May, 2022

• 22 May

  Apple shows headset to board in sign of progress on key project

  

    Bloomberg Apple Inc executives previewed its upcoming mixed-reality headset to the company’s board, indicating that development of the device has reached an advanced stage. The company’s board, made up of eight independent directors and Apple Chief Executive Officer Tim Cook, convenes at least four times a year. A version of the device was demonstrated to the directors during the ...

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• 22 May

  Google creates wallet app for credit cards, tickets, car keys

  

    Bloomberg Alphabet Inc’s Google will let consumers store and use credit cards, event tickets and car keys in a new Wallet app that it’s separating from its long-time Pay app. Consumers in the US and Singapore will have access to both apps, with Pay used for financial management and transferring money to friends or family, while in 39 other ...

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• 22 May

  Harley-Davidson halts operations

  Bloomberg Harley-Davidson Inc has told investors privately it will be able to make up for lost production later this year after halting operations because of a problem with a supplier part. The motorcycle maker tumbled after saying it would halt almost all assembly and shipments for two weeks because of a “regulatory compliance matter” with a part from one of ...

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• 21 May

  Oil heads for weekly gain as fuel demand drives outlook

  

    Bloomberg Oil headed for a fourth straight weekly gain as optimism about the outlook for demand eclipsed concerns about tighter monetary policy and an economic slowdown that have combined to roil wider financial markets. West Texas Intermediate futures traded near $112 a barrel, and are heading for the best run of weekly increases since mid-February. Prices has been pushed ...

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• 21 May

  UAE leaders wish Cameroon president on National Day

    ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Paul Biya of Cameroon on his country’s National Day, which is marked on May 20. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent similar message to ...

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• 21 May

  Dubai sees AED7.2b in week-long realty deals

  

    Dubai / WAM A total of 2,043 real estate transactions worth AED7.2 billion were conducted during the week ending May 20, according to figures released by the Dubai Land Department. A total of 228 plots were sold for AED1.14 billion, 1,328 apartments and villas were sold for AED3.58 billion. The top three transactions were a land in Hadaeq Sheikh ...

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• 21 May

  Mohammed Bin Rashid Space Centre, EGA explore use of aluminium in space

  

    Dubai / WAM A delegation from the Mohammed bin Rashid Space Centre (MBRSC), led by Director-General Salem Al Marri, has visited Emirates Global Aluminium (EGA) to explore potential collaboration in research and the use of EGA’s UAE-made aluminium in space. Al Marri was received at EGA’s Jebel Ali site in Dubai by Chief Executive Officer Abdulnasser bin Kalban, and ...

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• 21 May

  Australian businesses in UAE see six-fold growth

  

    Abu Dhabi / WAM Australia-UAE relations have witnessed tremendous growth since the country’s diplomatic mission was opened here in 2004, with Australian businesses growing sixfold and Australians living in the Emirates almost fourfold, Australia’s Governor-General David Hurley told the Emirates News Agency (WAM). “Australia had a diplomatic presence in the UAE since 2004. Since then, until 2022, diplomatic relationship ...

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• 21 May

  DP World wins global accolade

    DUBAI / WAM DP World has won an important award from the International Association of Ports and Harbors (IAPH), recognising its work to plant new mangrove forests around the Guayaquil port in Ecuador. DP World Posorja, which operates the port, earned first place in the Climate and Energy category for its ‘Sembrando Vida’ mangrove project, competing alongside 237 schemes ...

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• 21 May

  Sheikh Mohamed would make UAE global technology leader: Hurley

  

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan would make the UAE a global technology leader, Australia’s Governor-General David Hurley told the Emirates News Agency (WAM), adding that “Australia would be part and parcel of that progress.” “I think the most important thing we will see in his (His Highness Sheikh Mohamed’s) term as ...

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