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Arabian Post Staff -Dubai Abu Dhabi-based Shorooq and Presight have invested in Maven Robotics as part of the US industrial robotics company’s $100 million Series A financing round. The investment was made through the Presight–Shorooq AI and Bedaya funds managed by Shorooq, the companies said. RoboStrategy, LocalGlobe, Vine Ventures and XTX Ventures also participated in the financing, which Maven announced earlier this month. The individual commitments from […]

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 […]

Arabian Post Staff -Dubai Majid Al Futtaim has opened ELMNT33° at Mall of Egypt, investing EGP457 million in a new dining, lifestyle and co-working destination as the Dubai-based group broadens its footprint in Egypt. The 5,250-square-metre development brings restaurants and cafés together with lifestyle offerings and flexible workspaces at the mall in 6th of October City. The company said the concept is intended to extend the role […]

Arabian Post Staff -Dubai Unilever Egypt has commissioned a new Sunsilk shampoo production line at its Mashreq Personal Care factory in 6th of October City, raising the plant’s annual production capacity by 20% and directing the additional output entirely to export markets. The line is the 13th at the factory and forms part of the consumer goods group’s expansion of manufacturing in Egypt. The facility currently sends […]

Arabian Post Staff -Dubai Israeli Prime Minister Benjamin Netanyahu travelled to Abu Dhabi on Sunday for an unannounced meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, according to a senior Israeli official, while neither government disclosed details of the talks. Netanyahu flew to the UAE capital aboard a private aircraft and remained there for four hours before returning to Israel that evening. Flight details cited […]

Arabian Post Staff -Dubai Iran maintained its conditions for reopening the Strait of Hormuz under a seven-day plan on Sunday, as US President Donald Trump rejected Tehran’s terms but said he expected negotiations to resume this week. Iranian Foreign Minister Abbas Araghchi said Tehran would not dilute demands tied to reopening the strategic waterway, while insisting diplomacy remained possible. Iran is awaiting a definitive US response through […]

Arabian Post Staff -Dubai Sharjah Islamic Bank has completed a $500 million five-year sukuk after attracting $1.3 billion of orders, giving the Sharia-compliant lender demand equal to 2.6 times the issue size. The sukuk was priced at a final yield and periodic distribution rate of 5.85 per cent, equivalent to a spread of 105 basis points over five-year US Treasuries. The transaction was priced at par and […]

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Arabian Post Staff -Dubai Huawei is making its first appearance at the Egypt Mining Forum on Monday, presenting digital-power and clean-energy technologies aimed at improving the reliability, efficiency and sustainability of mining operations. The company is participating in the fifth edition of the two-day forum, which opens on September 28 at the St Regis New Capital in Cairo under the patronage of President Abdel Fattah El-Sisi. Egypt’s […]

Arabian Post Staff -Dubai The UAE’s ambassador to Uzbekistan has received a joint delegation from the Emirates Scholar Center for Research and Studies and the Islamic World Educational, Scientific and Cultural Organization, with talks focusing on expanding academic, cultural and research cooperation with Uzbek institutions. Dr Saeed Matar Al Qamzi hosted the delegation at the UAE Embassy in Tashkent during its visit to Uzbekistan, the Emirates Scholar […]

Arabian Post Staff -Dubai Young delegates have presented the outcomes of the inaugural Young Voices for Justice Youth Forum to the UAE Ministry of Justice as the 15th United Nations Congress on Crime Prevention and Criminal Justice opened in Abu Dhabi. The handover on Saturday placed youth recommendations before the six-day UN gathering after 62 young people from around the world spent two days developing proposals on […]

Arabian Post Staff -Dubai Microsoft has refreshed its compact Surface Pro 12-inch and Surface Laptop 13-inch with Qualcomm’s Snapdragon X2 Plus processor, raising performance and local artificial-intelligence capacity while keeping the existing lightweight designs. The devices, announced at Qualcomm’s Snapdragon Summit, will go on sale in selected markets on October 13. The Surface Pro 12-inch starts at $1,149.99, while the Surface Laptop 13-inch starts at $1,199, placing […]

Arabian Post Staff -Dubai Iran has floated a plan to dilute and transfer its stockpile of uranium enriched to 60 per cent to a third country, as Tehran seeks to break a diplomatic deadlock with the United States and secure a phased reopening of the Strait of Hormuz. People familiar with Iran’s position said the proposal would involve first reducing the enrichment level of the material and […]

Arabian Post Staff -Dubai Iran has presented the United States with a proposed regional ceasefire framework that would halt attacks on Arab states, gradually reopen the Strait of Hormuz and set a timetable for broader negotiations aimed at ending the conflict, according to officials briefed on the diplomatic effort. The proposal, conveyed during talks around the United Nations General Assembly in New York, envisages a ceasefire lasting […]

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 Turkish Airlines has finalised an agreement with Boeing for up to 150 737 MAX aircraft, securing 100 firm 737-8 orders and options for 50 more jets in its largest single-aisle purchase from the US manufacturer. The agreement, announced on Wednesday, concludes negotiations that began in 2025 and gives the carrier substitution rights allowing some of the additional aircraft to be converted to the […]

Arabian Post Staff -Dubai Morgan Stanley has moved to contain the fallout from an accidental disclosure of a confidential investment-banking deal list, with regulators and market participants assessing the implications of the breach. The document, sent by email from Hong Kong on Tuesday, contained details of more than 100 transactions the bank was pitching, monitoring or discussing across Asia and some other regions. It included prospective initial […]

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 Abu Dhabi-listed MAIR Group has agreed to acquire a 70 per cent stake in Eslab, owner of Turkish-origin specialty coffee chain Espressolab, marking the investment group’s first international acquisition since its stock-market listing. The company said it had signed a share purchase agreement for 70 per cent of Eslab’s issued share capital. Eslab’s founders and existing shareholders will retain the remaining 30 per […]

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 […]

Arabian Post Staff -Dubai Dubai Run will return to Sheikh Zayed Road on November 22, turning one of the UAE’s busiest highways into a car-free running course as part of the 2026 Dubai Fitness Challenge. The seventh edition of the mass participation event is scheduled to start at 6.30am and will again offer two distances, with organisers opening the run to people of all ages and fitness […]

Arabian Post Staff -Dubai New World Development Co. and Abu Dhabi Investment Authority are in talks with Singapore’s UOL Group Ltd. over a potential sale of the Hyatt Regency Hong Kong, Tsim Sha Tsui, in a transaction that could value the hotel at about HK$3 billion. New World is discussing the disposal of its 50% interest in the property, while Abu Dhabi Investment Authority, or ADIA, is […]

Arabian Post Staff -Dubai Lending growth at the UAE’s 10 largest listed banks slowed in the second quarter of 2026 as regional disruption from the US-Iran conflict intensified, while profitability and asset quality remained broadly resilient. Net loans and advances increased 4.2 per cent from the previous quarter, down from about 5.8 per cent in the first three months of the year, according to the latest UAE […]

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 […]

Arabian Post Staff -Dubai RcrutAI has expanded its Panther real estate intelligence platform into commercial and mixed-use development, adding tools for site analysis, tenant planning, parking demand, pricing and project feasibility. The Cairo-based artificial intelligence company announced the move on September 21, extending a platform that was initially built to support residential development decisions. RcrutAI said the new commercial capabilities are intended to connect decisions that developers […]

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