Author: Editorial team
DUBAI, 9th July, 2026 (WAM) — The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC), published today its 9th ‘Audit Monitoring Report: Setting the Standard in Audit Quality within Dubai International Financial Centre’. The report summarises the insights gathered from the DFSA’s audit monitoring visits to Registered Auditors in DIFC between 1st January 2024 and 31st December 2025. The report provides comprehensive insights into audit inspection outcomes, identifies areas of leading practice, and reinforces the importance of robust audit methodologies, professional scepticism, and effective quality management systems. It serves…
CAIRO, 9th July, 2026 (WAM) — The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has introduced a major initiative to advance road safety in the Middle East and North Africa. The FIA Safe Mobility 4 All & 4 Life programme aims to support FIA Member Clubs and government authorities with training, mentorship, and evidence-based actions to improve road safety for everyone. It was launched at an FIA Region I MENA Mobility Council seminar in Cairo on Wednesday attended by 17 FIA Member Clubs from 15 countries. The event…
Two brothers from Dubai have turned their curiosity, classroom challenges and friendly competition into a global achievement, winning first place in the Junior Team category at the 2026 MIT Global Appathon. Grade 8 students Mohammed Hamdan and Mohammed Hamza Siddiqi from Gems Founders School outperformed more than 2,176 participants representing 141 countries with their artificial intelligence-powered app, “SCENAR” (Self-Controlled Energo-Neuro Adaptive Regulator). The app aims to support emergency teams by helping them obtain accurate information faster during critical situations, where every second can make a difference. Stay up to date with the latest news. Follow KT on WhatsApp Channels. This…
DUBAI, 9th July, 2026 (WAM) — On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Omar Sultan Al Olama, Minister of State for Artificial Intelligence, participated in the United Nations Global Dialogue on Artificial Intelligence Governance, held in Geneva, Switzerland, to advance the global dialogue on Artificial Intelligence governance and to strengthen international cooperation in this field. During the dialogue, Omar Sultan Al Olama conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the participating leaders, and underscored the UAE’s commitment to working with the international community to advance responsible artificial intelligence.…
ABU DHABI, 9th July, 2026 (WAM) — Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases. For the first time in the emirate, eligible homebuyers will be able to access up to 75% off-plan home financing through ADIB. Available exclusively for future Modon developments, the innovative solution enables customers to secure homes earlier in the development cycle through a more seamless purchasing journey, marking a significant milestone in the evolution of Abu Dhabi’s real estate market. The MoU was signed during an official…
As OMODA & JAECOO vehicles continue attracting attention across Dubai, the company has officially confirmed that they are showcasing its upcoming Super Intelligent Valet Parking (SIVP) technology, an advanced assisted driving feature scheduled to debut in the UAE soon. Following weeks of speculation generated by viral social media videos showing the OMODA & JAECOO vehicles performing precise parking manoeuvres during Dubai’s intense summer heat, OMODA & JAECOO has confirmed that the technology is currently being localised for the UAE market ahead of its planned introduction. The UAE will become the first market in the Middle East to introduce the feature,…
ABU DHABI, 10th July, 2026 (WAM) — The United Arab Emirates has welcomed the announcement by U.S. President Donald Trump to initiate the process of removing the Syrian Arab Republic from the United States’ list of State Sponsors of Terrorism. In a statement, the Ministry of Foreign Affairs (MoFA) expressed its appreciation for President Donald Trump’s efforts in taking this step, which represents a positive development that will support Syria’s recovery and reconstruction efforts, create broader prospects for revitalizing the economy and attracting investment, and enhance Syria’s integration into the global economy, thereby contributing to strengthening security, stability, and prosperity…
Dubai’s Palm Monorail has resumed operations after a six-month closure for maintenance, restoring public transport across Palm Jumeirah. Announcing the reopening on social media, the operator said, “The Palm Monorail is open! Hop on and enjoy the ride across Palm Jumeirah.” Passengers can now book tickets through their website and official channels. The monorail had suspended services in January, with the operator announcing that it would remain temporarily closed while station maintenance works were carried out. Stay up to date with the latest news. Follow KT on WhatsApp Channels. During the closure, residents and tourists were advised to use the…
WASHINGTON, 9th July, 2026 (WAM) — AI company OpenAI has released the GPT-5.6 frontier model family for everyone. Alongside, OpenAI has also released the ChatGPT Work agentic AI tool, which the company says can “stay with complex projects for hours”. ChatGPT Work is the more consequential product launch of the day. It extends Codex-style capabilities — previously the domain of engineers — to non-technical users, letting them generate documents, spreadsheets, presentations, and small web apps from the same interface used for chat. The pitch is that a marketer or operations lead can now use the same agentic tooling that a…
ABU DHABI, 9th July, 2026 (WAM) — As part of Abu Dhabi Fund for Development’s commitment to strengthening national institutional engagement and communication, Mohamed Saif Al Suwaidi, Director-General of ADFD, led a delegation of the Fund’s management and employees on an official visit to MBZ City Passenger Train Station in Abu Dhabi. The visit included a tour of the station’s facilities, during which attendees were briefed on the advanced infrastructure designed in accordance with the highest standards of operational efficiency and world-class quality specifications. The Fund was among the first government entities to gain first-hand insight into this pioneering national…