MADRID — Saudi Arabia and Spain have signed a memorandum of understanding on the establishment of the Saudi-Spanish Strategic Partnership Council. The two countries also inked an agreement on the mutual visa exemption for holders of diplomatic, special and service passports. The pacts were signed during the meeting between the visiting Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and Spanish Minister for Foreign Affairs, European Union and Cooperation José Manuel Albares Bueno in Madrid on Wednesday. Their discussions focused on ways to further strengthen bilateral relations, elevate them to a strategic partnership, and advance the deep and growing…
Author: Editorial Team
SEOUL, 13th May, 2026 (WAM) — The Ministry of Investment has led a high-level delegation to the brotherly Republic of Korea to advance bilateral cooperation and unlock new partnership opportunities across the artificial intelligence (AI) and semiconductor value chain, reinforcing the UAE’s economic diversification agenda and its strategic focus on future-defining industries. The delegation was headed by Mohammad Abdulrahman Alhawi, Undersecretary of the Ministry of Investment. Abdulla Saif Al Nuaimi, UAE Ambassador to the brotherly Republic of Korea , also took part in the visit, which brought together a representative cross-section of the UAE’s technology and investment ecosystem, including AI…
For the last 104 years, one establishment in Dubai has quietly played a part in shaping the city. Built on generations of trust in this emirate and its rulers, ‘Uncle’s Shop’ began as a modest textile trading company in the bustling souk by a 13-year-old named Uttamchand Tulsidas Bhatia, lovingly called Vattra. Today the firm deals in building and construction materials and banking among other industries and is being run by the fourth generation of the Bhatia family. Last month, the company was honored with the ‘Best Private Sector’ entity award at the Erth Dubai Awards Ceremony for its role in…
MAKKAH — The Ministry of Interior took punitive measures against 14 Saudi citizens and five expatriates for violating Hajj laws and regulations. They were arrested at the entry points to Makkah while attempting to transport 29 individuals, who did not obtain permits to perform Hajj. The ministry issued administrative decisions against the violators through the seasonal administrative committees. The punitive measures include fines of up to SR100,000 against the transporters and anyone involved in the violations, in addition to imprisonment, and publicizing names of violators in the local media at their own personal expense. The penalties also include fines of…
Three times a week, patients stay seated for fours hours per session, connected to a machine that does what two kidneys can no longer do. For the four million people globally on hemodialysis, that rhythm is permanent. “We’re used to our kidneys working 24/7,” Dimitris Moulavasilis, Group Chief Executive Officer of M42, told Khaleej Times. “Haemodialysis patients are coming three times a week for the rest of their lives. Between sessions, the fluid doesn’t leave the body. They can gain two to three kilos. And health systems incur a cost for keeping them alive, before medications, hospitalisation and everything else.”…
SHARJAH, 13th May, 2026 (WAM) — Sharjah Entrepreneurship Centre RUWAD, affiliated with Sharjah Economic Development Department, recorded strong growth in support for entrepreneurial projects during the first quarter of 2026. Funding provided to businesses in Sharjah rose by 108 % year-on-year, reaching AED1.5 million, while government procurement contracts with member projects increased by 130.8 % to AED2.3 million. Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department, said the results reflect the growing maturity and specialisation of Sharjah’s entrepreneurial ecosystem. He noted that Emirati-led ventures are increasingly focusing on industry, innovation, advanced technologies, green economy initiatives, digital…
RIYADH — Hajj security forces arrested two Saudi citizens for transporting four Egyptians and one Pakistani resident, in violation of Hajj regulations and instructions. The citizens were caught while attempting to transport the residents into Makkah without obtaining Hajj permits. Legal procedures were taken against the arrested people. Public Security urged everyone to comply with Hajj regulations and instructions and to promptly report violators by calling 911 in the regions of Makkah, Madinah, Riyadh, and the Eastern Province, and 999 in all other regions of the Kingdom. Source: Saudi Gazette
Florian Douetteau, CEO and co-founder of Dataiku. UAE CEOs are the most likely globally (23%) to say AI decisions today could jeopardise their long-term legacy. Dubai — New global research from Dataiku, the Platform for AI Success, conducted by Harris Poll, reveals that Artificial Intelligence (AI) has become a defining test of CEO success, tenure, and legacy. Nowhere is this shift more pronounced than in the UAE, where CEOs increasingly believe their future in the role will be determined by their ability to deliver measurable, defensible outcomes from AI. The findings from the 2026 edition of Dataiku’s CEO Confessions Study show that 79% of UAE…
SHARJAH, 13th May, 2026 (WAM) — Invest Bank (INB) today announced its financial results for the quarter ended 31st March 2026, delivering strong growth in profitability supported by higher operating income, continued balance sheet expansion and sustained momentum across its core business segments. Profit Before Tax increased by 97% year-on-year to AED22.4 million, while Profit After Tax rose by 96% to AED21.8 million. Total operating income increased by 81% to AED112 million, driven by strong growth in both net interest income and non-interest income. The Bank continued to strengthen its financial position during the quarter, with total assets reaching AED15…
The UAE Lottery announced the results of its Lucky Day draw number 260513 as players took part in the game’s twice-weekly schedule. Here are today’s Lucky Day numbers and the Lucky Month number: Days: 9, 25, 2, 16, 23 and 5 Lucky Month: 7 No winner was recorded for the Dh30 million jackpot or the Dh5 million second prize. Stay up to date with the latest news. Follow KT on WhatsApp Channels Three players also won Dh50,000 each under the Lucky Chance feature. Their winning IDs were: BE2946839 AT1839187 AY2300136 Lucky Day draws are now held every Wednesday and Saturday,…