Author: Editorial team
DUBAI, 29th July, 2026 (WAM) — Dubai’s Roads and Transport Authority (RTA), in collaboration with Keolis MHI, operator of Dubai Metro and Dubai Tram, has undertaken a comprehensive overhaul of the tunnel ventilation systems (TVS) across all underground stations and associated facilities on the Red and Green Lines. The comprehensive rehabilitation programme aims to improve the operational performance of the ventilation systems and enhance air quality, thereby supporting the long-term safety of the Dubai Metro network. It also reflects RTA’s strategic efforts to maintain world-class service standards across the network. Dawood Alrais, Director of Rail Maintenance at RTA’s Rail Agency,…
ABU DHABI, 29th July, 2026 (WAM) — The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities. The Base Rate, which is anchored to the US Federal Reserve’s IORB, signals the general stance of monetary…
DUBAI, 29th July, 2026 (WAM) — The General Directorate of Identity and Foreigners Affairs in Dubai (GDRFA Dubai) organised a field tour for media representatives at the Centre for harbouring in Al Awir to introduce them to the Centre’s integrated system and services. The Centre provides comprehensive care for people who are unable to travel to their home countries due to various circumstances. During the tour, participants were briefed on the Centre’s facilities and operating mechanisms, which embody Dubai’s vision and approach to transforming humanitarian principles into sustainable institutional practices whose impact is reflected on individuals and society. The tour…
Amazon Leo readies 5K satellites for D2D plan. Source: Tahawul Tech
Two participants won Dh100,000 each in Wednesday night’s UAE Lottery draw after matching five numbers and the Lucky Number in the latest Lucky Day Draw. The winning numbers for Lucky Day Draw 260729, held on July 29, were 4, 10, 11, 13, 18 and 31, while the Lucky Month Number was 7. According to results published by UAE Lottery, no winner was recorded for the Dh30 million Grand Prize or the Dh5 million Second Prize. Stay up to date with the latest news. Follow KT on WhatsApp Channels. However, two players secured the Dh100,000 third prize by matching five numbers…
ABU DHABI, 29th July, 2026 (WAM) — Modon Holding PSC (Modon or the Group) today reported record first-half results for the six months ended 30 June 2026, building on the momentum established over the past two years. H1 2026 Group Highlights: • Group revenue reached a semi-annual record of AED 9.2 billion, a 40% year-on-year increase, driven by growth across multiple segments with accelerated development progress, a full half-year contribution from Arena following its acquisition in May 2025, improved hospitality performance, and resilient recurring leasing income. • Group Adjusted EBITDA¹ reached AED 3.0 billion and Group net profit AED 2.2…
Patients who need to lower their cholesterol will soon have a powerful new option. The Food and Drug Administration recently approved a new pill called enlicitide that can lower cholesterol levels substantially more than statins alone. The drug, which was developed by Merck and will be sold under the brand name Lipfendra, is expected to go on the market in the coming weeks. Here’s what to know. Q: How does the new pill compare with other cholesterol treatments? A: Lipfendra adds to the list of treatments that can lower low-density lipoprotein, or LDL, a form of cholesterol that, at high…
DUBAI, 29th July, 2026 (WAM) — Dubai Aerospace Enterprise (DAE) has reported financial results for the six months ended June 30, 2026, with revenue rising to $865.9 million from $843.6 million in the same period last year. Profit before tax and exceptional items increased to $229.9 million, compared with $217.1 million in the first half of 2025, while the company maintained a strong pre-tax profit margin of 26.6%. DAE’s operating cash flow stood at $594 million, with available liquidity increasing to $4.4 billion. Selected Business and Operating Highlights: Number of aircraft acquired: 18 (owned: 17; managed: 1) Number of aircraft…
H. Mohamed Janahi. H. Mohamed Janahi, CEO of Graystone Capital, explains how digitisation, data-led advisory and tailored capital structures are transforming corporate access to capital Digital trade finance, working capital digitisation and data-led advisory are transforming how companies access capital. Automated document verification, compliance screening and data analysis are accelerating financing decisions, while real-time insights into trading activity and cash flows are helping businesses secure funding structures that better reflect their operational needs. For mid-sized and large corporates navigating tighter liquidity, choosing the right balance of debt, equity and alternative capital has become increasingly important. Technology can streamline execution and…
UAE President Sheikh Mohamed bin Zayed Al Nahyan has arrived in the Slovak Republic on a working visit. Accompanying the President are Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; and a number of ministers and senior officials. Source: Khaleej Times