Author: UAE Gazette

Severe flooding caused by heavy monsoon rains has led to significant river overflows in eastern provinces on Monday, resulting in widespread inundation of villages in Pakistan and displacing thousands. The Emirates News Agency confirmed that persistent downpours submerged farmland and transformed rural areas into large waterlogged expanses across Punjab province. Emergency teams and volunteers on the ground used small motorboats to evacuate families trapped in flooded zones, although many residents remain stranded in affected districts. Officials reported that rising floodwaters severed main transportation routes, leaving dozens of agricultural communities completely cut off from municipal relief services.

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region, today announced its industry leading performance, driven by continued global confidence in Dubai as a destination for finance, business and innovation. The number of DIFC active registered companies rose to 10,018 at the end of the first half of 2026, having attracted 2,318 new active registered companies representing organic growth of 30 per cent over the past 12 months. Regulated financial services firms grew to 1,134, an increase of 16 per cent, reinforcing DIFC’s position as the largest and most diversified financial services ecosystem operating at scale across all sectors in the Middle East, Africa and South Asia.

AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, has further enhanced its Non-Resident Indian (NRI) deposit offerings by revising interest rates on both Foreign Currency Non-Resident [FCNR(B)] Deposits and Non-Resident External (NRE) Fixed Deposits, effective 27th July 2026. The Bank has increased the peak interest rate on FCNR(B) Deposits from 7.10% p.a. to 7.40% p.a. for the 3 to 4-year tenure, while the peak rate on NRE Fixed Deposits has been revised from 7.00% p.a. to 7.60% p.a. for the 36 Months 1 Day to 45 Months tenure. Interest on FCNR (B) deposits is paid out semi-annually.

WASHINGTON, / RankWire.AI / – On Monday, ethics watchdogs and legal specialists urged Congress to implement rigorous anti-corruption measures in upcoming cryptocurrency legislation, emphasizing that lawmakers must address the crypto conflict of interest loopholes or consider eliminating the CLARITY Act altogether. In a joint statement, the bipartisan advocacy group Democracy Defenders Action and the civil society organization Transparency International U.S. criticized the ethics provisions included in the Digital Asset Market Clarity Act. They argued that the current legal framework fails to safeguard the integrity of the digital asset marketplace, protect American consumers, or prevent public officials from self-dealing, thereby threatening the national economy. Legal analysts from both oversight groups pointed out that the ethics language proposed in the Senate draft was narrowly focused and created significant statutory exemptions. The advocacy organizations noted that the draft would grandfather existing cryptocurrency holdings and financial arrangements while lacking strong enforcement provisions. They contended that the legislative language effectively shields pre-existing commercial ventures from federal oversight. To achieve meaningful reform, the watchdogs called for a comprehensive ban that prevents all covered government officials from holding direct financial stakes, engaging in digital asset trading, or earning revenue through pre-existing licensing and profit-sharing agreements. The coalition advocating for reform outlined essential policy measures needed to prevent public officials from exploiting federal oversight of digital assets for personal financial benefit. The proposed ethics standards stipulate that officials and their immediate family members—including spouses and dependent children—must divest from all digital asset holdings outside diversified registered investment funds. Additionally, the groups

Lassa Tyres brought together its international distributors in Cologne to reinforce global synergy and showcase its fully renewed winter and multi season line-up. With the introduction of four new winter and one all-season tyres, Lassa Tyres has completed a comprehensive renewal of its winter tyre range in all segments. The new portfolio aims to address evolving customer expectations across international markets while strengthening the brand’s position in key winter tyre segments.

CFD trading platform Mitrade has renewed its partnership with the Argentine Football Association (AFA), home to the three-time FIFA World Cup champions. As the 2026 tournament captured attention across the Middle East, the renewal reflects Mitrade’s connection with its user community. The tournament has driven demand for home entertainment as fans follow the matches, according to Economy Middle East. The region is one of the world’s youngest and most digitally connected, making it a natural market for Mitrade.

XCMG’s XCR90 rough-terrain crane has won the ‘Rough Terrain Crane of the Year’ title at the 2026 CMME Awards, one of the Middle East’s most influential industry honours. The XCR90 earned the award for delivering dependable performance in some of the industry’s most demanding operating conditions, showcasing durability, extreme-condition capability, and energy efficiency. This award confirms XCMG’s position as a technology leader in the hoisting sector, setting new benchmarks for how rough-terrain cranes should perform.

“This agreement marks an important milestone in Waaree Renewable Technologies Limited’s international expansion strategy. Entering the ANZ market through this proposed landmark project in New Zealand reflects our confidence in the region’s renewable energy potential and our ability to execute large-scale, technologically advanced clean energy projects. We are pleased to collaborate with experienced local partners and look forward to delivering a project that supports New Zealand’s clean energy ambitions while strengthening WRTL’s global footprint.”

Presented as a month-long curated design experience, the showcase reimagined the four ColourNext 2026 directions, IRL, Pastoral, Solarpunk and Daydream, through a carefully selected collection of furniture, objects and material expressions from Nilaya Anthology’s enviable roster of designers and makers. Moving beyond traditional trend forecasting, it invited visitors to experience Colour through stories, emotions and material explorations.

The fifth edition’s theme, The Capital Community, Powered by Partnerships’, will explore the strength and resilience of a networked community, as global financial institutions, sovereign partners, and bold innovators convene to track evolving distribution of global capital systems.Building on record participation in 2025, ADFW will return to Al Maryah Island with an expanded site and enhanced networking experiences. ABU DHABI, UAE, July 27, 2026 /PRNewswire/ — Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW), the region’s largest financial gathering, the flagship…