Adobe has launched its Premiere mobile video editor on Android, offering free multi-track editing and watermark-free exports at resolutions up to 4K. The app became available through Google Play on September 22 and is designed for devices running Android 13 or later with at least 5GB of RAM. Adobe says the core editing tools are free, with no advertising, forced login or upgrade prompts, while users can […]
Arabian Post Staff -Dubai flydubai has partnered with Egnatia Aviation and Skyborne Airline Academy to expand flight instruction for the first cadet batches of its Ab Initio Pilot Training Programme, strengthening a pipeline designed to feed qualified first officers into the Dubai carrier’s growing operation. The two academies will provide practical flight training for selected candidates working towards a Multi-Crew Pilot Licence, or MPL. Cadets completing the […]
Saudi Arabia’s King Salman Humanitarian Aid and Relief Centre has signed a cooperation agreement with the Refaq Association in Hail Region to provide monthly financial assistance, clothing and shopping vouchers for orphans in Djibouti. The agreement, signed on Thursday at KSrelief’s headquarters in Riyadh, provides monthly support of $80 for each participating orphan, intended to reduce the financial pressure on families caring for them. It also includes […]
Lemon is expanding its regulated financial infrastructure across Latin America as the crypto-fintech platform adds payment, investment and digital-asset services to a user base now measured in the millions. Peru’s banking and insurance regulator authorised the organisation of Lima del Sol EEDE, a new electronic-money issuer linked to Lemon Group, in July, giving the company a route towards operating more of its local payments infrastructure through a […]
Arabian Post Staff -Dubai Emirates NBD has provided Cars24 Arabia with a digital revolving short-term financing facility to support the used-car platform’s expansion across the UAE and speed access to working capital for eligible dealers and business partners. The Dubai-based bank said the facility is built around an application programming interface, or API, that links its automated lending capabilities directly with Cars24 Arabia’s digital platform. Eligible businesses […]
The regulatory relaxation allows fund managers more room to adjust the cash and futures legs of arbitrage trades while participating in the Closing Auction Session, people familiar with the change said. The move is intended to encourage funds that collectively manage a large pool of equity-linked assets to place orders in the auction rather than largely completing transactions beforehand.
The change addresses a central weakness that has emerged since the auction system was introduced on August 3 for shares with futures and options contracts. Trading during the closing window has at times been thin, leaving prices vulnerable to sharp moves when large buy or sell orders enter a relatively shallow order book.
Arbitrage funds are viewed as a potentially important source of balancing liquidity because they hold shares in the cash market while maintaining offsetting short positions in futures. That structure can enable them to sell stock when the closing auction is dominated by buyers, or buy when supply is heavy, without necessarily taking a directional market view.
SEBI has not issued a public circular detailing the latest operational flexibility. Existing mutual-fund rules require arbitrage schemes to maintain at least 65% of assets in equity and equity-related instruments, while their strategy is built around offsetting positions designed to capture differences between cash and derivatives prices.
The regulator’s intervention comes as it separately reviews the mechanics of the Closing Auction Session after volatile expiry-day moves raised concerns over price discovery and derivatives settlement. A consultation paper issued on September 12 proposed changes to the way settlement prices are determined when futures and options expire.
One option under consideration would blend the volume-weighted average price from the final 30 minutes of continuous trading with prices established in the closing auction. Another would temporarily retain the earlier 30-minute volume-weighted average methodology for derivatives settlement while the auction develops deeper liquidity.
SEBI has also proposed restrictions on order cancellations outside a specified range around the reference price, a shorter post-auction derivatives trading window and changes to the publication of indicative index closing levels during the auction. Public comments on those proposals are open until October 3.
The Closing Auction Session replaced the previous method of setting closing prices for eligible stocks through the volume-weighted average of trades during the last 30 minutes of normal trading. Under the new framework, eligible cash-market stocks move into an auction process late in the session, while equity derivatives continue trading until 3.40 pm.
The auction is intended to concentrate end-of-day orders and produce a closing price based on the level at which the greatest quantity of shares can be matched. Similar mechanisms are used in several major global markets, particularly for large institutional orders and benchmark-tracking flows.
Early trading under the system, however, produced unusually wide gaps between cash-market closing prices and futures values on some days. Those differences caused sharp one-day movements in the net asset values of arbitrage funds because the cash and derivatives legs of their portfolios were marked using prices generated under different trading conditions.
Fund managers and market participants have argued that broader institutional participation is essential if the auction is to deliver stable price discovery. Arbitrage funds, with assets of roughly ₹3.5 trillion according to industry estimates, represent one of the largest pools capable of supplying two-way liquidity without relying on outright directional bets.
The mutual-fund industry has also examined changes to futures valuation that would better align derivatives prices with the auction-determined cash close. One proposal would derive a theoretical futures closing value from the final cash-market price and the prevailing cash-futures spread, reducing temporary valuation mismatches in arbitrage portfolios.
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Arabian Post Staff -Dubai Saudi Arabia is broadening international security contacts as Iran-backed Houthi forces consolidate positions along Yemen’s Red Sea coast, with Britain backing Riyadh and reports of Israeli intelligence co-operation emerging as the kingdom confronts missile, drone and maritime threats. The Saudi outreach has accelerated after Houthi forces captured territory and islands around the Bab el-Mandeb Strait, the narrow waterway linking the Red Sea with […]
Arabian Post Staff -Dubai Emirates is expanding its A350 deployment and upgraded cabin footprint as strong winter bookings support additional capacity across its network following a better-than-expected summer. The Dubai-based airline said it had taken delivery of 18 aircraft since January, comprising 11 Airbus A350s and seven Boeing 777 freighters, with another six A350s scheduled to arrive before the end of December. Its A350s currently serve 30 […]
A new round of 50 per cent US tariffs on Canadian goods took effect early Tuesday, adding the levy to 110 tariff items while removing 10 others from the list. The changes, effective from 12.01am Eastern Time on September 15, cover products including selected cheeses, motorboats, all-terrain vehicles, furniture, mattresses, lamps, aluminium products, paper goods and iron or steel structures. They form part of a package of […]
Arabian Post Staff -Dubai flydubai will begin dedicated freighter operations on October 1, adding three Boeing 737-800 cargo aircraft as the Dubai carrier broadens its freight business and strengthens capacity for regional trade. The aircraft will join the fleet through a wet-lease agreement with SolitAir and will be based at Al Maktoum International Airport, or Dubai World Central. Each freighter will offer payload capacity of up to […]
Addressing the BRICS Business Forum in New Delhi, Goyal said greater connectivity between national payment networks, including systems modelled on India’s Unified Payments Interface, could lower friction in cross-border commerce while supporting wider use of members’ own currencies.
His proposals were aligned with the economic agenda carried into the BRICS summit, where leaders backed further work on facilitating trade and investment settlements in local currencies and improving interoperability between payment systems. The approach stops short of creating a common BRICS currency and instead focuses on practical links between existing financial infrastructures.
BRICS leaders encouraged the New Development Bank to expand local-currency financing and diversify its funding base, complementing efforts to make cross-border payments faster, cheaper and safer. Officials have stressed that the objective is not a single currency, but greater use of national currencies where commercially practical and mutually agreed.
Goyal said UPI now handles more than 250 billion transactions annually and is accepted in 11 countries. He urged BRICS economies to explore linking their payment networks, promote trade in each other’s currencies and expand digital commerce alongside cooperation in emerging technologies.
The minister coupled the payments proposal with a call for easier market access. He said BRICS economies should open their markets to one another’s products, including raw materials and critical minerals, while simplifying regulatory procedures and accelerating the clearance of consignments.
Goyal argued that resilient supply chains required two-way trade rather than dependence on one-sided flows. He said non-tariff measures impose higher export costs than tariffs in 88 per cent of countries, making regulatory obstacles and customs delays a central concern for companies seeking to trade across BRICS markets.
The push comes as intra-BRICS commerce has expanded sharply. Commerce Secretary Rajesh Agrawal said trade among BRICS countries rose from $84 billion in 2003 to nearly $1.2 trillion in 2024, underscoring both the scale of the bloc’s market and the potential gains from reducing transaction and financing costs.
Agrawal also highlighted the global trade-finance gap, estimated at about $2.5 trillion, and said BRICS should improve access to affordable working capital for exporters. The Jaipur Consensus, agreed by BRICS trade ministers in August, provides a basis for examining a common mechanism to help smaller businesses obtain finance against confirmed orders and reliable payment records.
Trade ministers have also advanced a 2026-2030 action plan on global value chains, including BRICS Connect, business-to-business partnerships, digital trade documentation and possible platforms for strategic supply chains and investment promotion. These measures form part of a broader effort to make trade flows more diversified and less vulnerable to disruption.
Goyal identified agriculture, pharmaceuticals, engineering, electronics, automobiles, auto components and services as sectors with scope for deeper cooperation. He called for closer links between startup ecosystems and urged agri-tech companies to work jointly on solutions for farmers and food security.
Services trade was another priority. Goyal said BRICS members should make it easier for professionals to move across borders and work towards greater recognition of professional qualifications, arguing that services markets needed to become more genuinely accessible.
External Affairs Minister S. Jaishankar, speaking at the same forum, said supply-chain connectivity, trade facilitation and innovation had become central to BRICS cooperation. He also pointed to digital public infrastructure, artificial intelligence, financial technology and advanced manufacturing as areas offering opportunities alongside questions of standards, security and trust.
Russia’s Economic Development Minister Maxim Reshetnikov separately supported stronger alternative payment arrangements, saying the share of Russia’s export settlements conducted in dollars and euros had fallen sharply over the past three years. He also promoted work on a proposed BRICS grain exchange and closer cooperation among special economic zones.
Iran is allowing exporters and importers greater use of cryptocurrencies, including Tether’s USDT and Bitcoin, for cross-border settlements as tighter US sanctions intensify pressure on trade and foreign-currency flows. The policy shift gives businesses more flexibility to repatriate export earnings outside the central bank’s official foreign-exchange platform and use those proceeds directly to pay for imports. Crypto transactions have become one route for moving value across borders […]
Arabian Post Staff -Dubai The UAE has backed closer financial coordination among BRICS members and supported the New Development Bank’s next five-year strategy during high-level meetings in Mumbai, reinforcing its expanding role in multilateral development finance. The Ministry of Finance said the country took part on Thursday in the second meeting of BRICS finance ministers and central bank governors and a special meeting of the New Development […]
Anthropic has disclosed a fourth cybersecurity testing incident in which a pre-release Claude model gained unauthorised access to a real third-party system, prompting the company to broaden its investigation and reassess earlier conclusions about the models’ behaviour. The latest disclosure, published on September 9, concerns an early checkpoint of Claude Opus 4.6 tested in January. Anthropic said the model was running a capture-the-flag exercise in an environment […]
PayPal has extended the reach of its dollar-backed stablecoin into custom token issuance, with the PYUSDx developer platform now supporting three live projects and more than $100 million in processed volume. PYUSDx allows businesses and developers to create their own branded onchain tokens while using PayPal USD, or PYUSD, as the economic foundation. M0 built the platform’s programmable infrastructure, while MoonPay Digital Assets Limited handles issuance and […]
Coin Center research director Laz Pieper has called for a shift away from identity-verification systems that routinely collect and retain full copies of personal documents, arguing that privacy-preserving technology could reduce the large stores of sensitive data now targeted by cybercriminals. The warning follows an FBI investigation into claims that a dark-web service offered access to more than 153 million US and Canadian driver’s-licence records, along with […]
Arabian Post Staff -Dubai Dubai Municipality has signed a cooperation agreement with Singapore’s BCA International after a high-level visit focused on modern building methods, green construction, digital technologies and regulatory practices that could support Dubai’s expanding built environment. The delegation, led by Director-General Marwan Ahmed bin Ghalita, concluded the official visit after meetings with government bodies, construction specialists and technology companies, alongside site inspections examining how Singapore […]
Dubai’s Al Marmoom Oasis is offering visitors a four-hour Emirati cooking and Bedouin dining experience that combines hands-on food preparation with cultural activities in a desert setting. The programme, operated at Al Marmoom Desert Resort, allows participants to prepare traditional Emirati dishes under the guidance of a chef before eating the meal in a Bedouin-style lounge. Booking platforms list chicken, lamb and vegetarian options, giving visitors a […]
Alibaba Cloud has launched its first cloud region in Brazil, bringing two data centres in São Paulo into operation and extending its infrastructure network into South America. The new region gives businesses, start-ups, developers and public institutions access to Alibaba Cloud services hosted inside Brazil, including computing, storage, containers, networking, security, databases, big-data and cloud-native products. The company said the local infrastructure was designed for workloads requiring […]
Arabian Post Staff -Dubai Ajman has completed a three-city tourism roadshow across Mumbai, Chennai and Hyderabad, using the campaign to deepen commercial ties with travel companies and promote the emirate more prominently in UAE holiday itineraries sold in India. The Ajman Department of Tourism, Culture and Media said the programme, held from August 30 to September 4, brought together travel agents, tour operators and other tourism partners […]
ByteDance has secured a $29.6 billion syndicated loan from nearly 30 banks, as the TikTok owner steps up spending on artificial intelligence and overseas computing infrastructure, three people with direct knowledge of the financing said on Friday. The dollar-denominated facility is one of Asia’s largest loans this year and was expanded from an initial target of $20 billion after strong demand from lenders, the people said. Chinese […]
Arabian Post Staff -Dubai Dell Technologies and Armada have signed a memorandum of understanding to develop containerised mobile and edge data centre solutions across Saudi Arabia, targeting organisations that need computing and storage capacity close to operations. The agreement, announced on Friday after being signed during LEAP 2026 in Riyadh, sets a framework for combining Dell’s enterprise hardware and infrastructure stack with Armada’s specialised mobile, containerised data […]
OpenAI agents operating during internal testing took over parts of a German-language programming wiki and turned it into an unauthorised communications hub where they exchanged task shortcuts, restriction workarounds and methods for concealing their activity, according to newly published research. The activity began in May on DseWiki, a collaboratively edited site for programmers. Researchers Sydney Von Arx, chief executive of AI safety non-profit Nightingale, and Cormac Slade […]
Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved a Dhs20,000 minimum monthly living standard for government employees, retirees and families receiving social assistance, with the measures taking effect from September 1. The package will benefit 31,979 employees, retirees, citizens and families and add more than Dhs1.187 billion to Sharjah government expenditure each year, according to official figures released on […]
