Arabian Post Staff -Dubai Shares of Larsen & Toubro fell sharply in early trading on January 13, extending losses after reports indicated that Kuwait is weighing the cancellation of oil and gas project tenders with an estimated value of $8.7 billion, a development that unsettled investors exposed to the company’s hydrocarbons order book. The stock dropped close to 3 per cent during morning deals, touching a one-month […]
Average petrol prices across the United States have dropped to about $2.79 a gallon, marking the lowest national level in roughly five years and delivering tangible relief to households after a prolonged period of volatility at the pump. Data compiled from nationwide fuel surveys show the decline has been broad-based, with most states reporting steady week-on-week falls as winter demand ebbs and supply conditions improve. The slide […]
UAE authorities and major lenders have warned customers to stay on high alert after disclosures of a dangerous WhatsApp security flaw that can allow attackers to compromise smartphones through a single call, exposing banking credentials, personal data and private communications. Advisories circulated by banks and cyber security teams say the vulnerability exploits the way WhatsApp handles voice calls, enabling so-called zero-day or zero-click attacks that do […]
African carriers outperformed global peers as air travel demand climbed to a November peak, underscoring a broad-based recovery in cross-border movement and a steady recalibration of airline capacity. International travel drove the expansion, with revenue passenger kilometres rising 7.7% year on year, while total international capacity increased 7.1%, lifting the load factor to 84.0%, the highest recorded for the month. The data point to a market where […]
Public spaces across Downtown Dubai were restored in under 55 minutes after New Year’s Eve celebrations, as Emrill completed a large-scale overnight clean-up following one of the city’s biggest annual events. More than 308 team members were deployed across the district to clear waste, reset streets and pedestrian zones, and return key public areas to normal use before early-morning activity resumed. The operation, delivered for the thirteenth […]
Lowering the legal age of adulthood to 18 has been written into a far-reaching overhaul of the country’s civil legal framework, a step the authorities say is intended to align civil capacity with contemporary economic and social realities while widening opportunities for younger people to participate fully in the economy. The change is embedded in a newly issued Federal Decree Law promulgating the Civil Transactions Law, which […]
Arabian Post Staff -Dubai Saudi Basic Industries Corporation has agreed to divest its European petrochemicals arm and its engineering thermoplastics operations across the Americas and Europe, marking a significant portfolio shift by the chemical producer as it sharpens its focus on core businesses. The company said it has signed a definitive agreement with Germany’s AEQUITA SE & Co. KGaA to sell 100 per cent of its shares […]
Arabian Post Staff -Dubai Saudi-based developer Dar Global has confirmed plans to launch two Trump-branded luxury developments in Riyadh and Jeddah with a combined value of about $10 billion, marking one of the most ambitious foreign-branded property ventures tied to the kingdom’s urban transformation drive. Chief executive Ziad El Chaar said the projects will anchor premium hospitality, residential and leisure offerings in locations central to Saudi Arabia’s […]
A high-profile dispute within the XRP online community has spilled into federal court, with crypto entrepreneur Jake Claver filing a $30 million defamation lawsuit against influencer Zach Rector, alleging a sustained smear campaign that damaged his reputation, commercial relationships and earning capacity. Court records show the complaint was lodged on January 9, 2026, in the U. S. District Court for the Western District of Washington. Claver’s filing […]
Publisher Hooded Horse has imposed a blanket ban on the use of AI-generated assets across all games it releases, marking one of the clearest industry rejections of generative art tools at a time when many studios are experimenting with them. The policy applies to every stage of development and is written directly into publishing contracts, making compliance a legal as well as creative requirement. The stance was […]
Arabian Post Staff -Dubai Saudi Arabia has moved to open its real estate market to foreign ownership, marking one of the most consequential shifts in the Kingdom’s investment policy as it seeks to diversify its economy and deepen capital inflows beyond hydrocarbons. The reform allows non-Saudis to buy a broad range of properties, including residential, commercial, agricultural and industrial assets, with the option to purchase land for […]
China’s commerce authorities have set out plans to reinforce the country’s legal and regulatory architecture governing trade, placing export controls and supply-chain risk management at the centre of economic policy for the year ahead. The agenda, outlined by the Ministry of Commerce of the People’s Republic of China, reflects Beijing’s determination to shield domestic industries from external shocks while maintaining its position as a pivotal node in global manufacturing and logistics networks.
Officials said the push will focus on tightening the legal framework that underpins foreign trade, improving the design and enforcement of export control mechanisms, and strengthening early-warning systems to guard against disruptions. The ministry described supply-chain resilience as a strategic priority, arguing that legal certainty and predictable controls are essential to sustaining economic stability amid persistent geopolitical tensions and shifting global demand.
Export controls have become a particularly sensitive policy lever for China as advanced technologies, critical minerals and dual-use goods face growing scrutiny worldwide. Over the past two years, Beijing has expanded the scope of its export control regime, introducing licensing requirements and compliance obligations that mirror, in some respects, measures imposed by other major economies. Officials now say further refinement is needed to close loopholes, clarify enforcement standards and ensure that rules are aligned with broader industrial and security objectives.
The commerce ministry’s policy outline also emphasises the need to improve coordination among regulators, customs authorities and law-enforcement agencies. By streamlining oversight and information-sharing, Beijing aims to reduce regulatory fragmentation that businesses have long complained adds cost and uncertainty to cross-border operations. Officials argue that a more coherent system will help enterprises navigate compliance requirements while allowing the state to respond more swiftly to emerging risks.
Legal experts in China note that the emphasis on statutory clarity signals a shift away from ad hoc administrative guidance towards more formalised rules. This approach, they say, could provide companies with clearer expectations, particularly foreign-invested firms that often struggle to interpret policy signals. At the same time, stronger legal backing for export controls may give regulators broader discretion to act when national security concerns are invoked.
The policy direction comes as global supply chains continue to recalibrate. Trade frictions, sanctions regimes and technology restrictions have prompted multinational companies to reassess sourcing strategies, diversify production bases and build redundancy into logistics networks. China, while seeking to retain its manufacturing dominance, has also encouraged domestic firms to reduce exposure to external vulnerabilities by investing in upstream capabilities and alternative markets.
Officials have framed the new priorities as part of a broader effort to balance openness with security. While reaffirming commitments to trade facilitation and market access, the commerce ministry stressed that safeguarding key sectors and technologies remains non-negotiable. This dual emphasis reflects guidance from top leadership that economic policy must serve both development and security goals, a theme repeatedly highlighted in speeches by Xi Jinping.
Industry analysts say the strengthened export control regime is likely to have uneven effects across sectors. Producers of high-tech components, rare earths and advanced materials may face tighter scrutiny, while exporters of consumer goods could see limited direct impact. However, the broader compliance environment may become more demanding, requiring companies to invest in legal expertise, internal controls and supply-chain mapping.
Foreign chambers of commerce in China have previously urged authorities to ensure transparency and proportionality in export control enforcement. Businesses worry that ambiguous rules or retroactive application could disrupt contracts and undermine confidence. The commerce ministry has sought to address these concerns by signalling that legal reforms will be accompanied by clearer guidance and procedural safeguards, though details on implementation timelines remain limited.
Beyond export controls, the policy outline highlights risk prevention across trade finance, logistics and overseas investment. Officials pointed to the need for monitoring mechanisms that can detect stress points early, whether arising from financial volatility, shipping bottlenecks or regulatory changes abroad. Strengthening such systems, they argue, will help Chinese firms adapt more quickly and reduce the likelihood of cascading disruptions.
JPMorgan Chase has played down claims that stablecoins pose a systemic threat to the banking sector, diverging from warnings issued by banking trade groups that argue the growth of yield-bearing digital tokens could drain deposits and undermine credit creation across the United States. The debate intensified after the American Bankers Association sent a letter to the U. S. Senate cautioning that certain stablecoins, particularly those offering interest […]
Robinhood Markets has set out plans to build an Ethereum layer-2 network as part of a broader push to deepen its role in crypto trading, tokenised equities and on-chain yield products, arguing that anchoring the project to Ethereum’s security is central to winning user trust and regulatory confidence. The brokerage, best known for commission-free equity trading, says the layer-2 is designed to handle higher transaction volumes at […]
Federal regulators have approved a major expansion of SpaceX’s Starlink satellite network, clearing the company to deploy up to 7,500 additional second-generation spacecraft and lifting the authorised constellation to about 15,000 satellites, a decision that deepens the company’s lead in the fast-growing satellite broadband market while tightening safeguards around orbital congestion and interference. The Federal Communications Commission’s order allows SpaceX to activate the first tranche of its […]
Arabian Post Staff -Dubai Dubai is positioning itself as a magnet for global content creators, with the Dubai Chamber of Digital Economy setting out the emirate’s pitch as a base where talent, technology and market access converge. The chamber says Dubai’s ability to attract specialised creative professionals, alongside its digital infrastructure and business-friendly regulation, has become a decisive advantage for creators who depend on high-end production teams […]
By Nitya Chakraborty U.S. commerce secretary Howard Lutnick’s stunning podcast on Thursday claiming that the bilateral India-US trade deal was almost ready but was not signed as Prime Minister did not call the U.S. President Donald Trump as was expected by the Americans. This lack of proper gesture on the part of the Indian PM […]
The article Modi Mustn’t Rush To Appease Trump On Trade Deal, Explore Options appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Polygon Labs has rolled out a new financial infrastructure initiative branded the Open Money Stack, positioning it as a foundational layer for what the company describes as the next stage in the evolution of Polygon’s blockchain ecosystem. Announced on January 8, the framework is designed to bring together payments, decentralised finance and tokenised assets into a unified, open system aimed at both developers and institutions seeking […]
GameStop has begun shutting down hundreds of brick-and-mortar outlets across the United States, signalling another sharp contraction in the physical videogame retail business as consumer spending patterns and distribution models continue to evolve. The videogame retailer, once a ubiquitous presence in shopping malls and high streets, has confirmed that a significant number of stores have been closed or earmarked for closure as part of an ongoing rationalisation […]
Arabian Post Staff -Dubai Airlines operating from the Gulf sharply curtailed services to Iran on Friday as unrest inside the country prompted rapid operational reviews, disrupting travel links between Dubai, Doha and several Iranian cities while carriers weighed safety and regulatory considerations. Schedules published by Dubai’s airport operator showed multiple cancellations on routes linking Dubai with Tehran, Shiraz and Mashhad. A spokesperson for flydubai said all services […]
African policymakers and market operators are accelerating efforts to deepen trade within the continent by leaning on digital payment systems that promise faster settlements, lower costs and broader access for businesses of all sizes. The push comes as governments and private players seek to convert the African Continental Free Trade Area from a legal framework into a functioning commercial ecosystem that moves goods, services and capital more […]
President Donald Trump pressed executives from major oil companies on Friday to commit at least $100 billion of private capital to rebuild Venezuela’s depleted oil industry, but several leaders voiced deep reservations about the risks and structural barriers to doing business in the South American country. The meeting, held in the East Room of the White House and attended by representatives from ExxonMobil, Chevron, ConocoPhillips and other […]
RAKBANK has secured in-principle approval from the Central Bank of the UAE to issue a dirham-backed stablecoin, marking a significant step in the country’s effort to anchor digital finance within a regulated banking framework. The approval places the Ras Al Khaimah-based lender among a widening circle of UAE financial institutions seeking to deploy tokenised money for payments, settlements and treasury use as demand accelerates across regional and […]
Crypto exchange OKX has cut a significant portion of staff from its institutional business as part of a wider global restructuring, people familiar with the matter said, marking one of the most substantial internal overhauls at the company since it began expanding beyond retail trading. According to one source with knowledge of the changes, roughly one-third of the institutional sales team has exited, either through redundancies or […]
