July, 2022

• 7 July

  AD Ports-SEG JV to set up logistics, food trading hub in Uzbekistan

  

    Tashkent / WAM AD Ports group announced the launch of a joint venture with SEG, one of the largest oil and gas companies in Uzbekistan, to open new logistics and freight businesses and signed a memorandum of understanding (MoU) to develop a food trading hub in Uzbekistan. At a signing ceremony in Tashkent, the two companies signed the key ...

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• 7 July

  Emerge, Miral to deliver clean energy to ‘SeaWorld Abu Dhabi’

  

    Abu Dhabi / WAM Emerge, a joint venture between the UAE’s Masdar and France’s EDF, announced on Wednesday that it has signed an agreement with Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park currently under construction on Yas Island. The project, which will have ...

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• 7 July

  Enoc opens new compact station in Dubai South

  

  DUBAI / WAM Enoc group on Wednesday announced the launch of its newest compact station in the Dubai South area, the master-planned city with eight different sub-areas that spans across approximately 145 square kilometres. The compact station will offer customers accessible and convenient refuelling services. The latest compact station is strategically located in Dubai South free-zone area, one of the ...

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• 7 July

  Etihad to launch its first NFT collection

    Abu Dhabi / Gulf Time Etihad Airways, the national airline of the UAE, on Wednesday announced the upcoming release of the airline’s first non-fungible token (NFT) collection, ‘EY-ZERO1’. The utility-driven series features ten highly detailed 3D aircraft models, each one showcasing a unique Etihad Airways Boeing 787 Dreamliner livery. A total of 2003 limited-edition collectibles, symbolising the year when ...

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• 7 July

  Barakah plant provides clean electricity, solution for climate change

  

    Abu Dhabi / WAM Energy security has rapidly become the number one priority for nations around the world in light of current geopolitical issues leading to rapidly escalating energy prices. These rises, coupled with spiralling inflation, are adding pressure to many national energy systems around the world and the knock-on impact for consumers cost of living is clear. However, ...

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• 7 July

  EGA to install highly-automated cranes in Jebel Ali

  

    Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Wednesday announced the company is to install highly-automated, multi-functional overhead cranes in Jebel Ali in a step towards full automation of cranes used for reduction cell tending, and securing operations for decades ahead. EGA is replacing 16 cranes that have completed their 25-year useful lives with just 14 new models ...

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• 7 July

  Johnson’s in trouble. But UK economy’s Ok for now

  

  Britain certainly feels fragile at the moment with runaway inflation, war in Ukraine and all manner of local difficulties plaguing the UK body politic. Already beset by various scandals and electoral setbacks, Prime Minister Boris Johnson suffered even greater body blows with the resignation of both Rishi Sunak, the chancellor of the exchequer, and Sajid Javid, the health secretary, key ...

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• 7 July

  Is it a free Lamborghini for VW buyers?

  

  More than 70% of the roughly 1 million Porsche 911 sports cars built since the 1960s are still on the road. While one wonders what happened to the others, it shows 911s are prized by collectors and so tend to hold their value. Alas, one can’t say the same about parent company Volkswagen AG’s shares. Porsche has been touting its ...

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• 7 July

  Pollution’s impact on China’s crops is worse

    China is turning back to low-cost coal to boost its ailing economy. It’s an understandable reaction to the toll caused by Covid lockdowns. But it will come with a steep price for the environment and the health of its citizens. It’s also likely to worsen food insecurity in China just as the world is trying to fend off a ...

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• 7 July

  Buy now pay later joins list of subprime losers

    In every down market cycle, subprime rears its head. It may not take center stage, like it did in the 2007-08 financial crisis, but it always surfaces. When times are good, finance companies are happy to ignore the pitfalls of lending to the riskiest borrowers. When times turn bad, the problems emerge. Carrying the mantle this time around is ...

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