Dubai / WAM UAE-Russia food trade has increased steadily in recent years due to cooperation on food security and Moscow’s efforts to diversify exports. Yet, a Dubai Chamber of Commerce and Industry webinar revealed that much potential still remains in both traditional categories and niche markets. The webinar, titled ”Russia-UAE Food Trade in the Post-Covid-19 Era”, attracted 131 participants from ...

ABU DHABI / WAM The UAE on Thursday sent an aid plane carrying five metric tons of medical supplies to Lima, Peru to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 5,000 medical professionals as they work to contain the virus. To date, the UAE has responded to the Covid-19 crisis by providing ...

Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported humanitarian aid from the government of the United Arab Emirates to 54 destinations. To date, Etihad Airways operated 106 UAE humanitarian aid charters to 54 destinations and played a key role in transporting medical ...

Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) has explored digital impact on the publishing sector during a seminar entitled ‘Building a Digital Ecosystem for Knowledge’. Moderated by Saeed Hamdan Al Tunaiji, Director of Publishing at the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, the seminar was attended by Abdulla Majid al Ali, Executive ...

Bloomberg As Covid-19 spread across the globe this spring, flights were halted, commutes were cancelled and oil tankers floated offshore, waiting for a spike in demand. The coronavirus cut global carbon emissions more than any other event in the last century. But the pandemic-induced slowdown may ultimately hamper efforts to curb climate change. “If we end up in a deep ...

Bloomberg Japan may shut about 100 inefficient coal-fired power units by 2030 to reach its emissions reduction target under the Paris agreement. The powerful Ministry of Economy, Trade and Industry will soon start expert panel discussions on details of the closure plan, according to an official with the ministry. The shut downs are necessary to meet targets already laid out ...

Bloomberg Covia Holdings Corp, a supplier of sand and other mineral products to the oil and gas industry, filed for Chapter 11 bankruptcy in federal court in the Southern District of Texas. The company has a restructuring support agreement with holders of the majority of its secured debt. It currently has cash reserves of about $250 million and US operations ...

Bloomberg Plentiful reserves of fossil fuels and rich seams of valuable minerals are no guarantee of national health, wealth or happiness. The “resource curse” has blighted many countries: Venezuela and the Democratic Republic of Congo, for example, have suffered from years of graft, civil unrest and poverty. After discovering oil in the 1960s, Norway has managed to escape these troubles. ...

Bloomberg Royal Dutch Shell Plc said it will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil. The pandemic left no part of the energy giant’s sprawling business unscathed. Shell lost money from pumping oil, fuel sales fell ...

Bloomberg Tanzanian authorities detained executives from three oil-marketing companies overnight on suspicion that they hoarded supplies to cause a shortage, according to the utilities regulator. The Tanzania Oil Marketing Association denied the allegations, saying the companies comply with fair competition rules that prohibit cartels, and that the shortage is because of the coronavirus pandemic. Petroleum imports were cut by half ...