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Arabian Post Staff -Dubai Saudi Arabia has emerged among the world’s 10 leading destinations for private artificial intelligence investment, strengthening its position in a global race to secure capital, computing capacity and specialised talent. The World Development Report 2026, The Promise of Artificial Intelligence, places the Kingdom among a relatively small group of economies attracting substantial private investment into AI. The assessment comes as Riyadh directs more […]

Experts say a self-contained, service-led residential format built for multigenerational ownership is emerging at the very top of the market — and that demand for it is rising worldwide.

SINGAPORE – Media OutReach Newswire – 13 August 2026 – Experts in premium residential real estate note that a distinct new category is forming at the top of the market, and that demand for it is rising around the world. Property market specialists describe the emerging tier as the presidence: a self-contained community of private residences bound together by shared infrastructure and anchored by a five-star hotel under an international brand — a format designed to be lived in and passed down across generations, rather than simply owned.

The trend reflects a structural shift in global wealth. According to Knight Frank’s Wealth Report 2026, the number of individuals worth more than US$30 million climbed from 551,435 to 713,626 between 2021 and 2026 — a gain of more than 160,000, equivalent to 89 people crossing that threshold every day. Forbes, meanwhile, records 3,428 billionaires worth a combined US$20.1 trillion.

This wealth is also increasingly mobile. Henley & Partners projects that 165,000 high-net-worth individuals will relocate internationally in 2026 — a 16 per cent rise on the record 142,000 of 2025 — as affluent families build cross-border portfolios of homes and residence rights rather than tying themselves to a single jurisdiction. The appetite for professionally serviced, brand-anchored homes is visible in the development pipeline: Savills reports that the number of branded residential schemes worldwide grew 19 per cent in 2025, to around 910, and is on course to reach 1,747 by 2032, with the Middle East and North Africa the fastest-growing region over the past five years, at 187 per cent.

As the apex of the wealth pyramid rises, specialists say, demand at the very top is moving away from headline price-per-square-foot toward space, privacy, wellbeing, autonomy and a home that can be held and handed down across generations. The case for treating this as a distinct category was set out in a recent column by real estate adviser Ku Swee Yong, CEO of International Property Advisor Pte Ltd and an adjunct faculty member at Singapore Management University, where he teaches Real Estate Investments & Finance.”Luxury residence has a new crown, and it has a name: presidence,” he writes.

According to the expert, a property of this kind should meet several defining criteria: it should occupy an exceptional location among peer residences, be built to the highest standards of quality, provide space, a healthy natural environment, security and self-sufficiency, and create a place where owners and their families can live out every stage of life — building careers, raising children, enjoying leisure, prioritising health and wellbeing, welcoming family and friends, and ultimately passing the home down through generations. Privacy in this case does not mean isolation: rather than retreating behind their own gates, members of the presidence become part of a carefully formed community of peers, surrounded by people with comparable values, interests and ways of life.

These principles are, in practice, being formalised into a fuller set of criteria that distinguish a presidence from a conventional luxury development. At its most complete, the format is defined by:

  • A five-star hotel operated by an international brand present in at least three countries, located within the development;
  • A single estate of 200 hectares (around 500 acres) or more;
  • Full-spectrum infrastructure within one perimeter — indoor and outdoor sport, a central clubhouse, wellness, dining, parks and natural areas, a medical centre, recreation and security, plus a lifestyle anchor such as a golf, equestrian or yacht club;
  • A clear separation of public and private zones, with residences kept behind their own multi-layered security perimeter and isolated from guest-facing spaces such as the hotel, restaurants and spa;
  • A 24/7 premium service model featuring a dedicated resident care team, concierge services, standardised service-level agreements (SLAs), and a digital platform for managing every household and lifestyle need;
  • A unified architectural code governing the style and coherence of every building on the estate;
  • An equal-neighbour principle, under which a community of like-minded owners who can enjoy privacy while remaining part of an engaging social environment is formed.

Fully integrated examples remain rare worldwide, and demand, specialists say, is running ahead of supply as the number of ultra-wealthy households continues to grow.

Hashtag: #property #realestate #residentialproperty #hnwi

The issuer is solely responsible for the content of this announcement.

Prosvet Communication Studio

Prosvet Communication Studio is a full-cycle communication studio working across PR and communications strategy, media relations and influence, personal branding, digital PR, events and production.

Cloudflare recorded a sharp escalation in high-bandwidth distributed denial-of-service attacks during the second quarter of 2026, mitigating 805 network-layer attacks that exceeded 1 terabit per second as attackers increasingly deployed overwhelming bursts of traffic against online infrastructure. The figure was more than six times the 130 terabit-scale attacks recorded during the first quarter. It brought the total number of attacks exceeding 1 Tbps during the first half […]

Swedish artificial intelligence start-up Lovable has raised $400 million at a $13.3 billion valuation, doubling its worth in less than a year as demand grows for tools that let employees build software using natural-language instructions. The Series C financing was led by Menlo Ventures and the Scaleup Europe Fund, with participation from investors including Balderton Capital, Carmignac, Tencent, World Innovation Lab and Regent. The transaction lifts Lovable’s […]

XRP trading on Binance has entered a markedly calmer phase, with its 30-day realised volatility falling to about 0.34, the lowest level in roughly three months, as traders assess whether reduced price swings could set the stage for a larger market move. The decline represents a sharp reversal from June, when the same volatility measure climbed to about 0.53 amid heavier trading activity and wider price fluctuations. […]

Arabian Post Staff -Dubai Bangladesh Railway has received the first rake of 19 customised Linke Hofmann Busch broad-gauge passenger coaches manufactured at the Rail Coach Factory in Kapurthala, advancing a 200-coach procurement programme aimed at modernising its passenger fleet. The rake rolled out on August 12 with three air-conditioned sleeper coaches, three air-conditioned chair cars, 11 non-air-conditioned chair cars and two power cars. The coaches have been […]

Iran has reshaped its military leadership around battle-tested hardliners and ordered stronger offensive capabilities as negotiations with the United States remain deadlocked, signalling that Tehran is preparing for a prolonged confrontation rather than an early settlement to the Gulf war. Supreme Leader Ayatollah Mojtaba Khamenei has appointed six senior commanders across the Armed Forces General Staff, Islamic Revolutionary Guard Corps and Basij, placing veterans with extensive operational, […]

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Google has unveiled its Pixel 11 smartphone range with higher starting prices, a new Tensor G6 processor and deeper Gemini integration, placing artificial intelligence at the centre of its latest challenge to Apple and Samsung. The Pixel 11 starts at $899, while the Pixel 11 Pro is priced from $1,099 and the larger Pixel 11 Pro XL from $1,299. All three models are available for pre-order and […]

North Korea-linked hackers exploited a previously unknown Windows vulnerability to gain the highest level of system privileges while targeting defence, aerospace and aviation organisations across several countries. The flaw, tracked as CVE-2026-68820, affects the Windows Ancillary Function Driver for WinSock, known as AFD. sys. Microsoft patched the vulnerability on August 11 after it was found being actively exploited as part of the long-running Operation Dream Job cyber-espionage […]

SpaceXAI has released Grok 4.6, pushing its flagship artificial intelligence model into the top tier of independent performance rankings and intensifying competition with OpenAI and Anthropic on advanced reasoning, coding and autonomous agent tasks. The model, released on 12 August, scored 61 on the Artificial Analysis Intelligence Index, matching OpenAI’s GPT-5.6 Sol at its highest tested setting. Grok 4.6 improved by five points over Grok 4.5, which […]

Arabian Post Staff -Dubai OpenAI has launched Inference Residency in the UAE, allowing eligible organisations to run artificial intelligence model inference on graphics processing units located within the country while using its enterprise and developer services. The move strengthens local control over sensitive AI workloads as government bodies and regulated industries expand their use of generative AI. The service is available to eligible customers using OpenAI’s API, […]

President Donald Trump’s administration is preparing White House construction and modernisation projects costing at least $927 million, with much of the expenditure expected to be financed with public money transferred through federal accounts. The planned spending represents a substantial expansion of work across the presidential complex, encompassing the East Wing redevelopment, security infrastructure, a visitor screening centre, improvements around Lafayette Square and a new helipad. More than […]

Cognition AI has opened preliminary discussions with investors over a fresh capital raise that could value the fast-growing artificial intelligence coding company at at least $40 billion, marking another sharp escalation in investor expectations for autonomous software development tools. The talks remain at an early stage and the size, valuation and investor line-up could change before any transaction is completed. A $40 billion valuation would nevertheless represent […]

Arabian Post Staff -Dubai Space42 and Leonardo DRS have agreed to combine secure satellite communications with advanced military mission systems, opening a new avenue for sovereign defence capabilities and resilient command networks across the UAE. The memorandum of understanding creates a framework for integrating Leonardo DRS’s command, control and intelligence technologies with Space42’s satellite infrastructure and AI-enabled communications. The companies plan to explore jointly designed capabilities supporting […]

SINGAPORE – Media OutReach Newswire – 12 August 2026 – Allianz Insurance Singapore Pte. Ltd. (“Allianz”) has renamed its personal cyber insurance product from Allianz Cyber360 Protect to Allianz Scam Protect, ensuring the product’s name immediately communicates what it does: protect Singaporeans financially when they fall victim to scams.

Earlier this year, Singaporean drivers crossing into Malaysia began receiving SMSes that appeared to come from a government transport agency, claiming they had outstanding road charges to settle. Those who clicked the link and entered their payment details had their banking credentials stolen — at least 10 victims lost a combined S$24,000. Around the same time, a separate wave of phishing messages impersonating a well-known delivery service tricked victims into making payments for fake parcel notifications, resulting in another S$22,000 in losses.

These are the kinds of everyday scams — a convincing text message, a familiar brand name, a moment of inattention — that Allianz Scam Protect is designed to cover. In the first three months of 2026 alone, more than 7,800 scam cases were reported in Singapore with losses exceeding S$144.4 million. Singapore has now lost more than S$4 billion to scams since 2019.

The name change reflects how Singaporeans actually talk about these incidents. When someone loses money after clicking a phishing link in an SMS, they don’t think of it as a “cyber incident” — they call it what it is: a scam. By renaming the product, Allianz ensures that every Singaporean searching for protection against scams can find it immediately. The coverage hasn’t changed — but the name now speaks the same language as the people it protects.

Allianz Scam Protect covers financial losses from phishing, smishing, stolen payment credentials, and unauthorised transactions (up to S$25,000 for Gold; up to S$60,000 for Platinum), as well as online shopping disputes involving undelivered, damaged, or incorrect items. Existing policyholders will see the updated name at their next renewal — no action is required.

Allianz Scam Protect is available from S$8.91 per month at www.allianz.sg and through Allianz’s network of authorised distribution partners. For enquiries, customers may contact the Allianz Customer Service Team at +65 6222 1919 (Monday to Friday, 9am–5pm, excluding public holidays).

Coverage is subject to the terms, conditions, and exclusions of the Allianz Scam Protect policy. Please refer to the Policy Wording for full details. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). This advertisement has not been reviewed by the Monetary Authority of Singapore.

Hashtag: #AllianzInsuranceSingapore




The issuer is solely responsible for the content of this announcement.

About Allianz Insurance Singapore Pte. Ltd.

At Allianz Insurance Singapore, we aim to secure the future and create a positive impact on society and the environment by leveraging our expertise in risk management. As we work toward strengthening our position as one of Singapore’s leading risk solutions providers, we deliver innovative and customer‑focused protection solutions for individuals, SMEs, and mid‑corporate clients – spanning Motor, Home Content, Travel, Personal Accident, Cancer, Hospital Income, and a comprehensive suite of commercial insurance offerings.

By K Raveendran Another session of Parliament has closed with an uncomfortable sense of déjà vu. Repeated adjournments, slogan-shouting, demonstrations inside and outside the chambers and legislation moving through amid uproar have again raised the question of whether Parliament is performing the function for which representative democracy created it. The problem is no longer simply […]

The article Parliament Is Losing The Argument To The Smartphone appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Google has opened Google Earth’s flight simulator to users worldwide through the web, bringing a feature that spent almost two decades largely confined to its desktop application directly into the browser. The experimental tool allows people to fly across Google Earth’s satellite imagery and three-dimensional terrain without installing separate software. The simulator is available from the Tools menu after users launch the web version of Google Earth […]

Nintendo will begin officially selling the Nintendo Switch 2 and original Switch in Indonesia in December, giving the Japanese games company its first direct hardware presence in Southeast Asia’s largest economy while leaving a significant gap in its digital offering.

The December 2026 launch was announced by Nintendo executive officer Juro Takeuchi at a business conference in Jakarta. Distribution will be handled by PT Nusantara Interactive Niaga, part of the Salim Group, with Nintendo’s Singapore operation involved in the market rollout. Prices and a precise sales date have yet to be disclosed.

Nintendo’s move formalises a market that has for years relied heavily on imported consoles and third-party retailers. Switch systems and games have long been available in Indonesia through unofficial distribution channels, but an authorised presence should improve access to locally supported products, warranties and retail partnerships.

The expansion arrives more than a year after Nintendo launched the Switch 2 in its major markets. The successor to the original Switch has become a substantial part of the company’s hardware business, with cumulative shipments reaching 23.68 million units by the end of June. Nintendo shipped another 3.82 million Switch 2 consoles during the April-June quarter, while lifetime shipments of the original Switch exceeded 156 million units.

Indonesia offers Nintendo considerable scale. Estimates of the country’s gaming population vary considerably depending on methodology, platform and definition of an active player. Government-linked figures have previously placed the number above 174 million, while officials this year have cited more than 200 million active gamers. The market is valued at roughly $2 billion annually, although mobile gaming accounts for a large proportion of participation.

That mobile-heavy profile makes Nintendo’s challenge different from simply putting consoles into more shops. Smartphone games have built enormous audiences through free-to-play models, localised payment systems and low barriers to entry. Nintendo must persuade consumers to spend substantially more on dedicated hardware and premium software, while competing for attention with mobile titles, personal computers and rival console ecosystems.

One potential obstacle is the absence of a dedicated Indonesian Nintendo eShop when the hardware goes on sale. Buyers seeking digital games will not initially receive a local storefront alongside the official console launch. Players have commonly used Nintendo Accounts registered in supported territories to gain access to digital purchases, but that workaround is less convenient than a domestic store with local pricing and payment options. Nintendo has not given a timetable for introducing an Indonesian eShop.

The omission is commercially significant because digital distribution has become central to Nintendo’s software business. Digital sales reached 132.7 billion yen in the quarter ended June, up 90% from a year earlier, and represented 61.5% of dedicated video-game platform software revenue. That category includes downloadable packaged titles, download-only software, add-on content and Nintendo Switch Online.

Nintendo nevertheless has an advantage in Indonesia through established brand recognition. Franchises including Mario, Pokémon, The Legend of Zelda and Animal Crossing have maintained large followings even without a formal local hardware operation. Official distribution could also make it easier for major retailers to carry consoles, accessories and physical games with more predictable supplies and after-sales arrangements.

The timing gives Nintendo a new market as Switch 2 enters its second full year. The company is supporting the platform with a widening catalogue of first-party and third-party games while maintaining compatibility with much of the original Switch software library. Nintendo has said regular software releases are important to expanding the installed base, particularly as consumers decide whether to move from the original system.

Indonesia could also provide a test for Nintendo’s broader Southeast Asian strategy. The company already operates official services in markets including Singapore and Malaysia, but the region remains fragmented by differences in income, digital payments, retail infrastructure and consumer preferences. Indonesia’s size makes it attractive, while its dependence on mobile gaming and sensitivity to hardware pricing create a more demanding commercial environment.

Snowflake and Anthropic are expanding the use of AI agents across corporate workflows as businesses shift from experimental generative AI projects towards systems capable of analysing governed data and carrying out multi-step tasks inside production environments. The collaboration is increasingly centred on Snowflake Cortex Agents, which combine Anthropic’s Claude models with Snowflake’s enterprise data, governance and security infrastructure. The approach allows organisations to build agents that retrieve […]

Businesses across the UAE that use music commercially will face a new licensing regime from December 2026, bringing restaurants, hotels, shopping centres, gyms, airlines and broadcasters within a standardised system for paying music copyright and related-rights fees. The Collective Management in Music Guide establishes a framework for licensing the public and commercial use of protected music. It will apply to restaurants, cafés, hotels, floating hotels, shopping malls, […]

Dubai-based cryptocurrency exchange Bybit has filed a civil lawsuit against North Korea and the Lazarus Group over the $1.5 billion cyberattack that emptied one of its wallets in February 2025, escalating its effort to recover assets from the largest cryptocurrency theft on record. The exchange has also secured a preliminary injunction from the US District Court for the District of Columbia that freezes identified digital assets linked […]

Rackspace Technology posted modest second-quarter revenue growth as stronger private cloud sales offset weakness in its larger public cloud business, while higher costs and investment in artificial intelligence pushed the company deeper into the red. The San Antonio-based cloud and technology services group generated revenue of $670.1 million for the three months ended June 30, up 0.6% from $666.3 million a year earlier. Private Cloud revenue climbed […]

Arabian Post Staff -Dubai Shipping through the Strait of Hormuz remains severely constrained as faltering diplomatic efforts between the United States and Iran deepen uncertainty over one of the world’s most important energy corridors. Only eight vessels were tracked transiting the strait on Tuesday, compared with a 10-day average of about 12. Seven entered through Iranian waters and only one, a coal carrier, exited. The figures followed […]

Arabian Post Staff -Dubai Moody’s Ratings has placed Binghatti Holding Ltd’s Ba3 rating on review for downgrade, signalling rising concern over the Dubai developer’s liquidity and its ability to generate sufficient cash as major debt obligations approach. The action covers Binghatti’s Ba3 corporate family rating and Ba3-PD probability of default rating. The company previously carried a stable outlook. The review reflects a sharp deterioration in unrestricted liquidity […]

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