Arabian Post Staff -Dubai UAE officials used the World Bank Group and IMF Spring Meetings in Washington to press a broader case for stronger multilateral coordination, flexible fiscal policy and wider financial partnerships, as the gatherings unfolded against a darker global backdrop of slower growth, energy-market strain and rising uncertainty. The delegation, led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said the […]
Iranian authorities have arrested four people, including two foreign nationals, over the alleged import of SpaceX Starlink terminals, sharpening a crackdown on one of the few remaining channels for uncensored internet access inside the country. Iranian state-linked reporting, carried by Reuters on Sunday, said the arrests were made in the north-west and linked by officials to an alleged espionage network tied to the United States and Israel. […]
Fresh financing for an experimental therapy targeting brain injury in newborns has sharpened attention on one of neonatal medicine’s hardest gaps: the absence of any approved drug for hypoxic-ischaemic encephalopathy, or HIE. The trigger this month was ReAlta Life Sciences’ $40 million financing round to push pegtarazimod through its mid-stage STAR trial in babies with moderate or severe HIE, alongside the standard cooling treatment that remains the […]
The deal did not arrive in isolation. It came only weeks after KKR invested $95 million, taking the wider financing linked to that phase of fundraising to about $315 million. Lenskart said the fresh capital would support expansion of its online business and physical store network, reinforcing its strategy of building an omni-channel model rather than relying solely on digital sales. That approach helped distinguish it from many internet-first companies that were still testing how to translate app traffic into durable consumer brands.
Founded in 2010, Lenskart entered physical retail in 2013 and built its business around prescription eyeglasses, contact lenses and sunglasses, using technology tools such as virtual try-on features and a tightly managed supply chain to bring down delivery times and widen consumer choice. The 2021 fundraising gave investors another signal that eye care and vision products could support a scaled consumer business in a market where organised retail had long remained fragmented. It also underlined growing confidence that health-linked discretionary categories could attract repeat spending even outside the big metropolitan centres.
At the time, the broader market backdrop was unusually supportive. India’s start-up sector went through a record funding cycle in 2021, with Reuters later reporting that start-ups in the country raised about $35 billion that year before the market turned more difficult in 2022. Lenskart’s round therefore became part of a larger story: global investors were competing for exposure to domestic consumption, digital adoption and a new generation of companies that blended software, logistics and offline distribution. That enthusiasm also produced a wave of unicorns, richer private valuations and a heavier pipeline for later public listings.
What makes the Lenskart story more durable than a single boom-year headline is what followed. The company continued to attract capital after the 2021 round, raising another $200 million in 2024 from Temasek and Fidelity in a deal that valued it at about $5 billion, according to reports. That step-up suggested investors still saw room for growth despite the post-2021 funding reset that hit many privately held technology firms. It also showed that consumer-facing businesses with large store networks, repeat demand and clearer revenue visibility were being treated differently from cash-burning platforms built around discount-led expansion.
By 2025, Lenskart had moved into the next phase of that journey, filing for an initial public offering and seeking a valuation of nearly $8 billion at the top end of its price band. Reuters reported that the company had 2,067 stores across the country and another 656 overseas, reflecting a business that had grown well beyond its original online-only identity. That proposed public market debut placed Lenskart among a wider group of venture-backed companies testing whether private-market optimism could translate into sustained investor demand on the stock exchange.
Operationally, the business has also shown signs of maturing. Reuters reported in November 2025 that Lenskart had turned profitable in financial year 2025 and posted a 23% rise in revenue to 66.53 billion rupees. Another Reuters report in February 2026 said about 80% of its revenue came from prescription eyeglasses, while international revenue from Southeast Asia, Japan and the Middle East was rising strongly. Those figures matter because they suggest the company’s scale is now being supported not only by funding rounds and valuation jumps, but by a more established earnings and expansion profile.
Greenlogue/AP Dahbashi Engineering has moved its headquarters in Dubai Industrial City onto on-grid solar power, marking a sustainability push by a company better known in the Gulf for heavy machinery spare parts, service operations and industrial battery solutions. The company said the installation is expected to meet about half of the site’s annual electricity demand and cut operating costs by roughly 30 per cent under Dubai’s Shams […]
Iran has tightened its grip on the Strait of Hormuz, warning that vessels seeking passage will face military control after Tehran linked the waterway’s closure to a United States blockade of its ports, a move that has sharply escalated a confrontation already straining global energy markets and regional diplomacy. Reports of gunfire at commercial ships, including two India-flagged vessels, have turned a political standoff into a direct […]
StarLink opened its 2026 roadshow in Riyadh on 19 April, pitching a vision of cyber defence in which autonomous systems are used not only to detect threats but to counter AI-enabled attacks at machine speed, as companies across the Middle East weigh how far they can trust software agents with critical security decisions. The event series, branded “The Silent War of AI vs AI”, is scheduled to […]
Arabian Post Staff -Dubai The Integrated Transport Centre, an affiliate of Abu Dhabi’s Department of Municipalities and Transport, has held its annual ceremony to honour strategic partners, using the event to spotlight the role of public-private collaboration in shaping the emirate’s transport ambitions. The gathering in Abu Dhabi came as the transport authority continues to widen its work with technology firms, mobility operators and infrastructure partners […]
Polygon has launched a native liquid staking token called sPOL, a move designed to free up roughly $330 million worth of staked POL for use across decentralised finance, while drawing fresh market attention to whether the network can convert technical upgrades into stronger token demand. The launch gives users who stake POL on Polygon’s proof-of-stake network a liquid token in return, allowing them to keep earning staking […]
Jagex is preparing to take RuneScape: Dragonwilds into the Asia-Pacific market later this summer, extending the survival-crafting spin-off beyond its existing footprint and giving the long-running franchise a new test of international reach as it marks its 25th year. The Cambridge-based developer said the game will launch in Simplified Chinese, Japanese and Korean, a move it described as the most significant international expansion in its history. Dragonwilds […]
Greenlogue/AP Warblers are returning north across North America into a spring season that is becoming harder to read and more dangerous to survive, as warming temperatures alter the timing of leaf-out, insect peaks and stopover conditions along routes these small songbirds have followed for generations. New reporting and scientific studies indicate that many migratory birds are no longer keeping pace with the changing onset of spring, raising […]
Etihad Airways has set out one of its biggest Africa pushes in years, unveiling six new destinations across the continent as Abu Dhabi’s flag carrier deepens its reach into markets it says are being shaped by trade growth, cargo demand and rising cross-border mobility. The expansion adds services to Accra, Asmara, Kinshasa, Lagos, Harare and Lubumbashi, with the first of the new routes due to begin in […]
More than half of Israelis do not want Benjamin Netanyahu to continue as prime minister, according to a Channel 12 poll that has added fresh weight to a long-running pattern in domestic surveys showing a battered leader still in office but struggling to rebuild broad public confidence ahead of a national election due by October. The finding, circulated widely in Israeli media, lands at a moment when […]
The talks reflected a clear attempt by both governments to give sharper economic content to a relationship that has long been friendly but comparatively understated when measured against each country’s larger Asian and Gulf partnerships. Official statements from Muscat said the two sides reviewed bilateral relations and discussed the growing pace of cooperation in trade and investment, while also exploring tourism and opportunities in diplomatic training. That mix of subjects points to a partnership being built not only around commerce, but also around government-to-government capacity building and softer channels of engagement.
A parallel audience with Sultan Haitham added political weight to the visit. During that meeting, the Thai side expressed appreciation for Oman’s humanitarian cooperation in evacuating the crew of a Thai vessel in the Strait of Hormuz, a detail that underscored how bilateral ties have also been shaped by practical crisis support in a strategically sensitive waterway. Beyond symbolism, such exchanges matter because they build trust at a time when Gulf-Asia relations are being redrawn by energy security concerns, shifting supply chains and the search for new tourism and logistics corridors.
For Oman, the push fits neatly with Vision 2040, the state’s long-term strategy to diversify beyond hydrocarbons by expanding tourism, logistics, manufacturing and foreign investment. For Thailand, the outreach aligns with a wider diplomatic and commercial effort to strengthen links with Gulf economies that can offer energy cooperation, investment capital and access to markets stretching across the Arabian Peninsula and East Africa. The Muscat discussions suggest both sides see room to connect these ambitions in practical sectors rather than leaving the relationship at the level of protocol.
Business engagement has already been gaining momentum. In August 2025, Omani and Thai business leaders held bilateral meetings focused on food security, healthcare, perfumes and cosmetics, showing that commercial interest has been widening beyond headline sectors. Another official report from Oman highlighted agriculture, health and beauty, textiles, food processing and jewellery as promising areas for deeper cooperation. That matters because it shows the latest ministerial meeting did not emerge in isolation; it builds on groundwork already laid by chambers, officials and private-sector representatives looking for sector-specific deals.
Tourism stands out as one of the most immediate areas for expansion. Oman’s diplomatic mission in Thailand lists tourism, education and culture among its key priorities, while the latest ministerial readout in Muscat specifically identified tourism as an area of joint interest. Thailand remains one of Asia’s strongest leisure brands, while Oman has been working to market itself as a premium destination blending heritage, coastline and mountain landscapes with higher-end hospitality. Better institutional coordination, easier travel processes and stronger airline and tour partnerships could all flow from this kind of diplomatic push, particularly as both countries try to capture more affluent long-haul travellers.
The inclusion of diplomatic training in the talks may appear secondary, yet it offers an important clue about how the relationship could evolve. Training cooperation typically creates durable bureaucratic links, shared expertise and more frequent official contact, all of which help sustain commercial and political initiatives over time. In a period marked by regional volatility and growing competition for investment, countries are placing greater value on institutional familiarity and faster communication between ministries, embassies and trade-promotion bodies.
A sweeping international law-enforcement campaign has disrupted one of the cybercrime market’s most accessible attack models, with authorities saying Operation PowerOFF warned more than 75,000 suspected users of distributed denial-of-service-for-hire services, took down 53 domains, issued 25 search warrants and made four arrests during a coordinated action week on 13 April. The effort, backed by Europol and involving agencies from 21 countries, targeted both the operators and […]
Arabian Post Staff -Dubai Abu Dhabi has moved to expand lower-cost rental housing through a new partnership between the Department of Municipalities and Transport and Aldar, with the two sides planning about 9,000 value housing units across Mohamed Bin Zayed City and Baniyas in a scheme aimed at easing pressure on tenants and broadening access to professionally managed homes. The projects, announced on 17 April, sit within […]
Netflix is set to roll out a redesigned mobile app by the end of April, adding a vertical video discovery feed that mirrors the swipe-driven format popularised by short-form platforms as the streaming group pushes to make browsing faster and more intuitive on phones. The company disclosed the change in its April 16 shareholder letter, saying the updated mobile experience follows a period of testing and is […]
Google has extended its Personal Intelligence system to the Gemini app’s built-in image generation tools, allowing users to create tailored visuals shaped by data from their own Google services, including Google Photos, rather than relying only on long text prompts or manual uploads. The update ties a more personal layer of context to Nano Banana 2, Google’s latest image model, as the company pushes harder to make […]
Arabian Post Staff -Dubai Emirates and Wesgro have signed a memorandum of understanding aimed at increasing inbound travel to Cape Town and the Western Cape, giving the province a fresh marketing and air-connectivity push at a time when South Africa’s visitor numbers have climbed above pre-pandemic levels. The agreement was formalised on 16 April on the sidelines of World Travel Market Africa in Cape Town and was […]
Alarm over the Strait of Hormuz is spilling far beyond the Gulf, sharpening attention on the Malacca Strait near Singapore as traders, shipowners and Asian governments weigh what a prolonged disruption in West Asian energy flows could mean for the region’s busiest maritime corridor. The immediate military confrontation is centred on Hormuz, where Iran has tightened restrictions and the United States has imposed a blockade on Iranian […]
Nissan’s vehicle sales across the Middle East fell sharply in March as the war centred on Iran hit consumer demand, disrupted travel and darkened business sentiment across one of the carmaker’s stronger overseas markets. A report published on April 15 said Nissan’s sales in the region dropped to about half of pre-war levels, while overall regional sales were down 40 per cent for the month, according to […]
A court in Saratov has fined a local news agency and one of its executives after the outlet published a review of the television series Heated Rivalry, in a case that underlines how far Russia’s campaign against LGBTQ+ expression now extends into ordinary cultural coverage. The Oktyabrsky District Court in Saratov imposed a 500,000-rouble penalty on SaratovBusinessConsulting, widely known as SarBC, over an article that discussed why […]
Anthropic has rolled out Claude Opus 4.7, an upgraded version of its top broadly available artificial intelligence model, pitching it as a stronger tool for advanced software engineering just days after keeping its more powerful Mythos Preview behind tight access controls because of cyber-risk concerns. The move gives developers a more capable coding model while signalling that Anthropic is trying to balance commercial momentum with a more […]
Arabian Post Staff -Dubai Dubai has moved to widen the role of small and medium-sized enterprises in its property market after Dubai SME and Dubai Land Department signed a memorandum of understanding aimed at giving entrepreneurs greater access to owners’ associations and real-estate operations, as the emirate pushes ahead with a broader strategy to deepen private-sector participation in one of its strongest growth industries. The agreement, announced […]
