August, 2021

• 2 August

  European stocks reach fresh record on earnings updates

  

  Bloomberg European equities kicked off August with a bang, rising to a new record on earnings updates and easing concern about China’s regulatory crackdown. The Stoxx Europe 600 Index was up 0.6% in London, with cyclicals such as automakers and miners leading a broad advance. Banks also outperformed as HSBC Holdings Plc posted results that beat estimates. Meggitt Plc surged ...

  Read More »
• 2 August

  Abu Dhabi’s G20 signs strategic pact with US-based PharmXGen

  

  ABU DHABI / emirates Business The Emirati company “G20” signed a strategic partnership agreement with the American company PharmXGen, so that “G20” will be the exclusive agent to supply and distribute in the Middle East and North Africa the newest Rapid Antigen tests in the world. The agreement was signed by His Excellency Dr Mubarak Hamad Marzouq Al Ameri, Chairman ...

  Read More »
• 2 August

  Oil posts fourth monthly gain as demand eases virus fears

  

  Bloomberg Oil posted its fourth straight monthly gain as steady demand and tight supplies calmed concerns that a new wave of Covid-19 infections would cripple energy consumption. Futures in New York ended the week 2.6% higher. While cases of the virus’s delta variant have surged in recent weeks, mobility and other data point to strong demand in key economies that ...

  Read More »
• 2 August

  Sheikh Mohammed issues decisions on MBRSC, MBRCH

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

  Read More »
• 2 August

  UAE envoy lauds economic, trade relations with Austria

  

  VIENNA / WAM UAE Ambassador to Austria Ibrahim Salim Al Musharrakh has praised the distinguished UAE-Austria economic and trade relations, especially in tourism and aviation sectors. The ambassador’s remarks came on the occasion of the arrival of the first Etihad Airways flight to the Austrian capital Vienna and Fly Dubai flight to Salzburg Airport, the second largest airport in Austria. ...

  Read More »
• 2 August

  EGA, Gulf Extrusions ink deal for re-use of industrial by-products

  

  ABU DHABI / WAM Emirates Global Aluminium, the largest industrial company in the UAE outside the oil and gas sector, on Sunday signed an agreement with Gulf Extrusions, which is owned by the Al Ghurair Group, on the innovative reuse of industrial by-products derived from production operations, as an alternative to using raw materials. The agreement adds to the efforts ...

  Read More »
• 2 August

  RAK Properties net profit rises to AED120m in H1

  

  RAS AL KHAIMAH / WAM RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, has announced its financial results for the first half of 2021. RAK Properties continued its strong performance, with profits increasing during the first half of this year by 348 percent, reaching AED119.8 million, compared to AED26.7 million in the first half of ...

  Read More »
• 2 August

  Union Coop opens branch in Jumeirah 1

  DUBAI / WAM Union Coop, the largest consumer cooperative in the UAE, has opened its 23rd branch in the Jumeirah 1st area at a cost of AED 42 million. A part of its expansion plans, the new branch is set to be an exceptional family destination for residents and visitors of Jumeirah and the surrounding areas. Also, a promotional campaign ...

  Read More »
• 2 August

  Strategic growth of Adnoc L&S enabler of UAE energy industry

  

  ABU DHABI / WAM Adnoc Logistics and Services (Adnoc L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and Adnoc’s goal to maximise value from every barrel of oil it produces, processes, ships and ...

  Read More »
• 2 August

  Sheikh Mohammed issues decisions on MBRSC, MBRCH

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No. (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

  Read More »