July, 2022

• 24 July

  Porsche says it can make more profit selling electric cars

  

    Bloomberg Auto CEOs warned for years about effects a costly transition to electric vehicles would have on their margins. But ahead of its landmark potential listing, Porsche is telling investors it can become more profitable focusing on battery power. The Volkswagen-owned sports-car maker sees more potential to raise prices of its EVs than its combustion engine models, Chief Financial ...

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• 24 July

  Snap reports disappointing sales in Q2

    Bloomberg Snap Inc falls to its lowest level in more than two years after the company reported disappointing sales, roiled by a major slowdown in ad spending and rising competition for dwindling marketing dollars. Shares of Meta Platforms Inc and Alphabet Inc falls in tandem. Second-quarter revenue grew 13% to $1.11 billion, the company said, falling short of analysts’ ...

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• 23 July

  UAE-French ties witness remarkable development

  

    ABU DHABI / WAM Xavier Chatel, French ambassador to the UAE, described the visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France as successful and important in all domains, especially as it is the first official visit of His Highness as UAE President. The visit also underscores the deep-rooted friendship and cooperation between the two ...

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• 23 July

  UAE strongly condemns attack on Dohuk in Iraq

    Abu Dhabi / WAM The UAE strongly condemned the attack that targeted a tourist area in the Dohuk governorate in the Kurdistan region, in the north of the Republic of Iraq, which resulted in deaths and injuries. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s strong condemnation of these criminal acts, and its permanent rejection ...

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• 23 July

  CBI first bank in UAE to launch virtual location in Metaverse

  

    Abu Dhabi / WAM Commercial Bank International (CBI) has announced that it is the first bank in the UAE to launch a virtual location in the Metaverse. CBI, a UAE-based corporate and retail bank, is the first bank in the UAE and among the first early adapter banks in the Middle East region as well, to open a virtual ...

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• 23 July

  Abu Dhabi hosts event to boost biodiversity policy

  

    ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) held a workshop in the presence of representative stakeholders from institutions and government agencies to consult on the Abu Dhabi Biodiversity Protection Policy. The workshop aimed to present the proposed policy and help organise and promote the sustainable use of biodiversity resources. The longer-term goal is to preserve ...

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• 23 July

  Emirates adds 3rd daily flight to London Gatwick

    Dubai / Gulf Time Emirates will increase the frequency of its services to/from London Gatwick airport with the addition of a third daily flight, effective July 27 until August 3. This third daily flight will help serve high demand from customers travelling to and from London this summer. It will also provide additional seats to accommodate Emirates passengers affected ...

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• 23 July

  Abacus joins e-Empower initiative of Khalifa Fund

  

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development has welcomed Abacus, a leading vendor of business management solutions, as the latest e-Empower partner. Abacus, the official Sage provider in the Mena region, will offer Khalifa Fund applicants specialised packages to enhance their digital capacities. Alia Al Mazrouei, CEO, Khalifa Fund for Enterprise Development, said, “Khalifa Fund is constantly identifying ...

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• 23 July

  Abu Dhabi records AED22.5b in real estate deals in H1 2022

  

    Abu Dhabi / WAM Abu Dhabi’s real estate market sustained growth driven by investor optimism, recorded 7,474 property transactions amounting to over AED22.51 billion, as per the latest report released by the Department of Municipalities and Transport (DMT). The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged. DMT’s real ...

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• 23 July

  EAD organises workshop to develop biodiversity policy

  

    Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) held a workshop in the presence of representative stakeholders from institutions and government agencies to consult on the Abu Dhabi Biodiversity Protection Policy. The workshop aimed to present the proposed policy and help organise and promote the sustainable use of biodiversity resources. The longer-term goal is to preserve ...

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