Author: dailyguardian.ae

Residents who opted to live in less densely populated and ‘emerging’ communities are saving on rent but are spending more time and money for transport. So, when the government announced the expansion of Dubai Metro – which is the backbone of the city’s public transport system – they welcomed the positive impact it will bring in their daily lives. Husameldin Elsayed, a Sudanese expat who lives in Dubai Silicon Oasis, told Khaleej Times: “The buses are good but it’s a circuitous ride, and commute time gets longer – especially in the afternoon – when entrances to the community get crowded.”…

The US Food and Drug Administration said on Tuesday it would revoke the regulation that authorised the use of brominated vegetable oil in food items, effective Aug. 2, as it was no longer safe. BVO is a chemical ingredient containing bromine, which is found in fire retardants. Small quantities of BVO are used legally in some citrus-flavored drinks in the United States to keep the flavour evenly distributed. The FDA said it had concluded that BVO was not safe for use after the results of studies, it conducted in collaboration with the National Institutes of Health, found the potential for…

SpaceX has revealed a target date for its highly anticipated Polaris Dawn mission: July 31. The spaceflight company made the announcement in a post on social media on Wednesday. The five-day Polaris Dawn mission will see four nonprofessional astronauts fly aboard a SpaceX Crew Dragon spacecraft to an orbit some 435 miles (700 kilometers) above Earth. This is about 185 miles (298 kilometers) above the International Station (ISS) and therefore way higher than any Crew Dragon has flown to date. While orbiting through portions of the Van Allen radiation belt, two Polaris Dawn crew members will participate in the first-ever…

Pakistani authorities began meeting those qualified to bid for the country’s national airline on Wednesday, to address concerns including a European Union Aviation Safety Agency (EASA) ban on the carrier, officials said. The privatisation of the loss-making state-owned enterprise has long been on the International Monetary Fund’s list of recommendations for Pakistan, which is seeking to strike a deal with the fund for a longer term bailout this month. Islamabad allowed six companies and consortiums in June to take part in bidding for between 51 per cent-100 per cent of Pakistan International Airlines as early as the end of next…

Lakshmi Narayanan, Chairman of the Sovereign Wealth Fund Institute (SWFI), has been awarded the title of Freeman of the City of London during the Global Wealth Conference (GWC) 2024. This honour recognizes Narayanan’s significant contributions to the financial sector and his efforts to foster international cooperation in wealth management. The Freedom of the City of London, one of the oldest surviving traditional ceremonies dating back to 1237, has been awarded to numerous notable figures throughout history. Narayanan’s recognition comes as a testament to his pioneering work with SWFI, which has become a leading platform for research, analysis, and networking in…

It’s tough to find markdowns on some of the highest reviewed TVs, to the point where we’re often scrounging for TV deals on last year’s models. But if you’re the kind of person who needs your hardware to belong to the current calendar year (we don’t blame you), we dug up a fantastic LG discount. As part of the brand’s 4th of July TV sales, you’ll be able to purchase the LG 77-inch C4 OLED for only $3,000. We say “only” because this TV usually costs $3,700, so you’ll be able to pocket $700. Put it toward a new soundbar…

A Saudi man was given a seven year prison sentence and a fine of one million riyals after he committed financial fraud worth 18 million riyals. Upon investigation, it was revealed that the accused had misled the victims into making financial investments through one of his fictitious companies and he would steal their funds through this method. After legal proceedings, the accused was found guilty of violating the Anti-Financial Fraud and Breach of Trust laws. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The accused would take advantage of his victims by using a similar…

Islamic finance, an industry known for its distinctive fusion of ethical principles and financial services, is witnessing a significant evolution, particularly in the realm of treasury and investment products. While traditional structures like Sukuk continue to dominate, successful innovation efforts have also focused on supporting sustainability initiatives and uplifting marginalized communities. However, the market is not without its challenges. The very principles that define Islamic finance also impose unique constraints, particularly in terms of liquidity management. Traditional Islamic financial instruments often lack the flexibility and immediacy offered by their conventional counterparts. This limitation poses a significant challenge, especially in a…

Are you ready to hum along with your favourite Bollywood playback singer as he belts out the cool choruses you know him for? Shaan is coming to Dubai, and he’ll be playing the Coca-Cola Arena on August 31. The musician is bringing his LIVE LOVE LAUGH Shaan Se set to the city, where he’ll sing a collection of timeless classics. Born Shantanu Mukherjee, singer, actor and TV personality Shaan has achieved great success in the music industry and is considered one of the most versatile singers in Indian cinema with many of his songs being an integral part of Bollywood.…

Coco Gauff did not look at her imperious best under the roof on Wimbledon’s Court One on Wednesday but she was always in control of an error-strewn second-round 6-2 6-1 victory over Romanian qualifier Anca Todoni. The US Open champion slipped and fell twice on the slick court and muttered to herself during the one hour six minute match against an opponent ranked 140 places below her. “I do think I could have played cleaner at some points but overall I’m happy to have got through to the third round,” Gauff said in an interview on court. Second seed Gauff,…