July, 2021

• 7 July

  DMCC registers 1,230 companies in H1 2021

  

  Dubai / WAM The Dubai free zone DMCC has welcomed 1,230 new member companies in the first half of 2021, the best 6-month performance since 2013. This builds on free zone’s strong performance in 2020, during which it attracted 2,025 new businesses supported by DMCC’s relief packages offered during the global pandemic. “We have carried over the record-breaking performance of ...

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• 7 July

  Nasdaq Dubai welcomes listing of $750 million bond by EDB

  

  Dubai / WAM Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), on Tuesday rang Nasdaq Dubai’s market-opening bell to celebrate the listing of a $750 million bond. The listing announcement event was attended by Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of Dubai Financial Market (DFM), as well as senior executives from both sides. Al Naqbi ...

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• 7 July

  EGA’s GAC opens $1mn vocational training centre

  DUBAI / WAM Emirates Global Aluminium (EGA) on Tuesday announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has opened a US$1 million vocational training centre to create opportunities for young Guineans. The Advanced Automotive Training Centre, located in the town of Boké near GAC’s bauxite mining concession, will provide year-long courses in advanced light vehicle mechanics. The project was ...

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• 7 July

  Dewa completes 81.22% of Nakhali water reservoir

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 81.22 percent of the Nakhali water reservoir, which has a storage capacity of 120 million imperial gallons (MIG). With investments totalling AED 287.8 million, the project is expected to be completed by the end of the third quarter of 2021. “We work in line with the vision and directives ...

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• 7 July

  Sheikh Mohamed named ‘Man of Humanity’ by Vatican foundation

  

  ABU DHABI / WAM The Vatican’s Foundation Gravissimum Educationis has granted the ‘Man of Humanity’ Award to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Award was received by Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, on behalf of His Highness ...

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• 7 July

  Abu Dhabi implements region’s first self-driving port truck system

  

  Abu Dhabi / WAM CSP Abu Dhabi container terminal, the first greenfield project of Cosco Shipping Ports Limited (CSP) operating within Abu Dhabi Ports’ flagship deep-water port Khalifa Port, has announced its terminal will be the first in the Middle East to implement an autonomous port truck system. Following a two-month trial period, a total of six electric Q-Trucks will ...

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• 7 July

  Covid-19: Abu Dhabi announces new home quarantine guidelines

  

  ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disasters Committee, in collaboration with Abu Dhabi Public Health Centre, has updated the home quarantine guidelines for those in contact with a positive case, to protect the health and safety of all community members. Those vaccinated must quarantine for seven days and take a PCR test on day 6. If the ...

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• 7 July

  World Future Energy Summit inks key stakeholder deals

  

  Abu Dhabi / WAM World Future Energy Summit, part of Abu Dhabi Sustainability Week, has signed key stakeholder agreements with the Ministry of Energy and Infrastructure, Bee’ah and EDF Renewables. The event, which provides a platform to showcase clean energy and sustainable projects, initiatives and developments for the Middle East – will be held in Abu Dhabi’s National Exhibition Centre ...

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• 7 July

  The UK is an undefended, open goal for buyouts

  

  The buyout industry’s controversial shopping trip in the UK has probably only just begun. Agreeable boards, short-termist stock market investors and a testy antitrust regime are tilting the playing field. Around half of UK takeovers of more than $1 billion have been private equity-led over the last year. The offer for Wm Morrison Supermarkets Plc, worth $13 billion including assumed ...

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• 7 July

  American cities are at a crossroads

  

  When we envision our future, we often think in terms of technology, culture and geopolitics. All of that determines both our lifestyle and the kinds of cities we build. US cities have arrived at a crossroads. Explosive growth in the South and Southwest, heightened awareness of inequality, an aging population and technology that redefines transportation and buildings are changing priorities ...

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