Author: Editorial team
ABU DHABI, 5th August, 2026 (WAM) — IHC today announced its financial results for the six-month period ended 30th June 2026. IHC reported revenue of AED64.9 billion, representing an increase of 34.5% year-on-year, while profit after tax reached AED26.2 billion, compared with AED8.9 billion in the corresponding period of 2025. Gross profit increased by 41.0% to AED16.8 billion, and earnings per share rose to AED8.21. According to a press statement issued by the company today, the results reflect continued growth across several of the Group’s operating sectors, alongside the contribution from IHC’s investment activities and active portfolio management. Revenue growth…
Property owners and real estate operators in Abu Dhabi have until September 16, 2026, to apply for or renew building occupancy certificates under a grace period announced by the Department of Municipalities and Transport.Applications must be submitted through a classified engineering consultancy using the Municipal e-Permitting System.The directive forms part of the implementation of Administrative Decision No. 1 of 2024, which regulates the Building Occupancy and Legalisation Certificate Programme.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The department said the framework is intended to ensure buildings are structurally safe and suitable for use, while supporting residents’…
Ariana Grande has reassured fans that her decision to step away from the spotlight after her Eternal Sunshine tour is one she made long before the recent wave of online speculation about her appearance, insisting that the break is a positive and carefully considered choice rather than a reaction to criticism.The Grammy-winning singer spoke directly to concertgoers during a recent show, days after her team confirmed she would take a hiatus from public facing work once her tour concludes in London on September 1.”I just wanted to speak to my friends directly tonight because I love you so much,” Ariana told the…
The death of British-Nepali mountaineer Nirmal Purja on Broad Peak in Pakistan’s Karakoram range recently left the climbing world shocked. However, what has emerged since is not just a period of mourning, but also a wider debate about rescue timelines and the ground realities of emergency response at extreme altitudes. The incident, which also claimed the lives of other climbers and support staff, has drawn global attention because of the questions raised over how quickly rescue efforts were able to begin. As the discussion spread online, some climbers took to social media to ask if the emergency alarm could’ve been…
KHDA event brings together 100 Emirati educators as Dubai advances plans to increase the number of Emirati teachers in private schools to 3,000 by 2033 Dubai: Emirati educators have highlighted Dubai’s commitment to empowering national talent and expanding opportunities for Emiratis within the private education sector, underscoring the vital role teachers play in shaping future generations and strengthening national identity. The comments were made during the Emirati Educator Forum, organised by the Knowledge and Human Development Authority (KHDA), which brought together around 100 Emirati teachers from private schools and early childhood centres across Dubai. The forum forms part of the…
AJMAN, 5th August, 2026 (WAM) — Sheikh Humaid bin Ammar Al Nuaimi, Member of the Executive Council and Leader of the Ajman Artificial Intelligence Programme, announced the launch of the programme’s executive phase, marking the start of its institutional implementation across government entities. The move follows the completion of the programme’s Enablement and Governance Committee; the organisation of the Executive Team; the announcement of the programme’s launch; the issuance of the executive orders regulating the commencement of work and setting the applicable timelines, and the inventory of existing AI use cases across government entities. Sheikh Humaid said the phase aims…
ABU DHABI, 5th August, 2026 (WAM) — The Federal Tax Authority (FTA) has confirmed that the Digital Tourist VAT Refund System continues to expand across the UAE, delivering strong operational results during the first half of 2026. The number of retail outlets registered with the Authority and electronically connected to the system rose by 5.9% to approximately 19,340 outlets by the end of June 2026, compared with 18,260 outlets at the end of the first half of 2025. The FTA added that 449 retail outlets were connected to the system during the first six months of 2026, compared with 697…
Fuel volumes hit an all-time high while non-fuel retail growth, network expansion and inventory gains drive strong first-half performanceAbu Dhabi: ADNOC Distribution reported record financial results for the first half of 2026, with net profit rising 59% year-on-year to $568 million, supported by strong operational performance, higher fuel volumes, network expansion and inventory gains.The company said reported EBITDA increased 39% to $786 million, while underlying EBITDA climbed 14% to $603 million compared with the same period last year.Growth was driven by record fuel sales, continued expansion of its retail network and sustained momentum in its higher-margin non-fuel retail (NFR) business.Record…
Residents and visitors can enjoy specially curated dishes for just Dh10 at more than 170 restaurants across over 700 locations in Dubai as the popular Dh10 Dish campaign returns as part of Dubai Summer Surprises (DSS). Running until August 30, the month-long initiative includes participating restaurants across malls, cafés, food halls and neighbourhood dining destinations. No bookings or vouchers are required; customers can simply visit participating outlets and request the Dh10 dish. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Here’s the list of participating restaurants; Something savoury? The Daily at Rove Hotels: Rove Poke…
The Ministry of Economy and Tourism said it will continue adding more products and retail outlets through its price monitoring platform as the country reaffirms its commitments to monitor the price of essential goods.The Ministry’s Essential Goods Prices Platform, launched in April amid the height of regional tensions, attracted approximately 143,720 visitors between mid-April and July, with an average of more than 1,451 visits per day, the Ministry said.The Ministry said on Wednesday that the platform has strengthened the market oversight ecosystem across retail outlets in the country by continuously monitoring the prices of essential goods and providing accurate analyses…