Author: Editorial Team
Swiss watchmaker Swatch and luxury partner Audemars Piguet are betting big on a Gen-Z “product drop” culture — buzzy, often limited launches that have helped spur sales from Labubu dolls and Nike trainers to Popeyes chicken. The maker of popular colourful watches has stirred debate — and seen some punches thrown — with a product launch of its Royal Pop pocket watch collection with Audemars Piguet, which forced it to close some stores and limit queues. In Milan shoppers outside a Swatch store ended up in a scuffle, to get their hands on the Pop Art style watches blending the…
V. S. Hariharan, Managing Director & Group CEO, Redington Limited. Redington Limited, a leading technology solutions provider, recently announced its financial results for the quarter and year ended March 31, 2026. The Company reported strong revenue growth, supported by continued momentum across its solutions-led businesses, technology portfolios, and core operating markets. For Q4 FY26, Redington reported global revenue of ₹33,269 crore, representing year-on-year growth of 25%. Net profit for the quarter excluding exceptional items stood at ₹467 crore and net profit margin at 1.4%. For FY26, Redington delivered revenue of ₹119,347 crore, representing year-on-year growth of 20% and net profit…
RIYADH — The United Kingdom and the Gulf Cooperation Council have concluded negotiations on a major Free Trade Agreement aimed at strengthening trade, investment and economic cooperation between Britain and Gulf states, including Saudi Arabia. Announced on Tuesday, the agreement marks the first trade deal between the GCC and a G7 country and is expected to create significant opportunities for businesses, investors and service providers across both regions. The deal covers all six GCC member states — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman and Qatar — and is designed to support open trade, economic growth and long-term investment partnerships.…
RIYADH — Saudi Arabia on Wednesday welcomed U.S. President Donald Trump’s decision to “give diplomacy a chance” to end the war and restore maritime security in the Strait of Hormuz, while also praising Pakistan’s mediation efforts aimed at preventing further regional escalation. In a statement posted on X, Saudi Foreign Minister Prince Faisal bin Farhan said the Kingdom highly appreciated Trump’s move to pursue a diplomatic solution that would restore “the security and freedom of maritime navigation in the Strait of Hormuz to its state prior to February 28, 2026.” The foreign minister said Saudi Arabia supports efforts to reach…
Aldar Education-operated schools in Abu Dhabi will see a nine-fold increase in UAE nationals among staff with the signing of a new strategic partnership with the Abu Dhabi Department of Education and Knowledge (ADEK). Aldar Education will work towards hiring over 300 Emiratis, including over 100 new-to-sector Emirati teachers, as part of this partnership. It will also comply with the national direction to ensure all Social Studies positions across its operated schools are occupied by Emirati educators within the next three years. Stay up to date with the latest news. Follow KT on WhatsApp Channels. This agreement is the first…
DUBAI, 20 May, 2026 (WAM) — Louis Margueritte, Chief Executive Officer of Business France, the French national agency for international business development, affirmed that France and the United Arab Emirates possess strong elements of economic complementarity. Speaking during a dialogue session hosted today at the Dubai Press Club on the sidelines of his visit to the UAE, Margueritte said that artificial intelligence, technology and industry represent promising opportunities to deepen partnerships between the two countries, alongside long-established sectors such as defence, energy, infrastructure and services. He stressed that France and the UAE are continuing to strengthen their long-standing strategic partnership…
Swiss watchmaker Swatch was forced to shut stores and cap queues after the launch of its Royal Pop pocket watch in collaboration with Audemars Piguet drew large crowds and triggered brawls among shoppers. The watches combining Swatch’s 1980s pop-art style with the Audemars Piguet octagonal bezel sell for $400 to $420, far below the many thousands of dollars commanded by Audemars Piguet’s luxury watches, leading many to buy and then flip Royal Pop timepieces online at inflated prices. Social media posts and video showed queues of shoppers at stores in New York, London, Barcelona and Dubai at the weekend, with…
ABU DHABI, 17th May, 2026 (WAM) — The Federal Authority for Nuclear Regulation (FANR) stated that it is continuing to closely monitor the incident involving a fire in an electrical generator located outside the inner perimeter of the Barakah Nuclear Power Plant in the Al Dhafra Region, caused by a drone strike. FANR confirmed that the incident did not affect the safety of the Barakah Nuclear Power Plant or the readiness of its essential systems. There has been no release of radioactive material, radiological safety levels remain within normal ranges, and there is no risk to the public or the…
Cisco recently announced the Cisco Universal Quantum Switch, a critical milestone in quantum networking that addresses one of the most fundamental barriers to building a quantum network. As a working research prototype, it is the latest proof point in Cisco’s accelerating full-stack quantum networking program, built on years of foundational research, real-world demonstrations, and a growing ecosystem of strategic collaborations. Quantum computers encode information in different ways, and until now, no switch could accept and translate between all major encoding modalities without destroying the quantum information in the process. The Cisco Universal Quantum Switch is designed to address this challenge…
RIYADH — Saudi Arabia’s non-oil trade surplus with the Gulf Cooperation Council (GCC) countries reached SR4.47 billion in February 2026, representing a 7 percent increase compared to the same period in 2025. According to the data released by the General Authority for Statistics (GASTAT), total Saudi non-oil merchandise exports and re-exports to the GCC countries rose to SR12.4 billion in February, representing a 29 percent year-on-year increase. Non-oil merchandise exports during the period include SR9.3 billion in re-exports and SR3.1 billion in domestic exports. Meanwhile, Saudi Arabia’s merchandise imports from the GCC countries totaled SR7.9 billion during February, marking a…