July, 2020

• 9 July

  Oil hits $41 as new virus cases weigh against demand return

  

  Bloomberg Oil traded near $41 a barrel in New York as coronavirus cases continued to surge globally, casting doubt over the market’s rebounding consumption. US crude traded lower, while Brent edged higher. Goldman Sachs recommended buying global benchmark futures over WTI as American inventories grow. US crude stockpiles rose last week, according to government data, but gasoline demand recovered to ...

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• 9 July

  India plans to raise $2.7bn selling stakes in two firms

  

  Bloomberg India is considering a plan to raise as much as 200 billion rupees ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on market sentiment, said the officials, who ...

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• 9 July

  Covid-19: UAE reports 1,288 new recoveries

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted over 49,000 additional Covid-19 tests, using state-of-the-art medical testing equipment. In a statement, the ministry affirmed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. The ministry noted an additional ...

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• 9 July

  Covid-19 crisis further solidified UAE, South Korea partnership

  

  SEOUL / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the world has been experiencing extraordinary circumstances due to the unprecedented impact of the Covid-19 global health crisis, wherein the UAE and South Korea have proven the value of their friendship and showcased what two countries with shared interests, goals, ...

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• 9 July

  New committee to ease building permit process set up in Dubai

  

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decision No. (5) of 2020 partially amending Decision No. (3) of 2017 pertaining to the formation of Dubai’s Committee for Building Permit Procedures Development. Pursuant to the new decision, a temporary committee named ...

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• 9 July

  Etihad, Air Arabia Abu Dhabi announce new codeshare deal

  

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has announced a codeshare agreement with Abu Dhabi’s first low-cost airline, Air Arabia Abu Dhabi. Etihad will place its ‘EY’ code on Air Arabia Abu Dhabi’s inaugural flight from Abu Dhabi to the Egyptian city of Alexandria on July 14, followed by the Nile city ...

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• 9 July

  DIFC Presidential Directive to end on July 31 this year

  

  DUBAI / WAM Dubai International Financial Centre (DIFC) announced that DIFC Presidential Directive will end on July 31. On April 26, DIFC declared DIFC Presidential Directive No 4. of 2020 which addressed the pressing need for firms based in the centre to be able to access a number of emergency measures related to their workforce to ensure the stability and ...

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• 9 July

  K9 police dogs to detect Covid-19

  

  ABU DHABI / WAM The Ministry of Interior (MoI) successfully completed trials on K9 police dogs in enhancing its preventive and precautionary measures and efforts aimed at curbing the spread of Covid-19. The new move, which comes after successful completion of practical experiments and scientific studies, will contribute to promoting the community’s safety and security. It also shores up the ...

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• 9 July

  Emirates resumes flights to six more cities

  

  Dubai / Emirates Business Emirates announced it will resume flights to Geneva (from July 15), Los Angeles (from July 22), Dar es Salaam (from August 1), Prague and Sao Paulo (from August 2), and Boston (from August 15), offering customers even more travel options. This will take the airline’s network to 58 cities by mid-August, including 20 points in Europe ...

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• 9 July

  Deal signed to protect wildlife in Abu Dhabi

  Abu Dhabi / WAM The Environment Agency-Abu Dhabi (EAD) signed an official agreement with the largest aquarium in the Middle East – The National Aquarium – to help create the largest and one of the most innovative rehabilitation schemes of its kind to protect and rehabilitate wildlife in the Emirate of Abu Dhabi. According to the agreement, both parties will ...

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