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Arabian Post Staff -Dubai   ADNOC Group’s six listed companies delivered their strongest full-year financial performance to date in 2025, reporting combined revenues of AED190.1 billion, EBITDA of AED61.3 billion and net profit of AED35.8 billion, underscoring the state-backed energy major’s expanding footprint across upstream, midstream and downstream operations. The results, released following the close of the financial year, reflect sustained output growth, disciplined capital allocation and […]

China has unveiled an artificial intelligence-powered vehicle inspection system capable of scanning more than 1,000 functions within three hours, a move officials say could reshape quality control standards across the automotive sector and accelerate the country’s push towards smart manufacturing. Developed as part of a broader national drive to integrate advanced computing into industrial processes, the system combines machine vision, real-time diagnostics and automated performance testing to […]

Arabian Post Staff -Dubai Saudi Arabia is accelerating a transformation of Mecca’s property market, opening parts of the holy city to foreign investment as lower oil prices strain state finances and flagship mega projects such as Neom undergo recalibration. Cranes line new promenades leading towards the Grand Mosque, where swathes of older neighbourhoods have been cleared to make way for high-rise hotels and mixed-use towers designed to […]

Arabian Post Staff -Dubai AD Ports Group has reported a sharp rise in revenue and profit for the year ended 31 December 2025, underlining the resilience of Abu Dhabi’s maritime and logistics sector amid shifting global trade patterns. Preliminary unaudited results released on Friday show revenue climbed 20 per cent year on year to AED20.8 billion, while net profit rose 17 per cent to AED2.1 billion. Earnings […]

Nvidia’s chief executive officer, Jensen Huang, will not attend the India AI Impact Summit scheduled to begin in New Delhi on February 16, the company confirmed over the weekend, citing “unforeseen circumstances” that prevent his planned trip. Nvidia said it remains committed to participating in the five-day event and will instead dispatch a senior leadership delegation to represent its interests at the summit, which is positioned as a global forum on artificial intelligence, semiconductors and technology policy.

Huang’s absence removes one of the most high-profile speakers from a programme that is expected to bring together global leaders, technology executives and policymakers. Nvidia has been at the centre of international attention this year as its graphics processing units and specialised chips have powered significant advances in AI model training and deployment worldwide. Despite his cancellation, the company’s executive vice-president Jay Puri is set to lead Nvidia’s delegation in New Delhi.

The India AI Impact Summit has been framed by its organisers as a strategic platform for discussions on AI’s impact on economies, governance, and society. With over 20 heads of government and multiple chief executives from major technology firms slated to take part, the absence of Nvidia’s CEO is unlikely to derail the summit’s broader agenda but does shift attention to the array of other leaders expected on stage. Summit organisers have emphasised that the event will focus on actionable frameworks for AI governance and international cooperation rather than immediate regulatory commitments.

India’s push to host the summit reflects the growing emphasis placed on its AI ecosystem, both domestically and internationally. The event at Bharat Mandapam is intended to spotlight innovation, human capital and collaborative initiatives that leverage artificial intelligence for economic and social development. Heads of state from Europe, Asia and Africa, as well as senior executives from leading technology companies, are planning to contribute to sessions addressing ethical AI, inclusive growth, and public-private partnerships.

Nvidia’s statement confirmed that Huang will not be able to travel to India at this time, but stopped short of elaborating on the specific reasons for the change in plans. The company’s leadership team reiterated its support for the summit’s objectives and expressed confidence in the delegation’s ability to engage constructively with participants across sectors. Nvidia’s central role in the global AI supply chain — particularly through its GPUs, which underpin much of the world’s AI compute infrastructure — has made its presence significant at forums shaping the future of the industry.

For many tech observers, Huang’s decision underscores the intense demands on executives at the helm of firms that are pivotal to AI’s evolution. As Nvidia continues to navigate a landscape marked by rapid technological change, supply chain pressures and geopolitical scrutiny, its leadership choices are closely watched by investors, partners and policymakers alike. The company has maintained that its strategic focus on AI remains undiminished, even as senior personnel adjust their engagement in global events.

The summit is expected to feature a range of high-level engagements, including discussions on AI’s implications for labour markets, national competitiveness, and regulatory cooperation among nations. Organisers have highlighted sessions aimed at bridging gaps between emerging markets and established technology hubs, while also addressing concerns about safety, privacy and equitable access. Participants will include chief executives from major AI and cloud-computing firms, senior government officials from participating countries, and representatives of international organisations.

Despite the absence of Nvidia’s CEO, interest in the India AI Impact Summit remains strong among industry stakeholders. Discussions are slated to explore how public-sector frameworks can align with the dynamic pace of innovation in the private sector, with particular emphasis on fostering trust and transparency in AI systems. The summit’s agenda also places emphasis on skills development, research collaboration, and the role of AI in addressing societal challenges such as healthcare, climate and education.

Executives attending the summit will face intense scrutiny from delegates keen to understand how technology firms plan to balance commercial imperatives with ethical responsibilities. As governments around the world refine their approaches to AI governance, the outcomes of deliberations at gatherings such as the India AI Impact Summit could inform future policy frameworks and cross-border cooperation on technology standards and norms.

Arabian Post Staff -Dubai Orient Insurance posted a net profit of AED 836 million for 2025, marking a 14.4 per cent rise from the previous year, as the Dubai-based insurer strengthened underwriting performance and investment income amid steady demand across the UAE and Gulf markets. The company, part of the Al-Futtaim Group, said its annual financial results reflected disciplined risk management, prudent reserving and a diversified portfolio […]

Khaleeji Bank has rolled out a Ramadan promotional campaign across six major shopping malls in Bahrain, aiming to deepen customer engagement and reinforce its retail banking footprint during one of the Kingdom’s busiest commercial seasons. The Islamic lender said the initiative, branded “Spin & Win”, will run throughout the holy month and offers visitors the chance to participate in an interactive draw featuring a range of prizes. […]

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Siemens has completed the purchase of Canopus AI, a Grenoble-based specialist in artificial intelligence-driven metrology and inspection software, signalling an intensified push into semiconductor manufacturing software as device geometries shrink and production volumes grow. The acquisition, announced on 4 February and finalised on 12 January, brings AI-enhanced wafer and mask measurement capabilities into Siemens’ electronic design automation portfolio, aimed at helping chipmakers achieve higher precision and manufacturing […]

Arabian Post Staff -Dubai Saudi Arabia has stepped up efforts to localise vaccine and pharmaceutical manufacturing, with Industry and Mineral Resources Minister Bandar Alkhorayef holding high-level talks in Lyon aimed at accelerating biopharmaceutical production within the Kingdom. During meetings with Thomas Triomphe, Executive Vice President and Head of Vaccines at Sanofi, the minister explored pathways for industrial collaboration that would anchor advanced vaccine manufacturing in Saudi Arabia. […]

Solana’s blockchain has recorded a dramatic expansion in payment activity, with on-chain volumes rising 755 per cent year on year even as the token’s market price struggles to mirror that growth. Data compiled by blockchain analytics firms show total payments processed on the network exceeding $1.8 billion, while business-to-business transactions have climbed ninefold over a 16-month period to about $3.84 billion. The figures place Solana among the […]

Mexico’s Attorney General’s Office is examining whether a British Columbia-based mining company bears any responsibility in the abduction of 10 of its employees, following allegations that criminal groups targeted the workers in a region affected by organised crime. President Claudia Sheinbaum said on Friday that federal prosecutors are investigating the circumstances surrounding the kidnapping and assessing whether the company complied with security obligations and local regulations. The […]

OPEC+ is signalling a shift back to increasing oil output from April as producers prepare for stronger demand through the summer months, according to multiple officials and industry delegates ahead of a key March meeting. The coalition, led by core producers such as Saudi Arabia and the United Arab Emirates, paused monthly output rises for the first quarter amid concerns over supply gluts, but growing market confidence […]

Arabian Post Staff -Dubai DP World has announced a sweeping leadership change at the helm of its global logistics empire, elevating His Excellency Essa Kazim to chairman of the board and naming Yuvraj Narayan as group chief executive officer, following the resignation of long-time executive Sultan Ahmed bin Sulayem. The appointments signal a strategic reset for the Dubai-based operator amid heightened scrutiny over its governance and reputation […]

OpenAI has launched GPT-5.3-Codex-Spark, an ultra-fast version of its coding artificial intelligence that runs on specialised hardware from Cerebras Systems, marking its first major production deployment outside of the long-dominant Nvidia-based infrastructure. The Codex-Spark release delivers more than 1,000 tokens per second in interactive coding workflows, designed to give developers near-instant responsiveness for editing and iterative tasks while maintaining competitive capabilities for real-world software development. The debut […]

Blackstone’s private equity fund tailored for wealthy investors registered a hefty net 20 per cent return last year, propelled by strategic investments tied to artificial intelligence platforms and infrastructure, according to financial industry figures. The performance marks one of the strongest showings across alternative asset strategies targeting individual high-net-worth portfolios amid a broader industry push to deliver private markets access beyond institutional clients. The Blackstone Private Equity […]

  Bitcoin surged past 69,000 dollars on major exchanges on Tuesday, regaining a price level that has carried both symbolic and technical weight since the previous market cycle. The move marks a rebound from a bout of volatility that had pulled the world’s largest cryptocurrency below key support zones earlier this quarter, drawing renewed attention from institutional investors and retail traders alike. Data from leading trading platforms […]

New Delhi has approved a proposal worth about $39 billion to expand the country’s fleet of Rafale fighter aircraft, marking one of the largest defence procurement decisions in its history and signalling a further shift towards advanced Western platforms in its combat air strategy.

The clearance by the defence ministry paves the way for negotiations with France’s Dassault Aviation for additional Rafale jets, building on an earlier $8.7 billion contract for 36 aircraft for the Air Force, deliveries of which were completed in 2024. A separate agreement has also been signed for 26 Rafale-M naval variants intended for deployment aboard aircraft carriers, underscoring a broader push to strengthen maritime air power.

New Delhi pushes major Rafale fleet expansion as it seeks to address concerns over squadron strength and ageing aircraft. The Air Force’s sanctioned strength stands at 42 squadrons, yet operational numbers have hovered well below that benchmark for years, raising debate within strategic circles over preparedness along contested borders with China and Pakistan.

Officials familiar with the procurement process say the new proposal reflects both operational requirements and long-term modernisation goals. India’s fleet still includes a significant number of Soviet-era MiG-21s and other legacy platforms, many of which are due for phased retirement. The Rafale, a 4.5-generation multirole fighter equipped with advanced avionics, electronic warfare systems and long-range precision weapons, has been positioned as a key element in bridging capability gaps.

The initial induction of 36 Rafales was widely viewed as a stopgap measure after the earlier Medium Multi-Role Combat Aircraft tender was scrapped amid cost and contractual disputes. Since their deployment at Ambala and Hasimara air bases, the aircraft have been integrated with India-specific enhancements, including advanced radar and electronic countermeasures. Defence planners argue that expanding the Rafale fleet would provide logistical and training efficiencies compared with diversifying further across multiple foreign platforms.

The naval variant, Rafale-M, has been selected to operate from the INS Vikrant, the country’s first domestically built aircraft carrier, and potentially from INS Vikramaditya. Naval aviation officials have indicated that the twin-engine aircraft meets requirements for carrier-based operations, including ski-jump take-offs and arrested landings, following evaluation trials against competitors such as Boeing’s F/A-18 Super Hornet.

Strategic analysts view the combined air force and naval acquisitions as part of a wider recalibration of procurement policy. Over the past decade, New Delhi has sought to balance self-reliance initiatives with the need for timely capability upgrades. Programmes under the “Atmanirbhar Bharat” framework aim to boost domestic manufacturing, yet complex fighter development remains a long-term endeavour. The Light Combat Aircraft Tejas, produced by Hindustan Aeronautics Limited, has entered service and secured additional orders, but it is not seen as a direct substitute for heavier multirole platforms like the Rafale.

Financial implications are significant. A $39 billion outlay would rank among the largest defence capital expenditures, at a time when the government is managing competing demands from infrastructure, welfare and economic stimulus. Officials have indicated that staggered payments and potential technology transfers could form part of negotiations, with an emphasis on local industry participation.

Previous Rafale contracts were accompanied by offset obligations requiring Dassault and its partners to invest in the domestic aerospace ecosystem. Whether similar provisions will apply to the expanded deal remains a subject of scrutiny, particularly as policymakers seek to deepen supply-chain integration and reduce long-term import dependence.

Diplomatically, the move reinforces defence ties with France, which has emerged as a key security partner in the Indo-Pacific. Bilateral cooperation spans joint exercises, maritime surveillance and submarine technology. Paris has consistently supported India’s strategic autonomy, a factor often cited by policymakers as attractive compared with other major arms suppliers.

Political debate is likely to accompany the procurement, as the earlier Rafale deal became a focal point of parliamentary contestation over pricing and process transparency. Government representatives have maintained that all procedures were followed in accordance with defence acquisition rules, and that operational urgency justified the intergovernmental route adopted at the time.

Air power specialists argue that a larger Rafale fleet would enhance interoperability and deterrence. The aircraft’s ability to carry Meteor beyond-visual-range missiles and SCALP cruise missiles has been highlighted as a force multiplier. Integration with indigenous weapons and network-centric warfare systems is also under way, reflecting a hybrid approach that blends imported hardware with domestic innovation.

Beyond immediate operational considerations, the proposal signals continuity in defence planning that spans successive administrations. India remains among the world’s largest arms importers, yet officials have reiterated ambitions to transition towards greater domestic production capacity over the coming decade. Achieving that balance, while sustaining readiness across land, sea and air domains, presents both fiscal and industrial challenges.

ServerDirect has finalised a €25 million enterprise artificial intelligence infrastructure deployment, marking one of the largest projects in its portfolio and underscoring Europe’s accelerating investment in high-performance computing for corporate AI workloads. The Netherlands-based systems integrator said the project, delivered in partnership with Super Micro Computer, widely known as Supermicro, involved the design, supply and commissioning of advanced GPU-accelerated servers and supporting data centre architecture for a […]

Nexon Co., Ltd. reported revenue of $3.1 billion for 2025, a 6.5 per cent increase on the previous year, marking its third consecutive year of record-breaking sales as strong performance from key titles, including the much-anticipated Arc Raiders, bolstered earnings. The Tokyo-listed gaming group said operating income also rose year on year, supported by sustained engagement across its core franchises and improved monetisation in overseas markets. Management […]

Coinbase reported fourth-quarter earnings that fell short of market expectations after transaction revenue dropped below the $1 billion mark, underscoring the pressure on retail trading volumes as digital asset prices cooled towards the end of the year. The largest US-listed cryptocurrency exchange said total revenue declined from the previous quarter as trading activity moderated across its retail and institutional platforms. Transaction revenue, which remains the core driver […]

Construction of the first 200 megawatts of the Stargate Data Centre project in the UAE is advancing, according to ALEC Holdings, as structural works near completion and major mechanical and electrical installations gather pace. ALEC, a subsidiary of the Investment Corporation of Dubai, informed the Dubai Financial Market that building structures have been erected and that mechanical, electrical and plumbing works are well under way. The update […]

Abu Dhabi’s ADNOC Gas signalled a marked increase in investment alongside a record financial performance, projecting capital expenditure of $4 billion to $4.5 billion for this year and laying groundwork for expanded processing capacity across key facilities as it pursues its multi-phase Rich Gas Development project. The state-owned company reported full-year net income of $5.2 billion for 2025, a 3 per cent rise from the prior year, […]

Arabian Post Staff -Dubai Capital is moving with greater intensity between Gulf and Asian debt markets as issuers and investors seek stability and yield in a volatile global environment. Bankers and asset managers say order books for Middle Eastern sovereign and corporate bonds are showing a rising share of allocations to Asia-based funds, while Gulf investors are increasing exposure to Asian credit, particularly China. The shift reflects […]

Arabian Post Staff -Dubai United Arab Emirates authorities have formalised agreements to begin the fourth phase of a sweeping national airspace restructuring programme, a move designed to strengthen capacity, improve safety and support projected growth in passenger and cargo traffic across the federation’s airports. The General Civil Aviation Authority confirmed that the latest phase will refine route structures, optimise sectorisation and deploy advanced air traffic management technologies […]

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