May, 2021

• 4 May

  Yas Island to have 3-day fireworks extravaganza

  

  ABU DHABI / WAM Yas Island, Abu Dhabi’s premier leisure and entertainment hub, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), will mark the occasion of Eid al-Fitr with a series of spectacular fireworks displays. Taking place over three nights from the first day of Eid, Yas Island will livestream the vibrant fireworks, ...

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• 4 May

  Fujairah’s population up to 292,358 in 2020

  

  FUJAIRAH / WAM The population of the Emirate of Fujairah stood at 292,358 last year, according to estimates by the Fujairah Statistics Centre. According to the centre’s statistical yearbook for 2020, the number of births reached 3279, marriages 859, divorces 159, and 309 died. The statistics indicated that the total of number of public and private schools stood at 68 ...

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• 4 May

  ADIB net profit surges 125% to reach AED608 million in Q1

  

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) said its net profit for Q1 of 2021 surged by 125 percent to AED608 million compared to AED 270 million in Q1 of 2020, and up 26 percent against Q4 of 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. ...

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• 4 May

  UAE sends 52 metric tons of food supplies to Niger

  

  NIAMEY / WAM The United Arab Emirates on Monday sent a plane carrying 52 metric tons of food supplies to the Republic of Niger as part of its initiatives during the Holy Month of Ramadan. Amer Al Menhali, Charge d’Affaires of the UAE Embassy in Chad, said, “The UAE considers cooperation with the international community to be crucial, especially in ...

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• 4 May

  Abu Dhabi unveils Arab world’s 1st electromagnetic compatibility labs

  

  ABU DHABI / WAM Technology Innovation Institute (TII) on Monday announced that its Directed Energy Research Centre (DERC) has unveiled its Electromagnetic Compatibility (EMC) laboratories in Abu Dhabi, housed in a first of its kind facility in the Arab world. The facility is composed of three laboratories — an EMC semi-anechoic chamber, a pulsed power laboratory, and a low-noise emanation ...

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• 4 May

  Global Village breaks 25th Guinness World Record title

  

  Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the milestone anniversary, ...

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• 4 May

  Japan’s Kansai, Marubeni cancel last coal power plant project

  

  Bloomberg A joint venture in Japan has scrapped plans for a coal-fired power plant, leaving the country with no new construction on the horizon as companies drop the dirty fuel amid tighter emissions rules and strong growth outlook for renewables. Kansai Electric Power Co and Marubeni Corp won’t move forward with a 1.3 gigawatt coal power project in Akita prefecture ...

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• 4 May

  If Italy’s economy fails, then Europe fails too

  

  Italy’s parliament has approved Mario Draghi’s 261 billion-euro ($315 billion) spending plan to resurrect the euro zone’s third-largest economy from the ruins of the pandemic. Now comes the hard part: Implementing the tough structural reforms Italy needs to drive growth and rebalance public accounts, and convincing Italians it’s the right path. Failure to do so would consign Italy to decline ...

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• 4 May

  Tesla on thin ice with China watchdog

  

  Elon Musk has done a better job at selling and making cars in China in just two years than he has in the US over the past decade. As a foreign business, he’s also had a smooth ride with the authorities — until recently. Last Month, a Tesla Inc owner at the Shanghai Auto Show protested the company by jumping ...

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• 4 May

  Who pays $24 million to protect Zuckerberg?

  Many of us spent the better part of 2020 trapped in our homes — not able to travel, attend a live event, see a movie on a big screen, or get together with friends and family outside of our immediate pods. But judging from corporate disclosures, it seems these restrictions didn’t apply to a small subset of people — specifically, ...

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