Author: Editorial Team

AJMAN, 14th August, 2026 (WAM) — The Department of Finance in Ajman has concluded the Ajman Mal Plus programme, held as part of Our Happy Summer 2026, following a three-day interactive training experience combining financial literacy with artificial intelligence (AI) skills. The programme aimed to empower students to understand and manage finances, make more informed decisions, and turn financial knowledge into practical applications for their daily lives. Held at Ajman Saray, the programme focused on the fundamentals of financial literacy, including income and expenses, distinguishing between needs and wants, setting financial goals, preparing a budget and developing saving habits. It…

DUBAI, 14th August, 2026 (WAM) — Amanat Holdings recorded a profit of AED153.3 million in the first half of 2026, up 46 percent, and declared an interim cash dividend of AED75 million as it accelerates expansion across its healthcare and education businesses. The company reported a 24 percent increase in revenue to AED582.5 million, while earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 30 percent to AED226.4 million. Amanat plans to deploy approximately AED1.5 billion over the next three years through organic expansion, greenfield developments and selective acquisitions, targeting a return on equity of at least 10 percent. It…

ABU DHABI, 14th August, 2026 (WAM) — The Emirates Arabian Horse Society (EAHS) has approved the Arabian horse championships and auctions programme in the UAE for the upcoming 2026-2027 season. Organised and supervised by the EAHS, the seasonal programme features a series of local and international Arabian horse championships, alongside specialised auctions that represent key highlights of the season’s calendar. The events will commence on 3rd October at Sharjah Equestrian and Racing Club before concluding on 11th April 2027. The programme comprises 17 championships and events, including five international championships, in addition to auctions organised by Sharjah Equestrian and Racing…

BANGUI, 14th August, 2026 (WAM) — Faustin-Archange Touadéra, President of the Central African Republic, has awarded Ali Alshimmari, Managing Director and Chief Executive Officer of UAE-based Global South Utilities (GSU), the rank of Commander of the Order of Central African Merit, the country’s highest civil order. The recognition follows GSU’s delivery of the largest infrastructure project in the history of the Central African Republic: a 50MW solar photovoltaic power plant in Sakaï, with 15MWh of battery storage, that increases the country’s electricity generation capacity by more than 60 percent. Delivered in just 10 months, the project is expected to provide…

DUBAI, 13th August, 2026 (WAM) — As football fans prepare for the start of the 2026 to 2027 ADNOC Pro League season, Dubai Police is calling on supporters to enjoy matches responsibly, follow stadium safety rules and ensure their support reflects the positive sporting spirit associated with major events across the UAE. Coinciding with the start of the new season on Friday, Dubai Police has launched the latest edition of its annual “Your Commitment is Happiness” initiative, which raises awareness of supporters’ responsibilities under Chapters Four and Five of Federal Law No. 8 of 2014 concerning the Security of Sports…

CARACAS, 13th August, 2026 (WAM) — XRG, ADNOC’s international energy investment company, today announced its entry into Venezuela through the award of the offshore Loran licence by the Bolivarian Republic of Venezuela, and the transfer of interest in the license by PDVsA Gas. Subject to customary regulatory approvals, XRG will hold an interest in the licence alongside bp and UCC. The licence contains over 4 trillion cubic feet of proven gas resources and would add meaningfully to XRG’s growing Latin America platform while enhancing its position in the Atlantic Basin. Mohamed Al Aryani, President, International Gas, XRG, said: “Venezuela holds…

ABU DHABI, 13th August, 2026 (WAM) — e& UAE, the flagship telecom arm of e&, on Thursday became the first telecom operator globally to announce the successful testing of enhanced Reduced Capability (eRedCap) on its live network. This achievement demonstrates a practical pathway for enterprises and public-sector organisations to move widely deployed IoT applications from legacy LTE technologies onto a simpler, more energy-efficient 5G-native IoT platform. eRedCap is designed to support a large number of connected devices that do not require the full performance capabilities of 5G. This technology is suited to smart utility metres, industrial sensors and controllers, asset…

ABU DHABI, 13th August, 2026 (WAM) — AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies Ltd. Through this collaboration, the OnDemand platform will be integrated with Qualcomm Dragonwing products, including the Qualcomm Dragonwing AI On-Prem Appliance, helping enterprises and governments deploy sovereign AI wherever their data resides while creating a foundation for future technology integration. Dr. Thani bin Ahmed Al Zeyoudi, Minister for Foreign Trade and Chairman of AIREV, said, “As well as attracting the world’s best technology services, the UAE is now creating and exporting them, providing…

ABU DHABI, 14th August, 2026 (WAM) — ADNOC confirmed that two of its vessels were attacked while transiting the Strait of Hormuz in the evening of Thursday, August 13. The incident resulted in no injuries, and the situation has been brought under control. In a statement, ADNOC stressed the importance of protecting the safety and well-being of seafarers, while safeguarding freedom of navigation and maritime security. The company urged the public to obtain information solely from official sources and to avoid circulating rumors or unverified information. Source: Emirates News Agency

RAS AL KHAIMAH, 13th August, 2026 (WAM) — Gulf Pharmaceutical Industries PSC (Julphar) today announced its financial results for the six months ended 30 June 2026. The Company delivered continued revenue growth, improved margins and a significant increase in profitability from continuing operations, while maintaining a stable financing position following the successful deleveraging completed in 2025. Revenue from continuing operations increased to AED 573.7 million, compared to AED 547.9 million in H1 2025, representing year-on-year growth of 4.7%. The performance reflects resilient demand across Julphar’s core markets, a strengthened product mix and continued operational execution despite ongoing geopolitical uncertainty, supply…