Author: Editorial Team

SHARJAH, 22nd July, 2026 (WAM) — United Arab Bank P.J.S.C. (UAB) reported its financial results for the six months ending 30th June 2026, earning a net profit of AED201 million. The results are underpinned by 13% year-on-year growth in total operating income, reflecting the Bank’s disciplined execution of its strategy, strong asset growth, and prudent risk management amid global market volatility and regional geopolitical uncertainty. Total assets stood at AED28 billion, up 16% year-on-year, supported by strong growth in loans, advances, and Islamic financing, which increased 14% to AED15.3 billion, while investments increased 25% to AED8.3 billion. Customer deposits rose…

SHARJAH, 22nd July, 2026 (WAM) — Reflecting its firm commitment to enhancing safety and security and improving the quality of policing services provided to the community, Sharjah Police announced the addition of 130 new security vehicles to its operational fleet. The move forms part of its strategic approach to sustained investment in developing its resources and operational capabilities, strengthening its field presence, enhancing the readiness of its security personnel, and ensuring rapid response to reports and security operations. It also contributes to providing greater reassurance and peace of mind while reinforcing an effective security presence across all areas and residential…

As families increasingly seek meaningful ways to spend time together, multi-generational travel continues to shape the way holidays are planned. This summer, Canopy by Hilton Seychelles Resort offers an idyllic island getaway for families to unwind, reconnect and make memories through shared experiences. Soak up sun-drenched afternoons by the beach, explore the wonders of Mahé together or simply settle into the gentle rhythms of island life. Set along the picturesque shores of Anse à la Mouche on Mahé’s south coast, the resort blends the warmth of island living with thoughtfully designed spaces that make family travel feel effortless. From spacious…

As fintech leaders, global payment networks, banks, and policymakers gathered at Money20/20 Europe 2026 -that was held in Amsterdam- to shape the future of financial services, Iraq had a different story to tell. While the conversation elsewhere centred on artificial intelligence, payments, and digital identity, Qi arrived with an Iraqi story that shows digital transformation is not built on technology alone; it is built on national infrastructure capable of connecting citizens, merchants, government, and the financial sector within a single digital ecosystem. This was more than attendance at a global conference. It was an opportunity to put Iraq on the…

RIYADH — The Oversight and Anti-Corruption Authority (Nazaha) announced Wednesday that it had initiated criminal proceedings in 15 corruption cases involving bribery, abuse of office, fraud, theft of public property and other financial and administrative offenses, with legal procedures continuing against those involved. Among the most significant cases, Nazaha arrested a Saudi businessman accused of offering SR1.6 million to a customs broker to facilitate the entry of two shipping containers carrying restricted tobacco products through Jeddah Islamic Port without paying approximately SR14 million in customs duties. A Ministry of Health employee in one of the Kingdom’s regions was detained for…

Konica Khandelwal. Appointment strengthens regional leadership as Kapture CX scales its Agentic AI platform across BFSI, Retail and Public Sector following its recent pre-Series B funding Dubai — Kapture CX, a global, verticalised full-stack Agentic AI platform for customer experience automation, today announced the appointment of Konica Khandelwal as Vice President – Middle East. Based in Dubai, she will lead the company’s regional growth strategy with a focus on accelerating agentic AI adoption. The appointment builds on Kapture CX’s recent funding and reflects the company’s continued focus on scaling its commercial operations across the GCC. In her new role, Konica…

WASHINGTON — US President Donald Trump has approved a proposed 30-year civilian nuclear cooperation agreement with Saudi Arabia, according to U.S. administration officials cited by The Wall Street Journal. The proposed agreement would establish a framework for U.S.-Saudi cooperation on a civilian nuclear program and could allow uranium enrichment in Saudi Arabia under specific conditions, including a joint U.S.-Saudi feasibility study. U.S. companies would play a central role in developing the Kingdom’s civilian nuclear infrastructure, according to the report. Separately, Reuters reported that the Trump administration is preparing to submit the proposed agreement, known as a 123 Agreement, to the…

Sharjah Police have apprehended a driver who was using a sunshade in the windshield of the car, which obstructed their field of vision, while driving. The police said that this act is not only traffic violation, but also endangers the lives of the driver and other road users. Obstructed vision limits the driver’s ability to monitor the road and respond to unexpected situations, increasing the likelihood of accidents. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Using any object or device that obstructs visibility while driving is classified as a serious traffic violation under Article…

SHARJAH, 22nd July, 2026 (WAM) — Alef Group, a premier real estate developer in Sharjah, has announced the successful sell-out of Phase One of Linar, a waterfront residential development in Al Mamzar, comprising Towers A, B and C. Following exceptionally strong demand that resulted in the complete sell-out of the first three towers, Alef Group has now released Towers D and E for sale, marking the next phase in the development’s residential offering. The robust sales performance of Linar’s first three towers underscore the sheer exclusivity of the project, which occupies one of the very last prime residential plots directly…

DUBAI, 22nd July, 2026 (WAM) — Dubai’s Roads and Transport Authority (RTA) won two international platinum awards at the 18th cycle of the Ideas Arabia International Award in recognition of its innovations in digital services for public buses. The achievement reflects RTA’s success in leveraging big data and artificial intelligence to develop public bus services and enhance operational efficiency. RTA won the platinum award in the Process Efficiency category for its project, “AI-Powered Data-Driven Intelligent Operational Efficiency Framework.” It also received another award in the Added Value to Product or Service category for its project, “Automation of Public Bus Service…