Author: Editorial Team
WASHINGTON — US President Donald Trump has threatened to expand US strikes on Iran next week to target power plants and bridges if Tehran does not return to talks amid a continuing dispute over the Strait of Hormuz. “Next week it gets really bad for them because next week comes the power plants. Next week comes the bridges,” the US president said on Tuesday. “We’re going to knock out all their power plants. We’re going to knock out all their bridges unless they get to the table and negotiate.” The comments, made in a Fox News interview, aired as the…
Among millions of people passing by a dirty signboard on one of Dubai’s busiest roads, it took just one resident to make a change. It was on June 2 that Tanweer Ahmed — an Indian expat — spotted the Metro station signage, and decided to not look away. During his daily commute from his home in Abu Hail to his office in Al Quoz, the multimedia designer who uses a company bus, saw the World Trade Centre board beaten up by the harsh summer weather and dust. In a concern for the city’s residents who pass through the crucial station…
HONG KONG, 15th July, 2026 (WAM) — The dollar extended its weakness on Wednesday after tumbling from a two-week high. Against the yen, the dollar fetched 162.08, down 0.1 percent. The euro and the British pound each gained 0.1 percent, trading at $1.1433 and $1.3401, respectively. The New Zealand dollar was also well bid at $0.5819, hovering around its strongest level in a month, while the Australian dollar was steady at $0.6983. The US dollar index, which measures the currency against a basket of six peers, was a shade weaker at 100.81. It fell 0.35 percent in the previous session…
WASHINGTON, 15th July, 2026 (WAM) — OpenAI’s much-anticipated push into consumer devices is slated to begin with a mobile, screen-free smart speaker designed to be a new type of home computer for the AI era, Bloomberg reported, citing sources. The product — still under development — is meant to serve as a humanlike AI companion that lives in the home. It will help control smart-home appliances, play media, answer questions, respond to messages and tap into the range of capabilities offered by OpenAI’s ChatGPT. Source: Emirates News Agency
DUBAI — The United States and Iran launched attacks on each other’s interests in the Arabian Gulf on the fourth consecutive night as Washington reimposed its naval blockade of Iranian ports. Attacks have also been reported in Kuwait, Bahrain and Jordan as Tehran said it was targeting US assets in the region. The US military early Wednesday resumed a blockade on Iranian ports over Tehran’s attacks on ships trying to pass through the Strait of Hormuz, the US military’s Central Command said on Wednesday. The US first imposed the blockade in mid-April and then lifted it in mid-June, a day…
MADRID — Saudi Interior Minister Prince Abdulaziz bin Saud bin Naif and Spanish Interior Minister Fernando Grande-Marlaska signed a comprehensive training agreement on Tuesday aimed at strengthening security cooperation, capacity building, and the exchange of expertise between the two countries. The agreement was signed following official talks in Madrid, where the two ministers reviewed Saudi-Spanish relations and discussed ways to enhance coordination between their interior ministries. At the start of the meeting, Prince Abdulaziz said the directives of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman emphasize strengthening security cooperation with…
Abu Dhabi tenants could soon have the option of paying their annual rent in monthly instalments instead of writing one or more post-dated cheques, as a new digital payment platform backed by the emirate’s real estate authorities moves closer to launch. Advanced Real Estate Services (ADRES), which is partnering with UAE PropTech company Keyper, said pilot deployments have already begun with three of Abu Dhabi’s largest landlords and property managers, with the first tenants and landlords expected to be onboarded in the fourth quarter of 2026. The company said the Rent Now, Pay Monthly (RNPM) service has the support of Abu…
DUBAI, 14th July, 2026 (WAM) — Nasdaq Dubai today welcomed the listing of a US$300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities transaction. The US$300 Million Additional Tier 1 Perpetual Non-Call 5.5-year Sukuk was structured under a Mudaraba arrangement and carried a profit rate of 6.50 percent. The Additional Tier 1 Perpetual Sukuk supports Ajman Bank’s strategy by strengthening its regulatory capital base and diversifying its funding sources. It builds on the Bank’s inaugural senior Sukuk issuance last year, reflecting its continued engagement with the capital markets. The transaction attracted…
BRUSSELS — Saudi Arabia reaffirmed its unwavering political, economic and diplomatic support for the Palestinian government. The Kingdom stressed its commitment to working with regional and international partners to achieve a just, comprehensive and lasting peace based on the establishment of an independent Palestinian state along the 1967 borders with East Jerusalem as its capital. Representing the Kingdom at the second meeting of the Palestine Donors Group in Brussels, Dr. Manal Radwan, Minister Plenipotentiary at the Ministry of Foreign Affairs, said the humanitarian situation in Gaza remains critical nine months after the ceasefire, citing continued Israeli military control over nearly…
ARLINGTON — Spain booked its place in the World Cup final for the first time since lifting the trophy in 2010 after defeating France 2-0 in Tuesday’s semifinal. Mikel Oyarzabal converted a first-half penalty before Pedro Porro sealed victory as Spain extended its dominance over France in major tournaments and secured a place in Sunday’s final at MetLife Stadium. La Roja will face either defending champion Argentina or England, who meet in Wednesday’s second semifinal in Atlanta. “We gave it our all just to reach the final,” Porro said. “We knew we’re a very tough team and we’re doing things…