Author: Editorial team
The Registration Authority of Abu Dhabi Global Market has imposed financial penalties totalling $100,000 (approximately Dh367,250) on an audit firm and its registered audit principal following significant failures identified during a regulatory inspection.The penalties were imposed on PKF Accountants and Business Advisers LLP, an ADGM-registered audit firm, and its registered audit principal, Saranga Omprakash Lalwani, for failing to meet required professional auditing standards.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The regulator fined PKF $65,000 (Dh238,712), while Lalwani received a separate penalty of $35,000 (Dh128,537).Inspection reveals significant audit deficienciesThe enforcement action followed an on-site inspection conducted…
Rwanda is entering the Oscars international feature race for the first time, submitting Marie-Clementine Dusabejambo’s ‘Ben’Imana’ for consideration at the 99th Academy Awards, reported ‘Variety’. According to the outlet, Dusabejambo’s acclaimed debut feature, told through the eyes of a community of women in Rwanda, premiered in Cannes Film Festival’s Un Certain Regard section and won the Camera d’Or and Fipresci prize. It then had its North American debut at Toronto Film Festival, and will screen at London Film Festival in October.“In 2012, 18 years after the genocide against the Tutsi, a Rwandan village is still learning how to live with itself,”…
The relief response reflects the UAE’s longstanding humanitarian approach and its commitment to international solidarity with countries and communities affected by natural disasters Abu Dhabi: Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the United Arab Emirates, through the UAE Aid Agency, has announced an urgent humanitarian response to assist those affected by severe thunderstorms that recently struck Paraguay, damaging homes, buildings and property across several parts of the country. The relief response reflects the UAE’s longstanding humanitarian approach and its commitment to international solidarity with countries and communities affected by natural disasters. It aims…
UAE real GDP hits AED961.9bn in H1 2026, up 0.4% y-o-y, as non-oil GDP grows 1.8% to 79.2% share; finance and insurance lead growth while Q2 sees a 2.1% decline amid regional travel disruptionsDUBAI: The Federal Competitiveness and Statistics Centre (FCSC) announced that the UAE’s real Gross Domestic Product (GDP) reached AED961.9 billion at constant prices in the first half of 2026, recording growth of 0.4 percent compared to the same period in 2025.Non-oil GDP grew by 1.8 percent, increasing the contribution of non-oil activities to 79.2 percent of the national economy, compared to 78.1 percent during the corresponding period…
The Foundation aims to advance the arts and orchestral music in Dubai, strengthen the emirate’s regional and international cultural standing, preserve local artistic heritage, and showcase the UAE’s musical excellence Dubai: In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (20) of 2026 establishing the Dubai Orchestra Foundation. The Foundation aims to advance the arts and orchestral music in Dubai, strengthen the emirate’s regional and international cultural standing, preserve local artistic heritage, and showcase the UAE’s musical excellence. It will also support…
MARRAKECH, 9th October, 2026 (WAM) — EDGE has signed a contract with Morocco’s Administration of National Defence (ADN), the body overseeing defence procurement for the Royal Armed Forces, to supply its DESERT STING 16 (DS-16) guided-glide weapon and THUNDER P-31 precision-guided munition to the Royal Moroccan Air Force (RMAF). Signed at the Marrakech Air Show 2026, the contract covers the supply of both weapons and their integration across the RMAF’s fleet of unmanned combat aerial vehicles (UCAVs). The contract reflects EDGE’s long-term commitment to the Kingdom of Morocco and to Africa, one of its priority growth markets. EDGE works with…
The Wireless Broadband Alliance (WBA) recently advocated for the inclusion of Wi-Fi technology in future 6G standards, citing the widespread availability as a factor. The specialist Wi-Fi industry body believes the next connectivity shift will fall short without the technology and called on the wider telecoms industry to look at ways it can work alongside mobile networks to deliver ubiquitous coverage. WBA president and CEO Tiago Rodrigues branded Wi-Fi “fundamental” to ubiquitous coverage ambitions, highlighting indoor connectivity as a prime example. The WBA recently released a report explaining why it believes Wi-Fi should be a core element of 6G and…
The launch of the airlift marks another step towards achieving the humanitarian bridge’s target of delivering more than 10 million meals to Gaza residents Dubai: Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), in cooperation with Operation Chivalrous Knight 3, began operating flights carrying food aid through Al Maktoum International Airport on Friday as part of the Ahmed bin Rashid Humanitarian Bridge to support Palestinians in the Gaza Strip. The launch of the airlift marks another step towards achieving the humanitarian bridge’s target of delivering more than 10 million meals to Gaza residents. It follows the completion of meal preparations…
The UAE’s Future 100 initiative has attracted $100 million (Dh367 million) in investments through its partners, benefiting more than 53 startups, as the country steps up efforts to support entrepreneurship and accelerate the growth of businesses in emerging economic sectors.The announcement was made by Abdulla bin Touq Al Marri, UAE Minister of Economy and Tourism and Co-Chair of Investopia’s Board of Trustees, during Investopia Bridge 2026 in Abu Dhabi, where the initiative honoured its third cohort of 100 companies.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The initiative, jointly launched by the Ministry of Economy and…
Harry Styles has opened up about how his early years of fame with One Direction made him uncomfortable going out in public, and how walking helped him overcome that feeling.In a recent interview with ‘Rolling Stone’, the British singer spoke with Radiohead frontman Thom Yorke about fame, music and the importance of staying connected to everyday life.Harry explained that during his time with One Direction, he often felt restricted to hotels and private spaces because of the attention surrounding the band.”I think in the early days, when I was in the band, so much of the hotel experience felt very locked-in,”…