Author: Editorial team
The Dubai Civil Court confirmed that a criminally punished cheque issuer still owes the full amount, ruling that delivering a cheque does not discharge a debt unless payment is actually received Dubai: The Dubai Civil Court of First Instance ruled that a man of Arab nationality must pay another person the sum of Dh2.5 million, the value of an amount he borrowed from him in 2015 to help him pay for goods belonging to his business establishment, after he had issued him a cheque for the same amount. The cheque bounced when presented to the bank due to a difference…
CAPITALS, 25th September, 2026 (WAM) — Oil prices edged lower on Friday after rising to a one-week high on Thursday. Brent crude fell 87 cents, or 0.82 percent, to US$105.73 a barrel at 02:12 GMT, while West Texas Intermediate declined US$1.56, or 1.65 percent, to US$93.05 a barrel. Brent settled 3.4 percent higher on Thursday, while West Texas Intermediate gained 2.7 percent. Source: Emirates News Agency
The Central Bank’s first interest rate increase in three years has boosted savings returns while banks hold back on raising loan rates. Here’s what borrowers and savers need to know Abu Dhabi: Banks operating in the country maintained their financing offers for individuals and companies, following the Central Bank’s decision to raise the base rate by 25 basis points, the first increase in interest rates in more than three years, following a similar action by the US Federal Reserve due to the policy of pegging the dirham to the dollar. The increase appeared more quickly in deposit returns, as the…
The Department of Health is collecting reports of adverse reactions from peptides used for weight loss, anti-aging and muscle building, especially those sourced from social media, friends or online sellers Abu Dhabi: The Abu Dhabi Department of Health has provided an online form for reporting health problems or side effects that individuals may experience after using peptide products, and for investigating where these products were obtained. This is part of its efforts to enhance patient safety and monitor the effects associated with the use of these products. The department explained that peptide products are medications or products containing small proteins…
Customers have been assured that remittances from the UAE to India will not be disrupted by a proposed nationwide bank strike in the South Asian country.The United Forum of Bank Unions (UFBU) has said it will go ahead with the strike from September 28 to 30, despite appeals from the Department of Financial Services, the Indian Banks’ Association and bank managements to defer it. The unions, which claim to represent 90 per cent of the banking workforce, are seeking a five-day banking week.Stay up to date with the latest news. Follow KT on WhatsApp Channels.“The proposed bank strike in India…
Before April 2024, Rucha Daryani’s days were filled with school runs, two young children and workshops for women trying to reconnect with themselves. At 38, she was building The Mum Identity Project and thinking about what she wanted to do next.A stroke was nowhere in those plans.“I had a clear sense of who I was and what I was doing, and I had never once considered that a stroke was something that could happen to me at 38,” she told Khaleej Times.Daryani had gone to hospital because her ferritin, a measure of the body’s iron stores, was low. She said…
Matthew Breetzke scored a superb 112 to guide South Africa to a 67-run victory over Australia in the first one-day international in Durban on Thursday, but the tourists will rue the loss of cheap wickets as they faltered in their chase.South Africa posted 297 for eight in their 50 overs and Australia were well on course after a fast start, until poor shot selection caused their charge to collapse and they finished on 230 all out, losing their last nine wickets for 101 runs.Australia will welcome the likely return of captain Pat Cummins for the second match in the three-game…
SHARJAH, 24th September, 2026 (WAM) — ASAS Real Estate, the real estate arm of Sharjah Islamic Bank, has announced the start of infrastructure development works across 11 residential, commercial and industrial land projects in the Emirate of Sharjah. The comprehensive development plan covers internal roads, electricity, water and telecommunications networks, and street lighting, helping prepare the projects for the next stages of construction and development. The works aim to provide the infrastructure and essential services needed to prepare the land for construction, in coordination with the relevant Sharjah government entities and in accordance with approved technical requirements and quality standards.…
The partnership brings together SettleMint’s lifecycle platform and Utila’s secure, AI-ready digital asset infrastructure. Tokenization is no longer a proof-of-concept exercise. As banks, fintechs, and market infrastructure providers prepare to bring digital assets into live operating environments, security and automation are becoming the difference between experimentation and scale. SettleMint, the company behind the Digital Asset Lifecycle Platform (DALP), and Utila, a digital asset infrastructure provider for fintechs, banks, and enterprises, have signed a Memorandum of Understanding to help institutions build tokenization projects with stronger wallet security, policy controls, settlement workflows, and AI-ready transaction infrastructure. The collaboration targets a pressing gap in…
Chinese EV makers like Geely, BYD and Li Auto race toward 5-minute ultra-fast charging with megawatt systems, tackling heat and safety risks while expanding flash-charging networks and infrastructureBEIJING: Chinese EV makers have another battleground in their quest for technological supremacy: ultra-fast charging.No longer satisfied with 30-minute top-ups, automakers such as Geely, BYD, and Li Auto are now racing to deliver charging speeds that mimic the 5-minute gasoline stop. That sprint to deliver extreme charging speeds has intensified as manufacturers seek to ease consumer range anxiety – and rekindle demand in the world’s biggest car market, where growth has slowed.But pushing…