Author: Editorial team
European luxury brands have sharpened their focus on the United States, with a surge of store openings and fashion shows to lure a new crop of wealthy shoppers enriched by the AI and tech boom and offset weak consumer confidence in the rest of the world. After two years of contraction, the luxury goods sector was showing signs of stabilisation until the Iran war that began at the end of February, disrupting travel and denting luxury spending far beyond the Middle East. And China, the biggest source of luxury sales growth for two decades, is still struggling to tackle deflation…
SHARJAH, 2nd June, 2026 (WAM) — H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), chaired the council’s meeting on Tuesday. The meeting was attended by H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Sharjah Executive Council, and was held at the Ruler’s Office. During the meeting, SEC reviewed key public government policies and the major plans being implemented to enhance the well-being of individuals and provide the best and fastest services within an integrated government…
UAE President Sheikh Mohamed bin Zayed Al Nahyan has offered condolences over the death of Dr Mahmoud Ahmed Al Qaysia, a respected educator in UAE who had worked alongside founding father Sheikh Zayed bin Sultan Al Nahyan. “May Allah have mercy on the esteemed educator and teacher, Dr Mahmoud Ahmad Al-Qaysieh, grant him a place in His vast Paradise, and reward him abundantly for all that he gave. We extend our sincere condolences and deepest sympathies to his noble family,” Sheikh Mohamed wrote in his tribute. “He was among the pioneering generation of teachers and educators in the United Arab…
Health insurance customers in the UAE can now lock their insurance premiums for up to five years under a new add-on launched by a brokerage firm. Called Health Insurance Premium Lock by Policybazaar.ae, the add-on allows customers to keep their premium at the same rate they signed up with for up to five years. According to the company, customers will be protected from premium increases linked to medical inflation and age-band loading during the lock period. The add-on is available on selected health insurance plans through Policybazaar.ae for residents of Dubai and the Northern Emirates. Stay up to date with…
SHARJAH, 2nd June, 2026 (WAM) — The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Afhad Holding LLC to activate a 15,095-square-metre plot in Kshisha into a new retail destination. Located in Kshisha 1, the project will be developed on Shurooq-owned land and operated by Afhad Holding as a long-term retail and community asset. The destination will introduce new retail, service and lifestyle offerings closer to residents, supporting Kshisha’s continued growth as one of Sharjah’s emerging family-focused communities. The agreement was signed at Al Bait Al Westi during an event organised by Invest in Sharjah and PwC,…
DUBAI, 2nd June, 2026 (WAM) — Ahmad bin Shafar, Chief Executive Officer of Emirates Central Cooling Systems Corporation “Empower”, inaugurated the new Command and Control Centre at the corporation’s main headquarters. The modern version of the centre represents a key element in the corporation’s digital infrastructure and the technological system supporting its operational processes, ensuring network reliability at 99.99 percent. The Command and Control Centre operates through an integrated platform supported by the latest AI technologies, big data analytics, and the Internet of Things. This enables round-the-clock monitoring and management of operational processes for all the corporation’s cooling plants and…
ABU DHABI, 2nd June, 2026 (WAM) — Abu Dhabi Quality and Conformity Council has launched Mawthooq, the integrated central digital platform for managing delegated and accredited laboratories in Abu Dhabi. The launch marks a strategic step towards advancing the quality infrastructure ecosystem and enhancing the reliability of testing and inspection results to support the competitiveness of the UAE national economy and consolidate Abu Dhabi’s position as a leading regional hub for quality and digital transformation. This initiative is part of the council’s ongoing efforts to accelerate digital transformation and enhance the efficiency of government services. It also supports efforts to…
The UAE Lottery has revealed the first winner of its Dh30-million Grand Prize, with an Abu Dhabi-based Nepalese resident claiming the jackpot since the launch of the Lucky Day Draw. Tayab Khan secured the life-changing prize after matching all six winning numbers and the Lucky Number during the draw held on May 27. Speaking about the moment he discovered he had won, Khan said he was not even watching the draw and only learned of the result later through an email notification. “I am feeling absolutely amazing, like I am in the sky,” he said. Stay up to date with…
LOS ANGELES, 2nd June, 2026 (WAM) — US President Donald Trump on Monday signed a proclamation amending his Section 232 national security tariffs on some aluminum, steel and copper imports, the White House said. The proclamation lowers tariffs on some steel and aluminum derivative products, including certain types of agricultural machinery and residential heating, air conditioning and ventilation equipment to 15 percent from 25 percent previously. It makes mobile industrial equipment, such as bulldozers and forklifts, subject to a 15 percent tariff “when imported from trade deal countries that are entitled to such treatment,” the White House said in a…
MONTE CARLO, 2nd June, 2026 (WAM) — The International Automobile Federation (FIA) said that preparations have been completed for the FIA Formula 1 Louis Vuitton Grand Prix de Monaco, scheduled to take place on Sunday in Monte Carlo. Sunday’s race will mark the first European round of the season, underlining Monaco’s enduring importance as the FIA Formula One World Championship enters a new regulatory era. “The Monaco Grand Prix is one of the great jewels of world motorsport. It represents heritage, excellence, precision and passion, and continues to capture the imagination of fans across the world,” said FIA President Mohammed…