Author: Editorial Team
SEOUL, 3rd September, 2026 (WAM) — The Republic of Korea’s foreign reserves rose by the largest amount in August due to an increase in dollar-denominated assets, the central bank said Thursday. The country’s foreign reserves stood at US$442.28 billion as of the end of August, up $14.33 billion from a month earlier, Yonhap News Agency reported, citing data from the Bank of Korea (BOK). The on-month gain marked the largest increase since the BOK began compiling the data in 1971, while the balance marked the highest level since May 2022, when it stood at $447.71 billion. The BOK attributed the…
From the moment we wake up until we go to sleep, our days are filled with tasks and responsibilities. In between, we all have common routines that can add several ‘ugghh’ moments to an already hectic life, and who wants that? We cannot solve all of them at once, but we can certainly help you avoid some. Here are some tried-and-tested products that have turned some of those daily activities into a walk in the park instead of an obstacle course — and that we hope will make your life easier. Source: Khaleej Times
MADRID — Tens of thousands of people took to the streets in cities across Spain on Wednesday to protest the ongoing border crisis in Ceuta and criticize Prime Minister Pedro Sanchez’s left-wing government over its handling of the influx of migrants to the Spanish exclave on the north African coast. The protests coincided with Ceuta’s annual official holiday, which is normally marked with celebrations. But this year, the holiday took place against the backdrop of Spain’s ongoing border chaos. Spanish opposition parties accuse Sánchez of abandoning the residents of Ceuta, while the government says right-wing parties are exploiting the crisis.…
TP-Link Systems Inc., a global provider of consumer networking and smart home products, recently announced that its next-generation Wi-Fi 8 lineup, led by the Archer 8 Ultra router and Deco 8 Ultra mesh Wi-Fi system, is expected to be available in the UAE in Dec 2026, following its global reveal at IFA 2026 in Berlin, Germany. Built on the upcoming IEEE 802.11bn standard, the lineup combines next-generation Wi-Fi technology with TP-Link’s proprietary hardware and software to deliver a new level of reliable home connectivity. As connected homes continue to evolve in the UAE, consumers increasingly rely on their home networks…
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
WASHINGTON — US President Donald Trump on Wednesday suggested renaming the Strait of Hormuz as “Trump Strait”, even as fighting raged with Iran over control of the crucial waterway It is the latest in a series of geographical name changes floated by Trump, and comes after he claimed US sovereignty over the strait that Tehran effectively shut six months ago. “Now that we have it under USA control, should we change the name Hormuz Strait to TRUMP STRAIT??? Like America itself, it would be ‘hotter’ than ever before!” Trump said on his Truth Social network. Just a week ago, Trump…
Ante Mihovilovic, Vice President and Head of Networks, Europe, Middle East and Africa, Ericsson. Ante Mihovilovic, Vice President and Head of Networks, Europe, Middle East and Africa, Ericsson, spoke to Tahawultech.com at LEAP 2026 about Saudi Arabia’s rapid digital transformation, the evolution of 5G, AI-powered network automation, cloud-native telecom infrastructure and the technologies shaping the next phase of connectivity. Saudi Arabia’s rapid digital transformation is strengthening its position as an emerging global technology hub, driven by Vision 2030, growing international investment and an expanding technology ecosystem. Global companies are establishing and strengthening their presence in the Kingdom, attracted by its talent,…
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…
King Salman Park Foundation (KSPF) and Huawei Tech Investment Saudi Arabia Co. Ltd. have signed a Memorandum of Understanding (MoU) at LEAP 2026, establishing a framework for strategic cooperation focused on advancing the Park’s smart-city capabilities, AI enablement and technology innovation. The cooperation supports King Salman Park’s ambition to create an intelligent, engaging and continuously evolving urban destination in the heart of Riyadh, where technology serves as an enabler for exceptional experiences for visitors, residents and employees, while supporting smarter, more efficient and sustainable operations. Aligned with the ambitions of Saudi Vision 2030, the two-year MoU provides a framework through which KSPF and Huawei…
JEDDAH — Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman offered condolences to French President Emmanuel Macron on the death of former Prime Minister Édouard Balladur. In separate cables sent to Macron, the King and the Crown Prince conveyed their deepest condolences and sincere sympathy to the French president, as well as to the family of the deceased, and the friendly people of France. Balladur, who died on Monday, was a French neo-Gaullist politician. He served as prime minister of France from 1993 to 1995. Source: Saudi Gazette