July, 2022

• 4 July

  Maltese trade mission all set to visit UAE in mid-September

  

    DUBAI / WAM Humaid Mohammed bin Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry (FCCI), and Maria Camilleri Calleja, Ambassador of Malta to the UAE, have met to discuss the preparations for the visit of the Maltese trade mission to the country in mid-September. The visit aims to seize investment opportunities in the UAE and ...

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• 4 July

  ADJD holds webinar on anti-money laundering

  

    ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) organised a webinar on the “Mechanisms to combat money laundering and terrorism financing and the Obligations of Legal Professionals, Officers of the Court and Others Towards these Crimes in the Light of UAE Legislation and Judiciary, and International Experiences”, as part of the efforts to strengthen anti-money laundering endeavours ...

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• 4 July

  Tesla Model 3 joins Dubai Taxi fleet on a trial basis

  

    DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) announced that Tesla Model 3 had been added to Dubai Taxi Corporation’s taxi fleet on a trial basis, following the huge success of operating 172 Tesla vehicles in the limousine service since 2017. The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet ...

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• 4 July

  Tesla Model 3 to join Dubai Taxi fleet on trial basis

    DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) announced that Tesla Model 3 had been added to Dubai Taxi Corporation’s taxi fleet on a trial basis, following the huge success of operating 172 Tesla vehicles in the limousine service since 2017. The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet ...

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• 4 July

  SIB to launch wealth management, remittance services for NRIs

  

  Dubai / Gulf Time South Indian Bank Limited (SIB), a major private sector bank headquartered in Kerala, India, will be launching special wealth management service, deposit scheme, life insurance scheme, trade-related payments and remittance service and mutual fund products for the non-resident Indians (NRIs). Announcing this, Murali Ramakrishnan, CEO, South Indian Bank Ltd, who is in Dubai on an official ...

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• 4 July

  Surging fuel costs causing demand destruction: Vitol

  

  Bloomberg The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Consumers are being hit by the run-up in gasoline, diesel and other oil products, Mike Muller, head of Asia at Vitol Group, said on Sunday on a podcast. “There’s very clear evidence out there of economic stress ...

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• 4 July

  How Hong Kong’s 1997 dreams sank sans trace

  

  The Jumbo Floating Restaurant, a landmark attraction built in the style of an imperial palace that adorned the south side of Hong Kong island for more than four decades, capsized this month in the South China Sea, having been towed away after its business was rendered unprofitable by the pandemic. Social media users were quick to see a metaphor. As ...

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• 4 July

  Brexit has UK traveling wrong way in time

  

  The idea of time travel is an old British preoccupation, from H.G. Wells’s 1895 novel to the seemingly immortal television series “Doctor Who,” which first aired in 1963, the year before I was born. Although I didn’t travel by Tardis or encounter any murderous Daleks, returning to my native land last month felt more than usually like a “Doctor Who” ...

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• 4 July

  To save Ukraine, slow down on the autobahn

    Rather as the US is an outlier among developed countries in equating freedom with gun ownership, Germany is almost unique in defining liberty as the absence of speed limits on the autobahn. That mentality, however, is now slamming into the imperative to save energy, which is in turn part of the West’s common effort to resist the warmongering of ...

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• 4 July

  Companies need to get real about climate risk

    For decades, US companies have been making a significant omission in their financial statements: They’ve failed to recognize and disclose the full cost of climate change. This matters not only for the planet’s future, but also for investors today. It makes some businesses look more profitable than they really are, and it prevents others from realizing the value of ...

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