Dubai Islamic Bank Surpasses USD 100 Billion in Assets with Strong H1/25 Performance

Dubai: Dubai Islamic Bank (DIB) showcased another robust performance in the first half of 2025, with operating revenue of AED 6.4 billion, driving a 16% YoY increase in pre-tax profit to AED 4.3 billion. Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned another historic milestone as the balance sheet surpassed the … Read more

Hainan Commercial Spaceport Sets New Record with Back-to-Back Launches

Hainan: China’s first commercial spaceport, the Hainan International Commercial Aerospace Launch Centre, recently completed two successful launches in just five days. The latest carrier rocket, the Long March-12, took off from the launch site’s No.2 pad and placed the seventh group of low-orbit internet satellites into preset orbit on Monday evening. Prior to that, the … Read more

2.0 Magnitude Earthquake Recorded in Khor Fakkan

Khor fakkan: A 2.0 magnitude earthquake was recorded in Khor Fakkan at 20:35 (UAE time) on Tuesday, 5th August 2025. According to Emirates News Agency, the National Seismic Network of the National Centre of Meteorology (NCM) confirmed the occurrence of the earthquake. The NCM is responsible for monitoring seismic activities in the region and providing … Read more

Abu Dhabi World Grappling Championship 2025 Concludes with High International Participation

Abu dhabi: The inaugural Abu Dhabi World Grappling Championship 2025 has concluded its three-day schedule at ADNEC Centre Al Ain with outstanding success. Organised by International Vision Sports Management (IVSM) under the banner of Abu Dhabi Jiu-Jitsu Pro (AJP), the event brought together more than 1000 athletes from over 60 countries to the Al Ain … Read more

94 Martyrs and 439 Wounded in Gaza Within 24 Hours

Gaza: Palestinian medical sources reported Monday that hospitals in the Gaza Strip received the bodies of 94 martyrs and 439 wounded individuals in the past 24 hours, including 29 aid-related victims, bringing the total number of aid martyrs to 1,516 and that of injuries to 10,067. According to Emirates News Agency, medical sources confirmed that … Read more

Storm Floris Causes Power Cuts, Travel Disruption in UK

London: Powerful winds of over 100mph from Storm Floris have caused significant travel disruption, power outages, and the widespread cancellation of events across much of the UK. Central and northern Scotland bore the brunt of the severe weather on Monday, facing conditions more typical of a turbulent winter’s day. According to Emirates News Agency, the … Read more

UN Human Rights Chief Condemns Starvation in Gaza as ‘Affront to Our Collective Humanity’

Abu dhabi: The United Nations High Commissioner for Human Rights, Volker Trk, on Monday condemned the ongoing starvation in the Gaza Strip, describing it as ‘an affront to our collective humanity.’ According to Emirates News Agency, in a strongly worded statement, Trk reiterated his deep concern over the dire humanitarian situation, including the starvation of … Read more

Korea’s Foreign Reserves Increase for Second Month in July

Seoul: The Republic of Korea’s foreign reserves rose for the second consecutive month in July, led by increased investment returns and new issuance of foreign exchange stabilization bonds, the central bank said Tuesday. The country’s foreign reserves stood at US$411.33 billion as of the end of July, up $1.13 billion from a month earlier, according … Read more