Author: Editorial team

Spot gold gained 1 percent to US$4,092.43 per ounce, while US gold futures climbed 1.5 percent to US$4,149.50 per ounce.Gold prices rose 1 percent on Tuesday, supported by lower oil prices, which eased inflation concerns and reduced expectations of further increases in US interest rates. File photograph.New York: Gold prices rose 1 percent on Tuesday, supported by lower oil prices, which eased inflation concerns and reduced expectations of further increases in US interest rates.Spot gold gained 1 percent to US$4,092.43 per ounce, while US gold futures climbed 1.5 percent to US$4,149.50 per ounce.Among other precious metals, spot silver rose 2.8…

ABU DHABI, 4th August, 2026 (WAM) — A delegation from the 2026 Jiu-Jitsu World Championship conducted a visit to the Innovation Centre at Zayed Authority for People of Determination in Abu Dhabi on Tuesday to learn more about the Authority’s pioneering work in supporting, rehabilitating and empowering People of Determination. The delegation included Mohamed Salem Al Dhaheri, Vice Chairman of the UAE Jiu-Jitsu and Mixed Martial Arts Federation; Panagiotis Theodoropoulos, President of the Jiu-Jitsu International Federation; Yousef Abdullah Al Batran and Mohammed Bin Dalmouj Al Dhaheri, members of the Federation’s Board of Directors; representatives of the Federation; heads of the…

Counterpoint Research has recently revealed that global smartphone revenue rose 7% year-on-year in Q2 2026 to an historic $109 billion. This revenue makes for the highest second-quarter total on record even as shipments declined. The disconnect between rising revenue and falling volumes was driven by average selling prices (ASPs), which rose 17% to a record high of $400, fuelled by sustained demand for premium devices and memory-driven price hikes across Android portfolios. Apple was the standout performer, with revenue up 22% to the brand’s highest-ever Q2 total. The growth was supported by a 13% rise in shipments alongside an 8%…

AJMAN, 4th August, 2026 (WAM) — Ajman University’s Bachelor of Science in Accounting has been awarded the CGMA Future-Ready Academic Validation Seal, an international distinction conferred by the Association of International Certified Professional Accountants (AICPA & CIMA). Awarded following a rigorous external review, the validation recognises programmes that prepare graduates for a profession being reshaped by artificial intelligence, digital transformation, sustainability, and data-driven decision-making. The recognition confirms that Ajman University’s curriculum aligns with the competencies underpinning the CGMA Professional Qualification, integrating digital technologies, analytics, integrated reporting, and sustainability throughout the student learning experience. Rather than treating these as emerging specialisations,…

ABU DHABI, 4th August, 2026 (WAM) — Agthia Group PJSC (AGTHIA:UH), one of the region’s leading food and beverage companies, today reported its first-half and second-quarter of 2026 results, reflecting the growing impact of its multi-year transformation, with stronger cash generation, a materially healthier balance sheet, and a 14.4% increase in the interim dividend. The Group’s transformation gathered pace in H1 2026, as Agthia advanced its portfolio reset while navigating external challenges and cost pressures. For the first half, Group Revenue increased 7.4% year-on-year to AED 2.6 billion, underpinned by one-off sales under the UAE food security programme that reflected…

Sheikh Mohamed bin Zayed commends team for showcasing the UAE’s achievements and securing prestigious international design recognition Abu Dhabi: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received the team behind the UAE Pavilion at Expo 2025 Osaka, commending their efforts in showcasing the country’s achievements and strengthening its global presence. During the meeting, Sheikh Mohamed discussed the delegation’s experiences and the insights gained through their participation in the international exhibition. The UAE President praised all those who contributed to the success of the pavilion, highlighting their role in presenting the UAE’s inspiring development journey to a global…

Stock indexes rose sharply on Tuesday, with the Dow and S&P 500 hitting record highs following upbeat forecasts from Caterpillar and other companies, and oil prices extended recent sharp declines. A global stock index also hit a record intraday high. The Japanese yen weakened, but held on to most of its intervention-driven gains after last week’s joint action by Tokyo and Washington to support the currency. Weighing on oil were comments by Qatari and U.S. officials that raised hopes for a diplomatic resolution to the Iran war that could improve oil flows through the Strait of Hormuz. U.S. Secretary of…

Wealth often brings luxury, but not everyone chooses to spend it that way. Some of the world’s richest celebrities have stayed true to the practical habits they developed long before fame, proving that success doesn’t always change the way they live.Here are a few celebrities who have stayed true to those modest habits despite their success.1. Tom Holland, estimated net worth: $25 millionTom Holland recently reminded fans of that after admitting he still shares streaming subscriptions with friends and family.While promoting Spider Man: Brand New Day during an interview with LADbible, the actor laughed that he probably “shouldn’t say this,” before revealing he…

Fifa on Tuesday dismissed as “pure fiction” a report that its President Gianni Infantino had sought support from US President Donald Trump’s administration after the collapse of a plan to sell a stake in World Cup commercial rights.The denial came after the New York Post reported on Monday that Infantino had repeatedly tried and failed to reach Trump by phone since his proposal was abandoned on Friday and that he felt isolated amid mounting criticism.”The Fifa President has not made any call to the US President, or any members of his administration, in recent days. It is pure fiction,” Fifa…

SHARJAH, 4th August, 2026 (WAM) — Sharjah Investment Forum (SIF) 2026 has secured Gulftainer as a strategic sponsor, bringing one of the region’s largest ports and logistics operators to the forefront of global discussions on supply chain resilience and economic competitiveness. Announced by the Sharjah FDI Office (Invest in Sharjah), the sponsorship reinforces the Forum’s ambition to connect high-level dialogue with the infrastructure, investments and public-private partnerships that will shape a more adaptive and resilient world at a time when governments and businesses face rapid shifts in the global economic landscape. Organised in collaboration with the UAE Ministry of Investment…