John Ternus Is the New Apple CEO as Tim Cook Shifts to Chairman

April 21, 2026
3 min read

John Ternus is the new Apple CEO effective September 1, 2026, replacing Tim Cook after a 15-year run.
Tim Cook, the executive chairman duties will include policy engagement and board leadership after the handover.
Apple’s board of directors approved the Apple succession plan unanimously after long-term preparation.
Apple Hardware Engineering veteran Ternus brings 25 years of product design and leadership experience.

John Ternus is the new Apple CEO, and the announcement shifts the tech giant into a fresh chapter. The Apple board of directors approved the move unanimously on Friday, April 17, 2026. Tim Cook will step into the executive chairman role on September 1, 2026. Ternus currently leads Apple Hardware Engineering as senior vice president and has worked at Apple since 2001. The Apple leadership transition follows a careful, long-term Apple succession plan designed to protect the company’s future.

Cook will keep running Apple through the summer while guiding Ternus into the top job. As Tim Cook, the executive chairman, plans to focus on policy matters and global government relations. “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity,” Cook said. Ternus, age 50, will become the eighth CEO in the history of Apple. He joins the Apple board of directors on the same day his new role begins.

A New Era Begins for Apple Hardware Engineering and Leadership

Ternus joined the Apple product design team 25 years ago after studying mechanical engineering. He rose through Apple Hardware Engineering, shaping every iPhone, iPad, Mac, and AirPods generation during his tenure. His team recently launched the MacBook Neo, iPhone Air, and iPhone 17 Pro Max lineup. Under his watch, AirPods gained hearing aid features, turning them into wearable health tools. “I am profoundly grateful for this opportunity to carry Apple’s mission forward,” Ternus said.

John Ternus is the new Apple CEO at a critical moment for the company. Apple faces tariff pressures, supply chain complexity, and fierce competition in artificial intelligence tools. From my standpoint, his engineering background gives Apple a builder’s mindset during this global tech shift. The company will also promote Johny Srouji to chief hardware officer, expanding his current duties.

The Cook Legacy and the Apple Succession Plan

Cook took over from Steve Jobs in 2011 and grew Apple into a 4 trillion dollar company. Revenue climbed from 108 billion dollars in 2011 to more than 416 billion dollars in fiscal 2025. Apple now operates in over 200 countries with 500 retail stores and 2.5 billion active devices. Arthur Levinson, the current chairman, will become the lead independent director on the same date.

The Apple leadership transition protects the roadmap Cook built around privacy, services, and custom silicon. Services now generate over 100 billion dollars yearly, matching the scale of a Fortune 40 business. Ternus will inherit strong product lines and a loyal customer base across every major market. His first test will involve pushing Apple deeper into artificial intelligence and next-generation Siri tools.

What Investors Should Watch Next

John Ternus is the new Apple CEO, so expect a strong focus on product execution. Investors will watch how he balances hardware innovation with new service growth across the company. The Apple succession plan offers continuity because Ternus understands every layer of the current product lineup. For you as a reader, this change signals stability rather than disruption at one of the world’s largest companies.

FAB Launches the Emirati Jaywan Debit Card Across the UAE for Daily Use

FAB launches the Emirati Jaywan Debit Card, and the country now has a homegrown card sitting inside its biggest bank. The card is live for domestic use. It runs on the UAE national card scheme, the local rails managed by Al Etihad Payments and backed by the Central Bank of the UAE. First Abu Dhabi Bank is the largest lender in the country by assets. So this reads as a real signal, not a pilot.

What the Jaywan debit card does

Here is what you get. The Jaywan debit card handles everyday payments and cash access across the UAE. Tap or dip at local merchant outlets. Online, it works on UAE-based platforms. ATMs nationwide handle cash withdrawals. The card also links to digital wallets through tokenised wallet integration, so your card details get swapped for a secure token on supported devices.

Security sits at the core. The card uses Chip and PIN for in-person buys and 3D Secure authentication online. Your four-digit PIN confirms you are the real cardholder at the till. For a domestic scheme handling millions of daily taps, this layer counts.

Why FAB launches the Emirati Jaywan Debit Card now

Timing tells the story. FAB launches the Emirati Jaywan Debit Card as the national rollout moves from plan to practice. The card is integrated with the FAB Mobile app, so you manage it where you already bank. You watch transactions, handle your account, and run digital servicing from one screen. Al Etihad Payments built Jaywan to localise card payments and cut transaction costs. Keeping this flow inside UAE borders also strengthens national data sovereignty, a point FAB made plainly.

Two names carried the message. Futoon Al Mazrouei, Group Head of Personal, Wealth and Business Banking at FAB, tied the card to trust and customer focus inside the UAE’s financial system. Andrea Ciancetti, Chief Products Officer at Al Etihad Payments, called the FAB launch “a critical milestone for the roll-out of the scheme,” and thanked the bank for making Jaywan real for people nationwide.

How to get the Jaywan debit card

Getting one is simple if you already bank with FAB. Apply through the FAB Mobile app or at a FAB branch. No account with the bank yet? Open an eligible one first, then apply. Elite and Private Banking clients can go through their relationship managers. FAB has not disclosed fees, account tiers, or rewards, so check those points before you commit.

Jaywan is bigger than one card. The scheme, launched in 2024, is the first UAE national card scheme, built to localise payments and lower costs for merchants and banks. First Abu Dhabi Bank is one of the early issuers, with other lenders lining up prepaid and debit products over the coming months. Al Etihad Payments has also signed global networks for co-badged cards, so travel use can follow the domestic base. For now, the FAB card stays inside UAE borders.

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By Fatima Al-Nouri
4 min read

ADNOC Umm Shaif Gas Cap Gets $6.2 Billion Go-Ahead for 2030 Gas Startup

The ADNOC Umm Shaif Gas Cap has moved from a plan to a funded project, with a $6.2 billion final investment decision now signed. ADNOC will develop the offshore field alongside TotalEnergies, Eni and China National Petroleum Corporation. The deal carries a headline figure of AED22.6 billion. It targets first output by 2030.

What the ADNOC Umm Shaif Gas Cap deal delivers

The development will add more than 600 million standard cubic feet per day of natural gas and associated gas liquids. That equals close to 10 percent of what the UAE burns in a day right now. For a country holding the world’s seventh-largest gas reserves, the math matters. Rising UAE natural gas production feeds homes, factories, and the power-hungry data centres behind artificial intelligence growth. You can read this as a bet on demand staying strong.

The Umm Shaif Gas Cap FID sits inside a wider push. ADNOC has been expanding its liquefied natural gas reach and firming up UAE energy security at the same time. Global demand for lower-carbon gas keeps rising, which raises the stakes. Both goals point the same direction.

Who is building it and how

Contracts back up the ambition. ADNOC awarded three engineering, procurement and construction packages worth a combined $5.1 billion, or AED18.8 billion. Consortiums of UAE and international contractors won the work, which covers large-scale offshore infrastructure. A separate $365 million programme, AED1.3 billion, funds 14 wells. ADNOC Drilling will run that campaign over 18 months using three rigs it already owns. No new rigs join the field.

Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, tied the move to the company’s broader plan. “The Umm Shaif Gas Cap FID is another important milestone in delivering this strategy and reinforcing ADNOC’s position as a reliable gas supplier,” he said. Umm Shaif is Abu Dhabi’s longest-operating offshore field, so this builds on decades of work.

The field runs deep in the emirate’s history. It hosted Abu Dhabi’s first offshore well and fed the emirate’s first oil exports back in 1962. Six decades on, it now anchors a gas plan aimed at near self-sufficiency by 2030.

The bigger gas play

This Abu Dhabi offshore gas project does not stand alone. The ADNOC Umm Shaif Gas Cap follows a concession award for the Bab Gas Cap from the Supreme Council for Financial and Economic Affairs. That field is expected to add another 1.5 billion standard cubic feet per day of gas and liquids. Stack the two, and the supply picture grows fast.

There is a trading side too. A new ADNOC LNG platform now sits in Abu Dhabi Global Market. The venture is chasing 47 million tonnes per annum of marketable LNG capacity by 2035. That scale would place it among the largest LNG traders anywhere. The ADNOC Umm Shaif Gas Cap fits neatly into that goal, feeding molecules into a growing export machine.

My read: the ADNOC Umm Shaif Gas Cap is Abu Dhabi buying insurance and market share at once. Demand for reliable, lower-carbon gas keeps climbing, and ADNOC wants to be the name buyers trust when they place long orders. The 2030 timeline gives partners room to build. Watch the drilling pace over the next 18 months for the first real signal.

By Fatima Al-Nouri
3 min read

NBQ’s 2026 half-year profit reaches AED271 million on solid fundamentals

NBQ’s 2026 half-year profit came in at AED271 million for the six months to 30 June. Behind that figure sit the depositors, borrowers and staff who keep the lender running. The National Bank of Umm Al Qaiwain results point to steady footing at a small bank that families and businesses in the northern emirates lean on for everyday needs.

What NBQ’s 2026 half-year profit shows

The bank credited its first-half showing to a wider mix of income and a broader balance sheet, paired with tight cost control. Total interest income reached AED503 million over the period. Net interest income held about flat at AED310 million, against AED309 million a year earlier. That flat line matters more than it looks. Interest rates fell over the year, so keeping core income steady took real work on both pricing and funding.

For a customer, this shows up in small ways. Your deposit stays safe. Loan terms stay predictable. A bank that earns steadily can keep the lights on for the people who bank with it.

Balance sheet growth and deposits

NBQ total assets rose to AED24.1 billion by the end of June, up 5 percent from December and 20 percent from a year earlier. Customer deposits did much of the heavy lifting. They climbed 29 percent to AED17.1 billion, a sign that more people trusted the bank with their money. Net loans and advances grew 4 percent over the year to AED8.7 billion. Shareholders’ equity reached AED6.4 billion, up 3 percent from June 2025.

Deposit growth on that scale tells a human story. When savers move money into a bank, they place a bet on its stability. That trust gives the lender room to fund loans for homes, shops and small firms across the emirate.

Capital strength and asset quality

The capital adequacy ratio stood at 31 percent, well above the floor the Central Bank of the UAE sets under Basel III rules. Put simply, the bank holds a thick cushion against shocks. The non-performing loans ratio came in at 0.4 percent, up slightly from 0.3 percent at the end of 2025 but far below the 2.2 percent seen a year earlier. Fewer bad loans mean fewer customers in distress and a cleaner book. NBQ net profit after tax landed at AED271 million on the back of these numbers.

Adnan Al Awadhi, Chief Executive Officer of NBQ, said the bank delivered solid results despite geopolitical uncertainty and lower interest rates. He pointed to a diversified model, careful balance sheet management and a focus on lasting growth. Al Awadhi said the bank kept strong capital and liquidity while supporting customers and the wider economy through prudent risk management and better asset quality.

He added that NBQ kept investing in digital tools to improve the customer experience and to make its platforms safer and more reliable. Partnerships would widen its services further, he said. Al Awadhi also restated the bank’s pledge to Emiratisation, leadership development, sustainability and community work.

Why NBQ’s 2026 half-year profit matters to customers

Numbers like these can feel far from daily life. Yet a stable bank shapes real choices for real people. NBQ’s 2026 half-year profit gives the lender the means to keep lending, keep hiring and keep serving the towns it calls home. For anyone who banks there, that steadiness is the point.

By Amira Khalil
3 min read

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John Ternus Is the New Apple CEO as Tim Cook Shifts to Chairman

John Ternus Is the New Apple CEO as Tim Cook Shifts to Chairman

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A New Era Begins for Apple Hardware Engineering and Leadership