SEOUL — A South Korean court on Wednesday ordered the founder of Smilegate, a developer of video games including Crossfire, to pay his ex-wife 2.55 trillion won ($1.91 billion) in assets, marking the largest divorce settlement in the country’s history. The Seoul Family Court ruled that Kwon Hyuk-bin, 52, Smilegate’s chief vision officer, must transfer 35% of the unlisted company’s shares and cash to his wife Lee Hwa-jin, a court official said by telephone. This settlement is more than double the previous record of 944 billion won, which tech titan Chey Tae-won was ordered to pay his ex-wife.The court valued…
Author: Editorial Team
Making plans in Dubai does not have to mean setting aside hundreds of dirhams. Whether you are organising a family outing, catching up with friends or looking for something different to do after work, some options leave room in your budget. From a free quiz night to a Saturday brunch with change from Dh100, here are eight activities to try. Prices cover the activity, entry or package specified, with additional purchases charged separately. 1. Try a free gymnastics and dance class Children and teenagers can try Veo Fitness’s new rhythmic gymnastics and dance programme with Coach Sveta, with the first…
DUBAI, 9th September, 2026 (WAM) — Dubai World Trade Centre (DWTC) today set out its outlook for the remainder of 2026, with over 100 exhibitions, conferences and business events taking place across its two venues through year-end, alongside continued progress on the AED10 billion expansion of Dubai Exhibition Centre (DEC). The upcoming calendar reflects the continued commitment of organisers and the international business community to Dubai, with major events spanning technology, travel and tourism, energy, real estate, construction, beauty and sustainability. Together with the continued expansion of DEC, the programme reinforces Dubai’s long-term investment in the infrastructure and capacity required…
LONDON — Oil prices rose past $100 (£74) a barrel on Wednesday after further strikes in the US and Iran conflict and continuing Houthi attacks in Saudi Arabia. In back and forth attacks, the US hit five Iranian tankers in reprisal strikes after Tehran targeted one of its warships. Brent crude, which is the global benchmark for prices, has not been as expensive since the end of July, when a ceasefire between Iran and the US collapsed. Yemen’s Iran-backed Houthi movement also attacked oil facilities in Saudi Arabia on Tuesday and have been targeting tankers in the Red Sea. As…
Verizon and Corning recently agreed a multi-billion dollar fibre supply deal covering more than 80 million miles of high-density optical fibre and connectivity products. The timeline of this agreement is set to run from 2027 to 2032. The companies stated the agreement is designed to support surging demand for consumer broadband and converged services, alongside growing infrastructure needs from AI hyperscalers. Verizon Business CEO Kyle Malady noted securing fibre at this scale allows the operator to build “the network of the future” at an unprecedented level, combining mobile connectivity and broadband into a single, converged architecture. He said the deployment…
RIYADH — Saudi Arabia strongly condemned the continued unjustified Iranian attacks against Jordan, reiterating its solidarity with the Kingdom and its people in all measures taken in response to the attacks. In a statement issued by the Ministry of Foreign Affairs on Wednesday, Saudi Arabia denounced the Iranian attacks against Jordan in the strongest terms. The Kingdom described the attacks as a blatant violation of international law and the principles of good-neighborly relations. Saudi Arabia also stressed the importance of an immediate halt to Iranian attacks targeting Jordan and other countries in the region, and called for serious steps toward…
Sportswear giant Adidas has apologised after a campaign featuring a former Israeli soldier who lost a leg during his military service sparked widespread criticism and calls for a boycott. The controversy centred on Shalev Biton, an amputee runner who appeared in an Israeli campaign promoting the company’s Single Shoe service. The initiative allows people who require only one shoe, including amputees and those with limb differences, to purchase a single shoe instead of a pair. Biton lost his left leg after being wounded by an anti-tank missile while serving in the Israeli military near Gaza during the 2021 conflict. He…
ABU DHABI, 9th September, 2026 (WAM) — His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired a meeting of the Ministerial Council for Artificial Intelligence and Development, held at Qasr Al Watan, Abu Dhabi. The Council reviewed the Agentic AI Project’s strategy and updates, and other related national initiatives. During the meeting, His Highness Sheikh Mansour bin Zayed Al Nahyan affirmed that the UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President,…
ABU DHABI, 9th September, 2026 (WAM) — Bloom Holding, a master developer committed to curating premium communities that provide a high standard of living, has announced the launch of Alhambra, the final release of Bloom Living, its fully integrated and all-inclusive community in Abu Dhabi. Inspired by Mediterranean Spanish architecture, Alhambra features Souk Alhambra, which lies at the heart of the development and brings together retail and essential services, forming the social centre of Bloom Living and offering a carefully curated mix of everyday essentials. Carlos Wakim, CEO of Bloom Holding, said, “Alhambra marks a defining milestone for Bloom Living,…
Huawei has reportedly emerged as Malaysia’s preferred supplier for AI chips. The details specify that serious consideration is being given for the Chinese vendor to provide hardware for a MYR2 billion ($494.3 million) sovereign AI initiative. Bloomberg reported the country is leaning towards Huawei to drive its AI efforts, in a move which would prove unpopular with the U.S. government but be a significant victory for Chinese AI technology. Malaysia outlined a digital transformation project in October 2025 involving numerous initiatives including adopting blockchain, quantum computing and AI to give it more control over national data, while pledging to establish…