Author: Editorial team

NMDC Group reported a net profit of Dh2.4 billion in the first nine months of 2026, supported by strong project execution across its marine, energy and infrastructure businesses, alongside disciplined cost management and a diversified portfolio, despite a challenging operating environment.Revenue increased 4 per cent year-on-year to Dh21.4 billion, driven by accelerated execution of projects across NMDC Dredging & Marine, NMDC Energy and NMDC Infra.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The Abu Dhabi-listed group said its performance reflected the resilience of its integrated business model and its ability to deliver large-scale projects across local…

GITEX GLOBAL is the world’s largest tech, AI and startup event convening over 6,000 participants including big tech enterprises, governments, SMEs, startups and industry partners, alongside global investors and business executives. 2026 is an edition of strategic firsts: a new home at Dubai Exhibition Centre (DEC), Expo City Dubai, and a new format that opens with a high-level GITEX Summit on 7 December at Dubai World Trade Centre, followed by four days of Expo and conferences at DEC. GITEX reunites with Expand North Star, its co-located startup and investor showcase, at the same venue, running from 8-11 December. As governments…

The U.S. Federal Communications Commission (FCC) recently given its approval for Amazon’s $11.5 billion acquisition of satellite service provider Globalstar. This news removes a key regulatory hurdle in the company’s push to expand its Amazon Leo business into direct-to-device (D2D) services. Amazon is to acquire full control of Globalstar, its subsidiaries, satellite infrastructure and mobile satellite spectrum. The FCC’s Space Bureau approved the purchase of around 25MHz of Globalstar’s mobile satellite spectrum by Amazon. It also cleared Amazon to access Globalstar’s C-3 system, a 48-satellite constellation intended to expand network capacity which the FCC approved last week. Amazon must continue…

Cryptocurrency exchange Binance said on Saturday, October 31, it has been able to cover 90% of the amount stolen after a record $6.3 billion hack of its platform.The outstanding 10% consists of tokens that are less liquid, which means they may take longer to source in the required amounts, it said in a statement.The exchange said it has set aside around $6.34 billion of company funds internally to cover the losses.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Binance said the replenishment involved a partial deployment of its $1 billion Secure Asset Fund for Users (SAFU),…

Marc Maiffret, CTO, BeyondTrust. BeyondTrust, the global leader in privilege-centric identity security protecting Paths to Privilege™ for human, machine, and agentic identities, has announced the general availability of AI Agent Security on the BeyondTrust Pathfinder Platform, alongside new research from BeyondTrust Phantom Labs® revealing the scale of AI agent activity and the expanding connections these agents introduce across enterprise endpoints. Drawing on endpoint telemetry from our True Privilege® Graph, Phantom Labs research revealed: Nearly 10 shell commands requested per prompt. AI coding agents requested approximately 1.28 million shell commands from 132,000 prompts, demonstrating how a single prompt can translate into…

Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, expressed her pride and gratitude for the words of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister and Ruler of Dubai. She stressed that his pride in her is the greatest honour she carries and the greatest motivation for her to continue giving with love and sincerity. In a post on X, Her Highness said: “My dear father, your words reside in my heart. Your pride in me is the greatest honour I bear and…

South Africa spinner Simon Harmer took a career-best 6-16 and Kagiso Rabada became the fastest by balls bowled to reach 350 test wickets as the hosts thumped Australia by 176 runs to clinch their three-test series 2-1 at Newlands on Saturday.Set a target of 288 for victory, the tourists were bowled out for 111 as South Africa leapfrogged them to go top of the test world rankings for the first time since January 2016.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Rabada (3-39) ran through Australia’s top order to bring his tally to 350 test wickets,…

MOSCOW, 31st October, 2026 (WAM) — The Russian government is preparing to extend its diesel export ban until the end of January 2027, with certain exceptions for global markets, Deputy Prime Minister Alexander Novak told reporters. “Yes, a government decree is currently being drafted to extend the ban on diesel shipments until the end of January next year – effectively for three months. However, as before, specific exceptions will be made for supplies to global markets,” Novak said. Earlier, the Russian government extended a temporary export ban on diesel, marine fuel, and gas oils for direct producers until the end…

The Dubai Civil Court ordered a client to pay AED13.74 million to a law firm, representing fees agreed under a contract for the firm’s defence and representation of the client in commercial and enforcement cases. The firm confirmed it had carried out the agreed legal work, while the client acknowledged before the court that the firm was entitled to the full fees and that he had not paid any part of them. The case stemmed from a fee agreement between the two parties under which the law firm was to represent the client in a number of legal disputes. According…

The Federal Court of Appeal in Abu Dhabi upheld the acquittal of a defendant on charges of possessing narcotic and psychotropic substances with intent to traffic. The defendant had been arrested by police while collecting a packet of hashish from a monitored location in Sharjah. The court ruled that mere possession of the drugs was insufficient to prove intent to traffic, as there was no conclusive evidence of sale or distribution. It also upheld his three-month prison sentence for using a psychotropic substance and rejected the Public Prosecution’s appeal seeking his conviction on both charges. The incident dates back to…