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XRP entered August trading near $1.06, with investors weighing strong institutional demand against fading expectations that US lawmakers will pass landmark cryptocurrency legislation before the congressional recess. The token remains about 71% below the record of roughly $3.66 reached in July 2025, when regulatory optimism and expectations of exchange-traded fund approvals drove a sharp market advance. Its subdued price has prompted debate over whether institutional accumulation is […]

Trump Media & Technology Group’s publicly tracked bitcoin holdings have fallen to almost the exact amount it previously disclosed as collateral for convertible notes, intensifying scrutiny over whether a $165 million transfer to Crypto. com was a custody adjustment or a disposal. Wallets linked to the Truth Social parent moved about 2,628 bitcoin to Crypto. com in two transactions during the weekend. The tokens were valued at […]

Arabian Post Staff -Dubai Abu Dhabi National Oil Company will change the benchmark used to determine official selling prices for all its crude grades from November 1, replacing Murban futures with prompt-month Platts Dubai pricing. The overhaul will cover Murban, Das, Umm Lulu and Upper Zakum crude. ADNOC will announce a premium or discount for each grade against Dubai quotes during the month before the cargo is […]

Arabian Post Staff -Dubai Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business, gaining its customer accounts, branches, cash machines and associated employees in a transaction expected to strengthen the Dubai-based lender’s position in one of the Arab world’s largest financial markets. The acquisition will be conducted through Emirates NBD Egypt, the banking group’s wholly owned subsidiary. Completion is targeted for the second half of […]

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 3 August 2026 – The HCM City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) on July 30 signed a US$721 million international syndicated social loan with the Asian Development Bank, Standard Chartered and other international financial institutions, marking the largest international syndicated social loan ever raised by a Vietnamese organisation.

Dr Nguyễn Thị Phương Thảo, Permanent Vice Chairwoman of HDBank's Board of Directors, speaks at the signing ceremony, noting that the US$721 million syndicated social loan opens up new resources to support sustainable development and financial inclusion in Việt Nam. — Photo courtesy of HDBank.
Dr Nguyễn Thị Phương Thảo, Permanent Vice Chairwoman of HDBank’s Board of Directors, speaks at the signing ceremony, noting that the US$721 million syndicated social loan opens up new resources to support sustainable development and financial inclusion in Việt Nam. — Photo courtesy of HDBank.

The transaction highlights strong confidence among global investors in HDBank and Vietnam’s long-term economic prospects.

The proceeds will be used to expand access to finance for micro, small and medium-sized enterprises, particularly women-owned businesses, supporting financial inclusion and sustainable development in Vietnam.

The facility was structured in line with the Social Loan Principles and HDBank’s Sustainable Finance Framework. ADB and Standard Chartered served as joint coordinators, while ANZ, Cathay United Bank, Commerzbank, Maybank Securities, MUFG Bank and the State Bank of India acted as mandated lead arrangers and bookrunners.

The transaction attracted strong interest from international investors, with commitments reaching US$721 million, around 60 per cent above the original target.

CEO of Standard Chartered Vietnam said the facility is the largest syndicated social loan ever raised by a Vietnamese organisation.

“This achievement reflects investors’ confidence in HDBank and its leadership team, and demonstrates optimism about Vietnam’s long-term growth prospects and the growing appeal of the country’s sustainable finance market among global investors,” the CEO said.

Speaking at the signing ceremony, Dr Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank’s Board of Directors, described the loan as a new milestone for the bank.

“It is our first financing facility dedicated exclusively to social initiatives, including programmes supporting women,” she said, adding that the transaction recognised HDBank’s long-standing commitment to community development through programmes supporting businesses, healthcare, education, culture, sports, women and children.

Tran Hoai Nam, HDBank’s Permanent Deputy CEO, said the proceeds would strengthen the bank’s medium- and long-term funding base while expanding lending to SMEs, particularly women-led businesses.

Earlier, HDBank had secured US$270 million in green financing and US$380 million in sustainable finance from international development finance institutions, including IFC, ADB, Proparco, DEG, LeapFrog, FMO, BII, JICA, FinDev and SMBC.

Hashtag: #HDBank

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

As the global watch industry slows and fraud risks in the secondary channel draw public attention, Times Avenue is among Singapore’s secondhand luxury watch specialists seeing sustained growth on the back of shifting buyer preferences and tightening consumer scrutiny

SINGAPORE – Media OutReach Newswire – 3 August 2026 – Times Avenue by Horology Maison marks its five-year anniversary in 2026, as Singapore’s pre-owned luxury watch market expands amid a broader slowdown in the global watch industry.

Licensed Watch Dealer Times Avenue Marks Five Years amid Singapore's Pre-Owned Watch Market Growth

A Growing Secondary Market and the Case for Regulated Dealers
The Bloomberg Subdial Watch Index, which tracks the 50 most-traded references by transaction value, recorded its best half-year performance since early 2022 in the first half of 2025, reflecting a broader shift in buyer preference towards the secondary channel.

The growth of the pre-owned segment has been driven by a combination of factors, including tighter supply of popular references at authorised dealers, record gold prices lifting new watch retail costs, and a shift among buyers towards immediate availability and market-reflective pricing.

Founded in 2020, Times Avenue has grown alongside this trend, transacting more than 3,000 authenticated timepieces from its Beach Road boutique over its first five years of operation. The boutique’s inventory is weighted towards luxury Swiss timepieces including Rolex, Patek Philippe, Audemars Piguet, Tudor and Cartier, with a focus on sought-after references that are typically subject to long waiting lists in the primary market.

At the same time, authentication and fraud risks in the secondary channel have drawn public attention, including the recent prosecution of an Italian national who attempted to trade a “fake” Rolex GMT Saru at a Singapore retailer. Both developments underline the importance of sourcing from licensed, regulated dealers.

Licensed secondhand goods dealers like Times Avenue operate under frameworks that impose customer due diligence, transaction reporting, record-keeping, and stock movement obligations. Exempted by the Singapore Police Force and a fully regulated dealer under the Ministry of Law, Times Avenue ensures that every watch sold undergoes rigorous in-house authentication before it reaches the client, and each piece is covered by an in-house warranty, giving buyers assurance of authenticity for every transaction.

Times Avenue also offers in-person buying from the public, trade-ins, consignment, and authentication, alongside retail, covering both the acquisition and resale ends of the secondary market.

Clients and prospective buyers can view current inventory, arrange private viewings, or request a sourcing consultation at https://horologymaison.com/contact-us/.
Hashtag: #TimesAvenue #PreOwnedWatches #LuxuryWatchesSingapore #WatchCollector #HorologyMaison




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

Times Avenue by Horology Maison

Times Avenue by Horology Maison is a Singapore-based luxury watch grey dealer established in 2021, offering authenticated new and pre-owned timepieces from , Patek Philippe, Audemars Piguet, Tudor, Cartier and other leading maisons. The company provides retail, buying, trade-in, consignment, sourcing and authentication services from its boutique at 371 Beach Road #02-55 City Gate, Singapore 199597. Times Avenue by Horology Maison is registered with the Ministry of Law as a Regulated Dealer (Registration No. PS20220002864) and holds SPF Exempted Second-Hand Goods Dealer status.

Arabian Post Staff -Dubai Abu Dhabi has raised the maximum gross floor area allowed for homes within the Shuwaib National Housing Project to 900 square metres, giving beneficiary families greater flexibility to build and expand properties around changing household needs. The Department of Municipalities and Transport and Abu Dhabi Housing Authority said the planning adjustment would enable families to create larger living spaces while complying with construction […]

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Arabian Post Staff -Dubai Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business, adding its customers, branches, cash machines and supporting employees to the Dubai-based group’s growing operations in one of the Middle East’s largest consumer markets. The transaction will be conducted through Emirates NBD Egypt, the banking group’s wholly owned local subsidiary. It remains subject to regulatory approvals and customary closing conditions and is […]

Arabian Post Staff -Dubai US President Donald Trump has suspended a planned military attack on Iran after Tehran and several Middle Eastern governments indicated that negotiations could produce a swift agreement to reopen the Strait of Hormuz. Trump said the operation had been cancelled on the condition that the parties rapidly finalise a deal addressing maritime access and Iran’s nuclear programme. He warned that US forces remained […]

FIFA president Gianni Infantino has abandoned a proposal to sell a stake in the World Cup’s commercial operations to private investors after opposition from football authorities threatened to fracture the global game. Infantino confirmed that the FIFA Forward Enterprise project “will not proceed”, acknowledging that it had created divisions that were no longer compatible with the governing body’s stated aim of uniting and developing football. The reversal […]

Arabian Post Staff -Dubai Lebanese authorities have arrested former central bank governor Riad Salameh at a hospital north of Beirut after he failed to appear for questioning in a widening investigation into the alleged misuse of Banque du Liban funds. Salameh was detained at Bhannes Hospital on Friday after investigators searched three addresses linked to him. An arrest warrant was issued when judicial officials concluded that he […]

A critical flaw in Coldcard hardware wallets has enabled the theft of at least 594 bitcoin from hundreds of users, intensifying scrutiny of devices promoted as one of the safest ways to store digital assets. The stolen cryptocurrency was valued at about $38 million when the coordinated transactions occurred on July 31. Claims circulating on social media that the loss has exceeded $88 million could not be […]

Russia has prohibited cryptocurrency mining across Moscow, the surrounding Moscow Region and parts of the Kursk Region until the end of 2032, widening restrictions designed to protect electricity networks from power-intensive digital currency operations. The measure will take effect on August 15, 2026, and remain in force until December 31, 2032. It covers both the mining of digital currencies and participation in cryptocurrency mining pools, closing a […]

The UAE Youth Kickboxing Championship has opened in Abu Dhabi with 607 male and female athletes competing in one of the country’s largest domestic events for emerging combat-sport talent. The championship began on Friday at Mubadala Dome at Al Jazira Club and will run until Sunday. Organised by the UAE Muay Thai and Kickboxing Federation, it brings together competitors from 51 clubs across the country. Athletes are […]

Firewall-as-a-Service is emerging as a practical security option for online businesses seeking to protect distributed users, cloud applications and branch networks without maintaining fleets of physical firewall appliances. Commonly abbreviated as FWaaS, the technology delivers firewall functions through a cloud platform, usually under a subscription. Internet and private-network traffic is routed through the provider’s infrastructure, where security policies are applied before approved connections reach users, applications or […]

The Democratic Republic of the Congo’s Ebola outbreak has become the second largest recorded worldwide, with confirmed infections surpassing the total from the country’s devastating 2018-2020 epidemic. Health ministry data issued on Friday showed 3,532 confirmed cases and 1,556 deaths. The outbreak has expanded rapidly across five eastern provinces since it was formally declared on May 15, placing immense pressure on an already fragile health system affected […]

The UK Games Fund has selected 29 independent studios for grants of up to £100,000, marking the largest funding cohort since the programme began in 2015. The companies will use the Prototype Fund awards to develop original intellectual property, test projects with players and strengthen their ability to attract publishers or private investment. The grants will primarily cover employment costs for UK-based staff and contractors involved in […]

Scientists have developed a specialised computing chip capable of completing complex neural-dynamics calculations within milliseconds, opening a potential route towards faster brain modelling, medical imaging and real-time artificial intelligence systems. The processor, created by a research team led by Peking University in collaboration with the Shanghai Institute of Microsystem and Information Technology under the Chinese Academy of Sciences, uses phase-change memristors to perform calculations at speeds comparable […]

The government has approved 543 Data and Artificial Intelligence Labs in industrial training institutes and polytechnics, alongside 58 AI Centres of Excellence, as it seeks to expand advanced technology skills and research capacity beyond the country’s largest urban centres.

The laboratories will be established across Tier-2 and Tier-3 cities under the IndiaAI FutureSkills programme. They are intended to provide practical training in artificial intelligence, data annotation, data curation and applied data science, giving students in technical institutions access to infrastructure and courses aligned with emerging employment needs.

The 58 Centres of Excellence will be developed across states and Union Territories through partnerships involving state administrations, academic institutions and industry. Their mandate is expected to include research, product development, startup support, workforce training and the application of AI to local economic and public-service challenges.

The expansion forms part of the ₹10,372 crore IndiaAI Mission approved in March 2024. The programme is structured around seven areas covering computing capacity, indigenous foundation models, application development, skills, datasets, startup financing and safe deployment of artificial intelligence.

Twenty-seven Data and AI Labs have already been established with the National Institute of Electronics and Information Technology in Tier-2 and Tier-3 locations. The additional 543 facilities will take the planned national network to 570 laboratories, extending the initiative through ITIs and polytechnics in all states and Union Territories.

Courses are being designed to offer both foundational instruction and sector-focused training. Planned subjects include data cleaning, Python-based annotation and curation, data science, generative AI awareness and the responsible use of automated tools. The laboratories are also expected to provide hands-on access to computing systems rather than relying solely on classroom theory.

The programme addresses a persistent concentration of technology education, research institutions and high-value digital employment in major cities. Students in smaller industrial and educational centres often face limited access to specialised trainers, computing infrastructure and industry networks, even as companies seek workers capable of handling data-intensive operations and AI-supported processes.

Industrial training institutes and polytechnics have been chosen because of their role in preparing students for technical occupations. Integrating AI modules into these institutions could connect traditional vocational education with changing requirements in manufacturing, logistics, healthcare, agriculture, retail, financial services and public administration.

The government is also developing standardised curricula for different levels of technical ability. The YUVA AI for All programme supports introductory literacy, while the Skilling for AI Readiness framework offers nationally aligned learning pathways for school students, educators, technical trainees and workers without formal computing backgrounds.

More than 120 AI-related courses are available through the Skill India Digital Hub, including 11 focused specifically on generative artificial intelligence. A 15-hour course titled AI to be Aware introduces learners to generative tools, practical applications, limitations and responsible usage under the National Skills Qualification Framework.

The laboratory rollout is being accompanied by a wider effort to strengthen research and deployment. The IndiaAI Mission has identified 762 potential AI use cases across 62 ministries, covering areas such as healthcare, agriculture, climate management, cybersecurity, financial regulation and government service delivery.

Eleven national hackathons and innovation challenges have been launched to move selected ideas from initial development towards pilot projects and wider implementation. The government has also approved applications for AI solutions designed around domestic languages, datasets and operational conditions.

The common computing programme has onboarded more than 38,000 graphics processing units, which are being offered to startups, researchers and academic institutions at subsidised rates. Access to such computing power is essential for training and testing large models, but costs remain a barrier for smaller companies and institutions.

Twelve organisations and consortia have been selected to develop large and small language models using domestic datasets. Participants include startups, technology companies and academic groups working on multilingual, multimodal and sector-specific systems. The resulting models are expected to support government applications and become available to the broader research and startup ecosystem.

Talent development under the mission includes support for more than 8,000 undergraduate students, 5,000 postgraduate students and 500 doctoral researchers. The laboratory network is designed to widen the entry point further by reaching students enrolled in vocational and diploma-level programmes.

Implementation will depend on the availability of qualified instructors, reliable connectivity, maintained hardware and sustained coordination between institutions and industry. Training outcomes will also need to be measured against employment, certification and practical competence rather than the number of laboratories formally approved.

Renowned mountaineer Nirmal Purja has died after an avalanche struck his expedition on Broad Peak in northern Pakistan, his climbing company confirmed on Saturday. Elite Exped, which Purja co-founded, said the Nepal-born climber, widely known as Nimsdai, lost his life after the avalanche swept through the group on Thursday. The company also confirmed that other members of the international expedition had not survived. Purja was leading a […]

Meta’s push to build artificial intelligence agents that understand users, remember personal context and complete everyday tasks is set to face an extensive European regulatory test as key provisions of the EU Artificial Intelligence Act become applicable. The company is developing increasingly autonomous versions of Meta AI capable of planning activities, shopping, finding information and acting across Facebook, Instagram, WhatsApp, Messenger and Threads. Meta describes the project […]

A Chinese-speaking hacker used DeepSeek artificial intelligence to autonomously identify vulnerable systems, obtain publicly available exploit code and launch attacks against hundreds of internet-facing targets, exposing how generative AI is moving closer to independently conducting offensive cyber operations. The campaign involved more than 460 targets and combined AI-directed activity with conventional manual hacking. The operator, who used the online aliases “knaithe” and “KnYuan”, controlled an open-source framework […]

Binance founder Changpeng Zhao has urged cryptocurrency holders to divide their assets among several wallets after attackers stole more than $70 million in bitcoin by exploiting weak recovery phrases generated by Coldcard hardware devices. Zhao, widely known as CZ, said even hardware wallets with long operating histories could contain software flaws. His warning marked a shift from the traditional advice to diversify cryptocurrency holdings, extending the principle […]

The European Union has invited bids to build as many as seven artificial intelligence gigafactories, launching a public-private investment drive worth more than €30 billion to expand Europe’s computing capacity and reduce its dependence on foreign technology providers. The facilities will combine more than 100,000 advanced AI processors with specialised software, secure cloud systems, high-speed networks, large-scale storage and energy-efficient data centres. They are designed to support […]

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