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 ...

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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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• 20 July

  Germany should make English official language

    Here’s a great idea that unfortunately won’t become reality any time soon: Germany should recognise English as a second official language. So should most countries, in fact. The idea popped up this month in a 10-point program put forth by the Free Democrats, the business-friendly and liberal junior partners in the German governing coalition. Their motivation is to attract ...

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• 20 July

  Food may be ultimate weapon in 21st century

    President Joe Biden’s administration is reportedly rewriting its National Security Strategy, which the White House is required to send to Congress annually, to account for the lessons of the war in Ukraine. One issue that this document will have to grapple with outside its traditional focus on statecraft and diplomacy: food. The conflict in Ukraine has put the geopolitics ...

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• 20 July

  Boeing gets boost with Delta order for workhorse aircraft

  

    Bloomberg Boeing Co announced a firm order for 100 of its 737 Max 10 jetliners from Delta Air Lines Inc, its opening salvo at the Farnborough Airshow that the US planemaker hopes will provide a boost after it fell behind arch-rival Airbus SE. The purchase includes an option for 30 additional jets, the companies announced at the event. Should ...

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