RIYADH — Ministry of Industry and Mineral Resources issued 322 new industrial licenses and announced the start of production of 188 factories during April 2026, according to the ministry’s National Center for Industrial and Mining Information. The report showed that after the Ministry of Industry and Mineral Resources issued the licenses, the total number of industrial establishments in the Kingdom reached 13,660 by the end of April, up from 12,289 in April 2025, reflecting continued growth in Saudi Arabia’s industrial sector. According to the report, the new industrial licenses issued during April are associated with investments exceeding SR12.33 billion and…
Author: Editorial Team
TEHRAN — Iran’s Foreign Ministry said Tuesday that Tehran’s missile capabilities have not figured in negotiations with the United States in Switzerland. Speaking during a weekly press briefing, Iran’s Foreign Ministry spokesman Esmaeil Baqaei emphasized that ballistic missile capabilities remain outside the scope of current diplomatic engagement with Washington. “Iran’s missile capabilities were not part of the negotiations with the United States,” he said, according to Iranian state media. The spokesman declined to elaborate on specific defense systems but left no ambiguity regarding Tehran’s stance on the matter. He also said Tehran does not intend to allow IAEA inspectors access…
Dubai Safari Park has become the latest major attraction in the emirate to close for the summer, joining a list of popular outdoor destinations that pause operations during the hottest months of the year. The wildlife park recently wrapped up its seventh season after welcoming 144 newborn animals and more than 27,000 students through its educational programmes. It will reopen later this year for its eighth season. With temperatures rising across the UAE, several seasonal attractions have already closed or are preparing to shut their doors until autumn, when cooler weather allows visitors to return. Stay up to date with…
AMMAN — Saudi Foreign Minister Prince Faisal bin Farhan met on Monday with his Algerian counterpart on the sidelines of the 165th ordinary session of the Council of the League of Arab States at the ministerial level. During the meeting, Prince Faisal and the Algerian Minister of State, Minister of Foreign Affairs, National Community Abroad and African Affairs Ahmed Attaf, discussed regional developments and ongoing efforts to address them. The two officials also reviewed bilateral relations. Source: Saudi Gazette
ABU DHABI, 23rd June, 2026 (WAM) — The UAE Cybersecurity Council (CSC), in cooperation with Amazon Web Services (AWS), CrowdStrike, and e&, today celebrated the successful completion of the first cohort of the AWS/CTIB Cybersecurity Startup Accelerator Programme at a closing ceremony held at Grand Hyatt Abu Dhabi. The event marked the first time that the initiative’s leading commercial supporters have gathered in person since the programme’s launch at GITEX Global in October 2025. The multi-year government-backed initiative, a core component of the UAE Cybersecurity Technology Innovation Bureau (UAE CTIB) and the UAE National Cybersecurity Strategy, sets an ambitious goal…
ABU DHABI, 23rd June, 2026 (WAM) — The Abu Dhabi Securities Exchange (ADX) Group today welcomed the listing of the Chimera Solactive GCC Shariah Dividend ETF (GCCDIV), marking the fourth listing of the year. Developed by Abu Dhabi-based global investment manager Lunate, this first-of-its-kind exchange-traded fund tracks high-performing, income-generating, Shariah-compliant equities across the Gulf Cooperation Council (GCC). The listing marks the 24th ETF on the ADX, further cementing the exchange’s position as the most active and liquid ETF hub in the Middle East. This launch is the latest milestone in opening access to the GCC’s rapid economic expansion. By offering…
MONTREAL — A gunman opened fire in a residential neighborhood in the Canadian city of Montreal on Monday, prompting a shootout with police that killed at least three people, sent families running for cover and paralyzed the city for hours. A police officer, a civilian and the armed assailant were among the dead, according to the police. Another police officer was severely injured and was reportedly in stable condition. The brazen midday shooting, which law enforcement sources believe was a targeted attack on police, marks the first time a Montreal officer has been killed in the line of duty in…
e& UAE has announced a new milestone with the successful deployment of 5G-Advanced (5.5G) connectivity at the world’s tallest hotel, Ciel Dubai Marina, in the heart of Dubai Marina. This deployment delivers ultra-fast, low-latency indoor connectivity. It positions the UAE at the forefront of global 5.5G innovation and reinforces e& UAE’s commitment to delivering world-class digital infrastructure for iconic landmarks. Abdul Rahman Al Humaidan, Senior Vice President of Access Network Development, e& UAE, said: “This latest achievement demonstrates our dedication to providing landmark destinations with world-class 5.5G infrastructure. This deployment supports richer guest experiences and more efficient connected operations, while reinforcing the…
Women entrepreneurs launching or growing a business in the UAE can now access a package of banking and business support benefits, including 12 months of waived maintenance fees, through a new initiative from RAKBANK. The lender’s “She Means Business” initiative waives monthly maintenance fees for up to a year for eligible women founders who open and activate a business account before December 10, 2026. The package is available to new customers operating as sole proprietors or individual LLCs and includes a zero-balance business account with no minimum balance requirement. Stay up to date with the latest news. Follow KT on…
A Dubai woman recently sold her wedding gold to begin building a collection of Hermès handbags, reflecting what one luxury reseller says is a growing trend among buyers seeking alternative ways to preserve wealth during uncertain economic times. According to Love Luxury, a designer resale business with stores in Dubai and London, demand from customers purchasing Hermès bags primarily as investments has risen significantly over the past year. “Over the last few months, we’ve noticed a new wave of clients who are entirely interested in making purchases to invest their money rather than as a fashion purchase,” said Adam Abraham,…