
DoorDash has agreed to acquire Instacart for approximately $17 billion, combining the largest US restaurant delivery platform with a leading online grocery marketplace in one of the sector’s biggest transactions. The companies announced the cash-and-share agreement on Thursday, valuing Instacart, formally Maplebear Inc, at $65 a share. That represents a 26% premium to its closing share price on 22 October, before speculation about a possible sale emerged. […]
During its stay in Hong Kong, the delegation visited the CCPIT Representative Office in Hong Kong. It held discussions with CMA and co-hosted the Hainan Free Trade Port (Hong Kong) Economic and Trade Cooperation Exchange Meeting with FHKI. The event showcased the policies, key industrial layout and investment opportunities of the Hainan Free Trade Port (FTP), and arranged one-on-one business matchmaking between Hainan and Hong Kong enterprises.
Wang Yuyuan, Vice President of the China Council for the Promotion of International Trade Hainan Sub-council (CCPIT Hainan) and China Chamber of International Commerce Hainan Chamber of Commerce, noted that since the official launch of island-wide special customs operations at the Hainan FTP on December 18, 2025, 174,000 new enterprises have been registered, representing a year-on-year surge of 95.9 percent. Newly established foreign-invested enterprises rose by 35.8 percent year on year. In the first half of this year, inbound and outbound tourist arrivals exceeded 70 million, up 28 percent year on year, with the number of visa-free entry countries expanding to 88. From January to August, the province’s total goods import and export volume hit 250 billion yuan, growing by 61.5 percent year on year. Hainan is rapidly emerging as a critical gateway connecting China with the rest of the world and a prime channel for two-way investment.
According to CCPIT Hainan, Hong Kong ranks as a major source of foreign investment for Hainan. In the first half of this year, Hainan registered 1,303 new foreign-invested enterprises, an increase of 38.62 percent year on year, with Hong Kong-funded enterprises accounting for the lion’s share. Hainan has issued offshore RMB local government bonds in Hong Kong for four consecutive years, with a cumulative issuance volume reaching 18 billion yuan.
CMA is one of Hong Kong’s most representative non-profit industrial and commercial bodies, with around 3,000 member enterprises. It has long provided members with business services including exhibitions, brand promotion, testing and certification. FHKI, one of Hong Kong’s four major chambers of commerce, has approximately 2,000 corporate members. It focuses on boosting the sustained development of Hong Kong industry and manufacturing through policy advocacy, business matchmaking, certification services and youth talent cultivation.
The two memoranda explicitly stipulate that the two sides will establish a regular liaison mechanism, build a long-term cooperation platform covering information sharing, business matchmaking, exhibition collaboration and professional services, and provide solid support for pragmatic business cooperation between Hainan and Hong Kong enterprises.
Source: China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan)
Hashtag: #CPITHainan
The issuer is solely responsible for the content of this announcement.
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 […]
Datavault AI shares lost almost half their value after the Nasdaq-listed company disclosed that it could not withdraw bitcoin held through Biconomy and would revise financial statements covering several reporting periods. The stock closed Tuesday at $0.067, down 49.55%, with approximately 244 million shares changing hands. The sell-off followed an October 26 regulatory filing detailing accounting errors linked to a $150 million share purchase agreement with Scilex […]
The forecast identifies large language models, which underpin generative AI applications, as an area where China is particularly well positioned to establish leadership. It also anticipates that Chinese companies and research institutions will become at least competitive across other critical technology sectors, potentially reshaping the balance of technological capabilities between Beijing and Washington.
The assessment comes as Chinese AI developers narrow the performance gap with American competitors despite restrictions on access to advanced semiconductors. Improvements in model efficiency, expanding domestic computing infrastructure and competitive pricing have strengthened China’s position in the global market.
Bloomberg Intelligence senior analyst Robert Lea identified a sharp improvement in Chinese model performance earlier this month. Leading Chinese systems trailed their American counterparts by approximately 3% on benchmark scores, compared with around 9% in May and 15% earlier this year.
That narrowing gap followed the September introduction of DeepSeek’s V4.1 Flash model, which demonstrated further advances in reasoning and computational efficiency. The findings suggest that restrictions on sophisticated American chips have not prevented Chinese developers from improving their systems.
The projections nevertheless remain conditional on technological progress, investment and commercial adoption over the next four years. Competitive performance in individual benchmarks does not necessarily establish overall leadership, particularly when computing capacity, profitability and enterprise deployment are considered.
China’s expanding capabilities are already influencing international adoption patterns. Models developed by DeepSeek, Alibaba and Moonshot AI have attracted developers seeking alternatives to comparatively expensive proprietary systems offered by American technology companies.
Data from OpenRouter, a platform providing access to multiple AI models, showed Chinese systems gaining substantial shares of usage during 2026. However, the figures represent activity through that platform rather than the entire global market, where direct subscriptions and enterprise contracts remain significant.
Chinese developers have also benefited from distributing models with openly available weights, allowing businesses and programmers to customise systems without depending entirely on proprietary services. This approach has encouraged international experimentation and strengthened adoption among cost-conscious users.
American companies retain important advantages, particularly in advanced semiconductor access, large-scale computing infrastructure and commercial relationships with enterprise customers. OpenAI, Anthropic and Google continue investing heavily in frontier models and the infrastructure required to train increasingly sophisticated systems.
Financial performance illustrates the distinction between technological competitiveness and commercial success. Anthropic disclosed revenue of $16.3 billion for the first half of 2026, compared with $1.2 billion during the corresponding period a year earlier, reflecting strong demand for its enterprise services.
Chinese developers face greater pressure on pricing, with intense domestic competition limiting opportunities to convert growing usage into sustainable earnings. Lower-cost models can accelerate adoption while simultaneously reducing margins available to finance future development.
Semiconductor manufacturing remains another constraint. Washington’s export controls restrict Chinese access to certain advanced processors and manufacturing equipment, although domestic suppliers including Huawei are developing alternatives intended to support national computing requirements.
China’s response increasingly combines domestic chip development with software optimisation. Researchers have demonstrated that improvements in training methods, architecture and inference efficiency can reduce dependence on the most powerful available hardware.
Beijing is also pursuing greater integration between artificial intelligence and telecommunications infrastructure. A three-year programme issued by the Ministry of Industry and Information Technology in June established targets for autonomous networks, computing access and specialised AI applications through 2028.
The programme envisages significant breakthroughs in core technologies by 2030, alongside improved coordination between communications networks, computing resources and intelligent services. Its objectives complement broader efforts to establish domestic technological capabilities.
Regulatory developments could influence the international availability of Chinese technology. Authorities proposed export restrictions this month covering 23 categories of AI technology, including language models, autonomous agents, chip designs and computing clusters.
The draft measures would potentially subject transfers of certain model weights, source code and advanced technologies to government approval. Their final scope and implementation remain undetermined.
China’s Ministry of Commerce has presented the proposals as part of a wider effort to regulate strategically sensitive technology transfers. The consultation also covers technologies beyond artificial intelligence, reflecting the government’s expanding attention to intellectual property and national security.
For overseas developers using Chinese models, the eventual rules could affect access to advanced systems and associated technical resources, depending on the restrictions adopted and the thresholds applied to particular technologies.
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 […]
The Summit explored the trends reshaping customer expectations and the future of financial services. Discussions focused on rising wealth, increasing cross-border mobility, and the growing convergence of data, artificial intelligence and human expertise. Participants exchanged perspectives on how deeper partnerships can enhance customer outcomes and unlock new opportunities for the next phase of growth.
Chengdu’s history provided a fitting backdrop for the Summit. More than a thousand years ago, the city pioneered “jiaozi”, widely regarded as the world’s first paper money. Its success depended on trust in the promise behind it, a principle that remains equally important in successful partnerships today.
Dennis Tan, Regional CEO, Thailand, Vietnam, Cambodia, Myanmar; Group Partnership Distribution, Prudential plc, said: “Keeping promises sits at the heart of every partnership for Prudential. Founded on trust and strengthened through collaboration, these relationships help us meet customers’ increasingly interconnected health, protection and wealth needs.
“The Summit demonstrated the strength of Prudential’s partnership ecosystem and the opportunities ahead. By bringing together distribution expertise, digital capabilities and market insights, we are working to create better customer experiences and drive long-term, sustainable growth with our partners.”
The programme also featured guest speaker Pierluigi Collina, FIFA’s Chief Refereeing Officer and referee of the 2002 FIFA World Cup Final. Drawing on his experience at the highest level of international football, he shared perspectives on leadership, accountability and sound decision-making in complex and rapidly changing environments.
Partnership distribution at Prudential
Prudential harnesses the strength of its partnership ecosystem to translate shared priorities into action, helping more customers achieve greater financial security and confidence for the future.
Partnership distribution has long been central to Prudential’s growth strategy. Since establishing its first strategic bancassurance partnership in 1998, Prudential has built one of Asia’s largest bancassurance franchises, comprising more than 180 banking partnerships across markets. In the first half of 2026, the bancassurance channel delivered US$586 million in new business profit, up 13 per cent on a constant exchange rate basis from US$505 million in the same period last year.
Hashtag: #Prudentialplc
The issuer is solely responsible for the content of this announcement.
Prudential provides life and health insurance and asset management in Greater China, ASEAN, India and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.
Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
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 […]
New silver-coloured water installations are taking shape at Dubai Fountain in Downtown Dubai, with construction continuing beside Burj Lake while the attraction maintains its scheduled performances. Footage shared online shows tall, reflective structures with curved, petal-like forms rising above the water between Dubai Mall and Burj Khalifa. Streams descend from sections of the structures into the lake, creating a separate cascading effect alongside the fountain’s established choreographed […]
SINGAPORE – Media OutReach Newswire – 21 October 2026 – Asia is projected to add 702 million middle-class adults between 2026 and 2036, three-quarters of all middle-class growth in emerging markets, according to a new study from World Data Lab (WDL) and EBANX, a global technology company specializing in payment services for emerging markets.
But this new consumer class will not shop the same way developed-market consumers do: by 2036, only 20% of adults in emerging markets will hold a credit card, against 66% in developed markets.
Global online spending is projected to grow from USD 11 trillion in 2026 to USD 25.6 trillion in 2036. Emerging markets add USD 8.7 trillion of that increase (60% of all new online spending), with China (USD +4.7 trillion) and India (USD +1.3 trillion) leading this growth. Indonesia (USD +243 billion), Brazil (USD +249 billion) and Mexico (USD +191 billion) form the next tier.
The categories matter as much as the markets. Online gaming spending in emerging markets grows 14% a year over the decade, the fastest of any category, and SaaS nearly 10%. Emerging markets will generate 76% of global growth in social media spending and 64% in SaaS.
The demographic picture challenges a common assumption. Consumers aged 45 and over account for 51% of emerging markets’ online spending growth through 2036, and spending by those aged 65 and over grows 12% a year, faster than any other age group.
The outlook was discussed during “Navigating Payments: How innovation and fragmentation are changing the game for e-commerce,” a webinar co-hosted by World Data Lab (WDL) and EBANX.
“Over the next ten years, people aged 45 and over will add USD 4.4 trillion in online spending in emerging markets, half of all the growth. Some of them already shop on their phones and will keep doing so as they get older. Others will buy online for the first time in their fifties or sixties. Merchants who build their checkout only for a 25-year-old will miss both groups,” explained Wolfgang Fengler, CEO of WDL.
The study models consumer spending, demographics, and financial access across 184 countries to 2036, drawing on the World Bank’s Global Findex and WDL’s consumer models, combined with EBANX’s experience processing payments for global merchants in emerging markets since 2012.
“If your checkout only takes credit cards, you are competing for one in five adults in emerging markets and conceding the other four”, said Marie-Elise Droga, Chief Revenue Officer of EBANX. “The merchants growing fastest with us didn’t wait for cards to arrive: they added the payment rails their customers already use, and they’re taking new buyers, bigger baskets and recurring revenue that card-only competitors can’t even see.”
834 million new online buyers, 281 million new credit cards
Between 2026 and 2036, the global economy will add 834 million online buyers but only 281 million credit card holders—a ratio of nearly three to one. In emerging markets, two in three new online buyers (67%) will arrive without a credit card. Adults without it already account for 55% of online spending in emerging markets, a share that rises to 90% in India and 93% in Sub-Saharan Africa. Credit cardless adults also represent 52% to 59% of spending in every digital category, from gaming and SaaS to streaming and travel.
Digital payment use is also running ahead of online shopping. Of the 2.6 billion emerging-market adults spending between USD 6 and USD 25 a day, 70% already pay merchants digitally while only 33% buy online, leaving at least 957 million digitally active consumers who are not yet online buyers. Many hold a bank account or mobile wallet but no card that works at an international checkout.
“This is closely tied to the innovation that came out of the financial industry in emerging markets, which developed solutions for an increasingly mobile economy and for the habits of local consumers. Today, we call them local payment methods, or LPMs, and they allowed e-commerce growth to decouple from the credit card, which still has very low penetration in these countries,” said Estelita Hass, head of Market Intelligence at EBANX.
Subscriptions are the next frontier — and India shows why
Recurring categories such as streaming, SaaS and online education will reach USD 2.1 trillion a year in emerging markets by 2036, with USD 1.1 trillion coming from adults without a credit card. In India, 82% of recurring online spending will be cardless. Account-based recurring rails are beginning to close that gap: a global SaaS company saw a 20% uplift in new subscribers after adding UPI at checkout in India, and cybersecurity company Nord Security now generates 28% of its revenue in Brazil through Pix Automático, Brazil’s recurring instant payment, six months after launching it with EBANX.
The webinar presentation is available at [LINK].
Hashtag: #EBANX #WorldDataLab #Fintech #Payments #EmergingMarkets #Consumers
The issuer is solely responsible for the content of this announcement.
EBANX is the leading technology platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike.
For further information, please visit:
Website: 
https://ebanx.com/en/
LinkedIn: 
https://www.linkedin.com/company/ebanx/
Arabian Post Staff -Dubai Alpha Dhabi Holding has agreed to commit $1 billion (Dh3.67 billion) to Alpha Wave III, extending the Abu Dhabi-listed investment group’s exposure to artificial intelligence and high-growth technology businesses worldwide. The agreement, announced on Monday, covers a global investment fund managed by Alpha Wave Global and remains subject to applicable approvals. Alpha Dhabi said the commitment would support diversification of its investment portfolio, […]
