August, 2021

• 8 August

  Dubai Customs’ transactions grow 53% to 11m in H1 2020

  

  DUBAI / WAM Dubai showed quick recovery from the repercussions of Covid-19 in different economic sectors thanks to the resilient strategies and plans the emirate followed in the face of the pandemic, and the dynamic and wise initiatives directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The trade sector continued ...

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• 8 August

  Abu Dhabi Ports improves gas network in ICAD

  

  ABU DHABI / WAM Abu Dhabi Ports on Saturday announced that it has embarked on a wide-ranging network service upgrade across ZonesCorp, part of the Industrial Cities & Free Zone Cluster of Abu Dhabi Ports, to ensure non-stop gas supply to its customers. The system modernisation will take place over the next several months as part of a continuous comprehensive ...

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• 8 August

  AD Police issues 27,076 ‘violations’ in H1 2021

  

  ABU DHABI / WAM The Traffic and Patrols Directorate of the Abu Dhabi Police (ADP) has recorded 27,076 distracted driving violations during the first half of 2021. According to statistics and analytical studies, distracted driving is among the most dangerous offenses, as it may lead to serious injuries and even cost lives. The Directorate stressed the importance of maintaining focus ...

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• 8 August

  UAE real estate surpasses international ones in terms of appeal and returns: Khalifa Almehairbi

  

  ABU DHABI / Emirates Business Khalifa Saif Almehairbi, Chairman of the Board of Directors of Arabian Gulf Investments Company, confirmed that the UAE real estate sector has proven its strength, position and ability to recover quickly, in conjunction with the high demand for the purchase of housing units and lands in various parts of the country, so that UAE real ...

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• 8 August

  Dubai hotel sector gearing up to welcome Expo visitors

  

  DUBAI / WAM Dubai’s hotel sector is gearing up for Expo 2020 Dubai, the world’s largest and most impactful event ever to take place in the Middle East, Africa and South Asia (MEASA) region, from October 01, 2021, to March 31, 2022, while recovery from the Covid-19 is gaining momentum globally and the UAE is getting ready to celebrate its ...

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• 8 August

  Who will win Metaverse? Zuckerberg or Facebook!

  

  Did you hear? Facebook Inc is going to become a metaverse company. At least that’s the story its management wants everyone to believe after a flurry of interviews and announcements over the past couple of weeks. It’s a narrative that seeks to put the social-media giant at the leading edge of one of the most audacious concepts in tech. I’m ...

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• 8 August

  Myanmar faces worst Covid crisis

  

  It’s hard to find logic in the actions of a leadership that attacks doctors and nurses at the height of a pandemic. And yet that’s happening in Myanmar. In response to civil disobedience by medical staff after a military coup in February, soldiers have hijacked ambulances, arrested personnel and confiscated equipment. In a collapsing state, it’s helping to accelerate a ...

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• 8 August

  Jobs report leaves Fed with nowhere to hide

  The Federal Reserve and Chair Jerome Powell have come under fire the last couple of months for seemingly ignoring the spike in inflation. The latest salvo came, when Senator Joe Manchin, the West Virginia Democrat, urged Powell to start pulling back on the Fed’s $120 billion in monthly bond purchases aimed at providing stimulus. Failing to do so “will lead ...

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• 8 August

  Biden’s electric vehicles target is all about drive

  A certain school of thought holds long-term targets as meaningless, as the people making them will no longer be in their job by the time they are proved right or wrong. That’s especially the case for a two-term limited US president. But when it comes to Joe Biden and electric vehicles, it hardly matters whether his new target for 2030 ...

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• 8 August

  Airbus A321 delays flare as planemaker begins ramp up

  

  Bloomberg Airbus SE has encountered issues with the production of its flagship narrow-body model, just as it begins ramping up jetliner build rates following coronavirus lockdowns. Customer Air Lease Corp said on an analyst call that some A321neo handovers due this year have been pushed back as Airbus struggles with pandemic and supply-chain issues. The lessor added in a filing ...

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