Author: Editorial team

BRUSSELS, 7th July, 2026 (WAM) — The European Union has reaffirmed its commitment to implementing the Entry/Exit System (EES) for biometric border controls, rejecting calls from the aviation sector to suspend the scheme despite travel disruption at airports and border crossings since its introduction. The system, which entered into force this year, requires travellers from outside the European Union to register their fingerprints and facial images when entering the Schengen Area. Its rollout has resulted in long queues and flight delays due to technical issues and implementation challenges. A European official in Brussels said today that suspending the system entirely…

DUBAI, 7th July, 2026 (WAM) — His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the 29th edition of the Dubai International Holy Quran Award (1448H – 2027). The launch follows the introduction of the Award’s new developmental vision, “In Search of the Most Beautiful Quran Recitation in the World,” unveiled during the previous edition. Through a series of groundbreaking enhancements, the vision has positioned the Award among the world’s most distinguished Quran awards while further strengthening Dubai’s leading role in serving the Holy Quran and honoring its memorisers from around…

Anthropic recently finalised a 20-year lease agreement with data centre developer TeraWulf which is expected to generate $19 billion in contracted revenue over the initial term. TeraWulf is to provide a purpose-built AI infrastructure campus at its Justified Data site in Hawesville, Kentucky, accommodating approximately 401MW of critical IT load. The campus is to be developed in phases, with initial capacity expected to be online in the second half of 2027 and full capability by early 2028. TeraWulf chair and CEO Paul Prager said the company previously told investors it expected to secure a major customer commitment around the end…

The UAE has become the first country in the world to certify a purpose-built commercial vertiport for electric air taxi operations, marking a major milestone in the development of next-generation urban transport. The General Civil Aviation Authority (GCAA) announced that VDX, developed by Skyports Infrastructure, has received regulatory certification for electric vertical take-off and landing (eVTOL) aircraft operations. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Located adjacent to Dubai International Airport, VDX will serve as the flagship hub of Dubai’s planned air taxi network, with three additional vertiports currently under development in partnership with…

Traveling the world doesn’t have to be expensive. Many destinations offer incredible experiences at surprisingly affordable prices, allowing travelers to enjoy stunning landscapes, rich cultures, and unforgettable adventures without stretching their budgets. From the mountains of Nepal to the beaches of Sri Lanka and the historic streets of Vietnam, these countries prove that memorable travel is possible on almost any budget. Here are five of the best budget-friendly destinations to consider for your next trip. 1. Vietnam Vietnam has long been a favorite destination for budget travelers, thanks to its affordable prices, delicious street food, and extensive transport network. Once…

DUBAI, 7th July, 2026 (WAM) — The Julius Baer Global Wealth and Lifestyle Report 2026 affirmed that Dubai continues to strengthen its position as a leading regional and global hub for attracting wealth, successfully combining luxury lifestyles, entrepreneurship and future-focused innovation. The report highlighted Dubai’s luxury real estate sector as one of its strongest attractions, offering highly competitive value compared with the record-high property prices in major Asian and European cities, helping to sustain the inflow of wealthy individuals. The lifestyle data presented in the report also showed that Dubai is an exceptionally competitive market for spending on high-value goods…

The Government of Fujairah has signed an agreement with Etihad Refinery, a subsidiary of Etihad Energy Holding PJSC, to purchase the refinery’s gasoline production. The agreement represents a strategic step that reflects the Government of Fujairah’s commitment to supporting and enabling strategic projects, strengthening the security and sustainability of the energy sector, and reinforcing the Emirate’s position as a leading regional and global hub for petroleum industries and logistics services, in line with its sustainable economic development objectives. His Excellency Mohammed Al Dhanhani, Director of the Emiri Diwan in Fujairah, said: “This agreement reflects the Government of Fujairah’s vision to…

BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, has been appointed as an official Market Maker for the Retail T-Sukuk: Local Currency Islamic Sukuk Issuance, reinforcing its commitment to enhancing liquidity and supporting the continued development of the UAE’s capital markets. The appointment reflects BHM Capital’s growing role in providing market-making services across a diverse range of listed securities, while contributing to greater market efficiency, improved price discovery, and enhanced trading activity on Nasdaq Dubai. As Market Maker, BHM Capital will be responsible for providing continuous two-way quotes for the Retail T-Sukuk issuance,…

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UAE Vice President Sheikh Mansour bin Zayed Al Nahyan on Tuesday, July 7, issued a resolution establishing a specialised court for human trafficking crimes. The court will oversee all human trafficking cases across Abu Dhabi. Ongoing cases will also be transferred to the new court, unless they have already reached the final stage before a ruling. Created under Resolution No.40 of 2026, the court brings all stages of the legal process under one specialised system — from investigations and prosecutions by the dedicated Public Prosecution to hearing in the Court of First Instance Courts of Appeal. This will then help…