Author: Editorial team

ABU DHABI, 13th May, 2026 (WAM) — A 38% rise in arbitration cases at the Abu Dhabi International Arbitration Centre (arbitrateAD) from its first to its second year of operation points to growing business confidence in the emirate’s alternative dispute resolution offering. The figures, released in the Centre’s inaugural Biennial Report 2024–2026, show that more companies are opting for Abu Dhabi’s predictable, rules-based framework as cross border activity accelerates. Since its establishment by the Abu Dhabi Chamber of Commerce & Industry (ADCCI) in February 2024, arbitrateAD has administered 105 matters in total, spanning a broad range of commercial disputes and…

For the last 104 years, one establishment in Dubai has quietly played a part in shaping the city. Built on generations of trust in this emirate and its rulers, ‘Uncle’s Shop’ began as a modest textile trading company in the bustling souk by a 13-year-old named Uttamchand Tulsidas Bhatia, lovingly called Vattra. Today the firm deals in building and construction materials and banking among other industries and is being run by the fourth generation of the Bhatia family. Last month, the company was honored with the ‘Best Private Sector’ entity award at the Erth Dubai Awards Ceremony for its role in…

SEOUL, 13th May, 2026 (WAM) — The Ministry of Investment has led a high-level delegation to the brotherly Republic of Korea to advance bilateral cooperation and unlock new partnership opportunities across the artificial intelligence (AI) and semiconductor value chain, reinforcing the UAE’s economic diversification agenda and its strategic focus on future-defining industries. The delegation was headed by Mohammad Abdulrahman Alhawi, Undersecretary of the Ministry of Investment. Abdulla Saif Al Nuaimi, UAE Ambassador to the brotherly Republic of Korea , also took part in the visit, which brought together a representative cross-section of the UAE’s technology and investment ecosystem, including AI…

ABU DHABI, 13th May, 2026 (WAM) — Zayed Authority for People of Determination continues the implementation of its community initiative, “Support Your Team with Sportsmanship… and Enjoy the Competition,” coinciding with the anticipated match between Al Ain Club and Al Jazira Club in the final of the UAE President’s Cup, scheduled to take place on Friday, 22 May, at Mohammed bin Zayed Stadium in Abu Dhabi. The initiative comes as part of the sustainability of the national initiatives launched by the Authority over the past years to promote a culture of respectful support, reinforce the values of sportsmanship, and reject…

Three times a week, patients stay seated for fours hours per session, connected to a machine that does what two kidneys can no longer do. For the four million people globally on hemodialysis, that rhythm is permanent. “We’re used to our kidneys working 24/7,” Dimitris Moulavasilis, Group Chief Executive Officer of M42, told Khaleej Times. “Haemodialysis patients are coming three times a week for the rest of their lives. Between sessions, the fluid doesn’t leave the body. They can gain two to three kilos. And health systems incur a cost for keeping them alive, before medications, hospitalisation and everything else.”…

SHARJAH, 13th May, 2026 (WAM) — Sharjah Entrepreneurship Centre RUWAD, affiliated with Sharjah Economic Development Department, recorded strong growth in support for entrepreneurial projects during the first quarter of 2026. Funding provided to businesses in Sharjah rose by 108 % year-on-year, reaching AED1.5 million, while government procurement contracts with member projects increased by 130.8 % to AED2.3 million. Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department, said the results reflect the growing maturity and specialisation of Sharjah’s entrepreneurial ecosystem. He noted that Emirati-led ventures are increasingly focusing on industry, innovation, advanced technologies, green economy initiatives, digital…

Florian Douetteau, CEO and co-founder of Dataiku. UAE CEOs are the most likely globally (23%) to say AI decisions today could jeopardise their long-term legacy. Dubai — New global research from Dataiku, the Platform for AI Success, conducted by Harris Poll, reveals that Artificial Intelligence (AI) has become a defining test of CEO success, tenure, and legacy. Nowhere is this shift more pronounced than in the UAE, where CEOs increasingly believe their future in the role will be determined by their ability to deliver measurable, defensible outcomes from AI.  The findings from the 2026 edition of Dataiku’s CEO Confessions Study show that 79% of UAE…

The UAE Lottery announced the results of its Lucky Day draw number 260513 as players took part in the game’s twice-weekly schedule. Here are today’s Lucky Day numbers and the Lucky Month number: Days: 9, 25, 2, 16, 23 and 5 Lucky Month: 7 No winner was recorded for the Dh30 million jackpot or the Dh5 million second prize. Stay up to date with the latest news. Follow KT on WhatsApp Channels Three players also won Dh50,000 each under the Lucky Chance feature. Their winning IDs were: BE2946839 AT1839187 AY2300136 Lucky Day draws are now held every Wednesday and Saturday,…

SHARJAH, 13th May, 2026 (WAM) — Invest Bank (INB) today announced its financial results for the quarter ended 31st March 2026, delivering strong growth in profitability supported by higher operating income, continued balance sheet expansion and sustained momentum across its core business segments. Profit Before Tax increased by 97% year-on-year to AED22.4 million, while Profit After Tax rose by 96% to AED21.8 million. Total operating income increased by 81% to AED112 million, driven by strong growth in both net interest income and non-interest income. The Bank continued to strengthen its financial position during the quarter, with total assets reaching AED15…

BUDAPEST, 13th May, 2026 (WAM)– Colombia’s Juan Sebastián Molano of UAE Team Emirates-XRG finished second in the opening stage of the Tour de Hongrie, which got under way today, while Belgium’s Tim Merlier of Soudal Quick-Step claimed victory. Phil Bauhaus of Bahrain Victorious came third in the 143-kilometre stage. The race started in front of the historic Gyula Castle, with 112 riders representing 19 teams taking part. UAE Team Emirates-XRG are competing in the race under the leadership of French rider Benoît Cosnefroy and emerging Emirati cyclist Mohammed Al Mutaiwei, alongside Vegard Stake Laengen, Juan Sebastián Molano, Rui Oliveira and…