作者: admin

  • Stake raises Dh113.7 million in Series B funding; Emirates NBD, Mubadala buy share

    Stake raises Dh113.7 million in Series B funding; Emirates NBD, Mubadala buy share

    Dubai-based real estate investment platform Stake has successfully concluded an oversubscribed Series B funding round, raising $31 million (Dh113.77 million) from a consortium of prominent regional investors. The investment was led by Emirates NBD bank and Mubadala Investment Company, with additional participation from Property Finder, Ellington Properties, Middle East Venture Partners (MEVP), STV NICE, Wa’ed Ventures, and GFH Partners.

    This latest injection of capital brings Stake’s total funding to date to $58 million (Dh213 million), significantly strengthening its position in the digital real estate investment sector. The platform, founded in the UAE in 2021 and expanded to Saudi Arabia in 2024, has built a substantial community exceeding 2 million users from 211 nationalities.

    Neeraj Makin, Group Head for Strategy, Analytics and Venture Capital at Emirates NBD, emphasized the strategic importance of the investment: “Real estate remains a foundational component of global investment portfolios, yet there is an opportunity to improve how many investors access and gain transparency into these assets. Our strategic investment in Stake represents a significant step in expanding our digital investment capabilities.”

    The funding will primarily support Stake’s expansion in the Saudi market, which the company identifies as a strategic growth opportunity. Since entering Saudi Arabia, Stake has already closed three real estate funds, attracting 6,930 international investors and channeling over SAR 416 million into the local real estate sector.

    Co-founder and co-CEO Rami Tabbara commented on the institutional backing: “To have institutions like Emirates NBD, Mubadala, Property Finder, MEVP, Wa’ed Ventures, GFH Partners, STV and Ellington Properties join us is a reminder that our region believes in ambitious ideas and in the power of technology to transform industries.”

    In a significant regulatory development, Stake has received In-Principle Approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to advance regulated tokenization of real estate assets in collaboration with Property Finder. This positions the company at the forefront of blockchain integration in Middle Eastern real estate markets.

    To date, Stake has facilitated over 250,000 investments across 500-plus properties and four private real estate funds, distributing more than Dh55 million in rental income and surpassing Dh1.4 billion in real estate transactions.

  • Jordan’s Queen Rania meets the Ambanis, Bollywood stars during India visit

    Jordan’s Queen Rania meets the Ambanis, Bollywood stars during India visit

    Her Majesty Queen Rania Al Abdullah of Jordan has embarked on a multifaceted visit to India, seamlessly blending diplomatic engagement with cultural appreciation and advocacy for women’s leadership. The royal’s itinerary included a prominent stop in Mumbai, where she was hosted by Mukesh Ambani, Chairman of Reliance Industries and among Asia’s most influential business magnates, and his family at their residence.

    The visit was documented through official social media channels, where Queen Rania expressed profound gratitude for the Ambani family’s hospitality. ‘My deepest appreciation to Mr. Mukesh Ambani for his gracious hosting in Mumbai,’ she remarked. ‘Your genuine warmth and exceptional hospitality have profoundly enriched my experience in India.’ The royal’s attire—an elegant white blouse paired with an intricately embroidered midi skirt and green sash—reflected a thoughtful blend of contemporary and traditional elements.

    A highlight of the Mumbai agenda was Queen Rania’s engagement at the Nita Mukesh Ambani Cultural Centre, where she participated in an exclusive roundtable discussion with distinguished female leaders from various sectors including business, entrepreneurship, and the arts. The session focused on critical issues surrounding women’s empowerment and leadership development.

    Bollywood icon Karisma Kapoor, who attended the private gathering, described the event as ‘an honor and privilege’ in her social media reflections. She emphasized the significance of such dialogues, noting that ‘when women converge with purpose and vision, they not only shape conversations but actively mold the future for subsequent generations.’

    Earlier during her Indian tour, Queen Rania delivered a keynote address at the ET Now Global Business Summit in New Delhi, sharing the platform with Prime Minister Narendra Modi and other policy influencers. In her address, she articulated the often-overlooked virtue of humility as a fundamental leadership quality in contemporary global governance. ‘Humility represents not hesitation, but honesty regarding our limitations,’ she asserted. ‘This awareness enables the construction of more inclusive and resilient systems that effectively serve broader populations.’

    The Jordanian Queen’s visit exemplifies modern diplomatic outreach, combining traditional statecraft with cultural exchange and substantive discourse on social advancement.

  • US soldiers arrive in Nigeria to aid its fight against Islamist militants

    US soldiers arrive in Nigeria to aid its fight against Islamist militants

    Approximately 100 United States military personnel have been deployed to northeastern Nigeria, marking a significant escalation in security cooperation between the two nations. The troops arrived at an airfield in Bauchi state with specialized equipment to commence training operations with Nigerian armed forces.

    Defense spokesperson Major General Samaila Uba confirmed the deployment, emphasizing that American forces would not engage in direct combat operations but would provide critical intelligence support and technical training to enhance Nigeria’s counter-terrorism capabilities. The mission follows formal requests from the Nigerian government for assistance in addressing multiple security threats.

    This deployment represents the latest development in bilateral military coordination following December’s joint airstrikes against Islamist militant camps in northwestern Nigeria. The collaboration focuses on strengthening Nigeria’s capacity to deter terrorist organizations including Boko Haram and Islamic State West Africa Province (ISWAP), while improving protection for vulnerable communities.

    The security partnership evolved through diplomatic channels, including working group discussions between defense officials from both nations. This contingent supplements a small team of US forces already operating in the country, with Nigerian military officials previously indicating expectations of approximately 200 additional personnel.

    The deployment occurs against a complex backdrop of religious and ethnic dynamics. While the previous US administration expressed concerns about Christian persecution in Nigeria’s predominantly Muslim north, the current mission appears focused on technical cooperation rather than religious protection. Nigerian authorities have consistently maintained that violence affects all religious groups equally.

    President Bola Tinubu’s administration has explicitly endorsed the security cooperation, expressing gratitude for US support in addressing Nigeria’s multifaceted security challenges that include Islamist insurgencies, criminal kidnapping networks, resource-based conflicts, and separatist movements across this ethnically diverse nation of more than 250 distinct groups.

  • Air India Express unveils new Hyderabad-Dubai non-stop flights

    Air India Express unveils new Hyderabad-Dubai non-stop flights

    Air India Express has officially announced the launch of non-stop flight services connecting Hyderabad and Dubai, marking a significant expansion of its Gulf network. The new route, scheduled to commence operations on March 29, 2026, represents a strategic realignment within the Air India Group’s restructuring initiative that will see numerous Middle Eastern routes transition to its low-cost subsidiary.

    The airline confirmed that passengers booking these flights will have access to its premium ‘Gourmair’ hot meal service starting at just ₹500. This development comes alongside the carrier’s ongoing ‘Xpress More Sale,’ offering substantial discounts of up to 20% on both domestic and international routes, with approximately five million seats available at promotional fares.

    Hyderabad’s Rajiv Gandhi International Airport already serves as a operational hub for Air India Express, with existing connections to multiple Gulf destinations including Abu Dhabi, Bahrain, Dammam, Doha, Jeddah, Kuwait City, Muscat, and Sharjah. The addition of Dubai flights further solidifies the airline’s position in the competitive India-Gulf aviation market.

    The promotional sale, which began with early access through the airline’s digital platforms on February 1, officially ran from February 2-5, 2026. Bookings made during this period are valid for travel between February 11 and December 31, 2026, covering the carrier’s entire route network.

  • Ocalan announces first phase of PKK dissolution is complete

    Ocalan announces first phase of PKK dissolution is complete

    In a significant development for Middle Eastern geopolitics, Abdullah Ocalan, the incarcerated founder of the Kurdistan Workers’ Party (PKK), has confirmed the completion of the initial phase of his organization’s dissolution. The message was conveyed by Mithat Sancar, a parliamentarian from Turkey’s pro-Kurdish DEM Party, following a three-hour meeting with Ocalan at his Imrali Island prison.

    Sancar reported Ocalan’s declaration that ‘the first phase has concluded with the dissolution of the organisation and the termination of armed struggle,’ marking a potential watershed moment in the four-decade conflict that has claimed tens of thousands of lives. The PKK leader now emphasizes transitioning to a second phase focused on ‘integration aspects’ – what he terms ‘democratic integration.’

    This transformation follows Ocalan’s historic February 2023 appeal for the PKK and its regional affiliates – including branches in Syria, Iran, and Iraq under the Group of Communities in Kurdistan (KCK) – to disarm and disband. The PKK formally committed to this directive in March by announcing a ceasefire.

    The dissolution process faced complications regarding the status of the Syrian Democratic Forces (SDF), led by the PKK’s Syrian affiliate, the People’s Protection Units (YPG). Escalating clashes between Syrian government forces and the SDF earlier this year threatened to derail the entire process until diplomatic interventions prevailed.

    Sancar credited multiple actors for facilitating negotiations, including Iraqi Kurdish leaders Masoud Barzani, Nechirvan Barzani, and Bafel Talabani, while emphasizing Ocalan’s behind-the-scenes role as crucial. US-backed negotiations culminated in a January 30 integration agreement and ceasefire, transferring control of northeastern Syria to Damascus and outlining phased integration of SDF forces into the Syrian army.

    Ocalan maintains that integration must transcend mere merger, requiring ‘recognition of existence and rights [of Kurds], democracy, and protection of those gains.’ He has simultaneously demanded improved living and communication conditions at Imrali to contribute effectively to the second phase.

    The developments coincide with unexpected support from Devlet Bahceli, chairman of the nationalist MHP party and architect of the PKK deal, who recently advocated for Ocalan to receive the ‘right to hope’ – a Turkish legal principle allowing life-sentenced prisoners possibility of release. Bahceli also called for reinstating removed Kurdish mayors and releasing Kurdish political leader Selahattin Demirtas.

  • France releases suspected Russian ‘shadow fleet’ tanker after fine paid

    France releases suspected Russian ‘shadow fleet’ tanker after fine paid

    French authorities have released the oil tanker Grinch after its ownership paid a substantial financial penalty, concluding a three-week detention near Marseille. The vessel, sailing under a Comoros flag but originating from Murmansk in northern Russia, was intercepted by French naval forces in the Mediterranean in January as part of intensified efforts to combat Russia’s sanctions evasion network.

    French Foreign Minister Jean-Noël Barrot confirmed the tanker’s release on Tuesday, emphasizing that circumventing European sanctions now carries significant consequences. ‘Russia will no longer be able to finance its war with impunity through a ghost fleet off our coasts,’ Barrot stated in a social media post, referencing Moscow’s ongoing conflict in Ukraine.

    The Marseille judicial court administered the penalty through a guilty plea procedure, though the precise fine amount remains undisclosed. Officials described it as ‘several million euros’ in value. The tanker had been immobilized at Fos-sur-Mer port during the legal proceedings, incurring additional operational costs for its operators.

    This incident highlights the expanding challenge of shadow fleets—clandestine networks of aging tankers with obscure ownership structures deliberately designed to bypass Western sanctions on Russian, Iranian, and Venezuelan oil exports. Monitoring groups estimate this covert fleet has grown to approximately 1,468 vessels, nearly triple its size since Russia’s 2022 invasion of Ukraine.

    The French action aligns with recent multinational efforts to enforce energy sanctions. In January, British armed forces supported a U.S. operation to seize another Russian-flagged tanker in the Atlantic for similar violations, though Moscow continues to denounce such interventions as unlawful acts against properly registered vessels.

  • Frederick Wiseman, Oscar-winning documentary filmmaker, dies at 96

    Frederick Wiseman, Oscar-winning documentary filmmaker, dies at 96

    Frederick Wiseman, the groundbreaking documentary filmmaker whose observational style revolutionized nonfiction cinema, passed away peacefully on Monday at age 96. His production company, Zipporah Films, confirmed the news without disclosing the cause of death.

    Wiseman’s extraordinary six-decade career produced approximately 50 films that meticulously documented American institutions through his distinctive “direct cinema” approach. His cameras captured the inner workings of schools, hospitals, government bodies, and cultural organizations without narration, interviews, or artificial lighting—creating immersive experiences that allowed audiences to draw their own conclusions.

    The filmmaker’s method involved shooting hundreds of hours of raw footage that he would personally edit into feature-length documentaries. “The audience is placed in the middle of these events and asked to think through their own relationship to what they are seeing and hearing,” Wiseman told Documentary Magazine in 1991.

    Despite limited commercial distribution, Wiseman’s work earned critical acclaim and numerous honors, including an honorary Academy Award in 2016. The Academy praised his “masterful and distinctive documentaries [that] examine the familiar and reveal the unexpected.” His additional accolades included four Emmy Awards and recognition from major international film festivals.

    Born in Boston to Jewish immigrant parents on January 1, 1930, Wiseman initially pursued law before abandoning the profession for filmmaking. His groundbreaking 1967 debut, “Titicut Follies,” exposed conditions at a Massachusetts prison-hospital for the criminally insane and established his uncompromising observational style.

    Wiseman’s filmography includes seminal works like “High School” (1968), “Law and Order” (1969), and later projects examining European cultural institutions. His final film, 2023’s “Menus-Plaisirs — Les Troisgros,” continued his tradition of lengthy, immersive documentaries that challenged conventional viewing experiences.

    The filmmaker is survived by his sons, David and Eric. His wife Zipporah, a law professor for whom he named his production company, passed away in 2021.

  • Sri Lankan lawmakers scrap their pensions, delivering on a campaign promise

    Sri Lankan lawmakers scrap their pensions, delivering on a campaign promise

    COLOMBO, Sri Lanka — In a sweeping legislative action addressing public anger over economic mismanagement, Sri Lanka’s parliament voted decisively on Tuesday to eliminate pension benefits for lawmakers. The bill passed with overwhelming support, receiving 154 votes in favor with only two oppositions in the 225-member assembly.

    The move fulfills a central campaign pledge by President Anura Kumara Dissanayake’s Marxist-leaning government, elected in 2024 amid widespread resentment toward political elites blamed for the nation’s devastating 2022 economic collapse. The new legislation terminates payments to all current recipients and those who would have qualified under the previous system, which provided pensions after just five years of parliamentary service.

    This represents the administration’s second major austerity measure targeting political privileges, following September’s abolition of perks for former presidents that included state-funded housing, allowances, pensions, transportation, and dedicated offices with staff for ex-leaders and their widows.

    Justice Minister Harshana Nanayakkara, who presented the bill, emphasized that lawmakers had “no moral right” to receive pensions while the nation struggles to recover from its worst economic crisis. The country declared bankruptcy in April 2022 with over $83 billion in debt, prompting a $2.9 billion International Monetary Fund bailout package in 2023.

    Sri Lanka’s economic devastation—characterized by severe shortages of food, medicine, fuel, and electricity—sparked mass protests that ultimately forced former President Gotabaya Rajapaksa from office. The crisis stemmed from economic mismanagement compounded by COVID-19 pandemic impacts and 2019 terrorism attacks that crippled the vital tourism industry.

    The government recently announced completion of debt restructuring agreements with bilateral, multilateral, and private creditors, seeking $17 billion in debt service relief as the nation continues its recovery journey.

  • Powering industrial diversification efforts

    Powering industrial diversification efforts

    Brunei Fertilizer Industries (BFI) has rapidly transformed into a strategic national asset since its establishment in 2013, demonstrating remarkable success in advancing Brunei’s economic diversification agenda. Operating Southeast Asia’s largest single-train fertilizer facility, the company converts domestic natural gas into high-value ammonia and urea products for export across Asia, Africa, and the Americas.

    Under CEO Dr. Harri Kiiski’s leadership, BFI has achieved industry recognition as one of only 30 stewardship champions within the International Fertilizer Association’s 500-member network. The company boasts an exceptional safety record of over 4.2 million injury-free working hours while establishing itself as a reliable supplier with premium-quality products.

    The enterprise has significantly contributed to national workforce development, increasing Bruneian employment from 70% to 78% of its workforce. Through targeted graduate recruitment programs, BFI has developed 160 young professionals into key operational roles, aligning with Brunei’s Wawasan 2035 development vision.

    Technologically, BFI utilizes world-class licensed processes producing 2,200 tonnes of ammonia and 3,900 tonnes of urea daily. The company is advancing into specialty fertilizers containing inhibitors, micronutrients, and biostimulants to address regional food security challenges and soil health issues, particularly zinc deficiency affecting women and children.

    Environmental sustainability remains central to operations, with modern processes optimizing energy efficiency, reducing water intensity, and limiting emissions. The company explores future opportunities in carbon capture, storage, and green energy integration through the ASEAN grid.

    Strategically positioned at market center with superior logistics capabilities, BFI offers 30-40% lower transport emissions compared to Middle Eastern producers. The company now serves as a confidence anchor for investors in chemicals, energy transition, and advanced manufacturing, positioning Brunei as an emerging hub for future-oriented industries.

  • In the face of history, Japan’s discomfort telling

    In the face of history, Japan’s discomfort telling

    The Munich Security Conference became an unexpected arena for historical reckoning as Chinese Foreign Minister Wang Yi’s remarks about Japan’s wartime legacy triggered a diplomatic confrontation. During the 62nd gathering of global security leaders, Wang drew pointed comparisons between Japan and Germany’s approaches to addressing their historical responsibilities, highlighting stark contrasts in how the two nations have institutionalized remembrance of wartime actions.

    Wang’s commentary, grounded in the foundational agreements that established the post-1945 Asia-Pacific order, emphasized that China’s position on Taiwan’s status and Japan’s renunciation of militarism reflected Allied consensus rather than Chinese invention. The Chinese diplomat’s statements met with appreciative reception from European delegates familiar with confronting difficult historical truths.

    Japan’s response demonstrated notable sensitivity, with Tokyo lodging formal diplomatic protests with unusual urgency. The reaction appeared disproportionate to Wang’s actual statements, which primarily reiterated established historical facts and international agreements. Japanese officials framed their response within the context of contemporary security concerns, attempting to link Asian regional stability to the ongoing situation in Ukraine.

    Observers noted the particular irony of this exchange occurring in Germany, a nation that has systematically addressed its Nazi past through legal frameworks criminalizing Nazi symbolism and creating comprehensive remembrance institutions. German officials present at the conference maintained composure during Wang’s historical comparisons, acknowledging the points without diplomatic protest.

    The exchange revealed deeper tensions regarding Japan’s ongoing relationship with its wartime history, particularly concerning the Yasukuni Shrine where Class-A war criminals are honored. Recent statements from Japanese Prime Minister Sanae Takaichi about creating “the environment” for visiting the shrine have raised concerns among Japan’s neighbors about the nation’s historical perspective.

    Japan’s diplomatic strategy in Munich appeared focused on securing Western support for its military expansion plans, framed as “burden-sharing” within collective security arrangements. However, European officials preoccupied with transatlantic relations and domestic security challenges showed limited enthusiasm for underwriting Tokyo’s ambitions, despite Japanese efforts to present regional security through a Cold War-era lens.

    The conference ultimately demonstrated that historical accountability remains an unresolved element in Asia-Pacific relations, with China presenting itself as a stabilizing force committed to regional peace while Japan seeks to advance its security agenda through strengthened Western alliances.