Author: Editorial team
DUBAI, 30th April, 2026 (WAM) — Mashreq Bank recorded a net profit after tax of AED1.927 billion during the first quarter of 2026, compared to AED1.792 billion in the same period of 2025, reflecting a growth of 8 percent year-on-year, while net profit before tax reached AED2.28 billion, marking a 9 percent increase year-on-year. According to a statement issued today, the bank recorded revenues of AED3.426 billion during the first quarter of the current year, compared to AED3.12 billion in the corresponding period last year, representing a growth of 10 percent. Total assets reached AED344.305 billion by the end of…
As students across Dubai juggle a mix of in-person and remote learning after a prolonged stretch of online classes, the transition has brought its own set of challenges, particularly when it comes to rebuilding social connections and a sense of routine. For 16-year-old Dubai student Mehrin Shiras, the changing state of affairs highlighted a gap that needed to be filled. As a result, the Year 12 student and Head Girl at Repton Dubai launched ‘The Third Space’, a student-led initiative offering free creative sessions for children struggling with the loss of routine, social interaction and a sense of belonging. “The…
WASHINGTON, 1st May, 2026 (WAM) — Apple on Thursday forecast sales that beat expectations, even as it said it expected to continue to face chip supply constraints, sending shares up more than 3%. Apple executives said they expect sales growth of 14% to 17% in the current fiscal third quarter, which was above Wall Street estimates of 9.5% growth to $102.93 billion, according to data from LSEG. Apple reported better-than-expected second-quarter results, with customers showing eagerness to buy a new MacBook model, according to Reuters. Apple said sales and profits were $111.18 billion and $2.01 per share for the fiscal…
ABU DHABI, 30th April, 2026 (WAM) — Sana bint Mohammed Suhail, Minister of Family,has affirmed that mass weddings are not merely celebrations but a meaningful start to stable family life, easing financial burdens on young people and reinforcing social cohesion. Her remarks came during a mass wedding organised by the Federal Authority for Identity, Citizenship, Customs and Ports Security for its employees and their sons, with participation of 60 grooms, under the Year of the Family 2026 initiative. Source: Emirates News Agency
Ryan Courson. Seasoned finance executive combines dual expertise as both a technology investor and a CFO of fast-growth AI companies Dubai — IFS, the world’s leading provider of Industrial AI software, today announced the appointment of Ryan Courson as Chief Financial Officer (CFO). Courson joins IFS at a moment of considerable momentum, as the company continues to set the pace for Industrial AI adoption at enterprise scale, and as demand for IFS.ai capabilities accelerate across every region and industry it serves. Mark Moffat, CEO, IFS, said: “IFS is executing at a level that very few software businesses in the world can match…
“Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has honoured the winners of the Erth Dubai Awards, which celebrate the emirate’s identity, heritage and aim at the preservation of collective memory. Announced by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum over 12 months ago, Erth Dubai is considered one of the largest awards dedicated to cultural and social documentation. The announcement of the winners’ names was made at Dubai’s Museum of the Future. Dubai Crown Prince, Sheikh Hamdan bin Mohammed, shared photos from the event on his X account. “Across platforms, there were more than 14 million…
SHARJAH, 1st May, 2026 (WAM) — The UAE’s fisheries and fishing sector is witnessing a new expansion of the “SFS Fisheries” system, the first digital platform of its kind at the national and regional levels, specialised in tracking and documenting fish landings and the origin of local catch. This comes as Fujairah has become the latest emirate to adopt SFS Fisheries, the country’s first integrated digital platform for tracking fishing operations and verifying the origin of local catch. The expansion builds on the system’s initial deployment in Sharjah and signals a broader national shift toward transparency, efficiency, and long-term resource…
UAE residents who may qualify for newly approved oral obesity pills such as Foundayo (orforglipron) and Wegovy — which are expected to enter the market soon — may face a question: will my insurance pay for it? Industry experts said that the answer is not clear yet. While Foundayo has been approved by the Emirates Drug Establishment (EDE), insurance experts said regulatory approval does not mean a medicine is added to insurance coverage. Decisions on whether the treatment will be covered and under what conditions, are expected to be assessed. Stay up to date with the latest news. Follow KT…
DUBAI, 30th April, 2026 (WAM) — The horse “Six Speed” will compete in the 152nd Kentucky Derby, scheduled for next Saturday, with expectations that it could play a key role in setting the early pace, having finished runner-up in the UAE Derby (Group 2) during the Dubai World Cup meeting, where it is known for its front-running style. The race is one of the world’s most prestigious and historic horse races and marks the first leg of the American Triple Crown, featuring 20 of the world’s top horses, along with four reserves that qualified through international races. “Six Speed” enters…
Prominent technology companies in China including ByteDance, Tencent and Alibaba are reportedly racing to secure AI chips from Huawei due to demand driven by the release of DeepSeek’s latest V4 AI model. Sources told Reuters cloud computing companies and GPU rental services also approached Huawei to place new orders for its Ascend 950 chip series. The spike follows the release of DeepSeek V4, a model optimised specifically for Huawei’s chips that opens a window for the Chinese vendor to push its in-house semiconductors. Following the launch of DeepSeek V4, domestic cloud giants Alibaba Cloud and Tencent Cloud immediately integrated the…