July, 2022

• 20 July

  Hub71 launches second edition of Outliers programme for startups

  

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced the launch of the second edition of “The Outliers Programme”, bringing together leading corporate and government partners including Aldar, Department of Culture and Tourism – Abu Dhabi (DCT) and Department of Health – Abu Dhabi (DoH), and Thales to present business and operational challenges for tech startups to ...

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• 20 July

  World Bank: G-20 debt-relief delay will worsen poverty

    Bloomberg A lack of progress by the world’s largest economies to reduce the debt burden of the poorest nations as borrowing costs increase will cause worsening poverty rates and instability, World Bank Group President David Malpass said. “Debt relief is of major importance for the world because the interest rates are going up,” Malpass said in an interview on ...

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• 20 July

  UAE President concludes two-day state visit to France

  

  PARIS / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan left Paris on Tuesday concluding a two-day state visit to the French Republic. His Highness Sheikh Mohamed bin Zayed was seen off at Orly Airport to the sounds of the UAE national anthem. During the visit, the UAE President met with President Emmanuel Macron and a number of ...

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• 20 July

  Hub71 launches second edition of Outliers programme for startups

  

    Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced the launch of the second edition of “The Outliers Programme”, bringing together leading corporate and government partners including Aldar, Department of Culture and Tourism – Abu Dhabi (DCT) and Department of Health – Abu Dhabi (DoH), and Thales to present business and operational challenges for tech startups ...

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• 20 July

  UAEU gets international institutional accreditation for another ten years

  

    AL AIN / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of the United Arab Emirates University (UAEU), has congratulated the faculty and staff of the university for having once again achieved international accreditation by the Western Association of Schools and Colleges’ (WASC) Senior College and University Commission ...

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• 20 July

  Sharjah Media City expands support for entrepreneurs

  

  Sharjah / WAM Sharjah Media City (Shams) is expanding support for entrepreneurial ventures in the media sector and adding new financing opportunities to its portfolio that target innovative start-ups and SMEs and enable them to secure financing through a strategic partnership and guarantee scheme agreement with venture debt platform Funding Souq. The agreement aims to provide innovative financing facilities for ...

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• 20 July

  Dubai records 6.3% jump in energy demand in H1 2022

  

    Dubai / WAM Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (Dewa), announced that energy demand in Dubai during the first half of 2022 increased by 6.3% compared to the same period in 2021. Demand for energy in the first half of 2022 reached 23,096 GWh compared to 21,729 GWh in the first half of 2021. ...

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• 20 July

  DIFC Courts sees 10% rise in volume of cases

  

    Dubai / WAM The Dubai International Financial Centre (DIFC) Courts on Tuesday released its figures for the first six months of 2022, reaffirming increased efficiency of process for businesses engaged with the region’s prime jurisdiction for dispute resolution. The volume of cases across all the divisions recorded a 10 percent increase in the first half of this year, compared ...

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• 20 July

  The Big Tech apples may have further to fall

  

  There’s no doubt what July 18’s biggest market news was in New York. Apple Inc stock fell more than 2% in its worst session in almost three weeks after Bloomberg revealed the company’s plans to slow hiring and spending to cope with a potential economic downturn. The news, shortly after midday, sparked an immediate tumble. Until now, shares of the ...

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• 20 July

  China’s love for skyscrapers wanes

  

  Nothing ruins a Chinese neighbourhood like a vacant skyscraper owned by a bankrupt real estate developer. But Hefei, the capital of Anhui Province, has something worse: the first floors of a building intended to be one of the world’s tallest. Its owner, cash-strapped China Evergrande Group, has suspended construction while it tries to avoid a default that would shake China’s ...

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