June, 2021

• 30 June

  RAK Ports, global oil & shipping group Monjasa finalise new deal

  

  RAS AL KHAIMAH / WAM RAK Ports has signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With ...

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• 30 June

  Boeing prepares safety measures for 737 jets

  

  Bloomberg Boeing Co is finalising a set of three safety enhancements to the engines on its popular 737 Next Generation models to prevent debris from escaping during a failure, according to US regulators. The Federal Aviation Administration (FAA) outlined the fixes in a letter to the National Transportation Safety Board (NTSB). The NTSB had recommended improvements in the engine designs ...

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• 30 June

  RTA wins global award for ‘rail maintenance’

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has won the Best International Innovation Award in the field of Rails Infrastructure Maintenance Management System (RIMMS). The award is part of the Global Business Awards presented by the UK-based Awards Intelligence Ltd, a specialist in evaluating innovative services in large and medium enterprises as well as start-ups. RTA’s winning of ...

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• 30 June

  RAK Ports, global oil and shipping group Monjasa finalise new deal

  

  Ras Al Khaimah / WAM RAK Ports signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With recent ...

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• 30 June

  Dubai poised for rapid contactless economy growth

  

  Dubai / WAM The global contactless economy is booming, and companies based in Dubai Internet City (DIC) are playing an integral role in positioning Dubai as an incubator and exporter of innovative contactless technologies that have gained new importance as consumers move away from cash. Contactless services are seeing a steep rise in demand due to better user experiences and ...

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• 30 June

  AUS, Ajman Transport Authority sign deal

  

  SHARJAH / WAM The American University of Sharjah (AUS) has signed a Memorandum of Understanding (MoU) with the Ajman Transport Authority to enhance and facilitate collaboration between the two entities. Held virtually, the signing ceremony was attended by senior officials from both organisations, including AUS Chancellor Prof. Kevin Mitchell and Omar Mohammed Rashid Lootah, Director-General of the Ajman Transport Authority. ...

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• 30 June

  Nadaq Dubai lists $600m sukuk by Kuwait’s AUB

  

  Dubai / WAM Abdullah AlLanqawi, General Manager and Treasurer of Ahli United Bank (AUB) Kuwait, on Tuesday rang the Nasdaq Dubai market opening bell to celebrate the listing of a $600 million sukuk issued by the bank. The new listing has increased the total value of debt issuances listed on Nasdaq Dubai by Kuwaiti issuers to $1.51 billion. It has ...

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• 30 June

  Emirates transports 100 tonnes of Covid-19 relief cargo to India

  Dubai / WAM Emirates SkyCargo flew 100 tonnes of relief materials free of charge from Dubai to India during a three week period in May 2021 to support the Indian community to battle the second wave of the Covid-19 pandemic. Under the Emirates India Humanitarian Airbridge, Emirates donated cargo capacity to transport essential supplies such as relief tents and thousands ...

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• 30 June

  All together now: ‘Tighter policy isn’t tight policy’

  

  The shift under way in global monetary policy is more subtle evolution than revolution. For all the talk about a pivot toward higher interest rates, conditions are likely to remain relatively lax for years to come in the economies that matter most. Central banks are unlikely to engage in new aggressive approaches to spurring growth and buttressing markets; the global ...

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• 30 June

  Is it an ‘all-clear’ ruling for Facebook?

  

  Facebook Inc investors celebrated the social media giant’s court victory in two major antitrust lawsuits by driving the company’s market value above $1 trillion for the first time. But a closer look at the judge’s decision reveals it may just delay the eventual reckoning. It is not an “all-clear” ruling. US District Judge James Boasberg granted Facebook’s request to dismiss ...

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