The UAE plans to invest between Dh150 billion and Dh200 billion in its energy sector by 2030, Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei said at ADIPEC 2026 on Monday, linking the spending to national security and rising electricity demand. Speaking during a ministerial panel in Abu Dhabi, Al Mazrouei said geopolitical uncertainty, expanding industrial activity and the power requirements of artificial intelligence and data […]
Arabian Post Staff -Dubai Abu Dhabi National Oil Company (ADNOC) has approved the Ruwais Diyab unconventional gas development, committing to a project designed to produce 345 million standard cubic feet of raw gas daily from 2029. The final investment decision, announced on Monday at the ADIPEC energy conference in Abu Dhabi, clears the way for the company’s first large-scale unconventional gas development. ADNOC expects production to continue […]
By Dr. Gyan Pathak The impressive political success of INDIA bloc’s New Delhi Ramlila ground rally on November 1 has clearly established an important milestone in Indian opposition politics. It indicates that this political movement centred round election irregularities, vote theft, and the demand of removal of Chief Election Commissioner (CEC) Gyanesh Kumar is most […]
Artificial intelligence developer Anthropic plans to offer shares worth up to 552.9 billion yen ($3.5 billion) to investors in Japan as part of its proposed US stock market debut, according to a regulatory filing released on Monday. The planned allocation represents a significant international component of the company’s initial public offering, potentially giving institutional and other eligible investors in Japan direct access to one of the largest […]
Three members of a family were found dead at their home in Changanassery, Kottayam district, on Saturday, with police investigating whether financial difficulties contributed to the suspected suicides. The deceased were identified as Saju Antony, 64, his wife Anu Saju, 59, and their son Savin Saju, 34, of Karingada Ho…
Britain has defended public backing for Rolls-Royce’s return to the narrowbody aircraft engine market, arguing that international competition and the need to protect aerospace employment justify government involvement despite the manufacturer’s strong profits. Industry Minister Blair McDougall said on Friday that governments had traditionally shared the risks associated with developing aircraft engines. His comments followed an agreement between Rolls-Royce and the government on a proposed £2.5 billion […]
By Dr. Gyan Pathak Real earning of workers in India remained unchanged and there was low quality of employment growth in recent years. Even though extreme poverty in India has been reported declined to 2.6 per cent by World Bank’s Poverty & Equity brief for India released on October 30, 2026. Poverty, Prosperity, and Planet […]
Greenlogue/AP Climate change is causing increasingly severe health damage worldwide, prompting researchers behind the 2026 Lancet Countdown to demand formal recognition of a global health emergency and stronger international action. The assessment, published on Wednesday ahead of the COP31 climate summit, finds that deaths associated with extreme heat, exposure to drought and other climate-related dangers have increased faster than efforts to protect populations. Its authors want the […]
By Dr. Gyan Pathak PM Narendra Modi led Government has been successfully marketing its slogan “Affordable medicine for all” ever since it started implementation of Jan Aushadhi scheme under Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) launched in 2015-16, but on the ground level pharmaceutical companies and hospitals were allowed to charge exorbitant and unaffordable prices, […]
By Ashok Nilakantan Ayers WASHINGTON: More than 39 million Americans have already voted. The Democratic candidates are campaigning on the cost of living, and US President Donald Trump is taking his fight into Republican strongholds. The early-voting surge signals intense engagement—but its political meaning remains uncertain. As the United States enters the final stretch of […]
By Nilotpal Basu Faced with growing protests over the large-scale electoral malpractices initiated by the supposedly neutral umpire, the Election Commission of India, which clearly favours the BJP, the government and the ruling party have gone berserk. Like a drowning man clutching at straws, the ruling party and its army of social media foot soldiers […]
The United Nations General Assembly voted overwhelmingly on Wednesday to demand an end to the United States embargo on Cuba, although support for the annual resolution fell sharply following a diplomatic campaign by Washington. The resolution passed with 130 countries voting in favour, 17 against and 25 abstaining. That compared with 165 votes in favour, seven against and 12 abstentions in 2025, marking a substantial shift in […]
By Dr. Gyan Pathak Once upon a time people in India exercised their “right to protest” in front of the ruling establishment in New Delhi free of cost, though they still needed government permissions for assembly of people for protest. However, under PM Narendra Modi, it has been abolished altogether with denotification of designated protest […]
Brazilian companies sharply increased trading in dollar-backed stablecoins during Sunday’s presidential election, seeking protection against currency volatility as the country’s conventional financial markets remained closed. Corporate accounts accounted for 78% of trading volume on cryptocurrency exchange Mercado Bitcoin on 25 October, when President Luiz Inácio Lula da Silva defeated challenger Flávio Bolsonaro. Turnover in Tether’s dollar-pegged USDT token jumped nearly 800% compared with the preceding Sunday, while […]
Generation Z singles are showing greater interest in dating while remaining cautious about artificial intelligence features introduced by matchmaking platforms, according to surveys that expose a divide between enthusiasm for technology and expectations of authentic relationships. Research commissioned by Bloomberg Intelligence and conducted by Attest among nearly 1,000 US respondents in May 2025 found younger adults more uncomfortable than millennials with AI drafting profile descriptions, composing replies […]
General Motors will transfer its stock market listing from the New York Stock Exchange to Nasdaq on November 17, aligning its market identity with an expanding emphasis on artificial intelligence, autonomous driving and software-driven vehicles. The Detroit-based automaker announced the decision on Tuesday, confirming that its shares will continue trading on the NYSE until November 16 before moving to the Nasdaq Global Select Market. The company will […]
Europe’s maize harvest is shrinking sharply as prolonged drought and extreme summer heat damage crops in Hungary and Romania, prompting farmers to abandon vulnerable fields and reconsider what they plant. The European Commission’s latest crop assessment, published on 23 October, confirms that summer crop yields remain below their five-year averages across much of the European Union. Persistent moisture shortages have also disrupted preparations for the next growing […]
The world’s dominant chipmaker now owns a slice of one of its largest customers. Nvidia’s $3 billion purchase of Meta stock, part of a share sale worth up to $95 billion, deserves far closer attention than it’s getting. The arrangement is easy to follow. Capital leaves the chipmaker as an investment and returns as revenue when Meta buys more processors and networking gear. Meta, for its part, […]
Transit cargo shipments through Russia’s Northern Sea Route are expected to exceed seven million tonnes in 2026, nearly doubling last year’s volume, according to a forecast by state nuclear corporation Rosatom. Vladimir Panov, Rosatom’s head of Arctic development, said the increase would establish a new record for cargo travelling through the Arctic corridor rather than originating from projects within the region. He also expects total freight movements […]
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Tata Motors has crossed the minimum acceptance threshold for its takeover of Iveco Group, with provisional tender results giving its acquisition vehicle an 89.42% holding in the Italian commercial vehicle manufacturer, excluding treasury shares.
The results, announced by Iveco on Monday and disclosed by Tata Motors on Tuesday, show that shareholders tendered 238,157,212 shares before the offer closed on 26 October. Those acceptances represent 87.81% of Iveco’s total common share capital, exceeding the revised 80% minimum required for the transaction to proceed.
The 89.42% figure is calculated after excluding the 4,868,597 shares held in Iveco’s treasury. It represents the prospective ownership of TML CV Holdings B. V., the Tata Motors acquisition subsidiary, rather than a completed transfer of the shares. Settlement remains subject to confirmation of the provisional results and satisfaction or waiver of other offer conditions.
Iveco said the final results and the status of outstanding conditions would be published by 29 October, before trading begins. Payment for shares accepted during the initial tender period is scheduled for 30 October, when ownership will transfer against the agreed cash consideration if the conditions are met.
The acquisition vehicle offered €14.40 for each share, valuing the 238.16 million tendered shares at approximately €3.43 billion. The overall offer has been valued at about €3.9 billion, making the transaction Tata Motors’ largest overseas acquisition since its purchase of Jaguar Land Rover in 2008.
The acceptance threshold was initially fixed at 95%, but fell automatically to 80% following a resolution approved by Iveco shareholders at an extraordinary general meeting on 16 October. That decision provided a mechanism for completing the transaction without securing acceptances from nearly every shareholder.
The lower requirement proved important as the tender period approached its deadline. Although the preliminary level of support comfortably exceeds 80%, it remains below the original 95% target. The final ownership structure will depend partly on the number of additional shareholders accepting the offer during a second window. Any subsequent steps towards full ownership or delisting will depend on the applicable procedures and the level of shares ultimately acquired.
Iveco has scheduled that reopening for five trading days, from 2 November to 6 November, subject to confirmation of the initial results and the remaining conditions. Investors who tender during the additional period are expected to receive payment on 13 November at the same €14.40 price.
Tata Motors raised its cash offer by 30 euro cents a share on 9 October, from €14.10, after the acquisition timetable was extended. The revised price applied to all shares tendered during the initial period, including those submitted before the increase was announced.
The takeover covers Iveco’s commercial vehicle operations, including trucks and buses, but excludes its defence business, which is being separated. The proposed combination would give Tata Motors a much larger manufacturing and distribution presence in Europe while bringing Iveco’s established commercial vehicle brands into the wider group. The deal would also broaden the range of vehicles and markets served by the combined commercial vehicle operations.
Iveco’s board had unanimously recommended that shareholders accept the offer. Its largest shareholder, Exor, which held approximately 27.06% of the common shares and 43.19% of voting rights when the offer was launched, had committed to tender its holding and support the necessary shareholder resolutions.
The transaction nevertheless drew opposition from investment firm Petrus Advisers, which argued that the original price undervalued Iveco and failed to reflect sufficiently the potential benefits of combining the businesses. The increase to €14.40 did not eliminate the importance of shareholder participation in meeting the formal acceptance condition.
Tata Motors managing director and chief executive Girish Wagh described the revised price as the company’s best and final offer before the tender deadline. The company had indicated that a substantial proportion of shareholders might submit their acceptances close to the closing date, a pattern reflected in the final provisional tally.
The offer began on 7 September after Italy’s market regulator, Consob, approved the offer document earlier that month. BNP Paribas’s Italian branch coordinated the collection of acceptances and supplied the provisional figures disclosed by Iveco.
Iveco said the acquisition vehicle had not purchased any common shares outside the tender offer between publication of the offer document on 4 September and the closing date. The company’s treasury holding accounted for approximately 1.80% of its issued common share capital.
Arabian Post Staff -Dubai Apollo Global Management has agreed to acquire a minority stake in Abu Dhabi-based Mubadala Capital, with the US investment group and other strategic investors expected to commit a combined $5 billion to its investment strategies. The agreement, announced on Monday, October 26, brings Apollo into the ownership structure of Mubadala Capital, the alternative asset management subsidiary of sovereign investor Mubadala Investment Company. The […]
Doug Liman’s cryptocurrency thriller Bitcoin, starring Gal Gadot, Isla Fisher, Casey Affleck and Pete Davidson, was presented to international buyers at the Cannes film market, with sales company 193 handling overseas distribution rights. The production, previously known as Killing Satoshi, centres on the disputed identity of Bitcoin’s creator and uses artificial intelligence to construct much of its visual environment. Patrick Wachsberger’s company 193 introduced the project to […]
Joint study shows emerging markets will generate 60% of new online spending over the next decade — most of it from consumers without a credit card
SINGAPORE – Media OutReach Newswire – 21 October 2026 – Asia is projected to add 702 million middle-class adults between 2026 and 2036, three-quarters of all middle-class growth in emerging markets, according to a new study from World Data Lab (WDL) and EBANX, a global technology company specializing in payment services for emerging markets.
Emerging markets will add USD 8.7T in online spending by 2036
But this new consumer class will not shop the same way developed-market consumers do: by 2036, only 20% of adults in emerging markets will hold a credit card, against 66% in developed markets.
Global online spending is projected to grow from USD 11 trillion in 2026 to USD 25.6 trillion in 2036. Emerging markets add USD 8.7 trillion of that increase (60% of all new online spending), with China (USD +4.7 trillion) and India (USD +1.3 trillion) leading this growth. Indonesia (USD +243 billion), Brazil (USD +249 billion) and Mexico (USD +191 billion) form the next tier.
The categories matter as much as the markets. Online gaming spending in emerging markets grows 14% a year over the decade, the fastest of any category, and SaaS nearly 10%. Emerging markets will generate 76% of global growth in social media spending and 64% in SaaS.
The demographic picture challenges a common assumption. Consumers aged 45 and over account for 51% of emerging markets’ online spending growth through 2036, and spending by those aged 65 and over grows 12% a year, faster than any other age group.
The outlook was discussed during “Navigating Payments: How innovation and fragmentation are changing the game for e-commerce,” a webinar co-hosted by World Data Lab (WDL) and EBANX.
“Over the next ten years, people aged 45 and over will add USD 4.4 trillion in online spending in emerging markets, half of all the growth. Some of them already shop on their phones and will keep doing so as they get older. Others will buy online for the first time in their fifties or sixties. Merchants who build their checkout only for a 25-year-old will miss both groups,” explained Wolfgang Fengler, CEO of WDL.
The study models consumer spending, demographics, and financial access across 184 countries to 2036, drawing on the World Bank’s Global Findex and WDL’s consumer models, combined with EBANX’s experience processing payments for global merchants in emerging markets since 2012.
“If your checkout only takes credit cards, you are competing for one in five adults in emerging markets and conceding the other four”, said Marie-Elise Droga, Chief Revenue Officer of EBANX. “The merchants growing fastest with us didn’t wait for cards to arrive: they added the payment rails their customers already use, and they’re taking new buyers, bigger baskets and recurring revenue that card-only competitors can’t even see.”
834 million new online buyers, 281 million new credit cards
Between 2026 and 2036, the global economy will add 834 million online buyers but only 281 million credit card holders—a ratio of nearly three to one. In emerging markets, two in three new online buyers (67%) will arrive without a credit card. Adults without it already account for 55% of online spending in emerging markets, a share that rises to 90% in India and 93% in Sub-Saharan Africa. Credit cardless adults also represent 52% to 59% of spending in every digital category, from gaming and SaaS to streaming and travel.
Digital payment use is also running ahead of online shopping. Of the 2.6 billion emerging-market adults spending between USD 6 and USD 25 a day, 70% already pay merchants digitally while only 33% buy online, leaving at least 957 million digitally active consumers who are not yet online buyers. Many hold a bank account or mobile wallet but no card that works at an international checkout.
“This is closely tied to the innovation that came out of the financial industry in emerging markets, which developed solutions for an increasingly mobile economy and for the habits of local consumers. Today, we call them local payment methods, or LPMs, and they allowed e-commerce growth to decouple from the credit card, which still has very low penetration in these countries,” said Estelita Hass, head of Market Intelligence at EBANX.
Subscriptions are the next frontier — and India shows why
Recurring categories such as streaming, SaaS and online education will reach USD 2.1 trillion a year in emerging markets by 2036, with USD 1.1 trillion coming from adults without a credit card. In India, 82% of recurring online spending will be cardless. Account-based recurring rails are beginning to close that gap: a global SaaS company saw a 20% uplift in new subscribers after adding UPI at checkout in India, and cybersecurity company Nord Security now generates 28% of its revenue in Brazil through Pix Automático, Brazil’s recurring instant payment, six months after launching it with EBANX.
The issuer is solely responsible for the content of this announcement.
ABOUT EBANX
EBANX is the leading technology platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike.
https://ebanx.com/en/
https://www.linkedin.com/company/ebanx/
