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ERC delivers 5,000 food baskets in Aden

ADEN / WAM The Emirates Red Crescent (ERC), delivered 5000 food baskets to the people in districts of Aden and Internally Displaced Persons (IDPs), who came to Aden from Governorates of Taiz and Hoideidah, as part of its Year of Zayed activities in Yemen. Nagwa Mohammed Fadhle, Executive Manager of Aden Micro-Finance Foundation, said hundreds of families in the most ...

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Rakbank, Sage announce partnership agreement

DUBAI / Emirates Business Sage, the market leader in cloud business management solutions, and the Rakbank announced a partnership agreement. This would entail Rakbank to offer Sage accounting software to support its Business Banking customers of all sizes and across all industries. Through this partnership, Rakbank’s business customers can benefit from Sage Business Cloud Accounting software at preferential rates. Sage ...

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Emirates ups Luanda flights

DUBAI / Emirates Business Emirates announced on Tuesday it will reinstate two weekly flights between Luanda and Dubai, increasing capacity to five flights per week between the two cities, starting from July 1. Customers can look forward to a daily service starting from the winter schedule. These additional flights will give passengers more travel choices and address the growing demand ...

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Russia boosts oil output to 14-month high

Bloomberg Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement. The nation boosted crude supply to the highest in 14 months in the first week of June as some companies breached their caps, said a person with knowledge of the matter. While both the ...

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Solar beats gas, wind as biggest source of new US power

Bloomberg Despite tariffs that President Trump imposed on imported panels, the US installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report on Tuesday from the Solar Energy Industries Association and GTM Research. That accounted ...

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Sempra Energy soars on Elliott’s bid to streamline and sell assets

Bloomberg Sempra Energy shares had their biggest ever intraday gain as Elliott Management Corp. and Bluescape Resources called for a sweeping overhaul, including selling the company’s Mexican and South American utilities and spinning off its US liquefied natural gas business. The two activist funds together hold a 4.9 percent interest in Sempra — whose assets include San Diego Gas & ...

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