Bloomberg South Africa’s main stock index halts a two-day slump, rising 1.4% by 9:54 am in Johannesburg, as dollar weakness lifts the rand, driving locally focused stocks like insurers, financials and retailers Miners extend gains for a third day, rising as sustained demand from Chinese mills lifted iron ore prices, and as greenback weakness drives bullion back towards $2,000 an ...

Bloomberg India stocks climbed after the nation’s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth $19 billion. The S&P BSE Sensex traded 1.3% higher at 12:46 pm in Mumbai, with the surge in Bharti Airtel Ltd. helping the gauge break out of a tentative start to the day. The NSE Nifty 50 Index ...

Bloomberg China Evergrande Group’s shares fell the most in two weeks after the company said its debt load increased from the end of last year, falling short on a pledge to remake itself as a leaner company. The company’s total debt edged up 4% to 835 billion yuan at the end of June, compared with 800 billion yuan at the ...

Dubai / WAM Dubai Crown Prince and Chairman of the Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No. (24) of 2020 on tourist camps in Dubai. The Resolution seeks to reinforce Dubai’s status as a global holiday destination, regulate the set up and operation of tourist camps and enhance ...

Bloomberg Oil rises above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued. West Texas Intermediate futures snapped a two-day drop, rising 1.4% as of 2:34 pm in Dubai, while Brent crude for November settlement climbed around the same amount to $46.47. Data ...

Abu Dhabi / WAM A medical aid aircraft dispatched by the Emirates Red Crescent (ERC) arrived in Damascus, in coordination with the Syrian Arab Red Crescent, to help reduce the spread of coronavirus(Covid-19) pandemic and support the Syrian medical sector. The medical aid includes basic supplies used to maintain the precautionary and preventive measures aimed at confronting the coronavirus pandemic, ...

Bloomberg India’s economy contracted by the most on record last quarter as the world’s biggest lockdown to stem the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless. Gross domestic product shrinks 23.9% in the three months to June from a year earlier, the Statistics Ministry said in a report on Monday. That’s the sharpest ...

Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis & Disasters Committee for the Covid-19 Pandemic, in collaboration with the Department of Economic Development (DED) has allocated teams to communicate with private companies in Abu Dhabi to discuss their needs and obligations towards their expatriate employees. The move follows the leadership’s directives regarding the protection of workers and their rights, ...

Abu Dhabi / WAM The Healthcare Professionals Licensing Department at the Department of Health – Abu Dhabi (DoH) has issued 4,200 medical licences in 10 weeks, the same amount of time required previously to issue 1,200 licences, to doctors, nurses, and workers in support services. This comes as part of a series of initiatives and programmes launched by DoH, in ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, and Emirates Red Crescent (ERC), a humanitarian organisation that supports official authorities, launched initiatives to support Lebanon after the Beirut explosion. Etihad organised aid to support residents who had been injured or displaced from their homes in Beirut and gathered donations including medical equipment, clothes, and amenity ...