Author: Editorial team
DUBAI, 19th August, 2026 (WAM) — Dubai Taxi Company PJSC (DTC) and its strategic partner Bolt, signed a partnership agreement with Arabia Taxi, a subsidiary of the Economic Group Holdings, to integrate the company’s fleet onto the Bolt platform, marking another milestone in DTC’s strategy to enhance smart mobility services and deliver a more seamless ride-hailing experience across Dubai. Under the agreement, Arabia Taxi’s fleet of 1,607 taxis will join the Bolt platform, expanding the pool of available vehicles while enhancing fleet utilisation and service reliability. The integration is expected to improve vehicle availability during periods of high demand, reduce…
WASHINGTON, 19th August, 2026 (WAM) — The United States Department of the Treasury announced that total US national debt has surpassed the $40 trillion mark for the first time, driven by rising costs for entitlement programmes and interest payments alongside falling revenues. The Treasury’s daily statement showed total debt outstanding reached $40.047 trillion, comprising $32.266 trillion in debt held by the public and $7.782 trillion in intragovernmental holdings held by federal agencies. Source: Emirates News Agency
The UAE has opened a new route for large companies to settle a thorny tax question before it becomes a dispute. Under a framework launched by the Federal Tax Authority (FTA), businesses can now apply for an Advance Pricing Agreement (APA) — a formal deal that locks in, for several years, how they price transactions between related companies within their own group.The move matters because “transfer pricing” — the value companies assign to goods, services, royalties or loans passed between their own subsidiaries — has become one of the most scrutinised areas of tax worldwide. Get it wrong, and a…
Mathilde Favier, Dior’s longtime public relations director, has died in a car accident in France alongside her partner, French film producer Nicolas Altmayer, according to People. She was 57.The couple died on Monday, August 17, after their vehicle collided with a truck while overtaking another car, People reported, citing French authorities. Altmayer was 61.Dior confirmed Favier’s death in a statement shared on social media, paying tribute to the fashion executive and her contribution to the house.Stay up to date with the latest news. Follow KT on WhatsApp channels.Favier had been a prominent figure in the fashion industry for decades and…
A stunning result at one of Britain’s most prestigious horse races on Wednesday saw world No. 1 thoroughbred Ombudsman finish fourth behind winner Item.Item, a son of unbeaten great Frankel, who also won the Juddmonte International at York in 2012, claimed the $1.16 million first prize for his owner and race sponsor Juddmonte.The three-year-old colt finally found space in a congested eight-horse field and took the lead only in the final yards of the 1 5/16-mile contest. Ridden by Colin Keane and trained by Andrew Balding, Item held on to beat 14-1 shot Almaqam by a head.Constitution River, the French…
MANAMA, 20th August, 2026 (WAM) — The Kingdom of Bahrain welcomed the success of the mediation efforts undertaken by the United Arab Emirates between the Russian Federation and the Republic of Ukraine, which resulted in a new prisoner exchange involving 206 detainees from both sides. Bahrain described the achievement as a positive and constructive humanitarian step that supports de-escalation efforts and enhances prospects for a peaceful resolution to the Ukrainian crisis. In a statement, the Ministry of Foreign Affairs of Bahrain expressed the Kingdom’s appreciation for the diplomatic and humanitarian efforts led by the UAE, highlighting its contributions to securing…
The ultra-cold architecture is designed to connect multiple quantum processors and support IBM’s plan to deliver its Starling fault-tolerant quantum … Source: Tahawul Tech
SHARJAH, 19th August, 2026 (WAM) — The Sharjah Chamber of Commerce and Industry (SCCI) has discussed final preparations with the Embassy of the bortherly Republic of Korea to the UAE for an official business mission to Seoul from 23rd to 30th August, 2026. Led by Halima Humaid Ali Al Owais, SCCI Board Member, the delegation will include prominent female business leaders, entrepreneurs and representatives of key economic sectors in Sharjah. The mission aims to promote business-to-business engagement, explore trade and investment opportunities and establish strategic partnerships between Sharjah and the Republic of Korea. The mission coincides with Emirati Women’s Day…
By embedding sustainability considerations across all project phases, DEWA reduces carbon emissions, improves resource efficiency and supports Dubai’s standing as a global model for sustainable cities. Dubai: Dubai Electricity and Water Authority (DEWA) continues to advance clean energy infrastructure projects through a comprehensive approach that places environmental protection, resource conservation and biodiversity at the heart of infrastructure development. By embedding sustainability considerations across all project phases, DEWA reduces carbon emissions, improves resource efficiency and supports Dubai’s standing as a global model for smart and sustainable cities. Saeed Mohammed Al Tayer, MD & CEO of DEWA, said, “At DEWA, we draw…
For dogs in the UAE, summer is more than just an uncomfortable few months. The heat can have a real impact on their health, appetite, hydration and daily routine. UAE summers are long and can get overwhelming, and just as people adjust their routines during the hotter months, dogs need extra care too. Changes in activity, feeding times and hydration can all affect their health. Dr Zeiad Alhawat of Zabeel Pets said veterinary clinics and animal welfare organisations across the Gulf have reported a noticeable rise in heat-related incidents, including dehydration and heatstroke, during peak summer months. Dr Moalla Ahmad,…