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Arabian Post Staff -Dubai Qatar Investment Authority has backed autonomous trucking company Gatik in a $200 million funding round aimed at expanding driverless freight operations across major North American supply chains. The Series D financing was co-led by QIA and Koch Disruptive Technologies, with Millennium Management, ARK Invest, Intact Private Capital and Arca Continental among the other participants. Gatik plans to use the capital to expand its […]

Arabian Post Staff -Dubai Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani is travelling to Tehran on Thursday for talks aimed at lowering regional tensions and reopening a diplomatic channel between Iran and the United States. Sheikh Mohammed, who also serves as Foreign Minister, is expected to meet senior Iranian officials and discuss steps that could reduce the risk of further escalation. Doha has […]

Arabian Post Staff -Dubai US allies believe mines remain in the Strait of Hormuz despite President Donald Trump’s declaration that American forces have cleared the strategic waterway, exposing a widening difference over the security of one of the world’s most important energy corridors. Allied assessments indicate that US forces have removed or destroyed some Iranian mines in international waters but have probably not eliminated the entire threat. […]

Arabian Post Staff -Dubai Dubai International Airport’s passenger recovery accelerated through the second quarter, with traffic climbing month by month as airlines restored capacity and international connections began returning after severe disruption to Gulf aviation earlier this year. DXB handled 13 million passengers between April and June. Monthly volumes increased from 3.5 million in April to 4.5 million in May and 5 million in June, a rise […]

Arabian Post Staff -Dubai WETEX 2026 will give greater prominence to advanced water technologies as Dubai seeks to strengthen water security, expand efficient desalination and accelerate the use of artificial intelligence in utility networks. The 28th Water, Energy, Technology and Environment Exhibition, organised by Dubai Electricity and Water Authority, will run from 20 to 22 October at the Dubai World Trade Centre. The exhibition is being held […]

Arabian Post Staff -Dubai Iran and Oman have moved towards a temporary arrangement to restore safer commercial shipping through the Strait of Hormuz, proposing a jointly managed navigation corridor and mine-clearing operation while negotiations continue on a permanent system for the strategic waterway. Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed the phased framework during talks in Tehran on Tuesday, August 25. The proposal […]

Arabian Post Staff -Dubai Abu Dhabi Islamic Bank’s board has approved plans to raise up to Dh1.75 billion through a rights issue, strengthening its capital base as the lender pursues faster expansion under its Vision 2035 strategy. The proposed transaction will involve the issuance of as many as 106.38 million new ordinary shares at Dh16.45 each. The subscription price represents a discount of about 28.8 per cent […]

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Arabian Post Staff -Dubai Dubai’s Museum of the Future will close temporarily from September 1 as it begins its most extensive transformation since opening, replacing its main exhibitions with a new generation of immersive experiences scheduled to debut in early 2027. The landmark attraction has urged visitors to see its existing exhibitions before the end of August, bringing forward an earlier indication that the current visitor experience […]

Arabian Post Staff -Dubai France and Saudi Arabia have unveiled a €6 billion leisure development near Paris that is expected to include three theme parks, with a flagship attraction built around the Dragon Ball manga and anime universe. The project will be developed around Cergy-Pontoise, about 30 kilometres northwest of the French capital, and is expected to create about 22,000 direct jobs. Qiddiya Investment Company, the Saudi […]

Arabian Post Staff -Dubai Saudi Aramco has signed agreements with French companies carrying a potential combined value of more than $3.7 billion, expanding cooperation in drilling equipment, specialised oilfield products and industrial artificial intelligence. The agreements were announced during a Saudi-French investment roundtable in Paris on Monday, August 24, attended by Aramco president and chief executive Amin H. Nasser. They form part of a broader push by […]

Arabian Post Staff -Dubai Formula One remains committed to ending its 2026 championship in Abu Dhabi, with chief executive Stefano Domenicali saying the scheduled December finale at Yas Marina Circuit remains firmly on the calendar. Domenicali moved to ease uncertainty surrounding the final Middle East rounds during the Dutch Grand Prix weekend at Zandvoort. He said preparations for Abu Dhabi were progressing well and Formula One remained […]

Arabian Post Staff -Dubai ADNOC Distribution has agreed to bring South Africa’s Reatile Group into its planned acquisition of Shell Downstream South Africa, giving the local energy investor a minority interest after the $1 billion takeover is completed. The two companies signed a long-term Broad-Based Black Economic Empowerment agreement on August 20, advancing the ownership structure for ADNOC Distribution’s entry into South Africa’s fuel retail market. The […]

Commodity Futures Trading Commission Chairman Michael S. Selig has instructed agency staff to prepare a regulatory framework for cryptocurrency markets that could be advanced if Congress fails to enact the Clarity Act, signalling that the regulator will not allow the legislative impasse to leave digital assets without clearer rules. Selig outlined the approach on Thursday as the CFTC convened the inaugural meeting of its Innovation Advisory Committee […]

Arabian Post Staff -Dubai GEMS Education students have delivered another strong set of GCSE and IGCSE results, with 30 per cent of entries securing the highest 9-8/A grades and almost half reaching the 9-7/A-A benchmark across 23 non-selective schools. More than 4,250 students received results covering nearly 30,000 subject entries, with 48 per cent awarded grades 9-7/A*-A. The group recorded 4,177 Grade 9 awards, the highest grade […]

Arabian Post Staff -Dubai Gulf states have intensified diplomatic efforts to break the Iran impasse, with Qatar and Oman seeking an interim arrangement that could restore commercial shipping through the Strait of Hormuz and prevent another escalation across the region. Qatar is mediating between Tehran and Washington while working alongside Oman on a temporary solution for the strategic waterway. The initiative has gained urgency as commercial traffic […]

Arabian Post Staff -Dubai Dubai’s landmark Toyota Building on Sheikh Zayed Road is set to be demolished in 2027, ending more than half a century as one of the city’s most familiar visual reference points. Officially named the Nasser Rashid Lootah Building, the 15-storey property is being progressively cleared ahead of demolition. Residents holding valid rental contracts can remain until December 2026, while other occupants have already […]

Arabian Post Staff -Dubai Six armed men have seized control of a product tanker in the Gulf of Aden off Yemen and diverted the vessel towards Somalia, raising fresh concern over a resurgence of piracy along one of the world’s most important shipping corridors. The tanker, identified as Sibu 1 and also known by its former name Seamull, was travelling west when it reported that an unauthorised […]

Arabian Post Staff -Dubai Investcorp has acquired 20Cube 3PL Solutions for about ₹500 crore, strengthening the Bahrain-based alternative investment firm’s position in India’s expanding contract logistics market. The transaction gives Investcorp control of 20Cube’s domestic contract logistics operations while its founders, Anand Seetharaman and Ranjan Kedia, will continue to lead the business. The partnership plans to expand the company’s warehousing network, broaden its services and pursue acquisitions […]

Arabian Post Staff -Dubai Galva Hub Metal Coating is moving towards commissioning one of the UAE’s biggest hot-dip galvanising facilities after receiving 825 tonnes of zinc at its plant within Metal Park in Khalifa Economic Zones Abu Dhabi. The zinc delivery represents a key step before the large galvanising kettle can enter commercial operation. The metal will be melted inside the facility’s main processing bath, allowing Galva […]

Arabian Post Staff -Dubai Abu Dhabi National Oil Company has launched its ninth spot crude tender since the beginning of June, extending an unusually active sales campaign as the company seeks to keep supplies moving despite severe disruption around the Strait of Hormuz. The latest tender offers Upper Zakum, Umm Lulu and Das crude for loading in October and November. Bids are due by August 24 and […]

Arabian Post Staff -Dubai Dubai’s tourism sector is poised for a stronger final quarter of 2026 as international airlines restore services and additional capacity, providing a critical boost to hotel demand ahead of the winter travel season. The improvement in air connectivity is expected to lift hotel occupancy after a difficult first half marked by disruption to regional aviation and weaker international arrivals. Emirates has restored about […]

Arabian Post Staff -Dubai CodeRabbit has raised $143 million in Series C funding at a $1.5 billion valuation, giving the AI code-review company fresh capital to expand into software governance, security and international markets. The San Francisco-headquartered company is broadening its focus beyond reviewing individual code changes as businesses confront a sharp increase in software produced by artificial intelligence agents. Its newly introduced Agentic Change Management platform […]

Arabian Post Staff -Dubai Saudi Arabia increased its holdings of US Treasury securities by about $2.2 billion in June, lifting the portfolio to $142.5 billion and extending the Kingdom’s position among the largest overseas investors in US government debt. The June increase followed holdings of about $140.3 billion in May and left Saudi Arabia ranked 17th among foreign holders of Treasuries. The portfolio remained heavily weighted towards […]

Arabian Post Staff -Dubai The UAE has halted all trade, commercial exchanges and financial transactions with Iran until further notice as escalating security tensions deepen economic disruption across the Gulf. Afra Al Hameli, Director of the Strategic Communications Department at the Ministry of Foreign Affairs, announced the decision while rejecting allegations about the status of economic relations between the UAE and Iran. She said regional escalations were […]

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