News

Bloomberg Reliance Industries Ltd. will buy a controlling stake in local search engine and e-commerce marketplace, Just Dial Ltd, for as much as $767 million as Mukesh Ambani’s conglomerate looks to bolster its digital offerings. India’s most valuable company plans to acquire 66.95% stake in Just Dial through its arm, Reliance Retail Ventures Ltd. It will use a combination of ...

ERBIL / WAM The Emirates Red Crescent (ERC) provided relief aid to people affected by the fire that erupted in the Sharia Refugee Camp in Dohuk, Kurdistan Region, Iraq. A delegation from the ERC supervised the distribution of food, medical supplies, clothes, cooking equipment and other necessities to thousands of Iraqi refugees at the camp. The delegation, which is visiting ...

Abu Dhabi / WAM – Bloomberg World hunger spiked last year, outpacing population growth and probably reaching the highest since 2005, as the Covid-19 pandemic curbed incomes and access to food, according to the United Nations. As many as 811 million people — about a 10th of the global population — were undernourished in 2020, a UN report said. The ...

Bloomberg Top officials from the US, Germany and France each expressed confidence that a global tax deal endorsed at the Group of 20 meeting in Venice has enough momentum to overcome political obstacles in Washington and within the European Union (EU) in time for it to be finalised in October. “There’s more work to be done, but I’m really hopeful ...

New Delhi / WAM India’s Minister of State for External Affairs, who deals with the Gulf and the rest of the Arab world, V Muraleedharan, has held a meeting with Indian ambassadors in the Gulf to discuss initiatives to resume passenger flights to India from their countries of accreditation. “Our ambassadors were requested at that meeting to take up with ...

Bloomberg Oil falls this week for the first time since May after days of volatile trading in the wake of Opec+’s stalemate over a production increase in the near term. Futures in New York declined 0.8% this week, although the US crude benchmark closed higher amid a broader market rebound. A stronger dollar makes commodities priced in the currency less ...

Bloomberg The European Union (EU) proposed a swathe of new rules to bring the world of finance in line with its ambitious goal to make the region carbon neutral by the middle of the century. The European Commission wants tighter measures on banks and credit rating agencies to better reflect the risks climate change poses to the financial system. The ...

ISLAMABAD / WAM Pakistan has imported $6,199.069 million worth of goods against the imports of $5,976.483 million last year from the UAE, showing an increase of 3.72 percent. The State Bank of Pakistan (SBP) in its latest figures released said, that China topped the list of countries from where Pakistan imported different products during the first eleven months of financial ...

KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE Ambassador to Kuwait, has met with Marzouq Ali Al-Ghanim, Speaker of the National Assembly of Kuwait, and discussed means of developing relations between the two countries along with a number of issues of common concern. During the meeting, held at Al-Ghanim’s office at the National Assembly, the ambassador affirmed the UAE’s ...

Bloomberg Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince HRH Mohammed bin Salman looks to turn the kingdom into a global aviation hub. About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international ...