Author: Editorial team

AJMAN, 29th April, 2026 (WAM) — Ajman Bank PJSC reported a strong first quarter on Wednesday, posting net profit before tax of AED 134 million and et profit after tax of AED 130 million, as total revenue rose 22% year-on-year to AED 443 million, reflecting growth across the Bank’s core financing, treasury and fee-generating businesses. Net revenue increased 12% to AED 222 million, while non-funded income reached AED 63 million – equivalent to 28% of net revenue – pointing to continued progress in the Bank’s effort to build a more diversified income base beyond financing margin, resulting. H.H. Sheikh Ammar…

Gold prices in the UAE stabilised, losing only Dh1 per gram, after a brief period of recovery. The 24K gold price was trading at Dh547.25 per gram at market open on Thursday, down from Dh548.25 per gram at the market close on Wednesday. Similarly, other variants also fell on Thursday, with 22K, 21K, 18K and 14K trading at Dh506.75, Dh486.00, Dh416.50, and Dh325.0 per gram, respectively. Globally, spot gold was trading at $4,562.7 per ounce at 9.30am UAE time. Silver was up 1.98 per cent at $72.16 per ounce. Stay up to date with the latest news. Follow KT on WhatsApp Channels.…

A pharmaceutical breakthrough was unveiled by the Emirates Drug Establishment (EDE) on Thursday, April 23, with the announcement of the UAE’s first fully AI-discovered and developed drug candidate by a research team at Insilico Medicine in Masdar City, Abu Dhabi. The candidate, known as ISM0387, is a drug that targets an enzyme called PRMT5. It employs a method called “synthetic lethality” which enhances its selective activity against cancer cells while minimising its impact on healthy cells. The compound demonstrates promising potential in targeting solid tumours, particularly aggressive brain cancers, which are among the most treatment-resistant. Stay up to date with…

ABU DHABI, 29th April, 2026 (WAM) — Abu Dhabi Islamic Bank (ADIB) sustained its positive momentum in Q1 2026, delivering strong financial performance across the group. According to financial results, the bank recorded a year‑on‑year increase of 8%, with net profit before tax reaching AED 2.1 billion in the first quarter, up 2.3% compared to the previous quarter. The earnings growth reflects healthy balance sheet expansion and continued customer acquisition across key segments, with 66,000 new customers acquired during the period. Net profit after tax for Q1 2026 stood at AED 1.8 billion, representing an increase of 7% compared to…

Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, stated that the launch of a National Programme to Strengthen Supply Chain Resilience underscores the UAE’s commitment to bolstering economic security, ensuring the sustainable flow of vital commodities, and reinforcing the nation’s readiness to address global geopolitical and economic shifts. In statements to the Emirates News Agency (WAM), the minister noted that the programme was developed and tested during the period of Iran’s egregious attacks on the UAE and several regional countries, aiming to enhance the UAE’s capacity to manage challenges and disruptions affecting global supply chains. He explained that…

For many children, toys are more than playthings; they are often the first windows to the world around them. That is why the arrival of Barbie’s first autistic doll in the UAE has been welcomed by families who say representation in everyday play can help children feel seen, understood, and included. Barbie has introduced its first autistic doll in the UAE during World Autism Month, describing it as part of wider efforts to expand inclusivity through play. Developed in partnership with the Autistic Self Advocacy Network, the doll includes features and accessories designed to reflect some autistic experiences. These include…

SEOUL, 30th April, 2026 (WAM) — Samsung Electronics Co. said Thursday its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence (AI) applications. According to Yonhap News Agency, net profit for the three months ended March jumped to 47.22 trillion won (US$31.8 billion) from 8.22 trillion won a year earlier, the company said in a press release. Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won over the same period, while sales climbed 69.2 % to 133.87 trillion won from 79.14…

SHARJAH, 29th April, 2026 (WAM) — Sharjah Police convened its cross-departmental coordination team for the second time this year to advance work on the Sharjah Healthy Emirate Program. The session was chaired by Brigadier General Dr Ali Ahmed Bu Al Zoud, Director General of the General Directorate of Resources and Support Services, and attended by team members representing the command’s various departments. Speaking to the assembled department representatives, Bu Al Zoud addressed the programme’s demands directly. Bu Al Zoud emphasised that each entity involved must contribute effectively by submitting the necessary data and paperwork promptly, not merely as a bureaucratic…

Flights between India and the UAE are gradually returning to normal, but airfares remain high, with many residents still paying more than usual for travel.  Travel agents said that the fares are currently about 30 to 35 per cent higher than normal for this time of the year, which is usually a low travel season. “April is usually a low season for India-UAE travel. But fares are now around 30 to 35 per cent higher than normal because of higher fuel costs and limited capacity,” said Bharath Aidasani, managing partner at Pluto Travels. He added that flights are still operating…

Bangladesh has confirmed 30 deaths in a measles outbreak that has spread rapidly across the country, with most of the victims aged under two, the World Health Organisation said on Thursday. In what it described as a reversal of progress towards measles elimination in Bangladesh, the WHO said there had also been another 166 suspected deaths from the disease since mid-March. Health experts said it was the highest death toll from measles in decades. More than 19,000 suspected cases were reported from March 15 to April 14 and nearly 3,000 cases were confirmed in laboratory tests, the WHO said. Stay…