July, 2022

• 14 July

  Dewa completes digital integration of more than 70 projects

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the digital integration of more than 70 projects with government and private organisations. Through this step, Dewa makes it easier to get a wide range of services, including bill payment, information updates, activation of electricity/water (Move-in), housing fees adjustment, refunds, updating trade license and others. Saeed Mohammed Al ...

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• 14 July

  Sharjah Chamber sees 31% increase in new members

  

    Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has reported a significant expansion in its operational activities over the past month compared to the same period last year. The overall number of new and renewed members increased by 13 percent to 6,162 in June. This includes 5,448 renewed memberships, an increase of 11 percent. According to ...

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• 14 July

  ITC issues 25,311 traffic detour permits

    ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi announced that the number of permits for traffic detours issued in the emirate from January till the end of May this year, increased to 6,169 compared with 5,974 permits issued in the corresponding period of 2021, bringing the total ...

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• 14 July

  UAE, Israeli health bodies ink deal for joint medical research

  

    Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) has signed an agreement with Kahn-Sagol-Maccabi (KSM), the research and innovation centre of Israel’s Maccabi Healthcare Services, to promote joint medical research and technological innovation. The agreement – signed in Abu Dhabi – will also support the Emirate’s goal of building a genomic research registry to optimise clinical ...

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• 14 July

  UK’s Sunak is lonely Tory defending fiscal restraint

  

  As the race to succeed Boris Johnson as leader of the UK Conservative Party and British prime minister heats up, the sole candidate not promising tax cuts needs to stick to his fiscal guns. Rishi Sunak, the former chancellor of the exchequer, is the current frontrunner. He faces a tough fight, though, with all of the other candidates pledging to ...

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• 14 July

  The race is on to fight a cyber threat

  

  The cybersecurity community was set alight by the announcement of new cryptographic algorithms designed to protect our digital futures. Now the race is on to roll out software and hardware that will secure computers against a threat that still only exists in theory. After a six-year search, the US Commerce Department’s National Institute of Standards and Technology announced it had ...

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• 14 July

  Private equity targets a risky stagflation bet

    While leveraged buyouts struggle, one corner of private equity just keeps on going — the pursuit of infrastructure assets such as airports, gas pipelines and broadband networks. Combine strong demand for these inflation-proof businesses with rising borrowing costs, and the risk of overpaying for deals is rising. The Italian billionaire Benetton family and Blackstone Inc clinched an agreement to ...

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• 14 July

  Fed is not falling into emerging markets trap

    In recent months, the Federal Reserve has taken a lot of heat from asset managers for letting inflation run out of control and now risking a recession with rapid rate hikes. The chorus of complaints revolves around its perception in the marketplace. “If the Fed doesn’t do its job, the market will,” wrote Bill Ackman, founder of Pershing Square ...

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• 14 July

  Heathrow asks airlines to stop selling seats to ease flight chaos

  

  Bloomberg London Heathrow is imposing a two-month cap on daily passenger traffic to contain flight chaos, a dramatic response by the UK’s busiest airport to address the struggle with surging demand for travel. The airport will limit daily passenger traffic to 100,000 departing people through September 11, asking carriers to refrain from selling summer tickets. Current forecasts are modeling for ...

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• 13 July

  Air France-KLM scraps flights in union dispute

  

  Bloomberg Air France-KLM’s French low-cost carrier, Transavia, cancelled 15% of flights amid a dispute with cabin crew, exacerbating the chaos engulfing European air travel. Dozens of the company’s flights from Paris-Orly airport were not operating, according to the SNPNC union, which had called for strike action over wages. The labour group refused to sign a deal agreed to with other ...

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