Arabian Post Staff -Dubai Iran has rejected French involvement in clearing mines from the Strait of Hormuz, declaring that Tehran alone will manage security operations in the strategic waterway under its memorandum of understanding with the United States. The rejection, delivered by Deputy Foreign Minister Kazem Gharibabadi, followed President Emmanuel Macron’s offer for France to work with Oman and other partners on demining and safe passage through […]
Greenlogue/AP Masdar has broken ground on a 1GW wind farm in Kazakhstan’s Zhambyl region, marking its first renewable energy development in the country and a major step in Abu Dhabi’s push to build round-the-clock clean power platforms across Central Asia. The $1.4 billion project combines utility-scale wind generation with a 600MWh battery energy storage system designed to support grid stability in southern Kazakhstan. The development is being […]
Arabian Post Staff -Dubai Abu Dhabi’s XRG and Italy’s Eni have agreed to buy minority stakes in three upstream blocks operated by YPF in Argentina’s Vaca Muerta basin, adding upstream weight to a liquefied natural gas project designed to turn the country’s shale gas reserves into large-scale export revenue. The agreements give XRG and Eni 32 per cent each in the Meseta Buena Esperanza, Aguada Villanueva and […]
A major supply-chain attack has hit ClawHub, exposing deep security gaps in the fast-growing market for AI-agent skills after scans identified 1,184 malicious packages linked to 247,693 installations. The campaign, tracked as ClawHavoc, targeted ClawHub, the official skill marketplace for OpenClaw, an open-source AI agent platform that allows users to install add-ons for tasks such as browser automation, file handling, coding support, messaging, crypto tracking and productivity […]
SYDNEY, AUSTRALIA – Media OutReach Newswire – 29 June 2026 – As sustainability requirements and operational performance expectations evolve, building performance modelling is becoming increasingly important across Australia’s construction sector. Afogreen Build, an Environmentally Sustainable Development (ESD) consultancy, has observed growing demand for integrated modelling approaches that help architects and building owners evaluate factors like energy efficiency, occupant comfort, and sustainability outcomes.
Building Performance Modelling as a Strategic Tool Integrated modelling uses computer-based simulations to predict how a building will perform even before it is constructed. By analysing factors such as energy consumption, indoor comfort, daylight access, airflow, and operational efficiency, it helps project teams understand how design decisions may affect a building’s long-term performance.
Traditionally, this approach has been used to support compliance with building regulations and sustainability certification frameworks. However, its role is expanding as project teams increasingly seek data-driven insights during the design process.
One factor contributing to this trend is the growing focus on measurable operational outcomes. Frameworks such as NABERS Commitment Agreements and Section J Performance Solutions require project teams to demonstrate expected building performance before construction begins. As a result, modelling is becoming an increasingly valuable tool for evaluating whether design targets can realistically be achieved.
The approach is already widely adopted across Australia’s construction sector. Research indicates that approximately 90% of new residential developments and 85% of non-office commercial projects now incorporate building performance modelling. At the same time, around 53% of standard projects and 49% of premium projects are using modelling primarily for compliance-based assessments.
“Modelling is increasingly viewed not just as a compliance requirement, but as a practical tool for evaluating whether design targets can realistically be achieved,” shared Erika Yuniarti, Managing Director of Afogreen Build.
Integrated Modelling Provides a Broader View of Building Performance Many project teams are also moving beyond assessments that focus on a single performance metric.
Integrated modelling evaluates multiple aspects of building performance together, including:
Energy use
Thermal comfort
Daylight access
Ventilation
Occupant experience
This approach allows stakeholders to better understand how different building systems and design decisions interact with one another.
By identifying potential issues earlier in the design process, project teams can make more informed decisions before significant design resources are committed. This can help reduce design revisions, improve overall efficiency, and provide greater confidence that performance objectives can be achieved once the building is operational.
Applications Across Multiple Sectors The growing adoption of building performance modelling can be seen across a variety of project types. Recent projects undertaken by Afogreen Build highlight how simulation-based assessments are helping project teams evaluate performance, improve design outcomes, and support sustainability objectives.
a. Large-Scale Hotel Development One project involved the transformation of a former police station site into a two-tower hotel complex with a gross floor area of approximately 25,000 sqm. The development combines a 131-room boutique luxury lifestyle hotel with a 451-room budget-friendly hotel, creating a diverse hospitality offering designed to serve different traveller segments.
To support both guest comfort and sustainability objectives, Afogreen Build conducted integrated daylight, glare, and energy modelling throughout the project. Daylight simulations showed that approximately 94% of guest rooms met daylight performance requirements, while glare assessments helped optimise visual comfort within occupied spaces.
Energy modelling indicated an overall reduction in energy consumption of 30.2% compared to baseline building performance. The analysis also identified key areas of energy use, providing valuable insights that can support future operational and system optimisation efforts.
b. Train Station Project For a train station project, Afogreen Build adopted an integrated modelling approach to evaluate factors such as daylight access, thermal comfort, glare, and natural ventilation across key passenger areas, including the concourse and platforms.
The simulations helped project stakeholders better understand how environmental conditions would affect the passenger experience throughout the day. Findings from the study informed façade design strategies, balancing natural daylight with measures to reduce excessive glare and solar heat gain in occupied spaces.
The assessments also identified opportunities to improve thermal comfort and air movement within the station, supporting a more comfortable environment for commuters while maintaining energy-efficient design principles.
c. High-Performance Data Centre Afogreen Build also applied building performance modelling to a 50 MW data centre project, where energy efficiency was a key design consideration.
The study evaluated the interaction between IT equipment, cooling systems, power distribution infrastructure, and other supporting building systems. By analysing how these components work together under operational conditions, the project team was able to gain a clearer understanding of the facility’s overall energy performance and identify opportunities for optimisation.
The modelling contributed to an optimised Category 2 Power Usage Effectiveness (PUE) range of 1.19 to 1.31, reflecting a highly efficient approach to managing energy consumption within a large-scale, energy-intensive facility.
Together, these projects demonstrate how building performance modelling can be applied across diverse sectors, each with its own operational requirements and performance priorities.
The Future of Performance-Driven Design As sustainability frameworks and performance expectations continue to evolve, Afogreen Build expects modelling to become an increasingly important part of project planning and design across a wide range of sectors.
“There is increasing emphasis on understanding how buildings are likely to perform before they are built, rather than waiting until they are operational to identify challenges,” said Ms. Erika. “The ability to evaluate performance early in the design process is becoming increasingly valuable as projects face more complex sustainability and operational requirements. The team should work closely with project stakeholders to establish realistic assumptions and evaluate likely performance outcomes from the outset. This process helps reduce unnecessary design iterations, improve modelling efficiency, and increase the likelihood of achieving targeted performance objectives. By integrating performance considerations earlier in the design process, project teams are better positioned to deliver buildings that meet both compliance requirements and long-term operational goals.”
For more information about building performance modelling and sustainability consulting services, visit Afogreen Build’s website. Hashtag: #AfogreenBuild
The issuer is solely responsible for the content of this announcement.
Afogreen Build
Afogreen Build is a building sustainability consultant in Australia specialising in sustainability advisory, environmental simulations, and performance modelling. Its services include building energy simulation, daylight analysis, thermal comfort assessments, CFD modelling, and green building certification consulting for projects across the Asia-Pacific region. The company supports project teams in designing buildings that prioritise energy efficiency, occupant comfort, and long-term.
Arabian Post Staff -Dubai Oil prices rose on Monday as renewed US-Iran military exchanges unsettled traders and slowed energy traffic through the Strait of Hormuz, reviving concerns that a fragile pause in hostilities may not hold long enough to restore normal crude flows. Brent crude futures climbed 58 cents, or 0.8 per cent, to $72.57 a barrel at 0207 GMT, while US West Texas Intermediate crude rose […]
Dubai’s financial regulator recorded another year of strong licensing activity in 2025, as the emirate’s financial centre crossed 1,000 regulated entities and Dubai rose to seventh place in the Global Financial Centres Index, its highest position to date. The Dubai Financial Services Authority licensed and registered 182 new firms during the year, a 16 per cent increase on 2024, taking the total number of regulated entities in […]
Arabian Post Staff -Dubai US Secretary of State Marco Rubio has assured Gulf Arab partners that Washington will not pursue a deal with Tehran at the expense of their security, as the Trump administration tries to build regional support for a preliminary accord aimed at ending months of confrontation with Iran. Rubio delivered the message in Manama at a meeting with Gulf Cooperation Council foreign ministers and […]
Arabian Post Staff -Dubai Energy and commodity prices have retreated after the US-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but the International Monetary Fund has warned that Gulf trade and price stability will not return immediately. IMF spokesperson Julie Kozack said in Washington that the Fund had observed a fall in energy, fertiliser and base metal prices after shipments from Gulf countries began […]
HANOI, VIETNAM – Media OutReach Newswire – 26 June 2026 – VinEnergo, a member of Vingroup’s green ecosystem, and SunAsia Energy Inc., a pioneer in the Philippine solar energy sector, have announced a strategic partnership to develop a portfolio of large-scale renewable energy projects utilizing the Solar on Stilts model. With expected lifetime revenues exceeding USD 1.5B, the projects will drive job creation, catalyze infrastructure investment, and strengthen the Philippines’ energy security.
Ms. Tetchi Capellan, Chief Executive Officer and Chairperson of SunAsia Energy (second from left), and Mr. Nguyen Anh Khoa, CEO of VinEnergo (second from right), sign the agreement between the two companies in the presence of Ms. Sharon Garin, Secretary of Energy of the Philippines, and Mr. Lai Thai Binh, Ambassador of Vietnam to the Philippines.
Between 2027 and 2028, VinEnergo and SunAsia Energy plan to bring three flagship projects into operation, with a combined installed capacity of 422MWp. These are projects located in Macabebe, Pampanga (181 MWp), Sagay (126 MWp) and Silay (115MWp), both in Negros Occidental Province.
The partnership aims to deliver reliable renewable energy to the national grid, while supporting the Philippines’ goals of strengthening energy security, reducing carbon emissions, and promoting local economic development. Once operational, the projects are expected to supply electricity to approximately 278,000 households and reduce carbon emissions by more than 460,000 tons annually, equivalent to planting around 21 million trees.
Over the next 18 months, VinEnergo will work closely with SunAsia Energy on engineering design and project implementation. This phase will include the selection of engineers, technology providers, and contractors to install nearly 700,000 solar panels mounted on pile structures, as well as approximately 62 kilometers of new transmission lines across Negros and Pampanga.
The project portfolio will utilize the Solar on Stilts technology, in which solar panels are mounted on pile-supported structures above the water surface, enabling the integration of clean power generation with aquaculture activities. This approach effectively leverages the Philippines’ strong potential for combining renewable energy development with agriculture and fisheries, while serving as a model for future sustainable energy projects. It also aligns with VinEnergo’s strategy of advancing the Food-Energy-Water Nexus to optimize resource use and create long-term value for communities.
ING and SGV & Co. acted as exclusive M&A advisors to VinEnergo and SunAsia, respectively.
Mr. Nguyen Anh Khoa, Chief Executive Officer of VinEnergo, said: “Our partnership with SunAsia Energy on this strategic project portfolio is a clear demonstration of VinEnergo’s regional growth ambitions. We are proud to bring forward solutions that combine sustainable energy development with responsible resource utilization. Floating solar not only contributes to addressing energy security challenges, but also provides a valuable opportunity to share Vietnam’s development experience in protecting local livelihoods and fostering the parallel growth of the energy and agricultural sectors.”
Ms. Tetchi Capellan, Chief Executive Officer and Chairperson of SunAsia Energy Inc., said: “This partnership is driven by the shared commitment of SunAsia Energy and VinEnergo to strengthen energy security, support economic growth, improve people’s lives, and help protect the planet. Through the Floating Solar model, we are not only developing renewable energy infrastructure but also creating a framework where food production and clean energy generation can thrive together.”
The announcement of this strategic partnership comes as the Philippines hosts the ASEAN Summit, underscoring VinEnergo’s role in advancing cross-border collaboration to address energy and climate challenges. It also marks an important milestone in VinEnergo’s international expansion strategy, while highlighting the capabilities of Vietnamese enterprises in developing pioneering renewable energy models that contribute to ASEAN’s and the world’s sustainable energy transition goals.
Hashtag: #VinEnergo #SunAsiaEnergy #SolarOnWater
The issuer is solely responsible for the content of this announcement.
About VinEnergo
VinEnergo is a leading Vietnamese energy developer focused on investing in and developing large-scale energy projects to accelerate the sustainable energy transition in Vietnam and across the region. With innovation at the core of its strategy, VinEnergo develops projects that deliver positive socio-economic impact while leading the deployment of integrated solutions that combine renewable energy, baseload power, and battery energy storage systems (BESS) to build a greener, more stable, and more reliable energy system.
About SunAsia Energy Inc.
SunAsia Energy Inc. is a Philippine renewable energy developer focused on innovative clean energy and solar solutions, including floating solar, Solar on Water, and other renewable energy projects that support the country’s clean energy transition.
As the first authorized reseller of Amazon Leo that has an APAC headquarters in Hong Kong, Pulsar will offer low Earth orbit satellite connectivity powered by Amazon Leo to commercial maritime customers to support vessel communications, crew welfare, digital solutions, and onboard operations.
HONG KONG SAR – Media OutReach Newswire – 25 June 2026 – Pulsar, a leading global mobile satellite service provider, announced an agreement with Amazon Leo, Amazon’s low Earth orbit satellite network. Under the agreement, Pulsar will serve as an authorized reseller, bringing high-performance satellite internet to maritime customers. As the first authorized reseller that has an office in Hong Kong, Pulsar will provide prompt customer support with regional expertise.
The agreement combines Amazon’s next-generation satellite technology, powered by a constellation of thousands of satellites with Pulsar’s global experience in providing mobile satellite services, enabling reliable connectivity for maritime customers operating globally in the commercial maritime industries. Amazon Leo is Amazon’s low Earth orbit satellite network, designed to provide fast, reliable satellite connectivity to customers beyond the reach of traditional networks.
“Amazon Leo will power the adoption of connected ship operations for fleet managers, the adoption of digital solutions such as optimized routing and navigation for lower cost and safer voyages, and aid crew retention through enhanced crew welfare applications,” said Robert Sakker, President & CEO of Pulsar. “High bandwidth, low latency communication solution from Amazon Leo, used together with AWS global infrastructure, will enable Pulsar to not only drive the adoption of the digital ship, but also to ensure cyber-security, giving fleet managers the confidence to move from connectivity to fully remote operations.”
Amazon Leo is designed to meet the demanding performance, reliability, and security requirements of business customers worldwide. The system provides lower latency, higher bandwidth, and broader coverage than traditional satellite solutions, enabling real-time applications, remote operations, and hybrid network architectures.
Customers will connect to the network using one of several compact, high-performance antennas: Leo Pro and Leo Ultra. Leo Ultra is the most powerful model in the line, capable of delivering download speeds of up to 1 Gbps and upload speeds of up to 400 Mbps—capacity that supports demanding enterprise applications.
Serving key industries across the globe, Pulsar will offer Amazon Leo as part of its portfolio of communications, digital solutions, cyber-security, and crew welfare applications, tailored to the needs of the industries it supports, including various maritime customers operating in remote waters.
“We are very excited to be partnering with Amazon Leo to strengthen Pulsar’s portfolio of maritime focused products, services and solutions,” added Sakker. “Amazon Leo will accelerate Pulsar’s expansion of the fleets it services, helping Pulsar’s continued growth as a leader in the global maritime sector.” Hashtag: #AmazonLeo #PulsarInternational #PulsarBeyond #SatelliteConnectivity #SatelliteNetwork #LEOSatellite
The issuer is solely responsible for the content of this announcement.
About Pulsar
Pulsar International (“Pulsar”) is a leading provider of satellite communications products and services, offering voice, data, and IoT solutions to customers in commercial maritime, Agri-tech, enterprise, and government markets. Pulsar operates across the globe, with offices located in North America, Latin America, Europe, Middle East, and Asia Pacific. Its global headquarters is in Hollywood, FL, USA. For more information about Pulsar and how we can transform your connectivity and end-to-end solutions beyond the ordinary, visit www.pulsarbeyond.com.
Arabian Post Staff -Dubai Abu Dhabi has awarded ADNOC and six international partners a major concession to develop and produce gas from the Bab Gas Cap, strengthening the emirate’s drive to expand domestic gas supply and reinforce its position in global energy markets. The concession was granted by the Supreme Council for Financial and Economic Affairs, with ADNOC taking a 60 per cent participating interest. The remaining […]
Arabian Post Staff -Dubai Ruggieri has formed a project-based collaboration with Dubai-based Novara Events Management to develop large-scale pyrotechnic and multimedia experiences for the Gulf events market, bringing together one of Europe’s oldest fireworks houses and a regional organiser targeting high-impact live productions. The agreement positions the 300-year-old French pyrotechnics specialist to deepen its presence in a market where festivals, national celebrations, destination launches, private events and […]
Safety and Shipping Review 2026: Vessel and cargo value in region shows importance of maritime chokepoints. Managing geopolitical disruptions is now a top priority for shipowners and cargo operators.
Geopolitical tensions challenge shipping’s ongoing long-term safety improvements. Incidents fell 16% to fewer than 3,000 globally in 2025, while fire remains a major loss driver with over 200 incidents, the second highest total in a decade.
More complex and volatile risk landscape enforces need for greater operational resilience versus cost efficiency.
SINGAPORE – Media OutReach Newswire – 24 June 2026 – Given that 90% of international trade is transported across oceans, maritime safety and stable shipping trading routes are critical. According to Allianz Commercial’s latest Safety and Shipping Review, incidents like the closure and reported mining of the Strait of Hormuz are the latest in a series of recent disruptions to have impacted shipping. They signal a transition toward a “new maritime order” defined by escalating security risks along strategic shipping corridors, the disruption of established trade routes, persistent uncertainty, higher risk premiums, and a greater strategic emphasis on resilience over pure cost efficiency.
In addition to geopolitical uncertainty, traditional risks for the shipping industry remain a major concern, although the numbers of total vessel losses and incidents have continued to decline in recent years. Machinery damage or failure and fires are among the main loss drivers in this regard, leading to significant economic and insured losses.
“Our analysis shows the shipping industry has made significant improvements in maritime safety in recent years. However, it has also undergone a fundamental transformation, from decades of relative stability, defined by steady trade flows and largely predictable operating conditions to becoming increasingly complex and volatile. The Middle East conflict and Strait of Hormuz closure is just the latest in a series of severe interruptions to hit shipowners and cargo operators. Resilience, geopolitics, and efficiency must be balanced in an increasingly unpredictable world, where the cost of uncertainty is reshaping the shipping industry,” explains Thomas Lillelund, CEO of Allianz Commercial.
Geopolitical uncertainty becomes top risk for shipping industry The conflict in the Middle East paralyzed the Strait of Hormuz, a critical global oil trade route. Allianz Research data shows that around 1,150 cargo-carrying vessels (over 100GT*) with an estimated vessel and cargo value of approximately $125 billion, a volume of 29 million GT, and as many as 20,000 seafarers are in the Persian Gulf waiting to resume operations following recent diplomatic breakthroughs. This underscores the structural importance of maritime chokepoints and how critical they are for shipping and international trade, while also highlighting the severe disruptions to vessel operations and mental strain that has been placed on those seafarers who have endured months on board facing the threat of attack.
Marine insurance cover has been available throughout the conflict, albeit at increased hull and cargo premiums. However, the real issue for shipowners has been more about the risk to the crew and the vessel when transiting a conflict zone, rather than pure insurance considerations. Even if the US and Iran agreement holds and the Strait of Hormuz is reopened, solid assurances of safe passage will be required, involving the international community, particularly if traffic is to return to its pre-war levels, up to as many as 140 vessels a day.
“We are seeing growing uncertainty around shipping routes. Any type of event – a conflict, pandemic or a grounded vessel blocking a key port or shipping canal – can potentially cause a major disruption to shipping and supply chains. The events in the Middle East have been more impactful than many would have expected. The closure of the Strait of Hormuz sets a dangerous precedent and raises questions around the long-term future of this and other critical chokepoints. What is becoming clear is that we have to pay a price for uncertainty, shifting from ‘just-in-time’ to ‘just-in-case’ supply chains, and prioritizing resilience over cost efficiency,” says Captain Rahul Khanna, Global Head of Marine Risk Consulting at Allianz Commercial.
Total loss and incident numbers decline despite industry headwinds The review’s latest analysis shows that there have been more than 900 total losses reported over the past decade (vessels over 100GT). Between 2016 and the end of 2020, there were 555, an average of 111 per year. This number declined to 350 between 2021 and the end of 2025, an average of 70 (37% down on the previous five-year period), reflecting the positive effect of an increased focus on safety measures over time – 43 total losses have been reported in 2025, with more than 30 of these vessels over 500GT. The South China, Indochina, Indonesia, and the Philippines region is the main loss hotspot globally over the past year, and the past decade (255). A huge volume of imports and exports flow through the region, resulting in high levels of shipping traffic, which is reflected in the number of incidents.
Around the world, the number of shipping incidents declined over the past year by around 16% (2,818 in 2025 compared to 3,353 in 2024). The East Mediterranean and Black Sea region saw the highest number (622), followed by the British Isles (619), which is also the location of the most incidents over the past decade. Machinery damage or failure was the major cause of shipping incidents globally, accounting for over half (1,505), followed by vessel collision (260). Fires on large vessels, including container ships and car carriers, remain a worry. There were more than 200 incidents on large vessels reported during 2025, down from 2024, but still the second highest total over the past decade, with at least nine total losses reported.
The increasing size of vessels is also driving a trend for a rise in general average claims, where the shipowner and cargo interests share losses or expenditure to save the whole venture in an emergency. Such claims are typically complex and large. Contributions to cover losses can be as high as 50% of the cargo value, which if a vessel is carrying a few thousand electric cars, for example, could easily be over US$100mn.
“Insurance markets react quickly to crises, but the real challenge for companies is understanding how risks are interconnected. That’s why resilience and risk management are becoming just as important as insurance coverage. The shipping industry is facing turbulent times, not only from geopolitical instability, but also from traditional hull and machinery risks, where we see claims costs continue to rise, as well as from decarbonization and fleet renewal challenges. Our role as an insurer is to support our clients as both a risk carrier and a resilience partner to mitigate risks before they become a damaging loss event,” says Justus Heinrich, Global Product Leader Marine Hull at Allianz Commercial.
Geopolitics and high demand drive trend for older vessels The average age of the global fleet increased to 23 years in 2025, up from around 20 years old just before the Covid-19 pandemic, as shipowners retain vessels for longer due to the volatile geopolitical climate. Conflict in the Middle East has seen tankers and container ships stranded and rerouted around the Cape of Good Hope, for example, resulting in longer transit times and a squeeze on existing fleet capacity.
Older vessels pose significant safety risks at sea, with vessels over 20 years old accounting for over half of all safety incidents, analysis shows. As ships age, the likelihood of incidents increases due to structural, mechanical, and technological obsolescence, creating risks for crew, cargo, and the environment.
“Shipowners are under pressure to scrap older vessels and replace them with new, more efficient, safer and compliant ships. However, the recent pushback against net zero targets and full order books at the major Asian shipyards are other factors which could ensure the average age of vessels is likely to remain elevated in the near term,” says Captain Nitin Chopra, Senior Marine Risk Consultant, Allianz Commercial.
The issuer is solely responsible for the content of this announcement.
About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17.3 billion in gross premium globally. https://commercial.allianz.com/
Abu Dhabi sovereign investor Mubadala is reviewing a potential commitment to a private equity project fund seeking to acquire control of MNC Solution, a listed South Korean defence components maker, in a deal that would deepen Gulf exposure to Seoul’s expanding weapons supply chain. The proposed investment would be made through a fund being assembled by Korea Investment & Securities Co. Partners Private Equity Division, which was […]
Arabian Post Staff -Dubai U. S. Secretary of State Marco Rubio will travel to the United Arab Emirates, Kuwait and Bahrain from June 23 to 25 as Washington moves to reassure Gulf partners over a preliminary accord with Iran that has stirred unease across the region. The visit marks the Trump administration’s most direct diplomatic push to explain the terms of the framework to close allies whose […]
United States and Iranian negotiators ended their first round of high-level talks in Switzerland on Monday with an agreement to pursue a final settlement within 60 days, easing immediate fears of a wider regional confrontation after a volatile opening shaped by threats, maritime disruption and pressure from Gulf mediators. A joint statement by Qatar and Pakistan said the two sides had accepted a roadmap for technical negotiations, […]
Apple is set to work with Intel on designing and manufacturing chips in the United States, President Donald Trump said, signalling a potential breakthrough for Intel’s foundry ambitions and a fresh shift in Washington’s effort to bring advanced semiconductor production closer to home. The announcement, made through Trump’s social media account, has not yet been publicly confirmed by either Apple or Intel. Both companies have declined to […]
Abu Dhabi National Oil Company has opened another spot crude tender, offering buyers the option to load cargoes inside the Strait of Hormuz as Gulf exporters test confidence in a shipping route still shadowed by security, insurance and transit concerns after an interim U. S.-Iran peace arrangement. The tender, issued on Friday, covers Upper Zakum, Umm Lulu and Das crude for June, July and August loading, with […]
Arabian Post Staff -Dubai Iran’s Strait of Hormuz regulator has suspended planned transit charges for 60 days, easing immediate pressure on shipowners as Tehran and Washington enter a negotiation window under a memorandum of understanding signed this week. The Persian Gulf Strait Authority said on Friday that vessels seeking passage through the waterway must submit transit requests at least 48 hours before arrival while the interim arrangement […]
Dubai’s main commodities exchange is preparing to launch a same-day settlement gold contract on Monday, seeking to strengthen the emirate’s role in bullion trading as investors, dealers and refineries demand faster execution, tighter price certainty and reliable access to physical delivery. The Dubai Gold and Commodities Exchange, part of Dubai Multi Commodities Centre, will introduce the Gold Spot T+0 Contract for bullion dealers, refineries, brokers, clearing members […]
By R. Suryamurthy India’s economy is supposedly doing remarkably well. Growth remains among the fastest in the world. Stock markets continue to flirt with record highs. Billionaires are multiplying. Airports are expanding. Bullet trains are advancing. Defence exports are reaching new milestones. The nation is speaking confidently about becoming a $10 trillion economy and a […]
Washington and Tehran have published the text of an interim agreement signed by their presidents to halt a wider Middle East war, even as President Donald Trump warned that the United States could resume strikes and target Iranian officials if Tehran failed to meet its commitments. The 14-point memorandum, signed on Wednesday by Trump and President Masoud Pezeshkian, extends an earlier ceasefire for 60 days and opens […]
Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military technology and a wider export drive by Europe’s defence manufacturers. The venture, detailed at a Paris event on Wednesday, is expected to begin operations with contracts already […]
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