August, 2024

• 6 August

  SEC issues decision to form Supreme Committee for Human Resources

  

  SHARJAH/WAM H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of Sharjah Executive Council (SEC), chaired on Tuesday the meeting of the SEC, held at the Sharjah Ruler’s Office. During its meeting, the SEC discussed a number of topics related to government work in the Emirate of Sharjah to develop and upgrade services. ...

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• 6 August

  Technomak announces expansion plan in Hamriyah Free Zone

  

  SHARJAH/WAM Technomak, a turn-key EPC company specializing in the fields of oil and gas, FPSO, and renewable energy, has announced a significant expansion plan in the Hamriyah Free Zone, Sharjah. In response to increasing global demand for its products, Technomak will add 500,000 square feet to build a new factory, increasing the total area of its facilities in the free ...

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• 6 August

  Guided by Mohamed bin Zayed, UAE continues to strengthen its performance in vital economic sectors: Mohammed bin Rashid

  

  DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE is committed to excelling in various sectors and enhancing its role as a key partner in creating a better future for humanity. The UAE is also ...

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• 6 August

  In Collaboration with  NNTC Abu Dhabi Housing Authority adopts digital twin technology to showcase its housing projects

  

  ABU DHABI / GULF TIME The Abu Dhabi Housing Authority (ADHA) has announced the adoption of digital twin technology to showcase its housing projects. This initiative focuses on 3D real-time visualization of housing options. Additionally, through collaboration with NNTC, a leading company in digital twin technologies in the UAE, the Authority offers an integrated virtual experience where individuals can explore ...

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• 5 August

  World markets tremble over risks to the US economy, Japan’s Nikkei dips 12.4%

  

  BANGKOK / WAM In the latest bout of sell-offs that are shaking world markets as investors fret over the state of the US economy, Japan’s benchmark Nikkei 225 stock index plunged 12.4 percent on Monday. The Nikkei closed down 4,451.28 points at 31,458.42. The market’s broader TOPIX index fell 12.8 percent as selling picked up in the afternoon, the Associated ...

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• 5 August

  EGA ships bauxite cargo using LNG-fuelled ship in world decarbonisation first

  

  ABU DHABI/WAM Emirates Global Aluminium (EGA) today announced the world’s first bauxite cargo shipment using a Liquefied Natural Gas-fuelled (LNG) vessel. The shipment, in a Capesize ship, carries bauxite mined by EGA subsidiary Guinea Alumina Corporation to a customer in China. LNG-fuelled ships can achieve up to 28 percent lower greenhouse gas emissions on a tank-to-wake basis compared to vessels ...

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• 5 August

  ADNOC Drilling and Alpha Dhabi JV to fully acquire EV Holdings for $45mln

  

  ABU DHABI/WAM ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol (JV) has agreed to acquire a 100% equity stake in EV Holdings Ltd. (EV) for approximately $45 million from UK-based private equity firm, Dunedin. Completion of the transaction is subject to obtaining the necessary regulatory approvals and closing adjustments, after which the EV stake ...

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• 5 August

  ADNOC Drilling reports $570 million net profit in H1-24

  

  ABU DHABI/WAM ADNOC Drilling Company on Monday announced record financial results for the second quarter and first half of 2024. The company’s net profit for the quarter also grew, up 29% year-on-year and 7% sequentially to $295 million, driven by the increase in EBITDA, while for the first half the figure stood at $570 million, up 28% year-on-year. The revenue ...

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• 5 August

  GCC accounted for 53.9% of Dubai Chamber of Commerce members’ exports, re-exports in H1-24

  

  DUBAI/WAM Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) market remained the top global export and re-export destination for its member companies during the first half of 2024. The GCC region accounted for 53.9% of total exports and re-exports with a combined value of ...

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• 5 August

  Bangladesh PM Sheikh Hasina resigns, interim government to be formed: Army chief

  

  DHAKA/WAM Bangladesh Prime Minister Sheikh Hasina resigned on Monday and fled the country, Reuters quoted multiple sources as saying. Army chief General Waker-Us-Zaman said in a televised address that Hasina 76, had left the country and that an interim government would be formed. Student activists had called for a march to the capital Dhaka on Monday in defiance of a ...

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