Author: Arabian Media staff
Image: Getty Images Turkey is in talks with Morocco on renting out a regasification ship, Energy Minister Alparslan Bayraktar said on Thursday. Speaking to broadcaster CNN Turk, Bayraktar said Turkey had recently started using its floating storage regasification unit (FSRU) ships for export purposes, referring to a May accord with Egypt to time charter its FSRU ships. “There is something especially with Egypt now. We are also discussing such a project with Morocco because the summer months are also a period when their gas needs increase, and for us, the summertime is when we consume 30 per cent of our gas,” he…
Image credit: WhatsApp/Website WhatsApp has unveiled a wave of new features aimed at enhancing user experience across messaging, media sharing, and personalisation. The latest updates include support for Live and Motion Photos, AI-powered customisation tools, enhanced media options, and smarter group search functionality. These features are now rolling out to users globally on both iOS and Android, a WhatsApp blog conveyed. Share life in motion WhatsApp now supports Live Photos on iOS and Motion Photos on Android, allowing users to send images with both sound and movement. These dynamic media options capture moments in a richer, more immersive way, and…
Image: Supplied Tokinvest, a regulated marketplace for real-world asset (RWA) tokenisation, has secured Dubai’s Virtual Assets Regulatory Authority (VARA)’s first full multi-asset issuance licence, sold out its debut tokenised racehorse, and closed a $3.2m pre-seed funding round. The licence makes Tokinvest one of the few platforms globally authorised to issue and distribute tokenised real-world assets under a comprehensive regulatory framework, the company said. Its debut project, the fractionalised sale of a world-class racehorse in partnership with Evolution Stables, marked a first-of-its-kind achievement in sports assets. The token was issued on Polygon, a blockchain protocol that secures more than $1.1bn in…
Image: IHC/ X Abu Dhabi’s International Holding Company (IHC) has announced it will invest $1bn in India’s Sammaan Capital, one of the country’s largest non-banking financial companies (NBFCs), reinforcing its conviction in the sector as a driver of credit access and financial inclusion. Sammaan Capital, listed on the Bombay Stock Exchange and National Stock Exchange of India, focuses mainly on mortgage lending. It operates 220 branches in more than 150 towns and cities and employs over 4,430 people. IHC aims to support Sammaan Capital’s new phase of growth “India represents a core strategic market for us, and its long-term growth…
Image credit: Damac Properties/ Website The UAE’s real estate sector is maintaining a powerful growth trajectory into the final quarter of 2025, building on strong momentum from both oil and non-oil economic sectors. Surging foreign investment inflows, improved economic forecasts, and expanding business confidence have all combined to create a fertile environment for real estate growth, particularly in Dubai and Abu Dhabi. According to a WAM report, the entire property spectrum, residential, commercial, and industrial, is experiencing consistent growth, spurred by ambitious new developments and a steady stream of foreign capital. Read more-Dubai renters are rushing to buy: What it…
Oman Air has announced significant workforce and fleet reductions as part of a broad effort to cut operational costs. The national carrier confirmed it had laid off 1,100 employees, bringing headcount down from around 4,300 to just under 3,200. “If you looked at the number of staff we had for the size of our fleet, we were off the charts compared to all our neighbours and to all relevant benchmarks we could find,” said Con Korfiatis, CEO of Oman Air. Fleet restructuring As part of the cost-saving measures, the airline retired its entire fleet of 10 Airbus A330s and sold…
Image: Getty Images The Statistics Centre – Abu Dhabi (SCAD) announced that the emirate’s real Gross Domestic Product (GDP) reached Dhs306.3bn in the second quarter of 2025, marking a 3.8 percent increase compared with Q2 2024. The non-oil economy grew 6.6 per cent year-on-year to a record Dhs174.1bn, accounting for 56.8 per cent of total GDP—the first time non-oil activity has exceeded half of GDP in a second quarter. Across the first half of 2025, Abu Dhabi’s economy recorded real GDP of Dhs597.4bn, up 3.63 per cent compared with H1 2024. Non-oil activities expanded 6.37 per cent to Dhs337.6bn, underscoring…
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