Author: Editorial team
Khaled Mohammed Balama says non-oil expansion, infrastructure investment and higher oil production are supporting the UAE’s growth outlook Khaled Mohammed Balama, Governor of the Central Bank of the UAE and the UAE Governor to the International Monetary Fund, delivered the UAE’s keynote address at a high-level meeting of central bank governors and finance ministers from the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region with the International Monetary Fund. WAM Source: Emirates 24|7
WASHINGTON, 17th October, 2026 (WAM) — President Donald Trump waived key Russia-related US sanctions and tariffs days before they were to take effect under a law he signed last month. In an executive order released by the White House on Friday, Trump said the waiver was in the national interests of the United States. The legislation, whose primary backer in Congress was the late Senator Lindsey Graham, a South Carolina Republican, would have imposed tariffs of up to 100 percent within 30 days on all goods brought into the US from the five largest importers of Russian crude oil or…
ABU DHABI: The General Civil Aviation Authority (GCAA) has advised that this time of year is characterised by changing weather conditions and reduced horizontal visibility in some parts of the UAE. These conditions may affect some flight operations and result in limited delays, depending on prevailing weather conditions and operational safety requirements. Such impacts are part of the operational challenges associated with these weather conditions. Airlines and airport operators implement the necessary measures in accordance with established operational procedures and aviation safety requirements. Any updates affecting flight schedules are communicated by the relevant airlines and airports through their official channels.…
Emaar is planning to invest around $17 billion in Syria, the company’s founder Mohamed Alabbar has revealed, calling the opportunity too strong to ignore. Speaking at the Rise summit in Dubai on Wednesday, Alabbar said he visited Deir ez-Zor last week and was struck by the country’s potential.”Syria is just a great nation with incredible resources,” he said. “You see their rivers. You see their soil. You see their oil and gas. You see their capabilities. It’s just incredible.”He also praised Syria’s people. “Syria has an incredible caliber of people with great potential,” he said. However, he noted that for…
Indian music composer Anirudh Ravichander and IPL team Sunrisers Hyderabad CEO Kavya Maran are reportedly tying the knot next month. Telangana Chief Minister A Revanth Reddy has confirmed on social media that their wedding reception will be held in Chennai on November 21.Reddy shared photos and videos of Kavya’s parents, Sun Group chairman Kalanithi Maran and Kavery Maran, meeting him at his residence in Jubilee Hills and inviting him to the reception.“Sun Group Chairman Shri Kalanithi Maran and his wife, Smt. Kavery Maran, met Hon’ble Chief Minister Shri A. Revanth Reddy at his residence in Jubilee Hills and invited him…
SpaceX recently entered into a deal to buy a low-band spectrum portfolio from Grain Management, this is part of the company’s increasing ambition to compete with U.S. carriers for mobile customers. The transaction for all of Grain Management’s nationwide portfolio of up to 14MHz of paired spectrum in the 800MHz band is subject to regulatory approval by the Federal Communications Commission (FCC). Financial terms are not available. “This is the last critical piece of the spectrum puzzle needed for SpaceX to provide complete phone coverage in America”, said SpaceX owner Elon Musk on X above a post which questioned the…
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said Emirati talent assuming leadership roles in international financial institutions reflects the leadership’s forward-looking vision to strengthen the UAE’s position as a key contributor to global economic growth and prosperity and an active partner in shaping the future of international financial governance. His Highness made the remarks following the election of Ali Alhosani as Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position. The achievement reflects the UAE’s commitment…
Gold prices moved higher in Dubai and globally on Friday morning, rising over Dh2 a gram in early trade.The 24K gold price was trading at Dh503.0 per gram on Friday morning, up from Dh500.75 per gram at the close of the markets on Thursday. Among the other variants of the yellow metal, 22K, 21K and 18K were selling at Dh466.9, Dh446.75 and Dh363.0 per gram, respectively. Spot gold was trading at $4,173 an ounce at 9.30 am UAE time.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Carsten Menke, Head of Next Generation Research at Julius Baer,…
Abu Dhabi: Drivers have observed reckless behaviour by pedestrians and scooter users while crossing roads in various parts of the country, warning of the danger of causing hit-and-run accidents, obstructing traffic, and collisions between vehicles due to sudden stops. They said that the most prominent of these behaviours are crossing suddenly without paying attention to traffic, being preoccupied with phones and browsing social media platforms while crossing pedestrian crossings, being very slow in crossing, not adhering to crossing from designated places, as well as electric scooter users rushing across pedestrian crossings at high speed, in a way that confuses drivers.…
Dubai: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, witnessed the signing of a Memorandum of Understanding (MoU) to launch the Global Innovation Challenge and the Agentic AI Award, a joint initiative between the World Economic Forum (WEF) and Dubai Municipality.The initiative, launched on the sidelines of the Annual Meeting of Global Future Leaders 2026, aims to empower 10,000 Global Shapers across 150 countries to develop innovative solutions and practical applications powered by agentic AI to…