Air France-KLM has left open the possibility of taking a role in any takeover approach for easyJet, adding a strategic airline dimension to Castlelake’s early-stage interest in the Luton-based low-cost carrier. Chief Executive Ben Smith indicated that the Franco-Dutch airline group would consider contact from Castlelake if the investment firm sought a partner for a possible offer. His comments come as the US-based asset manager studies whether […]
Attackers are increasingly abusing legitimate system utilities and widely used administrative tools to deliver malware, move through networks and avoid detection, forcing security teams to rethink defences built mainly around blocking suspicious files. The tactic, commonly described as “living off the land”, relies on trusted tools already present inside corporate environments. PowerShell, Windows Management Instrumentation, certutil, mshta, rundll32, regsvr32, scheduled tasks, remote monitoring software and JavaScript execution […]
Arabian Post Staff -Dubai KPMG and Anthropic have launched a global alliance that will embed Claude artificial intelligence tools into KPMG’s client delivery platforms, opening new capabilities for companies and public-sector organisations in Qatar as the Gulf state accelerates investment in AI infrastructure, digital government and data-led transformation. The partnership gives KPMG’s global workforce access to Anthropic’s Claude suite and integrates the technology into KPMG Digital Gateway, […]
Cybersecurity teams are being urged to review exposed Microsoft IIS servers after a China-linked espionage cluster was found using a custom web shell framework built to evade conventional detection and maintain access inside compromised networks. The activity, tracked as OP-512, targeted an internet-facing Windows Server 2016 system running Internet Information Services and an end-of-life. NET Framework 4.0 application. The operation involved three purpose-built web shells using ASPX […]
Arabian Post Staff -Dubai Revolut is exploring a secondary share sale that could lift its valuation to about $115 billion, setting up a fresh test of investor appetite for one of Europe’s most valuable private technology groups after a decisive regulatory breakthrough in the UK and a push into US banking. The potential transaction would allow existing shareholders, including employees and early backers, to sell stock without […]
Amazon has unveiled an upgraded version of its Proteus warehouse robot that can take plain-language instructions from workers, marking a major step in the company’s push to automate heavier tasks across its European fulfilment network. The next-generation Proteus was shown at Amazon’s Dartford fulfilment centre east of London as part of a wider investment programme of more than €10 billion, equal to about $11.6 billion, aimed at […]
Mastercard is moving deeper into blockchain-based settlement by adding regulated stablecoins and the XRP Ledger to a wider upgrade of its global payments infrastructure, marking a significant step in the effort to make card settlement operate beyond conventional banking hours. The payments group has outlined plans to expand settlement options for issuers and acquirers, including intraday, weekend and holiday processing in fiat currencies and on-chain card settlement […]
Arabian Post Staff -Dubai Iran’s Revolutionary Guard said it had launched missile strikes on “enemy bases in the region” after US forces hit targets near the Strait of Hormuz, pushing Gulf states into a new security alert as sirens sounded in Kuwait and Bahrain. Guard commanders framed the operation as retaliation for US strikes on Iranian coastal positions around Sirik and Qeshm Island, both close to one […]
HONG KONG SAR – Media OutReach Newswire – 5 June 2026 – The 19th (2026) International Photovoltaic Power Generation and Smart Energy Exhibition & Conference (SNEC 2026) was grandly held from June 3 to 5, 2026, at the National Exhibition and Convention Center (Shanghai). Attracting over 3,000 exhibitors from 95 countries worldwide, the event stands as the largest and most influential professional grand gathering for the photovoltaic and energy storage sectors across Asia and globally.
During the exhibition, Mr. Yiu Wang Lee, Chairman of the Board of Wing Lee Development Construction Holdings Limited (“Wing Lee” or the “Group”, stock code: 9639.HK); Mr. Cai Huihui, General Manager of Wing Kai New Energy Technology Co., Limited (“Wing Kai New Energy”); Mr. Wang Yi, Key Account Manager of QIJI Energy; Mr. Xu Jun, Overseas Energy Storage Commercial Director of Contemporary Amperex Technology Co., Limited (CATL); and Mr. You Yuxian, ASEAN Regional Energy Storage Sales Director of CATL, jointly visited the exhibition booth of C&D Hi-Tech. The delegation engaged in in-depth discussions with the team led by General Manager Mr. Zhan Shengli, focusing on battery swapping station projects in Hong Kong and Southeast Asia. By integrating multi-party resources, the teams successfully finalized and signed a Strategic Cooperation Agreement.
Through this signing, the three parties will join forces to address and resolve the industry pain points of overseas markets regarding regulatory compliance, engineering infrastructure, and supply chain coordination. The collaboration represents a deep integration of QIJI Energy’s cutting-edge battery swapping solutions, Wing Kai New Energy’s localized infrastructure and operational capabilities across Hong Kong and Shenzhen, and C&D Hi-Tech’s robust global resource allocation strengths. Moving from single-project development to an ecosystem of mutual win-win, this partnership will significantly enhance the delivery efficiency of green energy across Hong Kong, Macau, and the Southeast Asian region, setting a brand-new benchmark for regional zero-carbon smart transportation.
As a subsidiary of Wing Lee, Wing Kai New Energy has been rooted in Hong Kong since its inception while radiating its presence globally, deeply cultivating sustainable clean energy solutions. Addressing the acute pain points in the Greater Bay Area and Southeast Asian markets, where rapid fluctuations in energy prices have led to surging cost pressures for logistics distribution enterprises, Wing Kai New Energy will focus on urban distribution logistics battery swapping businesses in the future. The company plans to integrate site resources, infrastructure, and operations to fill the gap in regional infrastructure. We firmly believe that this cooperation will effectively bridge the cross-border green energy eco-link, accelerate the construction of a green energy service network, and contribute solidly to the realization of the “dual carbon” goals. Meanwhile, we sincerely invite more partners to join the Zero-Carbon Smart Alliance to jointly advance sustainable development.
Hashtag: #WingLee
The issuer is solely responsible for the content of this announcement.
Deeply rooted in Hong Kong, Wing Lee is an established contractor engaged in civil engineering, electrical and mechanical engineering, and new energy businesses, and has participated in various large-scale landmark projects in Hong Kong. The Group’s civil engineering business specialized in site formation waterworks as well as road and drainage works, while its electrical and mechanical engineering business specializes in power system-related projects and emergency maintenance works. In recent years, the Group has actively expanded into the new energy sector, undertaking solar photovoltaic projects, distributing various electric commercial vehicles and electric construction machinery, and engaging in the construction and subsequent maintenance of charging piles, battery swapping, recycling, and energy storage businesses. In 2025, Wing Lee Construction, together with SANY Group Co., Ltd. and CATL, among other industry giants, founded the “Zero-Carbon Smart Alliance” to develop full-industry-chain solutions for photovoltaics, energy storage, charging and battery swapping, and smart applications in green transportation.
Synology used COMPUTEX 2026 in Taipei to set out a wider enterprise data strategy built around the next generation of DiskStation Manager, AI-assisted administration, expanded backup appliances and a larger surveillance and private cloud portfolio, positioning the company more directly in the market for secure, on-premises data intelligence. The showcase, held at Taipei Nangang Exhibition Centre from June 2 to 5, placed DSM at the centre of […]
The exemption, effective from 1 April 2026, covers interest income and capital gains arising from the sale, exchange or transfer of specified government securities by eligible foreign institutional investors and the Bank for International Settlements. President Droupadi Murmu signed the Income-tax Ordinance, 2026 while Parliament was not in session, amending the new direct tax framework that took effect at the start of the financial year.
Foreign investors had been subject to long-term capital gains tax of 12.5% on listed bonds held for more than 12 months and withholding tax of 20% on interest from government securities. By removing the tax burden for eligible investors, the Centre is seeking to improve post-tax returns and make rupee debt more competitive at a time when global funds are weighing currency risk, oil-market volatility and geopolitical uncertainty.
The policy shift comes as the rupee has weakened by more than 5% this year, pressured by crude prices and sustained foreign selling in equities. The currency recovered after the announcement of measures aimed at attracting foreign currency inflows, but traders continued to watch oil prices, reserve levels and the central bank’s market operations for signs of durable support.
Reserve Bank of India kept the policy repo rate unchanged at 5.25% and announced steps to encourage dollar inflows, including support for foreign-currency borrowing by public sector entities, incentives for non-resident deposits and a longer window for exporters to repatriate proceeds. The central bank also revised its growth forecast to 6.6% and raised its inflation estimate to 5.1%, underlining the pressure created by imported energy costs.
The tax relief is aimed at deepening overseas participation in government securities after the inclusion of rupee bonds in major global debt benchmarks. Fully accessible route bonds have already been added to J. P. Morgan’s emerging market debt index and Bloomberg’s emerging market local currency index, widening the pool of passive and active investors that can allocate funds to sovereign debt. A separate decision on inclusion in broader global bond benchmarks is being watched by investors because it could influence medium-term flows.
Debt inflows have remained more resilient than equity flows, but the scale has not been sufficient to offset pressure from the current account and stock-market exits. Foreign investors have pulled large sums from equities this year, while government debt has continued to attract selective buying. Higher hedging costs and expectations of currency weakness have limited enthusiasm among some global investors despite the comparatively attractive yield on rupee bonds.
Market participants expect the tax exemption to help long-only funds, pension funds, sovereign investors and reserve managers that focus on net returns after tax. The measure could also support liquidity in benchmark government securities and reduce borrowing costs at the margin if foreign demand rises. For the Centre, a broader investor base would help absorb a large borrowing programme without placing excessive pressure on domestic banks and insurance companies.
The effect may still depend on factors beyond tax policy. Currency stability, inflation expectations, oil prices, fiscal credibility and the central bank’s approach to liquidity will shape overseas appetite. Investors that hedge currency exposure must still account for hedging costs, while those that remain unhedged face the risk of rupee depreciation wiping out yield gains.
Washington has moved to close a sensitive gap in its China technology controls after Trump administration officials concluded that overseas units of Chinese companies may have been able to buy Nvidia’s most advanced artificial intelligence chips without the export licences required for direct shipments to China. The Commerce Department’s Bureau of Industry and Security issued guidance on 31 May clarifying that licence requirements for advanced computing items […]
Cybersecurity teams are warning that VECT 2.0, a ransomware strain promoted as a recovery-for-payment tool, can leave victims with files that even its operators may be unable to restore, widening concern over a campaign that behaves closer to a destructive wiper than conventional extortion malware. The latest technical findings show that VECT 2.0 suffers from multiple encryption and file-handling flaws, including a failure to preserve critical nonce […]
A China-linked cyber-espionage group tracked as VerdantBamboo has been tied to a BRICKSTORM malware operation targeting Linux-based virtual appliances, firewalls and enterprise infrastructure, sharpening concerns over the security of systems that often sit outside mainstream endpoint monitoring. The activity came to light after suspicious traffic was detected from a Linux-based virtual machine appliance during an incident response investigation. The inquiry found that attackers had used stolen administrative […]
Arabian Post Staff -Dubai Dubai’s Emirates has promoted Hanan Mohammed Jawad and Bakhita Al Mheiri to captain rank, making them the first UAE national women to reach the command position at the airline and placing both on its Boeing 777 flight deck. The promotion gives the two pilots their fourth stripes after years of training, line flying and command preparation within one of the world’s largest long-haul […]
Arabian Post Staff -Dubai Crude loading at Oman’s Mina al Fahal terminal was suspended on Friday after an explosion near its single-buoy mooring berths, disrupting operations at one of the Sultanate’s most important oil export outlets. Two people familiar with the matter said the blast occurred between SBM 1 and SBM 2 and was believed to have followed a drone attack. The timing of the incident was […]
Dubai has launched SME in a Box, a digital platform intended to cut the time, cost and complexity faced by entrepreneurs setting up and operating small businesses in the emirate. The initiative, introduced by the Dubai Department of Economy and Tourism through the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development, gives founders a single entry point to access core services that are usually handled […]
The plan, worth about $4.3 billion, reflects a sharp turn by Gulf from its traditional base as a power producer into a broader infrastructure group linking electricity generation, telecommunications, cloud services and industrial logistics. The investment push comes as Thailand seeks to position itself as a regional data hub, helped by rising demand for cloud computing, artificial intelligence workloads and data-localisation capacity across Southeast Asia.
Gulf’s strategy is built around a simple commercial premise: AI facilities need vast, reliable and increasingly low-carbon electricity. Data centres are among the most power-intensive assets in the digital economy, and operators are under pressure to secure stable energy supply while meeting sustainability commitments from global technology clients. Gulf’s existing position in gas-fired power, renewable energy and utilities gives it an advantage that pure technology infrastructure firms may struggle to match.
Sarath, Gulf’s chief executive and controlling figure, has spent years reshaping the group from a conventional energy developer into a conglomerate with exposure to telecoms, satellites, digital platforms and cloud infrastructure. The merger of Gulf Energy Development and Intouch Holdings created a larger listed platform linked to Advanced Info Service, Thailand’s biggest mobile operator, and Thaicom, the satellite company. That structure gives Gulf access to telecom traffic, enterprise clients and digital distribution channels that can support its data-centre ambitions.
The investment programme is expected to support new data-centre capacity, related infrastructure and power projects needed to serve hyperscale and enterprise customers. Gulf has already moved into the sector through partnerships involving global technology names and regional operators, while its digital arm has explored cloud and AI services designed for corporate and government clients. The company’s first major data-centre project has become a reference point for its expansion into facilities that can host high-density computing workloads.
Thailand’s broader investment environment has also shifted in Gulf’s favour. Authorities have approved large-scale data infrastructure projects from global technology players, including server and data-processing investments across Bangkok, Samut Prakan and Chachoengsao. Google, Amazon Web Services, Microsoft and ByteDance-linked operations have all announced or pursued major commitments in the country, intensifying competition but also validating Thailand’s role in the regional digital economy.
For Gulf, the opportunity lies not only in renting data-centre capacity but also in selling bundled infrastructure: power, connectivity, cloud access and long-term operational reliability. That model could create recurring income and reduce dependence on regulated returns from power generation. It may also help Gulf deepen its relationship with large technology clients seeking local partners that understand land, energy approvals, grid constraints and domestic regulatory requirements.
The group’s financial position gives it room to move, though the scale of the programme will be closely watched by investors. Gulf reported strong first-quarter earnings for 2026, helped by its energy operations and profit contribution from Advanced Info Service. Revenue growth and core profit gains have strengthened confidence in its ability to finance new projects, but data centres require heavy upfront spending and returns can depend on utilisation rates, long-term contracts and energy costs.
The timing is also sensitive. Across Asia, governments are competing for data-centre investment while confronting pressure on power grids, water use and land availability. Singapore’s cautious approach to new data-centre capacity has encouraged developers to look at Malaysia, Thailand, Indonesia and Vietnam, but each market faces its own constraints. Thailand has industrial land, policy incentives and improving connectivity, yet grid readiness and clean-energy availability remain decisive issues for hyperscale clients.
Gulf’s renewable energy targets are likely to form part of its sales pitch. The company has set out plans to raise the share of renewables in its generation portfolio and reduce carbon intensity, while continuing to rely on gas as a stable baseload fuel. Its long-term LNG supply arrangements also point to a strategy that balances energy security with transition commitments, even as customers demand cleaner electricity for digital operations.
Sarath’s expansion plan underscores how AI is redrawing corporate strategy beyond Silicon Valley. Energy groups, telecom operators and infrastructure funds are increasingly competing for the physical assets behind the digital boom. Gulf’s bet is that Thailand’s AI economy will be shaped as much by power plants, fibre networks and industrial sites as by software models and cloud applications.
Hackers are using large-scale online advertising campaigns to deliver FlutterShell, a newly identified macOS backdoor that marks a sharper turn in financially motivated malware operations targeting Apple users. The campaign, tracked as Operation FlutterBridge, is linked to a broader cybercrime cluster known as CL-CRI-1089, which has operated since at least 2023. The group has used paid advertisements, verified advertiser accounts and shell companies to place malicious promotions […]
Arabian Post Staff -Dubai Abu Dhabi Exports Office has begun direct site visits to UAE-based manufacturers under its AED1 billion financing partnership with Emirates Development Bank, stepping up efforts to link industrial companies with export funding, working capital support and market-expansion tools. The visits covered MEDECO, Star Paper Mill and Dana Steel, three manufacturers operating in sectors closely tied to the country’s localisation and export-growth agenda. ADEX […]
Malicious agent-skill uploads have slipped past detection tools used by ClawHub, Cisco and Vercel-linked scanning services, raising fresh concern over the security of fast-growing marketplaces that distribute third-party capabilities for AI agents. The findings point to a widening supply-chain problem around “skills”, the modular instruction-and-file packages that allow AI agents to perform tasks such as editing documents, running scripts, managing workflows or connecting with external services. Unlike […]
Cardano’s ADA token fell below 20 US cents as founder Charles Hoskinson said he was “taking a break” after warning that the blockchain ecosystem faces a wave of project failures, deepening concern over funding, governance and developer momentum. ADA traded around $0.19 on Thursday after dropping more than 12 per cent over 24 hours, taking its one-year decline to about 70 per cent and pushing the token […]
Arabian Post Staff -Dubai UiPath has secured certification from the Dubai Electronic Security Center for its Automation Cloud Commercial UAE region, clearing a key compliance hurdle for wider deployment of its automation and artificial intelligence services across Dubai’s government, semi-government and regulated enterprise sectors. The certification places UiPath’s UAE cloud operations under the DESC Cloud Service Provider Security Standard, a framework required for cloud providers serving Dubai […]
Arabian Post Staff -Dubai A divided US House of Representatives has approved a war powers resolution directing President Donald Trump to end American military involvement in Iran, handing the White House a symbolic but politically pointed rebuke as unease grows on Capitol Hill over the scope and duration of the conflict. The measure passed 215-208 on Wednesday, with four Republicans breaking ranks to join Democrats in support. […]
