Author: Editorial Team
SHARJAH, 7th August, 2026 (WAM) — Invest Bank (INB) today announced a 61 % year-on-year increase in Profit Before Tax to AED80.5 million. According to its financial results for the half-year ended 30th June, 2026, the Bank continued to strengthen its performance momentum, recording second-quarter Profit Before Tax of AED58 million, up 159 % from the first quarter. The Bank continued to strengthen its financial position during the same period, with total assets reaching AED16.1 billion, up 27 % year-on-year and 14 % year-to-date, marching towards the highest-ever balance sheet since inception. Customer deposits grew to AED13.3 billion, up 30…
ABU DHABI, 7th August, 2026 (WAM) — The Abu Dhabi Securities Exchange (ADX) Group and Al Ramz Capital today announced the winners of the third round of the Al Ramz Investment and Trading Competition. Supporting the UAE’s national vision for economic diversification, the competition equips local retail investors with the practical skills and confidence required to navigate modern capital markets. By pairing real-market execution and highly sought-after travel rewards with a competitive, high-reward ecosystem, the ADX and Al Ramz Capital are actively transforming how the public interacts with financial assets. The third round witnessed a substantial surge in participation from…
ABU DHABI, 7th August, 2026 (WAM) — XRG, ADNOC’s international investment arm, has built its chemicals portfolio on a clear strategic rationale. Through Borouge International, Covestro and Fertiglobe, it has assembled a portfolio of market-leading businesses with global operations, diverse end-market exposure and strong competitive positions. This combination reduces dependence on any single region, product or market cycle while extending ADNOC’s presence into higher-value chemicals, advanced materials and fertilisers. The second quarter of 2026 provided an early indication of how that strategy can translate into value creation. Across the portfolio, Borouge International, Covestro and Fertiglobe delivered resilient earnings, demonstrating the…
Dubai delivery riders will receive 5,000 health kits this month as authorities step up efforts to protect workers from heat exhaustion and heatstroke during the peak summer period. Dubai’s Roads and Transport Authority (RTA) has launched the ‘Safe and Healthy Summer for Delivery Riders’ campaign in collaboration with Keeta. The initiative will run throughout August and will combine health checks, safety awareness and the distribution of protective supplies. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The health kits will contain medical and protective supplies, as well as a hand fan and cooling towel to…
BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, has become the first financial institution in the UAE to connect to the Astana International Exchange (AIX) as a Market Making Member through Abu Dhabi Securities Exchange’s (ADX) Tabadul platform, marking another strategic milestone in the company’s regional expansion and reinforcing its commitment to advancing cross-border capital market connectivity. This milestone enables BHM Capital to provide market making services on AIX through ADX’s Tabadul platform, the exchange connectivity platform that facilitates seamless access between participating regional and international capital markets. As the first financial institution…
CAIRO, 5th August, 2026 (WAM) — The UAE national chess team concluded its participation at the Arab Youth Chess Championship in Cairo, Egypt, with 16 medals, including four gold, four silver and eight bronze. The UAE placed second in the overall standings behind hosts Egypt at the tournament, which attracted more than 400 players from 18 Arab countries and ran from 28th July to 5th August. Source: Emirates News Agency
EAST JERUSALEM, 7th August, 2026 (WAM) — Khalifa bin Shaheen Al Marar, Minister of State, inaugurated Phase One of H.H. Sheikha Fatima bint Mubarak Wing for Gynecological Surgery and Obstetrics at Al-Makassed Hospital in East Jerusalem, as part of the UAE’s continuing humanitarian support for the Palestinian healthcare sector. The initiative aims to enhance healthcare services for women and children and strengthen the hospital’s capacity to continue fulfilling its humanitarian and medical mission. Al Marar affirmed that the project is being implemented under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and reflects the UAE’s longstanding…
RAS AL KHAIMAH, 6th August, 2026 (WAM) — Ras Al Khaimah reinforced its growing position as a leading investment destination, recording capital investments exceeding AED771.5 million through 967 newly registered establishments during the first half of 2026. The emirate attracted 1,399 new investors representing 68 nationalities from around the world, underscoring its growing economic appeal. Dr. Rashid Khalfan Al Nuaimi, Director-General of the Ras Al Khaimah Chamber of Commerce and Industry, said these indicators reflect the positive performance of the local economy and the continued growth across various economic activities. Al Nuaimi said the emirate recorded the issuance and renewal…
If Montenegro has suddenly made it onto your summer travel wishlist, there’s good news for UAE residents. The Balkan country has introduced a temporary visa-free entry scheme for eligible residents, making it easier than ever to plan a quick European getaway. However, there’s one important thing to remember: your passport and not your Emirates ID ultimately determines how you can enter Montenegro. While the new exemption opens the door for many UAE residents, the rules differ depending on your nationality and residency status. What if you have an Emirati passport? For Emirati passport holders, travelling to Montenegro is relatively straightforward.…
DUBAI, 6th August, 2026 (WAM) — Dubai Government Human Resources Department (DGHR) has introduced Azure Virtual Desktop (AVD) in collaboration with Microsoft, marking another milestone in its digital transformation journey and reinforcing its commitment to building a more intelligent, secure and resilient government workplace. By adopting Azure Virtual Desktop, DGHR is enhancing its digital workplace with a more flexible and secure employee experience. The solution enables secure access to enterprise applications, systems, and digital work resources from anywhere and across multiple devices, while ensuring the highest standards of cybersecurity and data protection. The initiative aligns with Dubai Government’s vision to…