SEOUL,, 3rd April, 2026 (WAM) — South Korea’s foreign reserves posted their sharpest monthly decline in about a year in March amid a stronger dollar and authorities’ efforts to manage exchange rate volatility, the central bank said Friday. Yonhap News Agency reported that the country’s foreign reserves stood at US$423.66 billion as of end-March, down $3.97 billion from a month earlier, according to the data from the Bank of Korea (BOK). It was the sharpest decline since April 2025, when the amount fell by $4.99 billion on-month. The reserves had fallen in December for the first time since June and…
Author: Editorial Team
Adrian DCunha is the Head of IT at Mai Dubai. He works primarily to drive digital transformation and operational excellence in company. With a 6+ year tenure, he has witnessed tremendous organisation growth and recently took the time to discuss it. How has Mai Dubai’s growth impacted the way operations are managed across the organisation? Mai Dubai’s rapid growth has required us to rethink how we manage our operations from end-to-end. As volumes increase, customers increase, and we expand into new regions or product lines, the complexity of operations grows. This pushed us to standardise workflows and reduce mounting paperwork.…
[Editor’s Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.] The UAE has noted with concern a recent press release by the Office of the United Nations High Commissioner for Human Rights (OHCHR), concerning the situation in the Middle East amid the ongoing US-Israel-Iran war, saying that it included a “misdiagnosis of restrictions” the country imposed to safeguard civilians. The OHCHR’s statement, published on April 1, 2026, included references to measures adopted by the UAE following the unlawful and unprovoked Iranian aggression since the beginning of the war. Since war erupted in the region on February 28,…
RIYADH — The number of visitors to Saudi Arabia’s entertainment sector has surpassed 89 million during the year 2025, according to the General Entertainment Authority (GEA). The authority said in its annual report for the regulatory affairs sector for 2025 that the total number of licenses issued last year reached 6,490. In addition, 472 entertainment destinations were licensed during the year, compared to 422 destinations in 2024, representing a 12 percent increase. The total number of active entertainment destinations reached 975, compared to 513 destinations in 2024. These figures reflect the scale of activity and growth witnessed by the entertainment…
TEHRAN — Iran on Thursday warned of “broader” and “crushing” attacks on the US and Israel in response to President Donald Trump’s latest threat to hit Iran “extremely hard” and bomb the Islamic republic “back to the Stone Ages” over the coming weeks. A spokesperson for Iran’s military said US-Israeli attacks on the country have been “insignificant”, claiming the two countries have “incomplete” information about Tehran’s military capabilities and equipment. The war, which erupted more than a month ago with US-Israeli strikes on Iran, has spread throughout the Middle East and roiled the global economy, impacting hundreds of millions worldwide.…
Sabya Sen, Vice President, IMEA & APAC, Alteryx. Move Comes as the Middle East and APAC Emerge as Global Hubs for AI Innovation and Enterprise Investment Dubai —Alteryx, Inc., a leading AI-ready data and analytics company, today announced the appointment of Sabya Sen as Vice President, IMEA and APAC, to lead its business across India, the Middle East, Africa, and Asia-Pacific (IMEA & APAC). In this role, Sen will focus on accelerating customer outcomes and scaling adoption of the Alteryx One platform across some of the world’s fastest-growing markets for AI and data innovation. Sen brings deep regional expertise and a strong track record of execution to this role. Most recently, he served as…
All masses and activities at the two Catholic churches in Dubai — St Mary’s Catholic Church in Oud Metha and St Francis of Assisi Catholic Church in Jebel Ali — are suspended from Friday, April 3, and will remain so until further notice. “Parishioners are requested to refrain from visiting the church premises, in the interest of safety and community well-being,” St Francis Church posted on its website on Thursday evening, citing directives from government regulatory authorities. “The church will remain closed and no livestream will be available,” it said. St Mary’s Church posted a similar announcement on its social…
RIYADH — The Saudi Capital Market Authority (CMA) has approved a regulatory framework for offering Special Purpose Acquisition Companies (SPACs) in the Nomu parallel market. This is through amendments to the Executive Regulation of the Companies Law for listed joint stock companies, the Rules on the Offer of Securities and Continuing Obligations, and the Glossary of Defined Terms used in the CMA’s regulations and rules. The amendments will come into force upon publication. The amendments aimed to diversify available investment products and encourage private sector companies to pursue listing, contributing to meeting financing needs, increasing offerings, and enhancing liquidity in…
RIYADH — The Saudi Capital Market Authority (CMA) has approved amendments to the Executive Regulation of the Companies Law for listed joint stock companies as part of enhancing the regulatory framework governing the removal of board members and the mechanism for determining and distributing profits in listed companies. The amendments aimed to establish clear controls for the removal of board members by the general assembly, strengthening corporate governance by enabling shareholders to exercise their rights, monitor board performance, enhance transparency, and improve investor protection, thereby supporting capital market stability. They also introduce greater flexibility in regulatory requirements related to distributable…
Abu Dhabi’s food safety authority has shut down a cafe located in the emirate’s Al Dhafra region for food safety violations. Desert Breeze Cafe, situated in the Madinat Zayed Western Souk, was found to have repeatedly violated food safety violations. The Abu Dhabi Agriculture Food Safety Authority also revealed the eatery had failed to implement effective corrective measures, necessitating an immediate intervention to safeguard food safety. The establishment’s practices posed a serious risk to public health. The authority recently shut down Index restaurant located in Mussafah Industrial in Abu Dhabi for violating food safety laws. Crackdown on businesses for violating…