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Abu Dhabi-based XRG P. J. S. C. has finalised its acquisition of an 11.7 percent equity interest in Phase 1 of the Rio Grande LNG project in Brownsville, Texas, marking the company’s first natural gas investment in the United States. The purchase was made through a joint-venture structure involving Global Infrastructure Partners, an investment vehicle affiliated with BlackRock. Phase 1 of Rio Grande LNG is one of […]

A Paris criminal court has sentenced former French president Nicolas Sarkozy to five years in prison, having found him guilty of criminal conspiracy tied to alleged Libyan financing of his 2007 presidential campaign. The court’s ruling mandates that he serve time even if he appeals, underscoring the gravity attributed to his conduct. Judges determined that between 2005 and 2007 Sarkozy conspired, through close aides, to seek funding […]

President Duma Boko has declared that his government intends to secure a controlling share in De Beers by the end of October, pushing Botswana to renegotiate its position in the global diamond supply chain. The move comes as Anglo American, the majority owner of De Beers, appears ready to divest its 85 percent stake. Botswana currently holds 15 percent of De Beers and jointly operates the mining […]

Dubai’s Roads and Transport Authority has unveiled a new strategic focus for the 5th Dubai World Challenge for Self-Driving Transport, scheduled for 2027: smart integrated infrastructure. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, said the competition will pivot to challenges that bind sensing, connectivity and analytics to urban infrastructure across Dubai.

At the closing of the Dubai World Congress for Self-Driving Transport held at the Dubai World Trade Centre, RTA inked four key agreements with Emaar Properties, Al Futtaim Group, and the winners of the 2025 challenge—WeRide and Deutsche Bahn consortium, together with Zelos Technology—to deploy and test autonomous systems in Festival City, Creek Harbour and other strategic urban zones. Al Tayer affirmed that the move aligns with Dubai’s ambition to serve as a global testbed for mobility innovation.

This year’s theme shifts from discrete vehicle-centric competition to a systems-level mandate: entrants will be judged on how well their solutions embed into city-wide networks of sensors, roads, communication links and data platforms. The RTA framework calls for designs that anticipate traffic dynamics, weather variations and public transit interaction, while maintaining safety, resilience and sustainability.

Over 3,000 participants and more than 80 expert speakers participated in the Congress, spanning government, academia and industry. The gathering marked the formal launch of the 2027 edition. The Congress also highlighted Dubai’s strategic goal that by 2030, one quarter of all journeys within the emirate will be autonomous or smart-enabled—an ambition already embedded in the RTA’s transport roadmap.

Stakeholders see this shift as an essential maturation of the challenge format. Rather than focusing only on individual vehicle prototypes, the next competition will test ecosystem coherence and scalability across urban modules. According to industry analysts, the new direction presses participants to align with evolving demands in mobility, where digital and physical layers must fuse.

Dubai’s prior edition in 2025 carried the theme “Dubai Autonomous Transport Zone,” pushing contestants to integrate multiple autonomous mobility modes in defined neighbourhoods. That foundation now gives way to a broader remit, with RTA officials stressing that smart infrastructure is the backbone for reliability and public acceptance of self-driving systems.

The agreements struck with developers and past challenge winners will see pilots in zones like Festival City and Creek Harbour, where road layouts, sensor grids and vehicle operations will be tested side by side. RTA counts on these field deployments to validate technical performance, operational cost and citizen experience before full-scale adoption.

Critics caution that the complexity of integrating diverse systems—communications, edge computing, failsafe control layers—could raise cost, regulatory and interoperability risks. Some stakeholders argue the success of the 2027 challenge will depend on whether entrants can navigate not only technical but institutional challenges across urban agencies and telecommunications providers.

For technology firms and research groups, the new emphasis offers both opportunity and challenge. It rewards proposals able to harmonise hardware, software, data and governance. Observers expect to see consortia spanning telecom operators, municipal agencies, AI firms, and road infrastructure specialists.

A high-profile gathering scheduled for 29 September in Singapore will convene health professionals, AI innovators and medtech entrepreneurs to examine the evolving intersection of artificial intelligence and clinical care. Titled CliniConnect: AI X Healthcare SG Edition, the event aims to catalyse collaboration across disciplines and continents.

Organisers say the agenda will include interactive panels, pitch sessions, and roundtable debates focused on real-world adoption of AI in diagnostics, hospital systems, and patient care. They expect participation from clinicians, researchers, startup founders and regulatory stakeholders alike. The event is expected to coincide with TOKEN2049, a major AI & blockchain gathering, offering cross-domain exposure and synergy.

CliniConnect has hosted several prior editions in Singapore and other regional hubs, with past speakers including Dr Adam Chee, founding lead of Singapore’s Centre for AI-Enabled Health. These gatherings have emphasised bridging the gap between algorithm development and clinical deployment, with attention to ethics, data governance and system integration.

One central topic will be how hospitals and health systems can scale AI solutions beyond pilot phase. Many institutions struggle to integrate point-solutions into legacy electronic health records or workflows. Executives and innovation leads at the event will share strategies for deploying AI at scale without fragmenting operations.

Another critical strand will explore trust, explainability and regulatory oversight. While AI is making strides in pathology, radiology and triage, clinicians often resist “black-box” models. Some speakers plan to advocate hybrid approaches combining model outputs with human oversight or modular interpretability frameworks.

Regulatory perspectives are expected to feature heavily. Several jurisdictions are updating medical device rules to account for adaptive algorithms. Singapore’s Health Sciences Authority has begun consultations on AI frameworks, and regional alignment across ASEAN markets remains a challenge. CliniConnect hopes to provide a forum for convergence on standards, data privacy and cross-border validation.

On the entrepreneurship front, medtech startups will pitch innovations aimed at workflow automation, predisposition risk modeling, remote patient monitoring, and imaging augmentation. Organisers have indicated that venture capital and hospital innovation arms will be present, seeking collaborations or early investments.

The event also intends to showcase case studies from institutions that have begun deploying AI in clinical settings. Narratives are expected from hospitals in Singapore, South Korea, India and Dubai on how they piloted decision-support tools, performance-monitoring systems or diagnostic assistants, and the bottlenecks they encountered in scaling. These stories will help attendees assess trade-offs, resource requirements and institutional readiness.

Observers note CliniConnect’s growing ambition: it now brands itself not just as a regional meetup but as a bridge between Asia’s health tech communities and global AI networks. By aligning with TOKEN2049 and leveraging cross-sector partnerships, it hopes to attract more international participants and raise its influence in defining health AI standards.

Arada has acquired a 75 percent stake in London-based residential developer Regal as part of a Dhs 2.5 billion investment that marks its first UK foray and second international expansion after Australia. The UK business will be rebranded as Arada London, with an ambition to turbocharge Regal’s pipeline from 10,000 units across 11 projects to over 30,000 within three years.

The acquisition was formalised in a ceremony attended by Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Chairman of Arada. Arada’s Group CEO, Ahmed Alkhoshaibi, said that more than half of the capital will be channelled into accelerating development and securing new land parcels. He described the London market environment as one presenting “right opportunities to acquire the right sites at the right price”.

Regal’s chief executive, Jonathan Seal, and the existing executive team will remain in post after the transaction. Seal remarked that Arada’s alignment with Regal’s strategic values and long-term vision made it a fitting partner to lead the next phase of growth.

The deal gives Arada an immediate platform in London, tapping into Regal’s diversified portfolio, which spans for-sale residential units, purpose-built student accommodation, and mixed-use regeneration schemes. Among ongoing developments is the Fulton & Fifth project in Wembley, comprising 876 homes of which 40 percent are designated as affordable housing, and Orchard Wharf in Tower Hamlets, which recently secured approval for 1,365 student beds and 200 homes.

Analysts see strategic logic in entering London via acquisition rather than greenfield development, citing the complexities and regulatory friction in the UK housing sector. Arada’s move follows a wave of Gulf-based developers expanding into London, including Damac, Aldar, and Modon, often via partnerships or subsidiaries.

However, entering the London residential market is not without risk. Regal’s 2024 accounts showed £252 million in short-term debt, contrasted against £196 million of investment property, reflecting potential balance-sheet stress. The UK housing sector continues to face headwinds from construction inflation, planning delays, and demand volatility.

Arada has defended the timing. Alkhoshaibi stated that entering markets when sentiment is subdued allows for acquiring desirable assets at lower cost, positioning for upside when conditions recover. He noted that Arada’s approach is to maintain momentum in its UAE operations while layering growth abroad.

Beyond the UK, Arada is also contemplating further regional expansion. The company is reportedly in discussions with Saudi Arabia’s Public Investment Fund about a large mixed-use project in the kingdom. In the UAE itself, Arada plans a Dhs 3 billion development project in Ras Al Khaimah next year, reinforcing its domestic footprint.

The inaugural Open Source Summit Korea is set to take place in Seoul on 4–5 November, gathering developers, community leaders, corporate adopters and policy advocates under one roof. Organisers expect a high-powered two-day event blending technical deep dives, cross-domain dialogue and community building across open source’s diverse ecosystems. The summit will host seven major tracks: Cloud & Containers, Embedded Linux, Linux, Open AI + Data, Open Source […]

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Aldar Properties has acquired Modon Holding’s full 17.45 per cent indirect stake in Aldar Estates, pushing its total ownership to 82.55 per cent. The shares had been held through Modon’s subsidiary ADNEC Group. Financial terms of the deal were not made public. With the transaction, Aldar retains its position as majority stakeholder, consolidating its influence over the real-estate services arm. Aldar Estates, launched in 2023 via a […]

Dubai’s engineering and construction powerhouse ALEC Holdings PJSC has fixed its IPO share price between AED 1.35 and AED 1.40, opening subscriptions for a 20 percent stake in the company. The offering will feature 1 billion existing shares, valuing the company at AED 6.75 billion to AED 7 billion at the time of listing. The subscription period began on 23 September and will close on 30 September […]

Saudi Arabia’s capital markets are poised for a transformative leap as the Capital Market Authority moves toward allowing foreigners to hold more than 49 percent stakes in listed firms, marking one of the most consequential policy reversals in decades. Abdulaziz Abdulmohsen Bin Hassan, a CMA board member, confirmed that the regulator is in advanced stages of softening the ownership ceiling.

The current 49 percent cap on foreign ownership, introduced in the latest regulations, restricts the extent to which overseas investors can control local companies. Under the new proposal, non-Saudi investors would be able to exceed that threshold in select cases. The CMA has not publicly disclosed the new upper limit, but Bin Hassan suggested that the change could take effect before the end of the year.

Market analysts view this as a critical push by Saudi authorities to deepen global investor participation in the Kingdom’s equity market. By raising the allowable foreign shareholding, Saudi stocks would likely climb in weighting within MSCI and FTSE emerging-market indexes, thus drawing fresh capital flows.

Despite the momentum, several caveats remain. The draft change still requires sign-offs from multiple government bodies. Observers note that any permitted increase may come with conditions—such as lock-in periods, sectoral restrictions, or thresholds specific to strategic or institutional investors.

Over the past year, Saudi regulators have introduced a series of capital market reforms to bridge the gap between local standards and international norms. In July, the CMA approved amendments to rules governing investment funds and procedures for opening investment accounts for foreign individuals and institutions. Those changes broadened access and simplified cross-border investment mechanisms.

Under current rules, a foreign strategic investor is exempt from the 49 percent cap if it commits to holding shares for at least two years. These strategic investors are often long-term institutional players with operational or financial interests in the Kingdom. The expanded ownership proposal may build on this classification.

In 2025, Saudi Arabia also opened the door to foreign investment in listed companies owning real estate in Mecca and Medina—previously off limits to non-Saudi investors. That move allowed participation in shares and convertible instruments up to 49 percent.

For many Gulf and global fund managers, the prospective loosening is a signal that Saudi markets are gearing up to compete more aggressively with financial hubs like Dubai and Singapore. Some institutional investors have been reluctant to commit heavily to Saudi equities due to restrictions on ownership, market liquidity and governance complexity.

But not everyone is unconstrained by the cap: a handful of foreign firms already command regulatory exceptions or use swap agreements and licenced intermediaries to gain indirect exposure. The push to raise the ownership ceiling could simplify such structures or render them unnecessary.

Saudi sovereign and public funds may play a central role in cushioning any shocks from greater foreign participation. Observers expect state-backed capital to anchor or co-invest in large deals, reinforcing stability.

Citadines strengthens leadership in the resilient upper-midscale segment through rapid conversions and geographical diversification Franchise model gains momentum as a driver of scalable, efficient growth Global brand campaign amplifies refreshed Citadines lifestyle with activ∞ and “For the Love of Coffee” experiences across operational properties SINGAPORE – Media OutReach Newswire – 24 September 2025 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment […]

As medicine keeps changing, regenerative science is becoming an exciting area for doctors who want to help their patients even more. Imagine being able to fix damaged tissues and organs, heal long-lasting wounds, and treat serious diseases with new and powerful methods. This science could change the way patients are treated and help them feel better faster. Doctors who want to keep up with these new ideas […]

Wynn Al Marjan Island, a joint venture between Wynn Resorts, Marjan, and RAK Hospitality Holding, is poised to open in March 2027 as the UAE’s first fully integrated gaming resort. The project has breached its 61st floor on the 70‐storey tower, and developers say construction is progressing “on plan.” The resort will feature over 1,542 hotel rooms, more than 22 restaurants and lounges, and a hotel tower […]

Aldar Properties has increased its ownership stake in Aldar Estates to 82.55%, acquiring the 17.45% indirect share held by Modon Holding via its wholly-owned subsidiary ADNEC Group. The move solidifies Aldar’s dominance over the region’s largest integrated real-estate service platform.

Aldar Estates, formed through a merger of Aldar, IHC, and ADNEC’s property and facilities management businesses, has seen strong growth since its establishment in 2023. Aldar now holds outright control following the ADNEC-Modon exit.

Under Aldar’s direction, the platform manages roughly 155,000 residential units, and has almost doubled its prime retail and commercial leasable space to two million square metres. Contracts under management are now said to exceed AED 3 billion. These figures reflect ambitious expansion in recurring-income services.

Financially, Aldar Estates delivered revenues of about AED 2.6 billion in 2024, with EBITDA near AED 400 million, forming a growing part of Aldar’s overall strategy to emphasise stable income-streams outside pure property development. Aldar Investment oversees a broader AED 47 billion portfolio of income-generating assets.

Aldar’s Chief Executive of Aldar Investment, Jassem Salah Busaibe, said that the business is well positioned for further scale-up given increasing demand in property, facilities, and community services, along with a rising base of third-party clients. Gordons in landscaping, technical services, security, sustainability consulting and community management have been among the areas where Aldar Estates has expanded its offering.

HONG KONG AND SHANGHAI, CHINA – Media OutReach Newswire – 22 September 2025 – Hang Lung Group Limited (SEHK stock code: 00010) and Hang Lung Properties Limited (SEHK stock code: 00101) (collectively known as “Hang Lung” or “the Group”) today hosted a cocktail reception to celebrate their 65th anniversary, gathering important business partners, industry leaders, and key stakeholders to commemorate its legacy, and to explore what the […]

Abu Dhabi has finalised a major agreement to enforce greater transparency in crypto-asset taxation by signing the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework. The deal mandates automatic exchange of tax-related data on crypto transactions across jurisdictions, aligning the UAE with rising global norms on financial disclosure. The Ministry of Finance confirmed that CARF will start operating in the UAE in 2027, with the first […]

Abu Dhabi sovereign wealth fund Mubadala is exploring a full exit from its Turkish operations with Getir, which would include its delivery, financing and car-rental units, say people familiar with the matter. It is in advanced negotiations to offload Getir Arac, the car-rental arm, to Turkish firm Tiktak. Other units, including Getir Finans and the main delivery business, are also under consideration for sale.

Mubadala is Getir’s largest shareholder and obtained controlling interests across Getir’s Turkish subsidiaries in 2021 and 2024. The fund’s deliberations follow an ongoing dispute with the founders of Getir over how the company should be restructured. The founders resisted Mubadala’s plans, describing some actions by the fund as an “illegal coup”, and launched legal challenges in the Netherlands and elsewhere. The courts have, in some instances, sided with Mubadala.

Talks on Getir Arac are said to be well-advanced, although Tiktak has declined to comment. Meanwhile, in the delivery business, U. S.-based DoorDash has been identified as one of the potential buyers, among others. The details of ownership stakes in each Getir unit—delivery, financing, car rental—remain unclear. Mubadala has not offered public comment on these possible divestments.

Getir’s financial trajectory has weakened since its peak valuation of approximately $12 billion in 2022. The company expanded rapidly during the pandemic across several Western European markets and into North America, only to withdraw from those operations as demand waned and operational costs rose. As part of restructuring, non-core businesses were intended to be separated from profitable local grocery delivery operations.

HONG KONG SAR – Media OutReach Newswire – 22 September 2025 – DFI Retail Group (“DFI” or “the Group”) is pleased to announce a five-year partnership with Toumi Foods and Product Co., Ltd. (“Toumi”), one of Thailand’s leading rice exporters. This collaboration will see the production and delivery of 1,000 metric tons low-carbon rice to Hong Kong and Macau markets in 2026. Curtis Liu, Chief Executive Officer, […]

Chill Lab has positively impacted 146,161 people across Hong Kong 187 secondary schools were engaged via augmented reality (AR) and virtual reality (VR) sessions, creative workshops and capacity building for students, teachers and parents The latest student-led “We Can” program trained 40 youth leaders who delivered 17 projects benefiting 17,005 members of the public Z Zurich Foundation youth mental wellbeing white paper urges school‑based youth interventions, where […]

Abu Dhabi has formally joined the international regime for automatic exchange of tax information in the crypto-asset sector, with the Ministry of Finance signing the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework. Implementation of CARF in the UAE is set to begin in 2027, and the first exchanges of information under the framework are planned for 2028. The agreement lays out standards for sharing tax-related […]

By T N Ashok The Trump administration’s latest immigration directive has stunned employers, foreign workers, and higher-education leaders alike: a $100,000 surcharge on each H-1B visa application, announced by executive order on 19 September 2025. What might appear on the surface as a routine adjustment to visa fees is, in reality, a dramatic escalation in […]

The article Trump’s $100,000 H-1B Visa Fee Redefines U.S. Liberal Immigration Policy appeared first on Latest India news, analysis and reports on IPA Newspack.

UAE–India non-oil trade reached US$37.6 billion in the first half of 2025, marking a 33.9 per cent increase over the same period last year, the UAE’s Minister of Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi, announced. This growth is seen as firm evidence that both countries are on track to meet their shared goal of US$100 billion in annual non-oil trade by 2030. Dr Al Zeyoudi […]

Qatar Investment Authority is injecting US$500 million into Ivanhoe Mines via a private placement that grants the sovereign wealth fund roughly a 4 per cent interest in the Canadian miner. Ivanhoe will issue 57,516,666 common shares at CAD 12 per share, with proceeds earmarked for development of critical mineral projects and general corporate needs.

Ivanhoe Mines operates key assets in southern Africa, notably the Kamoa-Kakula copper complex in the Democratic Republic of the Congo, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine also in the DRC, and the Platreef platinum group metals project in South Africa, which is set to begin production in the fourth quarter of 2025. The QIA investment supports work across these operations and Ivanhoe’s exploration licences in the Western Forelands, which cover large prospective areas.

Robert Friedland, Ivanhoe’s Executive Co-Chair, described the deal as a strong endorsement of the company’s ambition to be a leading supplier of metals crucial to the energy transition, advanced infrastructure and technologies including AI and data centres. He expressed that QIA’s vision aligns with Ivanhoe’s long-term strategic investors.

Mohammed Saif Al-Sowaidi, CEO of QIA, said the investment reflects confidence not just in Ivanhoe’s asset portfolio but also in its capacity to sustainably discover, develop and supply critical minerals for global electrification and advanced technologies.

The transaction is subject to customary closing conditions including approval by the Toronto Stock Exchange. In addition, QIA and Ivanhoe will enter into an investor rights agreement which grants QIA the right to board representation and access to company information if its ownership surpasses 10 per cent, along with anti-dilution rights. Existing major shareholders, CITIC Metal Africa Investments and Zijin Mining Group, retain rights to acquire their pro rata shares at the same CAD 12 price to maintain their ownership levels.

Ivanhoe’s share price was affected by the deal: the CAD 12 issue price is below the closing price of CAD 13.19 prior to the announcement, representing a discount. The investment follows a climate in which sovereign funds and institutional investors are increasingly targeting critical minerals as part of global supply chains for the clean energy transition.

Lusaka remains locked in negotiations over whether the African Export-Import Bank and the Trade and Development Bank must take losses in Zambia’s debt restructuring, a matter posing a serious barrier to the country exiting default. Zambia struck a writedown agreement with its major private creditors last June after more than three years of negotiations, but failure to settle the issue with these regional lenders means the process […]

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