Author: Editorial team

BRUSSELS, 27th July, 2026 (WAM) — The annual growth rate of the broad monetary aggregate M3 in the euro area increased to 3.3% in June 2026 from 3.0% in May, averaging 3.0% in the three months up to June., according to the European Central Bank’s report on monetary developments in the euro area for June 2026. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 3.4% in June from 3.7% in May. The annual growth rate of short-term deposits other than overnight…

As the back-to-school season approaches, UAE health experts are urging parents to prioritise the seasonal influenza vaccine alongside their back-to-school shopping, emphasising that early vaccination is crucial to protect children and the wider community from the flu virus. With students preparing to return to classrooms, doctors stress that September is the ideal time to get the flu shot, as it takes up to two weeks for the body to build immunity. Importance of early vaccination Dr Mansoor Anwar Habib, Consultant in Family Medicine and Occupational Health, highlighted the critical role of the seasonal flu vaccine in mitigating the severity of…

DUBAI, 27th July, 2026 (WAM) — Beit Al Khair Society announced that its total expenditure on charitable projects during the first half of 2026 reached AED 122,623,804, as part of its ongoing efforts to strengthen social solidarity and support underprivileged families and eligible beneficiaries across the UAE. According to the Society’s financial data, the expenditure was allocated as follows: AED 50,495,072 was disbursed through zakat programMEs, while AED 72,128,732 was allocated to charitable donation (sadaqah) projects. This distribution reflects the diversity of the Society’s charitable initiatives and their broad scope in addressing the needs of various eligible groups. Beit Al…

With an 8100mAh battery, IP69K protection, AI Image-to-Video 2.0 and a starting price of Dh899, HONOR’s latest 5G smartphone is built for users who want endurance, durability and everyday intelligence without moving into flagship pricing HONOR’s new X7e Plus 5G is positioned as a smartphone for users who value reliability, long battery life and durability over premium-device excess. At a starting price of AED 899, the device brings together a massive 8100mAh battery, 45W HONOR SuperCharge, 5G connectivity and a broad set of AI-powered features. The strongest highlight is clearly the battery. With an 8100mAh capacity, HONOR says the X7e…

Dubai has introduced a ‘Happiness Card’ which carries a wide range of offers, discounts, and exclusive benefits for those who participate in the Dubai Weddings initiative. The General Directorate of Identity and Foreigners Affairs – Dubai (GDRFA Dubai) signed a Memorandum of Understanding (MoU) with the Community Development Authority (CDA) in Dubai to support the Dubai Weddings initiative under the Sheikha Hind bint Maktoum Family Programme, as part of the Year of the Family. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Couples who are in the Dubai Weddings programme can use the Happiness Card…

ABU DHABI, 27th July, 2026 (WAM) — Core42, a G42 company specializing in AI infrastructure, sovereign cloud, and digital transformation, has published a new whitepaper examining how organizations can scale artificial intelligence while maintaining control over cost, performance, and data sovereignty. Titled Efficiency Wins the Inference Era, the whitepaper focuses on the changing economics of AI inference, the process through which a trained model generates a response or completes a task each time it is used. As generative AI becomes embedded in daily business operations, each interaction consumes tokens, the units a model processes to interpret prompts and generate outputs.…

SHARJAH, 27th July, 2026 (WAM) — The Project Finance Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (RUWAD), of Sharjah Economic Development Department (SEDD), held its third meeting in 2026, chaired by Hamad Al Mahmoud, Chairman of the SEDD. Held at the SEDD’s headquarters, the Project Finance Committee reviewed the approved project funding balance for 2026 and a summary of funding decisions issued through the institution’s direct funding program and indirect funding through banks. Hamda Al Hammadi, a member of the Technical Committee for Project Financing, presented the list of projects that submitted funding requests and requested reconsideration of…

For nearly a decade, Obaid Ateeq Alkaabi dreamed of opening a coffee business. One harsh review almost made him give up on that dream for good. Coffee had always been part of his life. Growing up, he watched his family roast and prepare Emirati coffee at home, where serving guests was about far more than the drink itself. “My family used to roast and prepare Emirati coffee in front of us, and I grew up loving it.” His fascination deepened in 2015 after visiting a roastery that was experimenting with specialty coffee beans while preserving the traditions of Emirati coffee.…

DUBAI, 27th July, 2026 (WAM) — Aster Clinics UAE, the largest private primary care network under the Aster DM Healthcare GCC group, is strengthening its long-term commitment to the country through sustained expansion, enhanced clinical capabilities, and deeper community integration. Aster Clinics UAE plans to expand its network from 85 to over 100 facilities across the UAE by 2030, through a combination of multiple expanded clinics and new clinics. The expansion is expected to increase staff strength to 4,100 across the UAE and is backed by an investment commitment of AED100 million. The new facilities will introduce speciality centres, strengthen…

Nokia has recently highlighted its early progress in a strategic shift focused on AI-related opportunities in its Q2 results. They went on to express confidence on securing a buyer for its Enterprise Campus Edge business and unveiled a deal to up U.S. manufacturing. The vendor announced the under review campus edge business unit, which includes part of its enterprise private networks offering, is being shunted into its discontinued operations accounting bracket alongside the fixed wireless access CPE business it has already agreed to sell to Inseego. Nokia deems an agreement to sell the business “highly probable”. The forecast sale is…