The United States and Iran are edging towards a peace memorandum that could reopen the Strait of Hormuz and pause a three-month war, though Tehran has withheld final approval and warned it will not cross its negotiating red lines. President Donald Trump said on Thursday that a settlement could be signed as soon as this weekend, possibly in Europe, and that the strait would “officially open” once […]
Arabian Post Staff -Dubai The UAE has firmly rejected allegations that money was moved from the country to Iran, including claims involving as much as $3bn, saying no frozen Iranian assets have been released, transferred or facilitated through its territory. The Ministry of Foreign Affairs said reports carried by unnamed international media outlets were “entirely false and unfounded”. The statement followed accounts suggesting that funds linked to […]
Topuria officially joined the global 1win VIP Community on June 2, becoming part of the brand’s exclusive project that unites prominent figures from sports, music, and entertainment. Two weeks later, he is set to headline UFC Freedom 250 against Justin Gaethje in a lightweight title unification bout in the White House. The event is already being described as one of the most memorable spectacles in combat sports history.
“It’s not gonna be the biggest in UFC history – it’s gonna be one of the biggest events in sports history,” Topuria said ahead of the fight.
The bout marks the first defense of the lightweight title Topuria captured last year when he knocked out former champion Charles Oliveira to become only the tenth fighter in UFC history to win titles in two different weight classes. Holding a professional record of 17-0-0, “El Matador” Topuria enters the contest looking to further cement his legacy.
Known for his confidence and tireless pursuit of excellence, Topuria believes success is built on preparation rather than chance, a mindset that aligns closely with the philosophy behind the 1win VIP Community.
“Life is a game. Most people sit and hope for luck. I find it inefficient. I prefer control and precision, because when you set your own rules, winning stops being a surprise. If that’s your way of life, you’re welcome at my table with 1win,” stressed Topuria upon joining the 1win VIP community.
The fighter has repeatedly demonstrated confidence ahead of his clash with Gaethje, emphasizing his discipline, hard work, and dedication.
Ilia Topuria joins a growing roster of internationally recognized athletes and entertainers engaging with 1win, including 1win VIP member, rapper Tyga, and brand ambassadors and UFC fighters Jon Jones, Gable Steveson, and Ignacio Bahamondes.
Hashtag: #1win
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1win is an international entertainment platform operating across multiple markets worldwide. Through partnerships with internationally recognized athletes and celebrities, the company creates engaging experiences and premium content for audiences worldwide.
Nintendo has reintroduced purchase checks for the multi-language version of the Switch 2 in Japan after detecting orders suspected of bulk buying, adding a fresh layer of control to one of the year’s most sought-after gaming devices. The Kyoto-based company temporarily halted sales of the Nintendo Switch 2 Multi-Language System on its official Nintendo Store and said future purchases would be limited to accounts showing at least […]
OpenAI has shut down two China-linked ChatGPT account clusters that it says tried to manipulate US debates over artificial intelligence infrastructure, tariffs and technology policy, with one campaign generating posts and cartoons that blamed data centres for higher electricity bills. The San Francisco-based company said the accounts were used to produce social media comments, comic strips, slogans and political cartoons for apparent covert influence operations. The activity […]
Russian military-linked hackers tracked as APT28 have shifted cyber operations into compromised internet routers, using the MooBot botnet and vulnerable edge devices to harvest credentials, route traffic and host malicious tools across dispersed global infrastructure. The technique marks an operational evolution for the group, also known as Fancy Bear, Sofacy, Forest Blizzard and Pawn Storm. Long associated with intelligence collection against NATO governments, Ukraine, defence contractors, political […]
Ripple has joined Mastercard’s Agent Pay for Machines programme, placing its XRP Ledger and RLUSD stablecoin within a new effort to build payment rails for AI agents and other autonomous software systems that can transact without manual intervention. The move links one of the best-known blockchain payments companies with a global card network seeking to define how machine-to-machine commerce should work as artificial intelligence systems begin buying […]
Arabian Post Staff -Dubai Dubai Future Foundation has graduated 160 students from the second cohort of the Dubai TKS – Knowledge Society programme, marking a sharp expansion of the emirate’s effort to build early-stage talent in artificial intelligence, robotics, climate technology, biotechnology and advanced computing. The students, aged 13 to 17 and drawn from a range of nationalities, completed the 10-month programme at a ceremony held at […]
El Niño has formed across the tropical Pacific, setting the stage for a potentially powerful climate event that could intensify heat, drought, floods and storms across several regions through the end of the year and into early 2027. Forecasters have issued an El Niño advisory after ocean and atmospheric indicators aligned over the past month, confirming that the coupled climate system has shifted into the warm phase […]
Elon Musk is on the brink of becoming the world’s first trillionaire as SpaceX prepares to open trading on Nasdaq after pricing the largest initial public offering on record, a deal that places one of the most strategically important technology companies at the centre of a debate over wealth, markets and power. Space Exploration Technologies Corp. priced 555,555,555 Class A shares at $135 each, raising about $75bn […]
Mistral AI is in talks to raise about €3 billion at a valuation of roughly €20 billion, a potential deal that would sharply lift the Paris-based artificial intelligence company’s standing among Europe’s most valuable private technology groups. The discussions remain fluid and may still change in size, timing or investor composition. If completed near the terms being discussed, the financing would mark another significant jump for a […]
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
Hashtag: #VerdantRock
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Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
Arabian Post Staff -Dubai L’Oréal Middle East has signed the UAE Climate-Responsible Companies Pledge, placing the beauty group’s regional operations under a national framework that asks private companies to measure emissions, set reduction plans and align business decisions with the UAE’s Net Zero by 2050 pathway. The pledge was announced at the third L’Oréal For the Future Summit in Dubai, where the company positioned climate action, refillable […]
The latest response includes curbs on bulk diesel purchases at retail outlets, a willingness to let the fiscal deficit widen beyond the Budget target, and measures to pull in overseas capital as policymakers try to contain pressure on inflation, subsidies and the balance of payments. The measures mark a sharp shift from the calmer macroeconomic backdrop at the start of the financial year, when lower inflation and steady growth had given authorities room to focus on consolidation.
Retail fuel outlets run by public sector oil marketing companies have been told to cap high-speed diesel sales at 200 litres per customer or vehicle per day. The restriction, planned for up to 90 days, is aimed at preventing hoarding and stopping commercial users from shifting large purchases to retail pumps, where prices are lower than bulk supply rates. Diesel bought from retail outlets cannot be resold, and dealers have been asked to ensure that sales go directly into vehicle tanks or approved containers.
The decision followed a surge in purchases from retail pumps after the conflict in West Asia widened the gap between retail and bulk diesel prices. Trucking firms, contractors and other commercial users have sought cheaper supplies, adding pressure on state-run fuel retailers that already carry most of the retail burden. Diesel accounts for a large share of transport and farm fuel demand, making any disruption politically sensitive as the kharif sowing season approaches.
The fiscal impact is becoming harder to ignore. The Budget had set the fiscal deficit target for 2026-27 at 4.3% of gross domestic product, after 4.4% in the revised estimate for 2025-26. Officials are now prepared to tolerate a higher deficit, potentially around 4.8% of GDP, if subsidy costs and energy-related spending rise further. Fertiliser subsidies are also expected to climb as global input costs move up, while fuel-related tax and pricing decisions could reduce revenue flexibility.
Spending cuts across ministries are being examined, though the Centre is likely to avoid sharp reductions in capital expenditure unless market conditions deteriorate further. Infrastructure spending has been one of the main pillars of growth in the past few years, and cutting it too deeply would risk weakening private investment at a time when companies are already facing higher transport and raw material costs.
The rupee has become the other pressure point. It strengthened on Friday after Brent crude fell below $90 a barrel on hopes of a diplomatic breakthrough, but the currency remains vulnerable to oil spikes because India depends heavily on imported crude. The Reserve Bank of India has introduced measures to attract dollar inflows, including support for foreign currency deposits and lower-cost hedging routes for overseas borrowing by state-run companies. Large lenders are preparing dollar bond issues, and banks expect a stronger push to tap non-resident deposits over the coming months.
Inflation has also started to reflect the shock. Retail inflation rose to 3.93% in May from 3.48% in April, with food and fuel costs moving higher. The reading remains close to the central bank’s 4% target, but the risk is that higher diesel prices feed into freight, farm operations and food distribution. Any weak monsoon spell linked to El Niño conditions would add another layer of pressure.
By Dr. Nilanjan Banik The Indian economy, to quote from Charles Dickens’ novel, looks like A Tale of Two Cities. Recent estimates suggest India’s real GDP expanded by 7.8%, with strong growth noted across sectors: services (9.3%), manufacturing (10.7%), and construction (7.4%). Consumption expenditure, which is the largest component of GDP explaining 58% of GDP, […]
The article Big Indian Corporates Are Not Investing Despite Series Of Govt Incentives appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Greenlogue/AP Climate stress is tightening its grip on vulnerable communities across the Middle East and North Africa, where water scarcity, conflict, weak public services and economic pressure are combining to narrow the choices available to millions of people. The region’s exposure is no longer defined by heat and drought alone. Families in fragile rural districts, informal urban settlements, refugee camps and conflict-affected towns are being pushed into […]
The Persian Gulf Strait Authority has said the Strait of Hormuz will be “completely closed” to transit traffic, escalating fears of a wider maritime disruption at the world’s most sensitive energy chokepoint as tensions involving US military operations intensify. The notice, issued through a post on X, cited “aggressive US forces” and an announcement by the IR Armed Forces as grounds for the planned closure. It told […]
Arabian Post Staff -Dubai Dubai has established the Dubai Longevity Authority under Law No. 17 of 2026, setting up a dedicated regulator to oversee one of the fastest-growing areas of healthcare, wellness and life sciences as the emirate seeks to build a global hub for advanced medicine and healthy ageing. The law was issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime […]
Arabian Post Staff -Dubai President Donald Trump said the United States and Iran could sign a peace agreement as early as this weekend to reopen the Strait of Hormuz, but Tehran pushed back against his claim, saying no final decision had been made on any settlement. The competing statements left diplomacy in a delicate phase on Friday, with Washington presenting the outline of a breakthrough while Iran […]
Hashtag: #Kaopiz #QuantumTX #MOU #StrategicPartnership #SoftwareDevelopment #VietnamSingaporeTechConnect #AIHealthcare
https://kaopiz.com/en/
https://www.linkedin.com/company/kaopiz/
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QuantumTX is a Singapore-based health technology company specializing in stress-free muscle activation devices backed by rigorous scientific R&D and clinical research. Its flagship MitoCharge technology activates muscle-mitochondria pathways to deliver physiological benefits equivalent to exercise, without physical exertion – designed specifically for aging populations, rehabilitation patients, and preventive health consumers. QuantumTX is committed to making healthy aging accessible and scalable across global markets.
Kaopiz is a global IT outsourcing and software development company with 12 years of experience and a core development center in Vietnam. With 1,000+ highly skilled engineers across software development, IoT solutions, AI integration, Cloud computing, Data engineering, and digital transformation, Kaopiz serves major enterprises in Japan, Singapore, and international markets across healthcare, finance, education, logistics, and manufacturing sectors, and more.
Kaopiz’s Singapore office is located at 1 Raffles Place, One Raffles Place Tower 2.
Hashtag: #Expereo, #Network, #ArtificialIntelligence, #AI, #Technology, #AIInvestment
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Wall Street’s AI trade came under pressure as investors reassessed stretched technology valuations before SpaceX’s planned market debut, with Alphabet, Microsoft, Meta Platforms and Oracle losing more than $200 billion in combined market value during the session. The sell-off hit some of the largest companies tied to artificial intelligence spending, cloud infrastructure and data-centre expansion. Alphabet fell about 2.5 per cent, Microsoft lost nearly 2.7 per cent, […]
A UAE-focused tourism session in Moscow drew one of the largest audiences at the Let’s Travel International Tourism Forum, underscoring the expanding role of travel in the broader economic relationship between the Emirates and Russia. The panel, titled “UAE-Russia Tourism Dialogue: Successful Stories”, was organised by the Russia-UAE Business Council in cooperation with the Embassy of the United Arab Emirates in the Russian Federation. Held during the […]
The project marks the company’s first new rare-earth refining facility since 2008 and comes as demand for high-performance magnets rises across electric vehicles, hard disk drives, robotics, wind power systems, defence equipment and advanced electronics. The investment is expected to exceed ¥35 billion, with ¥17.5 billion to be covered by government subsidy support, although the final cost and production schedule have not yet been fixed.
The new facility is intended to reinforce supplies for Shin-Etsu’s rare-earth magnet business and strengthen access to raw materials used in neodymium-based magnets. Heavy rare earths such as dysprosium, terbium and yttrium are particularly important because they improve magnet performance in high-temperature and high-stress applications, including vehicle motors and precision industrial systems.
Shin-Etsu already operates rare-earth refining facilities in Japan and has long been one of the country’s most important producers in the sector. Its rare-earth operations are centred in Fukui Prefecture, where it smelts materials and manufactures magnets at its plant in Echizen. The company says it works from raw materials through production to provide stable quality and supply, while also pursuing recycling and resource diversification.
The planned expansion reflects a broader shift in Japan’s industrial policy after months of tightening access to critical minerals. Chinese shipments of several heavy rare earths and gallium to Japan have been severely restricted since late 2025, heightening concerns among manufacturers that depend on these materials for magnets, semiconductors and other precision components. China continues to dominate mining, separation and refining capacity across the rare-earth value chain, giving Beijing considerable leverage over downstream industries.
Japan remains the largest rare-earth magnet producer outside China, but its manufacturers are still exposed to bottlenecks in the supply of heavy rare earths. The country has built stockpiles, backed overseas projects and encouraged recycling since the 2010 rare-earth shock, when diplomatic tensions with China exposed the risk of overdependence on one supplier. Those measures have improved resilience, but they have not removed the vulnerability.
The latest project is significant because it targets refining and processing rather than simply raw-material procurement. Mining deposits alone do not solve the supply challenge; rare earths require complex separation, purification and alloy processing before they can be turned into magnets. China’s advantage lies not only in reserves but also in decades of accumulated processing capacity, cost efficiency and industrial integration.
Shin-Etsu’s move also fits into a wider network of partnerships being pursued by Japan with Australia, France and the United States. Tokyo has backed alternative producers, supported offtake arrangements and encouraged private-sector investment in midstream processing. Australia-based Lynas has become a key non-China supplier, but output of heavy rare earths remains far below the volumes needed to replace Chinese supply in full.
The pressure is not limited to Japan. Manufacturers in the United States and Europe have faced similar supply uncertainty as export licensing delays affect rare earths used in aerospace, defence, clean energy and electronics. Companies exposed to the restrictions are searching for alternative suppliers, but industry executives warn that rebuilding a fully independent supply chain will take years.
For Shin-Etsu, the business case rests on both security and demand. Permanent magnets are central to electrification and digital infrastructure. Electric vehicles require compact, powerful motors; data centres and hard disk drives depend on precision magnetic components; wind turbines need high-strength magnets to improve efficiency. Demand growth has made the magnet supply chain a strategic concern for governments as well as manufacturers.
The company’s project is unlikely to eliminate Japan’s reliance on imported feedstock, especially for heavy rare earths where global non-China supply remains thin. It could, however, give domestic manufacturers greater control over processing, quality assurance and emergency production planning. That matters for customers in sectors where delivery delays can disrupt production lines and where material specifications are tightly controlled.
The government subsidy underscores how rare earths have moved from a specialist materials issue to a national industrial priority. Public support reduces the financial burden on companies undertaking technically demanding projects with long payback periods. It also signals that Tokyo is prepared to use industrial policy to keep strategic capabilities onshore.
