Nvidia delivered record quarterly and annual revenue, beating Wall Street expectations and pushing back against claims that the artificial intelligence boom is overheating. The Silicon Valley chip designer said revenue for the fourth quarter of its fiscal year ended 26 January 2025 rose to $39.3 billion, up sharply from a year earlier and above market forecasts. Full-year revenue reached $130.5 billion, more than doubling on the previous […]
Arabian Post Staff -Dubai Heathrow’s chief executive has acknowledged that Istanbul Airport is poised to overtake the London hub as Europe’s busiest airport, intensifying pressure on the UK’s long-debated expansion plans. Thomas Woldbye told journalists that capacity constraints at Heathrow, coupled with Istanbul’s rapid growth and multi-runway architecture, were shaping a shift in continental air traffic rankings that could materialise as early as 2026 or 2027. This […]
Harbinger Motors has completed its acquisition of Phantom AI, a move that marks a strategic inflection point as the electric commercial vehicle maker pushes deeper into autonomous driving and software-enabled safety systems. The deal, first sealed in November 2025, brings Phantom’s advanced driver assistance systems under Harbinger’s umbrella and includes a licensing agreement with global automotive supplier ZF Group to expand computer-vision-based technology into passenger-car ADAS, creating […]
Arabian Post Staff -Dubai Samsung is preparing a significant shift in smartphone display technology, with industry reports suggesting that the forthcoming Galaxy S26 Ultra could feature a built-in privacy display capable of narrowing the screen’s viewing angle on demand. If introduced, the hardware-level function would allow users to shield on-screen content from bystanders without relying on detachable filters or software tricks. Details emerging from supply-chain briefings and […]
SINGAPORE – Media OutReach Newswire – 26 February 2026 – Veritickets, a next‑gen global ticketing platform, recently launched its website and mobile app. The platform pledges to issue confirmed, in‑stock tickets in as fast as 12 hours and offers multilingual interfaces and multi‑currency payment options to address major pain points for cross‑border buyers and streamline the purchase experience.
The platform also guarantees “100% verified tickets,” supported by a consumer‑protection policy that offers a full refund plus additional compensation of up to the ticket price if a ticket is not delivered. Users can access the service via the Veritickets website or by downloading the mobile app from various app stores.
Designed specifically for international buyers, Veritickets accepts major credit cards including Visa, Mastercard and JCB. It is also an officially certified partner of China’s leading payments and digital services open platform Alipay and of the cross-border e-commerce platform Tmall Global.
The platform has already listed multiple high‑demand events, including the BTS 2026-2027 World Tour, the World Cup 2026 and Stefanie Sun _After Sunset_ World Tour.
With an initial focus on Hong Kong, Macau and Southeast Asia, Veritickets is positioning itself as a global ticketing platform, aiming to deepen its presence across the Asia‑Pacific region while expanding into additional markets in phases.
To reduce search friction and enhance transparency, Veritickets aggregates official, vetted inventory into a single interface, enabling users to compare options efficiently. The platform provides real‑time availability and pricing, supported by an all‑in pricing model intended to minimize unexpected fees and last‑minute adjustments.
Its smart recommendation engine curates event suggestions based on user preferences. The platform also offers round‑the‑clock customer support and real‑time transaction verification as part of its agent supervision standards.
Veritickets is currently recruiting internationally qualified ticketing agents, requiring valid operating licenses, strong credit records and proven professional service capabilities. All agents must comply with stringent requirements, including real‑time ticket updates, instant transaction validation and round-the-clock customer support, ensuring a consistent and reliable experience for buyers worldwide.
Hashtag: #Veritickets
The issuer is solely responsible for the content of this announcement.
By Saifur Rahman UAE’s leading telecom operator Etisalat & (e&) has reported a 33.6 per cent jump in net profit to Dh14.4 billion (US3.92 billion) in 2025, compared to Dh10.8 billion (US$2.94 billion) recorded in 2024 with revenue growing at 23.1 per cent to Dh72.9 billion (US$19.86 billion), compared to Dh59.2 billion (US$16.13 billion) in the previous year. Its Consolidated Earnings before Interest, Tax, Debt and Amortisation […]
Lucid Group expects production growth in 2026 to moderate as it scales up its new Gravity sport utility vehicle and prepares a broader push into the midsize electric vehicle segment, cautioning that supply-chain risks and cost pressures could restrain expansion. The California-based electric vehicle maker has begun increasing output of the Gravity SUV at its plant in Casa Grande, Arizona, positioning the model as a cornerstone of […]
Arabian Post Staff -Dubai Khalifa Economic Zones Abu Dhabi has launched construction of a AED150 million baby food manufacturing facility aimed at strengthening food security, expanding local production and easing supply concentration risks in the Gulf’s infant nutrition market. The project, located within KEZAD’s industrial ecosystem in Abu Dhabi, is expected to produce a range of infant and toddler nutrition products, including powdered milk formula and fortified […]
Hyundai Motor Group has proposed establishing hydrogen fuel-cell infrastructure across Canada as part of South Korea’s effort to secure a multibillion-dollar contract to build a new class of submarines for the Royal Canadian Navy, executives involved in the bid have said. The move, designed to appeal to Ottawa’s focus on broader industrial benefits beyond defence capabilities, envisages hydrogen production and refuelling corridors that could serve heavy-duty transport […]
Amazon Games has confirmed that its online multiplayer title King of Meat, developed by UK-based Glowmade, will cease operations on 9 April 2026, less than six months after its launch as an ambitious co-op dungeon crawler and party platformer. The move follows sustained low player engagement, with the title removed from digital storefronts and refunds being offered to all purchasers, marking a swift reversal from its high-profile […]
Arabian Post Staff -Dubai UAE has emerged as the fastest-growing market worldwide for artificial intelligence hiring, with demand for AI specialists accelerating sharply over the past year as Gulf economies deepen their technology push. New data from the RemotePass 2025 Hiring Report shows AI-related recruitment in the UAE climbed from 32 per cent of total tech hiring in 2023–24 to 48 per cent in 2024–25, marking […]
BlackRock has transferred roughly $150 million worth of Bitcoin and Ethereum from wallets linked to Coinbase’s custody platform, prompting fresh scrutiny of how the world’s largest asset manager is structuring its digital asset exposure. Blockchain data tracked by market analysts show that the movements involved a combination of Bitcoin and Ether held in addresses associated with Coinbase Custody, a regulated service widely used by institutional investors. The […]
South Korea’s Bithumb has added GoPlus to its Korean won market, prompting a swift surge of more than 20 per cent in the token’s price before gains eased amid heightened trading activity. The listing, announced by one of the country’s largest cryptocurrency exchanges by volume, allowed users to trade GPS directly against the won, expanding the token’s accessibility in a market known for strong retail participation. Within […]
Meta Platforms has struck a landmark long-term agreement with Advanced Micro Devices to buy tens of billions of dollars’ worth of AI processors and data-centre hardware over the next five years, a deal that could exceed $100 billion and reshape the competitive landscape for artificial-intelligence infrastructure. This multiyear pact will see Meta deploy up to six gigawatts of AMD-based computing capacity, starting with initial shipments in the second […]
Nordic data centre operator atNorth has confirmed plans to develop a 300MW high-density colocation campus in Sollefteå Municipality, Sweden, marking one of the largest artificial intelligence-focused infrastructure projects announced in the region. The facility, to be built at the Hamre Industrial Park, is scheduled to begin operations in the first half of 2028. Company executives said the campus is designed to meet accelerating demand for AI and […]
Nigerian banks are entering 2026 with firmer balance sheets and improved capital buffers, positioning the sector for expansion as regulatory deadlines draw closer. Analysts at Lagos-based investment banking and research firm Chapel Hill Denham say the industry’s strengthened fundamentals provide a platform for earnings growth, credit expansion and renewed investor confidence. At the centre of this shift is the Central Bank of Nigeria’s recapitalisation directive, announced in […]
New Delhi has set a target of raising ₹1.79 trillion, equivalent to about $20 billion, through public listings of state-run enterprises by the 2029/30 financial year, signalling a recalibration of its privatisation strategy towards stake sales rather than outright transfers of ownership. The plan forms part of a wider asset monetisation programme aimed at generating $183.7 billion over the next four years, according to a report issued […]
Digital asset investment products recorded net outflows of about $288 million over the latest week of trading, extending a multi-week streak of capital withdrawals by institutional and retail investors from cryptocurrency-linked funds. This marks the fifth consecutive week of net selling in crypto fund flows, pushing total outflows to roughly $4 billion over this period and signalling ongoing pressure on risk assets within the digital-asset space. Despite […]
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Etihad Airways posted a near 50 per cent rise in net profit to $698 million for 2025, as expanded capacity and firm travel demand across key markets pushed passenger numbers higher and lifted seat occupancy. The Abu Dhabi carrier said its performance reflected stronger yields, disciplined cost management and a broader network, with chief executive Antonoaldo Neves pointing to sustained investment in product upgrades and customer satisfaction. […]
Arabian Post Staff -Dubai Kuwait Petroleum Corporation has opened preliminary discussions with a broad pool of global investors over the potential sale of a minority stake in its crude oil pipeline assets valued at about $7 billion, according to three people familiar with the matter, signalling a strategic shift that mirrors monetisation drives across the Gulf. The early-stage talks centre on infrastructure funds and private equity groups […]
Tata Group, Tata Consultancy Services and OpenAI unveiled a landmark strategic partnership that aims to redefine the landscape of artificial intelligence deployment across enterprise, infrastructure and workforce development. With a multi-year agreement signed at a major AI summit in New Delhi, the collaboration is centred on building out AI infrastructure in India, rolling out Enterprise ChatGPT to thousands of employees and co-creating industry-tailored AI solutions.
Under the pact, TCS’ HyperVault unit will lead the development of large-scale AI-ready data centres, starting with an initial capacity of about 100 megawatts of power and a roadmap to scale to 1 gigawatt. OpenAI is anticipated to become the first anchor customer for this infrastructure, supporting advanced AI computation and inference workloads within the country.
Central to the partnership is the deployment of Enterprise ChatGPT across Tata Group companies, designed to enhance productivity and accelerate innovation within one of India’s largest conglomerates. Thousands of employees are set to receive access to the enterprise version of the generative AI platform, enabling broader internal adoption of AI tools for knowledge work and decision support.
Beyond productivity tools, the alliance will explore the development of “agentic” AI solutions that combine OpenAI’s cutting-edge models with TCS’ industry knowledge and engineering capabilities. This approach aims to address complex sector-specific challenges across fields such as manufacturing, financial services and healthcare, rather than offering generic AI applications.
OpenAI’s CEO Sam Altman positioned the collaboration as part of a larger initiative to expand the company’s footprint and capabilities in emerging markets like India, where demand for AI services and local data processing is accelerating. He emphasised the need for robust infrastructure and local partnerships to scale AI responsibly and securely.
Tata Sons Chairman N. Chandrasekaran described the partnership as a cornerstone in the group’s wider AI strategy, underscoring its potential to strengthen both domestic capacity and global competitiveness. The agreement aligns with TCS’ ambition to become a leading AI-driven technology services provider on the world stage, building on its existing HyperVault platform and ongoing investments in state-of-the-art data centres.
Financial markets reacted positively to the announcement, with TCS shares rising after the news broke, reflecting investor confidence in the company’s expanded role in AI infrastructure build-out and its position as a strategic partner to global AI developers.
The infrastructure element of the partnership places a strong emphasis on scalability and sustainability. TCS’ HyperVault facilities are designed to support liquid-cooled, high-density data environments that can handle the demanding computational needs of generative AI models, while also integrating with major cloud regions for broader interoperability.
A social impact component is woven into the alliance through plans to collaborate with the OpenAI Foundation to deliver AI training programmes for youth and underserved communities, equipping individuals with skills to engage with emerging technologies responsibly. The initiative aims to develop a pipeline of talent capable of contributing to the wider AI ecosystem.
This partnership comes amid a broader surge in investment and strategic alignments between global AI firms and Indian technology leaders, as the country seeks to position itself as a competitive hub for innovation and data infrastructure. Industry observers note that similar efforts by other major tech players to localise AI capabilities reflect a global trend towards data residency, regulatory compliance and sovereign control over critical AI workloads.
Critics caution that the rapid expansion of AI infrastructure must be balanced with robust governance frameworks to address concerns around data security, ethical use and labour market disruption. Analysts argue that while the partnership promises substantial gains in efficiency and capability, clear policies and oversight mechanisms will be crucial to ensure equitable benefits across society.
Producer prices in the Republic of Korea rose for a fifth straight month in January, driven by firmer semiconductor prices and higher agricultural costs, according to central bank data that point to lingering pipeline inflation pressures in Asia’s fourth-largest economy.
Figures released by the Bank of Korea showed the producer price index increased on both a monthly and annual basis, extending a run of gains that began in early autumn. Officials attributed the latest rise largely to a rebound in memory chip prices and elevated food-related costs, reflecting supply constraints and weather-related disruptions.
Semiconductors, a cornerstone of the country’s export-led economy, played a decisive role. Prices for key memory products, including DRAM and NAND flash, strengthened as global demand for data centres and artificial intelligence applications continued to absorb inventories. After a prolonged downturn that weighed on manufacturing output through 2023, chipmakers have benefited from tighter supply and renewed investment in high-performance computing, pushing upstream prices higher.
Industry analysts say the upturn in chip prices has filtered through supply chains, lifting overall producer prices even as energy costs have remained comparatively stable. Manufacturing accounts for a substantial share of Korea’s producer basket, meaning swings in technology components can exert an outsized influence on headline figures.
Agricultural products also recorded notable gains. Unfavourable weather conditions and higher input costs contributed to increases in fruit, vegetable and livestock prices. Food-related producer costs are closely watched because they can pass through to consumer prices with a lag, particularly in a country where household spending on fresh produce forms a visible part of the inflation basket.
The latest data suggest cost pressures remain uneven across sectors. While energy prices have moderated from peaks seen after geopolitical disruptions in global oil and gas markets, certain industrial materials and processed foods have shown persistent firmness. Service-sector producer prices, including transport and logistics, have also edged higher, reflecting wage adjustments and operating expenses.
Economists note that sustained increases in producer prices can eventually feed into consumer inflation, although the transmission is neither automatic nor immediate. Consumer price growth has eased from multi-year highs reached in 2022, but remains sensitive to food and housing costs. The central bank has kept its benchmark interest rate at a restrictive level since early 2023 in a bid to anchor inflation expectations and support financial stability.
Policy deliberations in Seoul have balanced the need to contain price pressures against concerns over slowing domestic demand and household debt. Export performance has improved alongside the semiconductor recovery, yet construction activity and private consumption have shown mixed signals. A continued rise in producer prices may complicate the timing of any monetary easing, particularly if global commodity prices remain volatile.
The global context adds another layer of uncertainty. Demand for advanced chips linked to artificial intelligence has bolstered Korea’s trade outlook, but cyclical risks persist in other manufacturing segments, including petrochemicals and steel. At the same time, agricultural markets remain exposed to climate variability, which can amplify price swings and affect food security.
Market participants are closely monitoring whether the current producer price trend represents a stabilisation after last year’s weakness or the beginning of a more entrenched cost cycle. Some analysts argue that the semiconductor rebound is structural, underpinned by sustained capital expenditure in cloud infrastructure and next-generation devices. Others caution that technology demand can be volatile, and that inventory adjustments may re-emerge later in the year.
For policymakers, the composition of producer price growth is as important as the headline number. Increases concentrated in export-oriented sectors may bolster corporate earnings and investment, whereas broad-based gains across consumer-linked industries could signal renewed inflationary momentum. The central bank has indicated it will continue to assess data on prices, wages and growth before making any shift in its policy stance.
Businesses, meanwhile, face decisions on whether to absorb higher input costs or pass them on to customers. Large technology firms may have greater pricing power in global markets, but small and medium-sized enterprises, particularly in food processing and retail supply chains, operate on thinner margins.
Scientists are advancing a radical approach to cancer therapy by engineering bacteria capable of infiltrating tumours and breaking them down from within, exploiting the low-oxygen conditions at their core to trigger a controlled biological assault. Research teams across the United States, Europe and Asia are refining strains of bacteria that preferentially colonise solid tumours, particularly in regions where conventional treatments struggle to penetrate. Tumour cores are typically […]
Stablecoin payments firm RedotPay is weighing a public listing in the United States that could raise as much as $1 billion, signalling growing investor appetite for crypto-linked financial infrastructure as digital dollar transactions gain traction across retail and cross-border commerce. People familiar with the matter indicate the company has begun exploratory discussions with advisers about a potential initial public offering, though timing and valuation remain subject to […]
