Arabian Post Staff -Dubai President Donald Trump dismissed reports that the Pentagon harbours concerns about the feasibility of a prolonged military campaign against Iran, declaring that he alone would decide on any course of action while reiterating his preference for a negotiated settlement. “Everything that has been written about a potential war with Iran has been written incorrectly, and purposefully so,” Trump wrote on social media […]
Arabian Post Staff -Dubai Kuwait Petroleum Corporation has opened preliminary discussions with a broad pool of global investors over the potential sale of a minority stake in its crude oil pipeline assets valued at about $7 billion, according to three people familiar with the matter, signalling a strategic shift that mirrors monetisation drives across the Gulf. The early-stage talks centre on infrastructure funds and private equity groups […]
A magnitude 5.7 earthquake struck off the coast of West Papua province in Indonesia on Tuesday, recording a shallow depth that had authorities monitoring a broad swath of Papua’s coastal communities for shaking effects, according to seismic data from international observatories. The German Research Centre for Geosciences and seismic networks reported the tremor’s epicentre in the Ceram Sea region of West Papua, with a hypocentral depth of […]
GUANGDONG, CHINA & BAGSVÆRD, DENMARK – Media OutReach Newswire – 24 February 2026 – The United Laboratories International Holdings Limited (TUL) and Novo Nordisk A/S (Novo Nordisk) today announced topline results from a Chinese phase 2 trial of UBT251, a triple agonist of the receptors for GLP-1, GIP, and glucagon (triple G).
UBT251 is being jointly developed by TUL’s wholly-owned subsidiary The United Bio-Technology (Hengqin) Co., Ltd. (United Biotechnology) and Novo Nordisk under an agreement signed in March 2025. United Biotechnology is responsible for development in Chinese mainland, Hong Kong, Macau and Taiwan, while Novo Nordisk is responsible for development in the rest of the world.
The trial, conducted by United Biotechnology, investigated the safety and efficacy of once-weekly injectable 2 mg, 4 mg and 6 mg doses of UBT251 compared to placebo in Chinese people with overweight or obesity. From a baseline mean body weight of 92.2 kg, the highest mean weight loss observed for people treated with UBT251 was 19.7% (-17.5 kg) compared to 2.0% (-1.6kg) in the placebo group after 24 weeks of treatment[i].
Moreover, all dose groups of UBT251 showed statistically significant improvements relative to placebo on key secondary endpoints, including waist circumference, blood glucose, blood pressure and lipids.
In the trial, UBT251 appeared to have a safe and well-tolerated profile. The most common adverse events were gastrointestinal, and the vast majority were mild to moderate and diminished over time, consistent with incretin-based therapies.
“The success of the phase 2 clinical trial of UBT251 in China represents another significant milestone in TUL’s innovation-driven development,” said Mr Tsoi Hoi Shan, Chairman of TUL. “We will continue to focus on chronic diseases, including endocrine and metabolic disorders, accelerate the further development of UBT251, and strive to bring more high-quality treatment options to patients worldwide at the earliest opportunity.”
“We are very encouraged by these data from the trial in China, which demonstrate the potential of UBT251 and its differentiated clinical profile and safety and tolerability profile,” said Martin Holst Lange, executive vice president, chief scientific officer and head of Research and Development at Novo Nordisk. “We look forward to reporting data from a global trial with UBT251 conducted by Novo Nordisk next year.”
Novo Nordisk recently initiated a global phase 1b/2a trial investigating the safety, tolerability, pharmacokinetics and pharmacodynamics of different doses of UBT251 for up to 28 weeks in around 330 people living with overweight or obesity. Topline data from that trial is expected in 2027. Novo Nordisk also expects to initiate a phase 2 trial with UBT251 in people with type 2 diabetes in the second half of 2026.
United Biotechnology will present detailed data from the Chinese phase 2 trial at a medical congress later this year. Based on the results of this trial, the company is planning to initiate a phase 3 trial in Chinese patients with overweight or obesity.
About the Chinese phase 2 trial
This randomized, double-blind, placebo-controlled trial enrolled a total of 205 Chinese patients with obesity (BMI ≥ 28.0 kg/m²) or overweight (24.0 kg/m² ≤ BMI < 28.0 kg/m²) with at least one weight-related comorbidity. The baseline mean body weight of the patients was 92.2 kg, with a baseline mean BMI of 33.1 kg/m².
Patients were randomly assigned to receive weekly subcutaneous injections of UBT251 in doses of 2 mg, 4 mg, 6 mg, or placebo for 24 weeks.
The primary endpoint of the trial was the percentage change in body weight from baseline after 24 weeks of treatment.
About UBT251
UBT251 is a long-acting synthetic peptide triple agonist targeting the receptors for GLP-1 (glucagon-like peptide-1), GIP (glucose-dependent insulinotropic polypeptide) and glucagon.
In March 2025, United Biotechnology entered an exclusive license agreement with Novo Nordisk A/S for UBT251. Under the agreement, Novo Nordisk obtained exclusive worldwide rights (excluding Chinese mainland, Hong Kong, Macau, and Taiwan) to develop, manufacture and commercialise UBT251. United Biotechnology retained the rights for UBT251 in Chinese mainland, Hong Kong, Macau and Taiwan.
Hashtag: #UBT251
The issuer is solely responsible for the content of this announcement.
Founded in 1990, TUL (HKEX: 3933) is mainly engaged in the research and development, production and sales of pharmaceuticals, and ranks among the leading integrated pharmaceutical companies in China. TUL currently boasts seven production bases, covering intermediate products, bulk medicine, finished products, veterinary drugs, empty capsule casings, and medical devices, with the sales networks dotted across nearly 80 countries and regions. United Biotechnology, located in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, serves as the biopharmaceutical R&D headquarter of TUL. United Biotechnology focuses on the development of high-end biopharmaceuticals to treat major chronic diseases. For more information, please visit 
www.tul.com.cn.
Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat serious chronic diseases, built upon our heritage in diabetes. We do so by pioneering scientific breakthroughs, expanding access to our medicines, and working to prevent and ultimately cure disease. Novo Nordisk employs about 68,800 people in 80 countries and markets its products in around 170 countries. For more information, visit novonordisk.com, 
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Stablecoin payments firm RedotPay is weighing a public listing in the United States that could raise as much as $1 billion, signalling growing investor appetite for crypto-linked financial infrastructure as digital dollar transactions gain traction across retail and cross-border commerce. People familiar with the matter indicate the company has begun exploratory discussions with advisers about a potential initial public offering, though timing and valuation remain subject to […]
Bitcoin is hovering near the $60,000 threshold after a sharp weekly slide, with derivatives data indicating that a decisive break lower could unleash as much as $2.2 billion in forced liquidations across major exchanges. The world’s largest cryptocurrency has retreated from highs above $70,000 reached earlier this quarter, shedding momentum as risk appetite across global markets softens. Trading desks report heightened volatility and thinning order books around […]
HONG KONG SAR – Media OutReach Newswire – 24 February 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with Hong Kong Trade Development Council (HKTDC), will lead a delegation of 21 Hong Kong tech companies and institutions to showcase at Mobile World Congress (MWC) 2026—the world’s premier connectivity event, and debut at 4 Years From Now (4YFN) 2026—a global stage for start-ups, taking place concurrently 2-5 March in Barcelona, Spain.
Building on the momentum from MWC 2025—the Delegation will be featuring solutions beyond the Connectivity category, covering focus areas across Devices and Systems, Digital Transformation and support from Ecosystem Partners. The Pavilion duet ought to give a more comprehensive picture of Hong Kong’s innovation and technology (I&T) capabilities in engaging global telecom leaders, enterprise decision-makers, industry partners, and investors, bridging cutting-edge research and development (R&D) into real-world applications and propelling Hong Kong’s I&T sector onto the international stage.
Derek Chim, Head of Startup Ecosystem and Development, HKSTP said, “MWC is a global bellwether for communications technology and tech companies at any stage, to connect with the industry and investors, to have a solid ground that validate solutions, catalyse pilot projects, accelerate commercialisation, and scale internationally.”
Iris Wong, Director, Merchandise Trade and Innovation / Director, External Relations, HKTDC, said, “The Hong Kong Tech Pavilion is an ideal platform for Hong Kong tech enterprises to present their latest R&D achievements at major international tech gatherings, support their journey to explore overseas markets, while highlighting Hong Kong’s strengths as an international innovation and technology hub.”
A series of dialogues and exchanges, spanning from networking reception and themed talks to pitching sessions, will take place throughout the events at the Pavilion to facilitate partnerships and investment opportunities for innovative solutions that are market-ready with high potential for market expansion, in particular, Asmote and Cresento under “Connectivity” make stellar examples of the notion:
HKSTP continues to join hands with HKTDC to support Hong Kong tech enterprises to “go global” by jointly organising the Hong Kong Tech Pavilion to build bridges linking tech companies with the world. This expedites the industry’s progress in internationalisation to meet the growing demand for I&T globally. This will attract talents, facilitate forward-looking investments and explore opportunities globally, realising the mission of entrepreneurs to reach out to the world and further consolidate Hong Kong’s position as an international I&T hub.
Mobile World Congress Barcelona (MWC) & 4 Years From Now (4YFN)
Date: 2-5 March 2026
Venue: Fira Gran Via, Av. Joan Carles I, 64, 08908 L’Hospitalet de Llobregat, Barcelona, Spain
Hong Kong Tech Pavilion:
MWC – Booth 6E44 at Hall 6
4YFN – Booth 8.1B31 at Hall 8.1
Please visit https://bit.ly/MWC2026HKTech for more information on Hong Kong Tech Pavilion and the exhibitors.
Appendix: Full list of 21 tech entities showcasing at Hong Kong Tech Pavilion during MWC and 4YFN 2026 (in alphabetical order)
| No. | Name of Tech Company / Institution | Category |
| MWC 2026 – Booth 6E44 at Hall 6 | ||
| 1 | Entoptica Limited | Devices & Systems |
| 2 | eSIX | Connectivity |
| 3 | Faraconix Technologies Co., Ltd. | Connectivity |
| 4 | FreightAmigo Services Limited | Digital Transformation |
| 5 | Glassdio Scientific Company Limited | Connectivity |
| 6 | Harvest Elite International Limited | Digital Transformation |
| 7 | HongKong Umedia Limited | Devices & Systems |
| 8 | iASPEC Services Limited | Digital Transformation |
| 9 | InvestHK | Ecosystem Partners |
| 10 | Robocore Technology Limited | Devices & Systems |
| 11 | Shannon & Turing Technology Limited | Connectivity |
| 12 | The Hong Kong Polytechnic University | Ecosystem Partners |
| 13 | Xeroptix Technology | Devices & Systems |
| 4YFN 2026 – Booth 8.1B31 at Hall 8.1 | ||
| 14 | AIGM Limited | Digital Transformation |
| 15 | BWSea Technology (HK) Co., Limited | Digital Transformation |
| 16 | Cresento Limited | Devices & Systems |
| 17 | GoGoChart Technology Limited | Digital Transformation |
| 18 | HairCoSys Limited | Devices & Systems |
| 19 | KNQ Technology Limited | Digital Transformation |
| 20 | Solos Technology Limited | Devices & Systems |
| 21 | Vista Innotech Limited | Devices & Systems |
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
More information about HKSTP is available at www.hkstp.org
Battery swapping allows drivers to exchange a depleted battery for a fully charged one in a matter of minutes at automated stations. Proponents argue that the process reduces waiting times, eases pressure on charging grids and addresses consumer concerns over driving range. The single-day tally reflects the rapid build-out of swapping infrastructure, particularly in urban clusters where electric vehicle adoption has surged.
Nio, one of the most prominent advocates of the model, has invested heavily in automated swap stations capable of completing a battery exchange in roughly three to five minutes. The company has deployed thousands of such stations nationwide, positioning the service as a core part of its premium brand offering. CATL, the world’s largest electric vehicle battery manufacturer, has also entered the segment, unveiling standardised battery packs and modular swap solutions aimed at broader industry adoption.
The record comes as authorities continue to encourage innovation in electric mobility as part of wider decarbonisation efforts. China remains the world’s largest market for electric vehicles, accounting for more than half of global sales. According to industry data, new energy vehicles — which include battery-electric and plug-in hybrid models — have steadily expanded their share of total car sales, supported by policy incentives, local government backing and a dense manufacturing ecosystem.
Supporters of battery swapping argue that the model can complement fast-charging networks rather than replace them. While high-powered chargers have improved, recharging times can still extend beyond 20 minutes depending on capacity and grid availability. Swapping offers a predictable and shorter turnaround, which fleet operators such as ride-hailing and logistics companies view as critical to maintaining vehicle utilisation rates.
Industry analysts note that standardisation has historically been a barrier to wider adoption. Different vehicle platforms often require unique battery configurations, complicating interoperability. CATL has sought to address this by promoting unified battery specifications that could be shared across brands. If widely adopted, such standardisation could lower infrastructure costs and accelerate rollout beyond premium segments.
Nio has expanded partnerships with other manufacturers to open its swapping network to additional vehicle models. The company has also integrated digital systems to allow drivers to locate stations, reserve slots and monitor battery health. Executives argue that separating vehicle ownership from battery ownership — through subscription-style battery leasing — reduces upfront purchase prices and mitigates concerns over long-term battery degradation.
However, sceptics question whether the economics can be sustained at scale. Building and maintaining automated swap stations requires substantial capital expenditure. Each site houses multiple battery packs, robotic handling systems and grid connections capable of recharging stored units. Critics argue that fast-charging networks, which rely on increasingly powerful chargers, may offer a more straightforward path to expansion without the need for physical battery inventories.
Grid management is another factor shaping the debate. Swapping stations can recharge batteries during off-peak hours and potentially provide energy storage services to the grid. By smoothing demand, operators may reduce strain during peak periods. Analysts suggest that such integration could become more valuable as renewable energy capacity grows and grid balancing becomes more complex.
Beyond domestic deployment, Chinese firms have signalled ambitions to export swapping technology. Pilot projects have been announced in parts of Europe and Asia, though regulatory frameworks and consumer preferences vary widely. In markets where home charging is common and long-distance travel patterns differ, adoption may face distinct challenges. Even so, global interest in reducing charging bottlenecks has prompted automakers and policymakers to monitor developments closely.
Competition within China’s electric vehicle market remains intense. Dozens of manufacturers are vying for market share amid price competition and rapid technological upgrades. Infrastructure innovation has become a key differentiator. Companies capable of offering integrated ecosystems — spanning vehicle, battery, software and energy services — are viewed as better positioned to secure customer loyalty in a crowded field.
The 146,000-swap benchmark illustrates how quickly usage volumes can scale once infrastructure density reaches critical mass. Urban corridors linking major economic centres have seen particularly high utilisation rates, with drivers opting for swaps during peak commuting hours. Fleet operators report that predictable turnaround times improve route planning and asset productivity.
Storm-related travel bans, widespread flight cancellations and severe blizzard conditions have thrown daily life into disarray across large swathes of the northeastern United States, disrupting transportation networks and leaving hundreds of thousands without power. Authorities in major cities including New York enforced bans on non-essential road travel, while some states declared states of emergency as heavy snow and fierce winds battered the densely populated East Coast. New […]
The partnership is designed to provide greater confidence throughout the EV ownership journey—ensuring that premium electric vehicles are supported by reliable charging solutions, responsive roadside assistance, and integrated digital services. By combining VinFast’s expanding EV presence in the UAE with PlusX Electric’s on-demand charging capabilities and infrastructure expertise, the two parties will work together to deliver a seamless, convenience-led, and assurance-driven experience for VinFast drivers.
Under the MoU, VinFast and PlusX Electric will collaborate across a structured set of initiatives focused on charging availability, ownership support, and infrastructure enablement across key use cases, including home, workplace, fleet, and on-road assistance.
Specifically, the two parties aim to deploy Portable EV Charging Pods to meet customers’ flexible charging needs during vehicle usage, while enabling access to On-Demand Mobile Charging services designed to assist in time-sensitive situations. The partnership will also explore EV Roadside Assistance (RSA) – Emergency Charging services, helping reduce range anxiety and vehicle downtime while strengthening customer assurance through clearly defined service workflows and operational readiness.
In addition, PlusX Electric may become a preferred partner for the supply, installation, and aftersales support of Home & Office Chargers for VinFast customers in the UAE, in alignment with applicable UAE compliance requirements. For commercial and fleet segments, the two parties will explore scalable solutions such as DC Fast Charger Leasing and dedicated mobile charging support, ensuring operational continuity and efficiency for B2B and fleet customers.
As part of the collaboration, VinFast and PlusX Electric will further explore digital integration initiatives to streamline how customers access charging services, manage bookings, and receive service updates through partner platforms. The two parties will also assess potential integration of EV insurance offerings via the PlusX App and explore co-branding opportunities, including VinFast branding on PlusX Power Pods, with the objective of delivering a cohesive and fully integrated EV ecosystem experience.
Ms. Do Hoai Linh, CEO of VinFast Middle East, shared: “VinFast is committed to building a long-term and comprehensive EV ecosystem in the UAE—one that gives customers confidence not only in the quality and performance of our electric vehicles, but also in the reliability and accessibility of the supporting infrastructure. Through this MoU with PlusX Electric, we are strengthening the support layer around EV adoption by expanding access to flexible charging solutions, emergency assistance services, and integrated digital touchpoints. By working with a DEWA-approved partner that understands local regulatory requirements and operational realities, we aim to make EV ownership simpler, more dependable, and better aligned with the expectations of customers in the Middle East.”
Chintan Sareen – Founder and CEO of PlusX Electric added: “EV adoption accelerates when customers trust that charging and support are always within reach. Our collaboration with VinFast reflects a shared commitment to strengthening the EV ownership ecosystem in the UAE through dependable infrastructure, responsive roadside services, and customer-centric digital solutions. As a DEWA-approved provider, PlusX Electric brings localized expertise in charger supply and installation, mobile charging operations, and fleet enablement. Together with VinFast, we look forward to delivering practical, scalable solutions that enhance service reliability, reduce range anxiety, and support the continued growth of sustainable mobility in the region.”
Across the Middle East, VinFast continues to expand its presence through strategic partnerships, strengthened aftersales capabilities, and the development of EV-supporting infrastructure. The collaboration with PlusX Electric underscores VinFast’s long-term commitment to supporting customers throughout their ownership journey and contributing to the UAE’s transition toward sustainable and future-ready mobility solutions.
Hashtag: #Vinfast
The issuer is solely responsible for the content of this announcement.
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC — one of Vietnam’s largest private conglomerates — is a pure electric vehicle (EV) manufacturer with a mission to make EVs more accessible to all. Its current product lineup includes a range of electric SUVs, e-scooters, e-bikes, and electric buses.
VinFast is entering its next phase of global growth by rapidly expanding its distribution and dealership network, strengthening manufacturing capabilities, and focusing on key markets in North America, Europe, and Asia.
Learn more about VinFast: https://me.vinfast.com/en
PlusX Electric is a DEWA-approved EV charging and electric mobility solutions company in the UAE, offering end-to-end charging services including charger supply and installation, mobile charging solutions, EV roadside assistance, and fleet charging partnerships. PlusX Electric is committed to making EV charging more accessible, reliable, and convenient for both individual and commercial customers across the UAE.
Kyndryl has unveiled a Cyber Defense Operations Center in Bengaluru, bringing its network and security operations under a single command structure as enterprises confront an escalation in AI-enabled cyber attacks. The new facility, described by the company as a Cyber Defense Operations Center, is designed to integrate traditional network monitoring with advanced threat detection, incident response and resilience planning. Executives said the unified model is intended to […]
Air India has scrapped all its flights to and from New York City and Newark Liberty International Airport for both Monday, 23 February and Tuesday, 24 February, citing a powerful winter storm bearing down on the US East Coast that has forced widespread travel disruption and grounding of services. The airline said heavy snow, strong winds and hazardous conditions forecast across New York, New Jersey and adjoining states would significantly disrupt airport operations, prompting a precautionary halt to services to prioritise passenger and crew safety.
The cancellations form part of a wider aviation standstill triggered by one of the most intense nor’easter systems to sweep the Northeast this season. The National Weather Service has issued blizzard warnings stretching from Delaware through to Massachusetts, including the New York metropolitan area, where forecasters expect between 30 cm and 61 cm of snow, strong gusts and white-out conditions that threaten to make travel perilous. Municipal authorities have imposed travel bans on non-essential movement and activated emergency measures to cope with the storm’s impact.
Air India’s travel advisory advised travellers booked on affected services to contact the carrier’s support teams for rebooking and assistance, underscoring the airline’s efforts to manage disruption for customers despite the operational freeze. Dedicated ground teams have been deployed at airports to help passengers with alternative arrangements and support. The move mirrors actions by other international carriers, with Emirates and Etihad also cancelling flights to US destinations as the storm hobbles aviation corridors between the Middle East and the United States.
The storm system, dubbed a blizzard by weather authorities, has shut down road travel across much of the Northeast. New York City’s mayor has ordered a citywide ban on non-essential travel during peak weather, while neighbouring New Jersey and several states along the Eastern Seaboard have declared states of emergency, mobilising snow-clearing crews and National Guard units. Public transit services, including buses and commuter rail, face severe curtailments as snowfall rates surge.
Across the region, airports have reported thousands of flight cancellations and delays as shuddered operations ripple outward from the hardest-hit hubs. Alongside Air India’s transatlantic cancellations, major carriers have pulled back services at John F. Kennedy, LaGuardia and Boston Logan International Airports, where airlines have warned passengers to expect prolonged disruption as crews and infrastructure teams work to clear runways and de-ice aircraft.
The National Weather Service’s warnings reflect the storm’s scale. Blizzard alerts encompassing New York City mark the first of their kind in several years for the area, with forecasters noting that coastal flooding, damaging winds and snow loads that can down power lines are all present within the storm’s profile. Some jurisdictions are anticipating snow accumulations that could eclipse seasonal norms, heightening concerns over transportation and emergency response capabilities as attention turns to post-storm recovery.
The pattern of disruption emerging from this event follows a string of significant winter weather episodes across North America in recent weeks, including powerful storms earlier in the winter season that had already stressed transport networks and emergency services. This latest system’s timing and intensity compound logistical challenges for travellers and carriers alike, with airlines adjusting timetables, offering refunds and reshaping schedules as conditions evolve.
An automated crypto trading bot transferred tokens worth about $450,000 to a social media user after misreading a post seeking a small sum for medical treatment, triggering debate over the risks of linking artificial intelligence systems directly to blockchain wallets. The bot, known as “Lobstar Wilde”, had been operating on X as an experimental, autonomous trader designed to interact with users, analyse sentiment and execute on-chain transactions. […]
North Korean state-backed hackers are exploiting global technology recruitment channels to plant malware, siphon intellectual property and generate covert revenue, according to multiple cyber security investigations tracking activity since 2022. The operations combine fake IT worker identities with booby-trapped job interviews, turning routine hiring processes into attack vectors aimed at software developers and technology firms. Security analysts say the campaigns form part of a broader strategy by […]
Qatar’s $580 billion sovereign wealth vehicle is committing fresh capital to a private credit firm founded by former Goldman Sachs partners, marking another step in the Gulf state’s push into alternative assets. Qatar Investment Authority is investing a few hundred million dollars in 5C Investment Partners, according to people familiar with the matter. The funding is expected to support the firm’s expansion in direct lending, a segment […]
More than a thousand malicious plug-ins capable of siphoning cryptocurrency wallet data and sensitive credentials have been identified on OpenClaw’s ClawHub platform, raising fresh concerns over the security of decentralised software marketplaces and the speed at which harmful code can spread through developer ecosystems. Security researchers examining ClawHub said they had flagged 1,184 so-called “skills” that appeared designed to harvest SSH keys, private wallet information and other […]
Dubai authorities have revived and significantly expanded a Ramadan initiative aimed at encouraging children to attend mosque prayers, rolling it out to more than 300 mosques across the emirate as part of a broader push to deepen community engagement during the holy month. The programme, known as Ayal Al-Freej, invites children aged between six and 12 to collect special Ramadan “passports” that are stamped each time they […]
Blockchain ventures built around sport are moving beyond fan tokens towards real-time, onchain markets tied directly to match-day outcomes, marking a new phase for what has become known as SportFi. Developers and investors say the model aims to deepen fan engagement by allowing supporters to trade digital assets linked to specific games, player performances and season milestones, while settling transactions transparently on public blockchains. Proponents argue that […]
ProShares’ first exchange-traded fund designed to hold tokenised cash instruments attracted roughly $17 billion in assets on its market debut, igniting speculation across digital asset markets about whether Circle had shifted part of the reserves backing its USDC stablecoin into the vehicle. The scale of the launch marked one of the largest first-day asset gatherings for a US-listed ETF and underscored the pace at which traditional asset […]
Cybersecurity analysts warn that operators linked to North Korea have expanded their assault on digital asset platforms, a year after a record-breaking breach at Dubai-based exchange Bybit exposed structural weaknesses across the sector. On 21 February 2025, attackers attributed by multiple governments and private security firms to Pyongyang stole about $1.46 billion in cryptoassets from Bybit, marking the largest confirmed theft in the history of the cryptocurrency […]
Dubai has moved into the next stage of its real estate tokenisation drive, expanding the initiative onto the XRP Ledger in a bid to widen investor access and streamline property transactions through blockchain technology. The second phase of the emirate’s Real Estate Tokenisation Project allows approved investors to trade fractionalised property interests recorded on the XRP Ledger, a public blockchain associated with Ripple. Officials say the move […]
Arabian Post Staff -Dubai Dubai Aerospace Enterprise’s leasing arm is nearing an agreement to acquire a controlling stake in Macquarie AirFinance, signalling a significant shift in the global aircraft leasing market as investors seek to capitalise on tight jet supply and strong airline demand. Industry executives familiar with the discussions said Dubai-based DAE Capital is in advanced negotiations to take control of the leasing platform, which […]
A sophisticated cyber-espionage group known as Silver Fox has launched a fresh wave of targeted attacks against organisations in Taiwan, deploying advanced techniques designed to evade detection and disable security controls while delivering a remote access trojan known as Winos 4.0, also referred to by researchers as ValleyRat. Cyber security analysts tracking the activity say the campaign combines DLL sideloading with a method called Bring Your Own […]
Centralised control of artificial intelligence is facing a serious challenge as decentralised networks gather pace, promising to dilute the dominance of technology giants and open development to a broader community of users and developers. For much of the past decade, cutting-edge AI models have been built and deployed by a handful of well-funded companies with access to vast computing infrastructure and proprietary data. Firms such as OpenAI, […]
