Author: Editorial Team

DUBAI, 12th August, 2026 (WAM) — Dubai Electricity and Water Authority (DEWA) today reported its first-half 2026 consolidated financial results, recording record half-year revenue of AED14.86 billion, EBITDA of AED7.32 billion, operating profit of AED4.07 billion and net profit of AED3.33 billion. Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, said, “DEWA is committed to being an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, and the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,…

ABU DHABI, 12th August, 2026 (WAM) — Space42, the UAE-based AI-powered SpaceTech company with global reach, has signed a Memorandum of Understanding with Leonardo DRS to integrate Leonardo DRS mission systems with Space42’s secure satellite connectivity to boost sovereign national security across the UAE. Under the MoU, Leonardo DRS will contribute its expertise in C5ISR mission systems while Space42 will provide secure, AI-enabled satellite communications and Beyond Line of Sight (BLOS) connectivity. Together, the companies will explore the joint design and integration of advanced mission capabilities for the UAE. “It is a strategic priority for Space42 to be recognised as…

Summer in the UAE means reaching for a cold drink more often than usual, but increasingly, the options go beyond juices and conventional soft drinks. From probiotics and electrolytes to collagen and matcha, a growing number of beverages are being positioned as drinks that offer something extra alongside refreshment. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Whether you’re looking for a fizzy alternative to your usual soda, something to sip after a workout, or simply want to try one of the latest wellness drinks, here are some options available in the UAE this summer.…

ABU DHABI, 12th August, 2026 (WAM) — Abu Dhabi National Insurance Company (ADNIC) today announced its financial results for the first half of 2026, reflecting disciplined underwriting, strategic diversification and continued international expansion despite a challenging operating environment. The Group delivered a net profit before tax of AED225.1 million, while profit after tax for the six-month period stood at AED201 million. Despite external headwinds, ADNIC’s underlying business remained resilient, supported by disciplined underwriting, prudent risk management and the continued strength of its core operations. For the six-month period, ADNIC’s total insurance revenue stood at AED4.1 billion, compared to AED4 billion…

WASHINGTON, 12th August, 2026 (WAM) — OpenAI on Monday said it is expanding Daybreak, its exclusive cybersecurity initiative, to help give its participants access to the “right capabilities” that they need to help defend themselves from attackers. The company first introduced Daybreak in May, shortly after its chief rival Anthropic launched its own cybersecurity coalition called Project Glasswing. OpenAI positioned Daybreak as a way for its ecosystem partners to use its most advanced artificial intelligence models to adapt to a rapidly changing threat landscape. OpenAI said Monday that it is expanding the programme to include two different access tiers: Daybreak…

ROME, 12th August, 2026 (WAM) — Italian exports rose 1.6 percent in June from May and 9.8 percent from a year earlier, the National Institute of Statistics (Istat) said on Tuesday. Imports increased by 1.2 percent in month-on-month terms and 13.2 percent year-on-year (YoY), Italian news agency (ANSA) said, citing data from Istat. Exports to EU countries increased by 6.7 percent with respect to May 2026, while exports to non-EU countries dropped by 3.6 percent. Imports from EU and non-EU countries increased 1.1 percent and 1.4 percent, respectively. On a YoY basis, exports to EU countries rose 15.1 percent and…

Talabat raised its full-year 2026 guidance across all key financial metrics after second-quarter revenue increased 16 per cent year-on-year to $1.14 billion, supported by a growing customer base and stronger grocery and retail activity. Gross merchandise value, or GMV, reached $2.92 billion, up 11 per cent on a reported basis and 12 per cent at constant currency. Adjusting for the earlier timing of Eid Al Fitr, underlying GMV growth was about 15 per cent. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The company said first-half performance came in ahead of its previous full-year expectations,…

LISBON, 11th August, 2026 (WAM) — UAE Team Emirates-XRG’s Julius Johansen won stage 5 of the Volta a Portugal on Monday afternoon, claiming his second victory of the race after winning the prologue. The Dane has now secured five professional victories, all in 2026 and all in individual time trials. The latest win, though, comes in the longest distance to date. Stage 5 of the Volta a Portugal was contested across a 17.4km-long course, with Johansen crossing the line 30 seconds faster than the second-fastest rider on the day. UAE Team Emirates-XRG also placed Luca Giaimi and Adrià Pericas in…

SHARJAH, 11th August, 2026 (WAM) — Emirates Scholar Centre for Research and Studies and the Safety and Emergency Security Association discussed ways to strengthen their cooperation and continue activating the Memorandum of Understanding (MoU) signed between the two parties. The discussions took place during a coordination meeting that addressed mechanisms for transforming areas of cooperation into joint programmes, projects, and initiatives, as part of a vision aimed at expanding the institutional and knowledge partnership between the two parties throughout 2026 and 2027. The meeting reviewed proposals to develop a joint action plan for the next phase, encompassing a range of…

SHARJAH, 11th August, 2026 (WAM) — Shamsa Entertainment City has opened in Aljada as part of the Sharjah Summer Promotions 2026 campaign, offering interactive activities and open-air entertainment for families. Jointly organised by the Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Commerce and Tourism Development Authority (SCTDA), the venue will run until 5th September under the theme “Shamsa Festival – Where Joy Shines”. Sharjah Summer Promotions 2026 covers Sharjah City, the Central Region and the East Coast destinations of Khorfakkan, Kalba and Dibba Al Hisn, with the campaign aimed at boosting retail and tourism activity across the…