Author: Editorial team

Micron Technology and the Ford Motor Company recently signed a long-term agreement for the supply of memory chips for next-generation vehicle production. Micron Technology noted the Strategic Customer Agreement (SCA) with Ford comes as it increases output of key products tailored to the long product lifecycles of the automotive segment. It also pointed to an ongoing strategy to expand local manufacturing for customers in the sector, including through advanced Dynamic Random-Access Memory (DRAM) production in the US state of Virginia. Micron Technology chair, president and CEO Sanjay Mehrotra said “as vehicles become more intelligent and data-intensive, the importance of advanced…

ABU DHABI, 8th July, 2026 (WAM) — Saeed Al Hajeri, Minister of State at UAE Ministry of Foreign Affairs, said that despite global and regional challenges, the UAE’s economy continues to thrive — proving its remarkable resilience and stability. Below is the full statement of Minister Al Hajeri: “Our economic strength stems from historically solid fundamentals, global connectivity, institutional depth and an ability to be agile in response to changing market forces. This powerful combination of factors will allow us to emerge even stronger from current geopolitical dynamics. Taking foreign investment alone as an indicator, over the past months around…

[Editor’s Note: Follow Khaleej Times live blog after the signing of the MoU between the US and Iran.] The UAE has strongly condemned the Iranian attack targeting the Saudi-flagged crude oil tanker ‘Wedyan’ as it transited the Strait of Hormuz. The US Central Command earlier said that it renewed attacks on Iran in retaliation for strikes on three commercial vessels transiting the strait, including Marshall Islands-flagged M/T Al Rekayyat, Saudi Arabia-flagged M/T Wedyan and Liberian-flagged M/T Cyprus Prosperity. Iran’s Revolutionary Guards said it struck 85 targets in Bahrain and Kuwait after US retaliatory strikes on the Islamic Republic on Tuesday. Stay…

KUWAIT, 8th July, 2026 (WAM) — The UAE topped the list of Arab destinations for foreign direct investment (FDI) in 2025, attracting US$48.2 billion, representing 40.4 percent of the total. It also ranked first in the Arab world and 17th globally in Dhaman’s 2025 Composite Investment Climate Index, improving by two places compared with the 2024 index. According to UNCTAD estimates cited in Dhaman’s annual report, FDI inflows to Arab countries fell 10 percent to US$119.3 billion in 2025. More than 80 percent of total inflows were concentrated in three Arab countries, while the region’s share of global FDI declined…

Dubai’s metro expansion is being built with the help of advanced engineering technology, as the Roads and Transport Authority (RTA) continues to use smart construction methods to improve speed, accuracy and efficiency. Latest techniques are being deployed in tunnelling works to support the emirate’s growing transport network and future infrastructure needs. In a video published on Wednesday, the RTA showed how, before the metro station is built, an engineering journey unfolds underground. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Months ago, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the…

DUBAI, 8th July, 2026 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, congratulated four Emirati students from Dubai Schools – Al Khawaneej on winning the gold medal at the International Greenwich Olympiad, held in London from 14th to 20th June 2026. The competition brought together outstanding students from more than 80 countries. H.H. Sheikh Hamdan said, “Investing in young national talent is a strategic priority as we prepare future generations to lead in a rapidly changing world. Creative minds…

DUBAI, 8th July, 2026 (WAM) — Nestlé has officially inaugurated the SparX Innovation Hub at its new Head Office in Expo City Dubai. SparX combines the power of artificial intelligence with deep local insight to fuel growth through faster, smarter, and more impactful innovation. The hub leverages it to uncover emerging consumer opportunities, inspire breakthrough ideas, accelerate experimentation, and develop products, services, and experiences that create lasting value for consumers and the business across the region and beyond. The inauguration was attended by Reem AlHashimy, Minister of State for International Cooperation and CEO of Expo City Dubai Authority; Abdulla bin…

DUBAI, 8th July, 2026 (WAM) — The Government of Dubai Media Office (GDMO) has launched a new International Media Briefing series, offering leading global media a closer look at the vision, ideas and initiatives shaping Dubai’s future through conversations with the leaders driving the development of vital sectors. The first session in the series featured Hamed Ali, Chief Executive Officer of Dubai Financial Market (DFM) and Nasdaq Dubai, who met with representatives of international media for an in-depth discussion on the transformation of Dubai’s capital markets and the long-term strategies underpinning the emirate’s rise as a global financial centre. During…

Artificial intelligence is moving beyond chatbots and productivity assistants. Across the UAE, organisations are beginning to deploy AI agents capable of supporting legal, finance, HR, procurement and customer operations. The technology is advancing rapidly, yet one question is becoming increasingly important: what governance should exist before AI is trusted with business-critical workflows?  At Elchai Group, we have built an AI-native operating model where AI supports 52 defined business functions across the organisation. AI prepares work, analyses information and accelerates decision-making, but every external action remains under human accountability. No document, customer communication or regulatory submission leaves the organisation without approval from a named decision-maker through an independent control process. …

The day on Wednesday will be partly cloudy and cloudy at times northward and eastward, the National Centre of Meteorology has said. Light to moderate Southwesterly to Northwesterly winds will blow, freshening at times especially over the sea westward, with a speed of 10–25, reaching 40 kmph. Temperatures could be as high as 48ºC in the country. Mercury is set to rise to 41ºC in Abu Dhabi and to 40ºC in Dubai.  Stay up to date with the latest news. Follow KT on WhatsApp Channels. However, temperatures could be as low as 30ºC in Abu Dhabi, 31ºC in Dubai and…