Author: Editorial team
Meta Platforms recently celebrated a “milestone” quarter as revenue climbed 33% year-on-year to $56.3 billion in Q1 2026 on the back of advertising growth across its apps and AI infrastructure investments. CEO Mark Zuckerberg said the results were driven by growth “across our apps and the release of our first model from Meta Superintelligence Labs”, adding the company is “on track to deliver personal superintelligence to billions of people”. In attempts to keep up with fellow tech giants, Meta raised its capex forecast for 2026. It is now ranging between $125 billion and $145 billion, up from $115 billion to…
Police in the UAE Capital, Abu Dhabi, shared a video of two horrific accidents that took place on the emirate’s roads, due to distracting driving and entering the road without making sure it is clear. On Friday, May 1, the police called on drivers to ensure the road is clear before entering it, and urged them to avoid being distracted by anything other than the road to avoid road surprises. As part of a traffic safety campaign called “Your Comment” that aims at spreading awareness and helping to curb the number of such unfortunate incidents, the police force regularly post…
ABU DHABI, 1st May, 2026 (WAM) — The UAE’s decision to conclude its membership of OPEC and OPEC+ reflects a shift towards aligning production more closely with capacity and market demand. For ADNOC’s portfolio of listed companies, the change removes a constraint that has historically limited how investment in capacity translates into activity and earnings. OPEC’s quota system has long been used to manage global supply. It has also required producers to cap output regardless of their ability to expand. The UAE, which has invested heavily to increase production capacity, now has greater flexibility to align output with that investment.…
ABU DHABI, 1st May, 2026 (WAM) — The Khalifa Fund for Enterprise Development (KFED), in collaboration with the Sheikh Khalifa Excellence Award, has launched the 2nd Khalifa Fund Entrepreneurship Competition. The initiative aims to attract exceptional talent in innovation and entrepreneurship to develop solutions that address real market needs. It further reinforces KFED’s commitment to supporting the entrepreneurship ecosystem across priority sectors. Khalifa Fund’s collaboration with the Sheikh Khalifa Excellence Award represents a highly strategic alliance. The award stands as a testament to the nation’s longstanding legacy of leadership and progress, inspired by the vision of the late Sheikh Khalifa…
A quiet shift is taking place inside UAE classrooms, where the words used to describe women at home are being reconsidered, and in some cases, redefined. Educators are beginning to move away from the term “housewife” in Arabic language lessons, replacing it with phrases that better reflect women’s influence within the family. At the centre of this shift is the phrase Sit Al Bait, meaning “woman of the house”, which carries connotations of leadership, responsibility, and authority within the home. The distinction may seem subtle, but educators say it changes the meaning entirely — from a limited label to one…
SHARJAH, 1st May, 2026 (WAM) –The Sharjah Fish Resources Authority (SFRA) held its seventh regular meeting today with fishing cooperatives in the Emirate of Sharjah. The meeting was attended by Ali Ahmed Abu Ghazin, Chairman of the Authority, along with several officials and heads and representatives of the cooperatives. It forms part of efforts to expand coordination channels with the associations, monitor fishermen’s needs, and enhance the system of services provided to them. The meeting builds on a series of regular engagements organised by the Authority with fishing cooperatives, in line with the directives of His Highness Sheikh Dr. Sultan…
Accenture has recently increased its focus on enterprise customer experience. This move has lead to an investment round in specialist Netomi to bring more agentic AI capabilities to its existing products. The professional services company identified a growing business transformation opportunity stemming from the greater importance customers place on their experiences when seeking support, along with the potential for AI agents to play a bigger role in such processes. Netomi brings conversational AI technology which Accenture indicated is relatively straightforward to deploy because it does not use code orchestration. It provides companies with a range of AI agents capable of…
Motorists in Ras Al Khaimah are being advised to plan ahead after Ras Al Khaimah Public Services Department announced a temporary closure on part of Sheikh Mohammed bin Salem Road (E11) near Etihad Bridge for road maintenance and improvement works. The closure affects the E11 Road stretch between Al Nadiya and Al Dhait South, close to Etihad Bridge, where maintenance teams have begun upgrade works aimed at improving traffic flow and road safety. Stay up to date with the latest news. Follow KT on WhatsApp Channels Authorities said drivers should use the adjacent service road as an alternative route before…
Usually, we head to the Museum of the Future for a slice of art, tech and culture. But now, you can head there to do something totally unexpected — a workout. If you’ve ever counted wandering through its exhibits as your daily step count, you’re not entirely wrong, but this one actually belongs on your fitness tracker. The museum has introduced a Lagree class within its futuristic interiors, set against immersive, floor-to-ceiling AI-powered visuals that transform the workout into a multi-sensory experience. Running until May 15, Longevity Wellness Hub has taken its signature Lagree method beyond the studio, bringing it…
ABU DHABI, 1st May, 2026 (WAM) — ADGM today announced that Rokos Capital Management (RCM) has opened a new office in Abu Dhabi after receiving its Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA). RCM’s new Abu Dhabi office is located in the Sky Tower within ADGM’s jurisdiction and further expands the firm’s international footprint, which includes existing offices in London, New York, and Singapore. Chris Irish, Head of Middle East and Head of Finance at Rokos Capital Management, said, “Securing our full regulatory licence in ADGM is a significant milestone in RCM’s development in the region.…