June, 2018

• 24 June

  Yemeni fishing sector resumes their activities in Hodeidah

  HODEIDAH / WAM Yemen’s fishing sector resumed its activities, restoring a major source of livelihood for its citizens, as part of the Saudi-led Arab Coalition’s efforts to retake the strategic port of Hodeidah from Iranian-backed Houthi militias, and to restore stability in liberated areas of Yemen’s Red Sea Coast. For many Yemenis in Hodeidah and its surrounding areas, fishing is ...

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• 24 June

  ERC offers financial rewards to doctors in Aden

  Aden / WAM The Emirates Red Crescent (ERC), presented financial rewards to doctors who worked during Eid al-Fitr in health centres across Aden, as a token of appreciation for their efforts to serve the community. The ERC team provided Dr. Ishraq Al Sebaie, Under-Secretary of the General Health and Population Ministry of Yemen, with the financial rewards for the doctors ...

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• 24 June

  Adnec, Seha partner for Abu Dhabi International Boat Show

  

  Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has announced its partnership with SEHA as Official Healthcare Provider for the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) 2018, which will be held from October 17-20 at the Abu Dhabi National Exhibition Centre. SEHA will be present at the show with a fully equipped mobile ...

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• 24 June

  Saudi vows decisive oil supply boost to comfort consumers

  

  Bloomberg Saudi Arabia promised to act decisively to keep oil prices under control, signalling a real supply boost approaching 1 million barrels a day is on the way to global markets. “We will do whatever is necessary to keep the market in balance,” Saudi Energy Minister Khalid Al-Falih told reporters, while sitting alongside his Russian counterpart Alexander Novak at OPEC ...

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• 24 June

  Egypt sets stage to end LNG tenders, resume exports

  

  Bloomberg Egypt may have just issued its last LNG tender, setting the stage to resume exports next year. Imports of liquefied natural gas may stop in the fourth quarter, allowing for exports to start early next year as Eni SpA’s Zohr and other gas fields boost production in the country and help to draw more foreign investment, Petroleum and Mineral ...

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• 24 June

  Chinese province aims for another clean power milestone

  

  Bloomberg A sparsely populated Chinese province that is home to the headwaters of the Yellow and Yangtze rivers is poised for another clean energy milestone. The northwest Chinese province of Qinghai is aiming to use only electricity generated from renewable sources, including hydroelectric pow-er, to supply its population of nearly 6 million over a nine-day period that started June 20, ...

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• 24 June

  No timeframe to revisit China listing, says Xiaomi

  

  Bloomberg Xiaomi Corp. said it hasn’t set a timeframe to revive an offering of Chinese depository shares, a delay that could hurt China’s ambitions to lure its tech giants to list in the domestic market. The Chinese phonemaker had no dispute with China Securities Regulatory Commission on the proposed listing, Chief Financial Officer Chew Shou Zi said at a briefing ...

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• 24 June

  Trade war sends jitters down hedge funds in China

  

  Bloomberg Donald Trump’s threats of a trade war with China are sending jitters through the hedge-fund community. Pinpoint Asset Management and SPQ Asia Capital have recently cut a measure of risk called net exposure — the difference between bullish and bearish bets — for hedge funds that invest in China. FengHe Asia Fund, which focuses on China, Taiwan and Vietnam, ...

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• 24 June

  Property market in China seen at risk

  

  Bloomberg A mad scramble by Chinese property developers to build up their land banks is taking its toll on the industry’s creditworthiness, with builders singled out as having the highest risk of default as channels of credit tighten. The Bloomberg Default risk model, which tracks metrics including share performance, liabilities and cash flow, shows a 0.87 percent average probability that ...

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• 24 June

  China handed the world a 111-mn-ton trash problem

  

  Bloomberg Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else’s junk, governments the world over knew they had ...

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