SHARJAH / WAM Ali Mehd Al Suwaidi, Chairman of the Sharjah Consultative Council (SCC) has hailed the organisation of elections to the advisory body as a farsighted step by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to ensure transparency and communication between the Council and the community. Al Suwaidi stressed that the ...

BLOOMBERG South African fuel and chemical maker Sasol Ltd took a 35 billion-rand ($1.9 billion) writedown on a facility at the heart of its operations and warned of regulatory uncertainty in the country as greenhouse-gas emissions rose. The “significant impairment” on the Secunda liquid fuels plant is reflective of Sasol’s reassessment of costs and the “need to remain realistic and ...

BLOOMBERG European natural gas prices plunged as traders gauged the state of crucial negotiations to avoid strikes at Australia’s biggest export facility for the fuel. Benchmark futures fluctuated wildly — briefly plummeting as much as 18% before paring the loss — after the contract settled at its highest level since April. The sharp moves highlight extreme nervousness in the market ...