Bloomberg India’s stock benchmarks erased losses as investors assessed a nascent economic recovery. The S&P BSE Sensex added 0.1% to 46,289.58 as of 2:30 pm in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both indexes earlier dipped as much as 0.9%. Asian equities were broadly lower as investors considered the prospects of further virus-related business ...

ABU DHABI / WAM In a cabinet meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the formation of the National Human Rights Authority that aims to establish the country’s status in persevering human rights on regional and global spheres. The meeting, which took place in Abu ...

Bloomberg Oil came off session highs as the Organisation of Petroleum Exporting Countries (Opec) cut forecasts for oil demand again, pointing to uncertainties around the pandemic and the rollout of vaccines. Futures were little changed after rising as much as 1.9% in New York. The Opec in a monthly report reduced projections for global fuel consumption in the first quarter ...

BAHRAIN / WAM Bahrain’s Investcorp on Monday announced that it has acquired Sanos Group, a leading provider of specialised clinical trial services to the global pharmaceutical and biotechnology industry. Based in Denmark, Sanos is a global Contract Research Organisation (CRO) providing value-added services to pharma, biotech and research organisations to help plan and conduct clinical trials, a critical part in ...

ABU DHABI / WAM The Emirates Diplomatic Academy (EDA) co-hosted the fourth edition of the Future Diplomats Peace Game (FDPG), where renowned diplomats from around the world, EDA trainee-diplomats, ambassadors, and foreign policy experts, shed light on monumental repercussions of Covid-19 pandemic and world’s current global food security crisis. The EDA co-hosted the event in cooperation with the Foreign Policy ...

DUBAI / WAM Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, virtually met with Miri Regev, Israeli Minister of Transportation and Road Safety, in order to reinforce the bonds of cooperation between the two countries as part of the Abraham Accords between the United Arab Emirates and the State of Israel. During the meeting, which was attended by high-level ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) announced on Monday that its shareholders have approved a new progressive dividend policy for 2020-2022. During Taqa’s Extraordinary General Assembly meeting, the Board of Directors approved an interim dividend payment to shareholders, the company said in a statement on Monday. For the first nine months of 2020, the dividend payment ...

ABU DHABI / WAM Khidmah, a facility management and maintenance company, has announced the appointment of real-estate industry veteran Abdellatif Sfaxi as its new Chief Executive Officer (CEO). Sfaxi will be in charge of driving the company’s growth and expansion strategy moving forward and ensuring new and existing clients across the UAE and the GCC region continue to receive cost-competitive, ...

Dubai / WAM Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, virtually met with Miri Regev, Israeli Minister of Transportation and Road Safety, in order to reinforce the bonds of cooperation between the two countries as part of the Abraham Accords between the United Arab Emirates and the State of Israel. During the meeting, which was attended by high-level ...

SEOUL / WAM Abdullah Saif Al Nuaimi, UAE Ambassador to South Korea, met Park Byeong-seug, Speaker of the South Korean National Assembly. During the meeting, the two sides reviewed the distinguished relations the nations enjoy on the occasion of the 40th anniversary of the establishment of UAE-South Korean relations. The officials also explored ways of boosting cooperation, developing special strategic ...