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Bloomberg India’s shrinking economy is not stopping foreign investors from pouring money into the nation’s stocks betting on a recovery. International buyers plowed a net $6 billion into shares in Asia’s third-largest economy in August, the most since March last year. That’s as all other markets in the region excluding China suffered net withdrawals during the month. Part of it ...

Abu Dhabi / WAM The United Arab Emirates helped bring various Sudanese rebel groups to the negotiating table, which eventually led to the historic peace accord in Sudan, a top Sudanese diplomat told Emirates News Agency (WAM). “The UAE has played a significant role in achieving the peace accord. They closely followed the negotiations since the beginning and offered assistance ...

Abu Dhabi / WAM A delegation from the Emirates Red Crescent (ERC) currently visiting the Comoros Islands, has inspected the work progress on several development projects, which are being implemented to support the health and education sectors. The visit is part of ERC’s ongoing initiatives in the development and reconstruction of Comoros, and to foster the UAE’s efforts to rehabilitate ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued the Emiri Decree No. 11 for 2020, to adopt the fourth government’s package to support Ajman’s local transport sector. The decree aims to reduce the economic and financial burdens on the local community and business sector and mitigate the social ...

DAMASCUS / WAM Damascus received the second batch of medical aid sent by the UAE to help reduce the spread of the Covid-19 pandemic and support the Syrian medical sector in coordination with the Syrian Arab Red Crescent. A medical aid aircraft dispatched by the Emirates Red Crescent (ERC) arrived in Damascus, carrying 25 tonnes of medications and medical supplies ...

Dubai / WAM Emirates has announced it will resume passenger services to Amman, Jordan from September 8. The resumption of flights to the Jordanian capital takes the number of destinations Emirates serves in the Gulf and Middle East to eight cities, as the airline gradually resumes operations with the safety of its customers, crew and communities as its top priority. ...

Dubai / WAM The Dubai Health Authority (DHA) and Higher Colleges of Technology (HCT) signed a Memorandum of Understanding (MoU) on Wednesday to strengthen the capabilities of Emirati medical cadres. The MoU will contribute towards developing human capabilities specialising in various healthcare fields, raising the efficiency of health personnel, and supporting the health sector. Humaid Al Qutami, Director-General of the ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Wednesday, that it has entered into a long-term strategic investment with accounts and entities owned and/or advised by Apollo Global Management Inc. and its subsidiaries (collectively “Apollo”), one of the world’s largest alternative investment managers, and a group of institutional investors, for an underlying real estate portfolio ...

Bloomberg Germany racked up near-record demand for a bond sale in its debut green debt offering, grabbing nearly a tenth of the growing global market. It raised $7.7 billion from the 10-year sale, with demand more than five times that at 33 billion euros. The strong investor interest meant it priced one basis point tighter to the existing conventional bond. ...

Bloomberg Oil rises on signs a glut was easing with US crude stockpiles shrinking for a sixth week. The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines this year if confirmed by government data. Yet, there are lingering concerns about ...