ABU DHABI, 5th August, 2026 (WAM) — IHC today announced its financial results for the six-month period ended 30th June 2026. IHC reported revenue of AED64.9 billion, representing an increase of 34.5% year-on-year, while profit after tax reached AED26.2 billion, compared with AED8.9 billion in the corresponding period of 2025. Gross profit increased by 41.0% to AED16.8 billion, and earnings per share rose to AED8.21. According to a press statement issued by the company today, the results reflect continued growth across several of the Group’s operating sectors, alongside the contribution from IHC’s investment activities and active portfolio management. Revenue growth…
Author: Editorial Team
JEDDAH — Active winds raising dust and sand are expected to affect parts of the Makkah and Madinah regions from Wednesday through Friday, accompanied by high waves along parts of the Red Sea coast, according to the National Center for Meteorology (NCM). According to a forecast map issued by the NCM, the weather conditions are expected to affect areas between Yanbu and Al-Qunfudhah from August 5 to August 7, particularly along the coastal road connecting the two cities. The NCM said the active winds are expected to reduce horizontal visibility due to blowing dust and sand over parts of the…
WASHINGTON — A wayward part from a SpaceX Falcon 9 rocket weighing an estimated four tons and traveling at more than 5,000 miles per hour was expected to have unintentionally crashedinto the moon early Wednesday morning in a rare case of a man-made collision with the lunar surface. The part is from the second stage of a SpaceX Falcon 9 rocket and has been floating in space since last year. The Falcon 9 rocket lifted off on January 15, 2025, carrying two robotic commercial landers. While its first stage — the booster used for liftoff — returned to Earth, its…
AJMAN, 5th August, 2026 (WAM) — Sheikh Humaid bin Ammar Al Nuaimi, Member of the Executive Council and Leader of the Ajman Artificial Intelligence Programme, announced the launch of the programme’s executive phase, marking the start of its institutional implementation across government entities. The move follows the completion of the programme’s Enablement and Governance Committee; the organisation of the Executive Team; the announcement of the programme’s launch; the issuance of the executive orders regulating the commencement of work and setting the applicable timelines, and the inventory of existing AI use cases across government entities. Sheikh Humaid said the phase aims…
ABU DHABI, 5th August, 2026 (WAM) — The Federal Tax Authority (FTA) has confirmed that the Digital Tourist VAT Refund System continues to expand across the UAE, delivering strong operational results during the first half of 2026. The number of retail outlets registered with the Authority and electronically connected to the system rose by 5.9% to approximately 19,340 outlets by the end of June 2026, compared with 18,260 outlets at the end of the first half of 2025. The FTA added that 449 retail outlets were connected to the system during the first six months of 2026, compared with 697…
Residents and visitors can enjoy specially curated dishes for just Dh10 at more than 170 restaurants across over 700 locations in Dubai as the popular Dh10 Dish campaign returns as part of Dubai Summer Surprises (DSS). Running until August 30, the month-long initiative includes participating restaurants across malls, cafés, food halls and neighbourhood dining destinations. No bookings or vouchers are required; customers can simply visit participating outlets and request the Dh10 dish. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Here’s the list of participating restaurants; Something savoury? The Daily at Rove Hotels: Rove Poke…
ATHENS — The man accused of killing a Scottish aid worker and disposing of her body in a suitcase has appeared in a court in Athens. The 26-year-old is accused of killing Elisabeth-Jane Ross, 38, who was discovered by a homeless man in a derelict building in the Kypseli area of the Greek capital on July 18, days after she had been reported missing. Sharif Ahmadzai, who is of Afghan origin, arrived at the Public Prosecutor’s Office at the Athens Court of First Instance for a hearing on Wednesday morning in an unmarked car, alongside a number of police officers.…
The government of India is reportedly planning to offer longer tax exemptions to foreign technology companies. This news is speculated to be part of a bid to convince these manufacturers to invest in the country and set up manufacturing hubs that rival China. Financial Times (FT) reported the proposed boosted tax exemptions were submitted to parliament on the 4th of August 2026, with finance minister Nirmala Sitharaman stating they should be pushed through with urgency to “provide ease of doing business and tax certainty”. The government has tabled a proposal which would extend tax exemptions by a decade through to…
JAKARTA — Authorities in Indonesia have arrested a second Malaysian in less than a week for allegedly smuggling methamphetamine and ecstasy pills into the country, a crime that carries the death penalty in the Muslim-majority Southeast Asian nation. A 22-year-old identified only as “DI” was detained in Surabaya, Indonesia’s second-largest city, on Monday shortly after landing on a flight from Kuala Lumpur, airport security task force head Novi Manunggal said in a statement. Acting on a tipoff, officials at the airport found “methamphetamine and ecstasy pills attached to the suspect’s body,” Novi’s statement said. “DI” was found with four packs,…
A weekend can feel surprisingly long when you’re surrounded by mountains, turquoise waters and winding coastal roads. With Oman announcing a new free 14-day tourist visa for eligible travellers, there’s never been a better time for UAE residents to swap skyscrapers for dramatic landscapes and quiet villages. Whether you’re looking for adventure, relaxation or simply a change of scenery, Oman offers all three within a few hours’ drive from the UAE. From ancient forts and mountain viewpoints to crystal-clear wadis and freshly grilled seafood, here’s how to make the most of a 48-hour escape. Before you hit the road Before…