The Reserve Bank of India held its policy rate steady on Friday and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows in the wake of the Iran warThe measures include scrapping capital gains tax for foreign holders of government bonds, sweetening dollar deposit schemes for non-resident Indians, and subsidising hedging costs for offshore borrowing.The RBI’s rate panel voted unanimously to keep the policy repo rate unchanged at 5.25 per cent, a decision predicted by nearly 80 per cent of 56 economists polled by Reuters.Stay up…
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دبي في 5 يونيو/ وام/ تواصل هيئة كهرباء ومياه دبي ترسيخ دورها في دعم الجهود المحلية والعالمية لحماية البيئة، من خلال منظومة متكاملة من المشاريع والمبادرات التي تسهم في خفض الانبعاثات الكربونية، ورفع كفاءة استخدام الموارد، وتسريع التحول نحو الطاقة النظيفة والاقتصاد الأخضر، انسجاماً مع رؤية القيادة الرشيدة وجهود دولة الإمارات في العمل المناخي.تأتي هذه الجهود بالتزامن مع الاحتفاء بـ “اليوم العالمي للبيئة”، الذي يوافق 5 يونيو من كل عام، وينظم هذا العام تحت شعار “العمل للمناخ اليوم”، والذي يؤكد أن حماية البيئة تمثل ضرورة إستراتيجية ترتبط ارتباطاً وثيقاً بمستقبل التنمية، وجودة الحياة، إضافة إلى الحفاظ على الموارد الطبيعية للأجيال…
Over the past decade, Middle East countries have sought to emerge as global innovation hubs, with governments across the region making unprecedented tech investments as part of wider economic diversification agendas. To cite just two examples: Saudi Arabia’s announcement of $14.9 billion in technology and AI investments at LEAP 2025 complemented a broader $100 billion AI initiative under Project Transcendence, and the UAE is home to the $15.2 billion Microsoft-backed AI and cloud build-out. The result is a large and expanding market. Digital transformation in the Middle East was valued at approximately $145 billion in 2024, with AI representing more than $40 billion of that total. It is projected to expand more than sixfold…
ABU DHABI, 5th June, 2026 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Frederik X of Denmark on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, sent similar messages to the King of Denmark and to the Prime Minister Mette Frederiksen on the occasion. Source: Emirates News Agency
Play971, the UAE’s first licensed sports wagering and iGaming platform, has launched access for UAE-based football fans to legally place wagers on upcoming international football matches.The platform, regulated by the General Commercial Gaming Regulatory Authority, is open to players aged 21 and above and is accessible through mobile and desktop browsers.Operated by Coin Technology Projects LLC, Play971 offers sports wagering across international fixtures from major sports and leagues, as well as regional and local events, including UAE football and horse racing.Stay up to date with the latest news. Follow KT on WhatsApp Channels.The platform also includes casino-style games and live…
WASHINGTON — The US House of Representatives passed a resolution on Wednesday directing President Donald Trump to withdraw American forces from the conflict with Iran or win approval from Congress to continue the war, after four Republicans sided with Democrats in a striking sign of growing opposition to a military campaign now in its fourth month.The House vote is a significant rebuke to the US president and his handling of the war.Democrats have repeatedly forced votes to limit Trump’s war powers in both the House and the Senate but the campaign has gradually picked up more Republican support in recent…
MUMBAI — In a significant turnaround, a major Indian film workers’ union has withdrawn its directive issued just nine days ago to its members asking them not to work with Bollywood actor Ranveer Singh after his alleged abrupt exit from an upcoming film.The Federation of Western India Cine Employees (FWICE) issued the informal ban on May 25 after the producers of Don 3 complained that Singh had quit the film just weeks before filming was set to begin.The boycott withdrawal comes after Singh reportedly sent a legal notice to the federation.Announced in 2023, Farhan Akhtar’s Don 3 was billed as…
مباشر- أظهر تقرير حديث صادر عن شركة “نورث وسترن ميوتشوال” لإدارة الثروات، أن ما يقرب من نصف الأمريكيين يعتمدون على آبائهم للحصول على الدعم المالي وتأمين متطلبات المعيشة، جراء الضغوط التضخمية المستمرة وتقلبات أسواق رأس المال التي أدت إلى إجهاد الموارد المالية والمستودعات الائتمانية للأسر.وأفادت المؤشرات الرقمية للتقرير بأن 42% من الأمريكيين يعتمدون مالياً على والديهم لتمويل جزء كبير من نمط حياتهم اليومي، في حين يعتقد 20% منهم أنهم لن يتمكنوا من تحقيق الاستقلال المالي أبدًا، وهو توجه يسري على مختلف الأجيال بغض النظر عن تباين الفئات العمرية أو طبيعة المراحل المهنية ببيئة ممارسة الأعمال.ويثير هذا الاعتماد المالي قلقاً بالغاً…
WORLD CAPITALS, 5th June, 2026 (WAM) — The US dollar was little changed on Friday but remained on track for a weekly gain, while the Japanese yen is testing the 160-per-dollar level.The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 99.434, on track for a 0.5 percent gain for the week.Meanwhile, the yen weakened to the critical 160-per-dollar mark briefly in early trades, hitting the level for the third straight.The euro stood at $1.1612, up 0.02 percent so far in Asia, and sterling was steady at $1.34228.…
ABU DHABI, 5th June, 2026 (WAM) — Emirates Water and Electricity Company (EWEC) marked World Environment Day 2026 by highlighting its efforts to advance climate action and support biodiversity conservation as part of the UAE’s sustainability agenda.Led by the United Nations Environment Programme (UNEP), World Environment Day 2026 is held under the theme, ‘NowForClimate’. It serves as a global call to address the pressing challenges of climate change and biodiversity loss.This integrated approach aligns directly with EWEC’s mandate to accelerate the UAE’s transition to a decarbonised and sustainable future. The environmental impact of EWEC’s strategic roadmap is highly measurable.By spearheading…