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US disables three Iranian tankers after missile attacks

Arabian Post Staff -Dubai US forces struck three Iranian crude oil tankers after the Islamic Revolutionary Guard Corps fired ballistic missiles towards two US Navy warships, sharply escalating the confrontation around the Strait of Hormuz. US Central Command said on Saturday that an American aircraft carrier and a guided-missile destroyer evaded multiple Iranian attacks while patrolling regional waters and that no US personnel were hurt. The command […]

Global Bitcoin ownership estimated at 5%, India ranks first

Bitcoin ownership is estimated at about 5% of the world’s population, with India accounting for the largest number of holders, according to figures published by on-chain analyst Willy Woo. Woo’s country-level table, posted on September 1, places worldwide adoption in a range of 4.5% to 6%, equivalent to roughly 370 million to 500 million people. India is estimated to have about 68 million Bitcoin holders, representing 4.6% […]

Vance rejects war label for Iran conflict

Arabian Post Staff -Dubai Vice President JD Vance has rejected describing the United States’ confrontation with Iran as a war, arguing that major combat operations ended weeks ago despite a sharp renewal of strikes across the Gulf. “I wouldn’t call it a war,” Vance told reporters at a White House briefing on Thursday. “Right now, there is no active shooting.” He acknowledged that fighting had flared in […]

Bitcoin climbs to $81,000 as shorts unwind

Bitcoin jumped about 5% to around $81,000 on Thursday as a sharp rebound forced leveraged traders betting on lower cryptocurrency prices to close positions, accelerating gains across the digital-asset market. The move lifted the world’s largest cryptocurrency back towards the upper end of its August trading range after it had spent much of the day around $77,000-$78,000. Market data showed heavy short-side liquidations as Bitcoin pushed through […]

Chevron commits $7 billion to Venezuela oil growth

Chevron will invest more than $7 billion through its Venezuelan joint ventures over five years, aiming to more than double production to about 600,000 barrels a day as it enlarges its position in the country’s oil sector. The Houston-based company said agreements reached with Venezuela provide updated fiscal, commercial and legal terms intended to support long-term investment, project development and higher production. Chevron was also assigned additional […]

GCC workplace AI adoption reaches 93%

The GCC has emerged as one of the world’s leading markets for workplace artificial intelligence use, with 93 per cent of frontline employees using AI at least several times a week, Boston Consulting Group said. Adoption among managers and leaders across the region is even higher at 95 per cent, according to regional findings from BCG’s fourth annual AI at Work report, Strategy Matters More Than Tools, […]

Single-word dispute leaves G20 finance statement divided

A dispute over the term “non-market” lay at the centre of the breakdown between China and the United States at this week’s Group of 20 finance meeting, where Beijing withheld support for a consensus statement backed by the other members. The disagreement emerged during negotiations in Asheville, North Carolina, over language addressing global economic imbalances. People familiar with the talks said the sharpest argument focused on whether […]

LatAm gushers and possible Venezuela exit a nightmare for Opec

Matein Khalid It is ironic that Opec, born as the brainchild of a nationalist Venezuelan oil minister in 1960, could die in 2027 as a result of events in that country. US President Donald Trump’s seizure of leader Nicolás Maduro in a military raid on Caracas and ambition to control 65 billion barrels of a vassal state’s proven oil reserves are triggering a seismic geopolitical realignment with […]

What Shein’s $27bn IPO means for Mubadala

Matein Khalid Chinese fast-fashion giant Shein is set to list in Hong Kong on September 1 at a valuation of up to $27 billion. That is less than half the $64 billion valuation at which Abu Dhabi sovereign wealth fund Mubadala invested in 2023. It is a brutal comedown for a retailer once expected to be worth $100 billion. My knowledge of sartorial retailing is admittedly less than encyclopaedic. Yet I […]

Jordan downs eight missiles as Iran targets US bases

Arabian Post Staff -Dubai Jordanian air defences intercepted and destroyed eight missiles early Monday as Iran launched retaliatory attacks against US military facilities in Jordan following an American strike on Iranian forces near the Strait of Hormuz. The Jordan Armed Forces said the missiles had penetrated the kingdom’s airspace and were destroyed before they could threaten civilians or property. Its statement did not identify the missiles’ origin, […]

Harry Potter land takes shape at Warner Bros World

Abu Dhabi’s Warner Bros. World is moving ahead with its long-planned Harry Potter-themed land on Yas Island, with construction under way and new project details pointing to Hogwarts Castle, Diagon Alley and at least three rides and attractions. The development, announced by Miral and Warner Bros. Discovery in 2022 as the Middle East’s first Harry Potter-themed land, is being built as part of a substantial expansion of […]

DeepMind tests Gemini inside sealed evaluation system

Google DeepMind has completed what it describes as the world’s first double-blind evaluation of a proprietary frontier-class artificial intelligence model, testing Gemini 2.5 Flash-Lite while preventing both the developer and external evaluators from accessing each other’s confidential material. The pilot represents a significant attempt to address benchmark contamination, one of the most persistent weaknesses in measuring advanced AI systems. Under conventional testing arrangements, model developers may gain […]

Americana seals Taco Bell UAE comeback deal

Arabian Post Staff -Dubai Americana Restaurants International Plc has signed an exclusive development agreement to bring Taco Bell back to the UAE, opening the way for a phased expansion of the Mexican-inspired quick-service restaurant brand into additional GCC markets. The UAE will be the first market developed under the agreement with Taco Bell UK and Europe Ltd, a subsidiary of Yum! Brands Inc. The partners have not […]

Venezuela weighs departure as OPEC influence weakens

Venezuela is considering leaving OPEC as its energy relationship with the United States deepens, raising fresh questions over the producer group’s cohesion only months after the United Arab Emirates ended nearly six decades of membership. No final decision has been taken in Caracas, but the possibility of withdrawing from the Organization of the Petroleum Exporting Countries has figured in discussions involving Venezuelan and US officials. Such a […]

Trump unveils sweeping US stake in Venezuelan oil

Arabian Post Staff -Dubai United States President Donald Trump has announced a landmark oil agreement with Venezuela that he says will give US interests majority control over more than 65 billion barrels of the country’s proven crude reserves, dramatically expanding Washington’s access to the world’s largest petroleum resource base. Trump described the agreement as the “biggest oil deal in world history”, saying it had been negotiated by […]

Venezuela exit threat deepens OPEC strains

Arabian Post Staff -Dubai Venezuela is weighing whether to leave OPEC, raising fresh questions about the producer group’s cohesion only months after the United Arab Emirates ended its membership and further weakening the organisation’s hold over global oil supply. No final decision has been taken in Caracas, but the possibility has emerged during discussions with US officials as Venezuela seeks to rebuild its battered petroleum industry and […]

UAE grants Starlink decade-long satellite network licence

Arabian Post Staff -Dubai The UAE has granted Starlink Satellite Communications a 10-year licence to establish and operate a public satellite communications network, strengthening the country’s push to integrate space-based connectivity with its advanced terrestrial telecom infrastructure. The General Space Services Licence issued by the Telecommunications and Digital Government Regulatory Authority authorises Starlink to operate and manage its satellite network and provide broadband satellite internet services across […]

King Harald dies at 89 after long reign

Norway’s King Harald V died on Friday aged 89, ending a 35-year reign during which he became one of the country’s most recognisable symbols of national unity. The Royal House said he died peacefully at Oslo University Hospital Rikshospitalet at 6.35 am on August 28. Harald had been admitted to hospital on August 17 while receiving treatment connected with haemolytic anaemia, a disorder in which red blood […]

HAL-Safran helicopter engine deal: India breaks import trap?

By TN Ashok India has built fighter aircraft, warships, tanks and some of the world’s most sophisticated missiles, but one weakness has repeatedly haunted its defence-industrial ambitions: engines. The country has been able to design and manufacture airframes, yet propulsion technology has remained heavily dependent on foreign suppliers. The latest agreement between the state-owned Hindustan […]

The article HAL-Safran helicopter engine deal: India breaks import trap? appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

deVere Group launches live pricing across four markets

Arabian Post Staff Independent financial advisory firm deVere Group has built and launched live pricing and analysis pages across all four markets, designed for investors managing money across borders and currencies rather than sitting inside a single market. “We built these pages because our investors are living across dozens of countries, and they were checking four different markets through four different sources just to get a full […]

Qatar pushes Tehran talks to revive diplomacy

Arabian Post Staff -Dubai Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani is travelling to Tehran on Thursday for talks aimed at lowering regional tensions and reopening a diplomatic channel between Iran and the United States. Sheikh Mohammed, who also serves as Foreign Minister, is expected to meet senior Iranian officials and discuss steps that could reduce the risk of further escalation. Doha has […]

Allies dispute US claim Hormuz mines cleared

Arabian Post Staff -Dubai US allies believe mines remain in the Strait of Hormuz despite President Donald Trump’s declaration that American forces have cleared the strategic waterway, exposing a widening difference over the security of one of the world’s most important energy corridors. Allied assessments indicate that US forces have removed or destroyed some Iranian mines in international waters but have probably not eliminated the entire threat. […]

JPMorgan weighs stablecoin as banks rethink digital money

JPMorgan Chase has evaluated launching its own stablecoin as major banks reconsider their approach to blockchain-based money amid growing demand for digital payments and clearer US regulation. The deliberations mark a potential shift for the world’s largest bank by market capitalisation, which has so far concentrated on tokenised bank deposits rather than issuing a conventional stablecoin. JPMorgan already operates JPM Coin, a dollar-denominated deposit token designed for […]

Trump’s high-tariff regime revives Japanese investment in India

By Subrata Majumder In the post Japanese Yen appreciation era, Japanese overseas investment shifted to China and ASEAN for low-cost manufacturing, leaving India behind. The trajectory is now witnessing movement in the reverse gear, owing to US President Trump’s high reciprocal tariff. Japanese investment has surged in India, leaving China and ASEAN behind. While Japanese […]

The article Trump’s high-tariff regime revives Japanese investment in India appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).