DUBAI, 25th June May, 2026 (WAM) — Dubai Islamic Bank (DIB) today launched its ‘Unlocking Sustainable Finance’ Series, a new sector-focused platform designed to support priority industries in accelerating their transition towards a more sustainable and resilient economy. The inaugural edition, ‘Transitioning Real Estate’, brought together more than 80 senior stakeholders from across the built environment ecosystem, including policymakers, regulators, developers, contractors, architects, engineers, sustainability experts and supply chain leaders. The forum focused on one of the UAE’s most strategically important sectors, addressing how sustainable finance can help unlock more efficient assets, lower-carbon buildings, resilient infrastructure, circular supply chains and…
Author: Editorial Team
SEATTLE — Qatar crashed out of the 2026 FIFA World Cup after suffering a 3-1 defeat to Bosnia and Herzegovina in their final Group B match on Wednesday, ending their campaign with just one point. Karim Alajbegovic opened the scoring for Bosnia before Qatar goalkeeper Mahmoud Abunada scored an own goal, with substitute Ermin Mahmic adding a late third. Hassan Al Haydos scored Qatar’s only goal. The defeat left Qatar bottom of Group B with one point after opening the tournament with a 1-1 draw against Switzerland before suffering consecutive defeats against Canada and Bosnia and Herzegovina. Bosnia and Herzegovina…
WASHINGTON —The White House on Wednesday asked the US Congress to approve $87.6 billion in additional funding, mostly to meet “urgent needs” connected with the US war on Iran, setting the stage for another fight with lawmakers already frustrated with the conflict. The supplemental funding request, posted on the White House website and transmitted to Congress, includes $67.15 billion for the military, in addition to some $1 trillion appropriated last year and another $1.5 trillion President Donald Trump wants for next year. The White House Office of Management and Budget sent the formal request for the funds on Wednesday in…
RIYADH — Saudi Arabia’s merchandise exports increased by 9.3 percent in April 2026, driven by an 11.7 percent rise in oil exports, according to the General Authority for Statistics (GASTAT). The increase, based on GASTAT’s monthly reports,is in comparison with the same period in 2025. The Kingdom’s merchandise trade surplus increased by 100.8 percent year-on-year, with imports declining by 5.2 percent. Oil exports accounted for 68.8 percent of total merchandise exports in April 2026, up from 67.4 percent in April 2025. Non-oil exports, including re-exports, increased by 4.5 percent compared with April 2025. However, national non-oil exports, excluding re-exports, declined…
Raja Agrawal, VP-Middle East and Africa, Nebius. The AI cloud company deepens its regional push, with the Dubai-based hire leading go-to-market strategy across enterprises, governments, and research institutes. Nebius, the AI cloud company listed on Nasdaq, has appointed Raja Agrawal as Vice President for the Middle East and Africa, deepening its commitment to one of the world’s fastest-growing AI and cloud markets. Based in Dubai, Agrawal leads the company’s go-to-market strategy for the region, expanding customer adoption across enterprises, governments, research institutes and the public sector. Agrawal brings more than two decades of experience at the intersection of enterprises and…
The weather on Friday, June 26, is expected to be fair to partly cloudy at times, with low clouds set to appear over the eastern coast, according to a forecast by the National Centre of Meteorology (NCM). Residents can also expected a drop in temperatures. Conditions are likely to get humid by night and Saturday morning, with a probability of mist formation over some coastal and internal areas. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Light to moderate southwesterly to northwesterly winds are set to blow, freshening at times westward, causing blowing dust, with…
RAS AL KHAIMAH, 25th June May, 2026 (WAM) — FlyVaayu, the UAE’s first dedicated freight carrier based in Ras Al Khaimah, has opened its AMO CAR 145 facility at Ras Al Khaimah Airport. The facility was formally inaugurated by Sheikh Engineer Salem bin Sultan Al Qasimi, Chairman of the Department of Civil Aviation, Ras Al Khaimah, in the presence of Manish Seth, CEO of RAK Airport; Engineer Esmaeel Hassan Alblooshi, Director-General of the RAK Transport Authority and Acting Director-General of the Department of Civil Aviation, Ras Al Khaimah; Dr. Rashid Khalfan Al Nuaimi, Director-General, RAK Chamber of Commerce and Industry;…
TASHKENT, 25th June May, 2026 (WAM) — Investopia convened Investopia Global – Tashkent on the sidelines of the Tashkent International Investment Forum (TIIF 2026), bringing together senior government officials, investors, private sector leaders, and entrepreneurs from the UAE and Uzbekistan to deepen economic cooperation and explore new pathways for investment and business partnerships. The UAE delegation to TIIF 2026 was led by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, with the participation of senior representatives from UAE government entities, investment institutions, and private sector companies, including the UAE Ministry of Investment. Investopia Global – Tashkent reflected the…
DUBAI — Oil prices fallen to levels before the US-Israel war on Iran as traffic through the Strait of Hormuz shipping route gradually resumes, raising expectations of supply from the Middle East outweighed demand concerns. The price of Brent crude has reached its lowest since February 27, before the war started. Prompt-month Brent crude futures for August delivery fell $1.06 (1.44 percent) to $72.68 a barrel by 06:39 GMT, while US West Texas Intermediate (WTI) lost 76 cents (1.08 percent) to $69.58 a barrel. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at…
BRUSSELS, 25th June, 2026 (WAM) — The Council of the European Union today formally approved regulations implementing the tariff commitments set out in the joint statement issued by the European Union and the United States on 21st August 2025. Under the new measures, the remaining customs duties on US industrial goods will be eliminated, while preferential market access will be granted to certain seafood products and non-sensitive agricultural goods through tariff-rate quotas and tariff reductions. The regulations also extend the suspension of customs duties on lobster imports, including processed lobster products. The regulations further include enhanced safeguard mechanisms, enabling the…