Daily Archives: July 8, 2020

ADX transfers its Ras Al Khaimah and Fujairah branches to Sharjah, Al Dhafra branch to Abu Dhabi

ABU DHABI, Abu Dhabi Securities Exchange, ADX, has announced today the transfer of its Ras Al Khaimah and Fujairah branch offices to its Sharjah branch and the transfer of its Al Dhafra Region branch office to Abu Dhabi.

The move …

OPEC daily basket price stood at $43.15 a barrel Tuesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$43.15 a barrel on Tuesday, 7th July, 2020, compared with $43.57 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes is made up of …

DIFC Presidential Directive ends on 31st July 2020

DUBAI, Dubai International Financial Centre, DIFC, has announced that DIFC Presidential Directive will end on 31st July 2020.

On 26th April 2020, DIFC declared DIFC Presidential Directive No 4. of 2020 which addressed the pressing need for firms based in …

Health Ministry conducts more than 51,000 additional COVID-19 tests, announces 445 new cases, 568 recoveries, 1 death

ABU DHABI, The Ministry of Health and Prevention, MoHAP, announced on Wednesday that it conducted over 51,000 additional COVID-19 tests, using state-of-the-art medical testing equipment.

In a statement, the Ministry affirmed its aim to continue expanding the scope of testing …

Electric Power Industry Needs Urgent Transformation, Huawei’s New ICT Empowers Smart Grids

SHENZHEN, China, July 8, 2020 /PRNewswire/ — Today marked the Seventh Huawei Global Power Summit themed “Bits Drive Watts, Building a Fully Connected Smart Grid”. Held online, the summit invited global customers, partners, industry experts, and thought leaders in the