May, 2017

• 27 May

  DWTC hosts workshops on Pension Law in Dubai

  Dubai / WAM Mohammed Saqr Al Hammadi, Director of the Customers Happiness Department of the General Pensions & Social Security Authority (GPSSA), has called the insured to confirm that the specified period of pension eligibility is met before the resignation. He noted that only few days remained for those whose end of service files are received by the Authority. Such ...

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• 27 May

  ERC opens building for blind in Yemen

  

  Abu Dhabi / WAM Emirates Red Crescent (ERC) opened a building for blind in the Yemeni Directorate of Tarim in Hadramaut valley, following the completion of rehabilitation in accordance with an agreement signed last April to rehabilitate the building to support the community. The move is part of the ERC development and service projects carried out in Hadramaut and various ...

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• 27 May

  TRA wins Global Award in Mobile Government

  London / WAM The Center of Digital Innovation (CoDI), in the Telecommunications Regulatory Authority (TRA), won the Global Mobile Government Award during the Mobile Government World Summit 2017, held recently in the United Kingdom. More than 100 teams from around the world participated in the competition, and the participating UAE Project was ranked first regionally, and second globally as the best ...

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• 27 May

  Diesel fades from US roads amid lawsuits, probes

  

  Bloomberg It’s easy to imagine diesel will die in America. The troubles that started almost two years ago with the emissions scandal at Volkswagen AG just keep rolling on and on. News that General Motors Co. is now confronting a class-action lawsuit over 700,000 diesel trucks adds to the growing sense across the auto industry that the days of diesel ...

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• 27 May

  OPEC insiders reel as key minister fired during meeting

  

  Bloomberg As OPEC ministers gathered in Vienna to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he had been fired. The story broke as Algerian Energy Minister Noureddine Boutarfa attended a closed session with counterparts. First came an unconfirmed report from an Algerian TV station, ...

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• 27 May

  Kuwait’s Agility to pay $95mn to settle US ‘food supply’ case

  

  DUBAI / Reuters Kuwait’s Agility, one of the largest Gulf logistics companies, said it had agreed to pay $95 million in cash to settle a civil lawsuit accusing it of defrauding the United States military on food supply contracts. It follows the earlier settlement of the parallel criminal portion of the case involving more than $8.6 billion of contracts that ...

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• 27 May

  UK breaks solar power record on hottest day of the year

  

  Bloomberg Britain’s fleet of solar panels generated a record amount of electricity, as the nation basked in sunshine during the hottest day of the year. UK solar power output rose to a record 8.75 gigawatts at 1 p.m. London time, according to data compiled by National Grid Plc and Sheffield University. That satisfied 24% of electricity demand and broke the ...

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• 27 May

  Saudi take aims at swollen US oil stockpiles in strategy shift

  

  Bloomberg After sparing its prized US market from oil-output cuts, Saudi Arabia plans to “markedly” reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude inventories in the world’s biggest consumer. “Exports to the US will drop measurably,” Energy and Industry Minister Khalid Al-Falih told reporters after chairing a meeting ...

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• 27 May

  China’s bicycle renaissance no boon to biggest producers

  

  Bloomberg In China, a bicycle-sharing phenomenon is changing the way urban dwellers get around — and forcing listed manufacturers to scramble to get a slice of the profits. Across major cities such as Beijing and Shanghai, sidewalks are filling up with parked bikes that anyone with an app can unlock with a swipe of their phone. The cost is a ...

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• 27 May

  SoftBank weighs raising stake in chipmaker Nvidia

  

  Bloomberg SoftBank Group Corp., the Japanese company that raised a $93 billion fund for technology investments, is considering boosting its stake in chipmaker Nvidia Corp., people familiar with the matter said. The firm would raise its holding over time and begin to work more closely with Nvidia, the people said, asking not to be identified because the deliberations are private. ...

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