RAS AL KHAIMAH, 6th August, 2026 (WAM) — Ras Al Khaimah reinforced its growing position as a leading investment destination, recording capital investments exceeding AED771.5 million through 967 newly registered establishments during the first half of 2026. The emirate attracted 1,399 new investors representing 68 nationalities from around the world, underscoring its growing economic appeal. Dr. Rashid Khalfan Al Nuaimi, Director-General of the Ras Al Khaimah Chamber of Commerce and Industry, said these indicators reflect the positive performance of the local economy and the continued growth across various economic activities. Al Nuaimi said the emirate recorded the issuance and renewal…
Author: Editorial Team
RIYADH — Eleven civilians were injured in the southern Saudi region of Najran following Houthi terrorist attacks on Thursday, Coalition to Restore Legitimacy in Yemen spokesman Maj. Gen. Turki Al-Maliki said on Friday. Al-Maliki said the injured included seven Saudi citizens, among them a woman and a 4-year-old child who suffered second-degree burns, as well as a Yemeni resident, two Egyptian residents and a Pakistani resident. The coalition said the Houthi militia carried out the attacks using indiscriminate projectiles against civilian objects, describing the assaults as a flagrant violation of international humanitarian law and its customary rules through the deliberate…
MOSCOW — Ukraine struck two Russian oil refineries hundreds of kilometres from the border in an overnight attack, President Volodymyr Zelensky said on Thursday, as Russia hit a train station and commercial ship in Ukraine. Both sides have been intensifying their long-range attacks in recent months, leading to a jump in civilian deaths. Kyiv has been firing record numbers of drones at Russia, while Moscow has been launching all-time high missile attacks. Zelensky said Ukraine had hit oil refineries in the Bashkortostan and Yaroslavl regions, about 700 kilometers from the front. The attacks were “strengthening the prospects for diplomacy,” Zelensky…
Anthropic recently confirmed the formation of an in-house silicon team to design custom chips for its Claude AI model. This move is likely aimed at improving performance and efficiency as the demand for Anthropic’s services continues to rise. In a statement to Mobile World Live (MWL), Anthropic said it “is hiring engineers with experience across the stack”. The company stated this move will let it co-design hardware and models together, allowing Claude to run faster and more efficiently at the scale its customers need. Anthropic told MWL the effort is not a shift away from its existing hardware partners. The…
SHARJAH, 6th August, 2026 (WAM) — Sharjah’s real estate sector recorded transactions worth AED7 billion in July 2026, a 61.8 percent increase from AED4.4 billion in June, across 9,376 transactions, up 25.3 percent. The total area traded through sales transactions reached approximately 27.2 million square feet, reflecting continued investment momentum and growing confidence in the emirate’s real estate market. The Sharjah Real Estate Registration Department attributed the sector’s strong performance to ongoing infrastructure development, major development projects and a supportive legislative environment that continues to attract regional and international investors. Ownership certificate transactions topped activity with 4,049 transactions, followed by…
RIYADH — Prime Minister of Pakistan Muhammad Shehbaz Sharif arrived in Jeddah on Thursday for an official visit. Deputy Emir of Makkah Prince Saud bin Mishaal received Sharif at King Abdulaziz International Airport. Those who were present to receive him also include Minister of Environment, Water and Agriculture Abdulrahman Alfadley; Saudi Ambassador to Pakistan Nawaf Al-Malki; Pakistan’s Ambassador to Saudi Arabia Ahmad Farooq; and other senior officials. The visit of Sharif was in response to an invitation from Saudi Crown Prince and Prime Minister Mohammed bin Salman, according to Pakistan Television. Sharif will hold extensive talks with the Saudi Crown…
RAS AL KHAIMAH, 6th August, 2026 (WAM) — RAK Ceramics PJSC reported financial results for the second quarter ending 30th June 2026. Total revenue was AED822.8 million, a marginal decline of 0.5 percent YoY from AED826.8 million in Q2 2025. For H1 2026, total revenue stood at AED 1,583.5 million, down 1.2 percent compared to AED1,603.3 million in H1 2025. In Q2 2026, gross profit margin increased to 41.0 percent, compared to 40.6 percent in Q2 2025. For H1 2026, gross profit margin remained stable at 40.2 percent, in line with H1 2025. Strong demand across the UAE, KSA, and…
RIYADH — The Saudi Food and Drug Authority (SFDA) has issued a public warning against consuming three coffee and chocolate products containing ginseng after laboratory analyses revealed that the affected products contain Nortadalafil, a substance prohibited for use. The warning applies to all batches of Parsa Coffee (coffee with ginseng), Parsa Choco (dark chocolate with ginseng), and Bintan SKY (coffee with ginseng), all packaged in 100g sachets. The SFDA urges consumers to immediately stop using these products and safely dispose of any units in their possession, as they may pose health risks, particularly for individuals with chronic diseases. The authority…
RIYADH — Maj. Gen. Turki Al-Maliki, spokesperson of the Ministry of Defense, affirmed that the announcement of the Multinational Maritime Defense Coalition reflects a shared international understanding of the scale of threats facing maritime security and freedom of navigation, and embodies a collective responsibility to protect maritime routes and global economic interests. Maj. Gen. Al-Maliki said that the region and the world are facing real and emerging threats. “Every country has the right to take whatever military or political measures it deems necessary to protect its interests and address such threats,” he said. The spokesperson affirmed the existence of continuous…
Samsung targets memory dominance with latest tech. Source: Tahawul Tech