June, 2022

• 2 June

  Dubai South, IHC sign deal

  Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday announced that it signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a ...

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• 2 June

  Mubadala Petroleum reaches half a million boed milestone

  

    Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced it had reached half a million Barrels of Oil Equivalent a Day (boed) for the first time in its history. This achievement further establishes the company as a strategic player in the international energy sector and marks a 22 percent increase in production from 2021. The landmark was reached following ...

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• 2 June

  ‘Baseus’ opens its new showroom in Dubai

  

    Dubai /Gulf Time The well known 3C Digital Accessories brand ‘Baseus’ has launched its new-and the largest-boutique store in the Middle East at Salah Al Din Street, Dubai. The store is conveniently located right opposite Abu Baker Siddique Metro Stn. Spanning over 5000 square feet, the store showcases an extensive range of the Baseus mobile accessories with over 2000 ...

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• 2 June

  EGA’s ‘Engineer the Future’ programme returns

    ABU DHABI / WAM Emirates Global Aluminium (EGA) on Wednesday announced the return of “Engineer the Future”, a programme in partnership with Emirates Schools Establishment (ESE) that inspires schoolchildren in grades nine to 12 to pursue further learning and future careers in science, technology, engineering and mathematics (Stem). “Engineer the Future” sessions are delivered by enthusiastic Stem facilitators and ...

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• 2 June

  Adib sees 40% rise in its digital banking channels usage

  

    ABU DHABI / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading financial institution, has announced that it has registered a significant increase in its digital banking channels usage during the first quarter of 2022. According to Adib, 40% of customers’ personal finance applications are now taking place digitally on its mobile app, up from 30% in Q1 last ...

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• 2 June

  ADFD strengthens employment opportunities for UAE graduates

  

    Dubai / WAM Abu Dhabi Fund for Development (ADFD) has launched the Tamkeen programme for vocational training to support the UAE’s effort to build a knowledge economy by investing in skill development of Emiratis. Supervised by experts and specialists from ADFD, the training covers diverse areas such as investment, project management, financial affairs, internal auditing, information technology, media and ...

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• 2 June

  Dubai South, IHC sign deal to facilitate smart operational solutions

  

    Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a secure network ...

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• 2 June

  Is breaking up Russia only way to end its imperialism?

  

  Vladimir Putin’s attack on Ukraine showed the world that a resurgent Russia means, of necessity, an imperialist Russia. And it revived discussions about whether Russia needs to be “decolonised,” or perhaps “defederalised,” to bury its imperialist ambitions and subdue its military threat. A breakup of today’s Russia, similar to the dissolution of the Soviet Union, is seen as a possible, ...

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• 2 June

  Prudential’s lesson for HSBC activists

  

  For activist investors, the quick route to big profits is often plotted through demands to break up a company. The idea is simple: The parts would be worth more alone than together. HSBC Holdings Plc is facing such a call right now from its biggest shareholder, Chinese insurer Ping An Insurance Group of China Ltd. The pitch is that its ...

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• 2 June

  S’pore landlords don’t fear global economy

    Singapore’s small and highly open economy won’t escape the combined weight of the Ukraine war, supply-chain snarls, China’s Covid-19 lockdowns and a pickup in global inflation. But institutional landlords in the Asian city-state have reasons to be optimistic. Even if GDP grows this year at the lower end of the 3% to 5% official forecast, real estate investment trusts ...

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