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  • AD Ports Group Announces Formation of UAE’s First Shipbuilders Consortium

    Unified platform to align national shipbuilding capabilities to drive maritime innovation and growth

    Abu Dhabi, UAE – 15 May 2026: AD Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport, industry, and logistics solutions, has announced the formation of the Consortium of UAE Shipbuilders, a unified platform across shipbuilding, vessel repair, fabrication, and marine engineering.

    The Consortium brings together an initial group of national industry players spanning shipbuilding, steel production, marine engineering, and fabrication, including AD Ports Group, SAFEEN Drydocks, Premier Marine Engineering Services, Dubai Shipbuilding & Engineering (DSBE), Al Seer Marine, Dutch Oriental, JOME Engineering, Saifee, Blue Gulf Ship Builders, and MBK Marine Industries, among others.

    AD Ports Group Announces Formation of UAE’s First Shipbuilders Consortium

    The Consortium will enhance collaboration and strengthen the UAE’s position within the maritime industrial sector. It will improve visibility across project pipelines, enable more efficient procurement, and support coordinated execution, increasing delivery capability and overall sector competitiveness across the full maritime value chain, including increased participation by locally based small and medium-sized shipyards.

    Led by Noatum Maritime, part of the Group’s Maritime & Shipping Cluster, the initiative is designed to strengthen coordination across the domestic maritime sector and provide opportunities for small and medium-sized companies to access larger and more complex projects in both local and international markets. 

    Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “The establishment of the UAE’s first Shipbuilders Consortium reflects our commitment to advancing the nation’s industrial capabilities, in line with the vision of our wise leadership in the UAE and broader economic diversification objectives. By strengthening alignment across the sector, we are enabling greater scale, enhancing competitiveness, and positioning the UAE to play a more prominent role in global maritime trade and manufacturing. Through our maritime division, we are helping to shape a more connected and competitive national shipbuilding ecosystem.”

    Noatum Maritime delivers shipbuilding and repair capabilities in the UAE through SAFEEN Drydocks, a joint venture with Premier Marine Engineering Services. Internationally, SAFEEN Drydocks has expanded its shipbuilding footprint by acquiring the Balenciaga Shipyard in Spain, further strengthening its ability to support complex vessel construction and fabrication projects across global markets.

    As the lead entity, Noatum Maritime is well-positioned to define the governance and commercial framework for the Consortium, ensuring alignment with the UAE’s strategic goals for industrial growth and economic diversification.

  • Contrivian Appoints Ilex Content Strategies to Support International Growth Through Strategic Communications

    The mission-critical connectivity specialist selects Ilex to deliver global communications that drives sales and accelerates market needs 
     
    London, UK, 15th May 2026 – Contrivian,  a technology company providing intelligent mission-critical connectivity, has appointed Ilex Content Strategies as its public relations agency of record. Ilex will deliver strategic communications designed to support international sales and strengthen Contrivian’s position across markets.
     
    Contrivian serves governments, emergency responders, energy operators, mining and enterprises operating in remote environments where connectivity must remain stable, secure and predictable. Contrivian enables organisations to modernise connectivity without adding complexity or disruption, ensuring all organisations are connected without failure, everywhere. 
    Together, Contrivian and Ilex will work to elevate the company’s international profile through targeted media engagement, thought leadership and strategic communications that reinforce Contrivian as a trusted provider of resilient connectivity. The partnership will support Contrivian’s growth, increasing visibility, strengthening market awareness and showcasing its commitment to delivering dependable connectivity in the most demanding remote environments. 
     
    “While we have worked with communications agencies in the past, we have never experienced the depth of industry knowledge and expertise that we have with Ilex. They get what we do as a business and I trust that they will support our objectives with strategic media relations that have already generated leads for us,” said Grant Kirkwood, CEO at Contrivian. “It’s rare to find a partner that can deliver value from day one without the need to explain and educate them on the business. That has been a clear differentiator. While we can focus on connectivity, we know our customers are kept in the loop of our news through Ilex’s global reputation and efficiency.”
     
    Ilex will work closely with the team at Juniper Digital and fractional Chief Marketing Officer, Matthew Ray, to deliver international media relations and strategic consultancy aligned to sales objectives. Using its Borderless PR model, Ilex will ensure consistent messaging and efficient global reach across key markets, without the complexity of managing multiple local agencies.
     
    “Contrivian has strong leadership and clear ambitions for growth. Our focus is on turning that into market momentum, ensuring the right audiences understand who they are, what they stand for and why it matters,” said Matthew Whalley, Managing Director & Co-Founder at Ilex Content Strategies. “When that’s done well, it directly supports sales and accelerates growth. We’re looking forward to working closely with the team to make that happen.”
     
    Founded in 2012, Ilex Content Strategies works with telecoms, cloud, cybersecurity, data centre and digital infrastructure organisations at key moments of growth, repositioning and market expansion. Its approach combines deep industry expertise with strategic communications to build visibility, shape positioning and deliver measurable commercial impact.

  • Miraval The Red Sea Debuts its First Resort Outside the US on Shura Island in Saudi

    Miraval The Red Sea Debuts its First Resort Outside the US on Shura Island in Saudi

     

    India, May 15: Saudi welcomes Miraval The Red Sea today on Shura Island, marking the wellness brand’s first property outside the United States. The opening represents a significant milestone for Saudi’s growing luxury and wellness tourism offering, while further reinforcing The Red Sea’s positioning as a leading regenerative destination focused on immersive, experience-led travel.

    The adults-only retreat features 180 rooms, suites, and villas designed around mindfulness, movement, nutrition, and rest, offering guests personalised wellness experiences within a nature-led setting on the shores of the Red Sea. The resort combines luxury hospitality with wellbeing-focused programming, including the Body Mindfulness Center, Life in Balance Culinary Kitchen, Serenity and Aquatic Centers, spa facilities, mindfulness workshops, movement experiences, and water-based activities. The property also operates as a digital device-free environment designed to encourage presence, restoration, and self-discovery.

    The opening reflects Saudi’s continued expansion into high-value tourism segments and growing international confidence in the destination’s luxury and wellness offering. It also comes amid strong tourism momentum across the Kingdom, with occupancy at The Red Sea destination reaching 82% during the final 10 days of Ramadan, ahead of an expected increase in demand during Eid Al-Adha.

    Located at the heart of The Red Sea destination, Miraval The Red Sea is accessible via Red Sea International Airport (RSI), followed by a 25–30-minute EV transfer. Additional flights have been added to RSI for the upcoming Eid period, alongside a curated programme of dining, entertainment and cultural experiences for guests staying at the destination.

    Miraval The Red Sea also supports Saudi’s broader tourism diversification strategy by strengthening the destination’s appeal among luxury and wellness travellers seeking transformative, nature-driven experiences.

  • Real Estate Divyansh Group Achieves Delivery of 5.7 Million Sq Ft Residential Space Across Delhi NCR

    New Delhi, 15 May : Divyansh Group, a prominent real estate developer in the Delhi-NCR region, today announced the successful delivery of over 5.7 million square feet of residential development across Ghaziabad, Noida, and other NCR micro-markets. Since its inception in 2001, the company has consistently catered to mid and upper-mid-income homebuyers by delivering thoughtfully designed and quality homes.

    Over the past 25 years, Divyansh Group has established a strong presence by successfully completing numerous residential projects and builder floors. Its portfolio includes developments such as Divyansh Onyx, Divyansh Flora, Divyansh Fabio, Divyansh Arc Angels, Ska Divya Tower, and Skardi Greens. Each project represents the company’s dedication to timely delivery, quality construction, and homes that meet the evolving needs of modern families. 

    Commenting on the success, Mr. Chanderjeet Pathak, Chairman of Divyansh Group said, 

    “True success is not just about the scale of projects but delivering them with integrity and quality. My career began on construction sites, which gave me hands-on experience that continues to guide our approach. We prioritize realistic timelines, maintain high construction standards, and consistently honour our commitments to buyers. As we enter a new phase of growth amid a competitive market, our focus remains on building homes that stand the test of time.”

    Currently, Divyansh Group has approximately 4.4 million square feet of residential development underway, which includes ongoing projects such as Divyansh Green Heights and Divyansh Orion Homes, along with upcoming developments in Siddharth Vihar, Hapur, and Wave City. This pipeline reflects the company’s continued focus on expanding its presence while delivering well-planned residential communities.

    Looking ahead, Divyansh Group aims to deliver more than 2,200 homes over the next three years, reinforcing its position as a trusted builder in the Delhi-NCR region and its dedication to meet the housing needs of its customers.

  • Fuel Prices Hiked Across India as Global Crude Surge Pushes Petrol, Diesel Rates Up

    New delhi, May 15 (BNP): Fuel prices across India witnessed a sharp increase on Friday, with petrol and diesel rates rising by up to ₹3 per litre amid escalating global crude oil prices and ongoing supply concerns linked to the prolonged West Asia conflict.

    Fuel Prices Hiked Across India as Global Crude Surge Pushes Petrol, Diesel Rates Up

    Representational image

    The latest revision has pushed petrol prices in Delhi to ₹97.77 per litre, while diesel now costs ₹90.67 per litre. Similar increases were reported in several major cities across the country.

    Officials said the hike was necessitated by sustained pressure on international energy markets, where crude oil prices have remained volatile due to geopolitical tensions and disruptions in global supply chains. State-run Oil Marketing Companies (OMCs) have reportedly been facing heavy financial strain as import costs continue to rise.

    The increase is expected to impact transportation expenses, logistics operations, and household budgets, potentially contributing to inflationary pressure in the coming weeks. Market experts believe the revision could also lead to a rise in prices of essential commodities due to higher freight costs.

    The government maintained that despite the increase, India has continued to shield consumers from the full burden of global fuel price spikes by absorbing a significant portion of the costs over recent months.

    The development has triggered political reactions and public concern, with opposition parties criticising the move and warning of its impact on common citizens already dealing with rising living expenses.

  • Homegrown Luxury Watch Brand Argos Watches Launches Olympus II

    Homegrown Luxury Watch Brand Argos Watches Launches Olympus II

    Mumbai, India May 15: Homegrown luxury watch brand Argos Watches has launched Olympus II, its latest automatic watch collection, continuing the brand’s strong growth in India’s affordable luxury segment.

    Following the rapid sell-out of previous collections including Olympus I and Apollo III, the new launch witnessed over 34,000 pre-launch sign-ups, highlighting the growing demand for premium automatic watches among Indian consumers.

    Inspired by Japanese watchmaking, the Argos team travelled to Japan earlier this year as part of the development process behind Olympus II. The collection features Japanese Miyota automatic movement technology, open-heart dials, sapphire crystal glass, fluted detailing, and refined finishing that combine timeless craftsmanship with modern aesthetics.

    Olympus II reflects the brand’s focus on making premium automatic watches more accessible to a new generation of consumers.

    The launch also marks Argos Watches’ entry into women’s automatic watches under the Olympus line, carrying forward the same craftsmanship and detailing in a more compact design.

    “Olympus II is a reflection of what our community has consistently asked for – elevated finishing, stronger movements, and thoughtful design,” shared the team at Argos Watches.

    Backed by strong community demand and repeated sold-out launches, Argos Watches is steadily emerging as one of India’s fastest-growing independent watch brands.

  • Duckworth Prestex Introduces Big Date Automatic

    London, May 15, 2026
     
    Duckworth Prestex is proud to announce the Prestex Big Date Automatic: a refined new timepiece that brings together classical watchmaking design with one of horology’s most practical and visually satisfying complications.
     
    With its balanced dial, prominent double-window date display and open-heart detail, the Big Date Automatic reflects a careful approach to proportion, legibility and everyday usability, while continuing the brand’s focus on mechanical character and thoughtful design.

    Duckworth Prestex Introduces Big Date Automatic

     

     
    At the centre of the watch is the oversized big date display, positioned at 12 o’clock. Unlike a standard date window, which often appears as a small and secondary feature, the big date is designed to be read at a glance. Two separate discs work in unison to present the date in a larger, clearer format, creating a display that is both highly legible and visually distinctive.
     
    For founder Neil Duckworth, the appeal of the complication lies in its clarity as much as its mechanical interest. The big date introduces a sense of order to the dial, while also delivering a precise and satisfying change at midnight.
     
    Duckworth explains: “The big date is one of those complications that is incredibly useful but also very pleasing to look at. Because the numerals are larger, you read it instantly. But there is also something very satisfying about the mechanism itself; the way the discs change over together. It adds a moment of precision to the watch each day. And the whole package is just stunning to look at.”
     
    The dial has been designed to support this sense of balance. The big date aperture at 12 o’clock is complemented by an open-heart display at 6 o’clock, offering a view into the movement and introducing a subtle sense of motion. Together, these elements create a symmetrical layout that feels both structured and dynamic.
     
    A guilloché-style textured centre adds depth without overwhelming the design, while applied numerals and heat-blued hands provide contrast and clarity. The result is a dial that remains easy to read yet reveals increasing detail over time.
     
    The Big Date Automatic is housed in a stainless steel case measuring 39.5mm, a size chosen to reflect traditional proportions while ensuring modern wearability. Coin-edge detailing along the case band adds a distinctive touch, drawing on vintage design cues that have long been associated with the Prestex aesthetic.
     
    The watch is paired with a hand-finished leather strap, reinforcing its versatility as a piece that can move easily between formal and everyday settings.
     
    Inside, the watch is powered by an automatic movement with a power reserve of over 48 hours. The inclusion of an open-heart aperture allows the wearer to observe part of the escapement in motion, offering a direct connection to the mechanical nature of the watch.
     
    The Big Date Automatic is priced at £850, with private pre-order access now available. The first 50 pieces will be delivered in June 2026.
     
    Combining a highly legible complication with a balanced dial design and considered proportions, the Big Date Automatic continues Duckworth Prestex’s approach to watchmaking: creating timepieces that are practical, characterful and designed to be worn every day.

  • Gen Z Moving Faster on First Homes as Confidence Builds in Bengaluru Kotak

    Stronger job visibility, improving infrastructure and simpler loan processes are helping first‑time homebuyers in Bengaluru take decisions sooner, according to Kotak Mahindra Bank. The bank is seeing more Gen Z and younger millennials move from renting to owning earlier than before.

    “Across the country, we’re seeing homebuyers get younger,” said Nakul Saxena, Head – Home Loans, Kotak Mahindra Bank. “In Bengaluru as well, more first‑time buyers are choosing to move earlier instead of waiting for the perfect time. They are clearer about their budget, preferred locations and what matters in a home.”

    What’s driving confidence in Bengaluru

    Bengaluru’s strong job market continues to support this shift. Growth in global capability centres, startups is helping professionals build stable incomes earlier in their careers. This is making it easier for many younger buyers to plan for home ownership.

    At the same time, ongoing infrastructure work—especially metro expansion and road connectivity projects—is changing how buyers look at the city. Places that earlier felt like long commutes are now within acceptable travel time.

    “We are seeing more interest in North and East Bengaluru, where buyers feel they can get better space and still stay connected to work,” Saxena said. “As connectivity improves, people are more open to exploring new locations rather than focusing only on established areas.”

    Changing rent vs EMI mindset

    Rents in parts of Bengaluru have risen sharply over the last few years, especially in key job corridors. For many households, the decision is about affordability as well as long‑term certainty.

    Owning a home can offer more predictability compared to rising rents in high‑demand areas. As a result, some first‑time buyers are choosing to act sooner rather than waiting indefinitely.

    What buyers really look for

    Kotak’s interactions with home loan customers show that while modern amenities and community living continue to attract buyers—especially those upgrading from rentals—the final decision is still based on a few basics:

    • Thorough due diligence of all legal aspects related to the land and the property
    • Getting possession on time
    • Good construction quality
    • Homes with natural light and ventilation

    “These are the factors that give buyers comfort,” Saxena said. “Amenities are important, but they also want clarity and confidence in their decision. The final decision depends on how the home will work for the family over time.”

  • ITR Filing Season Begins as Income Tax Department Launches ITR-1, ITR-4 Utilities

    May 15 (BNP): The Income Tax Department has officially started the Income Tax Return (ITR) filing process for Assessment Year 2026-27 with the release of Excel-based offline utilities for ITR-1 and ITR-4 forms on the e-filing portal.

    ITR Filing Season Begins as Income Tax Department Launches ITR-1, ITR-4 Utilities

    The move enables eligible taxpayers to begin filing returns for income earned during the Financial Year 2025-26. Taxpayers can now download the utilities, fill in income and tax details offline, calculate tax liabilities, generate JSON files, and upload them to the official portal for submission and verification.

    The launch marks the beginning of the annual tax filing season and is expected to benefit salaried employees, pensioners, small business owners, and professionals covered under presumptive taxation schemes by allowing them to complete the process well before the deadline.

    ITR-1 is applicable for resident individuals with annual income up to ₹50 lakh earned through salary, pension, up to two house properties, and other sources such as bank interest. The form also covers agricultural income up to ₹5,000 and long-term capital gains under Section 112A up to ₹1.25 lakh.

    Meanwhile, ITR-4 is designed for resident individuals, Hindu Undivided Families (HUFs), and firms excluding LLPs with income up to ₹50 lakh opting for presumptive taxation schemes under Sections 44AD, 44ADA, and 44AE.

    Officials have advised taxpayers to verify PAN, Aadhaar linkage, bank account details, Form 16, and other financial information before filing returns. The department has also encouraged early filing to avoid last-minute technical issues and penalties.

    ITR Filing Season Begins as Income Tax Department Launches ITR-1, ITR-4 Utilities

    Income Tax Returns are mandatory documents through which taxpayers declare their income, deductions, and tax liabilities to the Income Tax Department. The last date for filing returns without penalty is expected to remain July 31, unless extended by the government.

  • NEET UG 2026 Rescheduled for June 21 After Paper Leak Forces Cancellation of Exam

    New Delhi, May 15 (BNP): The National Testing Agency (NTA) has officially announced that the re-examination for NEET-UG 2026 will be conducted on June 21, following the cancellation of the earlier exam amid allegations of a paper leak.

     

    NEET UG 2026 Rescheduled for June 21 After Paper Leak Forces Cancellation of Exam

    The revised examination date was confirmed on Friday through the agency’s official communication channels, ending days of uncertainty for more than 22 lakh medical aspirants across the country.

    The original NEET-UG 2026 examination, held on May 3, was cancelled after reports of an alleged question paper leak surfaced from multiple regions. The Government of India approved the decision to conduct a fresh examination to ensure transparency and maintain the integrity of the country’s premier medical entrance test.

    In its statement, the NTA said the re-examination would be held nationwide on Sunday, June 21, under enhanced security and monitoring arrangements. The agency also urged students and parents to depend only on official notifications for updates regarding admit cards, examination centres, and the admission process.

    The cancellation announcement made on May 12 had triggered anxiety among lakhs of candidates awaiting clarity on the future course of the examination. With the fresh schedule now released, preparations for the re-exam process are expected to begin immediately.

    NEET-UG serves as the gateway for admission to undergraduate medical courses across India, including MBBS, BDS, AYUSH, and other allied medical programmes.