Author: Editorial team
TOKYO, 10th August, 2026 (WAM) — Japan recorded a current account deficit in June for the first time in 17 months, data from the finance ministry showed on Monday, as robust investment in domestic markets from overseas investors boosted the size of dividend payouts. The deficit in the current account stood at 92.3 billion yen ($584.51 million) in June. The net balance for primary income from securities and direct investment, usually the biggest driver of Japan’s current account surplus, shrank by 74 percent to 380 billion yen due to larger dividend payouts from Japanese companies to foreign investors. For the…
OMODA & JAECOO has continued its remarkable global growth trajectory, reporting 69,739 vehicle sales in July 2026, an increase of nearly 150% year-on-year and marking the brand’s seventh consecutive month of triple-digit growth. New Energy Vehicles (NEVs) accounted for 56,587 units, representing more than 81% of total monthly sales, while cumulative global sales reached 448,849 units by the end of July, reinforcing the company’s ambition to achieve annual sales of one million units by 2027. The strong global momentum is mirrored in the UAE, where OMODA & JAECOO has surpassed 5,000 vehicle deliveries within its first year of operations, supported…
Bullion slips on profit-taking after strong jobs-driven rally, while markets focus on upcoming US CPI and PPI data and continued uncertainty over the Strait of HormuzDubai: Gold prices edged lower on Monday as investors locked in profits after the precious metal reached a seven-week high in the previous session, while attention shifted to upcoming US inflation data for signals on the Federal Reserve’s interest-rate outlook.Spot gold fell 0.3% to $4,330.46 per ounce by 0443 GMT, after reaching its highest level since 17 June on Friday following weaker-than-expected US employment data.US gold futures were down 0.2% at $4,390.60 per ounce.”Gold is…
NCM says eastern and southern regions could see afternoon rainfall, while winds freshen and temperatures remain in the mid-40s. Dubai: Temperatures are holding steady in the mid-40s across the UAE today, as the NCM forecasts fair to partly cloudy weather today. The authorities expect convective cloud formation by this afternoon, over some eastern and southern areas, associated with a chance of rainfall. Light to moderate southeasterly to northeasterly winds are also expected to freshen at times, reaching up to 40km/h inland, and causing blowing dust and sand. Temperatures stay high The NCM forecasts temperatures in coastal and island areas to…
Pakistan International Airlines (PIA) has approved a one basic salary bonus for its employees, in a decision taken during the airline’s 102nd board meeting – the first to be held under its new private management.The airline described the move as recognition of its workforce, noting in a statement that “a strong organisation starts with its people.”The bonus is aimed at rewarding what the airline called its “dedicated” team, as the national carrier looks to strengthen operational performance and support plans for future expansion.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The announcement comes months after PIA…
An Argentine soccer jersey with the name of Lionel Messi hangs next to placards outside El Prado Cemetery, following the death of Lionel Messi’s father, Jorge Messi, in Perez, Rosario department, ArgentinaRodrigo Messi, brother of footballer Lionel Messi, leaves El Prado Cemetery, following the death of his father Jorge Messi,Matias Messi, brother of footballer Lionel Messi, leaves El Prado Cemetery, following the death of his father Jorge MessiA man takes a picture of a funeral wreath for the Messi family of El Prado cemetery on the outskirts of Rosario, Santa Fe province, ArgentinaArgentina’s football star Lionel Messi, his wife Antonela…
SARATOGA, 9th August, 2026 (WAM) — Sovereignty excelled on his return to Saratoga as he put a star-studded field of older horses to the sword with a commanding victory in the G1 Whitney Stakes on Saturday, 8th August. North America’s reigning Horse of the Year had put up imposing wins at the New York course in last summer’s G1 Belmont Stakes, G2 Jim Dandy Stakes and G1 Travers Stakes, but was lining up having been defeated on both his four-year-old starts. Given a patient ride by Junior Alvarado, Sovereignty broke on terms and tacked over to settle in a clear…
School bags, uniforms, and notebooks are making their way back into homes across the UAE. This year, another question is likely to follow many students back into the classroom — what should they actually be using AI for?Students begin the 2026-27 academic year on August 31 under the UAE’s approved academic calendar. Artificial intelligence is also no longer something sitting entirely outside the classroom, with AI introduced as a formal subject across UAE public schools from kindergarten to Grade 12.But using AI for schoolwork does not necessarily mean asking a chatbot to write an essay or solve a homework question.…
DUBAI, 9th August, 2026 (WAM) — Emirates and Arsenal Sunday unveiled The Aircrafted Arsenal Crest, a striking 2.4-metre-high sculpture handcrafted from upcycled components sourced from the airline’s Airbus A380 and Boeing 777 aircraft. Revealed today at Emirates Stadium, the illuminated installation transforms aviation components into one of football’s most recognisable symbols. The Crest has been created to celebrate 20 years of the Emirates and Arsenal partnership and its extension through to 2033. Its unveiling follows Arsenal’s Premier League-winning season and marks the beginning of a new chapter in one of world sport’s longest-running and most recognisable partnerships. Created in 34…
Decision follows ruling by Dubai Court of Cassation and highlights growing judicial cooperation between the UAE and Ireland in combating transnational organised crime Abu Dhabi: The UAE has approved the extradition of Irish national Daniel Kinahan to Ireland following a final ruling by the Dubai Court of Cassation, marking a significant step in judicial cooperation between the two countries in the fight against transnational organised crime. The development was announced following a phone call between Abdullah bin Sultan bin Awad Al Nuaimi, UAE Minister of Justice, and Jim O’Callaghan, Ireland’s Minister for Justice, Home Affairs and Migration. Kinahan is regarded…