Ras Al Khaimah has successfully issued a $1 billion sukuk, marking its return to the international debt capital markets after a decade. The 10-year senior unsecured sukuk, priced at a profit rate of 5.038%, attracted substantial global investor interest,...

Abu Dhabi-based conglomerate International Holding Company has divested 8.448 million shares, equating to a 0.73% stake, in Adani Enterprises Limited for ₹1,831.82 crore. This transaction was executed through IHC's subsidiaries, Green Vitality RSC and G...

Bitcoin, the world's largest cryptocurrency by market value, experienced a significant decline on Friday, falling over 5% to a three-and-a-half-month low. The digital asset traded below $80,000 for the first time since November 11, reaching $79,666. This...

The United Arab Emirates is experiencing heightened competition in its job market due to a significant influx of expatriate professionals. This surge has led to a reassessment of salary structures, with legacy expatriates witnessing a decline in the lucr...

Etihad Airways is set to announce the launch of an initial public offering worth $1 billion, sources have revealed. This marks a significant milestone in the aviation industry, as it would be the first public listing by a major Gulf airline in nearly two...

In a significant security breach, Dubai-based cryptocurrency exchange Bybit has reported the theft of approximately $1.5 billion worth of Ethereum. The incident, which stands as one of the largest in the history of digital currencies, has raised serious c...

DP World's Jebel Ali Port has achieved its highest cargo volumes since 2015, handling 15.5 million twenty-foot equivalent units in 2024, an increase of 1 million TEUs from the previous year. This surge represents nearly 18% of DP World's total global con...

Arabian Post Staff With the GCGRA continuing to license gaming vendors, the UAE is expected to introduce new gaming products, including lotteries, prize draws, and integrated gaming systems for both online and land-based casinos. Although Internet and Spo...

HSBC has announced the sale of its retail banking operations in Bahrain to the Bank of Bahrain and Kuwait , transferring approximately 76,000 customer accounts. This move aligns with HSBC's ongoing global restructuring strategy, focusing on streamlining o...

The United Kingdom's Court of Appeal has upheld a High Court decision dismissing a $1.2 billion bankruptcy petition against Prince Hussam Bin Saud Bin Abdulaziz Al Saud, a prominent member of the Saudi royal family and governor of Saudi Arabia's Al-Bahah...

German asset management firm Patrizia has secured a licence to open its inaugural office in the Abu Dhabi Global Market , marking a strategic expansion into the Middle Eastern market. This move highlights the firm’s growing interest in tapping into the re...

Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has made a significant entry into the cryptocurrency market by acquiring $436.9 million worth of shares in BlackRock's iShares Bitcoin Trust ETF during the fourth quarter of 2024. This move...

Dubai's Roads and Transport Authority has entered into a Memorandum of Understanding with Elon Musk's The Boring Company to explore the development of the 'Dubai Loop' transport project. The agreement was formalized during the World Governments Summit i...

The Gulf Cooperation Council nations are confronting potential economic challenges following U.S. President Donald Trump's imposition of tariffs on imports from Canada, Mexico, and China. These measures, which include a 25% tariff on steel and aluminum,...

The Abu Dhabi Securities Exchange has solidified its position among the world's top 20 stock exchanges in 2024, achieving a total market capitalisation of AED2.9 trillion . This accomplishment also places ADX as the eighth-largest among emerging markets....