Author: Editorial team

OMODA & JAECOO has successfully completed the global public real-world test of its advanced Valet Parking Driver (VPD) technology during the Chery International Business Summit, marking a major milestone in the brand’s push toward AI-driven smart mobility. The achievement comes as the brand also celebrates surpassing one million cumulative global vehicle sales, reinforcing its rapid growth and innovation leadership. The next-generation system is expected to be introduced in upcoming OMODA & JAECOO models in the UAE soon. Showcased in the presence of global media, dealers, and key opinion leaders—including participants from the UAE — the demonstration highlighted how VPD can…

ABU DHABI, 30th April, 2026 (WAM) — Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of the Supply and Transport Committee, affirmed that the UAE’s transport and supply chain system continues to operate efficiently and steadily, supported by an integrated national approach based on proactiveness, integration, and future readiness. Al Mazrouei said, “The continuity of the transport and supply chain system reflects a high level of resilience in addressing regional challenges and enhances the efficient flow of goods. This has been achieved through flexible infrastructure that supports the sustainability of supply chains, in addition to the diversity…

DUBAI, 30th April, 2026 (WAM) — Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised an open discussion in collaboration with FedEx, the world’s largest express transportation company, focusing on the readiness of supply chains in Dubai amid current global developments and ways to enhance the resilience of logistics services across all sectors. The meeting brought together 196 representatives of companies operating in Dubai and featured an interactive discussion on the logistics frameworks best suited to the current period. Participants also explored ways to help companies adapt to disruptions in global…

The UAE has launched an artificial intelligence and robotics-powered system to assess work permit applicants, as part of a push to improve labour market productivity and attract skilled talent. The initiative, rolled out by the Federal Authority for Identity and Citizenship, Customs and Port Security (ICP) in partnership with the Ministry of Human Resources and Emiratisation (MoHRE), will use smart algorithms to evaluate applicants based on skills, education, experience and knowledge. Set to begin in May, the system introduces what authorities describe as “objective evaluation mechanisms” aimed at streamlining hiring decisions and aligning workforce quality with the needs of the…

Gym-goers in Dubai were in for an unexpected moment after Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, was spotted during a visit to a fitness club in Nad Al Sheba on Wednesday, April 29. The sighting took place at FITCODE, a premium mixed health club, which shared clips of the visit on its Instagram Stories. In the videos, Sheikh Mohammed is seen walking through the gym alongside officials, as members paused mid-workout to take in the moment. Some were seen filming quietly, while others watched in surprise as he moved through the space. Reactions quickly followed online, with…

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…