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Oil posts second weekly loss in June as virus cases surge

Bloomberg Oil posted its second weekly loss for the month, as a surge in US coronavirus cases clouds the demand outlook and casts doubts on the market’s recovery. Futures in New York slipped 3.2% this week. The price slump comes just days after oil closed above $40 for the first time since early March, and following a run of weekly ...

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Dewa, Dell discuss digital cooperation

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), has held a video conference with Michael Dell, Chairman and CEO of Dell Technologies, a global leader in telecommunications and information technology. The meeting aimed at sharing the best international practices and experiences between the two organisations to adopt and offer futuristic digital ...

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Abu Dhabi bans heavy vehicles during rush hours

ABU DHABI / WAM The General Command of Abu Dhabi Police announced on Saturday that traffic is banned for heavy vehicles and trucks on roads restricted to peak times in the Emirate of Abu Dhabi, starting June 28. According to a statement issued by Abu Dhabi Police, in Abu Dhabi city peak times will be from 6:30 am to 9:00 ...

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EU is moving closer to ban travellers from US

Bloomberg The European Union (EU) moved closer to recommending that travelers from the US shouldn’t be allowed to enter the bloc even after July 1, according to a draft decision being considered by governments. Diplomats have agreed on a provisional list of 15 countries, including Canada, Japan, Australia and South Korea, that should be allowed into the EU because their ...

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DFF report focuses on climate change

DUBAI / WAM The Dubai Future Foundation (DFF) has focused on climate change, one of the defining challenges of our time in its 12th “Life After Covid-19” report. Titled “Life After Covid-19: Climate Change”, the report highlights the transient positive impact this exceptional period has had on lowering greenhouse gas emissions around the world as a result of the decline ...

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RTA opens 740-metre bridge leading to Dubai Creek Harbour

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) on Saturday opened a flyover leading to the Western entrance of the Dubai Creek – Dubai Creek Harbour; an important phase of the Sheikh Rashid bin Saeed Crossing Improvement Project. The project encompasses the improvement of Nadd Al Hamar Street – Ras Al Khor Road intersection, along with extensive improvements of ...

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Adafsa issues 36 guides for post-harvest practices

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) issued 36 post-harvest practice guides covering 41 crops, including 21 guides for vegetables and 15 guides for fruits. Due to the similarity of post-harvest practices for some crops that belong to the same family, the guides of these crops were combined. The Adafsa was keen to gather ...

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UAE sends more medical aid to Iran to fight Covid-19

ABU DHABI / WAM The UAE sent an aid plane carrying 16 metric tons of urgent medical supplies to Iran to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 16,000 medical professionals as they work to contain the virus. This aid plane is the fourth to be sent by the UAE to Iran ...

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Dubai Economy issues 41,252 e-MOA, addendums

Dubai / WAM The Business Registration & Licensing (BRL), sector in Dubai Economy has issued 41,252 electronic Memorandum of Association (MOA) and e-MOA addendums from January 2019 to end of May this year. This is in line with the Federal Decree-Law No. 7 of 2018 by President His Highness Sheikh Khalifa bin Zayed Al Nahyan amending articles within Federal Law ...

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UK firms are geting ready for a no-deal Brexit as time runs out

Bloomberg However much Prime Minister Boris Johnson says he will be able to arrange a trade deal with the European Union by the year-end, firms in Britain are already bracing themselves for the possibility he won’t. Renold Plc, a Manchester-based maker of vehicle chains and gearboxes, is among them. It’s planning to fast-track deliveries to customers in the coming months ...

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