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Industry

Electrification shifts energy security from oil to solar and batteries

As electrification technologies such as solar power and electric vehicles spread, the yardstick for global energy security is changing, an analysis said. The focus is shifting from stable imports of fossil fuels such as oil and natural gas to securing generation equipment and power grids and diversifying supply chains. Energy strategist Michael Barnard said electrification is reshaping energy dependence among countries, with examples cited from Pakistan, Europe and Africa.

Crypto

Standard Chartered opens crypto trading from bank accounts for wealthy UAE clients

Standard Chartered has launched a service allowing wealthy clients in the United Arab Emirates to trade bitcoin and ether directly from their bank accounts. The service, approved by Dubai’s Virtual Assets Regulatory Authority, is first available to clients who qualify as professional investors. The bank said it handles trading, custody and settlement within its own system, without separate wallets or external platforms. The service was built jointly across divisions and involves Zodia Markets.

Industry

U.S. and Iran account for 86 percent of global military drone exports

The United States ranked first in global military drone exports over the past four years, but Iran surged ahead last year, data showed. An analysis of Stockholm International Peace Research Institute arms transfer statistics found the United States exported 7,592 military drones in 2022-2025, ahead of Iran with 6,800 and Germany with 1,000. Together, the United States and Iran accounted for about 86 percent of exports, with most shipments linked to the war in Ukraine.