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DUBAI / WAM With exactly 300 days to go until the UAE welcomes the world to Expo 2020, Swatch, the event’s official timing provider, has kicked off the final leg of the journey to the next World Expo with the launch of a countdown clock at the Dubai Frame. At a virtual event, Swatch introduced the official Expo 2020 Dubai ...

SHARJAH / WAM du, from Emirates Integrated Telecommunications Company (EITC), has revealed that two state-of-the-art data centers will officially open in Q1 2021 to support UAE government and financial organizations seeking to outsource their data center requirements through a managed service provider. The announcement was made during Gitex Technology Week, which is taking place at Dubai World Trade Center (DWTC) ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of congratulations to President Sauli Niinisto of Finland, on the occasion of his country’s Independence Day, which is marked on December 06. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mohamed ...

ABU DHABI / WAM Chaired by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the Ministerial Development Council has confirmed that the UAE government is keen to strengthen the non-oil sectors by encouraging innovation, updating legislation and regulatory frameworks, and encouraging sectors with high added value in a way that advances business environment ...

DUBAI / WAM The Dubai Health Authority (DHA) in collaboration with Smart Dubai launched on Sunday at the 40th Gitex Technology Week, a state-of-the-art fully automated paperless Drugs and Medical Supplies Management System known as Tarmeez making it the first government entity in the region to implement the international standard. During the launch ceremony, Humaid Al Qutami, Director General of ...

DUBAI / WAM The Ministry of Human Resources and Emiratisation (Mohre) announced that it will hold more on-site and virtual meetings with Emirati citizens working for private sector companies at their workplaces, to monitor their situations. The visits are part of the work of a committee formed by the ministry in March 2020 to support the employment stability of UAE ...

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, has directed all district cooling companies to reduce the fuel surcharge for electricity from 6.5 to 5 fils for kilowatt hour and for water from 0.6 to 0.4 fils for Imperial Gallon, and to fully implement this reduction in their customers’ bills ...

Bloomberg The Finance Ministry of the world’s biggest energy exporter has started preparing for the possibility of lower budget revenues in case global oil demand declines sooner than expected. “The peak of consumption may have already passed,” Deputy Finance Minister Vladimir Kolychev said in an interview in Moscow. “The risk is rising in the longer term” that hydrocarbon revenues could ...

Bloomberg HitecVision is emerging as the frontrunner to acquire Exxon Mobil Corp’s oil assets in the UK North Sea, according to people familiar with the matter. The private equity firm is in advanced talks with Exxon about a potential deal, the people said, asking not to be identified discussing confidential information. A sale could fetch around $1 billion for Exxon, ...

Bloomberg UK power prices rose to a four-year high after the UK grid operator warned that its safety buffer of supplies was almost eroded for Sunday. National Grid Plc said it’s “monitoring the situation closely” in a warning published on Twitter. The network operator stopped short of issuing an official alert called an Electricity Margin Notice, which is published when ...