June, 2021

• 8 June

  Desert Control set to launch commercial rollout of LNC

  

  Dubai / WAM Agri-tech startup Desert Control is ready to launch commercial rollout of liquid natural clay (LNC) — an innovation that turns deserts into fertile land — after joining the alumni network of in5, an enabling platform for tech, media and design entrepreneurs in Dubai. The company is the latest in5 graduate to leave the business incubator and pursue ...

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• 8 June

  10 new schools to open in Dubai

  

  DUBAI / WAM Dubai’s Knowledge and Human Development Authority (KHDA) announced today that ten new schools are set to open in Dubai in the 2021-22 academic year. An additional 14,671 new seats will be added to Dubai’s education landscape with the opening of the new schools, according to new data released by the Authority. Mohammed Darwish, CEO of Permits and ...

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• 8 June

  Air Arabia Abu Dhabi all set to start direct flights to Yerevan

  ABU DHABI / WAM Air Arabia Abu Dhabi has announced the introduction of a new service to Yerevan, the capital city of Armenia with direct flights from Abu Dhabi starting on July 13, the new route will become the airline’s 12th destination from Abu Dhabi. Around three hours flight time from the UAE, Armenia’s diverse landscape comprises mountains, forests, lakes ...

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• 8 June

  EDB partners with Rakbank to provide funding for SMEs in UAE

  

  Abu Dhabi / WAM Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memorandum of Understanding (MoU) with Rakbank on Credit Guarantee and Co-lending programmes for SMEs in the UAE. Under the agreement, Rakbank can offer up to AED10 million financing to small and medium-sized enterprises (SMEs), and ...

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• 8 June

  UAE, Kenya to bolster economic cooperation

  

  Dubai / WAM Etihad Credit Insurance (ECI) and the Kenya National Chamber of Commerce and Industry (KNCCI) have entered into a strategic partnership to boost economic cooperation between the UAE and Kenya by stimulating international trade and investment flows, as well as supporting the business communities in the two countries during the post-pandemic era. The alliance was forged in the ...

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• 8 June

  Adib, Visa to introduce UAE’s first biometric authentication

  

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) has announced it partnered with Visa to introduce the UAE’s first biometric authentication solution for e-commerce transactions. The solution leverages Visa Consumer Authentication Service to deliver a significant improvement in customer experience and reinforced data security. Visa Consumer Authentication Service aims to enhance user experience, as well as mitigate security and ...

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• 8 June

  Thai oil giant invests in plant protein to power new growth

  

  Bloomberg Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses. The oil-and-gas giant formed a 300 million baht ($9.6 million) partnership with NR Instant Produce Pcl, which specialises in making protein from jackfruit, ...

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• 8 June

  Apollo Global to buy Total Operations

  

  Bloomberg Apollo Global Management Inc has agreed to buy a majority interest in gas transportation company Total Operations and Production Services LLC. The private equity firm has reached a deal with current owner Black Bay Energy Capital to take a majority stake in the company, Apollo said in a statement. The deal values the company, known as TOPS, at less ...

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• 8 June

  Johnson’s parliamentary battles are all internal

  

  Thanks to a technicality of British parliamentary procedure, Boris Johnson has managed to avert an embarrassing showdown with lawmakers from his own party over the UK government’s budget for foreign aid. But Parliament was expected to vent on the issue on Tuesday, and plenty of other divisions are emerging within the government and the Conservatives on funding priorities. While Johnson ...

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• 8 June

  Covid ‘misinformation’ on social media

  

  Labelling misinformation online is doing more harm than good. The possibility that Covid-19 came from a lab accident is just the latest example. Social media companies tried to suppress any discussion of it for months. But why? There’s no strong evidence against it, and evidence for other theories is still inconclusive. Pathogens have escaped from labs many times, and people ...

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