Author: Editorial team

WASHINGTON, 28th July, 2026 (WAM) — Americans’ confidence in the economy fell this month as gas prices resumed their climb after the current developments. The Conference Board Consumer Confidence Index decreased by 1.4 points to 90.8 (1985=100) in July, down from an upwardly revised 92.2 in June. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell by 3.6 points to 114.9, its third consecutive monthly decline. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—remained unchanged at 74.7. Consumer attitudes had improved modestly in June as gas prices came down…

What is dubbed as the UAE’s cultural hub, Saadiyat Island boasts a spectacular variety of experiences for the entire family. The island is home to some of the world’s most popular museums and attractions, with the Guggenheim Museum soon joining the likes of Louvre Abu Dhabi, Zayed National Museum, Natural History Museum Abu Dhabi and teamLab Phenomena Abu Dhabi. Stay up to date with the latest news. Follow KT on WhatsApp Channels. For tourists and residents alike, a visit to the island is nothing short of taking a trip back in time — or, in some cases, pausing time altogether.…

SHARJAH, 28th July, 2026 (WAM) — The Sharjah Charity International (SCI) helped relieve the distress of 325 indebted inmates and individuals facing financial hardship during the first half of 2026 by settling their outstanding financial obligations. This came as part of its humanitarian efforts aimed at restoring stability to struggling families through its “Relieving Distress” project, which the SCI implements to support the most vulnerable groups. Mohammed Saleem Al Menai, Director of the Assistance Department at Sharjah Charity International (SCI), said that the “Relieving Distress” project embodies one of the most prominent forms of social solidarity because of its direct…

The U.S. recently threatened sanctions against Chinese AI companies over allegations they misused American models to train rival systems. In response China has issued a warning that it would take “all necessary measures” to protect its interests. In a statement, China’s Ministry of Commerce (MOFCOM) criticised the U.S. for “politicising and weaponising technology and economic issues”, accusing it of using “unfounded allegations to stigmatise Chinese companies and impose sanctions”. It warned that if the U.S. takes “any action that materially harms China’s interests”, it would act to “firmly safeguard its legitimate rights and interests”. China hit back after U.S. Treasury…

UAE residents can expect generally fair to partly cloudy skies on Wednesday, July 29, with weather conditions remaining pleasant through much of the day. However, cloud development is expected to increase over the eastern and southern regions during the afternoon. According to the forecast, convective clouds may form over these areas, bringing the possibility of scattered rainfall later in the day. Winds will be light to moderate, blowing from the southeast to northeast at speeds ranging between 10 and 25 km/h. At times, wind speeds may freshen and reach up to 40 km/h, particularly near areas experiencing convective cloud activity.…

ABU DHABI, 28th July, 2026 (WAM) — Fertiglobe (ADX: FERTIGLB) today reported a strong second-quarter performance, with adjusted EBITDA more than doubling year-on-year to $371 million and adjusted net profit attributable to shareholders surging 12.5x to $145 million. Reflecting this strong earnings momentum and disciplined capital allocation, the Company has proposed a minimum H1 2026 dividend of $150 million, representing an increase of more than 20% year-on-year. For the first half of 2026, Fertiglobe delivered revenues of $2.0 billion, up 59% year-on-year, while adjusted EBITDA increased 63% to $713 million and adjusted net profit attributable to shareholders rose 3.4x to…

DUBAI, 28th July, 2026 (WAM) — Emirates has officially launched Crypto.com Pay™, allowing its customers to use the digital payment solution on the airline’s website and app platforms. Customers with a Crypto.com account booking on emirates.com and the Emirates App can now select Crypto.com Pay™ at checkout, with transactions processed securely and in compliance with UAE regulatory standards. Crypto.com Pay™ is available to eligible UAE residents for bookings priced and settled in Emirati Dirham (AED). The launch marks the implementation of a partnership between Crypto.com and Emirates announced in July 2025, when a Memorandum of Understanding was signed to explore…

Armin Moradi, CEO and Founder of Qashio. For many years, the infrastructure and intelligence that support finance grew on their own. Payments, banking rails, and compliance systems were the main parts of finance. Most decisions were still made by people, with the help of static reporting tools. This separation often created delays between when financial activity occurred and when insights could be generated, limiting the ability of organisations to respond in real time. In the Gulf, a region defined by rapid digitisation and state-backed innovation agendas, AI is getting embedded into financial infrastructure itself. This integration is already changing how…

Learning how to prepare a fishing boat, navigate safety procedures and preserve freshly caught fish were among the skills young Emiratis gained during the first edition of a training programme at sea in Sharjah’s Al Hamriyah. For Sultan Mohammed Khalfan Al Shamsi, taking part in the inaugural Al Nokhadha (translation: Captain of the Ship) Fishermen Preparation Programme fulfilled a long-held ambition of learning the traditional fishing trade from experienced fishermen. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Through the programme, which was aimed at passing on one of the country’s oldest professions, he gained…

DUBAI, 28th July, 2026 (WAM) — The Dubai Press Club, organiser of the Arab Media Summit, has welcomed the renewed participation of DP World as a Strategic Partner for the Summit’s upcoming edition, which is scheduled to take place in September 2026 at the Dubai World Trade Centre. The event will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and under the directives of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council. Mona…