Author: Editorial team

Dubai has risen to seventh place among the world’s leading financial centres, its highest-ever ranking, as the UAE continues to attract record levels of foreign direct investment (FDI) and expand its financial, technology and artificial intelligence sectors.The emirate climbed four places in the Global Financial Centres Index (GFCI) 39, published in March 2026 by Z/Yen Group in partnership with the China Development Institute. The improvement comes as the UAE attracted AED177.3 billion ($48.3 billion) in FDI inflows during 2025, underlining the country’s growing appeal to international investors.According to the UN Trade and Development World Investment Report 2026, FDI inflows into…

DUBAI, 20th August, 2026 (WAM) — Emirates Petroleum Company P.J.S.C. (Emarat) has signed a Memorandum of Understanding (MoU) with Dell Technologies to accelerate the adoption of artificial intelligence (AI) and advanced digital technologies. The collaboration supports Emarat’s wider transformation agenda by identifying practical AI use cases, strengthening data-driven decision-making, and building scalable technology capabilities that enhance operational efficiency, resilience and sustainable growth. The MoU was signed by Burhan Al Hashemi, Chief Executive Officer of Emarat, and Walid Yehia, Managing Director, South Gulf, Dell Technologies. Under the agreement, both organisations will jointly identify opportunities to apply AI-enabled technologies across key areas…

The US Open will hand out $108 million in prize money at this year’s final Grand Slam, it said on Thursday, marking the largest purse in tennis history and one that could spare the tournament from protests over player compensation.The men’s and women’s singles champions at the August 23 to September 13 major in New York will earn $5.5 million each, which marks a 10% increase from last year and is the largest Grand Slam payment in history for a main draw singles champion.The compensation package also includes what the US Tennis Association said is a Grand Slam record for…

(L-R) Hritik Jain, CTO and Co-Founder of SimuPhish & Shubh Arya, CEO and Co-Founder of SimuPhish. As organisations across the Middle East face increasingly sophisticated cyber threats, the human element continues to remain one of the most difficult risks to measure and manage. Traditional security awareness programmes and periodic training often struggle to reflect how employees actually behave when confronted with real world cyber threats. Addressing this gap, SimuPhish, a UAE- incubated cybersecurity firm, has developed Human Risk Management + (HRM+), an experiential platform designed to help organisations assess, understand and condition human behaviour against evolving cyber threats. The platform…

DUBAI, 20th August, 2026 (WAM) — Dubai’s Roads and Transport Authority (RTA) distributed meals to delivery riders at temporary rest areas designated at bus and metro stations across key areas of the emirate. The meals were provided by the UAE Food Bank in collaboration with Deliveroo. The initiative comes in appreciation of the daily efforts of delivery riders in serving the community and their vital role in supporting the emirate’s economy and keeping pace with the significant growth witnessed by the delivery sector. It also aligns with quality-of-life objectives and efforts to strengthen Dubai’s position as the world’s best city…

Precious metals advance in local markets, with 24K gold rising to AED541 per gram and silver trading at AED7.91 per gramDubai: Gold and silver prices moved higher in the UAE on Thursday, tracking gains in precious metals markets and pushing retail gold rates closer to recent highs.The price of 24-karat gold rose to AED541.00 per gram, while 22-karat gold was priced at AED501.00 per gram.Meanwhile, 21-karat gold traded at AED480.50 per gram, and 18-karat gold reached AED411.75 per gram.Current gold prices are:24K Gold: AED541.00 per gram22K Gold: AED501.00 per gram21K Gold: AED480.50 per gram18K Gold: AED411.75 per gramSilver prices also…

The one-year-old’s treatment costs around Dh8.8 million, and will be conducted at Al Jalila Children’s Hospital in Dubai Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has sponsored the treatment of a Jordanian child, Katia Abu Al-Saud, aged one year and four months, who suffers from spinal muscular atrophy. She is now able to receive treatment at Al Jalila Children’s Hospital in Dubai, according to an announcement by the Government of Dubai Media Office. Omar Abu Al-Saud, the father of the child, said the decision of Sheikh Mohammed restored hope to…

WASHINGTON, 19th August, 2026 (WAM) — Apple released iOS 26.6.1 on August 17, patching 29 security vulnerabilities, including a critical ImageIO flaw enabling arbitrary code execution via crafted images and a Telephony bug letting network attackers bypass IPSec authentication to intercept traffic. The update also covers iPadOS 26.6.1, macOS 26.6.2, and visionOS 26.6.1, with most fixes targeting WebKit — around a third of which Apple credits to OpenAI’s internal Codex Security team. The release, arriving just 11 days after an emergency macOS 26.6.1 fix for a separate Screen Sharing flaw, reflects Apple’s accelerated update cadence amid AI-powered hacking concerns and…

DUBAI, 20th August, 2026 (WAM) — The Ministry of Finance organised the ‘MoF Youth’ Forum under the theme ‘We Shape Today, We Lead Tomorrow’, aiming to highlight the role of youth in advancing the government financial work ecosystem and strengthen their participation in shaping the future. The forum also showcased the Ministry’s efforts to empower national talent and develop their skills and expertise in line with developments in the financial sector, enhancing their future readiness. Held at the Ministry’s headquarters in Dubai, the forum was attended by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Younis Haji…

The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump’s invalidated tariffs.The uptick in borrowing is a blow to Trump, who promised to cut public spending during his 2024 presidential campaign, and sparked a backlash from US representatives across the political field.The new record comes as longer-term US obligations linked to social security and health care have been growing, while interest payments have climbed as well.Total public debt outstanding stood at $40.05 trillion at the close of business on…