Author: Editorial team

ABU DHABI, 4th May, 2026 (WAM) — 2PointZero Group today announced its financial results for the first quarter of 2026, recording strong revenue growth of 1,823 percent and achieving net profit at the group level of AED2.3 billion, in a performance reflecting the consolidation of financial results following the merger with 2PointZero and Ghitha Holding. The group’s strong performance contributed to achieving adjusted earnings before interest, tax, depreciation and amortisation, excluding fair value changes and non-recurring items, of AED2.5 billion, compared to AED0.5 billion during the first quarter of 2025. Net profit from the group’s companies increased by 1,610 percent…

SHARJAH, 4th May, 2026 (WAM) — His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of the University of Kalba, chaired on Monday morning the meeting of the University of Kalba Board of Trustees at the university’s headquarters. His Highness commended the progress achieved by the University of Kalba in recent years, as reflected in periodic achievement reports and the multiple partnerships established by the university. He expressed his appreciation to its leadership, board members, and specialised committees for their strong commitment to advancing the institution. The Ruler of Sharjah highlighted…

[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The UAE is discussing a currency swap line with the US, its trade minister said on Monday. “We have this discussion and conversation with many, it’s part of an elite group that the US is having this swap policy with. They are only having it with five countries,” Thani Al Zeyoudi said at a conference in Abu Dhabi. “Being part of that group means that transactions… trade, investments between both nations reach a level where that swap is highly needed … so…

As the Met Gala takes over its iconic steps in New York tonight, all eyes are on this year’s dress code: ‘Costume Art’. The annual fundraiser for The Metropolitan Museum of Art’s Costume Institute has long been a stage where designers push beyond trends, creating looks that live somewhere between storytelling and spectacle. This year’s theme, tied to the Costume Institute’s spring exhibition, invites designers and attendees to treat the body as a canvas and the red carpet as a gallery. Sculptural silhouettes, archival references, handwork that borders on installation art — all of it is fair game. And while…

[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The UAE’s private sector was told on Monday that investing at home is “no longer an option” but a national priority, as the largest edition of Make it in the Emirates opened with a call to strengthen economic sovereignty, local manufacturing and industrial resilience. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said investing in the UAE is an “investment in our stability, our economic sovereignty, and the future of generations…

From fragmented health data to predictive systems, the UAE is positioning itself at the forefront of a new biological intelligence economy Published: Mon 4 May 2026, 12:12 PM If the last two decades were defined by digital infrastructure, cloud computing, and data centres, the next may be defined by something less visible but far more consequential: biological intelligence. At its core is a simple reality. Human biology is the largest unstructured dataset on Earth. Every person continuously generates biological signals through their genes, immune system, metabolism, and environment. Yet modern healthcare captures only fragments of this data, often too late,…

ABU DHABI, 4th May, 2026 (WAM) — ADNOC Drilling Company announced today the completion of its transaction to acquire an 80 percent stake of MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) joint venture (JV) with MB Holding Company, with operations in Oman, Kuwait, Saudi Arabia, and Bahrain. The transaction was completed ahead of the original mid-year timeline, reflecting disciplined execution and alignment between the partners. Abdulla Ateya Al Messabi, ADNOC Drilling CEO and MBPS Chairman, said, “The completion of MBPS strengthens ADNOC Drilling’s long-term regional capability by adding established operating scale and deep field execution capability in…

ABU DHABI, 4th May, 2026 (WAM) — Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, affirmed that the UAE continues to consolidate a development model centreed on investing in people and elevating national competencies across sovereign sectors. At the heart of that model stands Emirati woman as an active partner in nation‑building and a core component of national security and sustainable development. In an interview with Zayed Military University Newspaper, she added that rapid geopolitical shifts, changing balances of power, and evolving forms of conflict, including cyber, media and intelligence warfare, have strengthened the interconnection between military,…

OMODA & JAECOO has showcased its Ecosystem Pavilion at the Chery International Business Summit 2026 in Wuhu, China, presenting a bold vision for future mobility where technology, lifestyle, and user experience converge. Held under the theme “New Era, New Heights,” the Business Summit brought together global dealers, investors, partners, and media, with the Pavilion emerging as a key highlight. Spanning over 2,000 square meters, the Pavilion introduces an immersive, scenario-driven environment based on the “Ecosystem Tree” concept. The layout features a central product display extending into lifestyle zones, including outdoor living, pet-friendly travel, and automotive customization—reflecting the brand’s shift toward…

DUBAI, 4th May, 2026 (WAM) — Dubai International (DXB) continued to sustain global connectivity through a period of regional disruption that significantly constrained airspace capacity and flight schedules across a critical aviation corridor. With airspace within the UAE now fully restored, Dubai Airports is moving decisively to scale up operations, increasing flight movements in line with available regional routing capacity. Since the situation began on 28th February and intensified through March, Dubai’s airports remained operational despite constraints, supporting the safe movement of 6 million guests, over 32,000 aircraft movements, and 213,000 tonnes of essential cargo as of 30th April. Operations…