Articles written by
arabian post staff

Analysts at JPMorgan are forecasting that U. S. spot Solana exchange-traded funds will attract only about $1.5 billion in net inflows during their first year, substantially lagging behind the inflows seen in Ethereum-linked ETFs. The expectation comes even as the U. S. Securities and Exchange Commission is widely seen as poised to approve multiple Solana ETF applications in the days ahead.

JPMorgan’s projection, led by Nikolaos Panigirtzoglou, rests on multiple concerns, chief among them the weakening on-chain activity of Solana and investor fatigue in the altcoin space. The firm estimates that the figure could fall below $1.5 billion if headwinds intensify, noting weak demand in CME Solana futures markets and stiff competition from diversified crypto index funds as key constraints.

Network metrics underscore that caution. Daily transaction volume on Solana has dropped to approximately 64 million, down nearly 50 percent from its July peak, a sign that user and developer usage may be waning. Some analysts suggest that capital is rotating toward rival chains such as BNB Chain and toward broader index products, rather than concentrated bets on Solana itself.

Bitwise Asset Management, one of the prominent ETF hopefuls, has updated its application to include “staking” in the fund’s name and set a sponsor fee of 0.20 percent—among the lowest for crypto ETFs. The amendment also promises a waiver for the first three months and for up to $1 billion in assets under management, a signal of aggressive positioning against peers.

Other applicants include VanEck, 21Shares, Franklin Templeton, Grayscale, and Fidelity, whose applications carry staggered decision deadlines ranging from October through April 2026. Following the SEC’s adoption of a generic listing standard for digital-asset ETFs, certain filings have been restructured to comply with the revised framework—though a handful were asked to withdraw or amend submissions.

The regulatory picture is complicated by the ongoing federal government shutdown, which has forced the SEC to operate with a skeletal staff and slowed processing of registrations and rule changes. Observers warn that even if the SEC signals approval, practical listing and launch may be delayed until staffing returns to normal levels.

Market sentiment, however, appears largely bullish on the regulatory outcome. Prediction markets and analysts now price the probability of Solana ETF approval at 90 to 99 percent, citing precedent from the Bitcoin and Ethereum cases and the existence of a CME futures contract as enablers.

Lyft Inc. has entered into a partnership with the autonomous vehicle company Tensor Auto Inc. to introduce a fleet of robotaxis across North America and Europe by 2027. The companies aim to reshape the transportation landscape, focusing on the future of urban mobility. Lyft’s venture into the robotaxi market signals a significant step towards embracing fully autonomous driving technologies, which could revolutionise urban transport systems globally.

Under the terms of the agreement, Tensor Auto will provide the necessary technology to power the autonomous vehicles, while Lyft will manage the operations, including fleet logistics, ride-hailing services, and customer-facing platforms. The collaboration is set to leverage Lyft’s extensive experience in the ride-hailing industry, which already covers a wide range of urban markets in both regions. This partnership marks a key milestone in the journey towards making driverless cars a reality, aiming to deliver more efficient and eco-friendly transportation alternatives.

Lyft’s move into robotaxis comes as the autonomous vehicle market is experiencing a rapid surge in interest, with several major players such as Tesla, Google’s Waymo, and others investing heavily in the technology. These vehicles are designed to operate without human intervention, using a combination of sensors, cameras, and advanced artificial intelligence to navigate city streets. By eliminating the need for drivers, robotaxis promise to cut costs, reduce congestion, and lower emissions, aligning with the growing demand for greener urban transport solutions.

The rollout of robotaxis is expected to be gradual, with Lyft planning to initially deploy a limited number of vehicles in select cities. The fleet will be integrated with Lyft’s existing app, allowing customers to book rides as they would with traditional cars. While the service will begin with a small fleet of vehicles, Lyft and Tensor Auto anticipate expanding the network as regulatory frameworks for autonomous vehicles evolve and urban infrastructure adapts to accommodate driverless cars.

Lyft’s decision to enter the autonomous ride-sharing market comes at a time when the company is looking to diversify its services beyond traditional ride-hailing. The potential of robotaxis could be a game changer in terms of profitability and service efficiency. As the global shift towards sustainability grows stronger, self-driving electric vehicles like these offer a promising solution to reduce carbon emissions and dependence on fossil fuels.

Tensor Auto, a leader in autonomous driving technology, has been a key player in the development of self-driving solutions for both private and commercial transportation. The company has been refining its autonomous system, focusing on the safety, reliability, and efficiency of its vehicles. Tensor Auto’s vehicles are equipped with state-of-the-art sensors and machine learning algorithms designed to enable smooth navigation in complex urban environments. These innovations are expected to be central to the success of the Lyft robotaxi initiative.

While many of the logistics regarding the fleet’s operation remain in development, key challenges will include regulatory approvals, vehicle safety standards, and ensuring that autonomous systems can navigate the dynamic nature of urban environments. Several regions, including parts of Europe and North America, have already started the process of revising their traffic laws to accommodate self-driving vehicles, with pilot programs and test sites being established in cities like San Francisco and London.

Experts suggest that the integration of robotaxis could lead to significant shifts in how people approach urban mobility. With the promise of safer, more reliable, and more affordable transportation, the expansion of driverless cars could be particularly beneficial in densely populated cities, where congestion and pollution are persistent challenges. Lyft and Tensor Auto’s collaboration could set a new benchmark for the future of transportation, one that is driven by sustainability and technological advancement.

The company’s market cap, now placing it among the most valuable companies globally, reflects its strategic positioning at the centre of critical technological trends. Nvidia’s GPU technology has become indispensable in fields ranging from gaming to machine learning and data analytics. Its leadership in AI applications, particularly in areas like autonomous driving and generative AI, has been a key driver behind its expanding market reach.

The surge in Nvidia’s market cap follows impressive quarterly earnings, which showed a substantial increase in revenue, particularly driven by its data centre segment. Analysts attribute the company’s growth to its cutting-edge products, including the A100 and H100 GPUs, which have cemented Nvidia’s reputation as the leading provider of AI computing hardware. These advancements are now crucial to many sectors, including cloud computing, gaming, and large-scale enterprise solutions.

Nvidia’s ability to capitalise on the increasing integration of AI into business processes and consumer products has been pivotal to its success. The company’s GPUs power most of the leading AI platforms, including those used in cloud data centres, where the demand for advanced computational power continues to soar. Moreover, Nvidia’s partnerships with tech giants and startups alike have positioned it as an essential player in the development of AI tools and infrastructure.

In addition to its AI-driven growth, Nvidia has capitalised on the gaming industry, where its GPUs remain a cornerstone for high-performance graphics. The booming popularity of esports and virtual reality, as well as the continual advancement of gaming hardware, has kept Nvidia in a dominant position within this sector. Its GPUs power not only personal gaming rigs but also high-end consoles and cloud-based gaming services, further amplifying its market presence.

The company’s stock performance has consistently outpaced the broader technology sector, with a remarkable acceleration in share prices following its strategic shift towards AI and machine learning. Investors have been particularly bullish on Nvidia, with many analysts forecasting continued growth driven by the company’s investments in next-generation technologies and its expanding footprint in emerging markets like AI-driven healthcare, robotics, and digital content creation.

Nvidia’s market success has also been underpinned by its robust financial health. The company’s ability to generate strong cash flows has allowed it to reinvest in cutting-edge R&D, securing its competitive edge. Nvidia has consistently delivered on innovation, with the launch of new products and the expansion of its software ecosystem, which includes AI development tools, simulation platforms, and enterprise solutions.

The market has recognised Nvidia’s potential beyond traditional GPU applications. Its recent moves into high-performance computing and the automotive sector, particularly with self-driving car technologies, have diversified its portfolio and unlocked new revenue streams. As Nvidia continues to push the boundaries of what its technology can achieve, its influence on the global tech landscape is only expected to grow.

Silver prices have surged to an all-time high of $49.57 per ounce as of October 8, 2025, marking a significant milestone in the precious metals market. This unprecedented surge is attributed to a confluence of factors, including escalating geopolitical tensions, economic uncertainties, and a robust demand for safe-haven assets.

The rally in silver prices mirrors a broader trend in the precious metals sector, with gold also reaching record levels above $4,000 per ounce. Investors are increasingly turning to these assets as a hedge against inflation and financial instability. The U. S. Federal Reserve’s anticipated interest rate cuts have further bolstered the appeal of non-yielding assets like silver and gold.

Analysts note that silver’s ascent is not solely driven by investor sentiment. The metal’s industrial applications, particularly in solar energy and electric vehicles, have seen a significant uptick. The International Energy Agency projects that silver demand from the solar sector will continue to rise, driven by the global push towards renewable energy sources.

Market dynamics also play a crucial role in silver’s price trajectory. The London Bullion Market Association reports a tightening in silver supply, with inventories reaching historic lows. This supply-demand imbalance has intensified competition among investors, pushing prices higher.

In India, silver prices have mirrored global trends, with rates reaching ₹1.57 lakh per kilogram in major markets. The surge has been fueled by increased demand during the festive season and a growing interest in silver as an investment vehicle. The Reserve Bank of India has noted a rise in silver-backed exchange-traded funds, reflecting a shift in investor preferences.

Despite the bullish outlook, experts caution about potential market corrections. The Commodity Futures Trading Commission has observed increased volatility in silver futures markets, indicating heightened speculative activity. Investors are advised to exercise caution and consider the long-term fundamentals of silver as an investment.

The subscription window for Abdulaziz Ahmad Al-Twijri Trading Company’s initial public offering on the Nomu–Parallel Market will run from 2 to 9 November 2025, focusing exclusively on qualified investors. The offering involves 1 million shares — equivalent to 20 % of the company’s post-IPO capital. The Capital Market Authority approved the registration in June 2025.

Al-Twijri had earlier attempted an IPO in June 2023, when it proposed to list 600,000 shares; the attempt was cancelled after failing to attract full subscription. The current issue is built on a base capital prior to offering of SAR 40 million, paid up via 4 million shares at a nominal value of SAR 10 each. Post-offering, the company will issue 5 million shares, with the floated portion representing 20 %.

Al-Twijri’s core operations span wholesale of food, hygiene and personal care products, medical supplies, plus real-estate leasing and management. In its prospectus, the firm indicates plans to channel proceeds toward expansion of storage capacity and related working capital needs.

The company has appointed Yaqeen Capital as financial advisor and bookrunner, and a spectrum of Saudi capital firms — including Derayah, Al Rajhi Capital, SNB Capital, Riyad Capital, Albilad Capital, AlJazira Capital, Alistithmar Capital, Alinma Capital, ANB, Alkhabeer, SAB Capital, Sahm Capital, GIB Capital and Musharaka Capital — as receiving agents.

Under Saudi capital markets rules, the offering is limited to qualified investors as defined by CMA guidelines. The CMA has emphasised that its approval is procedural; it does not constitute an investment endorsement.

Analysts note that the timing taps into broader momentum in Saudi Arabia’s IPO market. During the second quarter of 2025, Saudi listings captured about 76 % of all GCC IPO proceeds, with strong interest in offerings on both the main market and Nomu. Participation by institutional or high-net-worth investors will be critical to achieving full allocation.

Al-Twijri’s promoters — chiefly members of the Al-Twijri family — will retain controlling interest. In past filings, Mohamed and Khalid Al-Twijri held 30.5 % each, with minority holders covering the remainder. Post-IPO, their combined share will remain significant.

Branded residential developments in the Middle East and North Africa are now capturing a larger share of global signings, with standalone projects set to make up 45 per cent of the regional portfolio—well above the global average of 36 per cent.

Data from Global Branded Residences shows that the MENA region now accounts for 36 per cent of new global branded residence signings, outstripping traditional hubs such as North America, Europe and Asia. The region currently has 99 completed branded residences and 241 under development, representing 13 per cent of existing global supply and 25 per cent of the pipeline. The UAE leads with 201 projects, followed by Saudi Arabia and Egypt.

Dubai remains the most active city globally, with nearly 160 branded developments either completed or in the pipeline—surpassing markets like Miami, London, and New York. The breakdown in MENA shows that 31 per cent of completed branded residences are standalone, while 51 per cent of the pipeline comprises standalone projects. This shift indicates broader confidence among developers in models unlinked to hotel operations.

Fashion and lifestyle brands are playing an increasingly prominent role in driving the shift away from purely hospitality-anchored residences. In MENA, fashion labels account for 51 per cent of non-hotel branded projects—nearly double the global average of 26 per cent. Non-hotel brands now represent 30 per cent of the regional pipeline, up from 24 per cent among completed schemes. In effect, branded residences in the region are diversifying beyond hotels into lifestyle, design and luxury branding.

Fairmont is poised to be the largest operator in the region, with 19 schemes across completed and pipeline stages. New entrants include jewellery brand De Grisogono and hospitality/lifestyle brand Nobu.

Globally, the branded residences sector has expanded rapidly over the past decade. The total number of schemes globally stands at 1,746—779 completed and 967 under development. Across this global portfolio, hotel brands still dominate, accounting for 79 per cent of projects. However, standalone branded residences—those without hotel attachments—are projected to rise from about 8 per cent of the world’s projects to 12 per cent over time.

Broadly, the market is seeing several converging trends. Buyers are increasingly willing to pay a premium—often 20 to 35 per cent or more—for branded units over comparable non-branded luxury real estate, citing consistency of design, service, and long-term resale value. Developers, in turn, see branding as a differentiator that supports stronger pricing, absorption rates and margins. In fast-growing wealth markets, branding provides credibility and global marketing reach.

Asia Pacific has also moved into the spotlight. GBR has formally launched operations in APAC, targeting markets such as Thailand, Vietnam, India, Malaysia and emerging resort destinations. The firm forecasts that branded development projects in APAC may more than double, with the region evolving into one of luxury real estate’s fastest growing markets.

Nevertheless, challenges remain. Aligning brand partnerships with regional regulatory, legal and operational frameworks is complex. Delivering consistent service quality over time, especially in newer locations with less mature hospitality infrastructure, is no small task. In denser branded markets, developers must differentiate amenities, design and buyer experience to avoid commoditisation.

Abu Dhabi National Oil Company announced that its six publicly traded subsidiaries will distribute AED 158 billion in dividends through to 2030, nearly doubling the AED 86 billion cumulative payout since the first listing in 2017.

The announcement came during ADNOC’s inaugural Investor Majlis in Abu Dhabi, where the group underscored its commitment to shareholder returns and transparent governance. The dividend programme is subject to customary approvals and will provide long-term visibility to investors across its diversified portfolio of listed entities.

ADNOC’s six listed companies currently account for more than AED 550 billion in market capitalisation on the Abu Dhabi Securities Exchange and represent nearly 40 percent of the annual dividends distributed on the market. Under the new plan, three additional entities—ADNOC Distribution, ADNOC Gas, and ADNOC Logistics & Services—will join ADNOC Drilling in issuing quarterly dividends.

Dr Sultan Ahmed Al Jaber, ADNOC’s Managing Director and CEO, also serving as UAE Minister of Industry and Advanced Technology, described the dividend target as a “landmark step” adding clarity to the group’s capital return path. He stated the move would “enhance value” for citizens, residents, and partners, and reaffirmed ADNOC’s focus on cost discipline, efficiency and growth.

Each listed unit announced specific dividend floors and policy reforms. ADNOC Drilling set a cumulative floor of AED 25 billion by 2030, representing a 26 percent minimum return over the period. ADNOC Gas pledged a target of AED 90 billion, with dividends moving to a quarterly basis from 2025 onward. ADNOC Logistics & Services raised its guidance to AED 8.1 billion for 2025–2030 and intends to adopt quarterly distributions from the third quarter of 2025.

Other units will also tighten their dividend structures. ADNOC Distribution expanded its dividend policy through 2030 and targets cumulative returns exceeding 30 percent over the 2025–2030 period. Borouge affirmed a dividend floor for 2025 and envisaged a payout ratio of 90 percent of net profit in future years. Fertiglobe flagged interim dividend payments and share buybacks for 2025 to support yield.

Beyond dividends, ADNOC disclosed key developments across its upstream, LNG and petrochemical segments. ADNOC Gas has secured a long-term feedstock agreement worth AED 147 billion with its Ruwais LNG facility. Over 80 percent of project capacity is under contract. The group also reported that the merger of its petrochemical assets with OMV—that is, combining Borouge and Borealis into Borouge Group International —remains on course for completion in Q1 2026. Financing for the transaction, valued at AED 56.6 billion, is in place and synergies of at least AED 1.8 billion annually have been identified.

Earlier this year, ADNOC transferred its stakes in several listed subsidiaries—namely Distribution, Drilling, Gas and Logistics & Services—to its wholly owned investment arm, XRG, via off-market moves. The transfers, completed or pending regulatory clearance, were explicitly stated not to affect operations, leadership or dividend policies. Control remains with ADNOC via its 100 percent ownership of XRG.

Analysts view the dividend pledge as a strategic signal in a more competitive capital-raising environment. It strengthens the case for long-term investor confidence, especially amid global volatility in energy markets and shifting sector dynamics. Some warn, however, that such large commitments require careful balance with capital expenditure demands, especially for exploration, decarbonisation and upstream expansion to meet rising regional energy and gas demand.

Dubai Investments has revealed that its wholly owned subsidiary, Emirates Float Glass, will expand its float-glass manufacturing capacity by launching a second production line that will raise output from 600 tonnes per day to 1,200 tonnes. The upgrade is slated to introduce Ultra Clear low-iron glass—marketed as a first in the MENA region—with advanced automation and energy-efficient systems, and is scheduled for commissioning between late 2027 and early 2028.

Under the plan, the second line will incorporate next-generation process control technology to ensure consistent product quality while curbing energy consumption and lowering the environmental footprint. Dubai Investments emphasises that this aligns with its broader industrial growth strategy and the UAE’s ambitions in high-value manufacturing.

Abdulaziz Bin Yakub Al Serkal, CEO of Dubai Investments’ Industrial Platform, described the move as crucial for strengthening regional competitiveness. He said the introduction of Ultra Clear glass will allow EFG to penetrate premium markets, give clarity advantages over conventional float glass, and support growing demand from architectural, infrastructure and design sectors. The project involves a collaboration with Germany’s HORN Glass Industries, which will supply glass-melting furnaces and associated systems, while local civil-works contractors and international project teams will oversee implementation.

EFG currently operates out of its float plant in the Industrial City of Abu Dhabi, where its capacity now stands at 600 tonnes per day. The expansion marks the second phase of investment in the plant. Dubai Investments’ announcement underlines its commitment to scaling up industrial assets and achieving technological differentiation in its manufacturing portfolio.

The expanded capacity is seen as a response to rising demand across the Gulf and broader regional markets, where premium architectural glass is gaining traction, driven by growth in high-rise construction, sustainability mandates and demand for energy-efficient façades. Analysts note that the move helps EFG hedge against rising competition from international glass producers by offering higher-clarity, value-added products.

Oil markets climbed modestly on Wednesday as traders digested OPEC+’s decision to raise production by only 137,000 barrels per day from November — a figure widely viewed as cautious and aimed at managing oversupply pressures. Brent crude gained about 0.7 per cent to $65.93 a barrel, while US West Texas Intermediate added 0.8 per cent, reaching $62.24.

The measured increase is part of an ongoing tug-of-war between easing supply fears and softening demand estimates. Analysts argue that the restrained hike helped calm immediate market jitters about a flood of new barrels entering global markets. At the same time, the surge in output from non-OPEC producers—especially the United States—is tipping the scale toward a heavier supply environment.

The U. S. Energy Information Administration raised its 2025 forecast for domestic oil production to a record 13.53 million barrels per day, up from earlier projections. That upward revision intensifies concerns that global inventories could swell, placing downward pressure on prices. The EIA warns that crude inventories may build further, potentially squeezing prices in the coming months.

OPEC+ has signalled a cautious approach. The bloc’s members, including Saudi Arabia and Russia alongside six others, opted for incremental supply additions rather than aggressive increases. The decision underscores a balancing act: securing market share without triggering a disruptive oversupply.

Some market watchers believe the group is constrained by internal capability limits and the risk of destabilising the market. Only about 75 per cent of the targeted 2.7 million bpd raise since April has actually materialised, as certain member states struggle to meet output goals. Meanwhile, signs of macro slowdown and tepid fuel demand, especially in Asia and Europe, loom as headwinds.

Large oil majors are already adjusting strategies to navigate the tighter margins. Chevron, ExxonMobil, BP, Shell, and TotalEnergies are implementing cost cuts, trimming share buybacks, and streamlining operations to preserve balance sheets. Oil prices under $65 are straining profitability across the sector, particularly for producers with high breaking-even costs. Shell, for instance, has taken a $600 million impairment hit tied to biofuel and remediation operations in Europe.

In Argentina, falling oil revenues threaten the government’s ambitious economic plans centred on energy exports. Output at the country’s Vaca Muerta formation peaked in August but has shown signs of deceleration due to weaker global pricing and elevated costs. Local industry sources warn that strapped fiscal conditions and foreign-exchange restrictions are discouraging further investment.

Futures markets also reflect a state of tension. The structure remains sensitive to signals that either reassure or alarm about supply and demand balances. Traders are closely watching upcoming US inventory data, geopolitical developments affecting Russian shipments, and demand dynamics from China. Some analysts regard the cautious output hike as a temporary reprieve, with the risk that a sharper fall may take prices into the $50–$60 range if oversupply intensifies.

The International Energy Agency projects a potential surplus of 3.3 million barrels per day in 2026, even if current output levels persist — a scenario that would further test OPEC+’s capacity to contain downside. In contrast, OPEC’s internal modeling suggests a smaller deficit under the same conditions, reflecting wide divergences in forecasting assumptions. Investors and policymakers now wait for signs of demand resilience or fresh supply shocks, both of which could dictate whether oil stabilises in the $60s or slips further.

Dubai Airports has announced an extended 10-year strategy aimed at transforming Dubai International and Dubai World Central – Al Maktoum into the world’s most accessible and inclusive airports by 2035. The plan underscores a shift from enhancing infrastructure alone to driving cultural change, embedding empathy and user-centred design in every element of the passenger journey.

The strategy rests on three pillars: reinforcing existing accessibility frameworks, improving guest experience across every touchpoint, and elevating the airports’ status as global benchmarks in inclusive aviation. The commitment aligns with the UAE’s broader obligations to support the rights of People of Determination and Dubai’s ambition to become a disability-friendly city.

Majed Al Joker, Chief Operating Officer of Dubai Airports, emphasised that accessibility is a “core pillar” rather than a peripheral initiative. He noted that, for the first time, the airport authority is co-creating programmes with the PoD community to redesign the passenger journey from their lived perspective. The launch coincides with the debut of a public awareness campaign called “DXB for All”, which presents six narratives of travellers with sensory sensitivities, mobility challenges, hearing or visual impairments, and highlights their airport experiences.

This new phase builds on the 2022 “We All Meet the World Differently” campaign. While that initiative focused primarily on raising awareness, the current strategy delves deeper by integrating accessibility into operations, staff training, and passenger interactions. Airport operators intend to cultivate empathy across staff, travellers, and the public, encouraging all stakeholders to reframe how they engage with PoD.

To facilitate inclusive travel, Dubai Airports already provides a suite of services: a Travel Planner visual guide, the Sunflower Lanyard to signal discreet assistance, free two-hour parking, dedicated taxis, wheelchair support from curb to gate, over 520 hearing loops across terminals, and a sensory-friendly Assisted Travel Lounge in Terminal 2. These measures will be expanded and refined under the new strategy.

The initiative is being deployed through the “oneDXB” partnership network, which includes Emirates, flydubai, Dubai Police, GDIFA, Dubai Customs, dnata, Dubai Health, Dubai Duty Free, Serco, and other stakeholders. The collaborative structure ensures that airport services, security, passenger handling, health and taxi operations all align with inclusivity goals.

Challenges are considerable. DXB is already operating near capacity: in 2024 it handled 92.3 million passengers, its highest ever annual volume. That puts pressure on space, queueing, and infrastructure to adapt without undermining operational efficiency. Meanwhile, DWC is undergoing significant expansion—with a projected $35 billion investment to scale it toward handling up to 260 million passengers annually. Dubai Airports plans to shift major operations to DWC by 2032, adding urgency to ensuring that new terminals and systems are fully accessible from the start.

Goldman Sachs has launched a new office in Kuwait, asserting a significant push to enhance its reach across the Middle East and deepen its ties with Gulf-region clients under fresh leadership.

The New York-based investment bank said its role over five decades in Kuwait spans investment banking, capital markets and asset management. As part of its latest expansion, Goldman has tapped Mohammad Almatrouk as managing director of the Kuwait office, pending regulatory green light, while Fahad Alebrahim has been appointed managing director of the firm’s private wealth business in Kuwait.

David Solomon, Goldman Sachs’s Chairman and Chief Executive, framed the move as a commitment to “grow our capabilities across the Middle East and better serve our clients,” emphasising Kuwait’s economic vision as a catalyst for the firm’s expansion.

Goldman Sachs points to a long-standing capacity-building partnership in Kuwait that includes a professional training scheme designed to nurture talent at institutions such as the Kuwait Investment Authority, the Public Institution for Social Security and the Kuwait Fund. That programme, the bank says, will continue to play a central role in integrating local human capital into its global operations.

The choice of Kuwait underscores a growing focus on the Gulf’s institutional capital. Kuwait, host to one of the world’s largest sovereign wealth funds, has attracted global financial firms looking to align with its diversification and investment ambitions. Goldman Sachs’s decision follows earlier regional expansions, such as establishing a presence in Abu Dhabi and securing a banking licence in Saudi Arabia.

Kuwait’s Director General of the Direct Investment Promotion Authority, Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, praised the move as aligned with Kuwait’s economic diversification and global integration goals. He stressed that opening the office supports national priorities including talent development and sustainable growth.

Regional analysts view Goldman’s Kuwait office as part of a broader recalibration by global banks to embed themselves closer to Gulf capital sources. Over the past two years, deal activity in sovereign and quasi-sovereign asset structures has exploded, prompting major firms including Lazard, JPMorgan and Deutsche Bank to expand in the Gulf with new leadership hires.

Inside Goldman Sachs, the timeline coincides with a leadership transition: the firm’s co-head for the Middle East and North Africa, Fadi Abuali, is slated to retire after nearly 28 years of service. His departure is expected to reshape the firm’s regional hierarchy just as Kuwait becomes a new hub.

Some observers caution the move carries execution challenges. Regulatory approvals in Kuwait must be secured, and Goldman must integrate the new office into its broader Gulf operations without duplicating functions. Success will depend on maintaining local relationships while delivering global platform advantages.

Telecom operator du and technology vendor Nokia have completed a trial of an artificial intelligence–driven automation system aimed at simplifying and expediting the expansion and management of optical networks in the UAE.

The deployment tested Nokia’s WaveSuite AI, which combines traditional AI methods with generative models to assist du engineers with tasks such as planning, troubleshooting and documentation retrieval. The trial reportedly halved the time needed for optical network planning and produced designs 30 percent more efficient, while reducing errors during deployment.

During the trial, du’s engineering team used a single natural language interface to query live network status, access accurate documentation instantly, and simulate potential network evolutions. The system flagged possible inconsistencies or conflicting configurations early, allowing corrective adjustment before full-scale rollout. According to du, the result was faster troubleshooting, fewer manual errors and improved resource utilisation.

Saleem AlBlooshi, chief technology officer at du, said the trial “shows how innovation can transform network operations to face challenges brought on by increasingly sophisticated networks and ever-higher traffic volumes.” He emphasised that the automation of routine tasks and provision of intelligent tools would lead to more reliable, SLA-backed connectivity for customers.

From Nokia’s standpoint, Ron Johnson, senior vice president and general manager of Optical Networks, called WaveSuite AI “a demonstration of the real value of automation solutions with both classical and generative AI for optical networking.” He noted that the system reduces friction in planning, documentation search, and operational processes, and helps service providers accelerate provisioning of higher-speed, more reliable services.

The trial builds on du’s broader effort to embed AI and automation more deeply across its systems. Earlier this year, du partnered with Microsoft, Nokia, Khalifa University’s 6G Research Center and the ITU to launch an “Arabic Telecom LLM,” a large language model tailored for internal telecom operations. That model is designed to handle internal workflows, resolve device issues, process complaints and provide operational insights in Arabic and English. The initiative is part of du’s strategy to blend regional research leadership and global AI tools while retaining language and cultural fidelity in its operations.

This AI-driven automation trial comes amid growing pressures on telecom operators worldwide to scale quickly to meet surging demand for bandwidth, driven by AI workloads, data centers and new real-time applications. As networks grow in complexity, manual processes no longer scale efficiently, pushing operators into an era of closed-loop or autonomous operations. Nokia, in its public literature, frames network automation as essential to reducing manual intervention, improving performance and enabling faster service delivery across domains such as core, mobile, IP and optical networks.

In the UAE context, this trial signals du’s ambition to advance its optical infrastructure ahead of demand peaks, while benchmarking its operations for future 6G readiness. The success of automation in planning and deployment could reduce operational costs, increase agility, and support more complex services such as network slicing, ultra-low latency applications and differentiated service tiers.

Prinker, a South Korea–based self-expression technology firm, is launching its full suite of personalization solutions in the Middle East and North Africa region at GITEX GLOBAL 2025, seeking to penetrate a market showing robust growth in beauty and personal care.

At its Dubai showcase, Prinker will debut Prinker POP, a smart beauty kiosk that enables users to mix and preview custom makeup palettes via a touchscreen interface and AI-driven simulation. It will also bring its handheld devices—Prinker S and Prinker M—capable of applying temporary, skin-safe tattoos within seconds, as well as a standalone Prinker Tattoo Kiosk allowing users to self-apply designs in malls or entertainment venues without staff assistance.

The company aims to tap into accelerating demand for experiential retail and personalisation in beauty, positioning itself at the intersection of tech and aesthetics as regional consumers and retailers seek interactive, low-risk forms of self-expression.

The MENA beauty and personal care market is projected to expand sharply, with estimates placing its value at around USD 95.2 billion by 2030 and an annual growth rate of 9.0 %. Rising digital penetration, social media influence, and youthful demographics are driving demand for personalised and immersive beauty experiences.

Prinker’s approach reflects broader industry trends in tech-infused beauty. Beauty firms worldwide are increasingly adopting AR mirrors, AI skin diagnostics, and custom formulation platforms. Yet few have ventured into on-demand, skin-printing devices in public retail spaces. Prinker positions its handheld and kiosk systems as a bridge between digital and physical engagement.

Retailers and salon operators in the region may see appeal in integrating Prinker’s solutions as a customer acquisition tool. By offering interactive touchpoints, brands can boost dwell time and cross-sell products. Prinker’s machines also reduce staff overhead and allow consistent brand experiences across locations.

Prinker’s global track record includes deployments for brand activations and content creation campaigns in Asia and the United States. However, scaling into MENA requires navigating regulatory regimes for cosmetic safety, cultural sensibilities around appearance, and localisation of designs to reflect regional tastes.

Prinker faces competition from AR/VR beauty apps that let users visualise makeup digitally, as well as legacy cosmetic brands developing custom blends in stores. But none currently replicate live, direct-to-skin printing in physical venues. Prinker’s advantage lies in marrying hardware and software with a frictionless user experience.

Executives leading Prinker’s expansion emphasise strategic partnerships. They plan to collaborate with regional beauty chains, department stores and mall operators, integrating kiosks into high-footfall environments. They also intend to localise design libraries—such as Arabic calligraphy motifs and regionally relevant patterns—to enhance appeal.

Analysts note that success will depend on commercial viability: cost per use, durability, and consumer uptake. Prinker will need to balance affordability with perceptible novelty so that users perceive value in transient tattoos or customised palettes.

Dubai has issued Law No. of 2025 to regulate the professional practice of engineering consultancy firms, forbidding unlicensed operations and introducing a tiered classification system.

Under the law, no individual or office may conduct consultancy across fields such as architectural, civil, mechanical, electrical, chemical, geological or coastal engineering in the emirate without proper authorisation. Firms must hold a valid trade licence, register with Dubai Municipality, and submit detailed disclosures regarding their licensed scope, classification, and technical staff credentials.

A unified electronic platform, to be integrated with “Invest in Dubai,” will centralise firm registration, classification, issuance of competency certificates, and updates to consultancy qualifications.

A permanent “Committee for the Regulation and Development of Engineering Consultancy Activities” will be established under the law, chaired by a Dubai Municipality representative and comprising stakeholders from relevant authorities, tasked with overseeing implementation and resolving sectoral disputes.

The legislation classifies eligible firms into several categories: local Dubai-based companies; branches of UAE-based consultancies with at least three consecutive years of experience; branches of foreign consultancies with at least ten years of global experience; joint ventures between local and foreign players with at least a decade of consultancy track record; advisory offices led by registered engineers with a decade of experience; and engineering audit offices providing third-party evaluations.

Firms are barred from operating beyond their licence scope, hiring unregistered engineers or subcontracting to unlicensed entities. Violations can attract fines up to AED 100,000, stricter penalties for repeat breaches, suspension, downgrading classification, removal from the registry, licence cancellation, or revocation of professional certificates. Affected parties may file appeals within 30 days and decisions must be issued within 30 days, communicated within five working days.

Existing regulations under Local Order No. 89 of 1994 and its amendments will remain effective until new implementing regulations are issued, provided they do not conflict with the new law.

Consultancy firms and staff will have one year from the law’s effective date to regularise their status; extensions may be granted, and expired registrations can be renewed by committing to full compliance.

Dubai’s move mirrors the emirate’s broader legal recalibration of the infrastructure sector. In July 2025, Law No. 7 of 2025 was enacted to regulate contracting activities, consolidating prior laws and mandating registration, classification, subcontracting oversight and ethics codes across construction and engineering services. The new consultancy law can be seen as a complementary measure to ensure that consultancy services feeding into contracting projects meet defined quality and governance standards.

Industry stakeholders have expressed cautious optimism about the changes. Some consultancy firms believe the law will reduce unfair competition by eliminating unlicensed operators, thus raising standards overall. Others warn of compliance costs, especially for smaller local consultancies that may struggle to meet classification thresholds or hire adequately certified staff.

Regional and international firms see opportunity in the rule clarity and the potential to compete more transparently. Observers expect the new digital registry and classification framework to influence government procurement and tenders by favouring higher-ranked consultancies.

OPEC+ delegates are weighing two divergent paths for November oil quotas: a modest lift mirroring October’s 137,000 barrels per day increase or a more aggressive jump, possibly two to three times larger. Diplomatic and market pressures appear to be pulling members in different directions.

Ahead of Sunday’s formal meeting, one source familiar with the deliberations described 137,000 bpd as the “base case,” replicating this month’s incremental pace. A second source, speaking on condition of anonymity, indicated that under more aggressive assumptions the group may opt for increases of 280,000 bpd or even 400,000 bpd. Those in favour of larger hikes argue that strengthening demand and constrained Russian output justify a bolder step.

Analysts are aligning with the moderate view. Goldman Sachs, for instance, projects a November quota increase of around 140,000 bpd, citing tight inventory levels in Asia and Europe and declining U. S. crude stockpiles. Pressure for a more substantial increase, however, is mounting given elevated oil prices and a desire among key producers to reclaim or expand market share.

During a meeting of the Joint Ministerial Monitoring Committee this week, OPEC+ emphasised full compliance with output agreements, urging shirking members to compensate for previous breaches. While the JMMC lacks decision-making power on quotas, it retains the ability to summon full OPEC+ sessions if necessary. This move underscores growing unease about cohesion ahead of the upcoming vote.

Market reaction has already shown sensitivity. Oil prices—which had climbed amid tight supply forecasts—slid more than 3 per cent early this week as traders factored in the possibility of an oversupplied market if OPEC+ moves decisively upward. Further pressure arrived as Iraq’s Kurdistan region resumed exports to Turkey, adding to short-term supply. Expectations of a November increase of at least 137,000 bpd have also fed concerns about potential gluts.

Saudi Arabia is anticipated to respond to this industrial backdrop by raising its official selling prices for November crude to Asia. Refining sources suggest increases of 20–40 cents per barrel for Arab Light, and larger bumps for heavier grades—moves intended to optimise returns amid the shifted supply landscape. Observers note, however, that these pricing adjustments may be constrained by growing global volumes and rising freight costs.

Within OPEC+ circles, some major players favour the status quo increment. They caution that a more aggressive hike could undermine prices and strain discipline among reluctant members. Others view a bold move as an opportunity to reshape global oil dynamics—forcing non-allied producers to respond and reasserting the cohesion and influence of the alliance.

Russia is under particular scrutiny. Its output has been running below forecasts, and further declines—coupled with Western sanctions and infrastructure disruptions—are cited by several sources as a justification for a larger quota increase across the group. Still, Moscow’s appetite for more substantial volume gains remains unclear, balancing revenue interests with geopolitical strategy.

Strong demand and constrained inventory have pushed Dubai’s residential rents upward for several years. However, multiple indicators now suggest that 2026 will bring slower growth—perhaps even declines—in many segments of the market.

Headline figures already point to a deceleration. Yearly rental growth across residential properties in Dubai fell to about 8.5 percent by May 2025, down from 14.3 percent at the start of the year and 21.1 percent a year earlier. The long-term rental sector is under pressure as new supply enters the market: in the second quarter of 2025, long-term rental contracts fell 6.3 percent year on year, new contracts dropped nearly 8.9 percent, and overall rents declined 12.9 percent in quarterly comparison.

Analysts attribute the cooling largely to a surge in forthcoming housing supply. Some 150,000 new homes are expected to be completed between 2025 and 2027, representing a stock increase of nearly 20 percent in many parts of the market. Fitch Ratings projects residential property values could pull back by as much as 15 percent during late 2025 and into 2026, citing that the volume of handovers will likely outpace demand.

In the mid- and affordable segments, the impact may be most visible. Experts expect that communities with heavy handovers—such as Jumeirah Village Circle, Al Furjan, Dubai South, and surrounding areas—will experience downward pressure on asking rents. Nevertheless, prime areas like Downtown Dubai and Palm Jumeirah are forecast to continue seeing double-digit rent growth, buoyed by scarcity and sustained demand for luxury housing.

A tale of two markets is emerging. In central, premium sectors, landlords maintain leverage, while suburban and emergence zones will offer more negotiation room for tenants. Springfield Properties’ chief executive, Farooq Syed, observes that the large transaction volume and development pipeline into 2026 will provide tenants greater choice—especially in the apartment segment. Cushman & Wakefield Core’s head of research, Prathyusha Gurrapu, describes the trend as “clear signs of stabilisation,” especially outside the top-tier districts.

Beyond supply and demand dynamics, shifts are occurring in tenant preferences. Short-term and flexible lease arrangements continue to gain popularity, particularly among transient professionals and investors seeking yield. In Q2 2025, short-let occupancy remained strong—AirDXB, a key player in Dubai’s short-term rental market, achieved 90 percent occupancy compared to citywide averages around 63 percent. Technology trends are also creeping into real estate: blockchain-based platforms are being tested to automate rent payments and maintenance workflows.

On the investor side, yields remain attractive. Knight Frank reports residential yields are holding in the 5–7 percent range for apartments and 4.5–6 percent for villas and townhouses. But concerns are rising about overleveraged speculative investment, especially in lower-end segments. The Financial Times recently noted that many flippers—investors hoping to resell properties quickly for a profit—are already struggling to offload unfinished units as competition mounts.

Regulatory efforts may also temper volatility. Dubai’s Real Estate Regulatory Agency continues to push for transparency and consistent valuation practices, while the broader Dubai Land Department is moving toward digital registration and enhanced oversight. For tenants, the requirement to declare all occupants in Ejari contracts—an enforcement step introduced in 2025—tightens accountability in co-living arrangements.

Macro-economic fundamentals still support the market, albeit with caution. The emirate’s population passed 3.8 million in 2025, reflecting steady migration and growth—fuelling housing demand. Moreover, Dubai continues to attract global capital, drawn by tax benefits, infrastructure, economic diversification, and a relatively stable environment across the Gulf region.

Pressures are evident however. UBS’s 2025 index flagged Dubai at “bubble risk,” warning that rapid appreciation may not be sustainable without moderation. If large-scale oversupply hits the market at once, correction cycles may deepen in specific micro-markets.

Baku, Azerbaijan — Cüzdan LLC has launched a nationwide payment orchestration platform built on the technology of PayTabs Group, aiming to streamline payments for merchants and consumers across Azerbaijan. The new infrastructure enables live pay-in and pay-out transactions and seeks to boost digital inclusion by offering enhanced speed, security and flexibility in payment processing.

The platform is designed to allow merchants to onboard quickly, route payments intelligently across multiple payment service providers, and offer consumers a broader choice of payment methods. Cüzdan says the system is live and integrated with the country’s major acquiring banks. The partnership combines Cüzdan’s local network in sectors such as retail, manufacturing and consumer finance with PayTabs’ proprietary orchestration backbone.

Mustafa Baltacı, Chief Executive Officer of Cüzdan, described the launch as a pivotal moment in Azerbaijan’s shift toward a digital economy. He said the platform “serves the full spectrum of our economy — from neighbourhood shopkeepers to growing SMEs to major enterprises — with modern, secure payment solutions that drive growth and financial inclusion.” PayTabs’ growth-and-development officer, Hany Soliman, added that the firm is “proud to power Cüzdan’s payments journey” by supplying the technological architecture underpinning the rollout.

This launch marks PayTabs’ entry into Azerbaijan, extending its operational footprint beyond the GCC, Levant, North Africa and Central Asia regions into the Caucasus. Abdulaziz Al Jouf, CEO and founder of PayTabs, affirmed that this “hallmark partnership” reinforces the group’s goal to support digital transaction infrastructure across wider geographies.

Industry observers see this move as timely. Azerbaijan’s economy is pushing to modernise its payments infrastructure, support small and medium enterprises in digital adoption, and reduce friction in cross-border and domestic e-commerce flows. The flexibility offered by orchestration platforms — which manage routing, fallback, reconciliation, fraud checks and settlement across multiple payment providers — is now viewed as essential in markets with fragmented banking and payments systems.

Yet challenges remain. Success will depend on how quickly local merchants adopt the platform, the reliability of the supporting payments infrastructure, and the alignment of regulatory oversight. Ensuring interoperability with regional and international payment rails will also be vital if Cüzdan aims to facilitate cross-border commerce.