July, 2020

• 8 July

  Oil dips below $41 with signs US crude stockpiles swelled

  

  Bloomberg Oil was anchored below $41 a barrel with an industry report signalling a surprise gain in US crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections. The American Petroleum Institute reported inventories rose by 2.05 million barrels last week, before government data on Wednesday. The virus is setting records across the US, with Texas’s ...

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• 8 July

  Malnutrition in poorer nations costs companies $850bn a year

  

  Bloomberg Poor diets in developing countries are costing businesses as much as $850 billion a year in lost productivity, underlining the need for companies to play a bigger role in tackling a problem that’s being compounded by the coronavirus pandemic. Those are the findings of a study by Chatham House and Vivid Economics, the first to analyse the impact of ...

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• 8 July

  Hope Probe cost is among world’s lowest: Al Gergawi

  

  Dubai / WAM The cost of the Hope Mars Mission reached $200 million, which is considered among the lowest in the world when compared with similar programmes, said Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs. Addressing a media briefing in Dubai, Al Gergawi detailed the achievements of the Emirates Mars Mission team, including development of 200 new designs, ...

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• 8 July

  M/V Safeen Tiger makes maiden call at Khalifa Port

  

  ABU DHABI / WAM M/V Safeen Tiger made its maiden call to Abu Dhabi at Khalifa Port on inaugural voyage from India. The UIG service covering two loops from the UAE to Indian Sub-Continent and the Arabian Gulf is jointly operated by Abu Dhabi Port’s Safeen Feeders and Bengal Tiger Line. The vessel will leave Khalifa Port on Wednesday, heading ...

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• 8 July

  Adha makes headway in adopting AI technologies

  

  Abu Dhabi / WAM The Abu Dhabi Housing Authority (Adha) reported that it has achieved a quantum leap in the application of Artificial Intelligence (AI) technologies by launching its Robotic Process Automation (RPA) system, a form of AI technology and one of the most important technical systems adopted by the authority to develop and improve its services. The RPA system ...

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• 8 July

  VP opens AED11bn Route 2020 project

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, officially inaugurated the Route 2020 Project. Speaking on the occasion, HH Sheikh Mohammed said the UAE’s journey towards sustainable development is backed by quality projects and an infrastructure that is globally acclaimed for its efficiency and reliability. ...

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• 8 July

  UAE, Russia discuss bilateral ties, Covid-19 developments

  

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Denis Manturov, Russian Minister of Trade and Industry, discussed the strategic ties between the two countries and the prospects of cooperation, particularly in commercial and industrial fields. In a telephone call, Sheikh Abdullah and Mantrouv, tackled a number of issues ...

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• 8 July

  EGA attains key milestone at Al Taweelah alumina refinery

  

  Abu Dhabi / WAM The Emirates Global Aluminium (EGA) on Wednesday announced that production at its new Al Taweelah alumina refinery achieved nameplate capacity from bauxite to alumina for June, a major milestone in the ramp-up of the giant plant. The milestone was achieved just 14 months after alumina production began in April last year, a world-class performance. Alumina refineries ...

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• 8 July

  Covid-19: UAE sends medical aid to Uruguay

  

  Abu Dhabi / WAM The UAE on Wednesday sent an aid plane carrying seven metric tons of medical supplies to Uruguay to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 7,000 medical professionals as they work to contain the coronavirus pandemic. Commenting on the aid delivery, Saeed Rashed Obaid Alzaabi, UAE Ambassador to ...

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• 8 July

  Sunrun may become rooftop behemoth

  

  Bloomberg Sunrun Inc, America’s biggest rooftop-solar company, is set to become a behemoth through its $1.46 billion takeover of a major rival, Vivint Solar Inc. The agreement, subject to approvals, is one of the industry’s biggest, following Tesla Inc’s 2016 purchase of debt-plagued SolarCity, as well as the failed 2015 acquisition of Vivint by SunEdison, the clean-energy giant that went ...

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