The Indian government has condemned a projectile strike on the Panama-flagged oil tanker MT On Peace, owned by Dubai-based company Onex, in the Strait of Hormuz. Twelve crew members were injured, including 11 Indian nationals, and were evacuated to Oman for treatment. India's Ministry of External Affairs called for an immediate cessation of attacks on commercial shipping in the region.
Al Habtoor Group has completed the installation of the last glass facade panel at Habtoor Towers in Dubai, being built in coordination with China Railway 18th Bureau Group Dubai. Once finished, the 1,740-unit project is positioned to become the world's largest single residential building. Handover will occur in stages, starting with over 1,300 apartments scheduled for delivery during the summer.
Strata Manufacturing PJSC has received Approved Maintenance Organization certification from the UAE General Civil Aviation Authority under CAR-145 regulations. The certification permits the Mubadala-owned manufacturer to extend operations into maintenance, repair, and overhaul activities. The expansion builds on Strata's production of more than 120,000 advanced-composite aerostructure components since 2010.
Emerging gold-producing countries across Asia are increasingly retaining domestic gold production through local refining, export duties, and central bank purchases rather than exporting raw ore to Western financial hubs. The trend is driven by efforts to protect sovereign reserves against foreign asset freezes and to reduce reliance on the US dollar. Analysts note that major central banks, including China's, have significantly expanded their bullion holdings while trimming US Treasury holdings.
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