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Arabian Post Staff -Dubai Sharjah has waived truck toll gate fees for cargo vehicles arriving from Oman and operating along approved logistics corridor routes, in a move aimed at cutting freight costs, easing cross-border movement and strengthening the emirate’s role in regional supply chains. The measure applies to cargo trucks entering through the Khatmat Malaha and Al Madam border crossings, provided shipments meet the initiative’s conditions and […]

Cybercriminals are exploiting demand for AI coding tools by pushing fake Gemini CLI and Claude Code installation pages into search results, using the sites to deliver a fileless PowerShell infostealer aimed at developer workstations. The campaign, active since early March 2026, marks a sharper turn in financially motivated attacks against software teams as AI assistants become embedded in daily coding workflows. The attackers are not merely imitating […]

Masdar has signed an agreement with China’s Sungrow to supply battery energy storage and photovoltaic inverter systems for Abu Dhabi’s round-the-clock renewable energy project, strengthening the supply chain behind one of the world’s most ambitious attempts to make solar power available as firm baseload electricity. The agreement covers 7.5 gigawatt-hours of Sungrow’s PowerTitan 3.0 battery energy storage systems and 2.6 gigawatts of PV inverter solutions. The equipment […]

Arabian Post Staff -Dubai Jazeera Airways has launched its first direct service between Kuwait and Italy, operating an inaugural flight from Kuwait International Airport’s Terminal 5 to Milan Bergamo Airport on Friday as the carrier pushes deeper into the European leisure and business travel market. The new Kuwait–Milan Bergamo route will operate three times a week, on Mondays, Wednesdays and Fridays, using Airbus A320neo aircraft. The service […]

Huawei has deepened its Saudi Arabia cloud strategy through a distribution partnership with Gulf Applications, widening enterprise access to cloud infrastructure, artificial intelligence tools and disaster recovery services as the kingdom pushes ahead with its Vision 2030 digital agenda. The agreement appoints GAPP as Huawei Cloud’s official cloud solutions distributor in Saudi Arabia, placing the company at the centre of Huawei’s channel expansion in one of the […]

Tourists arriving in the UAE can now open a digital bank account within minutes under a new Tourist Identity system linking immigration records, biometric verification and mobile banking. The initiative, launched by the Central Bank of the UAE, the Federal Authority for Identity, Citizenship, Customs and Port Security and Abu Dhabi Commercial Bank, gives non-resident visitors a verified digital identity after arrival. That identity can be used […]

British Columbia fusion developer General Fusion is weighing a Toronto Stock Exchange listing alongside its planned Nasdaq debut, a move that would give Canadian investors a direct public-market route into one of the most closely watched private energy technologies. Vancouver-headquartered General Fusion, backed over the years by investors linked to Jeff Bezos and Shopify founder Tobias Lütke, is preparing to go public through a business combination with […]

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Bangladesh Bank has launched a 600 billion-taka support package to revive closed factories, expand credit to small businesses and lift growth after a prolonged slowdown in production, exports and private investment. Governor Md Mostaqur Rahman announced the programme at the central bank headquarters in Dhaka, setting out a refinancing and support structure aimed at restoring industrial capacity, creating jobs and easing pressure on businesses hit by high […]

K Raveendran Cockroach Janta Party may have begun as satire, but its popularity has exposed something far more serious than a passing joke on the internet. The response it has drawn from government functionaries suggests that the ruling establishment is less disturbed by the humour itself than by the possibility that the satire has found a willing audience. That audience is not laughing merely because the idea […]

Arabian Post Staff -Dubai Dubai’s ports and customs authorities have opened fresh discussions with Kuwait to strengthen maritime transport, customs cooperation and trade flows, as Gulf economies push for more resilient supply chains amid shifting regional trade conditions. Abdulla bin Damithan, Chairman of the Ports, Customs and Free Zone Corporation in Dubai, met Khaled Abdulrahim Al Zaabi, Consul-General of Kuwait in Dubai and the Northern Emirates, at […]

Dogecoin’s volatile online following has seized on a playful remark by co-creator Billy Markus after he floated the idea of a $20 trillion valuation for DOGE, reigniting speculative debate around the meme token even as its market price remains near a fraction of its 2021 peak. Markus, who posts on X under the name Shibetoshi Nakamoto, is known for sharp, ironic commentary on cryptocurrency culture. His latest […]

By K Raveendran Cockroach Janta Party may have begun as satire, but its popularity has exposed something far more serious than a passing joke on the internet. The response it has drawn from government functionaries suggests that the ruling establishment is less disturbed by the humour itself than by the possibility that the satire has […]

The article Cockroach Party Exposes A Deeper Political Unease Among New Generation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Dubai Maritime City has opened Maritime Business Centre 2, an AED160 million commercial tower designed to add premium office capacity to DP World’s maritime, logistics and trade ecosystem at a time of sustained demand for Grade A workspace across the emirate. The new tower, located in the Commercial District of Dubai Maritime City, was completed in 20 months and had secured leasing commitments for 78 per cent […]

Dubai motorists will pay more to use toll gates and public parking from June 1, with Salik and Parkin applying 5 per cent value-added tax to their services under the UAE’s federal tax framework. The change will add VAT to Salik toll gate use and tag activation charges, while Parkin will apply the tax across its public parking services, including on-street and off-street parking, seasonal cards, permits […]

Abu Dhabi has cast its departure from OPEC as a strategic move to protect national revenue before global oil demand enters a long-term decline, marking one of the sharpest shifts in Gulf energy policy in decades. The UAE ended nearly 60 years of membership in the Organization of the Petroleum Exporting Countries on May 1, stepping away from both OPEC and the wider OPEC+ framework after years […]

State-run fuel retailers raised petrol and diesel prices on Saturday for the third time in eight days, extending a phased pass-through of higher crude costs to consumers after nearly four years of broadly frozen pump rates.

Petrol in New Delhi rose by 87 paise to ₹99.51 a litre, while diesel increased by 91 paise to ₹92.49 a litre. The latest increase takes the cumulative rise in both fuels to about ₹5 a litre this month, following the first retail fuel price increase since April 2022.

The pricing move reflects mounting pressure on oil marketing companies as international crude benchmarks remain elevated amid conflict in West Asia and supply concerns around key shipping routes. The controlled increases also point to a calibrated approach by the government, which is seeking to protect refiners’ balance sheets without delivering a sharp one-time shock to household budgets, freight operators and small businesses.

Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation dominate the retail fuel market, operating more than 90 per cent of the country’s roughly 103,000 fuel stations. Their pricing decisions carry wide implications for transport costs, food supply chains, inflation expectations and fiscal calculations.

The latest revision follows a ₹3-a-litre increase on May 15 and another smaller increase during the week, marking a clear shift from the long freeze that had shielded consumers from global volatility while pushing losses onto state-run refiners. That freeze had become harder to sustain as crude prices climbed and the rupee’s movement added to import costs.

The country imports more than four-fifths of its crude oil requirements, leaving domestic retail prices exposed to global oil markets and exchange-rate swings. Refiners have been selling petrol and diesel at discounted rates relative to landed costs, with diesel under-recoveries remaining larger because of its central role in freight, agriculture, public transport and industry.

Losses on diesel sales have been estimated at ₹25-30 a litre even after the first hike, while petrol losses have been placed at about ₹10-14 a litre. The fresh increase narrows that gap only modestly, suggesting further upward revisions could follow if crude prices stay high or the currency weakens.

Diesel is the more sensitive fuel for the broader economy. It powers trucks, buses, farm equipment, construction machinery and a large part of the country’s goods movement. Even modest increases can feed into freight rates, especially for smaller fleet operators with limited capacity to absorb higher running costs.

Petrol demand has also stayed firm, supported by urban commuting, two-wheeler use and private vehicle ownership. April consumption data showed petrol sales at about 3.7 million tonnes, up more than 6 per cent from a year earlier, while gasoil sales stood near 8.3 million tonnes, marginally higher than last year. The numbers indicate that demand has not weakened sharply despite higher living costs.

Bulk fuel demand has added another layer of pressure. Large users such as transport operators, mining companies and industrial consumers often respond quickly to price differences between retail outlets and direct industrial supply. A spike in retail buying can worsen supply imbalances and deepen losses for refiners if pump prices remain below market-linked levels.

The government has so far signalled little appetite for direct subsidies to compensate refiners for continuing under-recoveries. That stance increases the likelihood of gradual price adjustments, particularly if global crude remains above levels assumed in company projections. A sudden subsidy programme would also complicate fiscal planning at a time when public spending priorities remain stretched across infrastructure, welfare and defence.

State-level taxes mean consumers across major cities will see different pump prices even when the base increase is broadly similar. Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad typically record higher retail rates than New Delhi because of local levies, dealer commissions and freight costs. That variation also affects inflation differently across regions.

Compressed natural gas prices have moved higher as well, with Delhi seeing another ₹1-per-kg increase, the third rise in ten days. The parallel increase in CNG adds pressure on taxis, autorickshaws and urban commuters who had shifted to gas-based transport as a cheaper alternative to petrol and diesel.

For oil marketing companies, the price increases may support margins but are unlikely to restore full profitability immediately. Investor attention is now focused on how quickly the companies can recover past losses, whether demand holds up, and whether policymakers allow market-linked pricing to continue if inflationary pressure grows.

Arabian Post Staff -Dubai Brazilian refiner Acelen has secured $1.5 billion to begin construction of a major biofuels refinery in Bahia, advancing Abu Dhabi’s Mubadala-backed strategy to build a large-scale renewable fuels platform in Latin America. The project, led by Acelen Renováveis, is expected to start operations in 2029 and produce up to 1 billion litres a year of sustainable aviation fuel and renewable diesel. The financing […]

Anthropic PBC is moving towards closing a funding round that could exceed $30 billion at a valuation above $900 billion, a transaction that would place the Claude maker among the world’s most valuable private companies and intensify the capital race reshaping artificial intelligence. The San Francisco-based company is expected to complete the round as soon as next week, though final terms could still change. The deal, if […]

Arabian Post Staff -Dubai Abu Dhabi’s exit from OPEC has placed the UAE at the centre of a wider debate over how Gulf producers should manage oil wealth as long-term demand faces pressure from the energy transition. Anwar Gargash, diplomatic adviser to President Sheikh Mohamed bin Zayed Al Nahyan, said the decision was shaped over three years and reflected the leadership’s view that the world is approaching […]

Arabian Post Staff -Dubai Islamabad has moved to contain a political storm over deportations of Pakistani nationals from the United Arab Emirates, after opposition lawmakers accused the government of failing to protect workers who they said had been detained, expelled and denied access to savings and belongings. Parliamentary Affairs Minister Tariq Fazal Chaudhry told the Senate that 3,494 Pakistani citizens had been deported from the UAE between […]

OKX is moving beyond digital assets into oil-linked derivatives through a partnership with Intercontinental Exchange, marking a fresh step in the convergence of crypto trading platforms and traditional commodity markets. The crypto exchange plans to introduce perpetual futures contracts tied to ICE Brent Crude and ICE WTI Crude benchmarks, giving eligible users exposure to two of the world’s most closely watched oil price references without using conventional […]

Recognition reflects TDCX’s evolution into a global firm helping clients navigate digital and AI transformation with a combination of human expertise, intelligent technology, and operational precision

SINGAPORE – Media OutReach Newswire – 22 May 2026 – TDCX, a leading global customer experience (CX) solutions firm, has been named to the Outsource Accelerator (OA) 500 2026 Index Top 50, marking its fourth consecutive year on Outsource Accelerator’s global ranking of leading business process outsourcing firms. The OA500 evaluated 3,369 BPO companies worldwide across more than 20 performance metrics over a 15-month assessment period, drawing on independent data sources including Crunchbase, Glassdoor, LinkedIn, and ZoomInfo.

TDCX named among the world’s Top 50 outsourcing firms by Outsource Accelerator for the fourth consecutive year
TDCX named among the world’s Top 50 outsourcing firms by Outsource Accelerator for the fourth consecutive year



The recognition comes in TDCX’s 30th anniversary year and seven months after the company unveiled its refreshed brand and Enable the Future positioning. The new identity reflects TDCX’s evolution into a global firm helping clients navigate digital and AI transformation with a combination of human expertise, intelligent technology, and operational precision.

Mr. Laurent Junique, founder and CEO of TDCX, said: “Outsourcing is shifting from cost arbitrage to capability arbitrage. The companies that win in this market will be the ones that combine deep human expertise with intelligent technology, and bring them together with judgment. Four consecutive years in the OA500 Top 50 says TDCX is doing that in a way the market recognizes.”

Mr. Derek Gallimore, founder and CEO of Outsource Accelerator, said: “TDCX’s fourth consecutive year in the OA500 Top 50 reflects something rare in this industry: sustained, disciplined execution paired with real strategic evolution. They’ve moved decisively beyond traditional CX into digital and AI-enabled service for some of the world’s most demanding brands. As outsourcing shifts from headcount to outcomes, TDCX is one of the operators best placed to lead that transition.”

The OA500 Index assesses BPO firms across criteria including global delivery footprint, online presence, employee sentiment, LinkedIn engagement, third-party analyst data, and operational benchmarks. With more than 20,000 employees across 37 campuses spanning Asia, Europe, and the United States, TDCX serves clients in digital advertising and social media, e-commerce, fintech, gaming, healthtech, media, technology, and travel and hospitality.

Hashtag: #TDCX #OA500 #CX #Outsourcing #EnableTheFuture

The issuer is solely responsible for the content of this announcement.

About TDCX

Singapore-headquartered TDCX is a leading global customer experience solutions firm that provides customer experience (CX) solutions, sales and digital marketing services, and content moderation for clients across various industries. These include digital advertising and social media, e-commerce, fintech, gaming, healthtech, media, technology and, travel and hospitality.

With a focus on helping companies enable the future, TDCX’s smart, scalable approach, driven by innovation and operational precision, positions it as a key partner for companies targeting tangible outcomes. With more than 20,000 employees across 37 campuses worldwide, TDCX provides its clients with comprehensive coverage in Asia, Europe and the Americas.

For more information, please visit .

Revenue Up 35.4% Year-on-Year API Token Call Volume Surges Nearly 6 Times

HONG KONG SAR – Media OutReach Newswire – 22 May 2026 – Phancy Group Co., Ltd. (“Phancy” or “The Company”, stock code: 6682.HK), a leading general artificial intelligence company, today announced its unaudited consolidated results for the first quarter ended 31 March 2026.

During the period, Phancy achieved revenue of approximately RMB1.458 billion, representing a 35.4% year-on-year increase. Gross profit margin remained at 35.1%. Phancy leveraged its deep expertise in full-stack AI cloud services, to capitalize on the accelerating adoption of localized computing power and strong enterprise demand for AI solutions. The Company achieved robust growth in its core businesses, accelerated product innovation, and secured several major partnerships, sustaining strong operational momentum.

2026 First Quarter Business Highlights:

Unified Enterprise AI Platform Drives Explosive Core Business Growth

Global computing resources remain constrained, while demand for both private enterprise AI deployments and API-based model calls continues to grow rapidly. Phancy’s enterprise-grade AI platform is built on a unified core architecture that seamlessly supports both API calling scenarios and dedicated private deployments. This significantly boosts AI application efficiency and resource utilization. Supported by a mature computing power supply chain developed over many years, Phancy’s deployable computing power resources have increased by over 200%. This enables the Company to effectively meet surging Token demand and consistently deliver stable, high-quality AI services to its customers.

In the first quarter of 2026, API Token call volume surged nearly 6 times compared to the same period in 2025, and already accounted for nearly 40% of the full-year 2025 total. Meanwhile, the Agentic AI business expanded rapidly, with deepening commercial adoption. Orders on hand grew nearly 100% compared to the end of 2025, emerging as a major growth driver for the Company.

AI Technology Iteration Accelerates, Commercialization Beats Expectations

Building on its continued push into digital employee applications and AI empowerment across business units, Phancy has significantly shortened the product development cycle from R&D to commercialization, enhancing overall operational efficiency and customer satisfaction.

As of mid-May 2026, ModelHub XC has completed adaptation and optimization for over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target – well ahead of schedule.

In May, Phancy launched PhanthyMovie, a professional-grade AI video generation platform designed to enhance creativity, control, and stability in video production, enabling standardized and large-scale content creation for the industry.

Leveraging its advanced technology and proven execution capabilities, PhanthyMovie achieved rapid commercial traction. Just days after launch, the Company entered into a strategic cooperation agreement with Huanxi Media, covering approximately US$200 million in AI Token usage. The two parties will also collaborate on the development of a next-generation AI-powered film and television content production platform, further strengthening Phancy’s position in the AI-driven cultural and creative sector.

Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration

Since May 2026, China’s AI sector has seen a series of positive policy developments focused on computing infrastructure, data element circulation, and open-source compliance governance. Phancy’s core products, including HAMi vGPU and ModelHub XC, are well-aligned with national policy directions and mainstream industry trends.

In terms of computing resource allocation, policies emphasize cross-regional collaboration and broader access to computing power. Phancy’s HAMi vGPU offers unified scheduling and fine-grained resource partitioning, effectively improving utilization rates, optimizing data center energy efficiency, and supporting unified management across multiple chips to boost single-card efficiency.

In data and model governance, the government continues to promote high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporates data traceability and security certification features to help enterprises reduce compliance risks, and uses the EngineX engine for batch adaptation of domestic chips and models. This significantly improves compatibility while enhancing Token output efficiency through targeted model tuning.

Through deep integration of its computing and model layers, Phancy has built a comprehensive “Compute–Model” integrated solution. This addresses key industry needs such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while strengthening its technological moat. The Company is well positioned to capture policy dividends and industry opportunities, supporting enterprises in their digital and intelligent transformation.

Hashtag: #PhancyGroup

The issuer is solely responsible for the content of this announcement.

About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”

Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.

Hyundai Motor Group has committed to placing more than 25,000 Atlas humanoid robots across Hyundai Motor and Kia factories, setting up a major test of industrial automation as its South Korea labour union warns that no deployment can proceed without a formal labour-management agreement. The plan, outlined to investors this week, marks one of the most ambitious humanoid robot rollouts yet proposed by a global carmaker. The […]

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