RIYADH — The Saudi Central Bank (SAMA) has decided to raise the repurchase agreement (repo) rate by 25 basis points from 425 basis points to 450 basis points and reverse repurchase agreement (reverse repo) rate by 25 basis points from 375 basis points to 400 basis points. This decision is in line with SAMA’s mandate of preserving monetary stability. This comes after the US Federal Reserve raised its benchmark interest rate by 25 basis points on Wednesday, bringing it to a range of 3.75 percent to 4.00 percent, compared to its previous range of 3.50 percent to 3.75 percent. The…
Author: Editorial Team
UAE Lottery’s Wednesday night Lucky Day draw results have been announced, revealing the winning numbers for the Dh30 million grand prize, Dh5 million for the second prize and three Lucky Chance winners, each taking home Dh50,000. Hosted by Diala Makki, draw number 260916 was held live at 9.30pm on September 16. The winning Lucky Chance IDs for Dh50,000 were BV4673747, CF5672425 and CE5554332. For the Dh30 million jackpot, players have to pick 6 numbers from the Days section and one number from the Month section. September 16’s numbers in the Days section were 23, 29, 2, 9, 17 and 7.…
DUBAI, 16th September, 2026 (WAM) — As electric mobility enters a defining period of global growth, the technologies transforming transportation are becoming increasingly connected. Electric vehicles now sit within a wider ecosystem spanning charging infrastructure, batteries, energy systems, fleet solutions, software, automation, and smart city development. For industry professionals and mobility enthusiasts, understanding how these areas converge has never been more important. At the center of this transformation, Electric Vehicles Exhibition and Conference 2026 (EV World) brings the global mobility ecosystem to Dubai World Trade Centre from 10–12 November 2026. Organised in strategic partnership with Dubai’s Roads and Transport Authority…
NEW YORK, 17th September, 2026 (WAM) — The US dollar rose against a basket of currencies today following the Federal Reserve’s decision to raise interest rates to a range of 3.75% to 4%. The dollar index rose 0.3% to 99.961 points, reaching its highest level in about five weeks. The euro fell 0.3% to $1.1502, while the British pound declined 0.5% to $1.34155. The dollar gained 0.3% against the Japanese currency to 155.49 yen. Source: Emirates News Agency
DUBAI, 16th September, 2026 (WAM) — The GCC will stage six tournaments on the DP World Tour’s 2027 global schedule, which was announced today. The region hosts four consecutive weeks of golf at the start of the calendar year, and the Race to Dubai will again end in the UAE in November. The Gulf run begins with the Team Cup at Abu Dhabi Golf Resort from 15th to 17th January, bringing team match play to the start of the calendar year. The Tour then moves to Emirates Golf Club for the 38th Hero Dubai Desert Classic from 21st to 24th…
RIYADH — The Organization of Islamic Cooperation (OIC) and Arab League joined several Arab and Islamic countries and organizations in strongly condemning the Houthi terrorist attack targeting the holy city of Makkah. The OIC, which groups 57 Muslim countries, condemned the attacks against Makkah, saying they endangered civilians, violated the sanctity of holy sites and mosques and provoked the sentiments of Muslims around the world. Arab League Secretary General Nabil Fahmy condemned the attempted UAV attack on Makkah, following the Kingdom’s interception and destruction of the hostile aircraft south of the city before it could breach the holy site’s restricted…
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence and Chairman of the Executive Council of the Emirate of Dubai, offered his condolences to the families of the late Major Abdullah Shamis Al Menhali and Officer Cadet Saeed Abdullah Al Shamsi, who were martyred while carrying out a training mission in the UAE. During his visits to the mourning majlises in Al Ain, Sheikh Hamdan expressed his sincere condolences and heartfelt sympathy to the martyrs’ families. He prayed to Almighty Allah to bestow His abundant mercy upon them, grant them…
Indian storyteller Laksh Maheshwari is bringing his live show Khushiyan – A Journey to Find Joy to Dubai this September. The show will take place at Sheikh Rashid Auditorium, Indian High School, on September 26, following performances across India and other international cities. Khushiyan centres around a simple question: what truly makes us happy? Laksh explores the idea through humour, personal experiences, memories and observations from everyday life. Before taking his storytelling to the stage, Laksh built an online following under the name “Single.Handedly”, where he shared stories influenced by poetry, Sufi philosophy and his own experiences. He later became an author, publishing The…
RAS AL KHAIMAH, 16th September, 2026 (WAM) — A new study by researchers from the American University of Ras Al Khaimah (AURAK) has identified the critical barriers that must be addressed before air taxis can become a viable mode of urban transportation in emerging economies. The research provides a structured framework that can help governments, regulators, investors, and industry stakeholders develop effective strategies for introducing Urban Air Mobility (UAM) safely and successfully. Published in the International Journal of Mathematical, Engineering and Management Sciences, the study, Analyzing the Barriers of Adopting Air Taxis in Emerging Economy Context: A Decision-Making Framework, was…
DUBAI, 16th September, 2026 (WAM) — H.H. Sheikh Mohammed bin Rashid bin Mohammed bin Rashid Al Maktoum today opened GISEC Global 2026, the largest and most influential cybersecurity event in the Middle East and North Africa, which runs until 18 September at Dubai Exhibition Centre, Expo City Dubai. H.H. toured the exhibition and was briefed on some of the latest technologies and innovative solutions in cybersecurity. He was accompanied by Hamad Obaid Al Mansoori, Director General of Digital Dubai; Lieutenant General Awad Hader Al Muhairi, Vice President of the State Security Department in Dubai; His Excellency Lieutenant General Tamim Al…