Arabian Post Staff India’s Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries with an investment outlay of US$10 billion (Dh3.7 billion) at Al Ghail Industrial Area in Ras Al Khaimah, UAE, in the next five years. Rana Group has recently signed an agreement with Ras Al Khaimah Economic Zones (RAKEZ) to acquire the license and the industrial plots […]
BEIJING, CHINA – Media OutReach Newswire – 15 September 2025 – In Shougang Park, a former ironworks site in western Beijing, new technologies from AI to cloud computing and green innovation are on display amid the rusty blast furnaces and steel relics. The 2025 China International Fair for Trade in Services (CIFTIS), featuring digital innovation and intelligent technologies, is underway in the park, gathering nearly 2,000 enterprises, […]
Ubisoft employees have challenged company leadership about a possible funding partnership with Saudi Arabia tied to new downloadable content for Assassin’s Creed Mirage. Management insists it retains full creative control, but internal concerns focus on ethical and reputational risks. Workers from Ubisoft’s Social and Economic Committee posed questions after the announcement of a free expansion set in AlUla, historically significant as a UNESCO World Heritage site now […]
OpenAI will purchase approximately $300 billion worth of cloud computing capacity from Oracle over a five-year period beginning in 2027, according to statements from the companies and industry analysts. The deal is among the largest ever in the cloud infrastructure sector, and is intertwined with OpenAI and Oracle’s joint Stargate initiative. The agreement requires Oracle to supply 4.5 gigawatts of power-capacity for the data centres that will […]
Frontline medical residents in Nigeria launched a five-day warning strike on Friday, demanding unpaid allowances, salary arrears and better welfare. The strike, ordered by the National Association of Resident Doctors, is a response to what the doctors call government inaction on long-standing financial and professional concerns. NARD Secretary-General Dr. Oluwasola Odunbaku confirmed that work stopped at 8 a. m. across federal and state hospitals. The association insists […]
Eshraq Investments has struck sale and purchase agreements totalling AED 264 million with Blue Lake Properties and Al Ain Properties to dispose of several land plots on Al Reem Island. The move forms part of its strategy to monetise land holdings and respond to mounting financial losses.
The sale takes place in prime zones of Al Reem Island adjacent to Al Maryah Island and inside the jurisdiction of the Abu Dhabi Global Market, locations particularly attractive to developers seeking centrality and regulatory stability. The agreements bolster Eshraq’s land monetisation drive, which has become a priority as the company seeks to improve its financial footing.
Financial filings show that accumulated losses for the first half of 2025 reached AED 484.85 million, equal to 18.05% of Eshraq’s capital. That marks an improvement from a loss of AED 526.55 million at the end of 2024, helped by gains from independent valuations of assets held by Goldilocks Investments, which rose by AED 55.14 million during the same period.
Goldilocks, a key non-core investment, had its net investment value boosted to AED 827.70 million as at 30 June 2025, up from AED 772.56 million in December 2024, offering some cushion against Eshraq’s operating losses.
In its first quarter of 2025, Eshraq reported a net loss of AED 27.03 million, a sharp decline from AED 306.05 million in the same period of 2024. Revenue across its portfolio has faltered, prompting management to accelerate the disposal or development of under-utilised land.
Industry observers note that investor appetite for Al Reem Island remains strong, driven by its proximity to key business hubs, relatively favourable regulatory environment, and demand for residential and mixed‐use projects. The sale with Blue Lake and Al Ain Properties underscores that even amidst financial pressure, prime real estate in central Abu Dhabi retains market confidence.
HONG KONG SAR – Media OutReach Newswire – 12 September 2025 – The 10th edition of the Belt and Road Summit in Hong Kong (September 10-11) gathered about 6 200 high-profile participants from governments, international organisations, companies and the global media to celebrate a decade of achievements in promoting the Belt and Road Initiative (B&RI). Jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and […]
A senior Tesla engineer has resigned, accusing Chief Executive Elon Musk of leading with what he describes as “seriously compromised” leadership. He claims the company’s mission and integrity are being undermined, citing concerns about dishonesty, manipulation of public discourse and support for climate change denial. Giorgio Balestrieri, who had spent eight years at Tesla and worked on the company’s European energy trading algorithms—specifically the Autobidder platform that […]
Discussions between Washington and New Delhi are said to have reached a critical stage, with US officials making India’s cessation of buying Russian oil a central condition for sealing a bilateral trade agreement. Ambassador-nominee Sergio Gor, during his Senate Foreign Relations Committee hearing, stated that the two sides are “not that far apart” and are now negotiating “the nitty-gritty” of deal terms. He added that ending oil purchases from Russia is one of the Trump administration’s highest priorities. Those talks are expected to involve India’s trade and commerce ministers in Washington next week.
Commerce Secretary Howard Lutnick echoed Gor’s position in an interview, saying the US will resolve trade barriers with India once India stops purchasing Russian oil. The US has imposed a 50% tariff on certain Indian goods, partly as a penalty tied to India’s energy imports from Russia, while insisting that market openness and reciprocal concessions are essential.
India’s leadership has defended its energy procurement strategy as aligned with national interests, citing economic factors and global market conditions. Finance Minister Nirmala Sitharaman reaffirmed that New Delhi intends to continue buying Russian crude, describing it as a practical choice given price and supply stability. She referenced the high import dependency for energy and refined fuels and argued that decisions about suppliers are driven by utility and cost.
Diplomatic signals suggest that the trade impasse stems from more than tariffs and oil. Gor characterised previous delays as “hiccups” and praised the personal rapport between President Donald Trump and Prime Minister Narendra Modi as playing a pivotal role in reopening the dialogue. He noted shared strategic goals, including countering Chinese influence, enhancing regional stability, and expanding cooperation in defence and infrastructure.
Analysts warn that making the Russian oil condition a non-negotiable requirement may limit India’s flexibility. New Delhi has maintained that certain sectors — agriculture, dairy, small producers — cannot absorb full opening of its markets without harming domestic stakeholders. As US pressure mounts through tariffs and public statements, India seeks assurances about trade access, particularly for its exports, while preserving sovereign control over energy policy.
Wynn Resorts and its partners have earmarked land for a potential second integrated resort in Ras Al Khaimah, signaling long-term ambitions for expanding its gambling and hospitality footprint in the UAE. Under a shareholders’ agreement signed on 21 June 2024, Wynn, RAK Hospitality Holding and Al Marjan Island LLC designated multiple development plots on Al Marjan Island beyond their main Wynn Al Marjan Island project. The “Second […]
A consortium led by BlackRock’s Global Infrastructure Partners is negotiating with lenders to secure up to US$10.3 billion in debt for its infrastructure agreement with Saudi Aramco over the Jafurah gas processing project. Key banks engaged include JPMorgan and Sumitomo Mitsui Banking Corporation, with the loan set to be structured in both short‐term and long‐term tranches. Under this arrangement, a newly formed subsidiary named Jafurah Midstream Gas […]
HONG KONG SAR – Media OutReach Newswire – 10 September 2025 – On the occasion of the 100-day countdown to the island-wide independent customs operation of the Hainan Free Trade Port (Hainan FTZ), the Hainan FTZ Promotion Conference and Policy Interpretation Conference themed “Hainan-Hong Kong Cooperation for a Win-win Future” was organized at the Hong Kong Convention and Exhibition Center on September 9th. On September 9th, stakeholders […]
NMDC Group PJSC and ADNOC Logistics and Services Plc forged a three-year agreement today to assess joint delivery of maritime services for offshore projects, reinforcing their partnership in Abu Dhabi’s energy infrastructure.
The agreement, signed by Engineer Yasser Zaghloul, Group Chief Executive of NMDC Group, and Captain Abdulkareem Al Masabi, Chief Executive of ADNOC L&S, at NMDC’s headquarters, lays the groundwork for a stronger framework for offshore EPC collaboration. It covers marine services and integrated logistics, signalling both organisations’ dedication to supporting the emirate’s offshore energy operations. This expanded collaboration reaffirms the offshore maritime services pact strengthening cooperation between the two groups.
Zaghloul highlighted NMDC Group’s five decades of expertise in multi-sector marine engineering, procurement, construction delivery and complex project logistics. He underscored that the launch of NMDC LTS, the group’s latest business unit, allows the market to leverage these capabilities. He praised ADNOC L&S for its leadership in offshore energy support and hydrocarbon logistics, pointing out that both entities operate some of the region’s largest marine fleets. He said the pact would “ensure a robust framework between our two powerhouse organisations” to drive synergies, market differentiation and value growth, ultimately fortifying the industrial marine sector in Abu Dhabi and beyond.
Captain Al Masabi said the collaboration aligns with ADNOC L&S’s long-term ambition to deliver top-tier, integrated logistics that underpin the UAE’s offshore energy expansion. He commented that combining strengths with NMDC would unlock new opportunities, deliver value to ADNOC, its shareholders and clients, and support the UAE’s broader economic development.
Splash247 noted that the pact establishes an “expanded framework for continued collaboration on offshore EPC projects in Abu Dhabi,” emphasising its role in promoting synergies and value growth. It also highlighted ADNOC L&S’s aim to enhance performance through such partnerships.
This development follows earlier significant milestones and investments by NMDC that demonstrate its pivotal role in regional marine and energy infrastructure. In 2024, NMDC secured a contract worth more than US$200 million from ADNOC for marine dredging works in the Ruwais LNG Project, involving removal of approximately 15 million cubic-metres across a five-kilometre channel and installation of navigational aids. NMDC also launched the NMDC LTS unit as part of efforts to diversify into logistics and technical services, reinforcing its leadership in the UAE’s marine EPC, dredging, and logistics sectors.
Ethiopia has officially inaugurated the Grand Ethiopian Renaissance Dam, now Africa’s largest hydroelectric facility, signalling both a landmark in national development and renewed geopolitical strain along the Nile. The $5 billion project, capable of generating up to 5,150 MW, has launched with two turbines delivering about 750 MW, with full capacity yet to come online. The dam’s reservoir, now named Nigat Lake—meaning “Lake of Dawn”—floods an area […]
By Nitya Chakraborty Is the Prime Minister Narendra Modi retracting from his commitment to the SCO declaration issued on September 1 and the BRICS statement of July 6 this year to send some sort of signals to US President Donald Trump about restoring reciprocity in the India-US relations? The question is very relevant as one […]
Passenger traffic at airports across the UAE surpassed one billion between 2015 and 2024, with aircraft movements exceeding 6.4 million during the same interval, driven by strategic planning and expansion across the aviation sector, the Federal Competitiveness and Statistics Centre reported. The country also emerged as the global leader in air transport quality and ranked among the top ten worldwide across five additional air performance indicators, underlining its position as a premier aviation hub.
Data from the Centre reveal that annual passenger numbers climbed from 114.8 million in 2015 to 147.8 million in 2024, marking the underlying foundation for cumulative traffic exceeding one billion passengers. Meanwhile, aircraft movements rose sharply, culminating in more than 800,000 operations in 2024 and taking the ten-year total past 6.4 million flights.
These gains coincide with the UAE’s top global ranking in air transport quality and inclusion among the top ten in five further air-related indicators, as noted in the Centre’s analysis.
The escalation of aviation activity reflects the UAE’s broader aviation transformation. The General Civil Aviation Authority emphasises that the UAE now operates a dense, globally connected network, with twelve certified airports, 100 heliports, and a web of bilateral air agreements linking to over 300 destinations worldwide. In 2024 alone, the UAE recorded over one million air traffic movements and continued to lead globally in international passenger traffic and seat capacity.
Dubai International Airport remained the busiest airport globally for international passengers in 2024, registering more than 92 million passengers and 440,000 aircraft movements, and handling 2.2 million tonnes of cargo.
Abu Dhabi’s Zayed International Airport, renamed in February 2024, handled nearly 29.5 million passengers and recorded 249,747 aircraft movements, reinforcing the dominance of UAE airports in the regional aviation landscape.
These milestones underscore how UAE aviation achieves unprecedented growth, advancing capacity, connectivity and performance standards to global leadership.
The Federal Competitiveness and Statistics Centre attributes these successes to forward-looking directives and investment, positioning the aviation sector as a cornerstone of economic sustainability. The enhancements bolster not only passenger and cargo mobility but also broader economic diversification goals, tourism development, and the UAE’s growing prominence as a global transport hub.
Kenya Tourism Board has entered a strategic alliance with Visa that marks a bold new chapter for the nation’s tourism sector. The agreement gives the board access to Visa’s Government Insights Hub—a data analytics platform offering detailed information on travel patterns, spending behaviour, peak seasons and regional preferences. This will support sharper marketing efforts, more efficient payment systems and increased cross-border and domestic travel expenditure. The campaign’s […]
By Nantoo Banerjee One’s pain could be another’s gain. The phrase aptly describes those big business gainers across the world out of the three-and-a-half-year-old Russia-Ukraine war, killing thousands of soldiers and civilians on both sides. The list of such gainers may be short but very impressive. They include some of the giant US defence manufacturers […]Dubai is witnessing a sharp rise in gold-driven fortunes as long-established Indian entrepreneurs reshape its jewellery sector. Titan Company, known for its Tanishq brand, will acquire 67 per cent of Damas, a leading luxury jewellery retailer with some 146 outlets across the Gulf, for 1.04 billion dirhams, in a deal expected to close by 31 January 2026. This bold expansion markedly strengthens Titan’s foothold under its emerging […]
Egypt and Sudan insist that discussions surrounding the Grand Ethiopian Renaissance Dam must remain confined to the three riparian countries—rejecting calls to broaden the talks to include other Nile Basin nations. The two have signalled mounting concern over Ethiopia’s unilateral conduct, describing the situation as a “continuous threat to stability in the Eastern Nile Basin.” They warned that Ethiopia’s steps to fill and operate the dam could […]
European leaders face mounting urgency to address critical deficiencies in their defence structures as uncertainty surrounds the reliability of U. S. backing. Many capitals hold onto hope that Donald Trump will honour his pledged security guarantees for Ukraine, even though concrete commitments remain vague. Europe’s Defence Gaps Expose Growing Reliance on U. S. Support captures the mounting tension between Europe’s persistent reliance and its growing intent to […]
Anthropic has agreed to pay US $1.5 billion to settle a class-action lawsuit filed by several authors who alleged the company illegally downloaded and stored pirated copies of their books to train its AI chatbot Claude. A federal court filing has been submitted to U. S. District Judge William Alsup in San Francisco, who is scheduled to review the agreement. If approved, the payout will likely represent […]
BERLIN, GERMANY – Media OutReach Newswire – 5 September 2025 – The Internationale Funkausstellung (IFA), the world’s leading trade show for consumer electronics and home appliances, kicked off on September 5 in Berlin. At this year’s event, Changhong drew global attention with the debut of its panda-themed smart appliances, a strategic new partnership in winter sports, and a compelling demonstration of ESG initiatives, all underscoring the brand’s […]
