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Category: World

From diplomatic negotiations and conflict zones to trade deals, climate challenges, and technological breakthroughs, Arabian Post provides balanced reporting that connects global events with regional implications. With a dedicated focus on accuracy and context, our world news section highlights the voices of policymakers, experts, and communities directly affected by international change.

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Dnata Logistics has launched a $27 million facility in Dubai South to strengthen its supply chain services in the region. This development aligns with the growing demand for advanced logistics and supply chain solutions in the UAE, particularly in the aviation and cargo sectors. The facility, spanning 20,000 square meters, is equipped with cutting-edge technology, including automated storage and retrieval systems and advanced temperature-controlled zones, catering to diverse

By Nitya Chakraborty Prime Minister Narendra Modi invited Russian President Vladimir Putin to visit India at the time of his visit to the BRICS summit at Kazan in Russia in October this year. This was immediately accepted by President Putin and in the last six weeks

The GameFi sector, which combines gaming and decentralized finance, has emerged as one of the most volatile areas within the blockchain industry. A new report by ChainPlay reveals staggering statistics, including the failure of 93% of GameFi projects, marking it as the sector with the highest rate of collapse. These findings underscore the significant risks investors and developers face when venturing into this rapidly evolving space.

GameFi projects, on

Securonix, a leader in cybersecurity solutions, has appointed Dipesh Kaura as the new Head of India Sales. With over 23 years of expertise in the cybersecurity domain, Kaura is set to drive the company's growth in the Indian market by expanding its footprint, fostering strategic partnerships, and delivering tailored security solutions. His appointment comes at a time when India is witnessing an increasingly complex cybersecurity landscape.

Kaura brings with

The Permanent Account Number (PAN), long a cornerstone of India’s financial ecosystem, is undergoing a significant transformation with the launch of PAN 2.0, aimed at modernizing and streamlining taxpayer services. The revamped system is set to revolutionize how citizens and businesses interact with the country’s tax framework, enhancing transparency, accountability, and overall efficiency.

Traditionally, the PAN has served as a critical identifier for taxpayers, widely used for income tax

Global cryptocurrency trading volumes surged to record highs in November, with spot markets witnessing a transaction volume of $2.7 trillion, marking the most significant activity since mid-2021. This dramatic increase coincided with substantial developments in the political and economic landscape, catalyzing heightened market enthusiasm. Futures trading also experienced a remarkable boost, with Bitcoin and Ethereum futures dominating the derivatives segment.

The momentum in the cryptocurrency market followed the reelection

Gautam Hari Singhania has been appointed Executive Chairman of Raymond Lifestyle, following shareholder approval of the decision. This move marks a significant step for the company after the recent demerger of its lifestyle business, which now operates separately from Raymond's other ventures. The reshaping of leadership within Raymond Lifestyle is seen as part of a broader strategy to enhance its growth prospects in a highly competitive market.

The demerger

By Satyaki Chakraborty France landed on Wednesday night once again into a deeper political crisis after a no-confidence vote brought down the government, ending the beleaguered minority coalition of the conservative Prime Minister Michel Barnier propped up by the far right National Rally

Ripple has announced a delay in the launch of its RLUSD stablecoin, clarifying that it will not debut the product today as initially expected. The company, a leading blockchain-based payments firm, cited the need for final approval from the New York Department of Financial Services (NYDFS) before proceeding with the launch.

This postponement has added to the mounting attention surrounding the regulatory landscape for digital assets in the

SPIMACO, one of Saudi Arabia’s prominent pharmaceutical companies, has decided to cancel its agreement to acquire a majority stake in the pharmaceutical manufacturer Osmopharm. The move comes after a series of strategic shifts in both companies' corporate plans, signaling a pause in the anticipated merger that was initially expected to expand SPIMACO's footprint in the healthcare sector.

The agreement, which was first announced earlier this year, outlined SPIMACO's purchase

Cuba's national power grid has collapsed, leaving millions of citizens without electricity and causing widespread disruption across the country. Late Wednesday, officials reported that the country was only generating enough electricity to meet one-sixth of its peak demand. This power failure comes as Cuba continues to grapple with energy infrastructure issues, highlighting the vulnerabilities in its aging electrical system.

The power outage, which began hours before the statement

Abu Dhabi's National Marine Dredging Company (NMDC) has expanded its reach into new sectors with the establishment of a dedicated logistics unit. This strategic move aims to enhance the company’s service offerings and leverage its operational expertise to capitalize on the growing demand for integrated logistics services. The new division will focus on providing logistics solutions for a wide range of industries, marking a significant shift in NMDC’s

High-level delegations from India and the UK have agreed to strengthen bilateral relations, with a shared commitment to expanding cooperation under the India-UK Roadmap 2030. The talks, held between senior officials from both nations, aimed to evaluate the progress made so far and chart a new course for future collaboration. The discussions centered on finding new avenues to deepen ties across various sectors, including trade, defense, technology, and

By Nitya Chakraborty As the year 2024 is ending and India is on the threshold of beginning a New Year 2025, Prime Minister Narendra Modi and his senior officials in both PMO and the external affairs ministry are relaxed and looking for positive developments

Tron (TRX) has experienced a remarkable surge in its value, skyrocketing by nearly 95% within the past 24 hours. The cryptocurrency’s price surged from $0.22 to more than $0.43, hitting a new all-time high. This dramatic spike comes as part of a broader rally in the altcoin market, where various digital currencies have also seen significant price gains. Analysts suggest that a combination of factors, including market sentiment

Bitcoin dominance has dropped significantly, falling from 61.53% in November 2024 to 55.24%, marking a substantial shift in the cryptocurrency market. This decline has allowed altcoins to rise, with over 75% of the top 100 altcoins outperforming Bitcoin in recent market trends. The surge in altcoin performance is reflected in the Altcoin Season Index, which has surged to 88 points, signaling a potential shift in investor focus toward

Alex Mashinsky, co-founder of Celsius Network, is set to plead guilty to charges of fraud tied to his role in artificially inflating the value of the CEL token, which was pivotal to the cryptocurrency platform. This development follows Mashinsky's decision to change his plea, marking a significant shift in the high-profile case. Prosecutors allege that Mashinsky misled investors by manipulating the token's price to attract users and generate

Coinbase CEO Brian Armstrong has announced the company will no longer engage with law firms that employ individuals involved in regulatory actions perceived as unfavorable to the cryptocurrency industry. This decision has already resulted in Coinbase ceasing its professional relationship with Milbank LLP following the hiring of Gurbir Grewal, former Director of the U.S. Securities and Exchange Commission's (SEC) Division of Enforcement.

Armstrong expressed concern about regulatory policies pursued

India has seen a substantial increase in patent applications during the fiscal year 2024, with nearly 92,000 submissions recorded. This marks a significant jump, highlighting the country’s growing focus on innovation and its expanding role in global technology. The surge is seen as a reflection of both the efforts within India’s industrial sectors and the evolving landscape of intellectual property (IP) regulation in the country.

The Controller General of

By Nitya Chakraborty Less than two months are left for the presentation of the second budget of the third term Narendra Modi government in Parliament in February next year relating to the financial year 2025-26. The budget exercises are on in the

France is contemplating a significant tax overhaul aimed at targeting "unproductive wealth," which could include assets like Bitcoin, private jets, yachts, and luxury cars. This potential move reflects a growing trend among European countries to reshape their tax systems in response to the changing nature of wealth accumulation and its role in economic inequality.

French President Emmanuel Macron's government is looking to implement a broader fiscal policy that addresses

Coinbase has launched a new feature, integrating Apple Pay into its platform through the "OneRamp" product, enabling users to make seamless fiat-to-crypto transactions. This move comes as part of Coinbase’s strategy to simplify cryptocurrency trading and expand access for everyday users. By integrating Apple Pay, Coinbase aims to offer a more efficient and user-friendly method for purchasing cryptocurrencies directly from fiat accounts.

OneRamp, designed to streamline the transaction process,

AXOR Helmets, a premium brand under Vega Auto Accessories Pvt Ltd, has been officially announced as the safety partner for the highly anticipated India Bike Week (IBW) 2024. Scheduled to take place on December 6 and 7 in Goa, the partnership aligns AXOR's reputation for providing high-quality protective gear with IBW's legacy of being one of Asia's largest motorcycling festivals.

India Bike Week 2024 promises an array of activities

By Nantoo Banerjee It is a matter of grave concern that counterfeit Rs 500 notes from the Mahatma Gandhi (new) series have nearly quadrupled between 2018-19 and 2023-24. And, the detection of counterfeit Rs 2,000 notes has tripled since 2020-21. The Rs 2,000 notes continue to remain legal tender

Bitcoin balances on cryptocurrency exchanges have reached a strikingly low level of 2.27 million BTC, the lowest since December 3, 2023. This trend underscores a clear shift among Bitcoin holders, moving assets off exchanges, signaling a preference for long-term storage over active trading.

This reduction in Bitcoin exchange reserves has been attributed to multiple factors. First, heightened regulatory scrutiny in major markets has made some investors wary of holding assets on exchanges.

Tech Mahindra has collaborated with Universal Scientific Industrial (USI), a leading global provider of electronic design and manufacturing services, to establish an engineering development center in Bengaluru. This partnership marks USI’s first such venture in India and aims to leverage advanced technological expertise for developing innovative smart devices, augmented and virtual reality solutions, and connected vehicle technologies.

The facility, housed within Tech Mahindra's Bengaluru office, is designed to accelerate

U.S. President Joe Biden has pardoned his son, Hunter Biden, clearing federal convictions related to gun possession and tax offenses. This decision follows months of scrutiny over Hunter’s legal troubles, which had drawn significant public attention and political criticism. The pardon marks a reversal from the president’s prior stance, where he had assured he would not interfere in the judicial process concerning his son. Hunter Biden was initially charged with three federal crimes, including two misdemeanor tax offenses and a felony

By Dr. Gyan Pathak Slowing down of GDP growth to seven quarters low of 5.4 per cent during second quarter of the financial year 2024-25 and contraction of the wages during the same period for the first time since the pandemic (March 2021) shows

Tech Mahindra has entered a strategic partnership with Amazon Web Services (AWS) to revolutionize the telecom industry by integrating Generative AI (GenAI) into network operations. This collaboration aims to modernize telecom networks through the development of an Autonomous Networks Operations Platform (ANOP), which promises to streamline and enhance network management for Communication Service Providers (CSPs) and enterprise clients.

The ANOP, powered by AWS’s machine learning and GenAI services, will

Elon Musk’s net worth has reached a staggering $348 billion, driven by a surge in Tesla stock and the continued growth of his artificial intelligence venture, xAI. Musk’s wealth has seen a remarkable spike, placing him at the forefront of global billionaires, surpassing key figures in both tech and finance. This surge highlights the continued influence of Musk's ventures, particularly Tesla, as the company’s performance remains strong despite the shifting economic landscape. Tesla’s recent rally, which contributed significantly to Musk’s wealth,

Nissan's iconic Patrol SUV has entered its seventh generation, showcasing an evolved design and cutting-edge features that highlight its versatility and power. The highly anticipated model was unveiled in Saudi Arabia, offering an impressive blend of luxury and performance tailored for diverse terrains. With a rich history since its inception in 1951, the Patrol continues to stand as a symbol of durability and innovation.

This latest iteration introduces a

By K Raveendran The defence mounted by the Adani Group, both by its leadership and by the Indian government, in the face of damning allegations of corruption and irregularities levelled by U.S. authorities, raises serious questions about the interplay between corporate interests and political power in

Spot Bitcoin ETFs in the United States set a new benchmark, attracting $6.2 billion in November, surpassing the previous record of $6 billion set in February 2024. The surge is attributed to Bitcoin’s strong price momentum and increased market enthusiasm. Bitcoin’s valuation approached $90,000, driven by institutional interest and retail investors responding to positive market signals and the fear of missing out (FOMO).

BlackRock's iShares Bitcoin Trust emerged as

By Dr. Gyan Pathak Electorate of the country has been tossing Congress up and down for quite some time, and the trend is more pronounced in the last one and half year ever since Karnataka elections in May 2023 when people brought the Congress with overwhelming majority throwing

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