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Dubai has welcomed 8.68 million international visitors between 1 January and 31 May 2025, reflecting a 7 per cent increase compared with the 8.12 million who arrived during the same period in 2024, according to the Tourism Performance Report from the Dubai Department of Economy and Tourism. In May alone, the city hosted 1.53 million international tourists.

Western Europe emerged as the largest source market, supplying approximately 1.917 million visitors—or 22 per cent of the total. Trailing behind were Russia, the Commonwealth of Independent States and Eastern Europe with around 1.396 million tourists. South Asia contributed 1.242 million visitors, while the Gulf Cooperation Council countries accounted for 1.275 million. The Middle East and North Africa numbers reached 989,000, with Southeast and Northeast Asia, the Americas, Africa and Australia following with 9 per cent, 7 per cent, 4 per cent and 2 per cent shares respectively.

Hotel inventory expanded slightly, reaching 825 establishments with 153,356 rooms by the end of May, up from 822 hotels offering 150,202 rooms a year earlier. Occupancy averaged 83 per cent across the five-month span, climbing two percentage points from 81 per cent in 2024. Total occupied room nights reached 19.09 million, a 4 per cent increase over the previous year’s 18.34 million.

Average visitor stays remained steady at 3.8 nights—even as room rates climbed. The average daily rate rose to AED 620, while revenue per available room increased to AED 513, marking a 7 per cent improvement.

These figures follow a landmark 2024 for Dubai, which attracted a record 18.72 million international overnight visitors—an increase of 9 per cent compared to 17.15 million in 2023. At the close of 2024, hotel capacity stood at 832 properties with 154,016 rooms, confirming the city’s commitment to expanding hospitality infrastructure.

Analysts attribute this growth to strengthened global connectivity, robust destination marketing campaigns and a curated events calendar. In Q1 2025, Dubai recorded a 3 per cent year‑on‑year rise in visitor numbers from 5.31 million in the first quarter of last year. Regional data from the same period finds Western Europe contributing 22 per cent, CIS and Eastern Europe 17 per cent, and GCC countries 15 per cent.

Commenting at the Arabian Travel Market expo, Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, underlined the role of tourism as a gateway for inward investment, talent and trade. He highlighted new partnerships with Amadeus, Premier Inn Middle East and Hyatt, plus training collaborations between the Dubai College of Tourism and Marriott, aimed at enhancing Emirati workforce participation.

Industry observers note that average daily rates in the hospitality sector climbed to AED 647 in Q1, underpinned by stronger ADR and occupancy figures. Sustainable tourism initiatives also gained traction; over 150 hotels have since earned the Dubai Sustainable Tourism Stamp—a 118 per cent year‑on‑year increase.

Dubai’s appeal spans an array of demographics. While Western Europe remains the single largest source market, growth from South Asia, the GCC, CIS countries, and Southeast Asia reflects diversified outreach efforts. Leisure, business travel and high-profile events are all contributing factors.

Capacity expansion has run in parallel with evolving demand. Investments continue not just in hotel rooms but in broadening the tourism ecosystem—spanning cultural attractions, entertainment venues and transport links. Airport infrastructure upgrades and added flight routes further bolster access for key markets.

Despite the sustained momentum, the industry faces challenges including seasonal weather variations, geopolitical volatility and budget competition from other destinations. However, Dubai’s consistently high ADR and RevPAR metrics suggest healthy pricing power across its hospitality sector.

The emirate’s strategy emphasises quality over quantity, focusing on richer, high-yield tourism segments including luxury experiences, MICE, health tourism and eco‑conscious travel. This is aligned with the broader economic vision outlined under the Dubai Economic Agenda, aiming to double the size of the economy by 2033.

Continued collaboration between government bodies, private-sector operators and international partners is central to sustaining this trajectory. As global travel rebounds from pandemic-era disruption, Dubai is leveraging its infrastructure depth, event portfolio and marketing muscle to strengthen its position in the upper echelons of global tourist destinations.

Economic projections for 2025 remain positive. With visitor numbers tracking ahead of last year’s pace and average daily rates increasing, tourism is projected to deliver significant contributions to GDP and related sectors such as transport, retail, entertainment, F&B and real estate.

U.S. President Donald Trump has announced that American and Iranian officials will meet next week to discuss Tehran’s nuclear ambitions, following a concerted military campaign that he claims has effectively neutralised key Iranian enrichment facilities. The announcement came at the NATO summit in The Hague.

Trump defended the use of bunker-busting bombs against the Fordow, Natanz and Isfahan sites, asserting they had been “obliterated” and describing the bombing campaign as a decisive blow to Iran’s nuclear programme. He struck a triumphant tone, crediting the strikes with hastening the end of the 12-day conflict between Israel and Iran, though he expressed reservations about formalising a diplomatic agreement: “We may sign an agreement. I don’t know, to me, I don’t think it’s that necessary,” he told reporters.

U.S. intelligence assessments, however, diverge on the scale of success. A preliminary report from the Defence Intelligence Agency concluded the setbacks to Iran’s nuclear efforts might be limited to a matter of months, not years. CIA Director John Ratcliffe affirmed that the programme had been “severely damaged” but stopped short of declaring it destroyed. Israeli officials estimated the setbacks to be multi‑year, while the International Atomic Energy Agency emphasised uncertainties over Iran’s stockpile and called for robust inspections.

Diplomatic activity has meanwhile resumed. This U.S.–Iran meeting will follow six rounds of indirect talks mediated by Oman and Italy, which collapsed in mid‑June as the military confrontation intensified. Earlier this week, European envoys from the E‑3—France, Germany and the UK—engaged in direct negotiations in Geneva with Iran’s Foreign Minister Abbas Araghchi. Those discussions aimed to bridge differences after stalled U.S. efforts.

White House special envoy Steve Witkoff reiterated red‑line U.S. stipulations ahead of next week’s meeting: Tehran must renounce nuclear weaponisation and accept restrictions on uranium enrichment. He noted the U.S. is open to crafting a comprehensive peace framework, building on what Trump described as a de‑escalation following “a victory for everybody”.

From Tehran, Iranian officials have not confirmed next week’s meeting but emphasised national security. The Iranian parliament accelerated a bill to suspend cooperation with the IAEA, pending guarantees for the safety of nuclear infrastructure targeted in the strikes. Parliament Speaker Mohammad Bagher Qalibaf accused the IAEA of failing to condemn the U.S. attack. Meanwhile, IAEA Director General Rafael Grossi urged renewed inspections to clarify the status of enriched uranium moved before the bombings.

Regional and global actors are also weighing in. France has called for robust diplomacy to carve a sustained peace path. China has echoed the call for diplomatic restraint. Israel hailed the strikes as a critical setback to Iran’s programme; Israeli Prime Minister Benjamin Netanyahu endorsed Trump’s strong posture and emphasised the need to keep pressure on Tehran.

Analysts note the gravity of waging diplomacy in the shadow of military action. One specialist observed that while bombings may degrade enrichment infrastructure, they can complicate trust and cooperation needed for inspections and verification. Moreover, uncertainty lingers over the status of highly enriched uranium caches. Rebuilding diplomatic channels will require assurances, reciprocal transparency, and a mutual understanding of consequences.

Trump has warned that if Iran attempts to rebuild its nuclear programme, the U.S. is prepared to act again: “Sure,” he said when asked about further strikes. Yet the pendulum has swung toward a blend of military deterrence and diplomatic engagement.

As next week’s talks approach, key questions remain: who will represent each side, where the dialogue will occur, and whether the focus will be solely nuclear constraints or broader regional stability. White House administration officials have yet to disclose details, but the U.S. envoy confirmed Washington’s intent is to establish a framework that could replace the 2015 agreement.

Trump also signalled openness to exploring a bilateral relationship beyond nuclear confines: “We’ll end up having something of a relationship with Iran,” he said, as long as Tehran adheres to non‑weaponisation terms.

As the diplomatic window opens under the spectre of military force, the world watches to see whether this fragile blend of coercion and conciliation can unfold into a sustainable agreement—one that might ensure Iran never pursues nuclear weapons and stabilises a volatile region.

SINGAPORE – Media OutReach Newswire – 26 June 2025 – Singapore based fintech ROSHI has released a new report analysing credit card debt levels across Southeast Asia, providing insights into how consumers in the region are managing high-interest unsecured debt amidst ongoing economic pressures. Credit Card Debt in ASEAN and Beyond 2025 The report reveals that Singapore has one of the highest average credit card balances in […]

LOMBOK, INDONESIA – Media OutReach Newswire – 26 June 2025 – Mirah Investment & Development is proud to announce the soft launch of Kuara Resort, a boutique beachfront retreat on the southern coast of Lombok, Indonesia. Kuara Resort – Lombok, Indonesia With just 16 thoughtfully designed villas, Kuara offers an intimate, slow-paced escape rooted in the natural beauty, cultural heritage, and warm hospitality of the Southern Lombok […]

By Saifur Rahman A number of UAE developers are entering the lucrative US$110.83 trillion real estate market in the United States, after their success in the UAE, which saw real estate transactions exceeded Dh893 billion last year. Americans are also one of the top ten nationalities to invest in the UAE’s real estate market where rental yield ranges between 7 to 9 percent. “Emirati investments in the […]

Denmark’s Ministry for Digital Affairs has begun replacing Microsoft Office 365 with LibreOffice and is exploring wider adoption of Linux, citing a strategic imperative to reduce dependency on foreign software providers. Caroline Stage Olsen, Minister for Digital Affairs, stated that nearly half the ministry’s staff will complete the switch this summer, with full implementation scheduled by autumn. While Windows remains in use, Office products are being phased […]

Claira, a New York–based deal intelligence platform, has closed a $7 million seed funding round co-led by Barclays and Citi, alongside Reimagine Tech Ventures. Additional backing came from Activant Capital, KDX and OPCO Ventures. Claira’s platform integrates domain-native artificial intelligence directly into deal workflows, enabling banks, private-credit funds and financial institutions to speed up due diligence, unlock historical deal insights and scale decision‑making processes. Founder and chief executive […]

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Researchers in Sweden have created a pulse‑activated microwave amplifier that reduces power usage by a factor of ten while preserving qubit data integrity—an advance that promises to accelerate the growth of scalable quantum computers. A team at Chalmers University of Technology reports that its new low‑noise amplifier only activates during qubit read‑out pulses, cutting average power consumption to roughly one‑tenth that of current systems. By shedding the […]

Greenlogue/AP A newly released global analysis reveals that funding for climate adaptation in the world’s most hazard-prone nations has dropped sharply, leaving them dangerously exposed to floods, heatwaves and storms. The Climate Risk Index 2025, based on data spanning 1993 to 2022 from EM-DAT, the World Bank and IMF, found that more than 765,000 people died and nearly US$4.2 trillion was lost in direct economic damage due to […]

Elon Musk has disclosed plans to overhaul xAI’s conversational system Grok by essentially reconstructing its entire knowledge foundation. Frustrated with what he describes as “garbage” and “uncorrected data” in the model, Musk intends to launch Grok 3.5—potentially rebranded as Grok 4—with enhanced reasoning capabilities that will first re-write the entire corpus of human knowledge before retraining the model on that curated dataset. Musk wilted no words on X, characterising […]

HONG KONG SAR – Media OutReach Newswire – 25 June 2025 – DL Holdings Group Limited (1709.HK) issued a voluntary announcement to the Hong Kong Stock Exchange on June 24, 2025, stating that it has signed a non-legally binding term sheet with ViaBTC Holdings Limited (hereinafter referred to as “ViaBTC”). The two parties plan to establish a joint venture to initiate in-depth collaboration and jointly explore the […]

Poland has become the first European country to pilot palm vein–based biometric payments, while Tencent is advancing similar technology in Thailand, setting the stage for a wider rollout across Southeast Asia. Autopay’s HandGo system and Tencent’s palm biometrics reflect a growing global interest in contactless and secure transaction methods.

Autopay has initiated a pilot of HandGo by allowing customers at select venues—such as the Limitless sauna complex in Sopot—to make purchases by placing their palm on a scanner. Once a user links a payment card in the Autopay app, they register their palm vein pattern via QR-triggered enrolment. A digital hand token is then stored securely, enabling future transactions without a card, smartphone, or smartwatch. Autopay emphasises that no actual image of the hand is stored—only encrypted vein pattern data and a payment token meeting PCI‑DSS standards. Company executives describe the offering as a potential game‑changer for wellness and sports facilities, emphasising convenience and hygiene.

Globally, competitors already include Amazon’s Amazon One and Alipay’s PL1 device. Autopay distinguishes itself in Poland by being the nation’s first palm-auth payment provider, placing it alongside early vein‑scanning efforts by BPH bank and fintech Payvein. Another biometric contender, PayEye, combines iris and facial recognition for payment authorisation. Despite its versatility, PayEye requires merchants to deploy specialised terminals that support both biometric and traditional card payments, boosting acceptance rates.

Meanwhile, Tencent Cloud is intensifying its push into palm biometrics in Thailand. Vice‑president Jimmy Chen told the Bangkok Post that the country, backed by its “Cloud First” policy and digital transformation initiatives, makes an ideal launchpad. Tencent is collaborating with local technology firms such as MFEC and True IDC to test the system across multiple sectors, including convenience stores, retail, entertainment, education and finance. Early trials in venues like 7‑Eleven, Siam Commercial Bank, and The Mall Group underscore a focus on Thailand’s tourism-driven retail sector, where international visitors may welcome a card- or cash-free experience.

Tencent Cloud’s palm recognition has already been implemented in China at Beijing Airport Express, Shenzhen University, and numerous 7‑Eleven outlets. The system uses infrared imaging to analyse both surface palm lines and the vein network beneath the skin. Data is encrypted and stored with irreversible transformation to safeguard privacy. The architecture integrates local data centres—in Thailand’s case—with no cross-border transfers, aligning with regulatory frameworks. Analysts from GlobalData suggest that if the trials succeed, Thailand could become the gateway for adoption across Indonesia and Malaysia, offering scalability and enhanced security compared with fingerprint or facial recognition.

The initiative follows earlier pilot projects: Tencent partnered with Visa in Singapore in November 2024 during the Fintech Festival, allowing DBS, OCBC and UOB cardholders to enrol palm biometrics at café POS terminals and make payments thereafter through voice‑free palm scans. Tencent’s palm system, recognised with a Fintech Excellence Award in Singapore, reportedly supports transaction speeds within a second, even under poor lighting or wet conditions.

In Southeast Asia, Alipay’s PL1 palm scanner is already deployed across several markets. PL1 requires users to enrol their palm lines and vein data, then allows tap‑free transactions at metro gates, buses and retail outlets. The competitive landscape also includes Amazon’s Whole Foods adoption of palm scan technology in the US and pilot programmes by J.P. Morgan and Mastercard for palm‑based checkout systems.

Dubai welcomed 8.68 million international tourists between January and May 2025, marking a 7 per cent increase over the 8.12 million recorded in the same period last year. The figures, published by the Dubai Department of Economy and Tourism, highlight the emirate’s growing appeal as a global destination.

The surge was fuelled by a record-breaking 1.53 million visitors in May alone, underscoring sustained momentum through spring. Western Europe emerged as the dominant source market, contributing 1.917 million arrivals—or 22 per cent of the total—with Russia, the Commonwealth of Independent States and Eastern Europe supplying 1.396 million. South Asia accounted for 1.242 million and the Gulf Cooperation Council added 1.275 million. Other regions included the Middle East and North Africa with 989,000 visitors, Northeast and Southeast Asia at 771,000, the Americas tallying 601,000, Africa contributing 346,000 and Australia at 141,000.

Hotel capacity in Dubai climbed modestly to 825 establishments offering 153,356 rooms by the end of May, up from 822 hotels and 150,202 rooms in May 2024. Occupancy rose to an average of 83 per cent, compared with 81 per cent the previous year, while occupied room nights reached 19.09 million—a 4 per cent increase.

Visitors stayed for an average of 3.8 nights. The average daily room rate climbed 5 per cent to AED 620, from AED 590 year‑on‑year, and revenue per available room grew 7 per cent, reaching AED 513.

Industry analysts point to an ambitious events calendar and continued upgrade of transport and hospitality infrastructure as key drivers. The city’s record-breaking 2024 performance—18.72 million international arrivals—has been followed by strong early results this year, suggesting a positive trend. By scaling supply and boosting visitor experience, Dubai continues to fortify its position in the global tourism hierarchy.

Efforts to diversify offerings have extended beyond five-star resorts, as mid‑scale and boutique hotels gain prominence. Projects such as the skyscraper‑hotel “Ciel Dubai Marina” reflect innovation in accommodation, although these newer entries have yet to substantially influence overall room numbers.

Air connectivity also remains critical. Emirates Airline and flydubai have expanded routes across Western Europe, South Asia and emerging markets in the CIS, enabling smoother access to Dubai’s attractions. Tourism authorities are collaborating with carriers and event organisers to synchronise offerings with major exhibitions and festivals.

Although occupancy remains high, some operators report margin pressure due to rising operational costs. The steady uptick in RevPAR, however, indicates that value strategies and premium positioning continue to offset cost challenges. Observers note that managing rate inflation while preserving footfall will be key in sustaining growth.

Growth in South Asian visitor numbers—up 14 per cent—aligns with strengthened marketing partnerships, tailored visa processes and cultural programming. The GCC’s contribution highlights regional integration and growing leisure travel within the Gulf bloc.

Despite global economic uncertainties, Dubai’s performance demonstrates resilience and targeted policy interventions. The city’s continued appeal across a range of segments—from luxury seekers to business travellers and families—suggests adaptability in a competitive market.

On the horizon, new developments such as the Deira Islands and the introduction of sustainability‑focused resorts are expected to further enrich visitor experiences. Operators say that forthcoming supply will align closely with demand, maintaining balanced occupancy and revenue growth.

Tether chief executive Paolo Ardoino has pledged to catapult the company into the position of the world’s leading Bitcoin miner by the end of 2025, asserting that crypto‑mining is key to safeguarding its $10 billion‑plus Bitcoin reserves. He outlined a sweeping strategy centred on large‑scale investment in mining and energy infrastructure across Latin America.

Ardoino said Tether has already channelled upwards of $2 billion into mining and energy systems and is now accelerating deployment. While the company’s precise hash‑rate remains confidential, executives emphasise that their investment reflects both scale and strategic intent. The mining push forms part of a broader financial architecture designed to secure the firm’s Bitcoin holdings and further embed it within the Bitcoin ecosystem.

The announcement emerged at the Bitcoin Conference in Las Vegas, where Ardoino noted Tether’s robust earnings—reporting a $13 billion profit in 2024—and a sizeable portfolio of U.S. Treasuries. He revealed the firm holds more than 100,000 BTC and hinted that the mining operation will leverage renewable energy sources supporting its underlying reserves.

Tether is concurrently preparing to open‑source its Bitcoin Mining Operating System, which the company says will democratise mining by enabling participants ranging from individual Raspberry Pi setups to large‑scale farms to connect into secure point‑to‑point networks. The move is intended to broaden participation, enhance resilience of the Bitcoin network, and solidify Tether’s position as a leader in infrastructure innovation.

Energy infrastructure forms a crucial part of Tether’s strategy. Ardoino highlighted investments across Latin America in renewable energy projects, including substantial commitments in Uruguay and El Salvador, where Tether relocated its headquarters and backs geothermal initiatives through a project known as Volcano Energy. These investments reflect a dual focus: securing clean, reliable power for mining and contributing to regional energy resilience.

The strategic rationale centres on mitigating the risks of holding large Bitcoin reserves. Mining, Ardoino explained, provides not only operational control but also reinforces financial sovereignty, anchoring assets within a secured blockchain‑based ecosystem. By internalising hash‑rate and power sources, Tether aims to shield its holdings from external dependency and volatility.

Security considerations have informed the launch of MOS. As a decentralised architecture, the system allows devices to operate without reliance on central servers, reducing vulnerability to single‑point failures or third‑party disruptions. Looking ahead, Tether plans to integrate artificial‑intelligence tools into MOS to monitor performance and optimise operations in real time.

Tether’s move into open‑source mining software dovetails with its broader tech ambitions. Ardoino introduced QVAC, an AI platform that uses non‑custodial wallets, and unveiled plans for a Bitcoin‑centric wallet developed with Rumble. These projects underscore Tether’s strategy to embed Bitcoin deeper into digital finance and expand its ecosystem services.

Market observers note that Tether’s mining ambition places it in direct competition with publicly traded mining firms. Although exact hashrate figures are absent, the scale of investment and reserve holdings suggest that surpassing existing miners is credible by late 2025. Tracking progress will require scrutiny of deployment timelines and performance metrics, which Tether has declined to specify.

Financial analysts regard Tether’s diversified asset approach—spanning Bitcoin, gold and U.S. Treasuries—as a deliberate hedge strategy. The large Bitcoin reserves, reportedly worth over $10 billion, alongside substantial gold and treasury holdings, underpin a multifaceted capital structure. By converting passive holdings into active mining assets, Tether aims to generate operational yield and enhance asset security.

Critics of large‑scale corporate mining warn of environmental strains and centralisation risks. Tether’s emphasis on renewable energy uptake and decentralised software architecture reflects an attempt to mitigate these concerns. If MOS and energy projects deliver as promised, the model may provide a template for sustainable, corporate-scale participation in Bitcoin mining.

Next steps include the public release of MOS, scheduled for later in 2025, alongside scaling up of energy infrastructure across targeted Latin American sites. Close monitoring of mining output, energy efficiency, and systems performance will determine whether Tether’s pledge translates into actual dominance in global Bitcoin mining.

A newly disclosed series of vulnerabilities in Realtek’s Bluetooth Low Energy implementation jeopardises the stability and security of connected devices, with one issue rated medium and another deemed high severity. The exposed flaws, affecting the RTL8762E BLE SDK version 1.4.0 and its EKF‑EVB derivative, allow attackers to trigger denial‑of‑service conditions during the pairing process by injecting crafted packets at precise stages. The first flaw, identified as CVE‑2024‑48290, […]

Dubai’s skyline is poised to gain a striking addition as OMNIYAT officially unveiled its Visionary commercial tower, Lumena, a 48-storey ultra‑luxury workplace development on Sheikh Zayed Road, scheduled to open in the fourth quarter of 2029. The project, valued at AED 3.6 billion, will comprise 91 customizable office units, including full‑floor, half‑floor and standard spaces with panoramic glazing, state‑of‑the‑art biophilic design and smart‑building technology. Shortly after its launch at […]

 Small and medium-sized companies need more than just spreadsheets and simple systems to be competitive in today’s fast-paced, digital market. They need a single platform that makes finance, operations, sales, and customer support easier. That too, while still being able to grow and provide them real-time data.    Microsoft Dynamics 365 Business Central helps small and medium-sized enterprises run their businesses more effectively. It works well with Office […]

Barclays will prohibit customers from using personal credit and debit cards for any cryptocurrency transactions from 27 June 2025. The decision, targeting consumer protection, stems from mounting regulatory pressure and rising concerns over debt and fraud linked to crypto purchases.

The bank’s initiative aligns with guidance from the UK Financial Conduct Authority, which has flagged credit-fuelled crypto investments as high‑risk. Starting late June, any attempt to buy cryptocurrencies—such as Bitcoin or Ethereum—via personal Barclays cards will be automatically declined.

Barclays emphasises that this move is about protecting customers from potentially volatile assets acquired under credit. A spokesperson noted that while personal cards are blocked, other payment methods remain available. The bank asserts that safeguarding consumer finances remains its priority.

The FCA has long warned about the dangers of unregulated crypto assets, especially when purchased on credit. Consumers may accumulate unmanageable debt rapidly if asset prices tumble. Barclays’ policy mirrors earlier actions by Nationwide, Lloyds, and HSBC, which have instituted similar restrictions in recent years.

Industry observers suggest the move reflects wider regulatory caution. “We challenge the proposed ban…as it unfairly equates legitimate investment activity with gambling,” representatives from the UK Payments Association said. They argue customers deserve autonomy but acknowledge the bank’s concern over addiction-like behaviours and debt accumulation.

Financial behaviour analysts note that this policy is likely to reduce impulsive crypto spending, especially among less experienced investors. One market strategist commented, “The withdrawal of credit-based routes to crypto is a logical policy to limit rapid losses when prices plunge.” It may also influence broader market dynamics if other major banks adopt similar stances.

Retail crypto platforms responded with caution. Some are exploring partnerships with open finance firms, enabling bank transfers or peer-to-peer methods that evade card-related restrictions. However, these solutions still face regulatory scrutiny.

The FCA anticipates that removing credit channels will also decrease susceptibility to scams. Fraudulent schemes often exploit lending mechanisms to siphon user funds—something Barclays hopes to curtail under its new rule.

Barclays’ action adds to a string of regulatory-led shifts. After blocking card payments to Binance in July 2021, in line with an FCA notice, the bank has maintained a cautious approach. Now, the new policy encompasses all crypto transactions, regardless of the provider. While withdrawals and direct payments from existing accounts remain permitted, no credit is extended to purchase digital assets.

Crypto firms warn that this may inadvertently push users towards unregulated or foreign exchanges, increasing systemic exposure risks. They advocate for balanced regulation that allows innovation while shielding vulnerable consumers.

Despite industry pushback, Barclays notes that the measure only affects purchases with credit cards and does not restrict broader digital finance use. It emphasises support for regular account holders, offering alternative payment methods such as debit card direct transfers and open banking options.

By Dr. Gyan Pathak Government of India led by the Prime Minister Narendra Modi is observing June 25, 2025, as the first Savmidhan Hatya Diwas (the Day of Killing the Constitution of India), to remember the day of proclamation of emergency at midnight of June 25, 1975 in the country by the then prime minister […]

Trellix’s Advanced Research Center has documented a red team exercise named OneClik, simulated Advanced Persistent Threat tactics against entities within the energy, oil, and gas sectors. The red team employs sophisticated phishing lures and exploit Microsoft ClickOnce, a.NET deployment tool, to execute malware under the guise of trusted applications. This campaign exhibits hallmarks consistent with Chinese-affiliated threat actors, according to the researchers. Phishing emails played a central […]

Qatar Islamic Bank has rolled out the QIB Junior App, marking the nation’s inaugural “figital” banking solution tailored for children and teenagers. The new app enables guardians to supervise allowances, instil sound financial habits and foster independence, all while maintaining comprehensive parental oversight.

The launch reflects a broader shift in digital finance, blending app-based convenience with in-branch oversight—a hybrid model dubbed “figital.” Users can schedule pocket money, set spending limits and receive instant notifications whenever funds are used. The app also features age-appropriate financial literacy content, including interactive quizzes and short videos designed to teach smart saving and responsible spending.

Banking executives emphasise that QIB Junior aims to instil healthy money habits from an early age. Parents retain full control, with the ability to approve transactions and view spending history, alleviating concerns about safety and oversight. The platform integrates with existing QIB Minor and Misk accounts, allowing seamless fund transfers and real-time tracking via the parent’s primary banking app.

Industry analysts note the banking sector’s growing emphasis on early engagement. By introducing youth to structured money management within parental guardrails, banks hope to foster long-term customer loyalty and financial resilience. This user-centric, educational approach aligns with global trends, where banks in Europe and North America have increasingly introduced junior accounts to promote early financial inclusion.

According to the bank’s statements, the Junior App is now available on major app stores and follows recent enhancements to QIB’s digital services, including fully digital account opening and an Instant School Fee Payment feature. These developments reflect QIB’s ambition to maintain leadership in financial innovation within the region.

QIB is channeling significant resources into digital transformation, investing in AI and data analytics to deliver personalised experiences. The Junior App’s gamified features and secure allowance tools showcase QIB’s strategic shift towards targeting emerging customer segments while reinforcing its fintech credentials.

Parental feedback, gathered during pilot testing, was notably positive. One mother commented that the app “helps my son learn budgeting without losing oversight,” highlighting the dual focus on education and control. QIB reports high pilot engagement and suggests the full roll-out may include future enhancements like goal-setting tools and savings competitions among users.

Qatar’s regulatory environment supports such innovations. The central bank has encouraged development of fintech solutions aimed at youth, aligning with national financial literacy initiatives. QIB anticipates collaboration with schools and educational bodies to embed the app in classroom programmes.

Other banks in the region are beginning to follow suit. Emirates NBD and Mashreq have introduced junior banking features, though none combine learning modules, parental controls and standalone app functionality on par with QIB’s offering. QIB has therefore positioned itself at the forefront with its comprehensive figital solution.

Air India and IndiGo have recommenced services to the UAE after a suspension triggered by airspace closures amid the Israel–Iran conflict. Airlines halted operations on Monday following triggered restrictions from missile strikes on the U.S. Al Udeid Air Base in Qatar. With Gulf skies now reopening, the carriers have initiated phased resumption of flights, prioritising passenger safety and adjusted routing measures.

Reinstatement efforts began on Tuesday, with most Air India flights to and from the Middle East set to resume by 25 June. The airline confirmed European routes would also come back online, and services to the U.S. East Coast and Canada are slated to recommence “at the earliest opportunity”. IndiGo echoed this approach, stating operations through Gulf countries had “stabilised”, albeit with some flights rerouting around closed Iranian airspace, which may cause extended journey times. Air India Express has similarly resumed select West Asian routes, including those from Delhi and Mumbai to Muscat, Riyadh, Jeddah and key UAE destinations.

The sudden airspace closure followed Iran’s missile assault on Qatar’s Al Udeid base in retaliation to U.S. bombings of Iranian nuclear sites. Multiple states, including the UAE, Kuwait, Bahrain, Iraq and Qatar, sealed their skies, incurring over 160 flight diversions. Airlines including Air India, IndiGo, Gulf carriers, and major European operators were forced into rerouting, cancellations and prolonged airborne holds.

In Bengaluru, Kempegowda International Airport experienced significant disruption on Monday, as 21 international flights were either cancelled or diverted. Six incoming flights and ten departures were scrapped, while five services arriving from the Middle East were rerouted to Bengaluru. The affected flights included services from IndiGo, Air India, Akasa Air, Kuwait Airways and Gulf Air, connecting destinations such as Doha, Abu Dhabi, Jeddah, Kuwait, London, Dubai, Dammam and Bahrain. IndiGo has since issued advisories encouraging passengers to verify their itineraries via the airline’s app or website.

Airspace closures prompted widespread disruptions across India. At Delhi’s Indira Gandhi International Airport, 48 flights were cancelled. The closures also affected routes beyond the Gulf, with Air India suspending services to Europe, the East Coast of North America and Canada. Such decisions followed safety concerns reminiscent of past incidents involving civilian aircraft in conflict zones.

Air India’s messaging emphasised the phased nature of the restoration plan. The airline noted that most flights to the Middle East would resume by 25 June and affirmed regular updates to passengers via official channels. Delays and reroutings may continue temporarily as the network stabilises. The airline pledged to avoid airspace deemed unsafe by international aviation authorities. IndiGo’s CEO framed the resumption as “prudent and progressive”, committed to using the safest routes amid ongoing monitoring.

Industry experts highlight the additional burden on airlines due to these disruptions. Longer flight paths translate to higher fuel consumption and operational costs. Rival carriers in Europe and the Middle East have already adopted detours to bypass Israeli, Iraqi and Jordanian airspace, citing financial impacts and tighter margins. Brent crude oil briefly climbed to around $70.80 per barrel following the regional skirmishes, adding strain on airline fuel budgets.

Passenger advocacy groups have urged transparency from carriers during this phase. With unforeseen diversions and cancellations, travellers seek clarity on compensation, rerouting options and timely notifications. Airline platforms are now investing in real-time advisory systems to minimise frustration and smooth operational turbulence.

The current easing of tensions appears tied to a ceasefire agreement brokered by the United States, accepted by both Israel and Iran. Although hostilities continue in limited form, the reopening of Gulf airspace indicates improved conditions for aviation. Travel experts caution, however, that volatility may persist if diplomatic progress stalls or military exchanges recur.

For Indian travellers, the resumption of Middle East routes is particularly timely. The Gulf region is a major employment and transit hub, hosting millions of Indian nationals. Restored connectivity affects not only personal travel but also supply chains, cargo links and business routes vital to India’s economic relations with Gulf partners.

Looking ahead, most Indian airlines face a dual challenge: restoring pre-conflict schedules while preparing contingency plans for renewed tensions. Many are exploring additional over-water routes, flexible flight planning and enhanced coordination with aviation regulators. These efforts aim to ensure that in the event of future disruptions, passenger inconvenience is minimised and safety remains paramount.

Nairobi and towns across Kenya witnessed widespread demonstrations on 25 June as Kenyans marked one year since thousands breached the national parliament—a flashpoint sparked by anger over proposed tax hikes. The gatherings, under tight security, paid tribute to those killed and called for reform amid enduring grievances on police conduct, economic hardship and shrinking civic freedoms. Protesters—many of them young—held marches, candlelit vigils and laid flowers outside […]

Senegal’s public debt rose sharply to unsustainable levels by the end of March 2025, the finance ministry disclosed, underscoring an ongoing struggle between escalating expenditures and faltering revenue streams. Debt servicing costs soared by nearly 24 per cent during the first quarter of 2025, adding to a 44.5 per cent rise already tallied in the final quarter of 2024—bringing repayments to approximately US $1.4 billion last quarter. Two-thirds of […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA