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ABU DHABI / WAM Zakat Fund announced that it has transferred AED47.9 million in zakat money for April and May. Abdullah Bin Oqeedah Almuhairi, Zakat Fund Secretary-General, stated that 10,903 eligible families benefitted from zakat money. Funds disbursed for the two months accounted for 55 percent of total disbursements paid since the start of the year, he noted. Zakat Fund’s ...

DUBAI / WAM Dubai Customs has announced the official working hours at its customs centres during the Eid Al Fitr holiday, to help individuals and companies clear their goods without any delay. Air customs centres at Dubai Cargo Village, Dubai Airport Free Zone- gate number (5), Al Maktoum Airport Cargo Centre, and inspection section at Dubai Multi Commodities Centre will ...

Abu Dhabi / Emirates Business The UAE company “R Med Medical Supplies”, based in Abu Dhabi, announced that it has registered as intellectual property the SterixGate product – a unique disinfecting gate to cope with the accelerating Covid-19 pandemic worldwide, and stop the spread of the virus in public areas and high footfall destinations, according to IP-certificate No. EC-1-002799 issued ...

SHARJAH / WAM The Sharjah Electricity and Water Authority (Sewa) revealed the increase in number of water samples examined in the laboratory of water desalination plants was 3,000 from the beginning of the current year until the end of April 2020. In the previous year, Sewa examined 8,420 water samples, intending to provide high-quality drinking water, in line with the ...

SHARJAH / WAM The Sharjah Virtual Reading Festival 2020 (SVRF 2020) has been postponed to the third quarter, organiser, Sharjah Book Authority (SBA) has announced. The 10-day cultural festival was originally slated for a May 27 opening. SVRF 2020 has been postponed as its current dates coincide with the upcoming school examination schedule in the UAE and other countries. Targeting ...

Bloomberg The UK’s biggest pension fund by membership said it will back a climate resolution asking for France’s Total SA to adopt a tougher stance on climate change at its annual shareholder meeting next week. The resolution was brought by 11 European asset managers last month, in another example of investors pressuring Big Oil to tackle environmental challenges. Since then, ...

Bloomberg When BP Plc announced its plans to tackle its carbon emissions in February, it overshadowed another big change: Getting rid of the traditional Big Oil corporate structure split between refining and production. Those changes are now pressing ahead as Chief Executive Officer Bernard Looney, in a memo sent to staff on May 14, said his new leadership team have ...

Bloomberg Venezuelans forced to queue for days to fill up their cars with gasoline are now facing a growing shortage of propane to cook after a processing plant caught fire and distribution is being rationed. The Jose petrochemical complex that supplies propane used by about 90% of Venezuelans to cook has slowed production since a fire and a pipeline leakage, ...

Bloomberg Returns from turning oil into fuels are lagging behind crude’s jump, signalling that prices are still vulnerable and demand may not be recovering fast enough to justify the rally. Crude futures have soared 73% in May, rebounding from their historic crash below zero just over a month ago, helped by production cuts across the globe after the coronavirus crisis ...

Bloomberg The oil and natural gas capital of the world is going all-in on solar power. Houston will begin a new five-year contact in July with NRG Energy Inc to power all of its city-owned properties, from fire stations to airports, with renewable energy. The move means the nation’s fourth-largest city will reach its goal of 100% renewable power five ...