OPEC+ has announced a revised schedule for seven member nations to implement additional oil output cuts, aiming to compensate for previous overproduction. These measures are set to overshadow the planned production increases slated for next month. The up...

Arabian Post Staff -Dubai Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, is actively engaging with global banks and market makers to establish a consortium of up to ten partners for the forthcoming Base Exchange in Rio de Janeiro. These p...

Asset management firm Ninety One Plc is increasing its investments in United Arab Emirates equities to mitigate exposure to the ongoing trade tensions initiated by U.S. President Donald Trump. The company's emerging-markets equity team, overseeing $11 bi...

Abu Dhabi National Oil Company is evaluating a potential acquisition of energy assets from Mubadala Investment Company, a sovereign wealth fund, in a transaction that could be valued at approximately $10 billion, according to individuals familiar with th...

Dubai Aerospace Enterprise has committed approximately $1 billion to acquire 17 next-generation aircraft, enhancing its global fleet. This strategic move underscores DAE's dedication to modernizing its portfolio and strengthening its position in the avia...

Ripple, a prominent blockchain payments provider, has secured full regulatory approval from the Dubai Financial Services Authority to offer cross-border cryptocurrency payment services within the United Arab Emirates . This landmark authorization enables...

Oil prices stabilized on Tuesday after a period of declines, reflecting investor apprehension over escalating trade tensions and their potential impact on global economic growth. West Texas Intermediate crude hovered around $66 per barrel, while Brent cr...

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...