Author: Editorial Team
ABU DHABI, 31st July, 2026 (WAM) — Investcorp Capital (ICAP) on Friday reported net profit of US$44 million for the fiscal year ended 30th June 2026 (FY26), compared with $81 million in 2025, and gross operating income of $94 million compared with $124 million in 2025. Performance was shaped by the timing of realisations across global private markets and the associated impact on asset valuations and by higher financing costs following a precautionary drawdown under the company’s revolving credit facility as a surplus liquidity buffer. FY26 performance was underpinned by strong cash-generation from the core portfolio, with $1.3 billion of…
NEW YORK, 31st July, 2026 (WAM) — US stocks swung between gains and losses during trading on Friday. The S&P 500 rose 0.4 percent after fluctuating between a 0.7 percent gain and a 0.5 percent decline in morning trading. The Dow Jones Industrial Average advanced 221 points, or 0.4 percent, while the Nasdaq Composite climbed 0.6 percent after surrendering nearly all of its earlier gains, which had reached 1.3 percent. Source: Emirates News Agency
ABU DHABI, 27th July, 2026 (WAM) — Power Slap, the world’s premier slap fighting promotion, announced its return to Abu Dhabi for its third consecutive year with Power Slap 25 presented by Monster Energy on Friday, 23rd October, at the Space42 Arena as part of Abu Dhabi Showdown Week. Power Slap has seen tremendous success over the last two years, captivating both local and international fans and creating global slap fighting stars. Power Slap events in 2025 and 2024 held at Space 42 Arena were sold out, and over 1.5 billion views across social media platforms through promotional and event…
Who wouldn’t want to sleep through the rest of 2026? The Ukraine war dragged on, the US-Iran-Israel war erupted in February, Ebola spread through the Democratic Republic of Congo and Uganda, and Elon Musk became the world’s first trillionaire. And it’s not only current affairs that are robbing us of sleep. Our private anxieties keep us wide awake at 3am, doomscrolling as the blue light from our phones illuminates our exhausted faces. In 2026, Sleepless in Seattle could easily sound like a psychological thriller. No wonder, then, that sleep tourism has emerged as a popular wellness trend, where sleep is…
The UAE’s met department has warned of unstable weather conditions on Wednesday, July 29, as many parts of the country witnessed rainfall, strong winds and blowing dust. According to the National Centre of Meteorology (NCM), convective clouds were expected to develop over some eastern and western regions, extending to parts of the interior, between 1pm and 8pm on Wednesday. The cloud activity could bring rainfall, accompanied by fresh to strong winds reaching speeds of up to 50km/h at times. Stay up to date with the latest news. Follow KT on WhatsApp Channels. UAE-based account Storm Center shared a video of…
ABU DHABI, 31st July, 2026 (WAM) — Counsellor Dr. Hamad Saif Al Shamsi, Attorney-General of the UAE, has hosted senior government officials at the UAE Public Prosecution headquarters in Abu Dhabi to review the authority’s role in the criminal justice system, showcase its digital transformation initiatives, and explore opportunities for institutional cooperation and knowledge exchange. Among those attending were Maryam bint Ahmed Al Hammadi, Minister of State and Secretary-General of the Cabinet; Dr. Omar Habtoor Al Darei, Chairman of the General Authority of Islamic Affairs, Endowments and Zakat; Mohamed Rashid bin Taliah, Assistant Minister of Cabinet Affairs for Government Knowledge…
ABU DHABI, 31st July, 2026 (WAM) — EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, on Friday reported revenues of AED2.4 billion for the second quarter of 2026, an increase of 11 percent compared to the corresponding period in the prior year. The group reported EBITDA of AED457 million for the second quarter of 2026, representing a 67 percent year-on-year (YoY) increase. EBITDA margin expanded to 19.1 percent, compared to 12.8 percent in Q2 2025. Net profit for the period amounted to AED262 million, reflecting a 157 percent YoY increase. EMSTEEL’s Steel division…
TASHKENT, 31st July, 2026 (WAM) — The UAE Judo Federation said that the national team is set to compete in 50 bouts against various participating teams at the International Training Camp currently underway at the Olympic Complex in the Uzbek capital, Tashkent, until 5th August. The camp, organised by the Uzbekistan Judo Federation under the supervision of the International Judo Federation (IJF), features the participation of 500 male and female athletes from global age-group teams, along with specialised training experts. The UAE squad comprises Manaa Al-Zaabi and Rashid Nematov (Kalba Sports Club), Masoud Mohammed Masoud, Abdul Rahman Janiev, Anas Al-Yamahi,…
In the world of luxury watches, collaborations have become almost routine. Few, however, feel as natural as the partnership between Breitling and Aston Martin. Long before the two brands officially came together, they had been telling remarkably similar stories — of engineering shaped by craftsmanship, of performance tempered by elegance, and of designs that have aged with uncommon grace. That connection can be traced back to the 1960s. Breitling’s unconventional Top Time chronograph appeared on Sean Connery’s wrist in Thunderball, while the Aston Martin DB5 was fast becoming one of cinema’s most enduring automotive icons. They shared the screen for…
For many, Dubai is a city of opportunity. But for some, a dream of building a better future is cut short by unexpected hardship, leaving them unable to return home. Whether they have lost their jobs, fallen victim to fraudulent recruitment agencies, misplaced their travel documents or found themselves in humanitarian circumstances beyond their control, thousands of people pass through one facility each year before beginning their journey home. Hidden away in Al Awir, Dubai’s Center for Harboring quietly provides temporary shelter, healthcare and legal assistance to individuals whose departure from the UAE has been delayed, offering them dignity and…