Abu Dhabi is preparing to introduce electric seaglider services across the emirate by 2028, positioning the technology as a new pillar in its transport and tourism strategy after a multi-agency agreement signed on Friday set the framework for development, regulation and investment. The accord brings together the Department of Culture and Tourism – Abu Dhabi, the Abu Dhabi Investment Office, the Integrated Transport Centre operating as Abu […]
Arabian Post Staff -Dubai Sharjah Airport Authority has announced the launch of a new scheduled service by SpiceJet linking Ahmedabad Airport with Sharjah International Airport, expanding the airport’s international network and underscoring the growing demand for direct connectivity between the United Arab Emirates and India. The service adds capacity on a corridor that serves business travellers, tourists and families with close ties across the two regions. The […]
Arabian Post Staff -Dubai Saudi Arabia has emerged as the largest gaming market in the Middle East, accounting for about $1 billion of the region’s $2.52 billion consumer spending on video games, according to industry estimates compiled from market trackers and regional regulators. The scale of spending, combined with the highest average revenue per user in the region, underscores a structural shift in digital consumption driven by […]
A $3tn pipeline of real estate and infrastructure projects across the Middle East and Africa between 2026 and 2030 is sharpening investor focus on the region’s capacity to sustain high growth into 2026, with the UAE expected to account for a substantial share of capital deployment, according to new industry assessments. Market projections point to project cash flows of about $795bn in the UAE over the same […]
Arabian Post Staff -Dubai Jordan-based education technology company Alefredo has acquired United Kingdom tutoring firm Tutor House, marking its formal entry into the UK market and accelerating its push to build a hybrid learning platform spanning Europe, the Middle East and Africa. The deal brings Alefredo a network of more than 30,000 vetted tutors across multiple subjects and age groups, significantly expanding its reach beyond its home […]
Capital markets across the Middle East and North Africa recorded ten initial public offerings that raised a combined $1.7bn in the fourth quarter of 2025, signalling continued investor engagement despite broader market headwinds. According to the EY MENA IPO Eye Q4 2025 report, the MENA region sustained momentum in public market activity as companies across diverse sectors tapped equity markets for capital. Morocco’s Société Générale des Travaux […]
Arabian Post Staff -Dubai Abu Dhabi has opened the second round of trilateral talks bringing together delegations from Russia, Ukraine and the United States, reinforcing the UAE’s growing role as a discreet diplomatic venue for high-stakes dialogue amid a protracted conflict in Eastern Europe. The discussions, convened under the auspices of the UAE’s Ministry of Foreign Affairs, follow an initial round held earlier and are designed to […]
Arabian Post Staff -Dubai Abu Dhabi has added a new regulated player to its financial landscape with the formal launch of EmCoin, positioned as the country’s first onshore, Capital Market Authority-regulated multi-asset investment platform. The company says the platform allows investors to access crypto assets, foreign exchange, equities and other asset classes through a single, domestically licensed structure, marking a notable step in the UAE’s effort to […]
UAE-based Albatha Healthcare Group has taken a controlling stake in Insights Psychology, marking a decisive push into the country’s expanding mental health and behavioural services market. The transaction brings Insights’ multidisciplinary clinical practice, its specialist staff and operational centres under Albatha’s healthcare umbrella. The group said the acquisition aligns with its strategy to broaden service lines beyond acute and chronic physical care into community-based mental health, where […]
Arabian Post Staff -Dubai UAE and Ecuador have formalised a new layer of institutional cooperation aimed at strengthening public accountability, audit standards and anti-corruption frameworks, signing a set of memoranda of understanding that officials on both sides say are designed to translate political intent into operational coordination between oversight bodies. The agreements, concluded between the UAE Accountability Authority and Ecuador’s national audit institutions, seek to improve information-sharing, […]
Abu Dhabi National Insurance Company is preparing to establish a branch in Gujarat International Finance Tec-City, positioning the insurer among a growing list of Gulf financial firms seeking a foothold in India’s offshore financial hub and signalling a sharper international expansion strategy. The move, expected to culminate in an operational launch in the latter part of 2026, follows approval from the Central Bank of the United Arab […]
A UAE-based investment firm has acquired a 49% holding in World Liberty Financial, the cryptocurrency platform linked to Donald Trump, in a transaction that values the venture at about $500 million and places foreign capital at the heart of a politically sensitive digital-asset business. The investment, disclosed through corporate filings and confirmed by people familiar with the transaction, gives the Gulf investor a near-equal stake in a […]
Abu Dhabi’s main stock exchange and Italy’s bourse have taken a formal step towards closer capital-market integration, signalling ambitions that extend beyond headline listings to the plumbing of cross-border settlement and custody. The Abu Dhabi Securities Exchange Group, ranked among the world’s top 20 exchanges by market capitalisation, and Borsa Italiana, part of the Euronext group, signed a letter of intent during the Abu Dhabi Investment Forum […]
Dr C. J. Roy, the founder and chairman of Bengaluru-based Confident Group, died by suicide at his company office on Friday as officials from the Income Tax Department were conducting searches and questioning him, police and local authorities said. The 57-year-old was found with a gunshot wound inside his Langford Road office near Richmond Circle and was declared dead after being rushed to a hospital in HSR Layout. Authorities have launched a full investigation into the circumstances of his death, with forensic teams completing initial examinations and a post-mortem underway.
Police said staff heard a shot during the afternoon and alerted authorities, who found Roy injured in an inner room. He had reportedly been retrieving documents at the request of investigators when the incident occurred. Bengaluru Police Commissioner Seemant Kumar Singh described the case as a suspected suicide, noting that formal determinations will follow once the investigation and autopsy are complete. No suicide note has been confirmed at this stage.
The Income Tax Department’s presence at the Confident Group’s premises was part of a broad examination of financial records and compliance, which has extended over several days, according to law enforcement sources. Officers from the department were reviewing documentation linked to tax filings and other regulatory matters when Roy took his life. While some observers have drawn a link between the tax probe and his actions, senior police officials emphasised that motive has not been officially established and will be determined through detailed inquiry.
Confident Group has been a prominent name in the real estate sector for nearly two decades. Founded by Roy in 2005, the company grew from regional developments in Karnataka and Kerala to a diversified conglomerate with interests spanning residential and commercial real estate, hospitality and international ventures. The group’s portfolio included a large number of projects across southern India, and it had expanded into markets such as the UAE and the United States as part of its global strategy.
Roy, born Chiriankandath Joseph Roy and originally from Kerala, was widely recognised within Indian and international business communities. He held a PhD and had previously worked in the corporate sector before building his own enterprise into a major developer known for its ambitious projects and rapid growth. Beyond real estate, Roy was active in film production, backing several Malayalam films, and was seen as a cultural figure in his home state’s entertainment circles.
Industry analysts said the shock of his death will be felt across the real estate sector, where business leaders are already navigating a complex regulatory environment. The dual pressures of compliance with income tax requirements and ongoing litigation in tax and financial courts had placed significant strain on the leadership of Confident Group in recent months. Commentators on social media and industry platforms highlighted the need for greater support systems for executives coping with legal and financial scrutiny, although specific links between the probe and Roy’s decision are yet to be confirmed by officials.
Confident Group’s operations included a mix of residential communities, commercial complexes and mixed-use developments, with the company touting a “zero-debt” business approach that set it apart from many competitors in a sector often challenged by leveraged growth models. The firm’s international footprint, including property development in Dubai, had positioned it as a notable player in cross-border real estate development.
Family representatives and close associates have been approached by investigators as part of the inquiry, and police have indicated that statements from relatives and colleagues are being recorded to build a clearer picture of Roy’s state of mind and the events leading up to his death. As the probe continues, authorities have pledged to share further details when available.
Arabian Post Staff -Dubai A new investment cooperation pact between the United Arab Emirates and Scotland aims to widen capital flows, align priority sectors and give institutional backing to a growing commercial relationship between the Gulf state and one of the UK’s devolved governments. The Memorandum of Understanding was signed by the UAE Ministry of Investment and the Scottish Government, setting out a framework to promote two-way […]
Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, arrived in Moscow on an official visit to the Russian Federation, underscoring a phase of high-level engagement between Abu Dhabi and Moscow as both sides seek to broaden cooperation across energy, trade, technology and geopolitics. As the presidential aircraft entered Russian airspace, a formation of military jets escorted it in a ceremonial welcome, a gesture […]
Central Bank of the UAE has rolled out the region’s first biometric payment system based on facial and palm recognition, marking a significant shift in how retail transactions may be authenticated across the country. The initiative aligns with the UAE Digital Economy Strategy and the central bank’s wider effort to create a secure, inclusive and innovation-led payments ecosystem, while reducing reliance on cards, cash and mobile devices. […]
Arabian Post Staff -Dubai Property Finder has raised $170 million in fresh capital from Mubadala Investment Company alongside other UAE sovereign-backed investors, a funding round that underscores sustained confidence in the region’s digital property platforms amid shifting real estate cycles. The Dubai-headquartered company said the investment will be used to simplify the home-search experience, improve productivity tools for brokers and developers, and reinforce data accuracy, trust and […]
Arabian Post Staff -Dubai UAE-based conglomerate Al Habtoor Group said on Monday it will pursue legal action against Lebanese authorities to recover about $1.7bn in investments it says were lost during the country’s banking crisis, a move that risks complicating Beirut’s efforts to rebuild confidence among Gulf investors. The group said the losses stem from funds trapped in the Lebanese banking system after the financial meltdown that […]
Arabian Post Staff -Dubai Abu Dhabi–based energy investor XRG is deepening its engagement in one of the world’s largest liquefied natural gas export facilities, moving to acquire an additional equity interest in the Rio Grande LNG project in Texas, industry participants confirmed. The move extends XRG’s ownership beyond its earlier holding and marks a significant step in executing its global gas strategy, signalling confidence in long-term demand […]
Emirates NBD, Dubai’s largest bank by assets, posted a four per cent rise in full-year net profit on Monday, underpinned by record lending growth as borrowing demand strengthened across domestic and international markets. The lender said net profit reached 24 billion dirhams for the year, surpassing market expectations of about 22.8 billion dirhams based on analyst estimates tracked by LSEG. The performance was driven by what the […]
Arabian Post Staff -Dubai The United Arab Emirates is set to make its first appearance at the Winter Olympic Games, marking a significant expansion of the country’s sporting footprint beyond its traditional strengths in summer and indoor disciplines. The UAE has qualified to compete at the Milano Cortina 2026 Winter Olympics, scheduled for February 2026 in Italy, becoming the first Gulf nation to debut at the Winter […]
Abu Dhabi National Oil Company has become the first Emirati brand to secure a spot among the world’s 100 most valuable brands, highlighting its expanding global footprint and brand strength. The Brand Finance annual league table shows ADNOC’s brand value climbed 11 per cent year-on-year to US$21.13 billion for 2026, marking growth of more than 350 per cent since 2017 and placing it ahead of a number […]
Snowflake has rolled out its AI Data Cloud on Amazon Web Services’ UAE region, a move designed to help enterprises build and deploy artificial intelligence workloads while keeping data residency and latency requirements in check. The expansion gives organisations operating in the Gulf access to Snowflake’s platform within the AWS Middle East Region, aligning with regulatory expectations that data generated in the country can be processed locally. […]
