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Backed by UAE armed forces, Arab Coalition jets raid Houthi positions

AL-DORIHMI / WAM Backed by the UAE Armed Forces, the Saudi-led Arab Coalition’s fighter jets bombarded positions of Houthi militias east of Hais, north of Zubaid, West of Bait Al Faqih and Al Hosaynia areas on Yemen’s Red Sea Coast, dismantling their bastions and reinforcements in precise offenses that inflicted heavy damage on the coup perpetrators as they lose their ...

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ERC organises iftar for Aden TV employees

Aden / WAM The Emirates Red Crescent (ERC), organised an iftar for Aden TV employees as part of its continued efforts to distribute daily iftar meals during Holy Month of Ramadan, in Aden and other liberated Yemeni governorates. Mohammed Ahmed Ghanem, Chairman for Aden TV Channel, expressed his thanks and appreciation to the UAE leadership, government and people for their ...

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UAE participates in NATO defence meet

BRUSSELS / WAM The UAE Minister of State for Defence Affairs, Mohammed bin Ahmed Al Bowardi, lead a UAE delegation during a North Atlantic Treaty Organisation (NATO), defence ministers meeting, held in the Belgian capital, Brussels. The UAE delegation — which participated in meeting discussions revolving around global military affairs — included senior officers and officials of the Ministry of ...

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Media Zone Authority – Abu Dhabi extends support for entrepreneurs

Abu Dhabi / Emirates Business Following the approval by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of Abu Dhabi Executive Council, of an economic package for Abu Dhabi, the Media Zone Authority – Abu Dhabi on Saturday announced a series of initiatives aimed ...

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Amid Trump’s solar scorn, US backs $1 billion Africa deal

Bloomberg With financial backing from the US government, solar developer Gigawatt Global Cooperatief UA signed a deal with the 15-nation Economic Community of West African States to build $1 billion of renewable energy projects in the region. The US is supporting the project through its Power Africa initiative set up in 2013 under President Barack Obama’s administration, a program that ...

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Venezuela urges OPEC to unite against sanctions

Bloomberg Venezuela wrote to fellow OPEC members urging them to unite against US sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter. The two countries requested that the Organization of Petroleum Exporting Countries (OPEC) should discuss the impact of American sanctions at its upcoming meeting on June 22, the people said. Both nations asked ...

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ZTE vows to shake things up after securing US reprieve

Bloomberg ZTE Corp. pledged to overhaul its flawed management and internal culture after striking a deal with the US to get back in business after a damaging two-month hiatus. In a memo to employees seen by Bloomberg News, Chairman Yin Yimin promised to hold “relevant people” accountable for a ban on purchases of American technology that threatened to smother China’s ...

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Trump targets global carmakers: Hyundai

Bloomberg A top US executive with South Korea’s Hyundai Motor Co. said President Donald Trump has “targeted” international car companies with tariff threats, showing little regard for whether those automakers build vehicles in the US and employ Americans. “The scary thing is there seems to be a lot of conversation around import-based companies and not even much realisation that there’s ...

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China’s factory inflation picks up on commodity

Bloomberg China’s factory inflation accelerated faster than expected in May as the price of commodities such as crude oil and metals increased. The producer price index rose 4.1 percent from a year earlier, compared with a projected 3.9 percent increase in a Bloomberg survey of economists and a 3.4 percent gain in April. The consumer price index climbed 1.8 percent ...

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Beijing to impose anti-dumping duties on broiler-chicken products from Brazil

Bloomberg China plans to impose anti-dumping duties on purchases of broiler-chicken products from Brazil, the country’s top supplier, citing a 10-month investigation that said surging imports damaged the domestic breeding industry. Importers will pay a deposit of as much as 38.4 percent to Chinese customs on purchases effective, the Ministry of Commerce said in a preliminary ruling following initial findings ...

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