May, 2020

• 20 May

  Dubai Municipality strengthens food safety awareness

  

  DUBAI / WAM Dubai Municipality has organised a number of awareness-raising campaigns remotely in the field of food safety, using modern electronic means and social media channels, reflecting its belief in its role of creating awareness in the society to ensure the highest levels of health and safety. These campaigns targeted consumers as well as food establishments to ensure commitment ...

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• 20 May

  Empower district cooling networks expand by 320 kilometres in 2019

  

  DUBAI / WAM The Emirates Central Cooling Systems Corporation (Empower) has announced that the total length of its district cooling pipeline network in various regions of Dubai has exceeded more than 320 kilometres by the end of 2019, with a growth of 16 percent compared to 2018. Empower has sought to expand the geographical presence of its network in order ...

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• 20 May

  Etisalat CEO steps down

  

  ABU DHABI / WAM Etisalat Group announced on Wednesday the resignation of Saleh Al Abdooli as the group’s Chief Executive Officer (CEO). In a statement, Etisalat Group cited “personal reasons” for Al Abdooli’s resignation, adding that the board of directors had accepted the resignation and appointed Hatem Dowidar as Acting Chief Executive Officer for the Group. Dowidar is currently the ...

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• 20 May

  Enoc Link supplies 30,000 litres of fuel for disinfection drive

  

  DUBAI / WAM Enoc Link, Enoc’s digital fuel delivery arm, supported Dubai Municipality’s nation-wide disinfection drive by supplying more than 30,000 litres of fuel to undertake various sanitisation measures in Dubai. Enoc Link has been supporting the nation-wide disinfection drive since March 31. Dedicated delivery trucks fuelled 140 vehicles and 62 critical equipment of Dubai Municipality with free petrol and ...

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• 20 May

  Biggest power demand plunge to reshape markets in future

  

  Bloomberg The global plunge in electricity demand will drag on long after nations lift stay-at-home orders, leading to the biggest annual drop since the Great Depression and fundamentally reshaping power markets. As economies struggle to recover, worldwide electricity consumption will decline 5% in 2020, the most in more than eight decades, according to the International Energy Agency (IEA). In the ...

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• 20 May

  Renewable power heads for first decline in almost 2 decades

  

  Bloomberg New power from wind and solar is set to fall this year for the first time in two decades. Construction of new wind and solar farms is being delayed by factory closures, workers’ needs for social distancing and developers’ financial concerns as they emerge from the coronavirus crisis, according to research from the International Energy Agency. The world is ...

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• 20 May

  Chinese revival draws shipments of Canadian oil

  

  Bloomberg Canadian and Alaskan crude that normally travels to the US West Coast is finding a market in China, where demand is almost back to pre-pandemic levels. The Sofia became the second oil tanker in less than a month to ship Alaskan oil to Qingdao, China, when it left Valdez over the weekend, data compiled by Bloomberg show. At about ...

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• 20 May

  Congress offers the help US economy really needs

  

  The economy isn’t going to bounce back quickly on its own from the coronavirus pandemic. State reopenings, premature or not, will restore a modicum of economic activity, but it won’t be enough to put many local businesses in the black. If the virus comes roaring back in states that reopen, it will cause a wave of fear that will depress ...

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• 20 May

  Will Walmart’s winning ways last?

  

  Walmart Inc, one of the few big winners during the coronavirus crisis, just had a blowout quarter. The knock-on positive effects may last beyond the pandemic. Bulk buying of toilet paper, bleach and hand sanitiser helped the world’s biggest retailer increase US same-store sales (excluding fuel) by a better-than-expected 10% in the three months ended on May 1. That marked ...

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• 20 May

  Inflation isn’t gone for good amid Covid-19

  After the world has finally worked its way beyond the Covid-19 crisis, it may have to confront a danger that almost everybody has forgotten: higher inflation. At the moment, it’s the last thing investors and governments are worried about, which is exactly what makes the threat so plausible. It has been decades since governments have lost sleep over high inflation. ...

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