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Sharjah / WAM Sharjah’s exhibition and conference season will soon kick off with a wide range of major local, regional, and international events hosted and organised by the Expo Centre Sharjah during the last four months of 2022. From August 26 to January 1, 2023, Sharjah will host a total of 11 business, commercial, and cultural events that will draw ...
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August, 2022
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1 August
NBF profit hits AED150.5mn in H1 2022
Fujairah / Gulf Time The National Bank of Fujairah (NBF) announces its results for the six month period ended June 30. The bank recorded year-on-year growth of 97.5% to close the six month period at a net profit of AED150.5 million compared to AED76.2 million in corresponding period of 2021, up 49.4% quarter-on-quarter and 163.6% for three month period ...
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1 August
Hamriyah Free Zone, Rafid to set up integrated technical centre
Sharjah / WAM The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical centre within the free zone and provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance. In addition to promoting Sharjah’s competitive edge, the partnership agreement will also fuel the effort by both parties to upgrade ...
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1 August
CBUAE eases borrowing norms for Sheikh Zayed Housing Programme
Abu Dhabi / WAM The central bank of the UAE (CBUAE) has issued a notice to all banks and finance companies operating in the UAE on housing loans granted to beneficiaries of the Home Finance of the Sheikh Zayed Housing Programme (SZHP). The notice included details of the CBUAE decision, in agreement with SZHP and in line with Article ...
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1 August
Dewa uses AI to improve water network efficiency
Dubai / WAM Dubai Electricity and Water Authority (Dewa) has developed several innovations using artificial intelligence (AI) to improve the efficiency of operations in Dubai’s water network, monitor cyberattacks, leaks, and faults, and isolate and repair them immediately. These innovative solutions also predict malfunctions of smart meters and pumps based on sensor data, in addition to automating the notifications ...
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1 August
Sharjah to host 11 business, commercial, cultural events
Sharjah / WAM Sharjah’s exhibition and conference season will soon kick off with a wide range of major local, regional, and international events hosted and organised by the Expo Centre Sharjah during the last four months of 2022. From August 26 to January 1, 2023, Sharjah will host a total of 11 business, commercial, and cultural events that will ...
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1 August
UAE sees 1,394 new recoveries from Covid-19
ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 227,104 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...
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1 August
Museum of the Future launches ‘Future Heroes’ Summer Camp
Dubai / WAM The Museum of the Future has launched its first Future Heroes Summer Camp, full of fun, educational, and highly entertaining children’s programmes focusing on science, technology, and engineering, art, and mathematics (STEAM). Running from August 2-19, Future Heroes Summer Camp provides a unique opportunity for the imagination, curiosity, and creativity of the nation’s youth to run ...
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1 August
UK scales back $1.2b funding to help homes cut energy use
Bloomberg The UK government won’t be able to insulate as many homes as planned before winter after it scaled back a £1 billion ($1.2 billion) boost to its flagship scheme to help some of the country’s poorest households curb their energy use. A plan was dropped to double the £1 billion of funding in the so-called Energy Company Obligation after ...
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1 August
Gazprom halts gas supplies to Latvia
Bloomberg The Russian gas producer Gazprom PJSC halted supplies to Latvia, saying the Baltic nation had “violated the conditions†of its purchases. Flows were cut off, Gazprom said in a statement on Telegram, without providing details. Latvian operator Latvijas Gaze said it would continue to purchase Russian gas through an intermediary. The company said it wouldn’t be buying gas ...
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