Daily Archives: June 24, 2020

Cautious Optimism that the Worst is Over for Oil and Gas Markets on the Back of Production Adjustments and Countries Opening Up, Revealed at this Week’s ADIPEC Energy Dialogue

– OPEC Secretary General hopeful the recovery will gather pace in the second half of the year as countries further ease lockdown restrictions and demand rises – Scale of oil demand drop for oil has led to largest and longest supply adjustments in history, according to Barkindo – Latest in series of on-line ADIPEC Energy […]

Shanghai Electric Dubai MSR Completes World’s Tallest Tower Top Receiver in Record Time

SHANGHAI, June 24, 2020 /PRNewswire/ — Shanghai Electric (SHA:601727) announced today that it has completed the Molten Salt Receiver (MSR) tower top receiver in Dubai’s DEWA IV phase 700MW Concentrating Solar Power and 250MW Photovoltaic Hybrid Project. The company safely constructed the tower—the tallest such structure in the world—in a record 240 days, despite taking extensive precautions due […]

مؤسسة “ألايت” تعمق تعاونها في باكستان لدعم التصدي لارتفاع حالات الإصابة بـ كوفيد 19

المنظمة الدولية غير الحكومية تستخدم حضورها الطويل الأمد في البلاد لتخفيف الضغوط المجتمعية منيابوليس، 24 حزيران/يونيو، 2020 / بي آر نيوزواير / — تعمل مؤسسة ألايت، Alight التي كانت معروفة سابقًا باسم اللجنة الأميركية للاجئين، بصورة وثيقة مع مؤسسات أساسية وغيرها من الوكالات الإنسانية في المجتمعات الباكستانية لدعم احتياجات المجتمعات المستضعفة فيما تواجه البلاد ارتفاعا في […]

QOC Celebrates Olympic Day 2020

Doha, The Qatar Olympic Committee (QOC) celebrated the Olympic Day 2020, which falls on June 23 of each year, the date when the International Olympic Committee was created in 1894.   The Olympic Day of this year was celebrated, remotely, by exercising with some of the best athletes in the world on social media platforms

Arab Monetary Fund issues guidelines on impact of natural disasters on financial stability

Abu Dhabi,  The Arab Monetary Fund (AMF) has issued “General Guidelines for Central Banks to deal with the implications of natural disasters and climate changes on banking systems and financial stability”.   The move was the framework of its mandate to offer the support to its member states in the field of economic, financial and

Stocks slide on Wall Street as new coronavirus cases surge

New York, Stocks are down sharply on Wall Street as data showing new coronavirus cases in the U.S. have climbed to the highest level in two months rattles investors’ optimism for a relatively quick economic turnaround, said AP   The S&P 500 was down 2.2% in afternoon trading Wednesday, giving back all of its gains for

Dubai leads global FDI destinations in readiness and resilience

Abu Dhabi,   Dubai has maintained its leading position among the top three global FDI destinations during the first five months of the year, according to Financial Times fDi Markets data.   This came despite the decline in greenfield foreign direct investment, FDI, globally at the beginning of 2020 due to the challenges posed by the

General Cleanliness Conducts Monitoring Campaign for Random Waste Dumping

Aiming towards discouraging people from randomly dumping construction waste and planning to develop solutions to reduce this phenomenon which distorts the view of neighborhoods and increases the number of insects, the General Cleanliness Department has conducted an inspection campaign to monitor the phenomenon of random construction waste dumping in residential districts. Mr. Moqbel Al-Shammari, Director