Author: Editorial team

HONG KONG, 15th July, 2026 (WAM) — The dollar extended its weakness on Wednesday after tumbling from ​a two-week high. Against the yen, the dollar fetched 162.08, down 0.1 percent. The euro and the British pound each gained 0.1 percent, trading at $1.1433 and $1.3401, respectively. The New Zealand dollar was also well bid at $0.5819, hovering around its strongest level in ​a month, while the Australian dollar was steady at $0.6983. The US dollar index, which measures the currency against a ​basket of six peers, was a shade weaker at 100.81. It fell 0.35 percent in the previous session…

KUWAIT, 14th July, 2026 (WAM) — Kuwait’s General Staff of the Armed Forces announced today that the country’s air defence systems are intercepting hostile missile and drone attacks. In a statement carried by the Kuwait News Agency (KUNA), the General Staff said that any explosions heard are the result of the air defence systems intercepting the hostile attacks. Source: Emirates News Agency

Abu Dhabi tenants could soon have the option of paying their annual rent in monthly instalments instead of writing one or more post-dated cheques, as a new digital payment platform backed by the emirate’s real estate authorities moves closer to launch. Advanced Real Estate Services (ADRES), which is partnering with UAE PropTech company Keyper, said pilot deployments have already begun with three of Abu Dhabi’s largest landlords and property managers, with the first tenants and landlords expected to be onboarded in the fourth quarter of 2026. The company said the Rent Now, Pay Monthly (RNPM) service has the support of Abu…

DUBAI, 14th July, 2026 (WAM) — Nasdaq Dubai today welcomed the listing of a US$300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities transaction. The US$300 Million Additional Tier 1 Perpetual Non-Call 5.5-year Sukuk was structured under a Mudaraba arrangement and carried a profit rate of 6.50 percent. The Additional Tier 1 Perpetual Sukuk supports Ajman Bank’s strategy by strengthening its regulatory capital base and diversifying its funding sources. It builds on the Bank’s inaugural senior Sukuk issuance last year, reflecting its continued engagement with the capital markets. The transaction attracted…

BRUSSELS, 14th July, 2026 (WAM) — Foreign Ministers from the Gulf Cooperation Council and the European Union met today at the High Level Forum on Regional Security and Cooperation in Brussels to discuss regional developments in the Gulf and the Strait of Hormuz. Lana Nusseibeh, Minister of State, represented the UAE. The meeting was co-convened by EU High Representative Kaja Kallas, GCC Secretary General Jasem Mohamed Albudaiwi, and Bahrain’s Foreign Minister Dr. Abdullatif bin Rashid Al Zayani, and took place on the sidelines of the Foreign Affairs Council of EU ministers. Nusseibeh also conducted a series of high-level political consultations…

The weather in the UAE on Tuesday, July 14, will be fair to partly cloudy in general, according to the National Centre of Meteorology (NCM). Light to moderate winds are set to blow throughout the day, with humidity peaking at night and Wednesday morning over some western coastal areas. The sea will be slight in the Arabian Gulf and slight to moderate, becoming rough at times, in the Oman Sea. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Temperatures are set to reach 45°C in Abu Dhabi, Dubai and Sharjah. On the lower side, the…

ABU DHABI, 14th July, 2026 (WAM) — Abu Dhabi Securities Exchange (ADX) Group honoured brokerage firms, listed companies and post-trade service members at its Annual Members Recognition Awards, recognising their contributions to the development of Abu Dhabi’s capital markets during 2025. A total of 29 awards were presented during the ceremony, held on 13th July alongside the launch of six new single-stock futures on ADX’s derivatives market. In 2025, ADX recorded a 12.6 percent increase in trading value to AED342 billion, while trading by foreign investors rose 13.8 percent. Institutional investors generated AED600 billion in buy and sell activity, up…

Fadi Kanafani, General Manager – Technology and Karim Moustafa, Regional Business Development Manager. Yas Holding Technology has been honoured with the prestigious Digital Transformation Enabler for Public Sector award at the recently held GovTech Innovation Forum & Awards 2026, in recognition of its outstanding contribution to accelerating digital transformation across government organisations in the UAE.  The award celebrates organisations that have demonstrated excellence in enabling public sector entities to embrace innovative technologies, modernise operations and deliver secure, efficient and citizen-centric digital services. Receiving this recognition underscores Yas Holding Technology’s commitment to empowering government organisations with future-ready technology solutions that drive operational excellence, innovation and long-term digital resilience.  The GovTech Innovation Forum & Awards brings together senior government leaders, technology decision-makers and industry…

Abu Dhabi Police have urged the public to use electric scooters responsibly and in accordance with road safety regulations, warning that improper use poses serious risks to riders and other road users. The police have shared a video warning residents of the perils of riding e-scooters on main roads, without following traffic laws. The video contained several incidents of road safety violations committed by e-scooter riders, some of which led to serious accidents. Some clips showed riders crossing main roads in a dangerous manner, while others rode in the opposite direction of traffic, risking their own and other motorists’ lives.…

AJMAN, 14th July, 2026 (WAM) — At the direction of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, the Ajman Land and Real Estate Regulation Department has announced the exemption of citizens who are beneficiaries of Sheikh Zayed Housing Programme loans from mortgage release fees — coinciding with the “Year of Family”, and in embodiment of the UAE’s commitment to supporting the family and enhancing quality of life. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Land and Real Estate Regulation Department, affirmed that the decision translates the leadership’s…