Author: Editorial team

Mid and small-sized insurance companies in the UAE are outpacing their larger rivals, growing revenue by 19 per cent in the first half of 2026 compared to 12 per cent growth for the country’s five biggest insurers, according to a new industry report.That momentum among smaller players helped drive the entire industry to a strong first half.Stay up to date with the latest news. Follow KT on WhatsApp Channels.UAE-listed insurers posted a combined net profit of Dh2.2 billion, up 12 per cent from Dh2.0 billion in the same period last year. The top five insurers accounted for Dh1.58 billion of…

Nearly 30 years after Tupac Shakur was fatally shot in Las Vegas, the man accused of masterminding his killing is going on trial.Opening statements are set to begin on Monday in the murder trial of Duane “Keffe D” Davis, a former street gang leader accused of orchestrating the 1996 drive-by shooting that killed the hip-hop star.Davis, 63, is charged in Clark County, Nevada, with one count of murder using a deadly weapon. He has pleaded not guilty.Stay up to date with the latest news. Follow KT on WhatsApp channels.Prosecutors allege Davis led a group of men in a plot to…

Aspiring musicians in Dubai will soon be able to study for a Bachelor of Music without leaving the city, as SAE University College prepares to launch what it says is Dubai’s first accredited degree of its kind. The three-year, full-time programme will begin in September 2026, with applications currently open. It comes as the UAE looks to expand its cultural and creative industries, with a national target for the sector to contribute 5 per cent of GDP by 2031. According to Jan Horn, Managing Director of SAE University College Dubai, the timing reflects a gap between the growth of the…

A home series against Bangladesh may have seemed the perfect chance for Australia to shake off rust and ease into a huge year of Test cricket, but the shambolic defeat to the South Asian side in Darwin has the top-ranked hosts searching for answers to uncomfortable questions about their future. Australia’s nine-wicket loss, completed on Sunday inside four days, was variously described in local media as one of the country’s biggest Test humiliations following domination by ninth-ranked Bangladesh.The second and final Test in Mackay, Queensland, starting on Saturday, now carries far more weight than anticipated.Nothing less than a thumping win…

ABU DHABI, 17th August, 2026 (WAM) — AD Ports Group on Monday announced that it has received a notification from L’IMAD Holding Company PJSC (L’IMAD), a sovereign investor of the Government of Abu Dhabi, of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100 percent of the issued and paid-up share capital of Abu Dhabi Ports Company PJSC (AD Ports Group) not already held by ADQ (a copy of which is enclosed). L’IMAD, through ADQ, currently owns 75.42 percent of AD Ports Group.…

ABU DHABI, 17th August, 2026 (WAM) — The National Space Science and Technology Centre (NSSTC) at the United Arab Emirates University (UAEU) announced the successful launch of the SEO satellite aboard A Long March 2C carrier rocket from the Taiyuan Satellite Launch Centre in China. The achievement is part of the centre’s efforts to develop national space projects, strengthen UAE capabilities in the sector and support the country’s ambitions in science, technology and innovation. The SEO project also aims to develop national talent by providing Emirati researchers and engineers with practical experience in satellite design, development and operations in cooperation…

Salama reported first-half profit after tax of Dh28.3 million, more than three times the Dh8.2 million recorded a year earlier, as stronger underwriting discipline, portfolio optimization, pricing actions and tighter expense management supported its core insurance business. The Islamic Arab Insurance Company also delivered a second consecutive profitable quarter, with Q2 profit after tax of Dh14.3 million, compared with Dh7.9 million in the same period last year. Stay up to date with the latest news. Follow KT on WhatsApp Channels.Salama insurance service result improved to Dh28.3 million, marking a Dh30.2 million turnaround from a loss of Dh1.9 million in the…

Spider-Man: Brand New Day has crossed $2 billion at the worldwide box office just three weeks after its release, adding another major record to Tom Holland’s return as the Marvel superhero.According to studio estimates, the film has earned $785.8 million in North America and around $1.24 billion internationally, taking its global total past $2.02 billion after three weekends in cinemas.The milestone makes Brand New Day only the eighth film in history to cross $2 billion worldwide and the second fastest to get there.Avengers: Endgame remains the fastest film to reach both $1 billion and $2 billion worldwide, hitting the milestones in five and 11…

LONDON, 17th August, 2026 (WAM) — Abu Dhabi Future Energy Company PJSC – Masdar and ScottishPower Renewables have completed a major construction milestone at the £4 billion East Anglia THREE offshore wind farm, with all 95 foundations now installed off the Suffolk coast. Weighing in at 1,200-1,800 tonnes, standing 67-84 metres tall and with a diameter of up to 10.6 metres, the monopiles are the largest to be installed from a jack-up vessel in Europe. The installation of all 95 transition pieces – 20 metres in height, 8 metres in diameter and weighing more than 400 tonnes – has also…

DUBAI, 17th August, 2026 (WAM) — Dubai Holding’s national talent development programmes aim to equip Emiratis with the skills and experience needed to lead transformation and contribute to future economic sectors, Group Chief People Officer Fatma Hussain said. In statements to the Emirates News Agency (WAM), Hussain said the “Al Multaqa” Emiratisation platform and “Leaders of Tomorrow” graduate programme provide career pathways spanning recruitment, training, mentoring and leadership development. She said investing in national talent is a key pillar of the group’s strategy, with clear career pathways designed to help Emiratis develop and take on greater responsibilities. Fatma Hussain said…