Arabian Post Staff -Dubai Goldman Sachs has retained its forecast for Brent crude to average $80 a barrel in the fourth quarter of 2026, arguing that constrained Middle East supply should support prices if hostilities between the United States and Iran ease before the end of the year. The investment bank’s baseline projection assumes that geopolitical tensions will gradually subside and oil shipments through the Strait of […]
The airlines signed a memorandum of understanding that establishes a framework for negotiating a future joint business agreement. The proposed arrangement would deepen their existing codeshare relationship and could allow closer coordination across schedules, sales, network planning and passenger services.
The partnership is expected to explore single-ticket journeys across the two carriers’ combined networks. Garuda Indonesia passengers could gain easier access to Saudia-operated destinations in the Middle East, Europe and Africa, while Saudia customers could connect through Garuda’s domestic network and services to Australia.
The carriers will examine coordinating flight schedules between Saudi Arabia and Indonesia to improve connection times and reduce lengthy transfers. They will also assess joint sales, marketing and distribution initiatives in markets where both airlines see opportunities for traffic growth.
Cooperation could extend to frequent-flyer programmes, airport services, technology systems and customer handling. The memorandum also places particular emphasis on services for Umrah and Hajj passengers travelling from Indonesia, one of the world’s largest markets for pilgrimage-related air travel.
Saudia Chief Commercial Officer Arved von zur Muehlen and Garuda Indonesia Director of Transformation Neil Raymond Mills signed the agreement. The ceremony was attended by Saudia Group Director General Ibrahim Al-Omar and Garuda Indonesia Vice President Director Thomas Sugiarto Oentoro.
Von zur Muehlen said the agreement reflected Saudia’s strategy of building commercial partnerships that strengthen its international network. He said the proposed cooperation would offer passengers greater flexibility between Indonesia, Australia and destinations served by Saudia across three regions.
Mills said the partnership carried strategic value beyond expanding flight networks. Improved access to the Middle East, Europe and Africa would support pilgrimage travel, family and community movement, business links and wider economic cooperation.
A joint business agreement would represent a deeper form of cooperation than a conventional codeshare. Codeshares allow airlines to sell seats on flights operated by a partner, while joint business structures can involve coordinated scheduling, pricing, sales and capacity planning, subject to regulatory approval.
Such arrangements allow airlines to extend their market reach without immediately adding aircraft or launching a large number of new routes. They can also improve aircraft utilisation and feed passenger traffic through major hubs. Regulators, however, generally examine these partnerships to ensure that closer coordination does not weaken competition or limit consumer choice.
The proposed partnership builds on the airlines’ membership of the SkyTeam alliance. Saudia joined SkyTeam in 2012, while Garuda Indonesia became a member in 2014. Alliance membership already supports shared passenger benefits, lounge access, priority services and frequent-flyer recognition across participating carriers.
Saudia operates from hubs including Jeddah, Riyadh, Dammam and Medina, connecting Saudi Arabia with destinations across Asia, Africa, Europe and North America. Its Jeddah hub is particularly important for religious travel because of its proximity to Makkah and its role as a gateway for pilgrims.
Garuda Indonesia’s network is centred on Jakarta and Bali, with domestic services covering major commercial centres and tourism destinations across the archipelago. Its international operations connect Indonesia with markets in Asia, the Middle East and Australia.
The agreement comes as Garuda expands commercial cooperation with overseas airlines during its continuing operational and financial restructuring. The carrier launched a codeshare partnership with Scandinavian Airlines in June, offering connections between Indonesia and Copenhagen, Stockholm and Oslo through hubs including Amsterdam and Tokyo.
Greater cooperation with Saudia could strengthen Garuda’s access to markets that are difficult to serve economically with direct flights. The arrangement could also help generate connecting traffic for domestic destinations beyond Jakarta, including cities that supply significant numbers of Umrah and Hajj travellers.
Indonesia and Saudi Arabia have sought to expand economic and transport ties alongside their strong religious and cultural links. Agreements between companies from the two countries valued at about $27 billion were announced in 2025 across sectors including clean energy, petrochemicals and aviation fuel services.
The US Federal Communications Commission has barred approvals for devices containing key Huawei-built components while opening 160 megahertz of upper C-band spectrum for advanced wireless services. The two decisions, adopted at the commission’s July 22 meeting, combine a tougher national security approach towards Chinese technology with an effort to accelerate 5G capacity and prepare networks for future 6G services. They could reshape electronics supply chains, mobile investment […]
Arabian Post Staff -Dubai Ras Al Khaimah Economic Zone has partnered with Fazaa to give eligible employees of registered companies access to membership benefits, discounts and services across the UAE. The agreement allows qualifying workers to subscribe through RAKEZ to Fazaa’s Silver, Gold and Platinum membership tiers. Benefits are available across healthcare, restaurants, retail, automotive services, beauty and wellness, furniture, property services and car rentals. RAKEZ will […]
Arabian Post Staff -Dubai DP World has agreed to develop and operate two new terminals in Fujairah under a 50-year concession, expanding the UAE’s cargo-handling capacity and creating a deep-water gateway with direct access to the Gulf of Oman. The agreement in principle with Fujairah Ports Authority covers the Al Rugaylat container and multi-purpose terminal and the Dibba General Cargo terminal. The projects will be developed in […]
Arabian Post Staff -Dubai Flynas has confirmed an order for 25 additional Airbus aircraft, strengthening its plans to expand domestic, regional and international services as Saudi Arabia accelerates investment in aviation and tourism. The agreement covers five A330-900 widebody aircraft and 20 A321neo single-aisle jets. It raises the Riyadh-based low-cost carrier’s firm commitments with Airbus to 235 aircraft, including 20 A330neos and 56 A321neos. The order gives […]
Yemen’s Houthi movement has positioned missiles and drones near the Bab el-Mandeb strait and is prepared to resume attacks on commercial shipping, raising the risk of disruption across one of the world’s most important trade corridors. Maritime security monitors have raised their assessment of the threat after the group declared a blockade targeting vessels connected to Saudi Arabia. Ships calling at Saudi ports have been warned that […]
Trump announced that generic drugs entering the United States would remain free of import duties until August 1, 2028. A tariff of 100% would then apply for one year, followed by a 200% levy from August 2029. The proposed schedule extends Washington’s pharmaceutical reshoring campaign beyond patented and branded medicines, which were targeted earlier.
India faces the greatest exposure because the United States is its largest pharmaceutical export market. Drug exports to the country were valued at about $9.7 billion in 2025, representing roughly 38% of total pharmaceutical shipments worth $25.8 billion.
The policy nevertheless does not automatically remove the price advantage enjoyed by manufacturers such as Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Aurobindo Pharma, Cipla, Lupin and Zydus Lifesciences. Many generic medicines produced in India are priced seven to 10 times below branded alternatives, leaving room for some products to remain competitive even after steep duties.
A medicine imported for $10 would cost $30 after a 200% tariff, excluding distribution and retail charges. It could still undercut a branded equivalent priced at $70 or $100. The calculation is less favourable for commodity generics, where several manufacturers compete on narrow margins and buyers demand the lowest possible price.
Generic medicines account for more than 90% of prescriptions dispensed in the United States but less than 13% of prescription-drug spending. That imbalance reflects their importance to American healthcare as well as the pressure placed on manufacturers by pharmacy chains, wholesalers, insurers and purchasing organisations.
The United States imported pharmaceutical products valued at about $213 billion in 2025. Finished medicines sold in retail packaging, including generic products, accounted for about $94.1 billion. Replacing those imports would require extensive investment, specialised workers, regulatory approvals and dependable supplies of active pharmaceutical ingredients.
Building a pharmaceutical plant can take several years. Companies must install production lines, validate manufacturing processes and secure approval from the US Food and Drug Administration before commercial sales begin. Each medicine may also require separate technical submissions and inspections, complicating attempts to shift large portfolios within the two-year exemption period.
Several major drugmakers have already established manufacturing or research operations in the United States, providing limited protection against future tariffs. Companies may expand those facilities, acquire local plants or transfer selected high-volume products while continuing to manufacture lower-margin medicines overseas.
The tariff could affect businesses unevenly. Manufacturers with specialised generics, injectable drugs, inhalers and complex formulations may have greater pricing power. Producers dependent on crowded categories such as basic tablets and capsules could face heavier pressure because customers can switch suppliers more easily.
Shares of leading pharmaceutical companies fell after the announcement, with some declining by more than 3% during Wednesday’s trading. The reaction reflected concern over long-term earnings rather than an immediate change in export conditions, as the duty-free window remains open for two years.
Implementation is also uncertain. Trump disclosed the schedule through a social-media statement, but no detailed executive order or customs framework had been issued. The administration must still clarify whether exemptions will be available for companies building factories, medicines facing shortages, critical hospital products or imports from countries covered by trade agreements.
Industry participants are expected to seek exclusions for essential medicines, arguing that tariffs could raise treatment costs and deepen shortages. The American generic-drug market has already faced supply disruptions linked to plant closures, quality failures and unsustainable pricing. Higher import costs could encourage some manufacturers to withdraw products rather than invest in additional capacity.
Washington’s strategy also faces a supply-chain constraint beyond finished medicines. A large portion of the active ingredients and chemical intermediates used by global manufacturers originates in China. Moving final production to the United States without diversifying those inputs would provide only partial protection against overseas disruption.
Drugmakers in India now have until August 2028 to adjust their production networks, negotiate with customers and identify medicines capable of absorbing higher duties. Expansion into Europe, Africa, Latin America and other regulated markets could reduce dependence on the United States, although none offers comparable scale.
The European Commission has fined Alibaba-owned AliExpress €550 million, or about $629 million, for failing to control the sale of illegal, unsafe and counterfeit products on its online marketplace. The penalty, announced on July 20, is the largest imposed under the European Union’s Digital Services Act and marks a significant escalation in Brussels’ enforcement campaign against global technology and e-commerce platforms. Regulators said AliExpress had not adequately […]
BankDhofar has secured the Best Place to Work 2026 certification, strengthening its position among Oman’s employers investing in staff development, workplace technology and national talent. The certification was awarded by the UK-based Best Places to Work organisation following an assessment of the bank’s human resources practices and employee feedback. The evaluation examined organisational culture, job satisfaction, leadership, communication, career development and the alignment of workforce policies with […]
Employees’ growing use of unauthorised artificial intelligence tools is making it harder for companies to calculate returns on technology spending while exposing confidential information to systems outside corporate control. Businesses that invested heavily in generative AI are now confronting a widening gap between formal deployment plans and how staff use the technology. Workers are often turning to free consumer platforms or personal accounts because approved systems are […]
ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap, advancing Abu Dhabi’s plans to raise natural gas production and expand supplies for domestic and international customers. The offshore project is expected to produce more than 600 million standard cubic feet per day of natural gas and associated gas liquids by 2030. That volume is equivalent to almost 10 per cent of the […]
The United States and Iran have intensified their exchange of attacks, drawing Gulf states deeper into a conflict that has entered an eleventh consecutive night of American strikes and raised the risk of a wider regional war. US Central Command said its latest operation targeted Iran’s military infrastructure, including coastal surveillance systems, air defence installations, maritime assets and storage facilities for missiles and drones. The campaign is […]
Arabian Post Staff -Dubai Abu Dhabi has begun operating a centralised waterway monitoring and control centre designed to strengthen maritime safety, improve emergency coordination and support public marine services across the emirate. The facility, managed by the Integrated Transport Centre, known as Abu Dhabi Mobility, brings surveillance, vessel movement data, regulatory enforcement and service management into a single digital platform. Abu Dhabi Maritime, part of AD Ports […]
A US federal judge has ordered Paramount Skydance to suspend its proposed takeover of Warner Bros. Discovery for at least 14 days, giving a coalition of states time to pursue claims that the transaction would unlawfully weaken competition across film, television and streaming markets. US District Judge Araceli Martínez-Olguín issued the temporary restraining order in Oakland, California, preventing the companies from completing or implementing the merger until […]
Through DaaS, enterprise customers can access drone equipment, trained personnel, mission execution, data collection and project deliverables without purchasing and maintaining a complete in-house drone system. The model extends ZenaTech’s business beyond equipment sales and enables the company to generate recurring service revenue from customers’ operational requirements.
ZenaTech reported revenue of CAD 8.4 million for the first quarter of 2026, an increase of 640% from CAD 1.13 million in the same period of 2025. DaaS contributed approximately CAD 7.8 million, accounting for around 93% of quarterly revenue.
In 2025, the company generated annual revenue of CAD 12.9 million, up 558% from approximately CAD 2 million in 2024. DaaS contributed approximately CAD 10.1 million during its first full year of operations, representing around 78% of total annual revenue.
Acquisitions Support Service Network Expansion
ZenaTech has expanded its DaaS operations through a combination of internal technology development and acquisitions. The acquired businesses bring existing customers, professional teams and local operating capabilities, while ZenaTech gradually introduces drones, automated data collection and AI-supported analytics into selected workflows.
In 2025, the company completed 20 acquisitions, including 19 businesses providing engineering data, facility inspection and related professional services, as well as one enterprise software company.
By June 2026, ZenaTech had completed its 24th DaaS-related acquisition and expanded its services into property cleaning, facility inspection and maintenance.
Through its ZenaDrone subsidiary, ZenaTech has also developed drone products for indoor and outdoor operations. The IQ Quad supports site data collection, engineering imagery and 3D modelling, while the IQ Nano uses barcode and RFID scanning to support inventory records, shelf inspections and indoor data collection.
The company’s reported revenue growth, acquisition activity and DaaS contribution provide investors following the AI and drone sectors with measurable indicators of how its technologies are being integrated into commercial operations and converted into service revenue.
Hashtag: #ZenaTech
The issuer is solely responsible for the content of this announcement.
ZenaTech (Nasdaq: ZENA) is a technology company specialising in AI-powered drones, Drone-as-a-Service (DaaS), enterprise SaaS solutions and related technologies. Through its ZenaDrone subsidiary, the company develops drone products and software for commercial applications including engineering data collection, agriculture, warehouse management, facility inspection and property maintenance. ZenaTech combines its technology capabilities with a growing professional service network to support the adoption of drone-based solutions across a range of operational environments.
Arabian Post Staff -Dubai Sharjah Taxi has completed one million trips booked through the Yango app, marking a significant expansion of digital taxi use in the emirate since the service was launched in February 2025. The milestone reflects rising passenger demand for app-based access to regulated city taxis, combining digital booking, journey tracking and electronic payment options with Sharjah’s established public transport network. The platform allows customers […]
Arabian Post Staff -Dubai Changer. ae and Tether have signed a memorandum of understanding to examine regulated cross-border settlement services using USD₮, expanding efforts to build institutional digital asset infrastructure within Abu Dhabi Global Market. The agreement brings together Changer, an Abu Dhabi-based virtual asset custodian regulated by the Financial Services Regulatory Authority, and Tether, issuer of the world’s largest dollar-linked stablecoin. The companies will assess USD₮-to-fiat […]
Project CAV3RN has adopted a new communication module that hides command-and-control traffic inside Outlook calendar events, marking a significant upgrade to the cyberespionage framework’s efforts to evade conventional network monitoring. The module, named AzureCommunication. dll, appears designed to replace an earlier component that exchanged instructions and stolen data through HTTP and WebSocket connections. It instead uses Microsoft Graph to access a compromised Microsoft 365 mailbox, turning calendar […]
Craneware has disclosed a cyberattack that allowed an unauthorised party to extract employee information and records linked to customers and business partners, raising fresh concerns about technology supply-chain risks across the US healthcare sector. The Edinburgh-based healthcare software provider said attackers gained access to a limited section of its data environment. A significant volume of file names was viewed and removed, while an unspecified proportion of employee […]
SpaceX is approaching its first major post-listing share release, with stock worth about $116 billion becoming eligible for sale after the rocket and satellite group publishes its maiden quarterly results as a public company. The release could sharply expand the number of SpaceX shares available to investors and test demand following a volatile first month on the Nasdaq. Employees and some early shareholders will be permitted to […]
Arabian Post Staff -Dubai ExxonMobil has signed on as a Gold Sponsor of Angola Oil & Gas 2026, strengthening its position in the country as Luanda seeks billions of dollars in investment to sustain crude production and revive exploration. The conference will be held in Luanda on 9 and 10 September, bringing together energy companies, investors, financiers, service providers and policymakers. Angola is promoting an upstream investment […]
At the heart of the showcase was Phancy’s “Token Factory”, which demonstrated a complete closed-loop from technological innovation and engineering implementation to industrial empowerment. The exhibit received widespread acclaim from industry leaders, government and enterprise representatives, international guests, and major media outlets. A number of high-profile guests visited the booth, sparking in-depth discussions on innovation opportunities and development trends in the AI 2.0 era.
Building the “Token Factory”: Full-Stack Capabilities Driving Scalable Industrial Adoption
At WAIC 2026, Phancy centered its presentation on its full-stack AI cloud service platform, demonstrating the “Token Factory” and turning the vision of scalable, reusable and deployable AI productivity into tangible industrial capabilities.
At the infrastructure and foundational layer, Phancy’s HAMi (virtual heterogeneous GPU management and orchestration platform) and ModelHub XC (opensource model adaption and optimization platform) effectively addresses key industry pain points — including localized deployment of large models, efficient computing resource scheduling and large‑scale implementation. These solutions provide a solid foundation for industrialized AI production and strengthen the Token Factory’s core advantages in efficiency, stability, and scalability. Both technologies attracted significant attention at the event, drawing government officials, industry experts, and enterprise clients for demonstrations, consultations, and partnership discussions.
Core Production and Intelligent Applications
At the core production and application layer, Phancy highlighted its AGI platform Phanthy Pantheon and the self-evolving AI modeling tool PhanthyModel, both of which significantly lower the barriers to building advanced models. On the delivery side, the company introduced its cross-platform embodied agent framework PhanthyMotus, the AI coding agent PhanthyCode, and the AI-powered film production platform PhanthyMovie. These solutions enable seamless integration of AI capabilities into real-world operations across a wide range of industries.
From computing orchestration and model development to intelligent agent deployment, Phancy continues to connect computing resources, AI models, developers, and industry ecosystems, driving the stable and efficient transformation of AI technologies into practical, scalable industrial productivity.
Internationally Recognized as a Trusted Global Industrial AI Solution
In addition to its technology showcase, Phancy received significant international recognition at WAIC 2026. At the Global Industrial AI Cooperation Forum, in the presence of high-level guests including the UN Deputy Secretary-General, Brazil’s Minister of Public Service Management and Innovation, and academicians from the Chinese Academy of Sciences, Phancy was selected as a “Global Flagship Case in Industrial AI” and named among the first batch of “Trusted Global Industrial AI Solutions.”
This prestigious honor validates Phancy’s technological reliability, compliance and real‑world implementation capabilities in industrial AI, and marks strong international endorsement of the company’s AI engineering and commercialization strengths.
Building an Open Industry Ecosystem and Entering a New Era of AI 2.0
The successful conclusion of WAIC 2026 was not only a celebration of technological achievements but also a powerful platform for deep industry collaboration. As AI moves into the era of large-scale application, Phancy will continue to pursue technological innovation and open collaboration, further strengthening its full-stack AI cloud service system.
Looking ahead, Phancy will work closely with global developers, industry partners, and clients to bring the “Token Factory” into more real-world scenarios, making AI a true driver of industrial upgrading and high‑quality productivity.
Hashtag: #PhancyGroup
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai Dubai Future District Fund has expanded its portfolio to 30 investments, confirming that the future is now sufficiently diversified to survive several pitch decks, two market corrections and at least one founder describing an ordinary payment service as “transformational infrastructure”. The fund made eight new investment commitments during 2025, including five venture capital funds and three high-growth companies. Its portfolio now consists of […]
