Arabian Post Staff -Dubai President Donald Trump has said a peace agreement with Iran is close to completion, raising expectations of a diplomatic breakthrough that could reopen the Strait of Hormuz after months of conflict disrupted one of the world’s most important energy corridors. Trump wrote on Saturday that an agreement had been “largely negotiated” but remained subject to finalisation between the United States, Iran and other […]
Abu Dhabi has cast its departure from OPEC as a strategic move to protect national revenue before global oil demand enters a long-term decline, marking one of the sharpest shifts in Gulf energy policy in decades. The UAE ended nearly 60 years of membership in the Organization of the Petroleum Exporting Countries on May 1, stepping away from both OPEC and the wider OPEC+ framework after years […]
Arabian Post Staff -Dubai Abu Dhabi’s exit from OPEC has placed the UAE at the centre of a wider debate over how Gulf producers should manage oil wealth as long-term demand faces pressure from the energy transition. Anwar Gargash, diplomatic adviser to President Sheikh Mohamed bin Zayed Al Nahyan, said the decision was shaped over three years and reflected the leadership’s view that the world is approaching […]
Seychelles and Bangladesh have moved to accelerate bilateral cooperation, with pending agreements and memoranda of understanding now expected to take clearer shape this year after talks in Victoria between Bangladesh High Commissioner Dr Zokey Ahad and Seychelles Foreign Affairs and Diaspora Minister Barry Faure. The meeting, held on 21 May at Maison Quéau de Quinssy, centred on formalising cooperation frameworks that have been under discussion since Dr […]
Google and Blackstone have agreed to create a $5 billion TPU-powered cloud company, widening the battle for artificial intelligence infrastructure as enterprises seek alternatives to graphics processing units that dominate AI training and inference. The US-based venture will offer data centre capacity, operations, networking and Google Cloud’s Tensor Processing Units through a compute-as-a-service model. Blackstone is making the initial equity commitment, with the first 500 megawatts of […]
BANGKOK, THAILAND – Media OutReach Newswire – 22 May 2026 – Thai Cement Manufacturers Association (TCMA) marked a significant national milestone in advancing the decarbonization of Thailand’s cement and concrete industry toward Net Zero 2050. This progress is driven by strong collaboration among government agencies, industry players, and international partners under the “Decarbonization of the Cement and Concrete Sectors in Thailand” project, while accelerating the adoption of technology, innovation, and green investment to enhance competitiveness and support long-term economic growth.
Dr. Chana Poomee, Honourary Chairman of TCMA and President of ASEAN Federation of Cement Manufacturers (AFCM), stated that today’s “National Milestone” reflects the power of collaboration at both national and international levels. The initiative is led by the United Nations Industrial Development Organization (UNIDO), in partnership with TCMA and key Thai government agencies, including the Department of Climate Change and Environment and the Department of Industrial Works, with financial support of CAD 8 million from the Government of Canada through Environment and Climate Change Canada (ECCC), to accelerate tangible greenhouse gas reductions in the cement and concrete sector.
TCMA, as the industry representative, serves as a central platform connecting stakeholders across the entire value chain, driving the implementation of the “Thailand 2050 Net Zero Cement and Concrete Roadmap.” This aligns with Thailand’s NDC 3.0 targets, strengthening industrial competitiveness, attracting green investment, and fostering sustainable economic growth.
“Decarbonization is not only a pressing challenge but also a strategic opportunity to enhance national competitiveness. The progress achieved under this project spans policy development, innovation, technology deployment, standards, and capacity building-key enablers that will accelerate the industry’s transition toward Net Zero”, Dr. Chana said.
A key technological advancement under the project is the introduction of the Mobile Carbon Capture Unit (MCCU) from CETRI, Canada. This advanced and flexible technology is designed for real-world industrial operations and will be piloted starting in June, rotating across cement plants of TCMA members in the SARABURI SANDBOX. The pilot aims to validate performance under diverse operational conditions and pave the way for large-scale industrial application.
“The deployment of MCCU in Thailand highlights the strength of international collaboration in bringing advanced technologies into real-world application. It accelerates learning-by-doing, validates technological performance, strengthens local technical capabilities, and reduces investment risks-laying a strong foundation for future scale-up”, Dr. Chana added.
From an investment perspective, the development of technology-ready and standards-aligned projects enhances investor confidence, increases the attractiveness of green investment, and improves access to sustainable finance-key drivers in accelerating the industry’s transition to Net Zero.
TCMA continues to advance the industry under a “Collaborative Mindset-Action-Value,” promoting the systematic adoption of low carbon technologies, including low carbon cement innovations such as Limestone Calcined Clay Cement (LC3), Carbon Capture, Utilization and Storage (CCUS). These solutions not only reduce emissions but also improve efficiency, lower long-term costs, and strengthen global competitiveness.
At the regional level, TCMA is expanding its role through AFCM by fostering collaboration and advancing the AFCM Decarbonization Roadmap, which serves as a shared framework to reduce carbon emissions across ASEAN’s cement industry while enhancing regional technology, standards, and competitiveness.
“As President of the AFCM, TCMA is committed to driving ASEAN toward becoming a low carbon region by leveraging collaboration as a key mechanism to accelerate technology transfer, strengthen the industry capabilities, and unlock new regional economic opportunities”, Dr. Chana said.
TCMA reaffirmed its commitment to strengthening collaboration and welcoming international support in both technology and finance to accelerate the transition toward a low carbon industry, while enhancing Thailand’s competitiveness on the global stage.
HONG KONG SAR – Media OutReach Newswire – 22 May 2026 – At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong – including Hyundai Motor Group – signed a landmark Memorandum of Understanding (MOU) on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy.
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong – including Hyundai Motor Group – signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows (from left) Senior Vice President (Sustainability) for Technology, Innovation and Entrepreneurship of Invest Hong Kong (InvestHK), Ms Olivia To; the Director-General of Investment Promotion of InvestHK, Ms Alpha Lau; Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin; Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Global Head of Financial Services, Fintech & Sustainability of InvestHK, Mr King Leung; and Senior Vice President, Transport, Logistics and Industrials of InvestHK, Ms Bonnie Ho, at the symposium.
This multi-party signing was officiated by Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Acting Secretary for Environment and Ecology, Miss Diane Wong; the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying; and the Director-General of Investment Promotion of Invest Hong Kong (InvestHK), Ms Alpha Lau.
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong – including Hyundai Motor Group – signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau, delivering a speech.
Spearheaded by Hyundai Motor Group, the MOU establishes a collaborative framework to build a comprehensive, self-sustaining hydrogen ecosystem in Hong Kong, targeted to be fully operational by the end of 2030. The collaboration will prioritise the development of waste-to-hydrogen technologies to convert landfill gas into clean energy, along with an immediate focus on piloting a liquefied hydrogen refuelling infrastructure. To enable full value chain integration, it also targets the deployment of customised hydrogen fuel cell commercial vehicles, including tour and airport shuttle buses.
Through facilitating public-private partnerships and inter-governmental collaboration, InvestHK is supporting Hyundai Motor Group and its partners to implement go-to-market strategies aligned with the shared vision for hydrogen ecosystem building.
This partnership will also position Hong Kong as a strategic base for Hyundai Motor Group’s hydrogen business expansion across the Asia-Pacific region.
Miss Wong said, “This collaboration marks a significant milestone in developing tangible, on-the-ground hydrogen applications to accelerate the green transition towards carbon neutrality. By combining Korea’s world-class technological capabilities with Hong Kong’s strategic urban context, Hong Kong could serve as an exceptional international demonstration platform for showcasing green and low-carbon technologies. If these cutting-edge innovations could be applied and scaled up successfully here, it will serve as a positive model and provide highly viable options for reference by modern cities worldwide.”
Ms Lau said, “Today’s multi-party signing is both a landmark moment for Hong Kong’s green economy and a clear signal that the city’s hydrogen ecosystem is gaining real traction. Over the past three years, InvestHK has helped leading hydrogen enterprises establish themselves in Hong Kong, several of which have since listed on the Hong Kong Stock Exchange, raising over $2.5 billion in total. For businesses with global green ambitions, Hong Kong is where business growth takes shape.”
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong – including Hyundai Motor Group – signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows the Acting Secretary for Environment and Ecology, Miss Diane Wong, delivering a speech.
Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin, said, “This MOU was signed as Hyundai Motor Group’s commitment to advancing Hong Kong’s proactive hydrogen policies and driving the acceleration of its hydrogen ecosystem utilising the Group’s hydrogen business capability and experience. Starting with Hong Kong, we look forward to expanding our collaboration and business opportunities across the broader Asia-Pacific hydrogen market.”
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong – including Hyundai Motor Group – signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung (back row, second right); the Acting Secretary for Environment and Ecology, Miss Diane Wong (back row, second left); the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying (back row, first left); and the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau (back row, first right), witnessing the signing.
Partners entering into this MOU include Hyundai Motor Company and Hyundai Engineering & Construction from Hyundai Motor Group, China Inspection Co Ltd, Chun Wo Bus Services Limited, Chun Wo Construction & Engineering Company Limited, Jiangsu Guofu Hydrogen Energy Equipment Co Ltd, JEA ENG, Templewater Limited, the Hong Kong and China Gas Company Limited, and Veolia Hong Kong Holding Limited.
This multi-party, long-term collaboration is set to establish a robust, end-to-end hydrogen industry chain – spanning production, storage, transportation, refuelling and utilisation.
New energy is vital to Hong Kong’s Climate Action Plan 2050 and the national dual-carbon goals. As set out in the Chief Executive’s 2025 Policy Address, Hong Kong will establish public hydrogen filling facilities on Hong Kong Island and in Kowloon, press ahead with more hydrogen trial projects, and develop the GBA Hydrogen Corridor in collaboration with Guangdong Province. The Hong Kong Special Administrative Region Government is actively advancing hydrogen development through technological innovation, talent cultivation, ecosystem building, and regional co-ordination. To date, over 30 hydrogen trial projects have been greenlit, paving the way not only for decarbonisation targets, but also for unlocking new quality productive forces for green economic growth. Hashtag: #InvestHK
The issuer is solely responsible for the content of this announcement.
About InvestHK
Invest Hong Kong (InvestHK) is the investment promotion agency of the Government of the Hong Kong Special Administrative Region (HKSAR).
Polymarket has appointed a representative in Japan and is preparing to press policymakers for a route to authorise prediction markets, marking a significant step in its effort to turn a crypto-native trading platform into a regulated global financial venue.
The New York-founded company, led by Shayne Coplan, is seeking to open discussions around whether event-based contracts can be permitted under Japan’s financial and digital-asset framework rather than treated purely as gambling. The move comes as prediction markets draw heavier institutional interest, stronger trading volumes and sharper scrutiny from regulators over consumer protection, market integrity and the legal boundary between betting and derivatives.
People familiar with the matter said the company’s Japan strategy is at an early stage and would require engagement with officials, lawmakers and industry participants before any formal market entry. Japan does not have a dedicated framework for cash-based prediction markets, leaving platforms that allow users to trade on political, economic, sports or cultural outcomes exposed to uncertainty under gambling and financial laws.
Polymarket allows users to buy and sell contracts tied to the outcome of real-world events, with prices reflecting market-implied probabilities. Its markets have covered elections, central bank decisions, geopolitical events, sports, entertainment and cryptocurrency milestones. The platform gained global visibility during the 2024 US presidential election cycle, when trading volumes surged and its odds were widely cited as an alternative gauge of political sentiment.
Japan would offer Polymarket a large, sophisticated retail market with deep participation in equities, foreign exchange and digital assets. The country has also built one of the world’s more structured crypto regulatory regimes, requiring registration for crypto-asset exchange service providers and imposing rules on custody, anti-money laundering controls and customer protection. That framework may give the company a potential route for engagement, although prediction markets remain a separate and more politically sensitive category.
The company’s global push has accelerated after a period of regulatory pressure in the United States. Polymarket settled a case with the Commodity Futures Trading Commission in 2022 after being accused of offering off-exchange event-based binary options without proper registration. It blocked US users for several years before moving to rebuild a domestic regulatory path through acquisitions and licensing efforts. Its purchase of a derivatives exchange and clearinghouse gave it a route to pursue compliant US operations.
Institutional backing has also strengthened its position. Intercontinental Exchange, the parent of the New York Stock Exchange, agreed to invest up to $2 billion in Polymarket in a deal that valued the business at about $8 billion before the transaction. The partnership gave Polymarket a powerful market infrastructure ally and signalled that event-driven data may have value beyond retail speculation, particularly for investors seeking real-time sentiment around political, economic and corporate developments.
Competition is intensifying. Kalshi, a regulated US prediction market operator, has expanded rapidly by framing event contracts as financial instruments under commodities law. Its growth has triggered legal disputes with state regulators, some of whom argue that sports and election-linked contracts resemble gambling products. That debate is likely to influence Japan’s assessment of whether prediction markets can be supervised as finance, gaming, information markets or a hybrid category.
Polymarket’s Japan plan faces several obstacles. Gambling is tightly restricted, with permitted activity largely confined to state-authorised sectors such as horse racing, bicycle racing, motorboat racing, lotteries and pachinko-linked structures. Online betting carries heightened enforcement risks, and any product involving wagers on uncertain outcomes would need careful legal classification. A crypto-funded model could add further complexity because regulators would need to examine custody, settlement, identity checks, sanctions screening and investor suitability.
Supporters of prediction markets argue that they create useful public signals by aggregating dispersed information into tradable prices. Traders who believe a market is mispriced can buy or sell contracts, pushing prices closer to collective expectations. That model has appealed to political analysts, hedge funds, economists and technology investors seeking faster indicators than polls, surveys or conventional research.
Critics counter that thin liquidity, anonymous participation, insider access and coordinated trading can distort outcomes. Questions have intensified around markets linked to sensitive events, where participants may possess non-public information or where the existence of a market could create troubling incentives. Japan’s regulators are likely to examine whether surveillance systems, position limits, disclosure rules and dispute-resolution mechanisms are strong enough to reduce those risks.
France will add €710 million in targeted aid to help households and businesses absorb higher energy costs, as the war in Iran keeps fuel prices elevated and tests the government’s fiscal restraint. Budget Minister David Amiel said the new measures would lift total support for consumers and affected sectors to nearly €1.2 billion, while the government seeks to avoid broad tax cuts that would deepen pressure on […]
Dubai will host the fifth Middle Eastern Alliance for Parenteral and Enteral Nutrition Congress on 4 and 5 June 2026, bringing more than 500 participants from over 15 countries to the InterContinental Dubai Festival City for a two-day programme focused on evidence-based nutrition support, patient safety and multidisciplinary care. The congress, known as MEAPEN 2026, will be held at Al Ras Hall and is expected to feature […]
By Nitya Chakraborty The joint declaration made by Chinese President Xi Jinping and the visiting Russian President Vladimir Putin after their summit in Beijing on May 20 has major ramifications on the global geopolitics in the context of the present unilateral actions of the U.S. President Donald Trump including the launching of war against Iran […]
Mexico’s sovereign credit rating has been cut to the last rung of investment grade, placing fresh pressure on President Claudia Sheinbaum’s administration as investors weigh rising debt, sluggish growth and the continuing fiscal burden of Petróleos Mexicanos. Moody’s Ratings lowered Mexico’s long-term local and foreign-currency issuer and senior unsecured ratings to Baa3 from Baa2, while changing the outlook to stable from negative. The move leaves Latin America’s […]
SINGAPORE – Media OutReach Newswire – 21 May 2026 – Synology today announced the general availability of PAS7700, the company’s first active-active, all flash NVMe storage system. Built for mission-critical workloads, PAS7700 delivers enterprise-grade performance, uninterrupted resilience, and optimized operational efficiency.
Synology PAS7700 delivers ultra-high performance, active-active availability and sub-millisecond latency for mission-critical workloads.
As AI, data analytics, and virtualization platforms continue to reshape how Singapore enterprises operate their IT infrastructure, storage is no longer merely a place to keep data. It has become the foundation behind core operational applications. As a result, organizations are placing greater demands on access speed, service continuity, and long-term operational stability. This is also why enterprises are increasingly seeking high-performance storage platforms that can maintain reliable operations over time.
“PAS7700 reflects Synology’s 25+ years of experience in storage and our close collaboration with enterprise customers to address evolving requirements for high availability, performance, and scalability,” said Bie-i Chu, Executive Vice President of the Synology NAS Group. “After a year of extensive real-world validation through our enterprise proof-of-concept program, PAS7700 is field-proven to deliver high reliability and performance, while helping customers lower total cost of ownership (TCO).”
A Storage Platform for Mission-Critical Systems PAS7700 is equipped with dual controllers and 48 NVMe SSD bays in a 4U chassis, and can scale up to 1.65 PB of raw storage capacity with up to seven expansion units. The system supports both file and block storage and offers broad protocol support, including NVMe-oF, iSCSI, Fibre Channel, SMB, and NFS.
With up to 2,048 GB of memory* and 100GbE networking, PAS7700 delivers up to 2 million IOPS, latency of under 1 millisecond and sequential throughput of up to 30 GB/s.
PAS7700 is designed for environments that require real-time data processing, such as virtualization, databases and large-scale data processing environments. It also targets performance-intensive and always-on workloads such as VDI, EDA and AI.
In addition, the solution is well suited for organizations operating data-intensive infrastructure in sectors such as data centers, manufacturing, semiconductor design, game development, and healthcare. These environments typically process large volumes of data concurrently and require systems that can sustain consistent performance and continuous service availability.
Designed to Minimize System Disruption One of PAS7700’s most notable strengths is its active-active architecture, which enables both controllers to operate simultaneously rather than relying on a traditional active-standby model. If one controller or a network component fails, the system can continue delivering services, significantly reducing the risk of business disruption.
The system is built with multiple protection layers to ensure high availability, including triple-parity RAID, mirrored write cache protection, IP failover, and automatic failover mechanisms.
PAS7700 also includes Continuous Availability Manager that enables enterprise IT teams to visually monitor the health status of each system component and detect and address issues quickly before they affect services.
Multi-Layer Data Protection for Enterprises Synology places strong emphasis on enterprise data protection. PAS7700 supports Self-Encrypting Drives (SEDs), providing hardware-level protection without compromising system performance.
The system also supports WORM folders and immutable snapshots, allowing snapshots to remain protected from unauthorized modification or deletion after creation, thereby reducing the risk of tampering and unauthorized data interference.
In addition, PAS7700 features Snapshot Replication and Hyper Backup that enable enterprises to build multiple layers of backup and recovery between production environments and secondary systems. This helps strengthen cyber resilience and improve data recoverability in the event of incidents or cyberattacks.
Lower Cost, Greater Efficiency Beyond performance, Synology also addresses the challenge of optimizing long-term storage investment for enterprises. As many businesses in Singapore continue expanding their data infrastructure, virtual machines and internal AI workloads, the cost of high-speed storage is exerting increasing pressure on IT environments.
PAS7700 supports both inline and offline deduplication technologies to help reduce unnecessary data usage and extend SSD lifespan. This mechanism can significantly improve storage efficiency in large-scale data environments.
In the near future, the system will also support Synology Tiering, which automatically moves infrequently accessed data to high-capacity storage systems. This helps free up high-speed NVMe resources for active applications and hot data.
The entire platform runs on DSM Enterprise, Synology’s operating system developed specifically for enterprise storage, and is designed for environments that require high performance while maintaining intuitive management and operational simplicity.
PAS7700 is now available globally through Synology’s network of partners and distributors.
*Memory module is upgradable to 1,024GB per node; 2,048GB for the whole PAS7700 system.
Hashtag: #Synology, #PAS7700
The issuer is solely responsible for the content of this announcement.
About Synology
Founded in Taiwan in 2000, Synology is a technology company specializing in network-attached storage (NAS), data backup and recovery, video surveillance, and networking solutions for businesses and individuals worldwide. Over the past two decades, Synology has continuously expanded its ecosystem to help users manage, protect, and unlock the value of data more effectively in the era of cloud, AI, and big data.
Synology’s core philosophy is to build a comprehensive hybrid-cloud ecosystem that enables businesses to protect, synchronize, and manage data through a centralized, intuitive, and easy-to-operate platform. From enterprise storage, data backup, file sharing, and collaboration to video surveillance and network infrastructure, Synology’s solutions are designed to simplify IT management and accelerate digital transformation.
Alongside ongoing technology innovation, Synology also focuses strongly on long-term stability, security, and scalability for data infrastructure. More than half of Fortune 500 companies use Synology solutions, reflecting the brand’s credibility and ability to support large-scale data operations worldwide.
By Nitya Chakraborty This is the season of high level summits. On May 14 and 15, U.S President Donald Trump visited Beijing and had ‘ fantastic’ talks, according to the U.S. President, Chinese media also went overboard explaining the great possibilities of China-US cooperation in political and economic spheres and also how important this was […]
Arabian Post Staff -Dubai ARP Digital has joined the Fireblocks Network for Payments as its designated GCC corridor settlement partner, giving fintechs, payment service providers and financial institutions a regulated route into Gulf payment corridors through a single integration. The arrangement positions the Bahrain-licensed digital capital infrastructure platform as a settlement counterparty for Fireblocks’ global network, with live rails covering the UAE dirham, Bahraini dinar and other […]
Washington moved closer to another military escalation with Tehran after President Donald Trump warned that the United States could resume strikes within days if Iran fails to accept terms for ending the war. Trump said he had called off a planned attack shortly before a final decision, presenting the delay as a narrow opening for diplomacy rather than a retreat from military pressure. “I hope we don’t […]
President Donald Trump has put a planned attack on Iran on hold after Gulf leaders urged Washington to allow negotiations more time, while warning that the US military remains ready for a “full, large scale assault” if no acceptable deal is reached. The decision marks a critical pause in a confrontation that has drawn the US, Iran, Israel and Gulf states into one of the most volatile […]
Washington announced a $1.776 billion compensation fund for people who claim they were unfairly investigated or prosecuted, opening a politically charged new phase in President Donald Trump’s campaign against what his administration calls government “weaponisation”. The Justice Department said the Anti-Weaponization Fund would be created as part of a deal resolving Trump’s $10 billion lawsuit against the Internal Revenue Service over the unauthorised leak of his tax […]
Elon Musk has lost a major legal battle against OpenAI after a federal jury in Oakland, California, found that he waited too long to bring claims accusing the artificial intelligence company and its leaders of abandoning its founding mission. The unanimous verdict delivered a significant courtroom victory to OpenAI, chief executive Sam Altman, president Greg Brockman, the OpenAI Foundation and Microsoft, all of whom were targeted in […]
Gautam Adani has secured a major legal reprieve in the United States after federal prosecutors moved to drop criminal fraud charges tied to allegations that his group misled investors over a solar energy bribery scheme in India.
The decision marks a sharp turn in a case that had weighed on the Adani Group’s global ambitions since November 2024, when prosecutors in Brooklyn accused Adani, his nephew Sagar Adani and other executives of concealing alleged payments to officials in India to secure power supply contracts. The case had centred on claims that investors in US-linked bond offerings were misled about anti-bribery controls at Adani Green Energy.
Prosecutors have asked a federal judge in New York to dismiss the criminal charges, citing enforcement discretion and resource allocation. The dismissal still requires judicial approval, but the move effectively signals that the Justice Department no longer intends to pursue the securities fraud, wire fraud and conspiracy counts against Adani and the other defendants covered by the request.
Adani Group has consistently denied wrongdoing, describing the allegations as baseless. The conglomerate said the development vindicated its position that it had acted in compliance with applicable laws and governance standards. The group’s listed companies gained in Mumbai trading as investors assessed the legal relief and its implications for overseas borrowing, infrastructure partnerships and expansion plans.
The original indictment alleged that more than $250 million in bribes had been promised to officials in India to obtain solar energy contracts projected to generate substantial profits over two decades. Prosecutors had also alleged that Adani Green Energy raised capital from international investors while withholding information about the alleged scheme. Defence lawyers challenged the case on both evidentiary and jurisdictional grounds, arguing that the alleged conduct had insufficient connection to US markets and that key elements of the government’s theory were unsupported.
The Justice Department’s move follows a separate civil settlement with the US Securities and Exchange Commission involving Gautam Adani and Sagar Adani. The settlement was reached without admission or denial of wrongdoing and included monetary penalties and undertakings. A separate sanctions-related matter involving Adani Enterprises was also resolved through a civil settlement with the US Treasury Department over alleged purchases of fuel linked to Iran-origin supply chains.
The legal shift comes as Adani Group seeks to restore full access to global capital markets after a turbulent period that included short-seller allegations in 2023, regulatory scrutiny and questions from lenders and partners. The group has maintained that its balance sheet remains resilient, pointing to continued operations across ports, airports, electricity transmission, renewable energy, cement, logistics and data centres.
The criminal case had created reputational and commercial strain beyond the courtroom. Some international partners reviewed contracts, and projects outside India faced heightened scrutiny after the indictment. Kenya cancelled major deals linked to Adani entities, while other governments and financiers reassessed exposure to the group. The dropping of criminal charges could ease some of that pressure, although investors are likely to continue watching governance disclosures, leverage levels and regulatory filings.
Adani’s legal relief also intersects with broader US enforcement policy under President Donald Trump’s administration, which has shown a more selective approach toward certain foreign corruption and corporate cases inherited from the previous administration. The decision has prompted debate among legal specialists over whether the move reflects a reassessment of weak evidence, a shift in enforcement priorities, or the diplomatic and commercial weight of large cross-border investment plans.
For Adani, the immediate benefit is clear. The collapse of the criminal case removes the most serious legal threat facing the billionaire outside India and reduces the risk of travel restrictions, arrest proceedings or prolonged litigation in a US federal court. It may also strengthen the group’s ability to refinance debt and pursue infrastructure partnerships involving American investors and technology providers.
Abu Dhabi technology group G42 and the Government of India have formalised terms to deploy Condor Galaxy India, an 8-exaflop artificial intelligence supercomputing cluster designed to strengthen the country’s sovereign AI infrastructure and widen access to advanced computing for research, public services and industry. The agreement, witnessed by UAE President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Narendra Modi during Modi’s official state visit to […]
Washington’s defence establishment is confronting a sharper supply-chain warning after President Donald Trump left Beijing claiming major trade progress, while China kept key controls on materials vital to US weapons, aircraft, satellites and advanced electronics. Trump ended his two-day visit by declaring that he had reached “fantastic trade deals” with President Xi Jinping, saying the understandings would benefit both economies. The commercial package pointed to tariff discussions, […]
Qatar Science & Technology Park has launched a $30 million Tech Venture Fund to back early-stage deeptech companies headquartered in Qatar, positioning the initiative as a new capital channel for founders working in artificial intelligence, robotics, biotechnology, advanced materials and clean technology. The fund, unveiled by the Qatar Foundation member in Doha, will invest in startups with measurable social or climate impact and will operate alongside a […]
By Nitya Chakraborty Now that the U.S. President Donald Trump is back to Washington DC. After his two day summit talks in Beijing on May 14 and 15, it is appropriate to decode the gains of the summit. There were four major issues– Taiwan, Iran war, trade deals and facilitating more business for the American […]