Archit Gupta, Founder and CEO, ClearTax. Global tax technology company strengthens its presence in Oman as the Sultanate prepares to begin phased e-invoicing implementation in August 2026 Dubai — ClearTax, a global tax compliance and e-invoicing technology company, today announced that Defmacro Software SPC, its Oman entity, has been officially accredited by the Oman Tax Authority as an E-Invoicing Service Provider under the Sultanate’s Fawtara programme. The accreditation authorises ClearTax to support businesses in Oman with the validation, exchange and reporting of electronic invoices in accordance with the technical and security requirements established by the Oman Tax Authority. The development…
Author: Editorial Team
KUWAIT CITY — An Iranian attack struck a building belonging to a Chinese company in northern Kuwait on Thursday, killing one worker and causing extensive damage, the Kuwaiti military said. Defense Ministry spokesperson Saud Al-Atwan described the incident as “Iranian aggression,” saying the strike hit the company’s building and resulted in significant material losses. He said the relevant authorities immediately launched the necessary response measures in coordination with other government agencies. The Kuwaiti Armed Forces said they would continue carrying out their duties and take “all necessary measures to protect the nation’s sovereignty and safeguard its security and stability.” Source:…
DUBAI, 30th July, 2026 (WAM) — Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30th June 2026, reporting a net profit before tax of AED443.2 million. Activity on DFM increased significantly during the first half of 2026, as investors traded more frequently and at greater value. Average daily traded value rose by 45.1% to AED1.004 billion and average daily trades increased by 35.4% to approximately 18,759, driving total traded value up by 40.4% to AED119.5 billion. This increase in liquidity and trading intensity was recorded even as market capitalization ended the period 1.4%…
RIYADH — Saudi Arabia recorded a SR34.3 billion ($9.1 billion) budget deficit in the second quarter of 2026 as government revenue rose 12% year-on-year, according to the Ministry of Finance’s quarterly budget performance report released Thursday. Total revenue reached SR338.8 billion ($90.3 billion) during the quarter, while expenditure rose 11% from a year earlier to SR373.1 billion ($99.5 billion). Oil revenue increased 22% year-on-year to SR185.1 billion ($49.4 billion), up from SR151.7 billion in the second quarter of 2025. Non-oil revenue also grew 3% to SR153.7 billion ($41 billion). The second-quarter performance lifted total government revenue for the first half…
Vikas Panchal, Sr. General Manager – MENA, Tally Solutions. Dubai — Tally Solutions, the leading international business management software provider for small and medium enterprises (SMEs), today announced that it has been officially listed as a fully Accredited Service Provider (ASP) by the UAE Ministry of Finance. The milestone reinforces Tally’s commitment to supporting the UAE’s digital transformation by enabling businesses to seamlessly adopt e-invoicing while simplifying compliance and driving business growth. As an ASP, Tally combines business management with integrated compliance, enabling businesses to generate compliant e-invoices directly from TallyPrime in line with the UAE Ministry of Finance’s e-invoicing framework. Customers using the latest release of TallyPrime with…
DUBAI — The US military announced on Thursday it had completed “a heavy wave of strikes against Iran” conducted in response to earlier Iranian attacks on American forces in the Middle East. Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed Thursday it targeted Al-Azraq Air Base in Jordan’s eastern desert with ballistic missiles, destroying three F-35 fighter jets and heavily damaging three others, according to Iranian media. The IRGC statement came hours after a missile struck a house on Qeshm Island, killing three people during a wave of US attacks across southern Iran, according to Mehr News Agency Following the US…
ABU DHABI, 30th July, 2026 (WAM) — e& Group recorded strong growth in its consolidated revenue during the first six months of this year, reaching AED38.1 billion, an increase of 11.6 percent compared with the same period last year. The positive momentum was reflected in the Group’s consolidated net profit, which reached AED6 billion, representing growth of 2.4 percent compared with the first half of last year, excluding the impact of the Maroc Telecom settlement and proceeds from the sale of the Group’s stake in Khazna during the first half of 2025. Earnings before interest, tax, depreciation and amortisation (EBITDA)…
ABU DHABI, 27th July, 2026 (WAM) — Power Slap, the world’s premier slap fighting promotion, announced its return to Abu Dhabi for its third consecutive year with Power Slap 25 presented by Monster Energy on Friday, 23rd October, at the Space42 Arena as part of Abu Dhabi Showdown Week. Power Slap has seen tremendous success over the last two years, captivating both local and international fans and creating global slap fighting stars. Power Slap events in 2025 and 2024 held at Space 42 Arena were sold out, and over 1.5 billion views across social media platforms through promotional and event…
Spider-Man is swapping New York’s skyscrapers for one of Dubai’s most famous landmarks this weekend. To celebrate International Spider-Man Day on Saturday, August 1, VOX Cinemas is hosting a free public event at Dubai Frame, where the Marvel superhero will appear to climb up the iconic structure as part of a live stunt and light show. Described as a first for the landmark, the event will see Spider-Man take over the Dubai skyline in what VOX Cinemas is calling a larger-than-life cinematic experience beyond the big screen. Stay up to date with the latest news. Follow KT on WhatsApp channels.…
JEDDAH — Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman sent cables of condolences to Emperor Naruhito of Japan following the earthquake that struck Kumamoto Prefecture in southwestern Japan, resulting in deaths, injuries, and missing persons. In his message, King Salman expressed his deepest condolences and heartfelt sympathy to the emperor, the families of the deceased, and the people of Japan. He also prayed for the safe return of the missing, a speedy recovery for the injured, and that Japan be spared any further harm. Crown Prince Mohammed bin Salman also conveyed his sincere…