ABU DHABI / WAM The Arab Coalition in Support of Legitimacy in Yemen has said that the Iranian-backed Houthi militias are currently suffering from wide isolation and facing difficulty in enlisting recruits, a fact reflected in the great losses they sustained in the Yemeni districts of Al-Hodeidah and Saada. In a news conference in Saudi Arabia, the official spokesman of …

Bloomberg They are the building blocks of our daily stuff, from sports shoes to computer keyboards, created when oil and natural gas molecules are split, or cracked, to produce ethylene, propylene and other chemicals. The petrochemicals are big business in the oil-rich Persian Gulf, and they’re poised for further growth. Energy producers view these compounds increasingly as a key to …

Bloomberg Petroleo Brasileiro SA jumped on news that its chief financial officer is taking over as interim CEO, offering some continuity to investors rattled by political pressure at the state-controlled oil producer. Ivan Monteiro was named after the resignation of Pedro Parente, as Brazilian politicians called for a chief executive officer more focussed on the good of the nation than …