Author: Editorial team
Satellite industry analyst Tim Farrar suspects that a long-rumoured deal of SpaceX buying Globalstar may be moving closer to fruition. This move, if successful, could lead to a shake-out in the direct-to-device sector. Bloomberg reported in October 2025 about SpaceX’s interest in buying Globalstar, and noted the latter engaged with an investment bank to facilitate the deal. Farrar, president at TMF Associates, said in a research note Globalstar executive chair James (Jay) Monroe “has finally achieved his goal” of selling the company at a profit. “I understand that the sale process initiated back in October will reach its conclusion, and…
Cars submerged in water became a common scene in parts of UAE on Thursday. KT photos by Shihab Residents waded through water-logged streets Heavy rain lashed Sharjah on Thursday afternoon, leading to waterlogging in several areas A broken down vehicle being towed away Underpass closed in Sharjah near City Centre Vehicles stopped near Al Khan Bridge at 5pm Source: Khaleej Times
Come February and March, all eyes turn to the fashion capital of the world, waiting to see what will make a splash in couture. However, this April, the spotlight once again turns towards Paris, but this time, for something quite different. From April 16 to 18, the French capital will host the 11th edition of Modest Fashion Week, marking its debut in one of the world’s most influential style cities. Organised by Think Fashion, the move to Paris comes after successful outings across Istanbul, London, Dubai and Riyadh. In recent years, modest fashion has steadily moved from the margins to the…
DUBAI, 26th March, 2026 (WAM) — Al Ansari Financial Services announced that its shareholders have approved the Board of Directors’ recommendation to distribute a total cash dividend of AED297 million (4 fils per share) for the financial year ended 31st December 2025. This represents 74% of the Group’s net profit after tax. According to a press statement issued today, the approved dividend includes a final dividend of AED148.5 million (2 fils per share) for the second half of the year, following an equivalent payout for the first half of 2025, demonstrating the Group’s consistent approach to shareholder returns. Source: Emirates…
DUBAI, 25th March, 2026 (WAM) — Hit Show shocked plenty of fans and racing professionals 12 months ago when weaving his way between runners under an inspired Florent Geroux to scoop the Dubai World Cup sponsored by Emirates, but owners Wathnan Racing were not among those to be taken by surprise. Turning for home, the grey son of Candy Ride only had the 2023 winner Ushba Tesoro behind him, but patience paid off as Hit Show surged late to run down Mixto and a rallying Forever Young. Wathnan’s US racing and bloodstock manager, Case Clay, recalls the thrill of that…
Amazon has recently confirmed that it will close its first UK base, located in Bedfordshire, which first opened in 1998. The online retailer said that following a consultation process it would shut its Marston Gate centre at Ridgmont, Brogborough. All 500 employees will be offered the opportunity to transfer to Amazon’s new building in Northampton or other locations. An Amazon spokesperson said the Marston Gate site held an “extraordinary place” in its history. The company initially proposed the closure of the site, which is by junction 13 of the M1, in January. “As our first UK fulfilment centre, nearly a…
[Editor’s Note: Follow Khaleej Times live blog for the latest updates as the UAE deals with heavy rains and unstable weather conditions.] The UAE experienced one of its heaviest rainfall events of the season on Wednesday as storms transformed the usually sunny skies into massive clouds and downpours, flooding streets and slowing traffic across multiple emirates. The National Centre of Meteorology (NCM) shared with Khaleej Times the top five recorded rainfall amounts up to the end of Wednesday, March 25. Al Tawiyen received 47.9mm, Al Marjan 39.7mm, Khor Fakkan 33.3mm, Khatam Al Shaklah 31.6mm, and Khor Fakkan Port received 28.3mm of rainfall. Stay up to…
For many Europeans, their first stop for all things clothing, accessories, beauty products and household articles is usually the branch of an Ireland-headquartered retailer, going by the name Primark. Specialising in fast fashion and with more than 450 stores around the world, Primark is making its entry into the United Arab Emirates, with its first store in Dubai opening at the Dubai Mall on March 26. This store is being brought to the region through a partnership with Kuwait-based Alshaya Group. The retailer said in an Instagram post that the store would open on March 26 at 10 am. We…
ABU DHABI, 26th March, 2026 (WAM) — H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, offered his condolences on the death of martyr Mohammed Aznibla, the civilian contractor in the UAE Armed Forces of Moroccan nationality, who was martyred during a routine mission in the sisterly Kingdom of Bahrain, following an Iranian missile attack that targeted the Kingdom. H.H. Sheikh Saif bin Zayed, during his visit to the condolence gathering at Al Wathba Majlis in Abu Dhabi, expressed his sincere condolences and heartfelt sympathy to the family of the martyr, praying…
DUBAI, 26th March, 2026 (WAM) — Emaar Development PJSC today held its Annual General Meeting (AGM), during which the Board of Directors reviewed the company’s financial performance for 2025 and discussed its strategic outlook for the coming period. During the AGM, shareholders approved the Board of Directors’ proposal to distribute a dividend of AED4 billion (US$ 1.1 billion), representing 100% of the share capital. Shareholders also approved the Board’s report on the company’s activities and financial position, along with the Auditor’s report. Emaar Development recorded its highest-ever property sales of AED71.1 billion (US$ 19.4 billion) in 2025, reflecting a 9%…