SEOUL, 3rd May, 2026 (WAM) — Industrial sources in South Korea reported today that the founding family of the Samsung Group has completed the payment of inheritance taxes amounting to approximately 12 trillion won ($8 billion) on the assets left by the late Chairman Lee Kun-hee. These payments, which were scheduled to be settled over a five-year period starting from 2021, mark the conclusion of one of the largest inheritance tax obligations in South Korean history. According to the sources, Lee Jae-yong, the late chairman’s only son, along with other heirs, funded the tax burden by selling additional shares in…
Author: Editorial Team
DUBAI, 3rd May, 2026 (WAM) — The Dubai Department of Economy and Tourism (DET) will showcase the emirate’s advanced, future-ready manufacturing ecosystem at the Dubai Pavilion during ‘‘Make it in the Emirates 2026’,’ the fifth edition of the UAE’s flagship industrial forum, taking place from 4–7 May at ADNEC Centre Abu Dhabi. The participation comes at a time when Dubai continues to demonstrate operational continuity and economic resilience, reinforcing its position as a stable and globally connected industrial hub. Held under the theme ‘Advanced Industry. Emerging Stronger’, the forum reflects the UAE’s commitment to building a sustainable, technology-driven industrial base…
RABAT — Two U.S. service members went missing near the Cap Draa Training Area close to Tan Tan in Morocco while participating in the multinational African Lion 2026 exercise, according to US Africa Command. In a statement, the command said U.S., Moroccan and other multinational forces have launched coordinated search and rescue operations involving ground, air and maritime assets. It added that the incident remains under investigation and that the search efforts are ongoing. Media reports said the service members went missing in an accident unrelated to the exercise. African Lion 2026, one of the largest military drills on the…
ABU DHABI, 3rd May, 2026 (WAM) — Omar Al Nuaimi, ADNOC’s Acting Group Chief, Commercial and ICV, stated that ADNOC is moving into a new phase of accelerated, world-scale delivery to meet rising global energy demand. ”ADNOC is proud to continue reinforcing our role as a catalyst of the UAE’s industrial growth and an enabler of the Make it in the Emirates initiative,” he told the Emirates News Agency (WAM) on the sidelines of ‘Make it With ADNOC’ Forum, held ahead of the Make it in the Emirates 2026. ”As part of this effort, we announced today at the ‘Make…
The weather in the UAE on May 4, 2026, is set to be fair in general, according to the National Centre of Meteorology (NCM). Residents can expect a decrease in temperatures in general on Monday. Here are the highs and lows in Abu Dhabi, Dubai and Sharjah as predicted by the NCM. Abu Dhabi: High — 39°C; low — 25°C. Dubai: High — 38°C; low — 25°C Sharjah: High — 38°C; low — 24°C Stay up to date with the latest news. Follow KT on WhatsApp Channels Light to moderate northwesterly to southwesterly winds will blow with a speed of…
RIYADH — The General Directorate of Passports has made it possible for the Hajj pilgrims to obtain a digital visitor ID to travel anywhere within Saudi Arabia. The ID serves as an official document, eliminating the need for carrying a paper passport. The directorate said that the Hajj pilgrims can register on the Ministry of Interior’s Absher platform to obtain a digital visitor ID, facilitating safe and easy movement within the Kingdom. The directorate explained that the digital visitor ID is an officially recognized document that allows pilgrims to move around easily and safely during their stay in the Kingdom.…
ABU DHABI, 3rd May, 2026 (WAM) — Khalifa Fund for Enterprise Development (KFED) is participating in ‘Make it in the Emirates’ 2026, held under the theme ‘Emerging Stronger’, at ADNEC Centre Abu Dhabi from May 4 to 7, 2026. This participation reflects KFED’s ongoing commitment to strengthen the entrepreneurship ecosystem, empower startups and small and medium-sized enterprises (SMEs), and make meaningful inroads in advancing the industrial sector and boosting its competitiveness. Through a range of evolving programmes, initiatives, and strategic partnerships showcased during the event, KFED reaffirms its commitment to deliver effective programs that empower national ventures and connect them…
The credit rating agency Fitch Ratings has ranked Abu Dhabi among the lowest government debt and highest sovereign net foreign assets. At the end of 2025, government debt was well below the peer median of 50.3 per cent, at 19.5 per cent of GDP. Fitch said it expects this to rise to 25.3 per cent in 2026 due to higher war-related borrowing, before stabilising post-war. The agency affirmed Abu Dhabi’s rating with a stable outlook, citing the emirate’s high GDP per capita and strong fiscal and external metrics. This includes its Long-Term Foreign-Currency Issuer Default Rating (IDR), which it gave…
KYIV — Russia and Ukraine accused each other on Sunday of killing civilians in overnight air and drone attacks, as the conflict continues to escalate on multiple fronts. In Ukraine, Odesa region Governor Oleh Kiper said two people were killed and five others injured in Russian strikes targeting civilian and port infrastructure. “The enemy continues to strike at the civil and port infrastructure of the Odesa region,” Kiper said on Telegram. Ukrainian President Volodymyr Zelenskyy said Kyiv had targeted two oil tankers in the Russian port of Novorossiysk, describing the strikes as part of efforts against Russia’s “shadow oil fleet.”…
AMMAN — The Jordanian Armed Forces carried out airstrikes early Sunday targeting suspected drug and arms smuggling sites along the northern border in southern Syria, according to the Petra. The military said the operation hit facilities and warehouses used as launch points for smuggling operations into Jordan, adding that the targets were identified through intelligence and destroyed in precision strikes. The move comes amid an increase in smuggling attempts, with authorities saying the action aims to prevent the flow of narcotics and weapons into the Kingdom. Syrian state broadcaster Al-Ikhbariya TV, citing sources, reported that Jordanian warplanes struck a site…