February, 2021

• 22 February

  Gulfood opens in Dubai with participation of 2,500 firms

  

  DUBAI / WAM Gulfood 2021 kicked off on Sunday at the Dubai World Trade Centre (DWTC), with the participation of 2,500 companies from 85 countries, including some of the most prominent brands in the F&B sector. Gulfood presents the main market trends on food and beverage and aims to highlight new innovations, consumer behaviour patterns, and revive communication links between ...

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• 21 February

  UAE, Brazil to boost cooperation in infra, investment sectors

  

  BRASILIA / WAM Saleh Ahmed Al Suwaidi, UAE Ambassador to Brazil, discussed with Tarcisio Gomes de Freitas, Minister of Infrastructure of Brazil, ways of advancing overall cooperation between the UAE and Brazil, most notably in the infrastructure and investment sectors. They also addressed Brazil’s participation in Expo 2020 Dubai. During the meeting, Al Suwaidi stated that relations between the two ...

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• 21 February

  Dubai Municipality joins UAE Innovates 2021 activities

  

  DUBAI / WAM Dubai Municipality is joining the activities of the UAE Innovates 2021, organised by the General Secretariat of Dubai Executive Council, until February 27, to enhance the municipality’s directions towards promoting the values of creativity and innovation in its various sectors. Dawoud Al Hajri, Director General of Dubai Municipality, emphasised the municipality’s keenness to participate in the activities ...

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• 21 February

  Covid-19: UAE reports 3,684 new recoveries

  

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 197,701 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 2,250 new coronavirus cases, bringing the total number of recorded cases in the UAE to 370,425. The ministry also noted that an ...

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• 21 February

  Banks, investor push to solve $32b Eskom debt crisis

  

  Bloomberg Nedbank Group Ltd is leading discussions to restructure South African power utility Eskom Holdings SOC Ltd’s $32 billion debt load, according to people familiar with the talks. The parties met in recent days, and one of the options is to transfer at least 100 billion rand of debt to a special-purpose vehicle that would be overseen by the Public ...

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• 21 February

  Nigerian court freezes Shell accounts in dispute over oil deal

  

  Bloomberg A Nigerian court restricted Royal Dutch Shell Plc’s access to its bank accounts in the West African country amid a legal dispute with a local oil producer over a pipeline deal six years ago. Aiteo Eastern E&P Co Ltd is demanding billions of dollars in damages, claiming Shell misrepresented the condition of the pipeline and under-counted the volume of ...

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• 21 February

  India’s Modi failed to make a Singapore in Gujarat

  

  When Singapore set up an international financial hub in the late 1960s, the city-state was thinking both fast and slow — seizing an immediate opportunity, and opening a path to long-term economic development. Half a century later, India is attempting something similar in Prime Minister Narendra Modi’s home state of Gujarat. For Singapore, the British pound’s 1967 devaluation was the ...

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• 21 February

  What Uber’s loss means for Britain

  

  The latest ruling on Uber Technologies Inc is good for drivers and city dwellers alike. But it shouldn’t be the last word on the matter. The UK Supreme Court determined that Uber drivers should be classified as “workers,” entitling them to rights like the minimum wage, holiday pay and rest breaks. It’s the culmination of a five-year court battle, and ...

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• 21 February

  It isn’t easy being green, so JLR shouldn’t rush it

  The markets are abuzz with the promise of millions of new electric cars. Investors love the sound of anything green. In keeping with the trend, Jaguar Land Rover Automotive Plc — which is owned by India’s Tata Motors Ltd — announced an overhaul: It will go mostly electric in the next decade or so, setting aside £2.5 billion ($3.4 billion) ...

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• 21 February

  Texas blackout: Where are new energy jobs?

  When millions of Texans lost power during the coldest weather to hit the Lone Star State in seven decades, Republican Governor Greg Abbott blamed frozen wind turbines and other forms of clean energy for the greatest forced blackout in US history. Never mind that the grid operator in the second-largest state said alternative energy, generating 25% of its winter supply, ...

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