Author: Editorial team
Tata Trusts, the group’s charitable arm, owns about 66% of Tata Sons which controls more than 30 group companiesThe chairman of India’s Tata Sons, N. Chandrasekaran, said on Wednesday that he has resigned in light of the lack of board approval for his reappointment amid tensions with the charity arm that controls the salt-to-aviation Tata Group.Tata Sons controls more than 30 companies in the conglomerate, including Tata Consultancy Services (TCS) , Tata Motors and Air India, but is in turn 66% owned by Tata Trusts, the group’s charitable arm.Disagreements have been brewing between Chandrasekaran and Tata Trusts over the past…
ABU DHABI, 12th August, 2026 (WAM) — Abu Dhabi National Insurance Company (ADNIC) today announced its financial results for the first half of 2026, reflecting disciplined underwriting, strategic diversification and continued international expansion despite a challenging operating environment. The Group delivered a net profit before tax of AED225.1 million, while profit after tax for the six-month period stood at AED201 million. Despite external headwinds, ADNIC’s underlying business remained resilient, supported by disciplined underwriting, prudent risk management and the continued strength of its core operations. For the six-month period, ADNIC’s total insurance revenue stood at AED4.1 billion, compared to AED4 billion…
As the world marks International Youth Day, Federal Express Corporation (FedEx), the world’s largest express transportation company, and INJAZ UAE, a member of Junior Achievement (JA) Worldwide, are celebrating six years of collaboration in equipping young people across the UAE with the skills, confidence, and entrepreneurial mindset needed to succeed in a rapidly evolving economy. During the 2025–2026 academic year, the collaboration reached 1,088 high school and university students across Dubai, Abu Dhabi, and Ajman through 19 interactive workshops delivered across 12 educational institutions. Supported by FedEx employee volunteers, students gained practical knowledge in areas including resume building, interview preparation,…
The NCM forecasts possible rain in eastern areas, while cooler UAE mountains could offer better conditions for stargazing. Dubai: It’s another warm day in the UAE, marked by partial cloud cover and a chance of rainfall in the eastern region of the country. According to the National Centre of Meteorology (NCM), the weather will be fair to partly cloudy today, with the probability of convective cloud formation in the eastern parts of the country by the afternoon. This means you may see rainfall, if you are located in places like Fujairah, Kalba and Khor Fakkan. Steady mid-40s heat Temperatures are…
Talabat raised its full-year 2026 guidance across all key financial metrics after second-quarter revenue increased 16 per cent year-on-year to $1.14 billion, supported by a growing customer base and stronger grocery and retail activity. Gross merchandise value, or GMV, reached $2.92 billion, up 11 per cent on a reported basis and 12 per cent at constant currency. Adjusting for the earlier timing of Eid Al Fitr, underlying GMV growth was about 15 per cent. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The company said first-half performance came in ahead of its previous full-year expectations,…
WASHINGTON, 12th August, 2026 (WAM) — OpenAI on Monday said it is expanding Daybreak, its exclusive cybersecurity initiative, to help give its participants access to the “right capabilities” that they need to help defend themselves from attackers. The company first introduced Daybreak in May, shortly after its chief rival Anthropic launched its own cybersecurity coalition called Project Glasswing. OpenAI positioned Daybreak as a way for its ecosystem partners to use its most advanced artificial intelligence models to adapt to a rapidly changing threat landscape. OpenAI said Monday that it is expanding the programme to include two different access tiers: Daybreak…
ROME, 12th August, 2026 (WAM) — Italian exports rose 1.6 percent in June from May and 9.8 percent from a year earlier, the National Institute of Statistics (Istat) said on Tuesday. Imports increased by 1.2 percent in month-on-month terms and 13.2 percent year-on-year (YoY), Italian news agency (ANSA) said, citing data from Istat. Exports to EU countries increased by 6.7 percent with respect to May 2026, while exports to non-EU countries dropped by 3.6 percent. Imports from EU and non-EU countries increased 1.1 percent and 1.4 percent, respectively. On a YoY basis, exports to EU countries rose 15.1 percent and…
Presight reported a 30.2 per cent increase in second-quarter profit after tax to Dh116.8 million, supported by strong revenue growth, record domestic order intake and continued expansion across international markets.Revenue for the quarter rose 36.1 per cent year-on-year to Dh713.2 million, while EBITDA increased 37.4 per cent to Dh143.7 million.Stay up to date with the latest news. Follow KT on WhatsApp Channels.For the first half of 2026, revenue increased 28.9 per cent to Dh1.4 billion, EBITDA rose 23.2 per cent to Dh302.7 million and profit after tax climbed 19.5 per cent to Dh250.7 million.Domestic orders reach record Dh2.5 billionPresight recorded…
Thaikkudam Bridge’s origin story is as unconventional as their music. Thirteen years after they “accidentally” became a band, the group is coming to Dubai to perform. They will share the stage with iconic singers like Usha Uthup and Benny Dayal at Thaalam Beats, a South Indian music festival taking place at Dubai’s Coca-Cola Arena on August 15.The performance is particularly significant for the band. “This is the first time we are playing at the Coca-Cola Arena,” said lead guitarist of the band Mithun Raj, speaking to Khaleej Times on Zoom from India. “We have played in a few arenas in…
Hosts UAE ended the 2026 Jiu-Jitsu World Championship on a high note, with the national team crowned world champions in both the Adult and Under-21 Newaza divisions after nine days of competition at Mubadala Arena.More than 1,500 athletes from around the world competed across different age groups and disciplines in Abu Dhabi, with the UAE enjoying a strong campaign on home soil and finishing the championship with 65 medals, including 18 gold, 17 silver and 30 bronze.The Adult Team produced one of the standout results of the championship. Along with winning the Newaza world title, the UAE finished top of…