Author: Editorial team
DUBAI, 6th May, 2026 (WAM) — Oraseya Capital, the investment arm of the Dubai Integrated Economic Zones Authority (DIEZ), has been ranked the most active investor in the United Arab Emirates by number of deals for the second consecutive year, according to the 2025 Most Active Investors in MEA, Africa and SEA report issued by MAGNiTT. The firm also secured a Top Three ranking across the MENA region, reinforcing its role in advancing the UAE’s innovation-driven economic agenda and strengthening the regional venture capital ecosystem. The fiscal year 2025 report confirms that Oraseya Capital completed 25 investments during the year,…
DUBAI, 7th May, 2026 (WAM) — Hessa bint Essa Buhumaid, Director-General of the Community Development Authority in Dubai (CDA), hosted Bishop Paolo Martinelli, Apostolic Vicar of Southern Arabia, at the Authority’s headquarters. During the meeting, he conveyed his greetings and appreciation to the leadership and people of the UAE, expressing his gratitude for the precautionary measures implemented to regulate places of worship, which reflect the wise leadership’s commitment to safeguarding the health and wellbeing of citizens and residents under all circumstances. Bishop Paolo Martinelli affirmed that the balanced approach adopted by the UAE, one that harmonises the protection of public…
Dubai’s Roads and Transport Authority (RTA) has launched a field campaign to verify the readiness of air-conditioned bus shelters and passenger waiting facilities ahead of summer 2026 as temperatures climb across the emirate. The campaign covers 895 shelters across 621 locations, with teams inspecting and maintaining systems to ensure efficient operation during peak heat. Thousands of daily commuters rely on these cooled waiting areas, especially during long waits and midday travel. “RTA is committed to ensuring the readiness of all service facilities used by the public and linked to public transport. Inspections are conducted around the clock, with immediate corrective…
ABU DHABI, 6th May, 2026 (WAM) — One year after its launch at Make it in the Emirates 2025, Emirates Growth Fund (EGF) returned to MIITE 2026 to mark its first anniversary with two landmark announcements: the launch of the National Champions Programme (NCP) — a trilateral initiative with the Ministry of Industry and Advanced Technology (MOIAT) and the Ministry of Economy and Tourism (MOET) to systematically scale the UAE’s most capable industrial SMEs — and the signing of a strategic industrial resilience agreement with MOIAT and ADNOC to strengthen domestic supply chains and accelerate the localisation of critical industrial…
SARAJEVO, 7th May, 2026 (WAM) — Dubai Basketball opened their campaign in the quarter-finals of the Adriatic Basketball Association League for the 2025-2026 season with a commanding 102-74 victory over Serbia’s Spartak Office Shoes in a match held today in Sarajevo. Dubai Basketball imposed their dominance from the outset after delivering a strong performance both defensively and offensively, steadily widening the gap throughout the game. Dzanan Musa starred with 31 points, recording his highest tally of the current season in the competition, while Mfiondu Kabengele delivered an impressive performance with 16 points, 12 rebounds and five assists. With the result,…
The UAE has rejected allegations by Sudan that an Emirati drone was involved in an attack on Khartoum airport, describing the accusations as “unfounded” and part of a “deliberate propaganda” campaign. In a statement, a UAE official said the country has noted a “marked increase” in what it described as baseless accusations from the Port Sudan Authority (PSA). Such “unfounded allegations”, he said, actively undermine efforts to end the conflict and restore stability. Stay up to date with the latest news. Follow KT on WhatsApp Channels The official added that the allegations were “part of a calculated pattern of deflection”,…
[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The UAE has strongly condemned the statement issued by Iran’s foreign ministry, affirming its position in the face of threats on the nation’s sovereignty and national security. According to a statement by the Ministry of Foreign Affairs in the UAE (MoFA), the UAE categorically rejects any claims that infringe upon the nation’s sovereignty, national security, or independence of decision-making. MoFA added that the UAE’s relations and international defence partnerships are “a matter of pure sovereignty.” The ministry said that neither Iran nor…
ABU DHABI, 6th May, 2026 (WAM) — IHC, a global investment company focused on building dynamic value networks, today announced its financial results for the first quarter of 2026. The Group reported Revenue of AED31.4 billion, up 33.2% year-on-year, and Profit After Tax of AED8.2 billion, an increase of 98.5%, driven by strong operating performance, investment income, and disciplined execution across the portfolio. In Q1 2026, IHC maintained strong momentum across its diversified portfolio, translating growth into enhanced profitability and reinforcing its position as an active investor-operator. Performance was supported by broad-based contributions across core segments, margin expansion, continued portfolio…
SHARJAH, 7th May, 2026 (WAM) — Al Ain were officially crowned champions of the ADNOC Pro League for the current season after defeating Sharjah 5-0 in their 24th-round match played today at Sharjah Stadium. Al Ain increased their points tally to 62, maintaining their lead at the top of the table, while Sharjah remain on 25 points in tenth place. Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, Chairman of the Board of Directors of Al Ain Football Company, congratulated H.H. Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, on Al Ain Club winning the ADNOC…
ABU DHABI, 6th May, 2026 (WAM) — His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited today the 5th edition of the ‘Make it in The Emirates’ exhibition, which is taking place in ADNEC Abu Dhabi, through May 7th. Make it in the Emirates is the largest industrial gathering in the region, convening senior government and private sector decision-makers, industry leaders, entrepreneurs, investors, experts, innovators, and representatives of financial institutions. His Highness was accompanied by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai,…