KUWAIT, 8th July, 2026 (WAM) — The UAE topped the list of Arab destinations for foreign direct investment (FDI) in 2025, attracting US$48.2 billion, representing 40.4 percent of the total. It also ranked first in the Arab world and 17th globally in Dhaman’s 2025 Composite Investment Climate Index, improving by two places compared with the 2024 index. According to UNCTAD estimates cited in Dhaman’s annual report, FDI inflows to Arab countries fell 10 percent to US$119.3 billion in 2025. More than 80 percent of total inflows were concentrated in three Arab countries, while the region’s share of global FDI declined…
Author: Editorial Team
[Editor’s Note: Follow Khaleej Times live blog after the signing of the MoU between the US and Iran.] The UAE has strongly condemned the Iranian attack targeting the Saudi-flagged crude oil tanker ‘Wedyan’ as it transited the Strait of Hormuz. The US Central Command earlier said that it renewed attacks on Iran in retaliation for strikes on three commercial vessels transiting the strait, including Marshall Islands-flagged M/T Al Rekayyat, Saudi Arabia-flagged M/T Wedyan and Liberian-flagged M/T Cyprus Prosperity. Iran’s Revolutionary Guards said it struck 85 targets in Bahrain and Kuwait after US retaliatory strikes on the Islamic Republic on Tuesday. Stay…
ANKARA — U.S. President Donald Trump has formally notified Congress of his administration’s intent to remove Syria from the U.S. list of state sponsors of terrorism, Secretary of State Marco Rubio announced on Wednesday. In a statement, Rubio said Trump informed Congress following the required 45-day pre-notification period. “Today, President Trump informed Congress of his administration’s intent to rescind Syria’s designation as a State Sponsor of Terrorism (SST), following a 45-day pre-notification period. This is yet another historic step by President Trump to give the Syrian people a chance at greatness,” Rubio said. He described the move as “a significant…
Dubai’s metro expansion is being built with the help of advanced engineering technology, as the Roads and Transport Authority (RTA) continues to use smart construction methods to improve speed, accuracy and efficiency. Latest techniques are being deployed in tunnelling works to support the emirate’s growing transport network and future infrastructure needs. In a video published on Wednesday, the RTA showed how, before the metro station is built, an engineering journey unfolds underground. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Months ago, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the…
JEDDAH — Canadian Prime Minister Mark Carney arrived in Jeddah on Wednesday. The visit marks the first by a sitting Canadian prime minister to Saudi Arabia in 26 years and comes as the two countries continue to strengthen bilateral ties following the gradual normalization of relations after the 2018 diplomatic dispute. Carney was received at King Abdulaziz International Airport by Prince Saud bin Mishaal, deputy emir of the Makkah Region; Finance Minister Mohammed Al-Jadaan, the accompanying minister; Saudi Ambassador to Canada Amal Al-Mualimi; Canadian Ambassador to Saudi Arabia Jean-Philippe Linteau. During the visit, Saudi and Canadian officials are expected to…
Artificial intelligence is moving beyond chatbots and productivity assistants. Across the UAE, organisations are beginning to deploy AI agents capable of supporting legal, finance, HR, procurement and customer operations. The technology is advancing rapidly, yet one question is becoming increasingly important: what governance should exist before AI is trusted with business-critical workflows? At Elchai Group, we have built an AI-native operating model where AI supports 52 defined business functions across the organisation. AI prepares work, analyses information and accelerates decision-making, but every external action remains under human accountability. No document, customer communication or regulatory submission leaves the organisation without approval from a named decision-maker through an independent control process. …
DUBAI, 8th July, 2026 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, congratulated four Emirati students from Dubai Schools – Al Khawaneej on winning the gold medal at the International Greenwich Olympiad, held in London from 14th to 20th June 2026. The competition brought together outstanding students from more than 80 countries. H.H. Sheikh Hamdan said, “Investing in young national talent is a strategic priority as we prepare future generations to lead in a rapidly changing world. Creative minds…
DUBAI, 8th July, 2026 (WAM) — Nestlé has officially inaugurated the SparX Innovation Hub at its new Head Office in Expo City Dubai. SparX combines the power of artificial intelligence with deep local insight to fuel growth through faster, smarter, and more impactful innovation. The hub leverages it to uncover emerging consumer opportunities, inspire breakthrough ideas, accelerate experimentation, and develop products, services, and experiences that create lasting value for consumers and the business across the region and beyond. The inauguration was attended by Reem AlHashimy, Minister of State for International Cooperation and CEO of Expo City Dubai Authority; Abdulla bin…
RIYADH — Saudi Arabia strongly condemned the armed attacks targeting police and military personnel in Pakistan’s Balochistan province that left several people dead. In a statement on Wednesday, the Ministry of Foreign Affairs reiterated the Kingdom’s firm rejection of all forms of terrorism and extremism and reaffirmed its support for Pakistan and its efforts to safeguard the country’s security and territorial integrity. The Kingdom also expressed its sincere condolences to the families of the victims and to the government and people of Pakistan. Source: Saudi Gazette
The day on Wednesday will be partly cloudy and cloudy at times northward and eastward, the National Centre of Meteorology has said. Light to moderate Southwesterly to Northwesterly winds will blow, freshening at times especially over the sea westward, with a speed of 10–25, reaching 40 kmph. Temperatures could be as high as 48ºC in the country. Mercury is set to rise to 41ºC in Abu Dhabi and to 40ºC in Dubai. Stay up to date with the latest news. Follow KT on WhatsApp Channels. However, temperatures could be as low as 30ºC in Abu Dhabi, 31ºC in Dubai and…