Author: Editorial team
China Evergrande founder Hui Ka Yan sentenced to life in prison as Chinese court orders property confiscation and fines Evergrande and Hengda amid $300B debt crisisHONG KONG: The billionaire founder of China Evergrande Group, the world’s most-indebted property developer, was sentenced to life in prison on Thursday by a Chinese court, which ordered all his personal property confiscated.Hui Ka Yan pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud and illegally taking public deposits.Evergrande, once China’s premier developer, has defaulted since 2021 on most of its $300 billion in liabilities, its troubles emblematic of a crisis…
AACHEN, Germany, 22nd August, 2026 (WAM) — Paris 2024 Olympian Omar Abdul Aziz Al Marzooqi and Enjoy de la Mure delivered an exceptional clear round under the lights in Aachen on Friday evening to secure their place in Sunday’s FEI Jumping World Championship Individual Final, the youngest rider to make the cut. Returning to Aachen’s famous Main Stadium following a clear in Wednesday’s opening Speed Competition and a four-fault performance over Thursday’s demanding 1.65m course, Omar and Enjoy produced another faultless performance in the Second Individual Qualifier when it mattered. The result leaves the pair on a championship score of…
One of the most interesting conversations I have with founders is not about whether they want to enter the Middle East. Increasingly, that decision has already been made. The more difficult question is how they should build a presence that allows them to compete across the region without losing the speed and focus that made them successful in the first place. For decades, international expansion followed a familiar playbook. A company would establish itself in one market, build local relationships, understand the regulatory environment and then repeat the process in the next country. That model made sense when markets were more…
Eight-year-old Liverpool fan Isaac Kearney got the surprise of a lifetime after travelling to Turkey to meet his football idol, Mohamed Salah.Isaac, who lives with the rare genetic condition Wolf-Hirschhorn syndrome, was flown to Trabzon with his family for the special meeting, thanks to Salah’s new club, Trabzonspor, and Turkish Airlines, according to a post shared on Isaac’s Instagram account.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The trip was documented by Isaac’s mother, who shared a vlog showing the family’s journey with Turkish Airlines. The footage captured the excitement of the trip, from their travel…
ROME, 22nd August, 2026 (WAM) — Italy’s natural gas reserves have approached 80 %, more than two months ahead of the October 31 storage deadline, though levels remain lower than those recorded at the same point last year. According to data released by Gas Infrastructure Europe (GIE), Italian gas storage reached 79.78 percent, equivalent to approximately 162.3 TWh, compared to 85.56 percent (173.7 TWh) during the corresponding period last year. Across Europe, overall gas storage exceeded 61 percent, standing at 61.37 percent (around 693.6 TWh). This marks the lowest level recorded for this time of year since 2009, down from…
Launched by Hamdan bin Mohammed, community initiative features weekly sports events and valuable prizes that encourage positive competition and sustained participation More than 100,000 people have so far taken part in the second edition of Dubai Mallathon, collectively logging over 220 million steps in the first two months since the community sports initiative was launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai. Dubai Mallathon is continuing to draw strong participation from across the community…
Parkin Company, Dubai’s largest parking operator, will add 5,000 smart cameras for on-street parking, a top executive said. The cameras will be smart and powered by solar panels, and will seamlessly integrate within key parking areas, the official added.In phase one of the project, announced earlier this year, 1,000 cameras were deployed across key on-site parking areas, also with smart, solar-powered cameras.“There is now auto deduction of auto payments, especially in the malls, multi-storey car park, on- street, which we’re continuing to have a first time for on-street parking and will enhance the customer experience,” Parkin’s CEO Mohamed Al Ali told Khaleej…
Manav Suthar is barely two Tests into his international career but India skipper Shubman Gill is convinced they have unearthed a long-term spin prospect in the 24-year-old, who bowled them to victory in the opening test in Galle on Wednesday.The left-arm spinner, who made his India debut against Afghanistan in June, finished with a 10-wicket match haul, including six in the second innings.”He has been bowling magnificently, even in the first match he played in India and in this match as well,” Gill said of the Rajasthan bowler.”He looks like a promising guy and someone who can play for India…
ABU DHABI, 22nd August, 2026 (WAM) — The seventh edition of the IMMAF Youth World Championships is nearing its conclusion following the second day of Youth A competition at Mubadala Arena in Abu Dhabi today. The championship concludes tomorrow, Sunday, after seven days of competition featuring more than 1,100 athletes from 55 countries. The UAE National Team has won 19 medals, including six gold, six silver and seven bronze. Competition in Youth A, the championship’s oldest age category for athletes aged 16–17, continued with closely contested bouts as athletes competed for places in the final rounds. Mubarak Saleh Al Menhali,…
Irfan Shaikh. Founder and Managing Director Irfan Shaikh shares how intelligent automation, AI-powered analytics and an integrated digital ecosystem are driving operational excellence, scalability, and customer-centric innovation Artificial intelligence is transforming every aspect of business, from operations and customer engagement to decision-making and long-term growth. At Office Connect Group, AI is more than a technology upgrade. It is driving a fundamental transformation across the organisation’s diverse business verticals. Through intelligent automation, advanced analytics and an integrated digital ecosystem, the company is building a more agile, scalable and customer-centric enterprise. In this interview, Irfan Shaikh, Founder and Managing Director, Office Connect…