Author: Editorial team
Growth in logistics, marine services and international ports offsets lower activity at Jebel Ali as the company invests $1.5 billion in global expansionDubai: DP World reported revenue of $12.7 billion for the first half of 2026, up 13.1 percent year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.Growth across Logistics, Marine Services and DP World’s international Ports and Terminals portfolio helped offset lower activity at Jebel Ali. Excluding Jebel Ali, container volumes increased 6.5 percent on a like-for-like basis, with growth across Africa, Asia Pacific, Europe and the…
CAIRO, 14th August, 2026 (WAM) — Mohammed Ahmed Al Yamahi, President of the Arab Parliament, strongly condemned Iran’s blatant targeting of two tankers belonging to UAE company ADNOC while they were transiting the Strait of Hormuz. He stressed that repeated attacks on commercial vessels and international maritime routes constitute a dangerous escalation, a threat to regional security and stability and global energy security, and a flagrant violation of international law and relevant UN Security Council resolutions. In a statement on Friday, Al Yamahi stressed that the security of international maritime routes, freedom of navigation and safe passage are not subject…
The expansion of the UAE’s partnership network coincides with record levels of non-oil foreign trade, which reached AED1.937 trillion during the first half of 2026. Abu Dhabi: The UAE is continuing to expand its network of economic and trade partnerships with global markets, as part of efforts to strengthen the openness of the national economy, diversify export markets, enhance the competitiveness of the private sector and national products, and reinforce the country’s position as a global hub for trade and investment. The number of Comprehensive Economic Partnership Agreements (CEPAs) signed by the UAE has reached 38 since the launch of…
BEIJING, 15th August, 2026 (WAM) — China’s inclusive loans to small and micro enterprises maintained steady growth in the second quarter, official data showed Friday. Outstanding inclusive loans to small and micro enterprises reached 38.9 trillion yuan (about US$5.73 trillion) at the end of the second quarter, up 8 percent year on year, according to the National Financial Regulatory Administration. Outstanding inclusive loans related to agriculture stood at 15 trillion yuan, up 7.5 percent year on year. Friday’s data also showed China’s banking institutions held 498 trillion yuan in renminbi and foreign-currency assets, up 6.6 percent year on year, while…
Businesses are adopting autonomous AI agents faster than they are putting governance frameworks in place, raising concerns over accountability, cybersecurity and operational resilience, according to new research from Optro.The study found that one in three organisations already use AI in critical resilience workflows, yet agentic AI failures, including loss of control and autonomous decision-making errors, remain among the least-tested business disruption scenarios. Nearly 30 per cent of organisations surveyed said they had never tested for such failures.The report, titled When AI Leaves the Chat and Enters the Workflow, argues that organisations are moving beyond conversational AI tools and increasingly deploying…
Whitney Houston’s unforgettable I Wanna Dance with Somebody era is getting Barbie-fied.Mattel has unveiled a new Whitney Houston Barbie Signature doll, immortalising the late music icon in one of the most colourful and instantly recognisable looks of her career. The collectible takes inspiration from the vibrant music video for the 1987 pop classic, recreating Houston’s joyful aesthetic at a time when she was cementing her place as one of the defining voices of her generation.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The release arrives amidst a milestone year for Houston’s legacy. In 2026, the singer…
U.S. appeals court orders reconsideration of DJI’s Pentagon blacklist status, challenging claims it supports China’s military and affecting future Defense Department contracting bansA U.S. appeals court on Friday ordered a lower court to reconsider whether China-based DJI, the world’s largest drone maker, should be removed from a Pentagon list of companies allegedly supporting Beijing’s military.The U.S. Court of Appeals for the District of Columbia Circuit ruled that the lower court erred by relying only on the unclassified record in concluding that the company contributes to the Chinese defense industrial base.DJI is one of a growing number of Chinese companies challenging…
QUITO, 14th August, 2026 (WAM) — Daniel Noboa, President of the Republic of Ecuador, received Omar Sultan Al Olama, Minister of State for Artificial Intelligence, and Envoy of the Minister of Foreign Affairs to the Republic of Ecuador. Al Olama conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, to President Noboa, along with their wishes for further progress and…
ROME, 14th August, 2026 (WAM) — Italy’s annual inflation rate fell slightly to 2.9 percent in July from 3 percent in June, according to the Italian National Institute of Statistics (Istat). Italian news agency (ANSA) reported that Istat said the slight slowdown in inflation mainly reflected price dynamics in non-regulated energy products, whose annual increase eased from 13.3 percent to 11.4 percent, unprocessed food, from 4.4 percent to 3.6 percent, and miscellaneous services, from 2.5 percent to 1.8 percent. On a monthly basis, Istat’s consumer price index rose by 0.3 percent in July. Source: Emirates News Agency
Iraq’s stock market outperformed most major regional exchanges in July, supported by gains in banking shares and improving economic ties with the United States, even as trading activity slowed during the summer months.The Rabee Securities Iraq Stock Exchange Index (RSISX) gained 1.6 per cent during the month, outperforming markets including Bahrain, Qatar, Muscat, Dubai and Saudi Arabia. The advance was driven primarily by gains in Al-Mansour Bank, Bank of Baghdad and Iraqi Islamic Bank.Investor sentiment was also supported by strengthening economic relations between Iraq and the US, according to market data released by Rabee Securities.Banking stocks played a central role…