Ghitha Holding reported a 28 per cent year-on-year increase in revenue to Dh3.4 billion during the first half of 2026, supported by sustained demand across its food and agriculture businesses. Second-quarter revenue rose 34 per cent from a year earlier to Dh1.7 billion, indicating an acceleration in growth during the April-June period. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Gross profit increased 11 per cent to Dh666.2 million, supported by the higher revenue base and growth across the group’s diversified operations. Ghitha, a subsidiary of 2PointZero, operates across agriculture, food production, trading and distribution,…
Author: Editorial Team
DUBAI, 29th July, 2026 (WAM) — Dubai’s Roads and Transport Authority (RTA), in collaboration with Keolis MHI, operator of Dubai Metro and Dubai Tram, has undertaken a comprehensive overhaul of the tunnel ventilation systems (TVS) across all underground stations and associated facilities on the Red and Green Lines. The comprehensive rehabilitation programme aims to improve the operational performance of the ventilation systems and enhance air quality, thereby supporting the long-term safety of the Dubai Metro network. It also reflects RTA’s strategic efforts to maintain world-class service standards across the network. Dawood Alrais, Director of Rail Maintenance at RTA’s Rail Agency,…
ABU DHABI, 29th July, 2026 (WAM) — The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities. The Base Rate, which is anchored to the US Federal Reserve’s IORB, signals the general stance of monetary…
RIYADH — The Ministry of Municipalities and Housing has urged owners of shared residential facilities to comply with updated health and technical safety requirements. It stressed their responsibility to provide safe living conditions and maintain preparedness for emergencies. The ministry said evacuation routes and emergency exits must remain clear at all times and be equipped with illuminated directional signs and backup lighting systems that activate automatically during power outages. Emergency doors should also be fitted with mechanisms that allow easy opening from the inside without obstruction during evacuations. It also emphasized the importance of maintaining fire detection and firefighting systems…
Amazon Leo readies 5K satellites for D2D plan. Source: Tahawul Tech
RIYADH — Saudi Arabia’s Ministry of Finance welcomed the International Monetary Fund’s 2026 Article IV Consultation report, which said the Kingdom’s economy has remained resilient despite geopolitical tensions in the Middle East. The IMF said Saudi Arabia entered 2026 with strong momentum after its economy expanded by 4.6% in 2025, driven by the gradual unwinding of OPEC+ production cuts and robust domestic demand. The report also noted an improvement in the Kingdom’s fiscal position, with the non-oil primary deficit narrowing from 24.5% of non-oil GDP in 2024 to 23.3% in 2025. The report credited Saudi Arabia’s long-term planning and strategic…
Patients who need to lower their cholesterol will soon have a powerful new option. The Food and Drug Administration recently approved a new pill called enlicitide that can lower cholesterol levels substantially more than statins alone. The drug, which was developed by Merck and will be sold under the brand name Lipfendra, is expected to go on the market in the coming weeks. Here’s what to know. Q: How does the new pill compare with other cholesterol treatments? A: Lipfendra adds to the list of treatments that can lower low-density lipoprotein, or LDL, a form of cholesterol that, at high…
ABU DHABI, 29th July, 2026 (WAM) — Modon Holding PSC (Modon or the Group) today reported record first-half results for the six months ended 30 June 2026, building on the momentum established over the past two years. H1 2026 Group Highlights: • Group revenue reached a semi-annual record of AED 9.2 billion, a 40% year-on-year increase, driven by growth across multiple segments with accelerated development progress, a full half-year contribution from Arena following its acquisition in May 2025, improved hospitality performance, and resilient recurring leasing income. • Group Adjusted EBITDA¹ reached AED 3.0 billion and Group net profit AED 2.2…
Two participants won Dh100,000 each in Wednesday night’s UAE Lottery draw after matching five numbers and the Lucky Number in the latest Lucky Day Draw. The winning numbers for Lucky Day Draw 260729, held on July 29, were 4, 10, 11, 13, 18 and 31, while the Lucky Month Number was 7. According to results published by UAE Lottery, no winner was recorded for the Dh30 million Grand Prize or the Dh5 million Second Prize. Stay up to date with the latest news. Follow KT on WhatsApp Channels. However, two players secured the Dh100,000 third prize by matching five numbers…
RIYADH — The Muslim World League (MWL), the Gulf Cooperation Council (GCC), and several Arab countries strongly condemned the attempted attacks targeting oil facilities in Saudi Arabia’s Eastern Region. The organizations and countries reaffirmed their solidarity with the Kingdom and support for the measures it takes to safeguard its sovereignty, security, and stability. MWL strongly condemned the continued attacks by Iran-affiliated militias in Iraq against Saudi Arabia, including the attempted targeting of oil facilities in the Eastern Region. The Secretary-General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed bin Abdulkarim Al-Issa described the attacks as treacherous criminal…