Author: Editorial Team
AJMAN, 29th April, 2026 (WAM) — Ajman Bank PJSC reported a strong first quarter on Wednesday, posting net profit before tax of AED 134 million and et profit after tax of AED 130 million, as total revenue rose 22% year-on-year to AED 443 million, reflecting growth across the Bank’s core financing, treasury and fee-generating businesses. Net revenue increased 12% to AED 222 million, while non-funded income reached AED 63 million – equivalent to 28% of net revenue – pointing to continued progress in the Bank’s effort to build a more diversified income base beyond financing margin, resulting. H.H. Sheikh Ammar…
A pharmaceutical breakthrough was unveiled by the Emirates Drug Establishment (EDE) on Thursday, April 23, with the announcement of the UAE’s first fully AI-discovered and developed drug candidate by a research team at Insilico Medicine in Masdar City, Abu Dhabi. The candidate, known as ISM0387, is a drug that targets an enzyme called PRMT5. It employs a method called “synthetic lethality” which enhances its selective activity against cancer cells while minimising its impact on healthy cells. The compound demonstrates promising potential in targeting solid tumours, particularly aggressive brain cancers, which are among the most treatment-resistant. Stay up to date with…
WASHINGTON — The US Senate on Tuesday blocked a Democratic-led resolution to prevent President Donald Trump from military action against Cuba without congressional approval. The Republican-led Senate voted 51 to 47, almost entirely along party lines, on a procedural measure that blocked a war powers resolution, as members of Trump’s party argued that there are no active US hostilities against Cuba. Republican Senator Rick Scott of Florida, who introduced the point of order that stopped the resolution, said a war powers vote was not appropriate because Trump has not deployed troops. Democratic Senator Tim Kaine of Virginia, a lead sponsor…
TRIPOLI — The Libyan Red Crescent has said that a patrol boat has recovered 17 bodies and rescued seven people during an operation to assist a stranded vessel off the North African coast. At least 17 migrants died and nine are missing after their boat broke down and drifted for eight days in the Mediterranean Sea, Libyan security sources said on Wednesday. The security sources said they expected the bodies of the nine missing migrants to wash ashore in the next few days. Pictures posted on the Internet by the Red Crescent showed the volunteers placing the bodies in black…
CMC Networks, Africa’s premier networking provider, has partnered with AVANT Communications, a leading IT decision-making platform and technology distributor, to support enterprises with connectivity across EMEA. The partnership provides AVANT’s global partner network of advisors and enterprises with streamlined access to CMC’s ecosystem of AI-powered network infrastructure and industry-leading customer support, with local operations in 64 MEA markets. AVANT’s enterprise customers can now leverage CMC’s extensive coverage across a pan-regional network, supported by Africa’s first AI-enabled core, to enhance service resiliency and simplify regional expansion. The partnership also empowers AVANT’s Trusted Advisors to provide enterprise connectivity across the region at speed…
RIYADH — Saudi Vision 2030 has entered its third and final phase in 2026, marking the last five-year stretch of the Kingdom’s flagship transformation strategy before 2030. After the first phase focused on building foundations and reforms, and the second phase centered on accelerating execution, Phase 3 is expected to be the peak delivery stage, turning years of planning, investment and institution-building into broader economic and social outcomes. Here is what Phase 3 is set to focus on: 1. Faster execution of national programs Saudi officials say the tools of transformation have reached their highest level of readiness, meaning ministries,…
NEW YORK — Saudi Arabia stressed the need for full implementation of the Treaty on the Non-Proliferation of Nuclear Weapons, while calling for a ceasefire in Gaza and renewed efforts toward establishing a Palestinian state based on the 1967 borders. The remarks were delivered by Saudi Permanent Representative to the United Nations Dr. Abdulaziz Al-Wasel during the 11th Review Conference of the treaty, as well as in broader UN discussions on regional developments. Al-Wasel said the treaty remains a cornerstone of the global non-proliferation regime, stressing the importance of maintaining balance among its three pillars: disarmament, non-proliferation, and the peaceful…
Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, stated that the launch of a National Programme to Strengthen Supply Chain Resilience underscores the UAE’s commitment to bolstering economic security, ensuring the sustainable flow of vital commodities, and reinforcing the nation’s readiness to address global geopolitical and economic shifts. In statements to the Emirates News Agency (WAM), the minister noted that the programme was developed and tested during the period of Iran’s egregious attacks on the UAE and several regional countries, aiming to enhance the UAE’s capacity to manage challenges and disruptions affecting global supply chains. He explained that…
ABU DHABI, 29th April, 2026 (WAM) — Abu Dhabi Islamic Bank (ADIB) sustained its positive momentum in Q1 2026, delivering strong financial performance across the group. According to financial results, the bank recorded a year‑on‑year increase of 8%, with net profit before tax reaching AED 2.1 billion in the first quarter, up 2.3% compared to the previous quarter. The earnings growth reflects healthy balance sheet expansion and continued customer acquisition across key segments, with 66,000 new customers acquired during the period. Net profit after tax for Q1 2026 stood at AED 1.8 billion, representing an increase of 7% compared to…
For many children, toys are more than playthings; they are often the first windows to the world around them. That is why the arrival of Barbie’s first autistic doll in the UAE has been welcomed by families who say representation in everyday play can help children feel seen, understood, and included. Barbie has introduced its first autistic doll in the UAE during World Autism Month, describing it as part of wider efforts to expand inclusivity through play. Developed in partnership with the Autistic Self Advocacy Network, the doll includes features and accessories designed to reflect some autistic experiences. These include…