Robinhood chief executive Vlad Tenev has rejected AMC Entertainment chief Adam Aron’s demand for control over stock tokens tied to AMC shares, arguing that public companies cannot veto third-party securities that reference their stock. Tenev said on CNBC’s Squawk Box on Wednesday that issuers retain control over the rights and obligations attached to shares they issue, but that authority does not extend to every financial instrument built […]
PayPal has extended the reach of its dollar-backed stablecoin into custom token issuance, with the PYUSDx developer platform now supporting three live projects and more than $100 million in processed volume. PYUSDx allows businesses and developers to create their own branded onchain tokens while using PayPal USD, or PYUSD, as the economic foundation. M0 built the platform’s programmable infrastructure, while MoonPay Digital Assets Limited handles issuance and […]
Paris Saint-Germain began their Champions League title defence with a 6-1 victory over Slovan Bratislava at the Parc des Princes on Wednesday, powered by a Ferran Torres hat-trick and two goals from Ousmane Dembélé. The French side, seeking a third successive European crown, took control before the interval and never allowed the Slovak champions to settle. Dembélé struck twice inside six first-half minutes before Torres scored his […]
Arabian Post Staff -Dubai Dubai Municipality has signed a cooperation agreement with Singapore’s BCA International after a high-level visit focused on modern building methods, green construction, digital technologies and regulatory practices that could support Dubai’s expanding built environment. The delegation, led by Director-General Marwan Ahmed bin Ghalita, concluded the official visit after meetings with government bodies, construction specialists and technology companies, alongside site inspections examining how Singapore […]
Arabian Post Staff -Dubai Mashreqbank has raised $500 million through a five-year US dollar-denominated senior unsecured bond, with the pricing spread tightened to 115 basis points over US Treasuries as investor demand supported the transaction. The Dubai-based lender completed the Regulation S offering under its $5 billion Euro Medium Term Note programme after mandating a group of international and regional banks for investor calls earlier this week. […]
Arabian Post Staff -Dubai Several US combat aircraft were damaged when Iranian ballistic missiles struck Muwaffaq Salti Air Base in Jordan, with about eight F-15 fighters sustaining light damage and returning to service, according to people familiar with the damage assessment. An A-10 Thunderbolt II attack aircraft was hit severely and left with major wing damage, the assessment indicated. The extent of repairs required for that aircraft […]
DP World and GulfCap Africa have formalised their joint venture to develop the 222-hectare Mombasa Industrial Park, advancing a major special economic zone project intended to expand manufacturing and logistics capacity on Kenya’s coast. The companies signed a Shareholders Agreement at State House in Nairobi in the presence of President William Ruto, building on a partnership announced in August. The agreement establishes the ownership framework behind the […]
By K Raveendran India has spent the past four years demonstrating that energy security can sometimes be protected by refusing to choose sides. Russian crude offered discounts when Western sanctions rearranged the global oil market, Gulf producers remained indispensable despite the new relationship with Moscow, and purchases from the United States and other distant suppliers […]
The article India’s oil cushion faces two-front squeeze amidst Trump’s tariff threat appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Apple has unveiled the iPhone Duo, its first foldable smartphone, marking the company’s entry into a category and introducing the biggest physical redesign of the iPhone since the iPhone X. The book-style device was presented on Wednesday at Apple’s product event in Cupertino, California, alongside the iPhone 18 Pro and iPhone 18 Pro Max. The Duo folds into a passport-like form and opens into a larger display […]
The Sinopec Economics & Development Research Institute said petrol and diesel would account for most of the reduction, with petrol demand projected to drop 8.7% from a year earlier to 149 million tonnes and diesel consumption to fall 11.4% to 164 million tonnes. Jet fuel demand, by contrast, is forecast to rise 1.3% to 41.55 million tonnes.
The forecast underscores a sharper structural shift in the world’s biggest crude importer, where transport electrification is steadily reducing dependence on petroleum fuels while the US-Iran war has pushed up energy prices and disrupted supplies through the Strait of Hormuz. The institute said the combination of high prices and changing transport patterns was weakening consumption across key refined products.
China’s oil demand has now declined for three straight years, according to the institute, strengthening evidence that growth in transport fuel use has peaked. The International Energy Agency has separately estimated that electric vehicles displaced about one million barrels a day of oil demand in China during 2025, roughly 15% of the road-transport demand that would otherwise have been required if the fleet had remained dominated by internal-combustion vehicles.
The IEA expects the displacement effect to deepen as the electric fleet expands, with electric vehicles in China projected to displace about 2.7 million barrels a day by 2030 under current policy settings. China already has the world’s largest stock of electric vehicles, and electrification is spreading beyond passenger cars into buses and heavy trucks, where diesel use has historically been substantial.
The IEA has said China’s transport oil consumption has flattened despite economic growth, as electric vehicles, gas-powered trucks and high-speed rail increasingly replace petroleum-based travel and freight.
The Sinopec research unit also lowered its outlook for crude processing, putting China’s 2026 refinery throughput at 697 million tonnes. Sinopec itself, the world’s largest refiner by capacity, has set a second-half oil throughput target of 113 million tonnes, broadly unchanged from the first half, according to its interim results.
Refining capacity is nevertheless expected to reach 952 million tonnes a year, equivalent to about 19.04 million barrels a day, in 2026. The research institute said tighter policy requirements and falling domestic demand would speed the closure of inefficient plants, particularly smaller and medium-sized refineries with limited product ranges.
It estimated that facilities representing 80 million to 100 million tonnes of annual refining capacity could leave the market. That would reduce national refining capacity to between 900 million and 910 million tonnes a year by the end of 2030, a contraction of as much as 5.5% from the 2026 level.
Weakness is also evident in petrochemicals. Although profits in China’s chemical industry rose by more than 50% year on year during the first seven months of 2026, the institute said apparent demand remained subdued. It forecast full-year ethylene-equivalent consumption to decline 8% because of high costs and inventory pressures.
The demand outlook has wider implications for global oil markets because China’s purchases have long been a major source of incremental consumption. Lower demand has helped restrain crude imports and limit price gains even as the conflict involving the United States and Iran has disrupted Gulf supply routes and tightened physical markets.
Brent crude climbed above $100 a barrel on Wednesday as renewed attacks raised fears of further supply losses. Yet weaker consumption in China remains an important counterweight to the supply shock, with traders weighing the effects of reduced imports against disruption across the Middle East.
Arabian Post Staff -Dubai Abu Dhabi’s International Hunting and Equestrian Exhibition ended its 23rd edition with more than 481,576 visitors over 10 days, a 27 per cent increase from 2025, setting new records for attendance, participation and exhibition scale. The event, held from August 28 to September 6 at ADNEC Centre Abu Dhabi, brought together 2,405 exhibitors and brands from 71 countries across 15 sectors. Six countries […]
US Treasury yields climbed on Wednesday as oil prices pushed above $100 a barrel, intensifying concern that higher energy costs could keep inflation elevated and persuade the Federal Reserve to raise interest rates at its September 15-16 meeting. The benchmark 10-year Treasury yield moved above 4.8%, touching its highest level since late 2023, while longer-dated yields remained under pressure as investors reassessed the inflation outlook and the […]
France has created a dedicated cyber incident response capability for government departments, strengthening the powers of the national cybersecurity agency after a major attack exposed weaknesses in the tax administration’s systems. The new mechanism, called REACTIV — short for Réponse & Action Interministérielle face aux Violations de données — was announced by the National Agency for the Security of Information Systems, or ANSSI, after Prime Minister Sébastien […]
Hunter Biden’s newly launched LAPTOP memecoin lost about 99 per cent of its value within its first hour of trading on Wednesday, turning a hypothetical $1,000 purchase near its early peak into roughly $10 as prices collapsed below $2. The token, launched on Coinbase’s Base blockchain, traded near $190 to $200 shortly after opening before plunging to below $4 within minutes and later falling under $2 on […]
Dubai’s Al Marmoom Oasis is offering visitors a four-hour Emirati cooking and Bedouin dining experience that combines hands-on food preparation with cultural activities in a desert setting. The programme, operated at Al Marmoom Desert Resort, allows participants to prepare traditional Emirati dishes under the guidance of a chef before eating the meal in a Bedouin-style lounge. Booking platforms list chicken, lamb and vegetarian options, giving visitors a […]
AMAP Platform, Alibaba’s global provider of spatial intelligence and location-based solutions, joined the conference to share its technologies and real-world applications in global location services and spatial intelligence with businesses and developers from Thailand and around the world.
At the event, AMAP Platform’s Head of Overseas Business presented the company’s global strategy for spatial intelligence and highlighted solutions across key industries, including two-wheeler mobility, logistics and delivery, and travel.
For two-wheeler mobility, AMAP Platform provides multilingual POI search, motorcycle route planning, restricted-road avoidance, ETA estimation, and navigation, helping businesses deliver smarter and more efficient mobility experiences.
For logistics and delivery, location services support key stages across the delivery lifecycle, from order planning and delivery operations to network optimization, helping businesses improve delivery efficiency and operational decision-making.
For travel, multilingual POI search, multimodal route planning, and real-time navigation support a seamless journey from destination discovery to on-the-go navigation.
AMAP Platform is also expanding spatial intelligence into a broader range of industries, including e-commerce and AIoT. Through standardized, easy-to-integrate location services, AMAP Platform enables businesses worldwide to embed mapping and spatial intelligence into their products and operations, unlocking new opportunities for business growth and AI-powered industry innovation.
Hashtag: #AMAPPlatform
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Frost & Sullivan credited TP’s ability to move AI from experimentation into live operations, which Frost identified as one of the most urgent gaps in the industry. TP applies AI across the service delivery lifecycle to help teams become productive faster and improve service quality at scale. This starts with AI-enabled recruitment and onboarding, extends into simulation-based training that helps customer experts build proficiency before handling live interactions, and continues through workforce management and AI-assisted coaching. In quality assurance, TP now reviews every transaction rather than the small sample the industry has traditionally relied on, sharpening coaching precision, compliance visibility and operational learning.
“As AI becomes embedded into customer operations, enterprises need outcome-based models that orchestrate AI and human agents to improve productivity and deliver measurable business value,” said Dave Rizzo, President and CEO, APAC, TP. “TP designs workflows that use AI to elevate human work, while linking productivity gains to the business outcomes clients want to achieve. Being named Frost & Sullivan’s Asia-Pacific Company of the Year recognizes the progress we are making in delivering that transformation for clients across the region.”
Frost & Sullivan highlighted TP’s work with a major hospitality brand in Singapore as an example of this approach in practice. The engagement went beyond operational delivery to integrate technology across legacy and modern systems, while also implementing an AI-enabled knowledge platform that delivers trusted, context-aware answers to customer inquiries across multiple operational teams and lines of business. Together, these capabilities supported a broader redesign of the service infrastructure behind a high-touch, premium customer experience. Beyond individual client engagements, TP’s operations across Asia-Pacific play a dual role in TP’s strategy as both a delivery engine and a business development engine in a high-growth demand market. Frost & Sullivan noted that TP’s regional footprint enables it to respond to different language, regulatory, cultural, and operational requirements.
“The company’s centers of excellence in Asia-Pacific contribute to the development of solutions across AI, machine learning, natural language processing, analytics, and automation. This gives the region a role beyond labor delivery. It becomes a capability engine for global transformation,” said Krishna Baidya, Vice President, ICT Practice, Frost & Sullivan.
Frost & Sullivan also highlighted TP’s approach to reframing the traditional onshore-versus-offshore debate. Across Asia-Pacific, TP supports offshore, nearshore, onshore and hybrid delivery models, using technology and local market capabilities to balance cost efficiency, service quality, language requirements and regulatory needs. This flexibility allows TP to tailor delivery models to the realities of individual markets rather than relying on a single approach.
With operations in close to 100 countries and services spanning more than 170 markets, TP combines global scale with regional delivery depth, technology and human expertise. Across Asia-Pacific, this is translating into measurable outcomes, including an agentic triage use case that reduced referral-to-booking turnaround from approximately 24 hours to minutes while improving booking conversion. The recognition reflects how TP is evolving its digital business services for the next phase of AI-enabled transformation while keeping human oversight, empathy, judgment and relationships central to the service model.
Hashtag: #TP
http://www.tp.com
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The issuer is solely responsible for the content of this announcement.
TP in Singapore is part of the TP Group, a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world’s biggest brands and their customers. The Group’s comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including high-value digital transformation services, collections and operations consulting. It also offers a range of specialized services such as interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group’s local presence allows it to be a force of good in supporting communities, clients, and the environment.
For more information: www.tp.com.
North Korea’s newly appointed defence minister has warned that Pyongyang will take strong countermeasures if the United States and its allies provoke a new military confrontation, as Washington, Seoul and Tokyo conduct their five-day Freedom Edge exercise. Kim Song-gi, appointed defence minister late last month, issued the warning in a statement carried by the Korean Central News Agency on Monday. He said the US-led exercises were creating […]
Arabian Post Staff -Dubai Dubai Multi Commodities Centre has formally brought the world’s largest silver bar into regulated tokenised investment, allowing eligible investors to buy fractional digital interests linked to the 1,971kg Guinness World Record asset. The launch makes the bar the first tokenised commodity asset issued under the DMCC-Virtual Assets Regulatory Authority tokenisation framework, advancing Dubai’s push to create regulated markets for real-world assets represented digitally. […]
Arabian Post Staff -Dubai Abu Dhabi has introduced the Gulf region’s first Digital Skills Card, giving employers and regulators a blockchain-backed way to verify professional qualifications and skills through a QR code. The Abu Dhabi Quality and Conformity Council, or QCC, launched the credential with Union Assessment and Quality Accreditation, known as UAC, on Monday. Each card is tied to a certification awarded through personnel conformity programmes […]
Arabian Post Staff -Dubai Saudi low-cost carrier flynas has agreed to acquire a 10 per cent stake in Swissport Saudi Arabia for about SAR50 million, pairing the investment with a five-year exclusive ground-handling agreement covering its network across the kingdom. The transaction, signed on September 6 and disclosed to the Saudi Exchange on Monday, also gives flynas an option to buy an additional 10 per cent of […]
Arabian Post Staff -Dubai Oman and Yemen have signed two agreements to connect the electricity grids of Dhofar and Al Mahra, opening a cross-border supply route designed to improve power reliability in eastern Yemen. The agreements, concluded in Salalah on Sunday, cover an interconnection between Oman’s Dhofar Governorate network and the grid serving Yemen’s Al Mahra Governorate. The project will initially supply Hawf and Shahn before extending […]
Construction of Abu Dhabi’s Dh6.4 billion Sphere has moved into active delivery, with piling, ground works and soil improvement under way on Yas Island. ALEC Holdings chief executive Barry Lewis said the project had advanced substantially since the contractor secured the award from the Department of Culture and Tourism – Abu Dhabi in May. AtkinsRéalis has been brought in as lead designer, permit applications have been submitted […]
Iran will announce a new restricted maritime zone near the Strait of Hormuz and sign off a shipping corridor agreed with Oman within days, according to its top national security official. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said the restricted area would begin at what Tehran calls the US Navy’s blockade line and extend into parts of the Gulf. He warned that vessels entering […]
