Author: Editorial team
BEIJING, 16th June, 2026 (WAM) — China’s value-added industrial output increased by 5.4 percent year-on-year in the first five months of 2026, official data showed today. Meanwhile, home prices in China’s four first-tier cities — Beijing, Shanghai, Guangzhou and Shenzhen — rose in May compared to the previous month, according to official data. China’s total retail sales of goods and services, a major indicator of the country’s consumption strength, increased by 2.8 percent year-on-year in the first five months of 2026, the data showed. Source: Emirates News Agency
Cisco recently highlighted rising pressure on enterprise networks from AI deployments. The company went on to warn that campus and branch infrastructure is emerging as a potential bottleneck for companies scaling the technology. In a study conducted with UK-based technology media company Foundry, Cisco found organisations are caught between accelerating AI ambitions and network constraints which could slow progress. It stated more than half of enterprises now have widespread generative AI (genAI) deployments. However, 73% of respondents said AI expansion will cause them to hit campus and branch capacity limits within 24 months. Indeed, pressure is already building as respondents…
Private healthcare facilities in the UAE must now allocate half of their annual Emiratisation target to specialised healthcare roles, under a new amendment announced by the Ministry of Human Resources and Emiratisation. Under the new requirement, healthcare facilities must ensure that jobs allocated to UAE citizens are split equally between specialised healthcare professions and other skilled roles within the facility. MoHRE will begin assessing compliance with the new requirement from the beginning of 2027. Private healthcare establishments that fail to comply will be required to pay financial contributions. Stay up to date with the latest news. Follow KT on WhatsApp…
DUBAI, 16th June, 2026 (WAM) — Dubai International Financial Centre (DIFC) today announced that Oak Hill Advisors (OHA) a leading global credit-focused alternative investment firm, has received regulatory authorisation from the Dubai Financial Services Authority (DFSA). This follows OHA becoming the 100th hedge fund manager to be registered by the DIFC Authority, in late 2025. With approximately US$112 billion in assets under management as of 31st March 2026, OHA’s expansion into Dubai underscores the growing global significance of DIFC as the region’s preferred hub for alternative investment firms, asset managers, and financial institutions seeking access to regional and international markets.…
If you have lived in the UAE for a while, you know how holidays really get planned here. It rarely starts with official public holiday dates. Rather, it starts much earlier, with residents researching flights and making tentative plans — sometimes months in advance — in the hope that things fall neatly in place once official holidays are announced. Choosing where to go is usually not the difficult part. Timing is the harder aspect; figuring out when to commit. That uncertainty exists for one simple reason: not all UAE holidays have fixed dates. Unlike the UAE National Day or New…
MEXICO CITY, 15th June, 2026 (WAM) — Sweden defeated Tunisia 5-1 today at Monterrey Stadium in Mexico in the opening match for both teams in Group F of the FIFA World Cup 2026. With the result, Sweden moved to the top of the group with three points, benefiting from the 2-2 draw between the Netherlands and Japan in the other Group F match. Source: Emirates News Agency
TOKYO, 16th June, 2026 (WAM) — The Bank of Japan (BOJ) raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the conflict in the Middle East and the weakness of the yen. The BOJ decided to raise its short-term policy rate to 1 percent from 0.75 percent, the first rate hike since December 2025. Source: Emirates News Agency
DUBAI, 15th June May, 2026 (WAM) — Zayed University and the Zayed Education Foundation have announced the launch of a partnership to strengthen future cooperation across five strategic domains: student success, research and innovation, leadership development, professional growth, and community engagement. United by a shared commitment to the values and legacy of the late Sheikh Zayed bin Sultan Al Nahyan, the two institutions will work together to create practical opportunities for students, researchers and emerging leaders, while supporting the UAE’s wider ambitions in education, innovation and human development. Professor Dr. Kevin Hall, President and CEO of Zayed University, said, “This…
A peace agreement between the US and Iran, expected to be signed in Switzerland on Friday, is offering fresh hope to UAE businesses and jobseekers after months of uncertainty caused by regional tensions. While the UAE remained economically resilient throughout the conflict, businesses faced higher operating costs, disrupted trade routes, softer tourism sentiment and delays in investment decisions as tensions escalated across the region. Many employers adopted a cautious approach, slowing expansion plans and postponing non-essential hiring. The development comes as US President Donald Trump announced that the Strait of Hormuz would be reopened and the US naval blockade of…
As the first month of the Islamic calendar — Muharram — is set to begin for the lunar year 1448 AH, the crescent was spotted by the UAE’s Astronomy Centre during daytime on Monday, June 15. The crescent, which marks the start of the month, was captured in Abu Dhabi by the Khatm Astronomical Observatory at 11am. This means Muharram will officially begin on Tuesday, June 16, as per the Gregorian calendar. In the photo captured by the observatory team, the moon was 5.4 degrees away from the sun and its age was 5 hours and 35 minutes. Stay up…