Author: Editorial team
SAN FRANCISCO: Apple on Wednesday said it will have ‘limited’ numbers of its folding iPhone Duo phone available for walk-in customers when the device launches Friday, after initial online orders sold out in minutes and pushed delivery times for some customers to January.Apple announced its first folding phone in September, with analysts expecting it to quickly come to dominate a niche segment where rivals such as Samsung Electronics and Huawei Technologies have sold premium offerings for years.But the iPhone Duo is also a more complex product than standard candy-bar iPhones, with a tight-fitting hinge that analysts believe may take time…
Rakbank reported a 21.3 per cent increase in net profit for the first nine months of 2026, driven by lending growth across its core businesses, stronger fee-based income and a one-off gain from the sale of part of its payments business.The UAE lender posted profit after tax of Dh2.5 billion for the nine months ended September 30, compared with the same period a year earlier. The results included a Dh473 million gain from the sale of its merchant acquiring business.Total assets rose 21 per cent year-on-year to Dh120.2 billion, while deposits increased by the same rate to Dh79.6 billion, underscoring…
Janith Liyanage smashed a six off the penultimate ball as Sri Lanka completed the second-highest successful run chase in ODI history, scoring 430-8 to beat England in Rawalpindi on Thursday.Needing eight to win off the last over, Sri Lanka lost two wickets to paceman Josh Tongue, but Liyanage kept his cool to achieve an astonishing victory and overshadow Harry Brook’s record-setting knock.The England captain hit the fastest-ever ODI double hundred, making 202 off 116 balls to propel his team to a mammoth 429-4 after they were put in to bat. South Africa hold the record for the highest ODI chase, knocking off…
ABU DHABI, 22nd October, 2026 (WAM) — UAE Team L’IMAD has topped the 2026 UCI Women’s World Team Ranking for the first time in their history, finishing ahead of FDJ United–SUEZ and Team SD Worx–Protime. The achievement marked a historic milestone following five years of sustained investment, strategic development and commitment to excellence in international women’s cycling. The team secured 30 UCI road victories through nine different riders during the season, with Elisa Longo Borghini winning the overall title at the UAE Tour Women, Paula Blasi claiming victories at the Amstel Gold Race and La Vuelta a España, Karlijn Swinkels…
Dubai: The International Monetary Fund (IMF) has projected that the UAE economy will grow by 7.7% in 2027, an increase of 2.4 percentage points compared to its forecasts issued last April, highlighting the country’s substantial financial buffers, advanced infrastructure, and economic and technological capabilities that strengthen its readiness to seize future growth opportunities and address regional and global challenges. The announcement came during a press conference organised by the Dubai International Financial Centre (DIFC), in cooperation with the IMF, under the theme “Resilience in the Face of Challenges: Diverging Economic Outlooks in the Middle East and North Africa.” During the…
ATHENS, 22nd October, 2026 (WAM) — The UAE plans to invest an additional $15 billion in Greece over the next five to eight years, targeting energy, hospitality, artificial intelligence, technology, industry and infrastructure, according to Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade. Speaking to the Emirates News Agency (WAM), Al Zeyoudi said the investment plans were announced during the visit of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and his meeting with the Greek Prime Minister. He highlighted the significance of the visit in strengthening bilateral economic ties, noting that…
Home UAE Dubai Municipality activates proactive plans to manage rain and ensure continuity of services Integrated preparations include round-the-clock monitoring, preventive drainage maintenance, rapid-response teams and coordinated operations with government partners Emirates247 Published: 22 October 2026, 18:59 (UAE)5 min read The measures include preventive maintenance of stormwater drainage networks, enhanced readiness at wastewater treatment plants, and the mobilisation of specialised field teams, equipment and emergency response systems to safeguard residents, visitors and property during unsettled weather conditions. Source: Emirates 24|7
Athens: The UAE has announced its intention to invest an additional €15 billion under its joint investment initiative with the Hellenic Republic. The announcement supports efforts to strengthen the long-term economic and investment partnership between the two countries and expand cooperation across sectors that are strategic and development priorities for both nations. The announcement comes on the sidelines of the official visit of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to the Hellenic Republic, reflecting the continued development of bilateral relations and a shared commitment to further advancing economic and investment cooperation to…
Meta Platforms has struck a deal with Mark Zuckerberg to keep him living in California after the CEO warned he was considering leaving the state that houses the company’s headquarters if voters pass a wealth tax proposal next month.Under the deal, Zuckerberg will get non-voting shares he can sell to potentially foot a multi-billion-dollar tax bill in the event the proposal is approved, in exchange for a commitment to remain a resident of California, or wherever Meta maintains its headquarters, for eight years, Meta said on Wednesday.Zuckerberg, the world’s sixth richest person according to Forbes, told Meta he was considering…
Abu Dhabi Commercial Bank (ADCB) reported record third-quarter and nine-month earnings on Thursday, as strong lending growth and rising fee income helped the lender extend its profit growth streak to 21 consecutive quarters.Profit before tax rose 28 per cent year-on-year to Dh4.063 billion in the third quarter and reached Dh11.67 billion for the first nine months of 2026. Net profit after tax increased 15 per cent to Dh3.559 billion in the quarter and 27 per cent to Dh10.296 billion in the nine-month period.The results come amid continued economic expansion in the UAE, which has boosted demand for financing across corporate,…