August, 2021

• 17 August

  SRTI Park boosts its position as regional hub for start-ups

  Sharjah / WAM More than 750 individual and company start-ups from around the world have joined the Sharjah Advanced Industry Accelerator 2.0 (SAIA), organised by the Sharjah Research Technology and Innovation Park (SRTI Park). The second edition of the accelerator programme is in line with Industry 4.0 and the UAE’s industrial strategy “Operation 300bn”, a 10-year comprehensive policy to empower ...

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• 17 August

  Dewa wins 24 local, regional and international awards in H1 of 2021

  

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) received 24 local, regional, and international awards in the first half of 2021 following the work approach of the Government of Dubai. Dewa’s Jebel Ali Power Generation and Water Production Complex has been confirmed by Guinness World Records as the largest single-site natural gas power generation facility in the world. ...

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• 17 August

  RTA: Half of Dubai Taxi fleet comprises hybrid vehicles

  Dubai / WAM The total number of hybrid/electric taxis and limousines in Dubai amounted to 4,683 in 2020, Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), revealed. Of these, 4,510 are hybrid taxis (about 50 percent of Dubai Taxi fleet), and 173 others are electric/hybrid limos of the Dubai ...

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• 17 August

  New start for DWTC to welcome UAE’s 50th anniversary

  

  DUBAI / WAM The Dubai World Trade Centre (DWTC) has played a major role in diversifying Dubai’s economy and has worked to create a broader economic impact, cementing Dubai’s position as a global centre for trade and business tourism. The centre, which was established in 1979, introduces the region to international exhibitions and conferences industry and has become the vibrant ...

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• 17 August

  As Kabul falls, academic dreams of many cut short

  

  As the Taliban entered the Afghan capital of Kabul, university lecturers gathered their female students for some final goodbyes. Telling the shocked young women “we may not meet again,” the lecturers, along with everyone else, were evacuated, and the universities, along with schools, offices and shops, were shuttered. I spoke by phone with Aisha Khurram, one of those students whose ...

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• 17 August

  What will you sacrifice for ‘climate’?

  

  Ours is a populist age, dominated not only by the anti-elitist posturing of Donald Trump and the Republican Party but also by a resurgent left that views “billionaire” as a dirty word. Many of our most profound problems, however, originate not in the pathologies of a narrow ruling class but among the broad mass of humanity. A powerful reminder came ...

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• 17 August

  Hedge funds demand SPAC money back

  Last month, Atlas Crest Investment Corp, a blank-check firm created by investment banker Ken Moelis, spectacularly lopped $1 billion off the enterprise value off its $2.7 billion deal with flying taxi company Archer Aviation. Several factors contributed to this reset, including an intellectual property dispute with a rival and the fact Archer has yet to finish developing a fully operational ...

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• 17 August

  ‘I don’t want my pension funding UK’s big bang’

  The UK government is calling on the nation’s pension funds to participate in an “investment big bang” by allocating more capital to domestic and long-term illiquid investments. It’s a proposal that’s short on detail and fraught with difficulties, and one that pension fund trustees should treat with an abundance of caution. Prime Minister Boris Johnson and Chancellor of the Exchequer ...

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• 17 August

  Tesla-loving Norwegians refuse to cut their oil addiction

  

  Bloomberg Norwegians own more electric cars per capita than anyone else on the planet. But their obsession with Teslas has done little to persuade the nation that there’s a future without oil. According to a weekend poll, 55% of voters in western Europe’s biggest oil producer want exploration to continue. The results come as Norway prepares for general elections next ...

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• 17 August

  BHP nears oil, gas exit over climate scrutiny

  Bloomberg BHP Group is in talks over a potential merger of its oil and gas unit with Woodside Petroleum Ltd to accelerate a retreat from fossil fuels amid increasing pressure to curb emissions. Options being discussed include a distribution of Woodside shares to BHP holders to allow the Australian energy firm to add operations spanning Australia to the Gulf of ...

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