Dubai has approved an 80-kilometre road corridor linking Abu Dhabi and Sharjah through the emirate, a two-phase project intended to divert through traffic, strengthen freight movement and sharply reduce journey times on key sections of the network. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, approved implementation of the New Fourth Corridor, which will run from […]
Arabian Post Staff -Dubai Ajman Real Estate Investment Exhibition 2026 recorded 344 property transactions worth AED226 million on its third day, as visitor numbers reached 6,936 at Emirates Hospitality Hall. The figures were announced as the fourth edition of the exhibition continued in Ajman on Wednesday, with the Ajman Land and Real Estate Regulation Department citing strong participation from investors, developers and property specialists. The event had […]
Arabian Post Staff -Dubai The UAE has ranked first in a new global tax optimisation index assessing 48 jurisdictions for internationally mobile individuals, driven by its lack of personal income, wealth and inheritance taxes and a 5 per cent value-added tax. The study by Global Citizen Solutions’ Global Intelligence Unit gave the UAE a composite score of 82.7 out of 100, narrowly ahead of Antigua and Barbuda […]
A US federal judge has ordered Elon Musk’s X Corp and SpaceXAI to disclose any agreement behind their resolution of antitrust claims against Apple, even as the companies press ahead with the same lawsuit against OpenAI. Judge Mark Pittman of the US District Court for the Northern District of Texas directed X and SpaceXAI to provide the court with any agreement or combination of agreements with Apple […]
Arabian Post Staff -Dubai Oil prices fell on Wednesday after Saudi Arabia offered additional crude cargoes to Asian refiners through Oman, easing fears that Middle East disruptions would remove more barrels from the market. Brent crude settled $2.92, or 2.7 per cent, lower at $105.83 a barrel, while US West Texas Intermediate dropped $3.40, or 3.2 per cent, to $102.43. The decline followed a rally driven by […]
Nigeria’s fixed-income market appears to be crossing an important threshold. For much of the past two years, yields were principally shaped by a familiar combination of aggressive government borrowing, restrictive monetary policy and investors demanding substantial compensation for inflation and currency risk. That hierarchy is changing. AAG Capital argues that liquidity is becoming the more powerful force behind pricing, potentially pushing government yields lower even while fiscal […]
US midterm elections are emerging as a fresh policy risk for artificial intelligence-linked stocks as President Donald Trump defends rapid AI development while candidates from both parties respond to widening voter resistance to data centres and calls for tighter safeguards. The political pressure intensified this week after Trump rejected demands for a slowdown in advanced AI development and argued that existing laws and enforcement powers were sufficient […]
Germany’s hospitals are accelerating preparations for a potential wartime surge of wounded patients, with military planners warning that a NATO conflict could send hundreds of casualties into the health system each day. The Bundeswehr has built scenarios involving 300 to 1,000 wounded service personnel arriving daily, a scale that would rapidly overwhelm Germany’s five military hospitals and require extensive use of civilian facilities. Military medical planners say […]
The US Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, halting the cryptocurrency industry’s strongest attempt to secure a comprehensive federal market structure framework and pushing the regulatory burden back towards existing agencies. The cloture motion on the measure, H. R. 3633, was rejected 49-50, according to the Senate’s official roll call. Sixty votes were required to end debate on the motion to […]
Five alleged leaders of the Cape Town branch of the Black Axe network have appeared in a New Jersey federal court after being extradited from South Africa to face charges over internet fraud and money laundering schemes that prosecutors say targeted victims in the United States. Perry Osagiede, 57, Franklyn Edosa Osagiede, 42, Osariemen Eric Clement, 40, Collins Owhofasa Otughwor, 42, and Musa Mudashiru, 38, were extradited […]
The US National Institute of Standards and Technology has finalised new guidance aimed at reducing theft, forgery and misuse of digital tokens that underpin single sign-on, cloud federation and API access. NIST Interagency Report 8587, released on September 15, sets out implementation recommendations for federal agencies and cloud service providers handling identity tokens, access tokens and assertions. The document focuses on how organisations should protect signing keys, […]
The US Senate failed to advance the CLARITY Act on Tuesday, handing the cryptocurrency industry a major setback despite a late White House effort to challenge banking-sector warnings that stablecoin rewards could drain deposits and curb lending. The procedural vote ended 50-49 in favour of advancing the legislation, 10 votes short of the 60 required. Republican senators Jerry Moran, Rand Paul, Josh Hawley and Thom Tillis joined […]
Foreign capital has just delivered its verdict on the United States, and the verdict is not what Washington wants to hear. A record $600 billion flowed into US equities over the past year, outpacing foreign purchases of Treasuries for the first time since the 2008 financial crisis. For decades, buying America meant buying its government debt alongside its companies as though they were one investment. This assumption […]
A federal judge has stopped the Trump administration from imposing fixed limits on how long foreign students, exchange visitors and journalists may remain in the United States, blocking a major immigration rule one day before it was due to take effect. U. S. District Judge F. Dennis Saylor IV in Boston issued a preliminary injunction on Monday, September 14, finding that the Department of Homeland Security had […]
Netflix, Amazon and YouTube have created a Washington-based lobbying coalition to press for policies favouring consumer choice and technology-neutral treatment of streaming services as political scrutiny intensifies over the migration of live sport from traditional television. The Streaming Access and Choice Alliance, or SACA, was announced on Monday with the three companies as founding members and TechNet, a technology industry advocacy group, leading the organisation. Mike Ward, […]
The US Supreme Court has refused to let the Postal Service enforce new restrictions on mail-in ballots before the November midterm elections, leaving in place a lower-court order that bars the rules while legal challenges continue. The justices on Monday rejected the Trump administration’s emergency request to lift an injunction imposed by US District Judge Indira Talwani in Boston. The court said in an unsigned order that […]
President Donald Trump has rejected calls for tougher artificial intelligence safeguards, arguing that existing US powers are sufficient even as security specialists warn that faster AI systems are widening the attack surface for cryptocurrency platforms and decentralised finance. Trump said on September 14 that additional safeguards were unnecessary and dismissed warnings from technology executives about uncontrolled development. His position places the White House at odds with industry […]
Eight major US banking trade groups have urged Senate leaders to tighten the CLARITY Act’s restrictions on stablecoin rewards, warning that a new regulatory “circuit breaker” would take effect only after damaging deposit outflows had already occurred. The warning came in a joint letter sent on Monday to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer ahead of a procedural vote scheduled for Tuesday, September […]
US Senator Bernie Sanders and former Trump adviser Steve Bannon will appear at a Washington gathering on Tuesday, joining labour, religious and political figures calling for controls over advanced artificial intelligence. The Pro-Human Assembly, organised by the Future of Life Institute, is expected to bring together participants who rarely share a political platform but have converged around concerns that advancing AI could threaten jobs, autonomy, democratic institutions […]
Arabian Post Staff -Dubai Wall Street is preparing for the Federal Reserve to raise interest rates this week for the first time since July 2023, after another surge in oil prices and stubborn inflation pushed market expectations decisively towards tighter policy. Interest-rate futures on Monday assigned roughly a 90% probability to a quarter-point increase at the Federal Open Market Committee’s September 15-16 meeting. A move of 25 […]
Calls by leading artificial intelligence executives to slow development of advanced models pressured Asian semiconductor shares on Monday, but investors and strategists said robust spending on computing infrastructure was likely to keep the longer-term AI investment cycle intact. Samsung Electronics fell as much as 4.1% in early trading, while South Korea’s SK Hynix dropped 5.8%. Japan’s Advantest declined 4.7% and Kioxia Holdings slid 9.3% as markets assessed […]
Artificial intelligence leaders are facing mounting resistance from investors and President Donald Trump after calls by Anthropic and OpenAI to slow the advance of frontier models triggered sharp losses in technology shares and exposed a widening dispute over how quickly the industry should proceed. Anthropic chief executive Dario Amodei has urged leading developers to reduce the pace at which they improve model capabilities, arguing that safety systems […]
Bitcoin faces renewed downside warnings after Bloomberg Intelligence senior commodity strategist Mike McGlone argued that a stock-market correction and tighter US monetary policy could drive the cryptocurrency sharply lower, potentially towards $10,000. McGlone’s latest bearish case centres on Bitcoin’s failure to establish a sustained break above $80,000, its increasing sensitivity to equities and the prospect that higher interest rates could pressure speculative assets. Bitcoin was trading near […]
Binance has set out a compliance and user-protection drive in West Africa as regulators in the region move to bring cryptocurrency trading, custody and related services under oversight. Its approach combines identity checks, transaction monitoring, sanctions screening, fraud prevention, asset-security controls and co-operation with law-enforcement agencies. Binance also says it now has more than 1,500 people in compliance-related roles globally, spending about $300 million a year on […]
