Namibia is stepping up sulphuric acid production to support surging output in uranium, copper and manganese mining, as two major industry players commit to scaling local supply. Green Metals Refining will build a new plant in Walvis Bay, and Vedanta aims to restart its dormant sulphuric acid facility at the Skorpion zinc operations. London-based Green Metals Refining plans an investment of US$59 million for the first phase […]
Via Transportation raised US$492.9 million through its initial public offering, with the shares priced notably higher than expected. The transit-tech company sold 10.7 million Class A common shares at US$46 apiece, above its marketed range of US$40 to US$44. The valuation implied by this pricing is around US$3.65 billion. Founded in 2012 and headquartered in New York, Via specialises in software and technology solutions that optimise public […]
Saudi Arabia is set to increase its crude oil exports by roughly 500,000 barrels per day this month, driven by heightened production and weaker domestic oil consumption. These shifts are intensifying concerns that the global oil market may swing into oversupply later this year. Aramco and Saudi authorities have scaled back domestic crude burn for power generation, particularly as cooling demand following the summer peak reduces the […]
A senior Tesla engineer has resigned, accusing Chief Executive Elon Musk of leading with what he describes as “seriously compromised” leadership. He claims the company’s mission and integrity are being undermined, citing concerns about dishonesty, manipulation of public discourse and support for climate change denial. Giorgio Balestrieri, who had spent eight years at Tesla and worked on the company’s European energy trading algorithms—specifically the Autobidder platform that […]
A surge in cyberattacks targeting U. S. schools and colleges is being met with increasing resistance, but experts warn that serious vulnerabilities remain. Data from multiple cybersecurity firms and institutions show that ransomware incidents rose by 23% year-on-year for the first half of 2025 among educational organisations—around 130 confirmed or probable attacks—at an average ransom demand of approximately US$556,000. Check Point Research finds that from January to […]
SINGAPORE – Media OutReach Newswire – 11 September 2025 – Singapore has long been recognized as a pivotal hub in Gree’s Southeast Asia growth strategy. With its advanced infrastructure, strong sustainability agenda, and dynamic role in the Asia-Pacific market, Singapore provides the ideal platform for Gree to showcase cutting-edge technologies that combine comfort, energy efficiency, and environmental responsibility. This vision was further reinforced at the recent event, […]
Oracle co-founder Larry Ellison surged past Elon Musk to claim the title of world’s richest person for a brief window after Oracle’s stock skyrocketed following its earnings announcement. The wealth tracker Bloomberg valued Ellison at approximately $393 billion, exceeding Musk’s $384 billion, before Musk reclaimed the lead by market close. Oracle’s earnings blew past analysts’ expectations, driven by major AI-infrastructure contracts and a robust forecast for its […]
China has seen financial flows totalling about US$4.5 trillion, a figure that many analysts believe marks a turning point in how its markets are engaging with the world. The scale of cross-border investment—both inbound and outbound—is now surpassing trade in many respects, reflecting Beijing’s accelerating liberalisation efforts and a growing confidence among foreign and domestic investors.
The financial sum comprises equity, bond, and other capital movements, and corresponds with recent policy moves designed to reduce restrictions and open up China’s capital markets. One key driver is the Stock Connect programme, which allows mainland Chinese investors to purchase eligible Hong Kong–listed stocks and gives international investors access to A-shares. Southbound flows—money moving from mainland China into Hong Kong—have been especially significant, gathering close to US$100 billion within the first half of 2025. That alone matched the total stock in 2024 via that channel.
Yields on Chinese government bonds have hit highs not seen since late 2024, suggesting investors are now demanding greater returns, but also that they perceive risks such as inflation and currency pressures to be easing. The 10- and 30-year yields climbing indicates that institutions expect stabilization in key macro indicators, even if headline economic growth remains uneven. The bond market, however, has also become more volatile, driven by leveraged buying of equities and speculative pressure in certain sectors.
Another contributing factor is the behaviour of domestic institutional investors. With over 160 trillion yuan in household savings, China’s policy makers are encouraging pension funds, insurance companies, and sovereign funds to shift more capital into domestic equities. These kinds of flows reinforce the internal market strength, even as external capital enters or exits depending on global risk appetite.
Hong Kong’s IPO market has benefited greatly. Several major mainland firms—including tech and battery makers—have either listed in Hong Kong or signalled plans to do so. This has helped Hong Kong reclaim its spot among the world’s most active IPO hubs in 2025. The changes to listing rules, including shorter approval times for eligible mainland firms, have been essential in this revival.
Nearly 90% of Chinese companies plan expansion across the Middle East, with Saudi Arabia and the UAE emerging as the most favoured parallel investment destinations, according to a PwC survey of 136 firms. The findings show that 84% of respondents are targeting Saudi Arabia and 79% favour the UAE. The study, conducted between April and May 2025, reveals that 44% of these companies have already formalised business […]
A consortium led by BlackRock’s Global Infrastructure Partners is negotiating with lenders to secure up to US$10.3 billion in debt for its infrastructure agreement with Saudi Aramco over the Jafurah gas processing project. Key banks engaged include JPMorgan and Sumitomo Mitsui Banking Corporation, with the loan set to be structured in both short‐term and long‐term tranches. Under this arrangement, a newly formed subsidiary named Jafurah Midstream Gas […]
General Catalyst has led a Pre-Series A funding round in PRYPCO, marking its first investment in a proptech venture in the Middle East. PRYPCO, a UAE-based property technology startup, has so far facilitated over AED 10 billion in mortgages, helped more than 3,000 people obtain UAE Golden Visas, and attracted upwards of 50,000 users to its platforms. PRYPCO was founded in 2022 by Amira Sajwani, who previously […]
European regulators are finalising a set of remedies with Abu Dhabi-based oil major ADNOC for its €14.7 billion bid to acquire chemical manufacturer Covestro, adjustments that aim to satisfy concerns under the EU’s Foreign Subsidies Regulation.
ADNOC is expected to convert a planned €1.2 billion capital increase into a shareholder loan bearing market terms. The move seeks to counter claims by the European Commission that the proposed capital equity injection could constitute unfair foreign aid under EU rules. In addition, ADNOC will likely address issues around an alleged unlimited state guarantee and commit to keeping Covestro’s intellectual property and technology within Europe.
The EU launched its formal investigation in July to assess whether UAE-based government support might distort competition in the internal market. Scrutiny has focused on whether ADNOC’s offer price, bolstered by state subsidies such as guarantees and capital injections, created an unlevel playing field. A regulatory deadline of 2 December looms for the European Commission’s final decision.
ADNOC has expressed frustration with the breadth of information requests from the Commission, describing them as “disproportionate and invasive.” The company warned that such demands could threaten the viability of its acquisition bid if not managed carefully.
Negotiations involve high level officials: ADNOC CEO Sultan Ahmed Al Jaber spoke with EU antitrust chief Teresa Ribera about the remedy proposals. ADNOC will likely mirror similar steps taken by UAE telecoms group e&, which recently prevailed in an EU review by eliminating an unrestricted state guarantee and following domestic bankruptcy statutes more closely.
Covestro, which produces materials used in insulation, automotive parts and consumer goods, would be one of the biggest acquisitions of an EU firm by a Gulf state if the deal proceeds. The transaction, announced in October, has drawn close attention for being ADNOC’s largest ever and for raising questions about foreign capital’s role in European markets.
Senator Ron Wyden is pressing the Federal Trade Commission to investigate Microsoft over what he terms its “gross cybersecurity negligence,” asserting that inherent weaknesses in Microsoft’s security framework enabled a damaging ransomware attack on a hospital system. Wyden’s letter, dated 10 September 2025, identifies how default encryption settings and flawed user-interface design played pivotal roles in the infiltration of Ascension, one of the largest non-profit health systems […]
Matein Khalid Klarna hits the IPO hit parade in New York on Wednesday and the grapevine suggests that the Swedish fintech IPO is oversubscribed by at least 10X. The investment bankers priced Klarna last night at $40, even above the 35-37 range where Sequoia capital, Silver Lake and lesser grandees on Sand Hill Road, Dai Nippon, Sing and Oz will now pocket a multi-billion dollar paydirt as […]
The United States is confronting a rise in COVID-19 hospitalisations and emergency department visits, reflecting a discernible peak in national activity. The Centers for Disease Control and Prevention reported on 5 September 2025 that COVID-19 activity “is peaking in many areas of the country with elevated emergency department visits and hospitalisations nationally.” Worryingly, wastewater surveillance indicates very high viral levels across multiple regions, especially in the West, […]
Greenlogue/AP Construction on the expansive NEOM green hydrogen development has passed the eighty-percent mark at the outset of the first quarter of 2025, the NEOM Green Hydrogen Company has confirmed. This achievement spans the green hydrogen plant itself, the wind garden, the solar farm and the transmission network. Equipment delivery and installation are progressing apace, with wind turbines, hydrogen storage vessels, electrolysers, a cold box and pipe […]
Greenlogue/AP Sobha Realty has achieved a milestone with its largest-ever issuance of a $750 million green sukuk, marking the highest such issuance by any real estate developer globally. The five-year Islamic bond, issued under a $1.5 billion Trust Certificate Issuance Programme, attracted orders worth approximately $2.1 billion—nearly 2.8 times the issue size—allowing pricing to tighten by 50 basis points from initial guidance. The sukuk carries a profit […]
Khadga Prasad Sharma Oli offered his resignation on Tuesday following widespread demonstrations that saw the federal parliament building, Supreme Court and leaders’ residences torched, underlining the depth of public fury over corruption and the ban on social media. Protests erupted across Nepal amid anger at the shutdown of platforms such as Facebook, X, YouTube and others for failing to register with the government—a move widely perceived as […]
Grovy Developers has unveiled plans to present its newest luxury project at the International Real Estate & Investment Show, to be held at the Abu Dhabi National Exhibition Centre from 12 to 14 September. At the event, Grovy Developers Spotlights Smart-Tech Real Estate will detail investment opportunities in the increasingly vibrant UAE property sector, with Abhishek Jalan, chief executive, offering insights into real estate’s financial appeal amid […]
Gold in Dubai opened trading on Tuesday with the 22K grade touching Dh408 per gram, setting a fresh all-time high and elevating investor and shopper concerns alike. The 24K variety climbed to Dh440.5, while 21K inched ever closer to the key Dh400 level, trading at Dh391.0 per gram.
Global and regional market dynamics are fueling this surge. The international spot price of gold has consistently pushed new heights, recently nearing $3,600 per ounce, with August seeing an approximate 31 per cent year-to-date gain. In part, this reflects growing expectations of US Federal Reserve rate cuts, which traditionally support gold’s safe-haven appeal.
Experts caution that the Dh408 per gram summit for 22K gold may not mark a plateau. Elevated global demand, festival-season jewellery purchases, and sustained investor appetite are converging. Yet there is also speculation about a pullback. Some analysts interpret current levels as ripe for partial profit-taking, while others expect continued momentum if support holds.
The 상승 in gold prices is reshaping shopper sentiment. With Dubai gold surges; 22K at Dh408 now firmly established, affordability becomes a pressing issue for consumers, particularly those buying for weddings, gifts, or as long-term stores of value. Jewellery retailers, in turn, are adapting by promoting lighter ornament designs and gold savings schemes to manage demand amid elevated prices.
Buyers may face a strategic dilemma: delay purchases in hopes of a correction, or lock in gold at historically high prices before potential further rises. The combination of geopolitical tensions, inflationary pressures, and currency fluctuations continues to bolster gold’s attractiveness.
As the UAE moves deeper into its peak gold-buying season, Dubai gold surges; 22K at Dh408 encapsulates the shifting dynamics at play: strong upward trajectory, global economic tension, and consumer caution all intersecting in a market where every dirham counts.
Matein Khalid My readers and friends know that I have been a boring perma-bull on gold since early 2024, when it became obvious that the People’s Bank of China was accumulating gold bullions as a hedge against an overvalued King Dollar and a capricious White House, which had just seized $300 billion in Russian central bank reserves to punish Putin’s invasion of Ukraine. The bullish gold trade […]
Markets are sending urgent signals. Gold has burst above $3,600 an ounce, a record that reflects both anticipation of rate cuts and a broader scramble for safety. Treasury yields have swung sharply, with shorter maturities pulled lower by expectations of central bank easing while long-dated bonds creep toward multi-year highs, and across equities, momentum has become fragmented, with volatility rising around political headlines and economic uncertainty. These […]
By Nantoo Banerjee One’s pain could be another’s gain. The phrase aptly describes those big business gainers across the world out of the three-and-a-half-year-old Russia-Ukraine war, killing thousands of soldiers and civilians on both sides. The list of such gainers may be short but very impressive. They include some of the giant US defence manufacturers […]Real estate developers are increasingly adopting modern technologies, including CRM for property developers, to enhance efficiency and improve customer interactions. According to a study by CSO Insights, 80% of surveyed companies in the real estate sector already utilize customer relationship management tools, highlighting a global shift toward digitalization. The Dubai and UAE real estate market continues to set global benchmarks, attracting developers, brokers, and investors with its record-breaking property sales and ambitious […]
