June, 2021

• 7 June

  Emaar sales jump 250% in first 5 months of 2021

  

  Dubai / Emirates Business Emaar Properties saw property sales in Dubai surge by 250 percent in the first five months of 2021, compared to the same period last year. Total property sales to date reached AED10.5 billion, against AED3 billion in the same period last year. The company is forecasting even higher growth for H1 2021. Commenting on the figures, ...

  Read More »
• 7 June

  UAE financial markets see AED1.4bn deals in one day

  

  Abu Dhabi / WAM Over AED1.4 billion transactions were struck on UAE financial markets on Sunday, pushing the Abu Dhabi main share index 0.26 percent up to 6623 pts, compared to the last trading session, with the Dubai main index following suit at 2820 pts. The International Holding Company led the best performing shares with over AED683 million in trades, ...

  Read More »
• 7 June

  Dubai’s electricity capacity reaches 12,900 megawatts

  

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that its installed capacity has reached 12,900 megawatts (MW) of electricity and 490 million imperial gallons of desalinated water per day (MIGD) thanks to its state-of-the-art infrastructure, innovation and planning. In comparison with the 1990s, which witnessed the merger of the Dubai Electricity Company and the Dubai Water Department and ...

  Read More »
• 7 June

  Enoc opens two more service stations in Sharjah

  

  Dubai / WAM Enoc group opened two new service stations in Sharjah, bringing the total number of Enoc’s service stations to nine in Sharjah and 155 across the UAE. Located in Al Rahmaniya residential area on the E611, both service stations are part of a larger plan to construct 12 new stations in Sharjah by the end of the year ...

  Read More »
• 7 June

  UAE signs pacts with Bangladesh, Somalia to combat financial crimes

  

  Abu Dhabi / WAM The Financial Intelligence Unit of the United Arab Emirates (UAE FIU) signed two separate Memoranda of Understanding (MoUs) with the Bangladesh Financial Intelligence Unit (BFIU) and the Financial Reporting Centre (FRC) of the Federal Republic of Somalia in line with international efforts to exchange financial information and expertise, as well as collaborate with relevant authorities and ...

  Read More »
• 7 June

  UAE sees 1,842 new recoveries from Covid-19

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 231,928 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

  Read More »
• 7 June

  UAE expanded clean energy sector in record time, says Sharif Al Olama

  

  ABU DHABI / WAM Sharif Salim Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure, stated that the UAE has expanded its clean energy sector in record time due to its laws and legislation that encourage investment in current developments and future projects. The country also drafted ambitious future goals, through the launch of the National Energy Strategy 2050, ...

  Read More »
• 7 June

  EAD sees 22% rise in number of Arabian Oryx in protected area

  

  Abu Dhabi / WAM Environment Agency – Abu Dhabi (EAD) has recorded a 22 percent increase in the number of Oryx in the protected area, in comparison to previous studies. EAD conducted an aerial survey for the Arabian Oryx Protected Area, last November, confirming the success of the Sheikh Mohamed bin Zayed Arabian Oryx Reintroduction Programme which was launched in ...

  Read More »
• 7 June

  Orsted unveils $57b strategy to be top green super major

  

  Bloomberg Orsted A/S, the biggest developer of offshore wind farms, plans to spend 350 billion Danish kroner ($57 billion) by 2027 to be the world’s leading green energy provider. The Danish firm faces increasing pressure from utilities as well as oil majors that aim to be major players in the transition to clean energy, an area it pioneered when it ...

  Read More »
• 7 June

  Russian oil giant warns of oil shortage

  

  Bloomberg Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers channel funds into a “hasty” energy transition. “The world risks a severe deficit of oil and gas,” Rosneft CEO Igor Sechin said at the St Petersburg International Economic Forum. “The world consumes oil, but isn’t ready to invest in it.” His comments echo those ...

  Read More »