Abu Dhabi / WAM The Emirates Red Crescent (ERC), has launched in Mukalla, Hadramaut Governorate, its third charity project to distribute Eid clothing. The project aims to distribute 7,000 clothes to the families of martyrs, children with disabilities and low-income families, as per the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Abu Dhabi / WAM The UAE will participate in the United Nations Conference on the Exploration and Peaceful Uses of Outer Space, ‘UNISPACE +50’, in the Austrian capital, Vienna, which will be held between June 18-21. The country will participate through a high level delegation from the UAE Space Agency, led by Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, ...

Bloomberg OPEC members Iran and Venezuela could lose almost 30 percent of their oil output next year due to US sanctions and economic upheaval, requiring extra supplies from the group’s Gulf members, the International Energy Agency said. In its first detailed forecast for 2019, the IEA said new oil output from outside OPEC — in particular US shale — should ...

Bloomberg Exxon Mobil Corp. is dipping its toe in the world of oil trading, hiring executives and showing an appetite for expanding its operations. Yet, the US-based company is moving carefully, still far away from building an in-house trading unit similar to the mighty businesses run Royal Dutch Shell Plc, BP Plc and Total SA. Exxon recently hired Paul Butcher, ...

Bloomberg Top US energy regulators declined to endorse the notion that power grids face a national emergency during a Senate hearing, tacitly rebuffing President Donald Trump’s argument to prop up struggling coal and nuclear plants. The five members of the Federal Energy Regulatory Commission were testifying before the Senate Energy and Natural Resources Committee when asked by New Mexico Democrat ...

Bloomberg American gas prices could double by 2040 as the US exports more liquefied natural gas, but consumers will be shielded as production of the fuel increases and trade balances improve. That’s the conclusion from a study commissioned by the US Department of Energy that found an almost 50 percent chance of gas reaching $5 to $6.50 per million British ...

Bloomberg Next year, the US government doesn’t see global or US crude production as high as it once did. The Energy Information Administration decreased its 2019 forecast for global production to 102.21 million barrels a day, with most of the downward revision from the Organization of Petroleum Exporting countries. World demand growth is unchanged. At the same time, it sees ...

Bloomberg Toyota Motor Corp. is making the largest ever bet by an automaker on ride hailing as it embraces new businesses that threaten to disrupt the industry’s traditional model of vehicle ownership. The world’s most profitable car manufacturer is investing $1 billion in Singapore’s Grab Holdings Inc., valuing Southeast Asia’s largest car-hailing service at just over $10 billion, according to ...

Bloomberg Sun Pharmaceutical Industries Ltd. shares extended a rally after US regulators lifted sanctions on a key plant, clearing the way for India’s biggest drugmaker to renew product launches from the facility after a two and a half year ban. The US Food and Drug Administration has closed its inspection of the Halol plant after the issues contained in a ...

Bloomberg Global trade faces greater uncertainty and there’s a risk progress that’s been made on commerce may unravel because of dispute between China and the US, Singapore Deputy Prime Minister Tharman Shanmugaratnam said. The relationship between the world’s two largest economies will be the most important in defining the future of global economics and trade, Shanmugaratnam said at a briefing ...