July, 2021

• 15 July

  Abu Dhabi fund okays $15m for road project in Rwanda

  

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) signed a loan agreement with the Government of Rwanda to provide an AED 55 million ($15 million) concessionary loan to finance the Rubengera-Muhanga road project, which stretches across 61 kilometres. The loan agreement was signed by Mohammed Saif Al Suwaidi, Director-General of ADFD, and Emmanuel Hategeka, Rwanda’s Ambassador to the ...

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• 15 July

  Enoc to roll out world’s first ‘eLink’ stations

  

  Dubai / WAM Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc group, on Wednesday announced its plans to roll out its new and world-first eLink Station across the UAE. The eLink Station is a mobile fuelling format that will enable motorists and customers easy access and convenient fuelling services. It is designed to ...

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• 15 July

  Mubadala’s Yahsat starts trading on ADX

  Abu Dhabi / Emirates Business Al Yah Satellite Communications Company (Yahsat), a leading satellite communications services provider, on Wednesday announces the official listing of its shares and the commencement of trading on the Abu Dhabi Securities Exchange (ADX), following the successful completion of its initial public offering (the “IPO” or the “Offering”). The company is now traded under the ticker ...

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• 15 July

  Adnec acquires DoubleTree By Hilton London ExCel

  

  Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (Adnec), part of ADQ, has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel. The announcement comes in line with Adnec’s long term investment strategy aimed at diversifying its business across the Group and achieving optimal integration of its assets through diversified economic sectors. The addition ...

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• 15 July

  Private jet flights at VIP terminal in Dubai South rises 346% in 2021

  

  Dubai / WAM Mohammed bin Rashid Aerospace Hub (MBRAH), based in Dubai South, announced that private-jet movements continued their impressive growth in 2021, with more than a 346 percent increase in H1 2021, reaching 8,088 compared to 1,811 in H1 2020 and 3,056 in H1 2019. The top four destinations that contributed to the increase during H1 2021 were Russia, ...

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• 15 July

  Emirates expects another busy weekend ahead

  

  Dubai / WAM Emirates is expecting high passenger volumes to pass through Terminal 3 at Dubai International this weekend, July 16-17, as traveller numbers reach among their highest levels since the pandemic began. With added safety measures and Covid-19 travel requirement checks in place, travellers may encounter longer than expected waiting times at Emirates check-in counters. Customers starting their journey ...

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• 15 July

  UAE, Vatican ink deal to boost cooperation in education sector

  

  ABU DHABI / WAM The Ministry of Education signed a Memorandum of Understanding (MoU) with the Congregation for Catholic Education at the Holy See, Vatican, to strengthen their cooperation in education. The MoU was signed by Hussain bin Ibrahim Al Hammadi, Minister of Education, and Cardinal Cardinal Giuseppe Versaldi, Prefect of the Congregation for Catholic Education and President of Pontifical ...

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• 15 July

  Enoc to roll out world’s first ‘eLink’ stations in UAE

  

  Dubai / WAM Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc group, on Wednesday announced its plans to roll out its new and world-first eLink Station across the UAE. The eLink Station is a mobile fuelling format that will enable motorists and customers easy access and convenient fuelling services. It is designed to ...

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• 15 July

  Joe Biden’s voting rights bluster recycles failed plan

  

  President Joe Biden says the US is facing a crisis of democracy, but he’s not acting as though he believes it. In a speech in Philadelphia, Biden said that the voting system is threatened as it has not been since the Civil War. His recommended solution is to pass legislation that has been known for months to be dead in ...

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• 15 July

  Crypto revolution will not be public

  

  A revolution is pending in finance, and the world is only beginning to realise the transformations it is likely to bring. Financial institutions will have to take a radically different approach to information technology just to stay in business. Bullish Global, a crypto firm, is planning to go public this year, with an expected valuation of $9 billion. Circle Internet ...

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