June, 2022

• 27 June

  Dewa launches automatic smart grid restoration system

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced the launch of an Automatic Smart Grid Restoration System (ASGR), the first of its kind in the Mena region, to increase the control, management, and monitoring of its power network. The system works around the clock without any human intervention. It uses a smart, innovative, and central system ...

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• 27 June

  DHA introduces value-based healthcare program

    Dubai / WAM The Dubai Health Authority (DHA), which regulates the health insurance sector in Dubai, has launched “Ejadah” programme, the first-of-its-kind value-based healthcare model for the emirate. The value-based healthcare model will pay for performance and outcomes that matter to patients, and will assist healthcare service providers with evidence-based guidelines which will be a framework for all physicians ...

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• 27 June

  ‘Emirates Wheat’ initiative aims to produce 80 tonnes of wheat

  

    Abu Dhabi / WAM “Emirates Wheat”, which was launched in 2017, is one of the leading initiatives in the agriculture sector and involves 170 farms, representing most of the national efforts to achieve food security by producing over 80 tonnes of wheat. The national initiative, headed by farmer Humaid Obaid Al Zaabi, aims to boost the country’s wheat production, ...

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• 27 June

  Gas rises as Europe struggles to fill Russian supply gap

  

    Bloomberg European natural gas prices rise as Russia’s deep supply cuts are slowing the pace of refilling storage sites, threatening to fall short of levels required to keep homes warm in the coming winter. Benchmark futures started the week with a gain of as much as 6.9%. Buyers have found it more difficult to replace Russian gas from elsewhere ...

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• 27 June

  Cost of charging Teslas jumps by 37% in UK

  Bloomberg The cost of charging the UK’s most popular electric car, the Tesla Model 3, has jumped 37% since December along with rising electricity prices. And further hikes look likely in the months ahead. UK petrol prices surged to record levels last week, making it more than $123 to fill a standard car. But even electric vehicle drivers are feeling ...

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• 27 June

  Nato will adopt, release a new strategic concept

  

  As the leaders of the North Atlantic Treaty Organization (Nato) nations prepare to meet this week in Madrid, I’m reminded of a call I received shortly after I became supreme allied commander at the alliance in 2009. It was from Secretary General Anders Fogh Rasmussen, and with the directness for which he was famous, he said: “Jim, I want you ...

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• 27 June

  Malaysia’s talent is fleeing to Singapore

  

  Malaysia’s economy is cranking up after the pandemic. Land borders with Singapore have reopened, bringing in millions of visitors. Kuala Lumpur’s notorious traffic jams are back and shoppers are flocking to malls. The revival also has a rich irony: So many workers have left for better-paid jobs in the country’s wealthy southern neighbour that businesses are struggling to meet demand. ...

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• 27 June

  Are floating cities the answer to sea level rise?

    Thanks to climate change, sea levels are lapping up against coastal cities and communities. In an ideal world, efforts would have already been made to slow or stop the impact. The reality is that climate mitigation remains difficult, and the 40% of humanity living within 60 miles of a coast will eventually need to adapt. One option is to ...

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• 27 June

  China’s Xi sends mixed messages to investors

    A company is in distress. Its financials are in shatters. Its brand value is being questioned. The chief executive officer has a broad blueprint to revamp and he has the support of some board members. But for a complete re-branding, he needs the approval of the chairman first. This is a process that distressed assets managers are all too ...

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• 27 June

  Tencent backer Prosus to cut $134b stake to fund buyback

  

    Bloomberg Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding. Tencent erased earlier gains in Hong Kong as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The ...

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