Spinneys reported a 2.5 per cent increase in first-half profit to Dh175 million and approved an interim dividend of Dh122.4 million, as new store openings and higher online and fresh-food sales helped lift revenue. Revenue for the six months ended June 30 rose 5.1 per cent to Dh1.91 billion, from Dh1.82 billion a year earlier. Adjusted EBITDA increased 1.2 per cent to Dh369 million, while profit before tax was broadly stable at Dh203 million. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The board approved an interim dividend of 3.40 fils per share, equivalent to…
Author: Editorial Team
SHARJAH, 11th August, 2026 (WAM) — Shamsa Entertainment City has opened in Aljada as part of the Sharjah Summer Promotions 2026 campaign, offering interactive activities and open-air entertainment for families. Jointly organised by the Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Commerce and Tourism Development Authority (SCTDA), the venue will run until 5th September under the theme “Shamsa Festival – Where Joy Shines”. Sharjah Summer Promotions 2026 covers Sharjah City, the Central Region and the East Coast destinations of Khorfakkan, Kalba and Dibba Al Hisn, with the campaign aimed at boosting retail and tourism activity across the…
Former US President Barack Obama is turning the page on a new chapter in audio storytelling. He is set to host ‘A Great Book with Barack Obama’, a six-part podcast series exploring the books that shaped his worldview as a young man. Produced by the Obamas’ Higher Ground production company, the series will debut exclusively on Audible on September 24. In the intimate new format, Obama will revisit literary works that prompted him to think more deeply about race, family, faith, politics and American society — subjects that have long informed both his personal story and public life. The reading…
ABU DHABI, 11th August, 2026 (WAM) — ADI Chain and Shipfinex have entered an exclusive partnership to establish the first regulated, institutional-grade tokenised maritime asset class, creating a new on-chain market for vessel-backed finance, charter-linked income and economic interests in ships. Maritime Asset Tokens developed under the partnership will be issued through a regulated route and made available exclusively on ADI Chain. Although maritime transport carries over 80 percent of international trade in goods by volume, investment in the vessels supporting that economy remains concentrated among shipowners, banks and specialist financial institutions. This creates a significant financing opportunity. The commercial…
NTT Docomo and Samsung Electronics announced the recent validation of AI-RAN technology which helps optimises user experience at an individual level to cut service issues. The pair went on to assert that this feat is an important step towards predictive architecture expected to be prevalent in 6G. The companies explained the technology tested in a trial earlier this year in Japan uses AI to analyse a user’s movement patterns and behaviour to predict potential service degradation before it happens. Rather than applying the same network configuration to every device connected to a base station, the technology tested is meant to…
NUKUS, 11th August, 2026 (WAM) — The International Centre for Biosaline Agriculture (ICBA), with support from Abu Dhabi Fund for Development (ADFD) and in collaboration with the Agency for Innovative Development under the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan, has launched the Farmers’ and Agro-Entrepreneurs Accelerator in Nukus. The one-month programme is being implemented under the ADFD-funded project “Development of Sustainable Agricultural Production Systems in Degraded Areas of Karakalpakstan”. The programme, delivered at Youth Technopark in Nukus, will support 200 farmers and agro-entrepreneurs in developing value-added products and strengthening their capabilities in agribusiness management…
RIYADH — The National Center for Meteorology (NCM) has warned of light rain accompanied by active winds, reduced horizontal visibility, and thunderstorms in the Riyadh region on Wednesday. The center indicated that the rainy weather conditions, which will begin at 12:00 AM and last until 8:00 PM, will affect the governorates of Al-Aflaj, Al-Sulayyil, Wadi Al-Dawasir, Al-Rayn, Al-Quway’iyah, Al-Hariq, Al-Kharj, Al-Dalam, Al-Muzahmiyah, and Hawtat Bani Tamim. Source: Saudi Gazette
Dubai’s Indian community will mark India’s Independence Day on Saturday, August 15, with cultural performances, special menus and family activities taking place across the city. This year marks India’s 80th Independence Day, and venues across Dubai are hosting events for the occasion. Whether you want to spend the weekend listening to ghazals and Qawwali, sit down for an Indian feast or turn the celebrations into a family staycation, here are some of the options to check out. Stay up to date with the latest news. Follow KT on WhatsApp Channels. 1. Catch three days of Indian music and storytelling For…
Nvidia has recently joined forces with some of Wall Street’s largest banks and investors to raise $500 billion in capital for AI infrastructure development. The chipmaker said it had struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and that the investors were for the first time treating AI hardware and infrastructure, often referred to as “compute”, as an asset class. “In AI, compute is revenue”, Nvidia chief executive Jensen Huang said. “We are bringing the world’s leading long-term capital providers together to independently underwrite AI infrastructure”. The financing will go towards Nvidia’s own projects and those being…
For nearly two years, Abdul (name changed), a 42-year-old corporate executive, struggled with severe tiredness, weight gain and brain fog that made it difficult for him to focus at work. He thought the problem was workplace burnout. He was also treated for depression, but his symptoms did not improve. Further tests later showed that he had low morning testosterone and undiagnosed sleep apnoea. Once the sleep disorder was treated, his hormonal balance improved. Stay up to date with the latest news. Follow KT on WhatsApp Channels. In another case, a 38-year-old man believed his persistent headaches and low libido were…