YEMEN / WAM Forces of the Arab Coalition led by Saudi Arabia have achieved new successes in fighting with the Houthi militia on Yemen’s Red Sea coast north of Hayes and in the eastern areas of Al Mashrai and Al Madman. Following assaults by Coalition fighters and artillery, Houthi militia lines collapsed, with their forces fleeing the front, leaving behind ...

Abyan / WAM The Emirates Red Crescent (ERC), continues to distribute Ramadan iftar meals in the Abyan governorate with the support of HHSheikha Latifa bint Mohammed bin Rashid Al Maktoum, wife of HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah. The ERC distributed Ramadan iftar meals in Zanzibar and Khanfar districts and started the distribution ...

Dubai / WAM The Director of Dubai Customs, Ahmed Mahboob Musabih, and the Chairperson of Friends of Cancer Patients Society (FoCP), Sawsan Jafar, have signed a strategic agreement on Sunday. The agreement will see Dubai Customs support the FoCP’s efforts and activities including awareness campaigns and donations. Commenting on the signing, Musabih said, “We are happy to have signed this ...

Dubai / Emirates Business In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations, financial knowledge is the foundation for long-term growth as understanding business finance enables companies and business ...

Bloomberg Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that ...

Bloomberg Russia breached its oil-output quota agreed with OPEC for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day in May, almost unchanged from a month earlier, according to data emailed by the Energy Ministry’s CDU-TEK statistics unit. That means its compliance with the ...

Bloomberg President Donald Trump wanted more US solar manufacturing — and now he’s getting it. Hanwha Q Cells Korea said it will build a factory in Georgia. JinkoSolar Holding Co. of China is planning one in Florida. And US companies SunPower Corp. and First Solar Inc. say they’ll boost production in Oregon and Ohio. The expansion underscores how immediate the ...

Bloomberg Even as defense ministers and military chiefs meeting in Singapore called out China for parking missiles on outposts in the disputed South China Sea, a bigger potential China-related hot spot looms. Concern about Taiwan — and recent sparring between Beijing and Washington over the democratically run island — percolated discussions at the annual IISS Shangri-La Dialogue, which was otherwise ...

Bloomberg South Korea’s exports rebounded in May following a surprise contraction in April as shipments of semiconductors hit a record high, a positive sign for global growth. Exports rose 13.5 percent in May from a year earlier, while imports jumped 12.6 percent, leaving a trade surplus of $6.73 billion. South Korea releases its trade data earlier than most other major ...

Bloomberg PropNex Realty Pte, Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalisation of as much as S$250 million, the people said, asking not to be identified as the deliberations are private. PropNex is considering launching ...