Concerns over the practical use of XRP have resurfaced after Evernorth chief executive Asheesh Birla said sustained demand for the digital asset will depend on banks adopting it as working capital rather than treating it as a speculative instrument. Birla’s remarks come amid renewed scrutiny of XRP’s real-world adoption, with market participants questioning whether the token’s usage aligns with its original proposition as a bridge currency for […]
Arabian Post Staff -Dubai A community-focused programme aimed at strengthening social cohesion and shared identity across the UAE has been launched in Abu Dhabi, as Design Commission Abu Dhabi unveiled its “One Nation. One People” initiative under the leadership of Sheikha Shamsa bint Hamdan bin Mohammed Al Nahyan. The initiative is positioned as a broad social and cultural platform designed to reinforce values of unity, inclusivity and […]
Barcelona-based Qilimanjaro Quantum Tech has introduced a new cloud service designed to broaden access to quantum computing, positioning itself within a fast-evolving race to commercialise next-generation processing power. The platform, branded SpeQtrum QaaS, offers remote access to what the company describes as a multimodal quantum data centre that integrates different quantum technologies under a single interface. The launch signals a shift in how quantum resources are being […]
Rhino.fi has introduced a cross-chain settlement product designed to simplify how financial technology firms handle dollar-pegged digital assets, seeking to address persistent pricing inconsistencies and operational complexity in stablecoin transactions. The platform, branded Stablecoin 1:1, enables neobanks and fintech companies to accept and settle USD-linked stablecoins across more than 25 blockchain networks while maintaining a one-to-one conversion rate. The offering aims to eliminate hidden spreads and opaque […]
SoftBank Group is advancing plans for a large-scale artificial intelligence data centre in Ohio, aiming to anchor one of the most energy-intensive computing hubs in the United States with electricity generated predominantly from natural gas, a strategy that underscores the growing tension between AI expansion and climate goals. The Japanese conglomerate is exploring development on federally owned land, with early estimates indicating the facility could require energy […]
Pi Network’s native token rose about 7 per cent on March 20, with trading volumes picking up sharply as investors positioned ahead of a scheduled token unlock that could materially expand circulating supply. The move places the relatively young digital asset at the centre of a familiar crypto market dynamic: price momentum colliding with looming supply increases. Market participants are weighing whether demand can absorb the additional […]
Arabian Post Staff -Dubai Northern Border University secured international recognition at the 51st Geneva International Exhibition of Inventions, winning both a silver and a bronze medal for research projects developed by its faculty, marking a notable moment for Saudi Arabia’s academic innovation landscape. Held in Geneva, the exhibition is regarded as one of the world’s largest platforms for showcasing patented inventions and applied research, drawing participants from […]
Meta has unveiled a new initiative offering guaranteed payments and enhanced visibility to content creators, signalling an aggressive push to draw talent away from rival platforms TikTok and YouTube and reinvigorate activity on Facebook. The programme, branded as a “Creator Fast Track”, is designed to attract high-performing influencers by providing upfront financial incentives alongside algorithmic boosts intended to expand their reach. The move reflects intensifying competition among […]
Arabian Post Staff -Dubai Dubai has activated a “Green Corridor” with ports in the Sultanate of Oman, aiming to streamline the movement of sea and air cargo while cutting transit times and reducing environmental impact across key Gulf trade routes. The initiative, announced by authorities overseeing logistics and customs operations in the emirate, is designed to enable faster clearance of goods through pre-approved procedures, digital documentation, and […]
HONG KONG SAR – Media OutReach Newswire – 20 March 2026 – PFIS Group, a Swiss-rooted wealth structuring advisory firm, today announced a comprehensive rebranding to Alpina Legacy. This strategic transformation marks a significant milestone in the firm’s history, aligning its corporate identity with its profound Swiss heritage and its core mission of safeguarding cross-generational wealth.
Mr. Samy Reeb, CEO of Alpina Legacy
Refining our Identity After Years of Strategic Growth
Since its inception, PFIS Group has undergone an extraordinary journey of expansion. What began as a specialised boutique advisory practice in cross-border insurance has evolved into a formidable international platform. Today, the firm operates 8 offices worldwide, holds intermediation licenses in 34 countries, and has successfully advised on the structuring and restructuring of over USD 1 billion in private wealth.
“After years of rapid international expansion and hundreds of complex client engagements, we realised that our identity needed to catch up with our evolution,” said Mr. Samy Reeb, CEO of Alpina Legacy. “This rebranding comes at a pivotal moment. After establishing a robust global footprint, we are returning to our roots—not by shrinking our horizons, but by deepening the Swiss values that have always been the bedrock of our success.”
A Name that Bridges Heritage and Future
The new name, Alpina Legacy, was meticulously chosen to reflect the dual pillars of the firm’s value proposition:
Alpina: A tribute to the firm’s Swiss foundation. It symbolises the precision, discretion, and unwavering regulatory discipline associated with the Swiss financial tradition. In an increasingly volatile global landscape, “Alpina” represents the stability and rigour that the firm’s institutional partners and clients rely upon.
Legacy: Defines the firm’s ultimate purpose. It underscores a commitment to helping internationally mobile families, entrepreneurs, and investors protect and transmit their wealth across jurisdictions and generations through compliant, sophisticated insurance solutions.
Strengthening Partnerships and Roots
The transition to Alpina Legacy also reinforces the firm’s commitment to its global network of private banks, asset managers, and institutional partners.
“Our business partners are the lifeblood of our operation. By rebranding to Alpina Legacy, we are signalling our long-term commitment to the standards they expect from a Swiss-rooted firm,” added Samy Reeb. “As we look back on our years in operation, we recognise that our growth was only possible because we remained close to our roots while remaining agile in the face of complex regulatory environments.”
A New Chapter in Wealth Structuring
While the name and visual identity have changed, Alpina Legacy’s dedication to excellence remains constant. The firm will continue to provide bespoke cross-border planning and international insurance solutions, ensuring that the wealth created today becomes the enduring legacy of tomorrow. Hashtag: #AlpinaLegacy
The issuer is solely responsible for the content of this announcement.
About Alpina Legacy
Alpina Legacy (formerly PFIS Group) is a leading international insurance and wealth structuring firm. With a global reach spanning 8 offices and licenses in 34 countries, Alpina Legacy specialises in providing compliant, cross-border life insurance and wealth planning solutions for high-net-worth individuals and international families.
For more information, please visit the newly launched website at: https://www.alpinalegacy.com/ (formerly https://www.pfisgroup.com/).
Starlink has begun offering satellite-based internet services in the United Arab Emirates, marking a significant expansion of low-Earth orbit connectivity into one of the Gulf’s most advanced digital markets. The rollout introduces a new alternative to established telecom operators, with residential plans starting from Dhs230 per month alongside a required upfront hardware purchase. The service, operated by Elon Musk’s SpaceX, relies on a constellation of low-Earth orbit […]
TrendAI™ to support NVIDIA OpenShell open source runtime to add security for autonomous AI agents
HONG KONG SAR – Media OutReach Newswire – 18 March 2026 – TrendAI™, the enterprise AI security leader, today announced expanded collaboration with NVIDIA to support NVIDIA OpenShell, a new open source runtime for agentic AI introduced at NVIDIA GTC. The solution enables organizations to deploy autonomous AI agents with built-in governance, continuous risk visibility, and runtime enforcement, addressing key barriers to production adoption of agentic AI.
Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™: “Agentic AI changes the security equation. When AI systems can plan, take action, and interact with other tools on their own, the risk profile looks very different from traditional AI. Our collaboration with NVIDIA allows us to bring security directly into the architecture so organizations can adopt agentic AI with the visibility and control they expect.”
Traditional AI security models were built for short-lived interactions between users and models. Agentic AI changes that dynamic by operating continuously and taking action across environments.
NVIDIA OpenShell is an open source runtime for long-lived, self-evolving agents capable of planning, memory, and tool execution. While these capabilities unlock significant productivity gains, they also introduce risks related to unauthorized skills, hidden behaviors, prompt injection, and unintended system access.
Pat Lee, vice president, Strategic Enterprise Partnerships at NVIDIA: “Agentic AI opens the door for a new class of applications that can plan, reason, and take action. By working with TrendAI™, we’re helping developers add visibility and controls to make it safer to run autonomous AI.”
TrendAI™ can transform agentic AI from a high-risk experiment into an enterprise-ready architecture. Organizations gain the ability to define trust boundaries, enforce policy at runtime, and maintain continuous visibility into autonomous AI behavior, all while preserving the flexibility and power that make agentic systems valuable.
TrendAI™ adds an enterprise-grade security layer that governs how agents behave, what tools they can access, and how risk is detected and enforced, before, during, and after execution.
The collaboration extends across the NVIDIA AI–Q blueprintand the NVIDIA NeMo Agent Toolkit, enabling consistent security, governance, and observability as agentic systems scale across enterprise environments.
Centralized AI governance and compliance enforced directly in the agent runtime
Skill and tool risk visibility, including continuous scanning of agent skills and MCP integrations
Dynamic behavioral analysis to detect hidden or malicious actions
Inline policy enforcement that blocks untrusted skills and actions at runtime
AI specific threat protection, including prompt injection and sensitive data exposure detection
Continuous monitoring and auditability through agentic telemetry and SIEM integration. These capabilities allow organizations to define trust boundaries, enforce policy, and maintain visibility across autonomous AI agents without limiting innovation.
The issuer is solely responsible for the content of this announcement.
About TrendAI™
TrendAI™, a global leader in AI security, empowers enterprises to innovate fearlessly by securing AI, cloud, networks, endpoints, and data across the modern attack surface. At the core is TrendAI Vision One™, a unified cybersecurity platform that centralizes cyber risk exposure management and security operations to protect the entire AI lifecycle from infrastructure to models to users. The platform is fueled by world-class threat intelligence and insights that protect organizations from hundreds of millions of threats every day. With 6,000 TrendAI™ experts across 75 countries, TrendAI™ empowers security leaders to stay ahead of threats, driving proactive security outcomes across the entire attack surface. This includes critical environments like AWS, Google, and Microsoft. AI Fearlessly.
Cloud infrastructure provider Vultr has introduced a production-ready artificial intelligence inference stack built on NVIDIA’s Rubin platform, marking a significant expansion of their collaboration as enterprises accelerate adoption of generative AI workloads. The deployment is designed to provide scalable, cost-efficient inference capabilities across Vultr’s global cloud network, targeting businesses seeking to operationalise AI models without the high capital expenditure typically associated with dedicated infrastructure. The Rubin platform, […]
Rapid deployment of AI-driven surveillance systems across multiple African cities is drawing scrutiny from rights groups and policy analysts, who warn that expanding digital monitoring networks risk eroding civil liberties while outpacing regulatory safeguards. Urban centres from Nairobi to Lagos and Johannesburg are integrating smart city technologies designed to improve traffic management, crime detection and public service delivery. These systems increasingly rely on facial recognition, biometric databases […]
ByteDance has halted plans for a global release of its advanced AI video generator, Seedance 2.0, following mounting legal pressure from major film studios concerned about copyright violations and the unauthorised use of creative content. The decision reflects growing tension between technology firms racing to commercialise generative artificial intelligence and entertainment companies seeking to protect intellectual property. Industry executives familiar with the matter indicate that negotiations and […]
S&P Global has indicated that four major Gulf real estate developers under its coverage are unlikely to face liquidity strain despite heightened geopolitical tensions linked to the US-Israel confrontation and instability involving Iraq, underscoring continued financial resilience across the sector. The rating agency assessed Dubai-listed Emaar Properties alongside PNC Investments, Omniyat Holdings and Damac Real Estate Development, concluding that their funding profiles, access to capital markets and […]
Tesla is assessing temporary policy changes for its Supercharger network across Gulf countries following heightened regional security tensions linked to Iran, amid unverified claims circulating online that the company has already made charging free in the region. No official confirmation has been issued by Tesla or its chief executive Elon Musk that all Supercharger services in Gulf Cooperation Council markets have been made free of charge. Industry […]
China has announced emergency humanitarian assistance for Iran, Jordan, Lebanon and Iraq, signalling a widening diplomatic and relief effort across a region grappling with economic strain and security volatility. Beijing’s foreign ministry said the aid would target urgent humanitarian needs, including medical supplies, food assistance and reconstruction support in areas affected by conflict and economic disruption. The move reflects China’s growing engagement in Middle Eastern affairs, where […]
Arabian Post Staff -Dubai Aramco Stadium has been named Strategic Partner for the 2026 edition of the Sports Investment Forum, a move that underscores the growing alignment between Saudi Arabia’s large-scale sports infrastructure projects and global investment platforms. The event is scheduled to take place from April 20 to 22 at The Ritz-Carlton in Riyadh, drawing policymakers, investors and industry executives as the Kingdom accelerates its push […]
PETALING JAYA, MALAYSIA – Media OutReach Newswire – 17 March 2026 – CARSOME Group Inc (CARSOME or the Group), Southeast Asia’s largest integrated car e-commerce platform, today announced a strategic investment round of more than USD 30 million from a set of new and existing investors including the Hong Kong Investment Corporation Limited (HKIC), Gobi Partners, and Asia Partners. This fundraise underscores the investors’ confidence in CARSOME’s journey to profitability and long-term vision across the region, as demonstrated by the recent record FY25 results. These funds will further accelerate its profitable growth in the region for the coming years.
CARSOME Group Inc (CARSOME or the Group), Southeast Asia’s largest integrated car e-commerce platform, today announced a strategic investment round of more than USD 30 million from a set of new and existing investors including the Hong Kong Investment Corporation Limited (HKIC), Gobi Partners, and Asia Partners.
This investment and partnership reflect a shared ambition to strengthen connections between Southeast Asia and Greater China, leveraging Hong Kong’s role as a regional gateway for advanced automotive capabilities, technology development, and global talent. With the support from the HKIC, CARSOME will drive initiatives across areas such as supply chain sourcing and technology collaboration, accelerating the application of data and artificial intelligence (AI) in the automotive sector, which further empowers CARSOME for its regional expansion.
“CARSOME has spent the last several years focused on building a resilient, profitable business with strong fundamentals,” said Eric Cheng, CARSOME Group Co-founder and CEO. “This strategic collaboration and fundraise is a vote of confidence in our continued momentum and long-term vision. This partnership gives us crucial access to innovation capabilities, cross-border networks, and world-class talent that will support our work in AI, data, and next-generation mobility services across Southeast Asia.”
Clara Chan, Chief Executive Officer of the HKIC, said, “We are pleased to support CARSOME as part of our continued effort to harness technology to drive industry transformation, contributing to Hong Kong’s long-term economic development and resilience. With Hong Kong’s unique position as a gateway connecting global innovation and investment opportunities, CARSOME exemplifies the type of high-conviction, technology-driven enterprise that aligns with the HKIC’s mandate to foster scalable innovation across our strategic sectors. We look forward to supporting forward-thinking companies like CARSOME in creating tangible value for the future of Hong Kong.”
Chibo Tang, Managing Partner of Gobi Partners, said, “CARSOME is a leading example of how Southeast Asian startups are well-positioned to create close ties with partners in Greater China, leveraging each region’s unique strengths. We are pleased to be a returning investor in CARSOME, having supported them for almost a decade. Gobi was an early believer in CARSOME’s ability to scale across international borders, and we are happy to see their early potential come to fruition as they reimagine the way consumers across Asia purchase vehicles.”
The issuer is solely responsible for the content of this announcement.
About CARSOME
CARSOME is Southeast Asia’s largest integrated car e-commerce platform. With operations across Malaysia, Indonesia, Thailand, and Singapore, CARSOME aims to digitize the region’s used car industry by reshaping and elevating the car transaction and ownership experience.
Together with subsidiary brands iCar Asia, WapCar, and CarTimes, CARSOME Academy, and CARSOME Capital, CARSOME provides end-to-end solutions to consumers and used car dealers across the decision funnel, from car content consumption, car inspection, and ownership transfer to financing and other ancillary services, as well as an automotive training institution, promising to bring trust, transparency, and choice to our customers. For more information, please visit www.carsome.com.
About Hong Kong Investment Corporation Limited (HKIC)
The HKIC was established in 2022 as the Patient Capital institution wholly owned by and representing the HKSAR Government. It adopts an “Investment +” approach, seeking reasonable financial return in the medium to long term and at the same time creating and supporting growth impetus with a view to contributing to Hong Kong’s economy and society.
The HKIC currently manages the “Hong Kong Growth Portfolio”, “Greater Bay Area Investment Fund”, “Strategic Tech Fund”, and “Co-Investment Fund”. At this stage, it is focusing on three key sectors, namely Hard and Core Technology, Biotech, and New Energy and Green Technology, as well as the relevant applications.
As of January 2026, the HKIC has invested in over 170 projects. Every Hong Kong dollar invested by the HKIC has attracted over 6 Hong Kong dollars from long-term capital for investment. Visit the website for more information: https://www.hkic.org.hk/
About Gobi Partners
Founded in 2002, Gobi Partners is a leading pan-Asian investment firm specialising in bespoke capital solutions for family offices, sovereign wealth funds, financial institutions and corporate investors. Headquartered in Hong Kong and Kuala Lumpur, Gobi manages US$1.7 billion across 20 funds, investing in early to growth-stage companies with the potential for generational and global impact.
The firm’s team of over 90 investment professionals operates from 17 locations, curating a diversified portfolio of more than 400 companies, with 75 exits achieved to date. Gobi is recognised for its long-term, values-aligned approach, building ecosystems at the intersection of technology, sustainability, and inclusion. From pioneering TaqwaTech for two billion Muslims, to advancing the circular economy, to promoting gender-diverse leadership, Gobi backs the trends that are reshaping societies.
Gobi’s edge lies in identifying structural and demographic shifts, forging partnerships with universities and institutions of higher education; bridging world-class research with private capital and bringing deep technology breakthroughs to commercialisation.
Asia Partners is a growth equity firm focused on the next generation of high-growth technology and technology-enabled companies that will transform the Southeast Asia economy. Its mission is to empower founders to build a new generation of tech giants, through deploying capital that directly addresses the region’s ‘Series C/D Gap’, and expertise in operating skills, drawing upon its collective experience of growing eight multi-billion dollar companies, including three in Southeast Asia.
VinFast plans to restart construction of its electric vehicle manufacturing complex in North Carolina this year, even as the Vietnamese automaker reported a deeper quarterly loss driven by rising costs tied to expansion, marketing and production ramp-ups.
The company said the project in Chatham County will move forward after earlier delays tied to supply-chain adjustments and financing decisions. The facility, once completed, is expected to anchor VinFast’s ambitions in the United States market, producing electric sport utility vehicles and battery packs aimed at competing with established global manufacturers.
The announcement came alongside financial results that showed losses widening in the final quarter of the year as the company continued investing heavily in overseas manufacturing capacity and global sales networks. VinFast, part of Vietnam’s conglomerate Vingroup, has been expanding aggressively beyond Southeast Asia in a bid to gain a foothold in one of the world’s largest electric-vehicle markets.
Chief executive Le Thi Thu Thuy said the company remained committed to its strategy of building a manufacturing presence close to customers in key markets. Executives argue that local production in the United States will help VinFast reduce logistics costs, navigate tariff regimes and qualify for incentives tied to domestic manufacturing under US clean-energy policies.
The North Carolina facility represents one of the most significant foreign manufacturing investments announced by a Vietnamese company. Plans call for an initial production capacity of around 150,000 vehicles annually once the site becomes operational. The project also includes battery production facilities and a supplier ecosystem expected to attract component manufacturers to the region.
Construction began after the project was announced with strong backing from state authorities, who offered incentive packages to attract the investment. Delays followed as the company reviewed construction schedules and adjusted financing strategies while global demand for electric vehicles experienced uneven growth. VinFast has now indicated work will restart this year as preparations move into the next phase.
The company’s financial statements showed that aggressive expansion continued to weigh on profitability. VinFast has been spending heavily on vehicle development, dealer networks, charging infrastructure partnerships and marketing campaigns in North America and Europe. These investments have expanded operating losses even as vehicle deliveries increased.
VinFast’s product portfolio currently includes several electric SUVs, including the VF 6, VF 7, VF 8 and VF 9 models, which target different segments of the global market. Early deliveries in the United States began with the VF 8, while additional models are being introduced gradually as the company builds service and distribution networks.
Industry analysts say VinFast’s strategy mirrors that of other emerging electric-vehicle manufacturers that are prioritising market share and brand recognition over short-term profitability. Building manufacturing capacity in major markets is seen as essential for competing with established automakers and benefiting from incentives tied to local production.
Global demand for electric vehicles continues to grow, though the pace has moderated in some markets as higher interest rates and infrastructure challenges influence consumer purchasing decisions. Established manufacturers including Tesla, General Motors and Ford have adjusted production plans in response to evolving market conditions, while new entrants continue pushing forward with long-term investments.
VinFast’s push into the United States comes as competition intensifies across the electric-vehicle sector. Chinese manufacturers have rapidly expanded production capacity and export volumes, while European and North American automakers are investing billions of dollars in battery technology and electric platforms.
Executives at VinFast argue that the company’s vertically integrated model, which includes battery development and vehicle production within the broader Vingroup ecosystem, gives it flexibility to adapt to changes in supply chains and technology. The company has also explored partnerships with technology firms and battery specialists as it scales manufacturing.
North Carolina officials have described the planned factory as a potential economic catalyst for the region, with expectations of thousands of jobs and the development of an automotive supply chain around the plant. Infrastructure upgrades and workforce training programmes are being planned alongside the project as authorities prepare for construction to accelerate.
VinFast’s global expansion forms part of Vietnam’s broader push to develop advanced manufacturing industries capable of competing internationally. The country has emerged as a major hub for electronics production, and policymakers have encouraged the growth of domestic companies capable of expanding into high-technology sectors such as electric mobility.
Financial markets have watched VinFast closely since its public listing in the United States, where its share price has experienced sharp swings amid changing investor expectations about the pace of growth in the electric-vehicle sector. Investors have been assessing the company’s ability to scale production, expand deliveries and narrow losses as global competition intensifies.
Meta Platforms has agreed to spend as much as $27 billion over five years to secure access to high-performance artificial intelligence infrastructure from Nebius Group NV, a move that underscores the escalating race among technology companies to expand computing capacity for advanced AI systems. The agreement gives Meta long-term access to specialised cloud infrastructure built around high-performance graphics processing units designed for training and running large-scale artificial […]
Luxury property developer Ohana Development has reported AED6 billion in sales within 72 hours for its Manchester City Yas Residences project on Yas Island in Abu Dhabi, marking one of the most rapid sales performances recorded in the emirate’s residential market. Demand for the branded residential development surged immediately after its launch, with buyers from across the Gulf region, Europe and Asia securing units in what is […]
President Donald Trump’s call for China to deploy naval forces to protect shipping in the Strait of Hormuz has stirred a sensitive strategic debate in Beijing, drawing attention to the question of whether the world’s second-largest economy should assume a greater military role in safeguarding global trade routes. Trump argued that China, as one of the largest importers of Gulf energy supplies, should contribute naval assets to […]