July, 2022

• 27 July

  New fish market opened at Mina Zayed

    Abu Dhabi / WAM The Department of Municipalities and Transport (DMT) announced the opening of the new fish market in Abu Dhabi’s Mina Zayed district in collaboration with Modon Properties, the developer behind the project. The new market offers a shopping experience with the design incorporating themes associated with the legacy of Abu Dhabi’s fishing trade and preserves the ...

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• 27 July

  Abu Dhabi increases pensions of Emiratis in public schools to 80%

  

    ABU DHABI / WAM Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and to ensure citizens’ well-being, Abu Dhabi Executive Council has approved a new decision to raise pensions of UAE nationals working in the emirate’s public schools to 80% of their total salary, contributing to better living standards and more financial stability for ...

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• 27 July

  ECI inks deal to support Sharjah exporters, re-exporters

  

    Sharjah / WAM Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, has partnered with the Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone Authority (Saif Zone) to support Sharjah exporters and re-exporters to start and grow their international business and secure their receivables globally. The strategic initiative will boost the exports from Sharjah, ...

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• 27 July

  Why the WHO wants all to wake up about monkeypox

  

  The World Health Organization (WHO) had a hard time deciding whether to label monkeypox a public health emergency of international concern (PHEIC) or not. That’s a rare designation, given to Covid-19 and a handful of other diseases such as swine flu in 2009, polio in 2014 and Ebola (twice). It carries binding legal commitments for member nations to act. A ...

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• 27 July

  If only Musk ‘snapped’, not ‘tweeted’

  

  If Elon Musk does eventually take over Twitter Inc he will quickly discover the one feature he’s disparaged the most, bots, are the key to the platform’s ongoing growth. Musk may also be glad to see that its main rival in ephemeral social media, Snap Inc, doesn’t even have that same “problem.” Both companies reported earnings and similarly disappointed investors. ...

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• 27 July

  Macron’s moonshot looks like a long shot!

    Satellite startup OneWeb Ltd’s past decade has resembled a space opera. Founded by a US entrepreneur and headquartered in London, it has partnered with Google and Elon Musk, supplied Arianespace, attracted investment from Hughes Network Systems and SoftBank Group Corp and fallen into bankruptcy. It was then rescued by the UK government and India’s Bharti Global. The next act ...

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• 27 July

  Is Trump plotting to blow up constitution?

    The must-read reporting over the weekend was Jonathan Swan’s series at Axios exploring the efforts of former President Donald Trump’s supporters and other Trump-friendly Republicans to prepare to staff a potential Trump second term. During the presidential nomination competition in 2015-2016, Republican party actors generally opposed Trump, in part because they considered him a risky general election candidate and ...

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• 27 July

  Walmart tumbles as discounts spur new cut to profit forecast

  

    Bloomberg Walmart Inc cut its profit outlook again in a surprise warning weeks ahead of its earnings report, sending retailer shares tumbling and raising new questions about US consumers’ ability to sustain their voracious spending habits with inflation at a four-decade high. Adjusted earnings per share will fall as much 13% in the current fiscal year as US shoppers ...

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• 27 July

  EasyJet takes £133m hit on summer travel chaos

  

  Bloomberg EasyJet Plc said disruption to travel driven by staff shortages, soaring demand and caps on airport capacity forced it take a £133 million charge in the fiscal third quarter, while stating operations would now be smoother over the peak summer period. The UK low-cost carrier still operated 95% of its planned schedule in the three months through June despite ...

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• 27 July

  Heathrow hits back at airlines, says flight cap may be extended

  

    Bloomberg London Heathrow airport said airlines need to hire ground staff more aggressively to help overcome persistent travel disruptions, warning that a cap on flights to ease the chaos might have to stay in place for at least another year. “This is not going to be a quick fix,” CEO John Holland-Kaye said. “It’s absolutely possible that we could ...

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