Author: Editorial team

Dana Gas reported a 47 per cent increase in first-half net profit to Dh393 million, supported by higher hydrocarbon prices, rising production in Egypt and stronger gas sales from Pearl Petroleum.Net profit increased from Dh270 million in the same period last year. The reported figure included a one-off Dh176 million gas metering reconciliation recognised in the first quarter. Excluding that item, net profit stood at Dh217 million.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Revenue for the six months ended June 30 rose 51 per cent to Dh946 million, from Dh627 million a year earlier. Excluding…

After a successful theatrical run, filmmaker Imtiaz Ali’s latest outing ‘Main Vaapas Aaunga’ is set to reach a wider audience with its digital debut.The film premiered on Netflix on Friday, August 7.Sharing the news on Instagram, the OTT platform wrote, “78 saal pehle jo kahaani adhoori reh gayi thi, woh ab poori hogi (The story that was left unfinished 78 years ago, will get its completion now). Watch ‘Main Vaapas Aaunga’, out 7 August, on Netflix!”Earlier, director Imtiaz Ali marked a special milestone as ‘Main Vaapas Aaunga’ completed 50 days in theatres. In a nod to the milestone, Imtiaz Ali…

Cape Verde goalkeeper Vozinha said on Tuesday he always believed he belonged at a major club after his stand-out performances at the World Cup earned him a move to Chilean side Colo-Colo.The 40-year-old, who became a social media sensation at the World Cup, played a crucial role in helping the small African island nation get past the group stage before suffering a narrow defeat to Argentina in the round of 32.Vozinha joined Colo-Colo, who have won a record 34 Chilean top-flight titles, after leaving Portuguese second-tier side Chaves. He previously played for clubs in Angola, Cyprus, Moldova and Slovakia.”Despite playing…

ABU DHABI, 7th August, 2026 (WAM) — The Ministry of Finance has announced the issuance of Ministerial Decision No. (131) amending certain provisions of the Ministerial Decision on the Taxation of Corporations and Businesses. The amendment extends the period during which Small Business Relief may be claimed to tax periods ending on or before 31st December 2029. The decision forms part of the ministry’s ongoing efforts to support small businesses and start-ups, strengthen the business environment, and enable entrepreneurs to grow and expand their businesses, thereby reinforcing the UAE’s position as a leading global destination for investment. It also reaffirms…

DUBAI, 8th August, 2026 (WAM) — Dubai Customs has developed the concept of summer camps through a progressive training and learning model that turns the summer break into a journey of awareness-building and career decision-making. The model connects students with workplace environments, introduces them to university disciplines, and develops the skills required by the economy of the future. Dubai Summer Camp embodies this shift by offering an experience that combines learning with professional exposure. It reinforces Dubai Customs’ vision of investing early in human capital, preparing national talent that is better equipped for future requirements, and strengthening the integration between…

UAE’s Ministry of Finance has announced the issuance of Ministerial Decision No. (131) amending certain provisions of the Ministerial Decision on the Taxation of Corporations and Businesses. The amendment extends the period during which Small Business Relief may be claimed to tax periods ending on or before December 31, 2029.The decision forms part of the ministry’s ongoing efforts to support small businesses and start-ups, strengthen the business environment, and enable entrepreneurs to grow and expand their businesses, thereby reinforcing the UAE’s position as a leading global destination for investment.It also reaffirms the UAE’s commitment to developing a competitive tax system…

Young makeup artist Ava Gillies, known for working in hit Hollywood film ‘Barbie’ and the popular TV show ‘Bridgerton’, passed away at 26 in a tragic car accident. According to the New York Post, Gillies was driving down a carriageway in Wrelton, England when a black Audi A4 slammed into her white Volkswagen Polo on July 26, said the North Yorkshire police. After the accident, Gillies passed away at the scene. In a statement, Gillies’ family mourned her passing, calling the loss “immeasurable.””Ava, we will always, always miss you, your wit, your charm, your beauty, your feisty confidence, your many…

Mohamed Salah arrived smiling at an Istanbul airport on Wednesday wearing Trabzonspor’s burgundy and blue kit ahead of his expected move to the Turkish top-tier side from Liverpool, as hundreds of fans jostled to get a glimpse of the Egyptian forward.Trabzonspor announced a day earlier they were in negotiations with Salah and club chairman Ertugrul Dogan said they expected to sign the 34-year-old on a free transfer at a ceremony in the Black Sea city on Thursday.”Trabzon, are you ready? I can hear you. See you very soon,” Salah said in a video posted by the club on X.”Everywhere is…

ABU DHABI, 7th August, 2026 (WAM) — Mansoor Jaffar, CEO of ADGM Academy & Research Centre, has said that the academy is focused through 2030 on three strategic objectives: building future-ready national talent, strengthening workforce capabilities, and positioning Abu Dhabi as a regional hub for education, executive development, applied research and innovation, in support of the UAE’s long-term economic ambitions. In statements to the Emirates News Agency (WAM), Jaffar said, “Our objective is to ensure that Emiratis are not only prepared for the jobs AI will create, but are equipped to shape them, lead them, and drive the next phase…

ABU DHABI, 7th August, 2026 (WAM) — ADNOC has affirmed that it remains firmly focused on meeting customer requirements despite an “exceptionally challenging environment”. “We continue to be significantly impacted by unprovoked attacks on our people and our assets. Since the beginning of the conflict, 15 of our vessels have been attacked by missiles and drones while transiting the Strait of Hormuz, including three vessels this week alone. Tragically, these attacks have resulted in one fatality and 20 injuries to crew members,” the company said in a statement on Friday. “In close coordination with the relevant authorities, ADNOC is taking…