Arabian Post Staff -Dubai Oil prices were broadly steady above $102 a barrel on Friday as traders weighed China’s suspension of fuel exports and an expanding US military presence in the Middle East against signs that regional crude supplies were recovering. Brent crude slipped 3 cents, or 0.03%, to $102.28 a barrel by 0350 GMT after edging higher earlier in Asian trading. US West Texas Intermediate fell […]
Dubai-based flydubai has temporarily halted flights to and from Israel while authorities investigate the flight-deck altercation that forced its FZ1073 service to divert to Saudi Arabia on Wednesday. The carrier announced the suspension after passengers from the Dubai-to-Tel Aviv flight were taken onward following the emergency landing at Tabuk Airport. Flydubai said the measure was being taken in coordination with relevant authorities and would remain under review […]
By Ashok Nilakantan Ayers NEW YORK: It began as a routine flight from Dubai to Tel Aviv. Within minutes, passengers were screaming, a pilot was bleeding inside the cockpit and the aircraft was plunging thousands of feet toward the darkness below.17,000 feet reportedly. For those aboard Flydubai Flight FZ1073 on Wednesday, the question was brutally […]
The article Drama In The Skies: The Flight That Nearly Became A Catastrophe appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
The Singapore state-owned investment company said on Wednesday that the two offices, subject to statutory approvals, would operate as strategic hubs for Temasek and its portfolio companies. Some portfolio companies are expected to co-locate at the new sites, giving them a base from which to develop business and partnerships in Gulf markets.
Temasek said it sees broad opportunities in Saudi Arabia, the United Arab Emirates and Qatar. It intends to increase engagement with institutions in Qatar and other Middle Eastern markets while using the Riyadh and Abu Dhabi bases to improve access to investment opportunities across Central Asia and Africa.
“The Middle East is an important part of Temasek’s global network,” chief executive Dilhan Pillay Sandrasegara said. He cited the pace of economic transformation across the region and said its long-term fundamentals remained attractive, with strong alignment between regional priorities and Temasek’s investment focus.
Pillay said Temasek had built relationships in Saudi Arabia, the UAE and Qatar over several years through partnerships, co-investments and the activities of its portfolio companies. The planned offices represent a shift from managing those relationships remotely towards maintaining permanent teams in two of the Gulf’s principal financial and investment centres.
The expansion comes as Gulf governments continue programmes intended to diversify their economies, develop infrastructure and attract international capital. Temasek said its investment experience, global networks and partnership-led approach, together with the sector expertise of companies in its portfolio, could support opportunities created by that transformation.
Temasek said the new hubs would also give portfolio companies closer access to local partners and markets, allowing them to collaborate alongside the investor while pursuing opportunities generated by economic diversification and infrastructure spending.
Chia Song Hwee, chief executive of Temasek Global Investments, was appointed chairman for the Middle East and Africa with effect from September 1. Temasek said he would provide senior leadership and oversight for its engagement and long-term growth in the two regions.
Chia said having teams on the ground would strengthen engagement with partners and improve access to investment opportunities for Temasek and its portfolio companies. He added that the offices would allow the group to bring expertise from across its wider ecosystem into regional markets.
Ankit Khemka will remain managing director for the region and continue to lead Temasek’s strategy and expansion. The leadership arrangements put the Middle East and Africa under dedicated senior oversight as the investor increases its institutional presence beyond its established Asian, European and American locations.
The two offices will increase Temasek’s global network to 15 offices across 11 countries in 2027, from 13 offices in nine countries. Its existing locations include Singapore, Beijing, Hanoi, Mumbai, Shanghai and Shenzhen in Asia, alongside Brussels, London, Mexico City, New York, Paris, San Francisco and Washington.
Temasek’s net portfolio value reached S$518 billion for the financial year ended March 31, 2026, up from S$469 billion a year earlier. Its one-year total shareholder return was 10.5 per cent, while its 10-year and 20-year returns were 7.1 per cent and 6.8 per cent respectively.
The investor’s portfolio remains anchored in Singapore while spanning major global markets. Singapore-based portfolio companies accounted for 43 per cent of the portfolio at the end of the financial year, while direct investments in companies globally represented 38 per cent. The remaining 19 per cent was held through partnerships, funds and asset-management businesses.
Temasek has also been increasing investment activity across Europe, the Middle East and Africa. Earlier this week, it acquired a 9 per cent minority stake in the management company of Milan-based private equity group FSI and committed capital to future FSI investment vehicles targeting growing Italian companies.
Arabian Post Staff -Dubai Israel’s Transport Minister Miri Regev has called for all Flydubai flights to Israel to be suspended after a Dubai-Tel Aviv service made an emergency landing in Saudi Arabia following a serious cockpit incident on Wednesday. Regev asked Israel’s Shin Bet security service to halt the Dubai-based carrier’s operations pending an investigation into the episode and compliance with security arrangements governing its services to […]
Oman plans to more than double onshore crude storage at Duqm to 10 million barrels within three years while considering two supertankers for floating storage, strengthening capacity outside the Strait of Hormuz as Gulf producers seek alternatives to the contested waterway. State-owned energy group OQ is evaluating the purchase of two very large crude carriers, each capable of holding about 2 million barrels, Group Chief Executive Ashraf […]
Arabian Post Staff -Dubai Saudi Arabia, Turkey and Pakistan have moved to activate military coordination under their new joint defence pact after Houthi attacks on the kingdom, with Pakistan pledging to defend Saudi Arabia by “whatever means” are required. Pakistan’s Defence Minister Khawaja Muhammad Asif said Islamabad stood unequivocally behind the kingdom under the Makkah Joint Defence Agreement, though he did not say whether Pakistan had joined […]
Oil prices steadied on Wednesday as Middle East crude exports approached pre-war levels, with restored Saudi pipeline flows easing immediate supply concerns despite continuing geopolitical risks around the Strait of Hormuz. The more-active December Brent contract traded near $96 a barrel after falling 1.7% in the previous session, while US West Texas Intermediate hovered around $90. Prices later edged higher after US President Donald Trump rejected reports […]
Arabian Post Staff -Dubai Saudi Arabia’s local-currency debt market is poised to attract greater foreign participation as riyal-denominated government sukuk enter JPMorgan’s Government Bond Index-Emerging Markets series from 2027, according to Fitch Ratings. Fitch said the planned inclusion should draw additional overseas investment into a market that is already more developed than local-currency debt markets elsewhere in the Gulf Cooperation Council. Foreign investors accounted for 15% of […]
Limassol, Cyprus, September 29th, 2026.- Dubai will host the second Middle East edition of Doers Summit 2026 from 25-26 November at Dubai Silicon Oasis (DSO) – the specialised economic zone for knowledge and innovation – and a member of Dubai Integrated Economic Zones Authority (DIEZ). The summit aims to bring together founders, scaleups, investors, corporates and ecosystem leaders from around the world to unlock new business connections, […]
Mubadala Investment Company and Together AI have formed a strategic partnership to explore artificial intelligence infrastructure and ecosystem opportunities in the UAE, with the US technology company establishing a local presence in Abu Dhabi. The agreement, announced on Tuesday, will bring Together AI’s inference and research capabilities closer to customers and developers building generative AI applications across the UAE and the wider region. The partners said they […]
Arabian Post Staff -Dubai Oil prices steadied near $105 a barrel on Tuesday as Saudi Arabia restored substantial flows through its East-West pipeline, easing supply concerns while stalled US-Iran diplomacy kept a risk premium embedded in the market. Brent crude futures for November traded around $105.50 a barrel after settling at $105.28 on Monday, while US West Texas Intermediate was near $93. Prices had risen earlier as […]
Founded in 2022, Skyro has already established a strong presence in the Philippines, where it uses an AI-powered credit-scoring model designed to serve customers who may be underserved by traditional banks. Since its founding, the company has disbursed more than USD 600 million in loans, expanded its user base to more than 7 million and reached operating break-even in the first half of 2026.
Skyro plans to adapt the business model that has proven successful in the Philippines to the Malaysian market. The company enters Malaysia as the country’s consumer credit sector is undergoing significant regulatory reform, following the introduction of the Consumer Credit Act 2025 and the establishment of the Consumer Credit Commission.
Arsen Liametov, Co-founder and Co-CEO of Skyro, said:
“We use advanced AI-based scoring tools to provide convenient and intuitive credit products to people underserved by traditional banks. Our success in the Philippines gives us confidence in this approach, which we plan to adapt for other markets across Southeast Asia and beyond.”
With a population of around 35 million, Malaysia represents an important market for the expansion of digital financial services. While most of the population has access to bank accounts, consumers with limited credit histories or without verified income may find it difficult to obtain traditional bank loans. In the Philippines, Skyro uses AI and alternative data to assess creditworthiness, and it intends to apply a similar approach in Malaysia that has been adapted to local conditions and regulatory requirements.
Nasim Aliev, Co-founder and Co-CEO of Skyro, said:
“Ambitions shouldn’t have to wait. Across Southeast Asia, we see the same pattern: hardworking people are held back not by a lack of effort but by a temporary cash gap standing between them and a real opportunity. In Malaysia, we plan to develop credit products that give people a solution to this challenge while ensuring full control and transparency over their spending.”
Skyro plans to enter the Malaysian market with cash loans and intends to introduce further credit products in Malaysia over time. Skyro has also announced plans to expand into other markets, including Saudi Arabia, and to build an ecosystem of financial products.
Hashtag: #Skyro
The issuer is solely responsible for the content of this announcement.
Skyro is a high-growth, digital-first fintech group delivering scalable, responsible financial access across high-potential emerging markets. Powered by proprietary data science, AI-driven credit decisioning, and alternative-data scoring, the company combines a mobile-native experience with modular fintech architecture to serve underserved client segments at scale.
As of 2026, Skyro has a registered user base of more than 7 million and a credit portfolio exceeding USD 200 million. The company’s ambition is to become a leading full-spectrum financial services group across high-potential markets by combining capability proven at scale with a commitment to building each business around the needs of the market it serves.
https://www.skyro.io/skyro-story
Iranian officials have privately voiced doubt that Tehran and Washington can reach an agreement ending hostilities and restoring normal traffic through the Strait of Hormuz before the US midterm elections in November, even as Qatari mediators pursue indirect negotiations in New York. The pessimism follows President Donald Trump’s rejection at the weekend of Iran’s seven-day proposal for reopening the waterway and restarting negotiations. Officials familiar with Tehran’s […]
By R. Suryamurthy The most consequential question arising from Washington’s latest sanctions legislation is not whether the United States can impose a 100 percent tariff on countries buying Russian oil. It is whether India can continue to conduct an independent energy policy when access to its largest export market is increasingly being linked, directly or […]
The article India’s Russian Oil Dilemma Is Bigger Than Just 100 Percent Tariff appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
As a global player in lotus root and aquatic vegetables, Huagui has established an international commercial network. The Honghu Lotus Root brand was valued at RMB 25.861 billion in 2025, reflecting its market position. Related products reach more than 50 countries and markets and are present in retail and food conglomerates channels including Costco and Yum! Brands, the parent company of KFC and Pizza Hut. Co-headquartered in Beijing and Hubei, Huagui continues to expand sourcing, international distribution, private-label programs and cross-border supply-chain partnerships. The conference brought together the China Vegetables Association, representatives from Europe, the United States and South Korea, and international guests including a representative member from the Saudi royal family.
Alongside its commercial expansion, Huagui is strengthening its position in the biotech and superfood market. Honghu lotus root naturally contains dietary fiber, vitamin C, potassium and polyphenols. According to a report by China Merchants Securities (CMS), Honghu lotus root ranks first among major lotus-root-producing regions in antioxidant content. The report also notes that the output value of Honghu’s lotus root industry is approximately five to six times that of Jiangsu, highlighting its nutritional profile and the scale of its commercial potential across plant-based nutrition, functional foods and health applications. Huagui is also establishing bio-extraction, functional ingredients and wellness products through its biotech business.
“Our strategy is creating a global ecosystem connecting aquatic plants, aquatic animals, food, biotech and longevity,” said Melody Zhao, Executive Vice President of Huagui Group. “From natural resources to R&D, and from brand building to global shelves, Huagui is connecting China’s aquatic industries with global consumers through products, supply chains and international channels.”
Supporting this strategy is a diversified business platform built around four core sectors. Huagui Food anchors food manufacturing and supply, while Huagui Health develops functional foods, wellness products and higher-value ingredients. Huagui’s e-commerce, commodities supply-chain finance and import-export operations connect digital channels, financing, global sourcing, international trade and private-label programs under its “Buy Global, Sell Global” approach. On the aquatic-animal side, Huagui’s Fishery Joint Venture with Hubei Agricultural Development Group, a China Top 500 enterprise group, extends the platform into fisheries and large-scale open-water operations, covering approximately 666.7 million square meters of fishing and aquaculture waters.
From global food channels to superfoods, Huagui is building an integrated platform across aquatic plants and animals, creating opportunities in international food, biotech and commerce.
Hashtag: #HuaguiGroup
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai Saudi Arabia is driving a $90 billion hotel and resort development pipeline across the Gulf and North Africa, accounting for about 110,000 of nearly 200,000 rooms planned across the region, new HVS data show. The pipeline would expand the region’s existing hotel room supply by about 27 per cent, underlining the scale of investment continuing across major tourism markets despite a more selective […]
Arabian Post Staff -Dubai Microsoft plans to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, extending its cloud and artificial intelligence infrastructure while placing digital resilience at the centre of its Gulf strategy. The spending programme will cover continued infrastructure development and a broader expansion of Microsoft’s operations across the four countries, Vice Chair and President Brad Smith […]
Arabian Post Staff -Dubai Huspy has acquired Italian credit intermediary Integra Finance and committed $86 million to Italy, marking the UAE-founded property technology company’s entry into its fourth market and a stage in its European expansion. The Dubai-based company said the investment, equivalent to about AED315 million, will support plans to build a mortgage finance and real estate business in Italy by combining Integra’s distribution network with […]
By Ashok Nilakantan Ayers NEW YORK: External Affairs Minister S Jaishankar arrived at the 81st UN General Assembly with an unusually broad diplomatic canvas before him. In meetings with European, Ukrainian, Arab, Asian and other counterparts, India was simultaneously talking to countries that sit on opposite sides of some of the world’s sharpest geopolitical divides. […]
The article Jaishankar’s Speech At UNGA: Multilateralism, Not ‘Choosing Camps’ appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Gold edged higher on Tuesday as falling crude prices eased inflation concerns and reduced expectations that the US Federal Reserve would need to deliver repeated interest-rate increases. Spot bullion traded around $4,360 an ounce during Asian hours, recovering from Monday’s decline, when prices posted their biggest fall in a week. The move followed a sharp retreat in oil, which steadied after losing more than 9 per cent […]
Arabian Post Staff -Dubai Oil prices edged higher on Tuesday, snapping a four-session decline as traders balanced persistent Middle East supply risks against the possibility of diplomatic contacts between the United States and Iran during the United Nations General Assembly in New York. Brent crude futures for November rose $1.14 to $101.48 a barrel in early trading, while US West Texas Intermediate for October gained 87 cents […]
G7 foreign ministers have called on Iran to stop arming and supporting Yemen’s Houthis, warning that the group’s military operations risk widening instability across the Middle East and disrupting international trade. The ministers of Britain, Canada, France, Germany, Italy, Japan and the United States issued the demand after meeting on Monday on the sidelines of the United Nations General Assembly in New York. They condemned continuing Houthi […]
Arabian Post Staff -Dubai Visa Direct is expanding its Saudi Arabia footprint as digital money transfers accelerate, with card-based transaction volumes in the kingdom rising by more than 50 per cent year on year, according to Visa. The growth reflects stronger demand from consumers and financial institutions for faster domestic and cross-border payments, particularly remittances, as Saudi Arabia’s payments market continues shifting towards digital channels. Visa said […]
