Author: Editorial team
WORLD CAPITALS, 3rd September, 2026 (WAM) — Gold prices firmed on Thursday as the US dollar and Treasury yields eased. Spot gold rose 0.5 percent to $4,409.97 per ounce by 0219 GMT after hitting a near one-month low in the previous session. US gold futures gained 0.9 percent to $4,455.30. Among other metals, spot silver rose 0.6 percent to $65.74, platinum climbed 0.6 percent to $1,770.88 and palladium firmed 0.6 percent to $1,354.00. Source: Emirates News Agency
The Gulf’s next major investment boom is no longer just about expanding oil production or building megaprojects. Instead, governments across the region are increasingly directing capital towards strengthening trade routes, digital infrastructure and critical services amid rising geopolitical uncertainty, according to a new analysis by the BlackRock Investment Institute.The world’s largest asset manager estimates that GCC countries will invest about $2.1 trillion by 2030, with spending focused on making economies more resilient to disruptions in trade, shipping and energy markets.For the UAE, the shift could create significant opportunities as governments and investors prioritise infrastructure that keeps goods, energy and data…
The Metropolitan Museum of Art and British fashion designer John Galliano have cancelled a major exhibition dedicated to his work, one month after the retrospective was announced and sparked backlash over his past antisemitic and racist remarks.The exhibition, titled John Galliano: Horizons, was scheduled to open at The Met Fifth Avenue in New York on May 9, 2027, and run until January 9, 2028. It was scheduled to be the Costume Institute’s spring 2027 exhibition, with the Met Gala held in conjunction.On August 31, the museum confirmed that the exhibition would no longer go ahead.”Following thoughtful discussions with John Galliano,…
Naomi Osaka unveiled another bold Grand Slam walk-on outfit at the US Open on Monday before the two-time champion battled to a 7-6(6) 7-6(3) victory over unseeded Russian Anastasia Zakharova to reach the second round.Osaka has been the fashion highlight of this year’s majors and entered Arthur Ashe Stadium in a hooded tunic featuring patchwork-style panels adorned with press clippings from past tournament appearances and a billowing white tulle train.At Wimbledon, she paid tribute to her Japanese heritage with a kimono-inspired ensemble featuring a traditional kanzashi hair ornament before changing into a white Nike playing kit.At Roland Garros, she arrived…
Uber Technologies will lay off about 3,300 employees, or 10% of staff, in its largest cuts since the Covid-19 pandemic, to better navigate the rise of robotaxis encroaching on its ride-hailing business.The cuts will flatten management layers, reducing organisational complexity that was built during a period of rapid growth but is now proving a hurdle to decision-making, CEO Dara Khosrowshahi said in a note to employees on Wednesday.Unlike several tech executives, Khosrowshahi did not blame the cuts on AI even as a push to adopt the technology and the efficiencies it can unlock have driven large cuts in the industry…
As Nepal grapples with one of its deadliest natural disasters in recent years, celebrities from across Asia have stepped forward with donations, fundraising pledges and messages of support for those affected.The catastrophic floods, triggered after a glacier collapse sent a torrent of ice, rock and mud through Himalayan valleys on August 26, have killed at least 939 people in Nepal, according to Reuters. Thousands have been displaced, while rescue teams continue efforts to reach hundreds of people believed to remain trapped.More than 11,000 people have been rescued, and aid worth more than $42 million has reached Nepal as recovery efforts…
England have left fast bowler Brydon Carse out of their squad for the third and final test against Pakistan at Edgbaston, the England Wales Cricket Board said on Wednesday.The 31-year-old Carse missed the second test after being arrested following an incident outside a Derby nightclub. He remains under investigation by Derbyshire Police, British media reported.Carse’s replacement, 23-year-old left-armer Sonny Baker, retained his place in the squad after England secured an unassailable 2-0 lead in the series by thrashing Pakistan by an innings and 103 runs at Headingley and by 194 runs at Lord’s.England are bidding for a series sweep in…
ABU DHABI, 3rd September, 2026 (WAM) — The Abu Dhabi Housing Authority Wednesday announced the commencement of the booking and sales process for 1,500 residential units in the West Baniyas Housing Project, marking a strategic shift in how citizens acquire housing benefits in the emirate by allowing beneficiaries to directly select their preferred homes within the development. Developed by Modon Properties, the West Baniyas Housing Project offers an integrated community ecosystem designed to meet the long-term needs of UAE nationals, with overall construction scheduled for completion during the second quarter of 2027. All housing units in the development have been…
LONDON, 2nd September, 2026 (WAM) — On stage 1 of the Lloyds Tour of Britain, UAE Team Emirates-XRG began the race in strong fashion, placing Tim Wellens in third and Florian Vermeersch in seventh. The pair now sit handily in the general classification ahead of the four remaining stages to come. Held in and around Lincoln, stage 1 of the 22nd Tour of Britain already came to define this year’s race. With five ascents of the cobbled Michaelgate climb on the parcours, the peloton exploded into countless fragments on Wednesday afternoon. For UAE Team Emirates-XRG, both Wellens and Vermeersch tracked…
ABU DHABI, 2nd September, 2026 (WAM) — Tawazun Council for Defence Enablement (Tawazun) has signed a strategic cooperation memorandum with TRENDS Global, part of the TRENDS Group, to establish a sustainable scientific, research, and knowledge partnership that supports decision-making and employs international research and advisory expertise. It aims to serve intellectual security and address digital challenges through in-depth research and innovative strategies to combat misleading thought, thereby enhancing community awareness. The memorandum, signed by Dr. Nasser Humaid Al Nauimi, Secertary General of Tawazun Council for Defence Enablement and Dr. Mohammed Abdullah Al Ali, Chairman of TRENDS Group, aims to provide…