Author: Editorial Team
WASHINGTON — Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to pay a combined $18 million in penalties to settle a civil fraud lawsuit filed by the US Securities and Exchange Commission. Meanwhile, the US Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the US economy, according to two sources familiar with the matter. Adani on Thursday resolved a related civil fraud lawsuit brought by the Securities and Exchange Commission (SEC) over an alleged scheme to bribe Indian government officials, subject to…
ABU DHABI, 15th May, 2026 (WAM) — UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Narendra Modi, Prime Minister of the Republic of India, today witnessed the exchange of several agreements and memoranda of understanding aimed at advancing cooperation between the two countries within the framework of their strategic partnership. The agreements exchanged during the Indian Prime Minister’s official visit to the UAE include: • A Strategic Collaboration Agreement between Indian Strategic Petroleum Reserves Limited (ISPRL) and Abu Dhabi National Oil Company (ADNOC). The agreement was exchanged by His Excellency Dr Sultan Ahmed Al Jaber,…
SHARJAH, 15th May, 2026 (WAM) — The German Emirati Vocational Institute (GEVI) was officially inaugurated in Sharjah by Sheikh Salim Al Qasimi, Vice Chairman of Albatha Holding, marking the launch of a new vocational education institute designed to strengthen industry-led skills development and deepen Germany–UAE cooperation in workforce training. The inauguration brought together distinguished guests from government, education, and industry, reflecting strong collaboration between Emirati institutions and German partners in developing future-focused vocational pathways. GEVI has been established by Albatha Holding in collaboration with industry partners AGMC, supported by the German Emirati Joint Council for Industry and Commerce (AHK), and…
Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, directed that a financial grant of Dh5 million be given to Ajman Club, in appreciation of the outstanding and honourable performance of the club’s first football team during the current football season, and the distinguished results and levels it has achieved. Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department in Ajman and Chairman of Ajman Sports Club, appreciated the generosity of Sheikh Ammar and the continuous support that he gives to the club. Stay up to date with the…
RIYADH — The Riyadh University for Arts (RUA) has opened admissions and registration for its first student cohort on May 14, across four colleges offering eight academic programs, with the first phase of its educational programs set to launch on September 6. The programs now open for admission and registration include a Bachelor’s degree in Film and Television Production, a Master’s degree in Screenwriting, and an Intermediate Diploma in Film and Television Production under the College of Film; a Bachelor’s degree in Music Production, a Bachelor’s degree in Music Education, and a Bachelor’s degree in Music under the College of…
RIYADH — The Ministry of Municipalities and Housing has approved the executive regulations for vacant property fees as part of efforts to improve the efficient use of real estate assets and strengthen balance in the property market. The move comes in line with directives by Crown Prince Mohammed bin Salman aimed at regulating the real estate sector and improving the balance between supply and demand. The ministry said the regulations are designed to encourage the utilization of vacant buildings and increase the supply of residential and commercial units, helping curb practices that negatively affect market balance. Under the regulations, fees…
DUBAI, 15th May, 2026 (WAM) — MENA Blockchain Week (MENABCW), the region’s first decentralised, citywide Blockchain initiative, has officially launched, running from 18th to 24th May in Dubai. Organised by SkyNet X Solutions (SNXS), with Dubai Business Events (DBE), part of the Dubai Department of Economy and Tourism (DET), as the official destination partner, the initiative brings together 40+ simultaneous events, 5,000+ attendees, and 100+ speakers under a single coordinated campaign. MENA Blockchain Week (MENABCW) encompasses an ecosystem infrastructure: a shared campaign identity that transforms Dubai itself into the venue, allowing independent organisers, community leaders, and Blockchain projects to run…
Abhijit Dubey, CEO and Chief AI Officer, NTT DATA, Inc. NTT DATA, a global leader in AI, digital business and technology services, recently released new research showing that enterprise AI is outgrowing the architecture and infrastructure beneath it as data privacy and sovereignty requirements tighten. The research finds a widening split between enterprises that are redesigning AI for control, locality and security, and organisations still layering AI into environments that were not built to support these requirements. For years, enterprise architecture moved data across systems, clouds, applications and borders with increasing speed and efficiency. AI is exposing the limits of…
JEDDAH — Saudi Minister of Defense Prince Khalid bin Salman met with National Security Advisor for the United Kingdom Jonathan Powell in Jeddah on Wednesday.During the meeting, they reviewed aspects of Saudi-British relations and cooperation. They discussed joint efforts to address the challenges facing the region amid the current developments, as well as efforts to de-escalate the situation in a manner that preserves regional security and stability. The meeting was attended by Advisor to the Minister of Defense for Intelligence Affairs Hisham bin Saif. On the British side, the meeting was attended by Prime Minister’s Special Advisor for Business and…
RIYADH — The Ministry of Energy launched on Thursday the qualification phase for competitions to establish, own, and operate truck-based compressed natural gas (CNG) distribution projects by tankers in the Riyadh and Eastern regions. These competitions are part of the ministry’s efforts to strengthen the natural gas sector’s infrastructure, improve service quality, foster a competitive environment in this vital field, and enhance the use of technology to facilitate access to natural gas. With the aim of maximizing the economic, environmental, and social benefits of petroleum resources, this is expected to help reduce reliance on liquid fuels and support the transition…