August, 2021

• 14 August

  Sonos wins first round in patent case against Google at ITC

  

  Bloomberg Sonos Inc shares jumped as the wireless audio company came one step closer to winning a global battle with Alphabet Inc’s Google when a US trade judge found the search giant infringes five Sonos patents — a decision that could shut some Google smart home devices, phones and laptops out of the US market. US International Trade Commission Judge ...

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• 14 August

  EV-charging firm agrees to SPAC deal

  Bloomberg An electric-vehicle charging startup that powers Amazon.com Inc’s delivery vans in the UK has agreed to merge with a US blank-check firm and go public late this year. The transaction between EO Charging and First Reserve Sustainable Growth Corp will imply a combined enterprise value of $675 million, the companies said. The deal will net EO more than $150 ...

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• 12 August

  ‘Youth are the engine that drives development across all sectors’

  

  Dubai / WAM Mariam Hareb Almheiri, Minister of State for Food Security, affirmed that youth are the engine that drives development across all sectors and the main contributor to progress and development. In a statement marking the International Youth Day, Almheiri said that this year’s theme “Transforming Food Systems: Youth Innovation for Human and Planetary Health” highlights the pivotal role ...

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• 12 August

  Taqa’s H1 profit hits AED2.9b

  

  ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported a net income of AED2.9 billion for the period ended 30th June, 2021, an increase of AED2.4 billion, with a significantly higher contribution from the Oil and Gas segment and the fact that Q1 2020 was reduced by an AED1.5 billion post-tax impairment charge. Taqa, a diversified utilities and ...

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• 12 August

  Seha announces working hours during Islamic new year holiday

  ABU DHABI / WAM Abu Dhabi Health Services Company, (Seha), the UAE’s largest healthcare network, has announced its operational hours during the Islamic new year holiday, observed on August 12. Seha announced the Seha Covid-19 drive-through service centres in Abu Dhabi, Al Ain and the Northern Emirates will operate on Thursday, from 10:00 to 20:00. The SEHA Covid-19 Vaccination centres ...

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• 12 August

  Abu Dhabi’s Mubadala, BlackRock form private equity partnership

  

  NEW YORK/ ABU DHABI / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala), on Wednesday announced a significant investment into its Private Equity business led by BlackRock’s Secondaries and Liquidity Solutions group (BlackRock) and a consortium of global institutional investors. The BlackRock-led consortium’s investment was made into a portfolio of assets currently managed by Mubadala Capital, ...

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• 12 August

  UAE, South Korea keen to boost cooperation

  

  DUBAI / WAM The Ministry of Energy and Infrastructure discussed, with a South Korean delegation, ways of strengthening their cooperation in the areas of hydrogen, water desalination, infrastructure development and public transport systems, in line with Dubai’s smart city plans and efforts to exchange expertise and develop innovative energy and transport solutions. The discussion took place during a meeting between ...

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• 12 August

  Etihad Cargo records 20% rise in tonnage

  ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has reclaimed 90 percent of its pre-Covid destinations and recorded a 20 percent increase in tonnage compared to the same period in 2019, according to company’s press release. The award-winning UAE carrier currently services 72 network destinations across the Middle East, Asia, Europe, ...

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• 12 August

  Dubai’s external trade with India hits AED67b in H1 2021

  

  DUBAI / WAM Dubai Customs has announced that the volume of external trade with India reached AED 67 billion in the first half of 2021 alone, across gold, jewellery, diamonds, vehicles, telecoms, and petroleum oils, compared to AED 89 billion in 2020. “This reflects the weight and significance of Dubai as a global hub for trade and tourism relying on ...

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• 12 August

  UAE calls for protecting global and regional maritime security

  

  NEW YORK / WAM The UAE underlined its commitment to regional and international efforts to address threats to maritime navigation, the marine environment, and global trade. The UAE submitted a written statement to the United Nations Security Council for its high-level open debate on maritime security, chaired by Indian Prime Minister Narendra Modi. In light of recent threats to maritime ...

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