Author: Editorial Team

DUBAI, 21st October, 2026 (WAM) — Emirates NBD reported a profit after tax of AED19.3 billion for the first nine months of 2026, up 2 percent from the same period last year, while profit before tax rose 4 percent to AED24.3 billion. The bank posted record income of AED42.2 billion, up 15 percent year-on-year, while the group’s total assets reached AED1.38 trillion, up 18 percent year-to-date. Gross loans grew 27 percent year-to-date to AED833 billion, while deposits rose 19 percent to AED935 billion. Asset quality remained healthy, with a cost of risk of 37 basis points. Capital and liquidity ratios…

DUBAI, 21st October, 2026 (WAM) — Takasago International Corporation, one of the world’s leading fragrance and flavour companies, has opened its new Creative Centre in Dubai, marking a major milestone in the Group’s expansion in the region. Designed as an integrated hub for fragrance creation, the facility incorporates advanced laboratories, bringing Takasago’s global expertise closer to its customers and regional partners, while combining its international capabilities with a deeper understanding of local cultures, olfactive traditions, and consumer preferences. “Takasago’s new Creative Centre in Dubai reflects the emirate’s position as a global hub for business and innovation,” said Marwan Abdulaziz Janahi,…

ABU DHABI, 21st October, 2026 (WAM) — Advent, a leading global private equity investor, today announced it has opened a new office in ADGM, the international financial centre of Abu Dhabi, extending the reach of the firm’s international platform into the Middle East. According to a press release issued today, the new presence gives Advent a local base from which to deepen its engagement with investors, support the firm’s existing portfolio companies and explore potential investment opportunities. James Brocklebank, Managing Partner and Co-Chair of Advent’s Global Executive Committee, said, “Abu Dhabi is a natural addition to Advent’s global network, alongside…

ABU DHABI, 21st October, 2026 (WAM) — The Global Institute for Disease Elimination (GLIDE) is expanding access to practical artificial intelligence (AI) education for health professionals worldwide by opening applications to “AI for All – GLIDE Edition”, an online learning programme aimed at giving health professionals the fundamentals they need to understand AI, assess its potential and limitations, and use emerging tools responsibly. The first cohort will commence on 16th November, with the course scheduled to end by 16th December 2026. The online learning programme was developed by the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), with selected content…

ABU DHABI, 21st October, 2026 (WAM) — Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, affirmed that the UAE continues to advance its energy sector by diversifying energy sources, expanding clean energy projects, and improving energy efficiency to ensure reliable supplies, meet growing demand, and strengthen the competitiveness of the national economy. Speaking on the occasion of World Energy Day, observed annually on 22nd October, Al Mazrouei said, “Our vision for the future of energy is based on the understanding that energy security and emissions reduction are complementary goals. A successful energy transition requires a diversified energy mix…

DUBAI, 21st October, 2026 (WAM) — The Dubai T100 Triathlon organising committee has announced that 19 leading female professional triathletes will compete at Al Mamzar on 14th November, in an event organised and supported by the Professional Triathletes Organisation (PTO), Dubai Department of Economy and Tourism, and Dubai Sports Council. Switzerland’s Julie Derron heads the field as she seeks to defend her Dubai T100 title and extend her lead in the T100 Race to Qatar standings ahead of the Qatar T100 Triathlon World Championship Final in Doha on 10th–12th December. Dubai is the last of the four women’s races this…

The UAE is not where you would expect to find a thriving honey industry. Scorching summers, scarce water, limited vegetation, the conditions that make the Emirates one of the world’s most dynamic economies, are precisely what make it hostile territory for bees. And yet, since 2015, Abu Dhabi’s Agriculture and Food Safety Authority (Adafsa) has been quietly doing something remarkable: breeding a local honeybee strain built to survive it all. Ten generations across ten years. Nearly 19,000 queen bees distributed to 613 beekeepers across the emirate. A research facility in Al Kuwaitat, Al Ain, where scientists confirmed the Emirati bee…

ABU DHABI, 21st October, 2026 (WAM) — In the presence of H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, the Department of Health – Abu Dhabi (DoH) has signed agreements with Isomorphic Labs, WHOOP, and Cleveland Clinic Abu Dhabi, and AstraZeneca. DoH and Isomorphic Labs announced the signing of an agreement to collaborate on AI-enabled drug discovery research and explore innovation frameworks for pre-clinical research. The agreement was signed at the Abu Dhabi Future Health Summit by Dr. Noura Khamis Al Ghaithi, Undersecretary of the DoH, and…

SEOUL, 21st October, 2026 (WAM) — The Republic of Korea’s exports more than doubled year-on-year during the first 20 days of October, reaching US$61.6 billion amid record shipments of semiconductors, according to data released Wednesday by the Korea Customs Service. The daily average export value in terms of business days reached US$4.74 billion, the highest for the first 20 days of any month. Imports rose 42.8 percent year-on-year to US$47.1 billion over the same period, resulting in a trade surplus of US$14.5 billion. By sector, exports of chips surged 222.5 percent to US$27.5 billion, accounting for 44.7 percent of total…

ABU DHABI, 21st October, 2026 (WAM) — The UAE has recorded progress in the 2026 Global Pension Index, published by Marsh (formerly Mercer), and CFA Institute. The UAE’s score and ranking improved among the retirement-income systems assessed, with its overall score rising from 64.9 in 2025 to 70.0 in 2026, advancing from a C+ to a B grade. The UAE system also achieved an A grade in the adequacy and integrity categories, reflecting the strength of pension benefits and protections for insured members. The Index assesses retirement systems across three main pillars: adequacy, sustainability and integrity, alongside a range of…