July, 2022

• 22 July

  Etihad extends Zanzibar flights to January 2023

  

    Abu Dhabi / Gulf Time Etihad Airways has announced the extension of its flights between Abu Dhabi and Zanzibar to January 14, 2023. The service will continue to be operated at the current schedule of three times weekly until November 26, when a fourth weekly flight will be introduced for the end of year holidays. The flights will be ...

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• 22 July

  AECB adds EtihadWE bills in its credit reports

    Dubai / WAM Al Etihad Credit Bureau (AECB) has announced it successfully added key utility billing data from all the Emirates covered by Etihad Water and Electricity (EtihadWE), including Ajman, Umm Al Quwain, Fujairah and Ras Al Khaimah, as part of the alternative data used in the credit reports of individuals and companies. AECB has recently added payment obligations ...

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• 22 July

  Emirates News Agency, MBZUAI sign strategic partnership agreement

  

    Abu Dhabi / WAM The Emirates News Agency (WAM) has signed a strategic partnership agreement with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), with the aim of enhancing joint cooperation between the two sides in the media and artificial intelligence sectors through the exchange of knowledge, experiences and training. The agreement was signed by Mohammed Jalal Al ...

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• 22 July

  Dewa wins 3 global good governance awards from Cambridge IFA

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced it won three Global Good Governance (3G) Awards. These awards are presented annually by Cambridge IFA in the UK and major international companies compete to win them. Dewa won the awards in “Leadership in Good Governance,” “Excellence in Compliance and Conformance Activities,” and “Commitment and Promotion of Good ...

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• 22 July

  President’s speech drafts roadmap for UAE’s economic development

  

    Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, has said the speech of President His Highness Sheikh Mohamed bin Zayed Al Nahyan has outlined the strategic direction for the economic development in the UAE by promoting openness to the world and consolidating the principles of cooperation based on respecting common interests, achieving mutual benefit, and ...

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• 22 July

  Russia resumes Nord Stream gas flow, brings Europe respite

  

    Bloomberg Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting to wobble under the strain of reduced supplies. Shipments returned to 40% of capacity, their level before flows were halted for 10 days of planned maintenance, data from the pipeline operator showed. While ...

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• 22 July

  S Africa wants to access climate funds next year

    Bloomberg South Africa’s government wants to start accessing part of the $8.5 billion in climate financing pledged by some of the world’s richest nations in early 2023, the head of its negotiating team said. “That’s what we are aiming for and working towards,” Daniel Mminele, a former central banker governor who was appointed to head the talks for South ...

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• 22 July

  Lithium refining is a ‘license to print money’: Musk

  

    Bloomberg Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.” “I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is much harder,” Tesla Inc.’s Chief ...

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• 22 July

  Macron, Scholz need a grand bargain on energy

  

  The smell of natural gas rarely gets thought of as a recession risk in Europe. Yet International Monetary Fund (IMF) researchers listed exactly that as one of several potential bottlenecks that could aggravate the pain of a major European Union gas supply crisis, as seemingly small differences in the practice of gas odorisation for safety reasons would slow the flow ...

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• 22 July

  Property crisis traps China in paradox

  

  Here’s a scenario. You buy a pre-construction apartment and start paying the mortgage before it’s complete. The developer halts the project, has defaulted on its debt and it looks like the property may never get built. You hear of buyers elsewhere who have stopped making their loan payments; the government has stepped in to ensure the builders have money and ...

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