Author: Editorial Team
DUBAI, 11th August, 2026 (WAM) — Amlak Finance PJSC announced its H1 2026 financial results for the period that ended 30th June 2026. The Company maintained its focus on the prudent management of its UAE operations and overall balance sheet. During the period, Amlak reported a net profit after income tax of AED77 million, compared to AED19 million in the corresponding period of 2025, representing a growth of 305%. Amlak’s H1 2026 revenue from financing and investing activities increased to AED54 million from AED3 million in H1 2025, primarily driven by higher placement of wakala deposits, which generated income of…
Hotels across the UAE are stepping up staycation deals, discounted room rates and value-added packages to attract domestic and GCC travellers, as operators look to support occupancy and position the hospitality sector for recovery, according to JLL. The consultancy said hotels introduced family- and leisure-focused offers, dining credits, spa access and extended-stay packages during the second quarter as softer international arrivals weighed on demand. Stay up to date with the latest news. Follow KT on WhatsApp Channels. JLL said the measures form part of a broader push by operators to offset weaker overseas demand while preserving revenue during the traditionally…
DUBAI, 11th August, 2026 (WAM) — MEBAA Show 2026 will bring together leading global business and private aviation companies for its 11th edition, taking place from 8th to 10th December at the Dubai Airshow site at Dubai World Central. The event reflects the UAE’s growing position as a global hub for investment and innovation in the business aviation sector. The show will bring together aircraft manufacturers, operators, charter companies, FBOs, MRO providers and technology innovators from more than 100 countries. Further reinforcing the sector’s momentum, the UAE surpassed 1,000 registered aircraft in July 2026, according to the General Civil Aviation…
At just 10 years old, Saiyette Aima watched cancer change her family. Her grandmother, whom she describes as the “emotional centre” of the family, had noticed what appeared to be a small, pimple-like mark on her neck. It did not seem serious at first. But after medical investigations, she was diagnosed with Stage 3 breast cancer. Saiyette, now 17 and living in Dubai, was young and thousands of kilometres away from her grandmother in Delhi, but the experience stayed with her. “I watched her go through chemotherapy and radiation and saw how cancer affected not just her health, but our…
DUBAI, 11th August, 2026 (WAM) — Dubai’s Roads and Transport Authority (RTA) said that the 14th edition of the Dubai Award for Sustainable Transport (DAST) 2026 attracted more than 750 nominations by the 31st July deadline, exceeding its target by more than 400 percent. Submissions came from government and semi-government entities, private-sector companies, the business community, universities, schools and research centres from the UAE and across the Middle East and North Africa (MENA) region. Muna Al Osaimi, CEO of Strategy and Corporate Governance Sector at RTA and Chairwoman of the Award Organising Committee, said the response to this year’s edition…
DUBAI, 11th August, 2026 (WAM) — The Ministry of Sports has organised its first Innovation Lab to discuss mechanisms to develop a roadmap for its sports services, in line with the UAE Code for Government Services and the Zero Bureaucracy Programme. The lab brought together ministry employees responsible for service development to review core, support and complementary services and identify priorities for their transformation. Participants discussed updates to regulatory frameworks, the use of agentic AI in government services, key performance indicators and policies required to support service development. Humaid Al-Muhairi, Director of the Strategy and Future Department at the Ministry…
BRUSSELS, 11th August, 2026 (WAM) — The European Union will begin banning the use of PFAS chemicals in food packaging from Wednesday, 12th August, in one of the first steps towards implementing sweeping new EU packaging rules that will gradually reshape packaging and waste management across the bloc through 2040. PFAS is a group of chemical substances (per- and polyfluoroalkyl substances), also known as the Forever Chemicals, because they persist in the environment and do not break down easily. They have been widely used in paper and cardboard food packaging to make the materials resistant to water and grease. These…
Whitney Houston’s unforgettable I Wanna Dance with Somebody era is getting Barbie-fied. Mattel has unveiled a new Whitney Houston Barbie Signature doll, immortalising the late music icon in one of the most colourful and instantly recognisable looks of her career. The collectible takes inspiration from the vibrant music video for the 1987 pop classic, recreating Houston’s joyful aesthetic at a time when she was cementing her place as one of the defining voices of her generation. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The release arrives amidst a milestone year for Houston’s legacy. In…
BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, announced its financial results for the first half of 2026, marking another period of strong performance as the Company continues to scale its business, strengthen its financial position, and reinforce its market leadership across the UAE’s capital markets. For the six months ended 30 June 2026, BHM Capital reported revenue of AED 118.99 million, representing a 25% increase compared to AED 95.26 million in the corresponding period of 2025. Net profit reached AED 25.20 million, an increase of 14% year-on-year. The Company’s financial position also…
DUBAI,10th August, 2026 (WAM) — Ahmed Mohammed bin Thani, Director General of the Dubai Environment and Climate Change Authority (DECCA), announced that the Authority is collaborating with the International Union for Conservation of Nature (IUCN) to prepare and evaluate a guide to natural reserves. The initiative is among a series of high-quality initiatives and projects featured at the first edition of the Dubai Environment Conference and Exhibition 2026, which will take place on September 7 and 8. Speaking to the Emirates News Agency (WAM) on the sidelines of a press conference held today in Dubai to announce the organisation of…