April, 2021

• 27 April

  Dubai Police plan foolproof security for Expo 2020

  Dubai / WAM The Dubai Police General Command, in cooperation with partners at local and national levels, has recently organised a meeting for liaisons officers in the country to review security plans, scenarios, and procedures for the upcoming Expo 2020, and to check the readiness of teams and committees involved. The meeting, which was held at Dubai Police Officers Club, ...

  Read More »
• 27 April

  Inspections of hazardous material in Abu Dhabi facilities complete

  

  Abu Dhabi / WAM The implementation team of the Hazardous Materials Monitoring Programme in Abu Dhabi has completed the inventory and classification of hazardous materials. They have checked the preventive and safety measures in the stores selling hazardous materials and taken appropriate corrective measures. The team was led by Brigadier Humaid Saeed Alefreet, Deputy Director of Security and Ports Affairs ...

  Read More »
• 27 April

  UAE sends food aid to Mauritania

  

  Abu Dhabi / WAM The UAE on Monday sent an aid plane containing 49 metric tons of food to Mauritania as part of its humanitarian initiatives during the Holy Month of Ramadan to assist those facing humanitarian challenges resulting from the Covid-19 pandemic. Hamad Ghanem Al Mehairi, UAE Ambassador to the Islamic Republic of Mauritania, said, “The UAE constantly seeks ...

  Read More »
• 27 April

  Hamriyah Free Zone remains first choice for foreign investments

  

  Sharjah / WAM The Hamriyah Free Zone (HFZA)-based Awail Al-Sham, owner of the Al Awail brand for prayer times clock and other innovative e-products, has announced that its products have become available in 100 markets worldwide, as opposed to 50 markets in 2013, the year in which the company has opted for the HFZA as its new headquarters, achieving a ...

  Read More »
• 27 April

  SK’s EV battery material unit’s Seoul IPO fetches $2 billion

  

  Bloomberg South Korean energy supplier SK Innovation Co and SK IE Technology Co have raised 2.25 trillion won ($2 billion) in the battery material unit’s initial public offering, the country’s biggest in four years. SK IE Technology has priced the offering at 105,000 won per share, the top of a marketed range, according to an exchange statement. The portion for ...

  Read More »
• 27 April

  Copper hits highest since 2011 on global recovery

  

  Bloomberg Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets. Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce programs to build back greener from the ...

  Read More »
• 27 April

  Total suspends its Mozambique LNG on temporary basis

  

  Bloomberg French energy giant Total SE suspended its $20 billion liquefied natural gas project in Mozambique indefinitely due to an escalation of violence in the area, including a March attack by IS-linked extremists. The decision is a blow to Total, which bought an operating stake in the project for $3.9 billion in 2019, hoping to start exporting the super-chilled fuel ...

  Read More »
• 27 April

  Global vaccine crisis is a test of capitalism

  

  The 2008 crash tested financial globalisation. In 2020, the chaos of the early months of the Covid-19 pandemic led many to question the world’s dependence on complex global supply chains. These last few months, however, as vaccination programmes have taken off in some parts of the world and stalled in others, have raised even deeper doubts about globalisation and the ...

  Read More »
• 27 April

  Savings soar during pandemic

  

  Savings have soared during the pandemic, particular among older Europeans. Barclays Plc estimates that seniors amassed excess savings of 600 billion euros ($722 billion). This would surely provide a boost to Europe’s economy if unleashed upon the high streets. Yet most observers believe much of the cash will remain unspent. What’s behind this hoarding? The region’s negative interest rates are ...

  Read More »
• 27 April

  UK’s Johnson is fighting two big political fires

  Prime Minister Boris Johnson is fighting (at least) two big political fires. They may not substantially impact the Conservative Party’s fortunes at the May 6 local elections, but these blazes suck oxygen from policy making, undermine public trust and distract from attempts to rebuild and rebalance the British economy as it emerges from the pandemic. What’s worse, the harm to ...

  Read More »