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SEDD carries out 48,191 inspection campaigns

Sharjah / WAM A total of 48,191 inspection campaigns were carried out on various economic establishments in Sharjah during the second quarter of 2021, achieving a growth of 288 percent compared to the second quarter of last year, according to Sharjah Economic Development Department (SEDD). Salim Al Suwaidi, Deputy Director of Commercial Control and Protection Department at SEDD, said the ...

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China’s heat wave pushes coal prices towards record level

Bloomberg A heat wave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs. The power load in the eastern province of Zhejiang near Shanghai surpassed 100 million kilowatts per hour for the first time, the State Grid said in its newspaper. Usage has also hit records in ...

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LatAm’s turmoil intrudes in Biden’s focus on China, Europe

Bloomberg President Joe Biden says his foreign policy focus is on dealing with the challenges posed by China and rebuilding frayed alliances in Asia and Europe. Latin America is putting those priorities to a test. From political protests in Cuba to a presidential assassination in Haiti and the migration crisis on the southern border, the Biden administration is finding it ...

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Private jet flights at VIP terminal in Dubai South rises 346% in 2021

Dubai / WAM Mohammed bin Rashid Aerospace Hub (MBRAH), based in Dubai South, announced that private-jet movements continued their impressive growth in 2021, with more than a 346 percent increase in H1 2021, reaching 8,088 compared to 1,811 in H1 2020 and 3,056 in H1 2019. The top four destinations that contributed to the increase during H1 2021 were Russia, ...

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Emirates expects another busy weekend ahead

Dubai / WAM Emirates is expecting high passenger volumes to pass through Terminal 3 at Dubai International this weekend, July 16-17, as traveller numbers reach among their highest levels since the pandemic began. With added safety measures and Covid-19 travel requirement checks in place, travellers may encounter longer than expected waiting times at Emirates check-in counters. Customers starting their journey ...

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UAE, Vatican ink deal to boost cooperation in education sector

ABU DHABI / WAM The Ministry of Education signed a Memorandum of Understanding (MoU) with the Congregation for Catholic Education at the Holy See, Vatican, to strengthen their cooperation in education. The MoU was signed by Hussain bin Ibrahim Al Hammadi, Minister of Education, and Cardinal Cardinal Giuseppe Versaldi, Prefect of the Congregation for Catholic Education and President of Pontifical ...

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Enoc to roll out world’s first ‘eLink’ stations in UAE

Dubai / WAM Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc group, on Wednesday announced its plans to roll out its new and world-first eLink Station across the UAE. The eLink Station is a mobile fuelling format that will enable motorists and customers easy access and convenient fuelling services. It is designed to ...

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Nine Chinese workers among 12 killed in Pakistan bus explosion

Bloomberg A blast in a bus carrying workers in Pakistan’s northern Kohistan region killed 12 people including nine Chinese citizens, as concerns mount an advance by the Taliban in Afghanistan may disturb peace in across the region. Pakistan authorities said on Wednesday the blast was caused by a gas leak, however China condemned the explosion and called on Pakistan to ...

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Nasdaq Dubai welcomes listing of Emaar Properties’ $500m sukuk

Dubai / WAM Jamal Bin Theniyah, Chairman of Emaar Properties, on Tuesday rang the market-opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai. The ceremony was attended by Ahmad Al Matrooshi, Executive Board Member of Emaar Properties; Rashid Al Shamsi, Board Member of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO ...

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EGA starts second phase of Al Taweelah smelter expansion

Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...

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