Ali Siddiqui, CEO, BMC Helix. Dubai — Montagu, a leading mid-market private equity firm, has agreed to acquire a majority stake in BMC Helix in a carve-out transaction from BMC Software (BMC). Funds managed by KKR, a leading global investment firm, will maintain ownership of BMC, the automation company for the AI era, which will also retain a minority stake in Helix. KKR acquired BMC in 2018 through its twelfth Americas Private Equity fund. Helix is a leading agentic AI ServiceOps platform powering mission-critical service and operations management solutions used by thousands of blue-chip organisations worldwide across financial services, healthcare, insurance, retail,…
Author: Editorial Team
DALLAS, 7th July, 2026 (WAM) — FIFA has announced that cumulative attendance at FIFA World Cup finals throughout history has surpassed 50 million spectators, reaching 50,020,653 during yesterday’s Round of 16 match between Spain and Portugal at Dallas Stadium in the United States. FIFA said the match, which ended in a 1-0 victory for Spain, attracted a crowd of 70,649, bringing total attendance at the current edition to 6,071,923 spectators after 93 matches, with 11 matches remaining in the tournament being hosted by the United States, Canada and Mexico. To mark the milestone, FIFA honoured Immi Khan of Fort Worth,…
ISLAMABAD — At least nine police officers have been killed, and several others are missing, after an attack by gunmen in Pakistan’s south-western Balochistan province, police and local officials have said. The attackers opened fire on police guarding the construction site of a multi-billion rupee dam in the Ziarat district, Deputy Commissioner Abdul Quddus Achakzai said. Two senior officers are among those killed, he added. The assailants also abducted eight police officers, but all were later recovered by security forces, said Shahid Rind, a spokesman for the Balochistan government. Paramilitary, police and counterterrorism personnel had “successfully carried out the joint…
Daily commute for residents across UAE have undergone some major upheaval in the past week. From Etihad Rail starting its very first passenger service between Abu Dhabi and Fujairah to Dubai Mall Metro station closing a key service road for the rst of the year, authorities have rolled out a bunch of updates in order to facilitate expansion of public transport and to prepare for future growth. While some developments promise faster and smoother journeys in the long run, others mean temporary diversions, road closures and revised travel routes that commuters need to factor into their daily plans. Here’s a…
BRUSSELS, 7th July, 2026 (WAM) — The European Union has reaffirmed its commitment to implementing the Entry/Exit System (EES) for biometric border controls, rejecting calls from the aviation sector to suspend the scheme despite travel disruption at airports and border crossings since its introduction. The system, which entered into force this year, requires travellers from outside the European Union to register their fingerprints and facial images when entering the Schengen Area. Its rollout has resulted in long queues and flight delays due to technical issues and implementation challenges. A European official in Brussels said today that suspending the system entirely…
RIYADH — Saudi Arabia’s Council of Economic and Development Affairs said government entities improved their performance in achieving Vision 2030 targets during the first quarter of 2026 compared with the final quarter of 2025. The council held a meeting via videoconference on Tuesday, during which it reviewed the Ministry of Economy and Planning’s monthly report on global economic developments, regional trends and their implications for the Saudi economy. The report highlighted the resilience of the Kingdom’s economy and the adaptability of its logistics sector amid global developments. It also pointed to the positive impact of government policies on economic growth,…
Anthropic recently finalised a 20-year lease agreement with data centre developer TeraWulf which is expected to generate $19 billion in contracted revenue over the initial term. TeraWulf is to provide a purpose-built AI infrastructure campus at its Justified Data site in Hawesville, Kentucky, accommodating approximately 401MW of critical IT load. The campus is to be developed in phases, with initial capacity expected to be online in the second half of 2027 and full capability by early 2028. TeraWulf chair and CEO Paul Prager said the company previously told investors it expected to secure a major customer commitment around the end…
The UAE has become the first country in the world to certify a purpose-built commercial vertiport for electric air taxi operations, marking a major milestone in the development of next-generation urban transport. The General Civil Aviation Authority (GCAA) announced that VDX, developed by Skyports Infrastructure, has received regulatory certification for electric vertical take-off and landing (eVTOL) aircraft operations. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Located adjacent to Dubai International Airport, VDX will serve as the flagship hub of Dubai’s planned air taxi network, with three additional vertiports currently under development in partnership with…
BEIRUT — Christian-majority villages along Lebanon’s southern border have rejected Israeli Prime Minister Benjamin Netanyahu’s claim that they requested annexation by Israel. Israel, reaffirming their commitment to the Lebanese state and dismissing the remarks as “fabricated and completely detached from reality.” Mayors, clergy and community leaders from villages stretching across Lebanon’s border region told the Anadolu news agency they remain committed to their Lebanese identity, describing Netanyahu’s remarks as an attempt to sow division at a time when residents are struggling with continuing Israeli attacks and a worsening humanitarian crisis. The response came after Netanyahu claimed in a televised interview…
Traveling the world doesn’t have to be expensive. Many destinations offer incredible experiences at surprisingly affordable prices, allowing travelers to enjoy stunning landscapes, rich cultures, and unforgettable adventures without stretching their budgets. From the mountains of Nepal to the beaches of Sri Lanka and the historic streets of Vietnam, these countries prove that memorable travel is possible on almost any budget. Here are five of the best budget-friendly destinations to consider for your next trip. 1. Vietnam Vietnam has long been a favorite destination for budget travelers, thanks to its affordable prices, delicious street food, and extensive transport network. Once…