Author: Editorial team
Buyers and sellers are urged to follow official ownership transfer procedures to avoid costly legal disputes Abu Dhabi: People have become embroiled in complex legal disputes because of excessive trust in used car transactions, attractive price offers and reliance on verbal agreements while ignoring official ownership transfer procedures. Courts across the UAE have heard several cases involving one party withdrawing from an agreement, with some deals linking the value of a vehicle to the settlement of accumulated traffic fines, while others relied on post-dated cheques as undocumented guarantees. Traffic expert Dr Jamal Al-Amiri urged buyers and sellers to avoid verbal…
Institutional demand continues to support the cryptocurrency, but macroeconomic and geopolitical pressures could determine its next moveDubai: Bitcoin is entering a pivotal phase in the fourth quarter of the year as monetary, economic and geopolitical factors converge to shape the direction of the world’s largest cryptocurrency by market capitalisation.Investors are closely watching interest rate expectations, the US dollar, oil prices and institutional investment flows. While institutional demand remains one of the market’s main sources of support, Bitcoin faces potential pressure from a stronger dollar, oil prices rising above $105 a barrel, persistent inflation concerns and the direction of US monetary…
LONDON, 12th October, 2026 (WAM) — Carlo Buontempo, Director of the EU’s Copernicus Climate Change Service (C3S), has warned that global temperatures are likely to remain above 1.5°C over pre-industrial levels into 2027, amid intensifying El Niño conditions and exceptional heatwaves. The warning came as the service announced on Monday that September 2026 was the second-warmest September ever recorded globally, with an average surface air temperature of 16.27°C, marking the second consecutive month with global temperatures exceeding 1.5°C above pre-industrial levels. September was the joint-warmest on record for western Europe and the third-warmest for Europe as a whole. Prolonged dry…
Victim’s compensation claim referred to the civil court after conviction for assault causing temporary injuries Ajman: The Ajman Federal Court of First Instance has sentenced a man to six months in prison and fined him AED5,000 after convicting him of assaulting a woman and causing injuries that prevented her from carrying out her personal activities for less than 20 days. The court also referred the victim’s civil claim for compensation to the competent civil court for consideration. The ruling was issued despite the defendant denying the charge during investigations and before the court. However, the court relied on the victim’s…
SINGAPORE, 12th October, 2026 (WAM) — Oil prices fell on Monday, with Brent crude futures declining US$1.54, or 1.47 percent, to US$103.18 per barrel. US West Texas Intermediate (WTI) crude stood at US$90.31 per barrel, down US$1.54, or 1.68 percent. Source: Emirates News Agency
Gold prices were steady in Dubai at the start of the week as the Indian festival of Navratri began on Sunday.According to Dubai Jewellery Group data, 24K gold was trading at Dh505.5 per gram on Monday, while 22K, 21K and 18K gold were priced at Dh468, Dh448.75 and Dh384.75 per gram, respectively.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The 14K variant, the most affordable type of gold, was trading at Dh300 per gram on Monday morning.Navratri, the nine-day Indian festival, is considered an auspicious period for gold purchases. Many people buy gold jewellery, coins and…
Court finds insufficient evidence that the money transfers were linked to a marriage agreement or subject to repayment Dubai: The Dubai Civil Court of First Instance has dismissed a lawsuit filed by a man seeking to recover AED1.137 million from a woman whom he claimed had promised to marry him. The claimant said he had transferred the money to the woman in instalments for specific personal purposes in preparation for their marriage, before she later changed her mind and rejected his proposal. However, the court concluded that the evidence submitted did not prove the funds were transferred for that purpose.…
DUBAI, 11th October, 2026 (WAM) — The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion. The expansion aims to strengthen Oraseya Capital’s capacity to support companies with global growth potential, while reinforcing its role in the entrepreneurship and innovation ecosystem, and contributing to the objectives of the Dubai Economic Agenda, D33, further supporting Dubai’s position as a global hub for venture capital and future industries. H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said, “Doubling the size of…
Temperatures ease to 37°C in Dubai and Sharjah as convective clouds bring a chance of afternoon showers, while dust warnings are in place for internal areas Dubai: Keep your eye on the sky – it might rain in Dubai today. The National Centre of Meteorology (NCM) forecasts fair to partly cloudy weather today, with a chance of convective cloud formation eastward that may extend to some internal areas by the afternoon. This means there is a chance that regions like Al Ain, Dubai and Sharjah may experience rainfall. Foggy and dusty conditions Humidity will continue to rise by tonight and…
A mother from Abu Dhabi is preparing a will that would require her child’s future guardians to consult ChatGPT when making major decisions about his upbringing if she dies while he is still young, in an unusual proposal that could test the role of artificial intelligence in estate planning.The proposed ‘Living Wishes Protocol’ would allow the guardians to use a designated AI system, currently identified in the draft as ChatGPT, alongside a written record of the mother’s values, beliefs, parenting philosophy, and wishes for her son.The AI would not be appointed as a guardian and would have no legal authority…