Author: Editorial team

MOFA: This attack constitutes a flagrant violation of UN Security Council resolution 2817. Abu Dhabi: The United Arab Emirates has strongly condemned and denounced the hostile Iranian attack that targeted two vessels affiliated with ADNOC as they transited the Strait of Hormuz, with no injuries reported. In a statement, the Ministry of Foreign Affairs (MoFA) underscored that this attack constitutes a flagrant violation of UN Security Council resolution 2817, which affirmed the importance of freedom of navigation, and rejected the targeting of commercial vessels or the obstruction of international maritime routes. The Ministry emphasised that targeting commercial shipping and using…

RAS AL KHAIMAH, 13th August, 2026 (WAM) — Gulf Pharmaceutical Industries PSC (Julphar) today announced its financial results for the six months ended 30 June 2026. The Company delivered continued revenue growth, improved margins and a significant increase in profitability from continuing operations, while maintaining a stable financing position following the successful deleveraging completed in 2025. Revenue from continuing operations increased to AED 573.7 million, compared to AED 547.9 million in H1 2025, representing year-on-year growth of 4.7%. The performance reflects resilient demand across Julphar’s core markets, a strengthened product mix and continued operational execution despite ongoing geopolitical uncertainty, supply…

Europe’s summer holiday season is heating up, quite literally. Another heatwave is sweeping parts of the continent, with temperatures expected to reach around 40°C in Spain, while France, Italy and parts of the UK are also facing unusually high temperatures this week. For UAE travellers looking to escape the heat rather than fly into another spell of it, the traditional European summer holiday may not be the only option. From African safaris during the dry season to mountain retreats in Central Asia, here are six destinations worth considering for an alternative August escape. Stay up to date with the latest…

Oil prices fell more than 3% on Thursday as investors focused on signs of weaker global demand and rising U.S. crude stocks, though prices drew some support from stalled talks over the blockaded Strait of Hormuz. Brent futures were down $1.93, or 2.2%, at $87.05 a barrel at 11:01 a.m. ET or 1601 GMT, trimming gains accumulated over the previous six sessions. U.S. West Texas Intermediate (WTI) crude fell $1.82, or 2.2%, to $81.45 after advancing over the past five sessions. Earlier in the session, Brent slid as much as 3.5%, while WTI fell by as much as 3.8%. The…

Twenty years after ‘Kabhi Alvida Naa Kehna’ hit theatres, filmmaker Karan Johar has opened up about the strong reactions the film received when it was released in 2006. The film, which dealt with marriage, love and extra-marital relationships, had divided audiences and sparked a lot of debate.Looking back at the film’s release, Johar recalled watching a paid preview at a cinema a night before the film opened. He said he quietly sat among the audience and noticed a middle-aged couple reacting strongly to a scene involving Shah Rukh Khan and Rani Mukerji’s characters, Dev and Maya.Johar recalled that the couple…

An inexperienced India missing several key players face Sri Lanka in Galle from Saturday in the first of two Tests with coach Gautam Gambhir under immense pressure.Pace spearhead Jasprit Bumrah, spinner Washington Sundar and batter Sai Sudharsan are all out injured for the visitors, who have eight wins and 10 defeats in 20 Tests under Gambhir.India suffered a 2-0 home defeat to South Africa in November and are fifth in the World Test Championship (WTC) standings, with their opponents sixth.Shubman Gill’s side have handed maiden call-ups to spinner Saransh Jain and fast bowler Auqib Nabi, who has impressed in domestic…

ADGM licence enables launch of tokenised securities platform as Coinbase expands its presence in on-chain capital markets and digital financeAbu Dhabi: Coinbase has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), enabling it to establish its international tokenisation hub in Abu Dhabi.The licence authorises Coinbase to arrange deals in investments and provide custody services, forming the foundation for the launch of its tokenised securities business and broader tokenisation operations from ADGM.Coinbase said the move represents the first step in addressing barriers that limit access to capital markets for billions…

RAS AL KHAIMAH, 13th August, 2026 (WAM) — Ras Al Khaimah Economic Zone (RAKEZ) continued its 2026 Growth Series with an interactive workshop at Compass Coworking Centre, focusing on structured sales approaches for entrepreneurs and business owners. The session equipped participants with practical tools to evaluate sales pipelines, address execution gaps, and establish mechanisms to convert opportunities into sustainable results. The workshop highlighted RAKEZ’s commitment to providing practical insights into operational challenges, emphasizing structure and discipline in sales processes to enhance execution. Ramy Jallad, Group CEO of RAKEZ, stated that sustainable business growth requires structured systems alongside opportunity generation. He…

Satellite flown from Dubai to Los Angeles on Emirates SkyCargo Boeing 777 freighter ahead of launch in October 2026 Dubai — Emirates SkyCargo has completed the transport of Altair-1, the UAE’s first commercial AI-enabled earth observation satellite. Part of Orbitworks’ Altair constellation, the movement of the satellite highlights a landmark achievement in the UAE’s vision to become a global leader in space and advanced technologies. Altair-1 was flown on an Emirates SkyCargo Boeing 777 freighter aircraft from Dubai (DWC) airport to Los Angeles (LAX) ahead of its scheduled launch in October 2026. Altair is a multi-sensor satellite constellation developed and…

AJMAN, 13th August, 2026 (WAM) — Ajman Chamber has been awarded certification to ISO 11367:2025, the international standard for service excellence, becoming the first local entity in Ajman and the first chamber of commerce and industry in the UAE to receive this certification. The achievement reflects the Chamber’s leadership and commitment to applying the latest global standards in service development and enhancing the customer experience. ISO 11367:2025 is among the latest international standards issued by the International Organization for Standardization (ISO) in the field of service excellence, reflecting Ajman Chamber’s continued commitment to excellence, innovation and continuous improvement in service…