Author: dailyguardian.ae

Banks in the UAE will continue to achieve strong results during this year, supported by prevailing high interest rates despite an expected trend of reduction, rating agencies said. Dr. Mohamed Damak, a financial institution ratings analyst at S&P Global Ratings, said he expects three interest rate cuts this year, totalling 75 basis points in the second half of the year, followed by further cuts of 125 basis points in 2025. “When discussing asset quality, the picture remains strong, with a low level of non-performing loans and a coverage ratio of 100 per cent, which is more than adequate,” said Damak.…

As part of Sharjah’s participation as Guest of Honor at the Thessaloniki International Book Fair2024 Bodour Al Qasimi inaugurates the Greek edition of ‘Folktales Reimagined’ Athens (Greece), May 19, 2024 As part of Sharjah’s participation as a Guest of Honor at the Thessaloniki International Book Fair 2024 (TIBF) in Greece, Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Book Authority (SBA) and Founder and Patron of the UAE Board on Books for Young People (UAEBBY), inaugurated yesterday, Saturday, the Greek edition of the ‘Folktales Reimagined’ exhibition, at Thessaloniki Central Library, organized by UAEBBY in collaboration with the Greek Board…

SpaceX has launched and landed a first-stage Falcon 9 booster for a record 21st time. The record-breaking mission got underway from the Kennedy Space Center in Florida on Friday night and deployed 23 Starlink internet satellites into orbit. The first-stage booster supporting the mission previously launched GPS III Space Vehicle 04, GPS III Space Vehicle 05, Inspiration4, Ax-1, Nilesat 301, OneWeb Launch 17, ARABSAT BADR-8, and now 14 Starlink missions. The achievement highlights SpaceX’s groundbreaking flight system that allows it to reuse its first-stage Falcon 9 booster by landing it back on the ground — or sometimes on a barge…

A helicopter carrying Iranian President Ebrahim Raisi and his foreign minister crashed on Sunday as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters, and rescuers were struggling to reach the site of the incident. The official said the lives of Raisi and Foreign Minister Hossein Amirabdollahian were “at risk following the helicopter crash”, which happened on the way back from a visit to the border with Azerbaijan in Iran’s northwest. Stay up to date with the latest news. Follow KT on WhatsApp Channels. “We are still hopeful but information coming from the crash site is…

Kaizen AI Revolutionizes GCC Real Estate Industry with AI-Powered Profit Optimization crossing USD 5.4 Billion Groundbreaking AI-Powered Solutions Propel Kaizen AI to the Forefront of Real Estate Innovation, Transforming Large-Scale Building Projects Across the Middle East Date: Dubai, UAE, May 19, 2024 News Highlights: Profit Increase: Kaizen AI, an AI-based design optimization engine, achieves an average profit increase of 10.46% per project, with each project delivering an average increase of US$36 million in profits without compromising design integrity. Tangible Profits: Over 150 projects were successfully optimized, resulting in a cumulative profit increase of US$5.4 billion. Regional Expansion: Kaizen AI has…

Love crossword puzzles but don’t have all day to sit and solve a full-sized puzzle in your daily newspaper? That’s what The Mini is for! A bite-sized version of the New York Times’ well-known crossword puzzle, The Mini is a quick and easy way to test your crossword skills daily in a lot less time (the average puzzle takes most players just over a minute to solve). While The Mini is smaller and simpler than a normal crossword, it isn’t always easy. Tripping up on one clue can be the difference between a personal best completion time and an embarrassing…

The UAE can expect a fair to partly cloudy weather in general, and a slight decrease in temperature on Monday (May 20). The met noted that the coastal and internal areas will be humid by night and Tuesday morning. The residents in the area can also expect some chance of fog or mist. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The weather department noted temperature will reach up to 36ºC and 37ºC in Abu Dhabi and Dubai, respectively. Light to moderate winds, freshening at times, are expected to blow in the country, causing dust.…

The European Commission is activating satellite mapping service to aid search efforts after Iranian President Ebrahim Raisi’s helicopter crashed, following a request for assistance from Iran, the European commissioner for crisis management said. The European Commission’s Copernicus Emergency Management Service provides mapping products based on satellite imagery. Crisis management commissioner Janez Lenarcic said on X that the service was activating its “rapid response mapping service in view of the helicopter accident.” Stay up to date with the latest news. Follow KT on WhatsApp Channels.

The beginning of 2024 has been characterised by changing market expectations. Initially, the sentiment overall was largely pessimistic, as market players anticipated rate cuts. Since then, it has shifted unexpectedly towards becoming more optimistic, with many stock markets at or near all-time highs, research shows. Saxo Bank recently released the findings of its recent client survey, shedding light on investor expectations and sentiments on the financial markets for the second quarter of 2024. Amidst the backdrop of unpredictability in global financial markets, the response from investors mirrors concerns over market uncertainty. “Learning about investor expectations is vital for navigating through…

Strands is a brand new daily puzzle from the New York Times. A trickier take on the classic word search, you’ll need a keen eye to solve this puzzle. Like Wordle, Connections, and the Mini Crossword, Strands can be a bit difficult to solve some days. There’s no shame in needing a little help from time to time. If you’re stuck and need to know the answers to today’s Strands puzzle, check out the solved puzzle below. How to play Strands You start every Strands puzzle with the goal of finding the “theme words” hidden in the grid of letters.…