May, 2019

• 4 May

  ERC distributes food aid to 60,000 families in Malawi

  

  Abu Dhabi / WAM The Emirates Red Crescent (ERC), offered food baskets and dietary supplements to 60,000 families, including children, affected by the tropical cyclone, Idai in Malawi. The ERC is implementing the second phase of its relief programme for those affected by the cyclone. The ERC said that the ERC’s latest food assistance is part of the massive relief ...

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• 4 May

  Etihad to add second daily flight to Moscow from Oct

  

  Abu Dhabi / Emirates Business Building on the success of its current daily service between the capitals of the UAE and Russia, Etihad Airways has announced a new second daily flight between Abu Dhabi and Moscow’s Domodedovo airport, which will operate seasonally between October 27 and May 10, 2020. The additional flight, operated by an Airbus A320, will provide more ...

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• 4 May

  Adnec announces choc-a-bloc calendar in May

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) is hosting several events in May, adding further momentum to its ongoing efforts to enhance the UAE capital’s position as a regional business tourism hub. Adnec has made all the necessary arrangements for the upcoming events and exhibitions that celebrate the Holy Month of Ramadan, featuring a mix of activities, ...

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• 4 May

  Employers key partners to ensuring Emirati rights: Al Sahlawi

  

  Abu Dhabi / WAM Employers are vital partners to ensuring the rights of Emiratis are sustained, and attaining the UAE’s overall objectives and visions, said an official from the General Pension and Social Security Authority (GPSSA). Hanan Al Sahlawi, GPSSA Acting Executive Director, said that the Authority considers employers as strategic partners to achieve the objectives of the country that aim ...

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• 4 May

  Shell earnings top estimates as natural gas leads the way

  

  Bloomberg Royal Dutch Shell Plc’s first-quarter earnings beat even the highest analyst estimate as its natural gas business led a strong companywide performance. Shares rose. Shell gives a positive ending to a mixed Big Oil earnings season, which showed companies mostly recovering from a worst-in-a-generation downturn but unable to fully insulate themselves against volatile markets. While BP Plc, Chevron Corp. ...

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• 4 May

  Eni to focus on saving African forests to offset CO2 emissions

  

  Bloomberg Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation. The project is part of the Italian energy giant’s goal of removing the equivalent of 20 million tons a year of carbon dioxide from the atmosphere by 2030. On top of efforts to improve operational efficiency and ...

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• 4 May

  TransCanada’s first quarter profit beats estimates

  

  Bloomberg TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects. TransCanada is benefiting from increased energy production and a shortage of pipeline capacity that’s keeping its Keystone oil pipeline system and Columbia natural gas system running at ...

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• 4 May

  India’s oil demand grows for 4th month

  Bloomberg India’s oil demand grew for a fourth month in March, although the pace of gains slowed from February as falling vehicle sales weighed on transportation fuel consumption even amid campaigning for federal elections. Total usage of oil products rose 1.3% y/y to 18.9m tonnes in March, according to the oil ministry’s Petroleum Planning & Analysis Cell Demand in the ...

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• 4 May

  India’s Ambani needs $2b to save last bastion

  

  Bloomberg The last stronghold in embattled businessman Anil Ambani’s phone carrier-to-power empire is also developing fault lines. Reliance Capital Ltd, his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress plaguing the wider conglomerate. Now, the company that controls India’s fifth-biggest mutual fund, is racing to close a planned $2 billion ...

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• 4 May

  Jho Low’s empty $39mn Los Angeles mansion to be sold

  Bloomberg US prosecutors and representatives of fugitive Malaysian financier Low Taek Jho want to sell a $39 million mansion in Los Angeles he bought in 2012 with money allegedly stolen from the state-owned 1MDB investment fund. The empty mansion above the trendy Sunset Strip is falling into further disrepair by the day and is costing $690,000 a year in taxes, ...

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