May, 2020

• 28 May

  OECD recognises UAE’s efforts in fighting coronavirus pandemic

  

  DUBAI / WAM The Organisation for Economic Cooperation and Development (OECD) has recognised the determined efforts of the United Arab Emirates in fighting the coronavirus pandemic and the effective measures taken by the country’s government to limit the fallout of the crisis on different areas, including social and economic sectors. The commendation followed an ongoing analysis issued by the organisation ...

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• 28 May

  UAE will spare no effort in promoting civilians’ protection

  

  NEW YORK / WAM The UAE has renewed its commitment to bridging the gap between rhetoric and action to protect civilians and upholding international law during an open debate of the UN Security Council on the protection of civilians. In its written submission to the UN Security Council, the UAE stated, “These are difficult times for civilians in conflict-affected areas ...

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• 28 May

  UAE Pro League launches ‘Child Safeguarding’ initiative

  

  ABU DHABI / WAM The UAE Pro League has become the first governing body in the Middle East to launch a pioneering ‘Child Safeguarding’ programme aimed at ensuring children can enjoy their right to play football in a safe and inclusive environment, and preventing any risk of harm to children involved in the game. The initiative is part of the ...

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• 28 May

  UAE reports 30% drop in nitrogen dioxide levels

  

  DUBAI / WAM The Ministry of Climate Change and Environment (MOCCAE) recorded a notable drop in the concentration of major air pollutants due to the transportation restrictions that have been imposed to counter the spread of Covid-19. In this context, MOCCAE reported an average 30 percent decline in the levels of nitrogen dioxide (NO2) across UAE between February 1 and ...

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• 28 May

  Covid-19: UAE reports 314 new recoveries

  

  ABU DHABI / WAM In line with the Ministry of Health and Prevention’s plans to increase Covid-19 testing throughout the country for the early detection of infections, particularly among those who had contact with already infected cases, the ministry has conducted 38,000 additional tests. Testing resulted in the detection of 563 new cases among various nationalities, bringing the total number ...

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• 28 May

  Chevron plans job cuts with about 6,000 workers at risk

  

  Bloomberg Chevron Corp is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global oil majors following the Covid-19 pandemic. The cuts equate to about 6,000 of its 45,000 non-gas station employees and may be a precursor to staffing reductions at Big Oil rivals such as BP Plc and Royal ...

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• 28 May

  Exxon shareholders vote against senior management roles

  

  Bloomberg Exxon Mobil Corp shareholders voted against separating the roles of chairman and chief executive officer as the oil giant navigates a historic collapse in crude prices. Just 33% of investors backed the proposal to create an independent chairman position, compared with 41% last year. Proxy advisers Glass Lewis & Co and Egan-Jones Proxy Services had recommended that shareholders vote ...

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• 28 May

  Comeback in US shale a year away: Oil chief

  

  Bloomberg Even if the economy continues to recover and a second wave of the pandemic is less damaging than the first, US shale drillers may still take at least a year before moving rigs back into the field, according to the leader of an oilfield-services company. Precision Drilling Corp CEO Kevin Neveu said activity in US shale basins is in ...

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• 28 May

  Trump loses bid to kill solar loophole

  

  Bloomberg The Trump administration lost another bid to kill a tariff loophole on imported solar equipment, enabling American developers to continue skirting its duties for the time being. A US trade court rejected the administration’s request to clear the way for removal of a tariff exemption on bifacial, or two-sided, panels. US Court of International Trade Judge Gary Katzmann said ...

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• 28 May

  Covid-19 is going to hasten demise of many oil refineries

  

  Bloomberg Who needs a loss-making, inflexible oil refinery in a world where demand for petroleum has been obliterated? We’re about to find out. When consumption of transport fuels collapsed this year because of coronavirus, much of the industry moved into survival mode, cutting processing rates and even temporarily stopping refining in some cases. While that helped prop up the industry’s ...

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