Author: Editorial Team

[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The UAE is discussing a currency swap line with the US, its trade minister said on Monday. “We have this discussion and conversation with many, it’s part of an elite group that the US is having this swap policy with. They are only having it with five countries,” Thani Al Zeyoudi said at a conference in Abu Dhabi. “Being part of that group means that transactions… trade, investments between both nations reach a level where that swap is highly needed … so…

ABU DHABI, 4th May, 2026 (WAM) — 2PointZero Group today announced its financial results for the first quarter of 2026, recording strong revenue growth of 1,823 percent and achieving net profit at the group level of AED2.3 billion, in a performance reflecting the consolidation of financial results following the merger with 2PointZero and Ghitha Holding. The group’s strong performance contributed to achieving adjusted earnings before interest, tax, depreciation and amortisation, excluding fair value changes and non-recurring items, of AED2.5 billion, compared to AED0.5 billion during the first quarter of 2025. Net profit from the group’s companies increased by 1,610 percent…

As the Met Gala takes over its iconic steps in New York tonight, all eyes are on this year’s dress code: ‘Costume Art’. The annual fundraiser for The Metropolitan Museum of Art’s Costume Institute has long been a stage where designers push beyond trends, creating looks that live somewhere between storytelling and spectacle. This year’s theme, tied to the Costume Institute’s spring exhibition, invites designers and attendees to treat the body as a canvas and the red carpet as a gallery. Sculptural silhouettes, archival references, handwork that borders on installation art — all of it is fair game. And while…

Amer Khreino, Founder and Director of Conceptlogic Ltd., recently announced the official release of his groundbreaking new book, The 7 Elements of Value-Added Distributors: Building and Mastering Your Distribution Business, now recognised as a #1 Best Seller on Amazon. The book delivers a powerful and practical framework for redefining distribution success in an increasingly complex and fast-evolving market. As distributors face mounting pressure from shrinking margins, rising operational complexity, and rapid technological disruption, this book introduces a trusted, structured business model designed to transform traditional high-volume, high-pace distribution operations into profitable, scalable, and sustainable enterprises. At its core, The 7…

NEW YORK — Former New York Mayor Rudy Giuliani is in critical but stable condition in a Florida hospital, his spokesperson said Sunday. It is unclear when Giuliani, 81, was taken to the hospital. “Mayor Giuliani is a fighter who has faced every challenge in his life with unwavering strength, and he’s fighting with that same level of strength as we speak,” Ted Goodman said, before asking “that you join us in prayer” for the former mayor. President Trump, in a post on Truth Social, called Giuliani a “True Warrior, and the Best Mayor in the History of New York…

YEREVAN — World leaders, including Canadian Prime Minister Mark Carney, British Prime Minister Sir Keir Starmer and French President Emmanuel Macron are arriving in Yerevan, Armenia, ahead of the 8th European Political Community (EPC) meeting. At a time of profound geopolitical transformation, leaders from nearly 50 countries, including all 27 members of the European Union, will meet on Monday to discuss important politics face-to-face, including the US-Iran tensions. Tuesday will then see the first ever bilateral EU-Armenia summit, attended by European Commission President Ursula von der Leyen and European Council President António Costa. The summit will be co-chaired by European…

[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The UAE’s private sector was told on Monday that investing at home is “no longer an option” but a national priority, as the largest edition of Make it in the Emirates opened with a call to strengthen economic sovereignty, local manufacturing and industrial resilience. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said investing in the UAE is an “investment in our stability, our economic sovereignty, and the future of generations…

ABU DHABI, 4th May, 2026 (WAM) — ADNOC Drilling Company announced today the completion of its transaction to acquire an 80 percent stake of MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) joint venture (JV) with MB Holding Company, with operations in Oman, Kuwait, Saudi Arabia, and Bahrain. The transaction was completed ahead of the original mid-year timeline, reflecting disciplined execution and alignment between the partners. Abdulla Ateya Al Messabi, ADNOC Drilling CEO and MBPS Chairman, said, “The completion of MBPS strengthens ADNOC Drilling’s long-term regional capability by adding established operating scale and deep field execution capability in…

From fragmented health data to predictive systems, the UAE is positioning itself at the forefront of a new biological intelligence economy Published: Mon 4 May 2026, 12:12 PM If the last two decades were defined by digital infrastructure, cloud computing, and data centres, the next may be defined by something less visible but far more consequential: biological intelligence. At its core is a simple reality. Human biology is the largest unstructured dataset on Earth. Every person continuously generates biological signals through their genes, immune system, metabolism, and environment. Yet modern healthcare captures only fragments of this data, often too late,…

OMODA & JAECOO has showcased its Ecosystem Pavilion at the Chery International Business Summit 2026 in Wuhu, China, presenting a bold vision for future mobility where technology, lifestyle, and user experience converge. Held under the theme “New Era, New Heights,” the Business Summit brought together global dealers, investors, partners, and media, with the Pavilion emerging as a key highlight. Spanning over 2,000 square meters, the Pavilion introduces an immersive, scenario-driven environment based on the “Ecosystem Tree” concept. The layout features a central product display extending into lifestyle zones, including outdoor living, pet-friendly travel, and automotive customization—reflecting the brand’s shift toward…