April, 2021

• 7 April

  Masdar to build utility-scale solar project in Azerbaijan

  

  ABU DHABI / WAM Masdar has announced the signing of agreements to develop a utility-scale solar photovoltaic (PV) project in the Republic of Azerbaijan. The 230-megawatt (MW) project is the country’s first foreign investment-based independent solar project structured as a public-private partnership. Mohamed Jameel Al Ramahi, CEO of Masdar, signed the Investment Agreement for the project with Parviz Shahbazov, Minister ...

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• 7 April

  Wizz Air Abu Dhabi offers flights to Israel from AED99

  

  ABU DHABI / WAM Wizz Air Abu Dhabi, the newest UAE national airline, on Wednesday announced its first flight to Tel Aviv on April 18, following the announcement that Israel has been added to the green list. Tickets are already on sale on wizzair.com and the airline’s mobile app, which is also available in Arabic, with fares starting as low ...

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• 7 April

  Arab Parliament Speaker wishes UAE on Barakah plant operation

  CAIRO / WAM Adel Abdulrahman Al Asoomi, Speaker of the Arab Parliament, on Wednesday congratulated the UAE’s leadership, government and people on the start of the commercial operation of Unit 1 of Barakah Nuclear Power Plant, the first peaceful nuclear power plant in the Arab region. Al Asoomi stressed that the launch of the plant is a distinguished achievement to ...

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• 7 April

  Abu Dhabi chamber, Iraqi Kurdistan discuss investment opportunities

  

  ABU DHABI / WAM Mohammed Hilal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, has held a video conference meeting with Dr Mohammed Shukri Mohammed Saeed, Chairman of the Investment Authority of the Kurdistan Regional Government and Ahmed Al Dhaheri, the UAE Consul General in the Kurdistan Region of Iraq. They discussed ways of strengthening economic and ...

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• 7 April

  Oil trades near $63 a barrel ahead of US inventory data

  

  Bloomberg Oil traded near $63 a barrel in London as traders awaited weekly US inventory data for the latest steer on the demand recovery. Brent futures climbed 1%, swinging between gains and losses. Attention will shift later to US inventories, after an industry report showed a decline in crude stockpiles but a gain in gasoline holdings. The government data will ...

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• 7 April

  Adnec wins two awards at MESE

  ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has won two accolades at the Middle East Event Awards (MESE), further cementing the company’s proven excellence. The Abu Dhabi National Exhibitions Company was recognised as the ‘Best Employer of the Year, 2020’ in the events industry, following its presentation of its core mission, vision and values alongside the ...

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• 7 April

  Oil product inventories at Port of Fujairah climb to five-week high

  

  FUJAIRAH / WAM Oil product inventories at the UAE’s Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers. Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week earlier and the highest since March 1, according to Fujairah Oil Industry ...

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• 7 April

  UAEU to participate in Expo 2020 Dubai

  

  AL AIN / WAM The United Arab Emirates University (UAEU) will participate in a special pavilion in Expo 2020 Dubai next October. The pavilion will shed light on the “University of the Future” initiative, which aims at revolutionising higher education in the Arab world by 2030. Zaki Nusseibeh, Chancellor of UAEU, said that the university’s participation in the fair through ...

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• 7 April

  Hong Kong is giving itself another identity crisis

  

  The Hong Kong government’s proposal to let directors obscure their identities on the companies register is a retrograde step that will facilitate fraud and corruption. Don’t take a journalist’s word for it. Don’t listen to the legal profession, which said in 2009 that ID numbers should be fully disclosed. Don’t pay heed to the accountants and corporate governance experts who ...

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• 7 April

  Google’s court win is pro-consumer

  

  The Supreme Court has ruled that Google did not violate Oracle’s copyright when it copied 11,500 lines of JAVA code for its Android operating system. The 6-2 decision followed a long-term trend by reversing a ruling by the US Court of Appeals for the Federal Circuit, a specialised body that tends to protect intellectual property more aggressively than does the ...

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