JEDDAH — Saudi Arabia and Canada have agreed to begin negotiations on a double taxation avoidance agreement and welcomed progress toward concluding a bilateral investment promotion and protection agreement by early 2027, according to a joint statement issued at the conclusion of Canadian Prime Minister Mark Carney’s official visit to the Kingdom. The two sides also agreed to strengthen cooperation between their financial institutions to support the financing of major strategic projects. Saudi Arabia welcomed the strong interest shown by Canadian investors in exploring opportunities in the Kingdom, while Canada invited Saudi investors to participate in its first Investment Summit,…
Author: Editorial Team
DUBAI, 9th July, 2026 (WAM) — On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Omar Sultan Al Olama, Minister of State for Artificial Intelligence, participated in the United Nations Global Dialogue on Artificial Intelligence Governance, held in Geneva, Switzerland, to advance the global dialogue on Artificial Intelligence governance and to strengthen international cooperation in this field. During the dialogue, Omar Sultan Al Olama conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the participating leaders, and underscored the UAE’s commitment to working with the international community to advance responsible artificial intelligence.…
ABU DHABI, 9th July, 2026 (WAM) — Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases. For the first time in the emirate, eligible homebuyers will be able to access up to 75% off-plan home financing through ADIB. Available exclusively for future Modon developments, the innovative solution enables customers to secure homes earlier in the development cycle through a more seamless purchasing journey, marking a significant milestone in the evolution of Abu Dhabi’s real estate market. The MoU was signed during an official…
JEDDAH — Saudi Defense Minister Prince Khalid bin Salman met Canadian Minister of National Defence David McGuinty in Jeddah on Thursday to discuss bilateral defense cooperation and regional developments. The two ministers reviewed relations between Saudi Arabia and Canada and explored ways to strengthen military and defense cooperation between the two friendly countries. They also discussed regional developments and ongoing efforts to promote security and stability in the region and beyond. Source: Saudi Gazette
Dubai’s Palm Monorail has resumed operations after a six-month closure for maintenance, restoring public transport across Palm Jumeirah. Announcing the reopening on social media, the operator said, “The Palm Monorail is open! Hop on and enjoy the ride across Palm Jumeirah.” Passengers can now book tickets through their website and official channels. The monorail had suspended services in January, with the operator announcing that it would remain temporarily closed while station maintenance works were carried out. Stay up to date with the latest news. Follow KT on WhatsApp Channels. During the closure, residents and tourists were advised to use the…
JEDDAH — Crown Prince and Prime Minister Mohammed bin Salman and Canadian Prime Minister Mark Carney witnessed the signing of three memorandums of understanding following official talks at Al-Salam Palace in Jeddah on Thursday. The two leaders reviewed bilateral relations, explored opportunities to expand cooperation across various sectors, and discussed regional and international developments and the ongoing efforts to address them. The first memorandum of understanding was signed between Saudi Arabia’s Ministry of Energy and Canada’s Ministry of Natural Resources to strengthen cooperation in the energy sector. It was exchanged by Saudi Energy Minister Prince Abdulaziz bin Salman and Canadian…
Meta Platforms has recently released its in-house imaging tool Muse Image across their Meta AI chatbot. This news comes as the company works to attract creators and advertisers while reducing their reliance on third parties. It is the first AI image generation model built by Meta Superintelligence Labs following the launch of the company’s initial large language model in April. According to Meta’s blog post, users can describe what they want in conversational language and let Meta AI handle the rest, including tasks like placing themselves in front of a landmark, removing a photobomber from a shot, or generating a…
WASHINGTON, 9th July, 2026 (WAM) — AI company OpenAI has released the GPT-5.6 frontier model family for everyone. Alongside, OpenAI has also released the ChatGPT Work agentic AI tool, which the company says can “stay with complex projects for hours”. ChatGPT Work is the more consequential product launch of the day. It extends Codex-style capabilities — previously the domain of engineers — to non-technical users, letting them generate documents, spreadsheets, presentations, and small web apps from the same interface used for chat. The pitch is that a marketer or operations lead can now use the same agentic tooling that a…
ABU DHABI, 9th July, 2026 (WAM) — As part of Abu Dhabi Fund for Development’s commitment to strengthening national institutional engagement and communication, Mohamed Saif Al Suwaidi, Director-General of ADFD, led a delegation of the Fund’s management and employees on an official visit to MBZ City Passenger Train Station in Abu Dhabi. The visit included a tour of the station’s facilities, during which attendees were briefed on the advanced infrastructure designed in accordance with the highest standards of operational efficiency and world-class quality specifications. The Fund was among the first government entities to gain first-hand insight into this pioneering national…
JEDDAH — Saudi Investment Minister Fahad Al-Saif said Saudi Arabia and Canada are entering a new phase of economic and investment partnership, supported by a shared vision to promote growth, innovation and high-value investment opportunities. Speaking at the Saudi-Canadian Investment Forum in Jeddah in the presence of Canadian Prime Minister Mark Carney, Al-Saif said the Kingdom has become one of the fastest-growing economies in the G20. He said Saudi Arabia’s gross domestic product has grown by more than 85% since 2017, rising from about $720 billion to more than $1.3 trillion last year. Al-Saif added that the International Monetary Fund…