Abu Dhabi / WAM The Emirates Red Crescent (ERC), and Siemens International signed a Memorandum of Understating (MoU), to support the health sector in Yemen. The signing of the MoU is part of the ERC’s strategy to promote its humanitarian partnerships around the world and attract the attention of large companies and institutions to humanitarian issues that concern people, as ...
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SGTS, AUS turn UAE heritage site into VR destination
Sharjah / WAM The remarkable and historical story of Wadi Al Helo – one of Sharjah’s Unesco World Heritage-nominated cultural heritage sites – is being told using a unique Virtual Reality, VR, application developed by the management office of ‘Sharjah: The Gateway to Trucial States’ (SGTS), and the American University of Sharjah (AUS), in an effort to highlight Sharjah’s important role ...
Read More »LNG import boom no relief for Australian gas prices
Bloomberg Plans in Australia to import gas to ease a supply squeeze may fail to bring down domestic prices as it pits the nation against some of the world’s biggest buyers for supplies. Australia finds itself in the odd position of having to consider four projects to import liquefied natural gas (LNG) while simultaneously being on track to become the ...
Read More »Brazil’s Bolsonaro seeks $30bn oil boon
Bloomberg President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he’s facing the same political obstacles as his two predecessors. While Bolsonaro’s transition team argues the sale could net some $30 billion to help plug fiscal deficits, a squabble over how to divvy up the spoils between various states and ...
Read More »UK weighs hydrogen as ‘green form of heat’
Bloomberg An influential panel of lawmakers in UK parliament is encouraging the government to develop hydrogen as a way to provide a green form of heat for industry and homes. The Committee on Climate Change, which advises the government on energy and environmental policies, said ministers should write a strategy for removing carbon emissions from heat in the next three ...
Read More »Oil rises from one-year low
Bloomberg Oil rose from its lowest settlement in more than a year in New York. Futures added 1.7 percent, after slumping 7.7 percent. Saudi Arabia is pumping as much as 11.2 million barrels of crude a day, the most since the kingdom extracted its first oil eight decades ago, according to a person familiar with the matter. Theb West Texas ...
Read More »Western Canadians slam lack of oil aid in budget
Bloomberg Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West. Alberta’s Finance Minister Joe Ceci, while welcoming corporate tax breaks announced, said he was disappointed that the urgent need to ease a dramatic crude-shipping glut and price crash wasn’t addressed. The tax changes that will allow businesses to write off capital investments more quickly will help oil ...
Read More »Souring US ties prompt China to seek sweeter Indian trade
Bloomberg The ongoing trade war between China and the US is pushing the Asian powerhouse to sweeten ties with neighbouring India. China’s refiners are considering the purchase of unprecedented amounts of Indian raw sugar, with a delegation visiting the South Asian nation next month to meet mill officials and inspect logistics infrastructure, according to an Indian official. Refiners may buy ...
Read More »RCom tells top court asset sale to Jio at risk from India demand
Bloomberg Billionaire Anil Ambani’s Reliance Communications Ltd. has told India’s top court that its asset sale to Reliance Jio Infocomm Ltd. may not go through if approvals aren’t in place by mid-December, putting at risk planned debt repayments by the distressed company. India’s government has moved the Supreme Court against allowing the sale unless it is given $417 million in ...
Read More »Massive dust storm engulfs northwestern Chinese city
Bloomberg A massive dust storm rolled through China’s northwestern province of Gansu on Sunday, enveloping office blocks and apartment buildings. The People’s Daily posted footage of the dust storm advancing through Gansu’s Zhangye city to its social media accounts on Sunday. The mass reached 100 metres and blotted out the blue sky as it moved through the city, according to ...
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