July, 2020

• 5 July

  Ajman Chamber launches its new website

  

  AJMAN / WAM In a new look, Abdullah Al Muwaiji, Chairman of Ajman Chamber of Commerce and Industry, launched the website of the Chamber during a virtual meeting joined by members of the Board of Directors. The step comes within the endeavors of the Ajman Chamber to improve its electronic and smart services and to motivate its members and customers ...

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• 5 July

  DFM all set to reopen its trading floor tomorrow

  

  Dubai / WAM The Dubai Financial Market (DFM) on Sunday announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, July 7, with the strict implementation of precautionary measures for the safety of clients and employees. The DFM Trading Floor and Customer Affairs counters were temporarily closed mid-March. The DFM has maintained its ...

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• 5 July

  TRA foils over 100,000 cyber-attacks in June

  DUBAI / WAM The National Computer Emergency Response Team (aeCERT) of the Telecommunications Regulatory Authority (TRA) responded to approximately 103,408 cyber-attacks, during the month of June. The TRA revealed that its monthly report on cybersecurity developments in the Federal Government of the UAE for the month of June showed that the cyber-attacks varied between malware (73 percent), vulnerabilities (15 percent) ...

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• 5 July

  Abu Dhabi’s Taqa credit ratings upgraded by Moody’s and Fitch

  

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) announced on Sunday that international credit rating agencies Moody’s Investors Service and Fitch Ratings have upgraded its final issuer ratings by three notches to Aa3 from A3 and by two notches to AA- from A, respectively. According to a press release issued by Taqa on Sunday, the ratings represent fourth ...

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• 5 July

  Covid-19: RTA holds 36,000 remote meetings

  

  Dubai / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), confirmed that RTA’s efforts to upgrade the technological infrastructure and transformation of all customer services to smart services enabled it to continue business normally during the Covid-19 crisis. He added that RTA was able to perform thanks to ...

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• 5 July

  China’s era of building mega-dams ends with rise of solar, wind power

  

  Bloomberg It’s the beginning of the end for the era of mega-dam building in China. China Three Gorges Corp turned on the first set of generators at the massive Wudongde hydropower plant, deep in the mountains of Yunnan province. About 170 kilometres (106 miles) downstream on the Jinsha River sits Baihetan, the last of its kind, scheduled to go into ...

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• 5 July

  New oil rig sent to S Africa for rare frontier drilling

  

  Bloomberg Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp, Total’s partner in the project, said. While drilling work has dropped off dramatically ...

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• 5 July

  Exxon’s losses rise on virus-driven oil slump

  Bloomberg Exxon Mobil incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped amid Covid-19 lockdowns that stunted economic activity. The explorer’s oil and natural gas unit took a hit of as much as $3.1 billion as prices for those commodities slumped, according to a regulatory filing. Margins in Exxon’s refining business contracted ...

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• 5 July

  The unhappy American

  

  Given the circumstances, it would be astounding if Americans were not in a sour mood over the July 4 weekend. Public opinion polls show that on a long list of subjects Americans are angry, pessimistic, disillusioned and fed up. They fear for themselves, their children, the economy, the United States’ role in the world and for their happiness. We know ...

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• 5 July

  Nord Stream 2 could sever ties

  

  US President Donald Trump is furious at Germany for many reasons, not all of them fathomable. In phone conversations with Angela Merkel, he’s allegedly called the German chancellor “stupid” and denigrated her in “near-sadistic” tones. Though this be madness, as the Bard might say, there is — on rare occasions — method in it. One such case is Nord Stream ...

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