June, 2021

• 17 June

  Emirates Steel’s headquarter receives LEED Platinum Rating

  

  Abu Dhabi / WAM Emirates Steel’s headquarter and warehouse in Musaffah Industrial Area in Abu Dhabi has received the Platinum Rating for green buildings from Leadership in Energy and Environmental Design (LEED v4) awarded by the US Green Building Council, achieving 80 and 82 points respectively. “Emirates Steel is committed to the highest standards of sustainability and efficiency in all ...

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• 17 June

  Malabar Gold & Diamonds joins Nasdaq Dubai’s Private Market

  

  Dubai / Emirates Business Malabar Investments, the international investment arm of Malabar Gold & Diamonds, one of the largest global jewellery retailer, announced that it has redomiciled the company with the Dubai International Financial Centre (DIFC) and the registration of its shares of international operations with Nasdaq Dubai’s Central Securities Depository (CSD) in a significant step that strengthens Malabar’s links ...

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• 17 June

  Children’s Museum at Louvre Abu Dhabi to reopen on Friday

  ABU DHABI / WAM Louvre Abu Dhabi’s Children’s Museum will reopen to the public on June 18 with a fantastic new exhibition that will take children on an interactive adventure of art and activities that will help them identify and explore their emotions. Combining entertainment and education for children aged four to 10, Emotions!: The New Art Adventure will feature ...

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• 17 June

  Masdar City attracts global, regional innovation giants

  

  Abu Dhabi / WAM Masdar City, the sustainable urban development in the UAE, is set to play a key role in the global green recovery from Covid-19 as it continues to add sustainability-focused innovation and technology companies. The number of companies in the city’s free zone increased 26 percent in 2020, indicating the important role of the city and its ...

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• 17 June

  Protecting environment must be a priority for int’l community: UAE

  

  NEW YORK / WAM At the UN General Assembly’s High-level dialogue on desertification, land degradation and drought, the UAE has underlined that protecting the environment must be a priority for the international community. “We only have one home, one shelter – Earth,” said Dr Abdullah Al Nuaimi, Minister of Climate Change and Environment, through a video message. “Therefore, we all ...

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• 17 June

  Abu Dhabi trials use of scanners to detect potential Covid-19 cases

  

  Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee has approved a pilot test of new scanners to identify potential Covid-19 cases at select locations in the emirate as part of efforts to further enhance the protection of public health and safety by using the most advanced technology. The state-of-the-art scanners add to existing precautionary measures, with ...

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• 17 June

  flydubai, Alhosn join hands to make travel more convenient

  

  Dubai / WAM flydubai, the Dubai-based airline, has partnered with Alhosn, becoming the first airline to collaborate with the official UAE app for contact tracing and health testing related to Covid-19, to provide passengers with digital verification of Covid-19 medical records while travelling from the UAE. All flydubai passengers can now use the Alhosn app at check-in without having to ...

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• 17 June

  Elon Musk-Jeff Bezos spat reflects bad space policy

  

  Last week, the Senate passed a measure that would allot $10 billion over five years for Nasa to develop two new lunar landers. Buried in a nearly $250 billion bill intended to boost innovation, the measure was equal to about 43% of the space agency’s total budget. Why the extravagance? On one level, it surely makes sense to build a ...

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• 16 June

  Was Alibaba a Trojan horse for HK?

  

  Alibaba Group Holding Ltd didn’t hide its frustration when turning away from Hong Kong in 2013 and choosing to list in the US instead. “The question Hong Kong must address is whether it is ready to look forward as the rest of the world passes it by,” co-founder Joe Tsai wrote in a blog post that chastised the city’s exchange ...

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• 16 June

  Are Evergrande shorts back in fashion now?

  Consider the hedge fund manager’s dilemma. If all she has is $200 million to $300 million in assets under management, she’d barely be able to afford that swanky office and the half-dozen analysts she’d need to run the operation. So she works hard to establish a track record and begins to manage, say, $2 billion to $3 billion. At that ...

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