Shabwah / WAM The Emirates Red Crescent (ERC), distributed emergency relief aid to the people of Khourah area in Shabwa province, Yemen, to alleviate the suffering of Yemeni people. Emergency aid included 1,000 food baskets containing basic food items. Sultan Al Nuaimi, ERC representative in Shabwa, emphasised the importance of this assistance in providing daily necessities, pointing out the authority’s ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), concluded the activities of its trade mission to the WorldFood Exhibition in Moscow, which it organised in cooperation with the Federation of UAE Chambers of Commerce and Industry. The SCCI, which was represented by the Sharjah Exports Development Centre, attended the activities of the exhibition. The trade mission was ...

Bloomberg After years of easy money, many of the world’s biggest oil traders are enduring a brutal new reality. Traders have been wrong-footed by wild swings in price spreads between oil grades, particularly in the US market. Amid dwindling profits, trading desks are being overhauled, with some firms restructuring their operations and paring budgets designed for better times. It’s a ...

Bloomberg India is planning to sell its stake in SJVN Ltd. and Power Finance Corp. to other government-controlled companies in deals that may fetch the federal government about 200 billion rupees ($2.8 billion), helping it to rein in the fiscal deficit amid growing risks of a slippage, people with knowledge of the matter said. The government plans to sell its ...

Bloomberg Egypt’s biggest outsourcing services provider, Raya Contact Center, is expanding as economic growth rebounds and a weaker currency makes it more competitive. The Cairo-based company, which operates offshore call centers and offers other corporate services, added about 1,000 workstations this year, compared to a previous annual average of 400 workstations, Chief Executive Officer and Managing Director Reem Asaad said. ...

Bloomberg Coronado Global Resources Inc., a miner backed by private equity firm Energy & Minerals Group, and current investors are seeking to raise as much as A$1.4 billion ($1 billion) in what would be Australia’s largest coal initial public offering. The company and existing holders are offering Chess Depository Interests at A$4 to A$4.80 each, according to a prospectus lodged ...

Bloomberg Russia will provide advanced S-300 missile systems to Syria and directly link up with the air-defense network of its Middle Eastern ally, stepping up support for the regime of President Bashar al-Assad after the downing of a reconnaissance plane last week. Moscow blamed the shoot-down of the aircraft, which killed 15 Russian servicemen, on Israel, whose planes were attacking ...

Bloomberg President Vladimir Putin’s United Russia party lost governorships in three regions as the fallout from popular anger over a plan to boost the retirement age makes usually tightly controlled elections more competitive. Candidates from the populist Liberal Democratic Party of Russia beat United Russia incumbents in the Khabarovsk and Vladimir regions, according to the Central Election Commission. Another United ...

Bloomberg South Korean President Moon Jae-in faces a formidable task during meetings in New York this week with Donald Trump and other world leaders: convincing skeptics that North Korean leader Kim Jong-un is actually serious about giving up his nuclear weapons. Moon was expected to meet Trump on Monday in New York, and will address the United Nations later in ...

Bloomberg Pro-Brexit politicians in Theresa May’s Conservative Party are launching a rival plan for leaving the European Union in an effort to force her to ditch her own blueprint in favour of a cleaner break with the bloc. Former Brexit Secretary David Davis, who quit in July because he disagreed with May, is backing the proposal published by the Institute ...