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CareCloud has begun notifying about 345,000 people that hackers accessed and removed sensitive medical, financial and identity information from an electronic health record environment operated by its CareCloud Health division. The compromised information may include names, residential addresses, dates of birth, Social Security numbers, driving licence and passport details, medical record numbers and health insurance information. Clinical data such as diagnoses, treatment details, prescription information, laboratory results […]

Wildfires sweeping through eastern Washington have destroyed about 600 homes, businesses and other buildings, forcing roughly 60,000 people to evacuate as firefighters struggle to contain several fast-moving blazes around Spokane. About 5,000 homes were covered by evacuation orders by Sunday, while thousands of residents remained displaced and large sections of the region were without electricity. No deaths, serious injuries or missing people had been reported, although authorities […]

Arabian Post Staff -Dubai Dubai Residential REIT posted a 15.1% increase in first-half net profit before property valuation changes and approved an interim cash dividend of AED573.2 million, supported by higher rents, near-full occupancy and additions to its housing portfolio. Net profit before changes in the fair value of investment property reached AED716.5 million for the six months ended June 30, up from AED622.3 million in the […]

DeepSeek’s V4-Flash artificial intelligence model has emerged as the cheapest widely recognised system to operate in independent benchmark testing, intensifying pressure on US and Chinese developers to cut prices while maintaining competitive performance. The Hangzhou-based company charges $0.14 per million input tokens and $0.28 per million output tokens for requests that do not use previously cached data. Its cache-hit price is substantially lower at $0.0028 per million […]

XRP entered August trading near $1.06, with investors weighing strong institutional demand against fading expectations that US lawmakers will pass landmark cryptocurrency legislation before the congressional recess. The token remains about 71% below the record of roughly $3.66 reached in July 2025, when regulatory optimism and expectations of exchange-traded fund approvals drove a sharp market advance. Its subdued price has prompted debate over whether institutional accumulation is […]

Trump Media & Technology Group’s publicly tracked bitcoin holdings have fallen to almost the exact amount it previously disclosed as collateral for convertible notes, intensifying scrutiny over whether a $165 million transfer to Crypto. com was a custody adjustment or a disposal. Wallets linked to the Truth Social parent moved about 2,628 bitcoin to Crypto. com in two transactions during the weekend. The tokens were valued at […]

Arabian Post Staff -Dubai Abu Dhabi National Oil Company will change the benchmark used to determine official selling prices for all its crude grades from November 1, replacing Murban futures with prompt-month Platts Dubai pricing. The overhaul will cover Murban, Das, Umm Lulu and Upper Zakum crude. ADNOC will announce a premium or discount for each grade against Dubai quotes during the month before the cargo is […]

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Arabian Post Staff -Dubai Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business, gaining its customer accounts, branches, cash machines and associated employees in a transaction expected to strengthen the Dubai-based lender’s position in one of the Arab world’s largest financial markets. The acquisition will be conducted through Emirates NBD Egypt, the banking group’s wholly owned subsidiary. Completion is targeted for the second half of […]

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 3 August 2026 – The HCM City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) on July 30 signed a US$721 million international syndicated social loan with the Asian Development Bank, Standard Chartered and other international financial institutions, marking the largest international syndicated social loan ever raised by a Vietnamese organisation.

Dr Nguyễn Thị Phương Thảo, Permanent Vice Chairwoman of HDBank's Board of Directors, speaks at the signing ceremony, noting that the US$721 million syndicated social loan opens up new resources to support sustainable development and financial inclusion in Việt Nam. — Photo courtesy of HDBank.
Dr Nguyễn Thị Phương Thảo, Permanent Vice Chairwoman of HDBank’s Board of Directors, speaks at the signing ceremony, noting that the US$721 million syndicated social loan opens up new resources to support sustainable development and financial inclusion in Việt Nam. — Photo courtesy of HDBank.

The transaction highlights strong confidence among global investors in HDBank and Vietnam’s long-term economic prospects.

The proceeds will be used to expand access to finance for micro, small and medium-sized enterprises, particularly women-owned businesses, supporting financial inclusion and sustainable development in Vietnam.

The facility was structured in line with the Social Loan Principles and HDBank’s Sustainable Finance Framework. ADB and Standard Chartered served as joint coordinators, while ANZ, Cathay United Bank, Commerzbank, Maybank Securities, MUFG Bank and the State Bank of India acted as mandated lead arrangers and bookrunners.

The transaction attracted strong interest from international investors, with commitments reaching US$721 million, around 60 per cent above the original target.

CEO of Standard Chartered Vietnam said the facility is the largest syndicated social loan ever raised by a Vietnamese organisation.

“This achievement reflects investors’ confidence in HDBank and its leadership team, and demonstrates optimism about Vietnam’s long-term growth prospects and the growing appeal of the country’s sustainable finance market among global investors,” the CEO said.

Speaking at the signing ceremony, Dr Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank’s Board of Directors, described the loan as a new milestone for the bank.

“It is our first financing facility dedicated exclusively to social initiatives, including programmes supporting women,” she said, adding that the transaction recognised HDBank’s long-standing commitment to community development through programmes supporting businesses, healthcare, education, culture, sports, women and children.

Tran Hoai Nam, HDBank’s Permanent Deputy CEO, said the proceeds would strengthen the bank’s medium- and long-term funding base while expanding lending to SMEs, particularly women-led businesses.

Earlier, HDBank had secured US$270 million in green financing and US$380 million in sustainable finance from international development finance institutions, including IFC, ADB, Proparco, DEG, LeapFrog, FMO, BII, JICA, FinDev and SMBC.

Hashtag: #HDBank

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

Arabian Post Staff -Dubai Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business, adding its customers, branches, cash machines and supporting employees to the Dubai-based group’s growing operations in one of the Middle East’s largest consumer markets. The transaction will be conducted through Emirates NBD Egypt, the banking group’s wholly owned local subsidiary. It remains subject to regulatory approvals and customary closing conditions and is […]

FIFA president Gianni Infantino has abandoned a proposal to sell a stake in the World Cup’s commercial operations to private investors after opposition from football authorities threatened to fracture the global game. Infantino confirmed that the FIFA Forward Enterprise project “will not proceed”, acknowledging that it had created divisions that were no longer compatible with the governing body’s stated aim of uniting and developing football. The reversal […]

Arabian Post Staff -Dubai Girl students burnt an effigy of BJP Lok Sabha member Kangana Ranaut in Jabalpur on Saturday, escalating protests over her remarks against young people who demonstrated over the NEET-UG paper leak. The protesters assembled at Ghantaghar in the Madhya Pradesh city, raised slogans against the Mandi parliamentarian and demanded her resignation. They accused Ranaut of insulting students who had sought accountability over alleged […]

Arabian Post Staff -Dubai Lebanese authorities have arrested former central bank governor Riad Salameh at a hospital north of Beirut after he failed to appear for questioning in a widening investigation into the alleged misuse of Banque du Liban funds. Salameh was detained at Bhannes Hospital on Friday after investigators searched three addresses linked to him. An arrest warrant was issued when judicial officials concluded that he […]

Russia has prohibited cryptocurrency mining across Moscow, the surrounding Moscow Region and parts of the Kursk Region until the end of 2032, widening restrictions designed to protect electricity networks from power-intensive digital currency operations. The measure will take effect on August 15, 2026, and remain in force until December 31, 2032. It covers both the mining of digital currencies and participation in cryptocurrency mining pools, closing a […]

The government has approved 543 Data and Artificial Intelligence Labs in industrial training institutes and polytechnics, alongside 58 AI Centres of Excellence, as it seeks to expand advanced technology skills and research capacity beyond the country’s largest urban centres.

The laboratories will be established across Tier-2 and Tier-3 cities under the IndiaAI FutureSkills programme. They are intended to provide practical training in artificial intelligence, data annotation, data curation and applied data science, giving students in technical institutions access to infrastructure and courses aligned with emerging employment needs.

The 58 Centres of Excellence will be developed across states and Union Territories through partnerships involving state administrations, academic institutions and industry. Their mandate is expected to include research, product development, startup support, workforce training and the application of AI to local economic and public-service challenges.

The expansion forms part of the ₹10,372 crore IndiaAI Mission approved in March 2024. The programme is structured around seven areas covering computing capacity, indigenous foundation models, application development, skills, datasets, startup financing and safe deployment of artificial intelligence.

Twenty-seven Data and AI Labs have already been established with the National Institute of Electronics and Information Technology in Tier-2 and Tier-3 locations. The additional 543 facilities will take the planned national network to 570 laboratories, extending the initiative through ITIs and polytechnics in all states and Union Territories.

Courses are being designed to offer both foundational instruction and sector-focused training. Planned subjects include data cleaning, Python-based annotation and curation, data science, generative AI awareness and the responsible use of automated tools. The laboratories are also expected to provide hands-on access to computing systems rather than relying solely on classroom theory.

The programme addresses a persistent concentration of technology education, research institutions and high-value digital employment in major cities. Students in smaller industrial and educational centres often face limited access to specialised trainers, computing infrastructure and industry networks, even as companies seek workers capable of handling data-intensive operations and AI-supported processes.

Industrial training institutes and polytechnics have been chosen because of their role in preparing students for technical occupations. Integrating AI modules into these institutions could connect traditional vocational education with changing requirements in manufacturing, logistics, healthcare, agriculture, retail, financial services and public administration.

The government is also developing standardised curricula for different levels of technical ability. The YUVA AI for All programme supports introductory literacy, while the Skilling for AI Readiness framework offers nationally aligned learning pathways for school students, educators, technical trainees and workers without formal computing backgrounds.

More than 120 AI-related courses are available through the Skill India Digital Hub, including 11 focused specifically on generative artificial intelligence. A 15-hour course titled AI to be Aware introduces learners to generative tools, practical applications, limitations and responsible usage under the National Skills Qualification Framework.

The laboratory rollout is being accompanied by a wider effort to strengthen research and deployment. The IndiaAI Mission has identified 762 potential AI use cases across 62 ministries, covering areas such as healthcare, agriculture, climate management, cybersecurity, financial regulation and government service delivery.

Eleven national hackathons and innovation challenges have been launched to move selected ideas from initial development towards pilot projects and wider implementation. The government has also approved applications for AI solutions designed around domestic languages, datasets and operational conditions.

The common computing programme has onboarded more than 38,000 graphics processing units, which are being offered to startups, researchers and academic institutions at subsidised rates. Access to such computing power is essential for training and testing large models, but costs remain a barrier for smaller companies and institutions.

Twelve organisations and consortia have been selected to develop large and small language models using domestic datasets. Participants include startups, technology companies and academic groups working on multilingual, multimodal and sector-specific systems. The resulting models are expected to support government applications and become available to the broader research and startup ecosystem.

Talent development under the mission includes support for more than 8,000 undergraduate students, 5,000 postgraduate students and 500 doctoral researchers. The laboratory network is designed to widen the entry point further by reaching students enrolled in vocational and diploma-level programmes.

Implementation will depend on the availability of qualified instructors, reliable connectivity, maintained hardware and sustained coordination between institutions and industry. Training outcomes will also need to be measured against employment, certification and practical competence rather than the number of laboratories formally approved.

Bitcoin is shifting from speculative traders to long-term holders, but weak demand is preventing the tightening supply structure from producing a convincing price recovery. On-chain indicators show that coins are changing hands less frequently as investors with longer holding horizons expand their share of the network’s realised value. Short-term holders now account for about 23% of Bitcoin’s realised capitalisation, a multi-year low, while the long-term holder share […]

Two transactions worth about $18 billion have reinforced private investors’ appetite for Gulf assets despite geopolitical disruption, tighter credit conditions and growing scrutiny of regional risk. The deals combine a $16 billion partnership involving Kuwait’s crude oil pipeline network and the roughly $2 billion first close of a Saudi-focused private equity fund backed by the Public Investment Fund. Together, they illustrate how infrastructure and sovereign-linked investment platforms […]

Investcorp Capital’s net profit fell 46% to $44 million for the financial year ended June 30, as higher borrowing costs, softer asset valuations and the timing of private-market exits weighed on earnings. The Abu Dhabi-listed alternative investment company had reported net profit of $81 million in the previous financial year. Gross operating income declined 24% to $94 million from $124 million, reflecting a more difficult environment for […]

Arabian Post Staff -Dubai UAE sovereign wealth funds and private companies are preparing to expand investments in India, targeting artificial intelligence, logistics, food security and infrastructure as the two countries deepen their economic partnership. Several significant announcements are expected over the coming months, UAE Ministry of Investment Undersecretary Mohammad Abdulrahman Alhawi said, highlighting sustained interest among government-backed funds and businesses in opportunities across the country. “Our sovereign […]

Arabian Post Staff -Dubai The Supreme Court has granted Jammu and Kashmir Chief Minister Omar Abdullah and Payal Abdullah a divorce after the estranged couple resolved their long-running matrimonial dispute through mediation. A Bench of Justices P S Narasimha and Alok Aradhe disposed of Abdullah’s appeal on Friday after being told that the parties had reached an amicable settlement and wanted their marriage formally dissolved. Senior advocate […]

FIFA has abandoned plans to sell a stake in the commercial business surrounding its global tournaments after football associations threatened to boycott competitions and senior executives challenged the proposal’s secrecy. President Gianni Infantino confirmed that the governing body would not proceed with the project, acknowledging that it had created divisions across world football. The reversal followed opposition from UEFA’s 55 member associations and resistance from Concacaf, leaving […]

Amazon Web Services has attributed a series of compromises involving widely used npm software packages, including Axios, Debug and Chalk, to a financially motivated hacking group linked to North Korea. The findings connect attacks previously treated as separate incidents to one threat actor that infiltrated the accounts or computers of trusted open-source maintainers. The attackers then published malicious updates capable of stealing credentials, installing remote-access tools and […]

Spinneys will raise its ownership of its Saudi Arabian subsidiary to 70 per cent by acquiring an additional 20 per cent stake from Abdul Mohsen AbdulAziz Al Hokair Holding Group for SAR18 million. The Dubai-listed premium grocery retailer said the transaction covers shares in Al-Ma’kulat Al-Fakhirah for Food Products, known as Spinneys KSA. Completion remains subject to regulatory approvals, including clearance from Saudi Arabia’s General Authority for […]

Arabian Post Staff -Dubai US President Donald Trump has announced an agreement for Hamas and other armed factions to disarm in Gaza, although key provisions remain unsettled and implementation could take almost a year. Trump described the agreement reached through the US-led Board of Peace as a major step in his 20-point plan for Gaza. The arrangement links phased disarmament to the gradual withdrawal of Israeli forces, […]

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