Dubai / WAM The Sheikh Zayed Housing Programme has announced the names of 200 UAE nationals who are eligible for housing support totalling AED160 million, as part of the final batch of names of the “1,000 Housing Support Decision” initiative, which it declared during the first week of the Holy Month of Ramadan. The approval, which coincides with Eid al-Fitr, ...

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation launched a new travel advice campaign for UAE nationals planning to travel abroad, to ensure their safety and fulfil its role in facilitating their travel and stay abroad, coinciding with the Eid-al-Fitr holiday and the start of the country’s summer holidays. Rashid Ali Al Dhaheri, Director of the ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), has launched in Mukalla, Hadramaut Governorate, its third charity project to distribute Eid clothing. The project aims to distribute 7,000 clothes to the families of martyrs, children with disabilities and low-income families, as per the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Abu Dhabi / WAM The UAE will participate in the United Nations Conference on the Exploration and Peaceful Uses of Outer Space, ‘UNISPACE +50’, in the Austrian capital, Vienna, which will be held between June 18-21. The country will participate through a high level delegation from the UAE Space Agency, led by Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, ...

Bloomberg OPEC members Iran and Venezuela could lose almost 30 percent of their oil output next year due to US sanctions and economic upheaval, requiring extra supplies from the group’s Gulf members, the International Energy Agency said. In its first detailed forecast for 2019, the IEA said new oil output from outside OPEC — in particular US shale — should ...

Bloomberg Exxon Mobil Corp. is dipping its toe in the world of oil trading, hiring executives and showing an appetite for expanding its operations. Yet, the US-based company is moving carefully, still far away from building an in-house trading unit similar to the mighty businesses run Royal Dutch Shell Plc, BP Plc and Total SA. Exxon recently hired Paul Butcher, ...

Bloomberg Top US energy regulators declined to endorse the notion that power grids face a national emergency during a Senate hearing, tacitly rebuffing President Donald Trump’s argument to prop up struggling coal and nuclear plants. The five members of the Federal Energy Regulatory Commission were testifying before the Senate Energy and Natural Resources Committee when asked by New Mexico Democrat ...

Bloomberg American gas prices could double by 2040 as the US exports more liquefied natural gas, but consumers will be shielded as production of the fuel increases and trade balances improve. That’s the conclusion from a study commissioned by the US Department of Energy that found an almost 50 percent chance of gas reaching $5 to $6.50 per million British ...

Bloomberg Next year, the US government doesn’t see global or US crude production as high as it once did. The Energy Information Administration decreased its 2019 forecast for global production to 102.21 million barrels a day, with most of the downward revision from the Organization of Petroleum Exporting countries. World demand growth is unchanged. At the same time, it sees ...

Bloomberg Toyota Motor Corp. is making the largest ever bet by an automaker on ride hailing as it embraces new businesses that threaten to disrupt the industry’s traditional model of vehicle ownership. The world’s most profitable car manufacturer is investing $1 billion in Singapore’s Grab Holdings Inc., valuing Southeast Asia’s largest car-hailing service at just over $10 billion, according to ...