Author: Editorial team

ABU DHABI, 29th July, 2026 (WAM) — The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities. The Base Rate, which is anchored to the US Federal Reserve’s IORB, signals the general stance of monetary…

DUBAI, 29th July, 2026 (WAM) — The General Directorate of Identity and Foreigners Affairs in Dubai (GDRFA Dubai) organised a field tour for media representatives at the Centre for harbouring in Al Awir to introduce them to the Centre’s integrated system and services. The Centre provides comprehensive care for people who are unable to travel to their home countries due to various circumstances. During the tour, participants were briefed on the Centre’s facilities and operating mechanisms, which embody Dubai’s vision and approach to transforming humanitarian principles into sustainable institutional practices whose impact is reflected on individuals and society. The tour…

Two participants won Dh100,000 each in Wednesday night’s UAE Lottery draw after matching five numbers and the Lucky Number in the latest Lucky Day Draw. The winning numbers for Lucky Day Draw 260729, held on July 29, were 4, 10, 11, 13, 18 and 31, while the Lucky Month Number was 7. According to results published by UAE Lottery, no winner was recorded for the Dh30 million Grand Prize or the Dh5 million Second Prize. Stay up to date with the latest news. Follow KT on WhatsApp Channels. However, two players secured the Dh100,000 third prize by matching five numbers…

ABU DHABI, 29th July, 2026 (WAM) — Modon Holding PSC (Modon or the Group) today reported record first-half results for the six months ended 30 June 2026, building on the momentum established over the past two years. H1 2026 Group Highlights: • Group revenue reached a semi-annual record of AED 9.2 billion, a 40% year-on-year increase, driven by growth across multiple segments with accelerated development progress, a full half-year contribution from Arena following its acquisition in May 2025, improved hospitality performance, and resilient recurring leasing income. • Group Adjusted EBITDA¹ reached AED 3.0 billion and Group net profit AED 2.2…

Patients who need to lower their cholesterol will soon have a powerful new option. The Food and Drug Administration recently approved a new pill called enlicitide that can lower cholesterol levels substantially more than statins alone. The drug, which was developed by Merck and will be sold under the brand name Lipfendra, is expected to go on the market in the coming weeks. Here’s what to know. Q: How does the new pill compare with other cholesterol treatments? A: Lipfendra adds to the list of treatments that can lower low-density lipoprotein, or LDL, a form of cholesterol that, at high…

DUBAI, 29th July, 2026 (WAM) — Dubai Aerospace Enterprise (DAE) has reported financial results for the six months ended June 30, 2026, with revenue rising to $865.9 million from $843.6 million in the same period last year. Profit before tax and exceptional items increased to $229.9 million, compared with $217.1 million in the first half of 2025, while the company maintained a strong pre-tax profit margin of 26.6%. DAE’s operating cash flow stood at $594 million, with available liquidity increasing to $4.4 billion. Selected Business and Operating Highlights: Number of aircraft acquired: 18 (owned: 17; managed: 1) Number of aircraft…

If you’ve been scrolling Instagram over the past few days, you may have noticed something unusual. Major brands across the GCC have seemingly handed over their social media accounts to children. Crooked selfies, fingers covering the camera, blurry snapshots and random close-ups have appeared on the feeds of companies including Uber UAE, Visit Abu Dhabi and du, leaving many users wondering the same thing: What is going on? The answer lies in what appears to have started as a genuine social media mishap. How it started According to the brands participating in the trend, it all began after Saudi abaya…

UAE President Sheikh Mohamed bin Zayed Al Nahyan has arrived in the Slovak Republic on a working visit. Accompanying the President are Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President; and a number of ministers and senior officials. Source: Khaleej Times

ABU DHABI, 29th July, 2026 (WAM) — Abu Dhabi Islamic Bank (ADIB) continued to deliver strong and sustainable growth in H1 2026, with net profit before tax increasing 9% year-on-year to AED 4.3 billion and rising 6% during the second quarter compared to Q1 2026 to AED 2.2 billion. The strong performance was driven by significant customer financing growth, strong asset quality, and diversified revenue streams. The Bank added 125,000 new customers during the first half of the year, supporting balance sheet expansion and reinforcing the strength of its franchise. Net profit after tax for H1 2026 stood at AED…

After five years of waiting, Tom Holland’s return in his fourth solo outing as Spider-Man arrives with a daunting task. After the multiverse spectacle of Spider-Man: No Way Home, Spider-Man: Brand New Day could have easily fallen into the same trap of relying on nostalgia and cameos. Instead, it does something far more interesting. It strips everything back. The result is a film that feels less like another chapter in the Marvel Cinematic Universe (MCU) and more like the beginning of a new era for Peter Parker, perhaps a sadder one, but a refreshingly new one nonetheless. Following the events…