May, 2020

• 15 May

  RAKTDA unveils measures to protect guest wellbeing

  

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA) is working closely with hospitality partners and Government Authorities to safely welcome guests back to the emirate as restrictions are gradually eased, and hotel pools and beaches become accessible to visitors. To ensure the wellbeing and safety of visitors and employees, the authority is in ongoing dialogue ...

  Read More »
• 15 May

  DCT Abu Dhabi launches new series of virtual conversations

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced the organisation of a series of virtual conversations hosted and chaired by Chairman Mohamed Khalifa Al Mubarak. Starting from May 18, the Cultur-All conversations will feature distinguished participants from the region and around the world tackling important and relevant cultural topics. The sessions ...

  Read More »
• 15 May

  UAE continues Ramadan Mir campaign in Yemen

  

  HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) is continuing its Ramadan Mir campaign in Yemen, upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Under this framework, the ERC distributed 1,000 food parcels weighing 42.8 tonnes ...

  Read More »
• 14 May

  World’s most controversial gas pipeline nears ‘endgame’

  

  Bloomberg Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute that’s pitted the US against Russia and some of its closest trans-Atlantic allies, satellite images show. The Nord Stream 2 pipeline, built to increase the flow of Russian gas into Europe’s biggest economy, was thwarted five months ago after US ...

  Read More »
• 14 May

  Quantum eyes $5.5b for new fund amid energy-market rout

  

  Bloomberg Quantum Energy Partners is in discussions to raise roughly $5.5 billion for a new fund designed to pounce on opportunities that arise amid turmoil in energy markets, according to people with knowledge of the matter. The Houston-based private equity firm, which sold a minority stake to Neuberger Berman’s Dyal Capital Partners, has begun discussing the new fund with prospective ...

  Read More »
• 14 May

  ENN Energy aims for sub-zero gas prices

  

  Bloomberg One of China’s biggest natural gas distributors flagged the possibility of sub-zero market prices at its shareholder meeting, a scenario that would echo oil’s record plunge last month that stunned global markets. Gas prices could turn negative due to a lack of storage capacity, Wang Yusuo, the billionaire chairman of ENN Energy Holdings Ltd, said. He didn’t specify any ...

  Read More »
• 14 May

  Mexico power reliability proposal challenges renewable sources

  

  Bloomberg Mexico’s energy ministry is seeking to prioritise state-run utilities over new entrants to support supply stability, according to a draft proposal seen by Bloomberg News, a step that could place restrictions on expanding the country’s renewable power capacity. The plan is the latest among moves by President Andres Manuel Lopez Obrador’s administration to reduce private sector generation, which have ...

  Read More »
• 14 May

  ‘Murray Energy violated deal in loan default’

  Bloomberg Murray Energy Corp allegedly violated a bankruptcy financing agreement after manipulating financial information, according to court papers filed by one of its lenders. GACP Finance, owed some $90 million under a loan tied up in Murray Energy’s bankruptcy financing package, delivered a notice of default to the coal miner, court papers show. The lender alleges Murray improperly included non-coal ...

  Read More »
• 14 May

  French power demand jumps to six-week high

  Bloomberg French electricity demand jumped to a six-week high as the nation began to ease restrictions on travel, business and schools as deaths from coronavirus continued to recede. Appetite for power in Italy and Germany continued to rise, leaving the UK, where coronavirus-related restrictions are slowly starting to lift, on its own with consumption falling week-on-week. A pickup in demand ...

  Read More »
• 14 May

  Will US top court rectify its ‘immunity mistake’?

  

  The table around which the Supreme Court justices gather for conferences might groan on Friday beneath the weight of cert petitions — requests for the court to accept 11 cases arising from lower court decisions involving plaintiffs seeking redress for violations of their civil rights. In 10 of the cases — in all but one, the government defendants were in ...

  Read More »