Author: Arabian Media staff
Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, after a decade spent trying to clear his name. Source link
Image: Getty Images Space42, the UAE-based AI-powered SpaceTech company that seamlessly integrates satellite communications, geospatial analytics, and artificial intelligence capabilities with global reach, and listed on the Abu Dhabi Securities Exchange, announced the signing of a $695.5m Export Credit Agency (ECA)-backed financing facility to fund the development of its next-generation geostationary satellites, Al Yah 4 and Al Yah 5. The financing represents a pivotal step in Space42’s strategy to establish critical connectivity capabilities across multiple orbits. The facility, arranged by Crédit Agricole CIB, Santander CIB, Societe Generale, and Natixis and backed by Bpifrance Assurance Export, demonstrates the company’s continued appeal…
“I have stopped short of paying for his business, his car payment and health insurance.” Source link
Former co-stars turned romantic partners Téa Leoni and Tim Daly have tied the knot in an intimate New York ceremony. Source link
The bestselling cars, trucks, and SUVs of 2025 have fought off inflation, tariffs, and a volatile political environment to reach these ranks. Source link
Saudi Arabia’s venture capital ecosystem reached new heights in the first half of 2025, securing a record total VC investment of $860m (SAR3.2bn), according to the newly released “H1 2025 Saudi Arabia Venture Capital Report” by MAGNiTT and sponsored by Saudi Venture Capital (SVC). This represents a 116 per cent increase compared to H1 2024 and surpasses the Kingdom’s total VC funding for the entire year of 2024. The report highlights that Saudi Arabia retained its position as the top recipient of venture capital in the MENA region, accounting for 56 per cent of the region’s total capital deployed. The…
The Dubai Gold and Commodities Exchange (DGCX) recorded a strong first half of 2025, trading over one million contracts by the end of June. This marked a 30 per cent year-on-year increase in average daily volumes, reflecting rising demand for risk management tools amid global market uncertainty. Leading the growth were gold contracts and the exchange’s INR Quanto futures product. A key highlight of the period was the performance of DGCX’s Shariah-compliant Gold Spot Contract (DGSG). The value of trades in DGSG jumped from $15.6m in H1 2024 to $46.8m in H1 2025, representing a 199.84 per cent year-on-year increase.…
Image credit: Dubai Media Office/Website PayCargo, a leading digital logistics payment platform, has officially launched its services in the UAE, marking a major milestone in the digitisation of cargo operations in the region. Emirates SkyCargo is the first carrier in the UAE to adopt the solution, enabling customers to benefit from fast, secure, and seamless payment processing. Read-Emirates SkyCargo launches new vertical: here are all the details The integration allows Emirates SkyCargo customers in the UAE to make instant payments through credit card or direct debit, resulting in same-day or next-business-day cargo release. The collaboration signals a shift away from…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Guests networking at last year’s Gulf Business Awards 2024 in Dubai. Gulf Business has officially announced The Westin Dubai Mina Seyahi Beach Resort & Marina as the venue for the upcoming Gulf Business Awards 2025, scheduled to take place on September 24. Now in its 13th year, the Gulf Business Awards is one of the region’s premier platforms recognising outstanding leadership, innovation, and business performance across a wide range of sectors—from banking and real estate to healthcare, technology, energy and tourism. Located on Dubai’s Jumeirah Beach, The Westin offers a striking blend of luxury and functionality. With views overlooking The…