DUBAI, 13th July, 2026 (WAM) — The Dubai International Financial Centre (DIFC) Courts today published statistics for the first six months of 2026, the first half-year results since the launch of its five-year strategy in December 2025. A total of 810 cases were filed from January to June, a 25% increase year-on-year, with a combined claim value of AED 10.02billion (US$2.73 billion), up 48% from the same period in 2025, and averaging AED55 million in claims every day of the period. The figures provide an early indication of delivery against the Courts’ strategic direction, with higher-value disputes before the DIFC…
Author: Editorial Team
JEDDAH — Newly appointed Jeddah Mayor Ehsan Bafaqeeh officially assumed his duties on Monday, meeting with municipal leaders and employees while reviewing ongoing projects and the municipality’s operational priorities. Bafaqeeh chaired a meeting with officials from the municipality’s various sectors and departments to review key files, discuss current work plans, and assess the performance of municipal services. He stressed the importance of strengthening institutional work and enhancing coordination among departments to improve the efficiency of municipal services and advance Jeddah’s quality-of-life objectives. Bafaqeeh said his familiarity with Jeddah, its challenges, and his previous experience in issues related to the municipality’s…
Micron Technology recently showcased plans to invest more than $250 billion in the U.S. until 2035. This move was likely driven by the surging demand for memory chips in the AI era. The latest announcement adds a further $50 billion to a previous commitment to pump $200 billion into the country’s semiconductor manufacturing. Micron stated the increased investment would support its long-term goal of producing 40% of its DRAM in the U.S., creating jobs in the country and reflecting confidence in continued demand for its memory products. In a series of announcements, the company stated construction of a new semiconductor…
The Ruler of Sharjah has revealed plans for two residential projects featuring homes built inside the sea in Kalba, offering a glimpse into what appears to be one of the emirate’s most distinctive waterfront developments. Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, announced the projects during the “Direct Line” programme on Sharjah Broadcasting Authority, saying they form part of the wider Khor Kalba City masterplan that has been under development for several years. According to information published by the Ruler’s office and the Sharjah Government Media Bureau, the two developments are being built…
RIYADH — Qiwa platform has clarified that companies will not be allowed to change their business activity if doing so would cause them to exceed the permitted workforce nationality diversity limits, Okaz newspaper reported. The Ministry of Human Resources and Social Development’s platform said requests to change a company’s economic activity are reviewed by a specialized committee, which approves or rejects applications based on approved regulations. Businesses can view the reasons for any rejection through the requests section on the platform. Qiwa said a company seeking to change its business activity will be unable to do so if the new…
ABU DHABI, 13th July, 2026 (WAM) — 9YardsX, the AI, technology and innovation company, and subsidiary of 9Yards Holding, announced today the acquisition of Labeb AI as part of its strategic move to expand its presence in the field of artificial intelligence and enhance its capabilities in developing advanced technology solutions. The acquisition marks an important milestone in 9Yards X’s journey to strengthen its position as one of the fastest-growing entities in the fields of artificial intelligence, digital transformation, and advanced technology solutions, in alignment with the UAE leadership’s vision for advancing artificial intelligence and innovation across the country. Founded…
ABU DHABI, 13th July, 2026 (WAM) — Abu Dhabi Islamic Bank (ADIB) and Dubai Department of Economy and Tourism (DET) have launched a DET Connect Account under DET’s “SME in a Box” platform to empower small and medium-sized enterprises (SMEs) with a comprehensive, digitally native banking solution. By combining ADIB’s financial expertise with DET’s strategic mandate to enhance business competitiveness, the DET Connect Account allows Dubai’s SMEs to focus on innovation instead of administrative tasks. The “SME in a Box” platform is designed to make it faster, simpler, and more cost efficient for entrepreneurs to start and operate businesses in…
RIYADH — Saudi air defenses intercepted a ballistic missile threat launched by Yemen’s Houthi militia toward the Kingdom’s southern region, the Coalition to Restore Legitimacy in Yemen announced on Monday. Coalition spokesman Maj. Gen. Turki Al-Maliki said Saudi air defenses successfully engaged ballistic missiles fired by the Iran-backed Houthi militia toward southern Saudi Arabia. The attack is condidered a flagrant violation of ceasefire agreements and another example of the militia’s continued breaches of international law through attacks targeting civilians, civilian infrastructure, and vital facilities in the Kingdom. Earlier this month, the coalition said Houthi threats against Saudi Arabia were aimed…
DUBAI, 12th July, 2026 (WAM) — The UAE National MMA Championship 9, organised by the UAE Jiu-Jitsu and Mixed Martial Arts Federation, concluded today, Sunday, at Shabab Al Ahli Club in Dubai after two days of competition, with more than 300 male and female athletes from clubs and academies across the UAE taking part. The strong participation highlights the Federation’s continued success in expanding the base of practitioners, strengthening cooperation with clubs and academies, identifying emerging talent, and developing athletes capable of representing the UAE on the international stage. The championship highlighted the continued growth of mixed martial arts in…
Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, announced the construction of a fish drying factory in Kalba on Monday during a phone interview on the “Direct Line” programme, aired on Sharjah Radio and Television. “In conjunction with this, we have allocated a site for the Sharjah Chamber of Commerce and Industry to organise the Jashe and Sahnah Festival in Kalba on September 24,” Sheikh Dr Sultan said. “We thank the Chamber for the distinctive festivals it organises across the emirate’s cities.” Jashe refers to sun-dried fish, traditionally made from sardines, while sahnah is…