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Bloomberg Three buyout funds offered to acquire Spanish phone company Masmovil Ibercom SA for 3 billion euros ($3.3 billion), in one of the largest private equity deals to emerge during the coronavirus. Its shares surged the most on record. KKR & Co., Cinven Ltd. and Providence Equity Partners LLC offered 22.5 euros a share for the company. The bid, which ...

ABU DHABI / WAM The total number of business licences issued in the UAE in May amounted to 648,684, an increase of 1,035 licences from those recorded at the end of April, as per statistics from the National Economic Register. This increase highlights the continuity of economic activities in the country, despite the global slowdown of the sector. The monitoring ...

Abu Dhabi / WAM The Abu Dhabi Housing Authority (Adha) has said its customers are now able to “self-complete” their housing applications online or via its smart app. In a statement on Sunday, Adha said the new feature is in line with its efforts to support all citizens and their requirements during the current circumstances.” The service will allow customers ...

Bloomberg Opec+ members are close to a decision to bring forward their next meeting by a few days, according to people familiar with the situation. If confirmed, the move would give the cartel and its allies more room for maneuver to change the current production limits. The existing deal — struck in April as demand collapsed amid the pandemic — ...

Bloomberg Thailand’s parliament approved a 1.9 trillion baht ($60 billion) stimulus package to counter a recession but divisions emerged in the ruling coalition over how to monitor the program. Lawmakers on Sunday voted in favour of bills authorising 1 trillion baht of borrowing for government spending and 900 billion baht of steps by the Bank of Thailand. Two key parties ...

Abu Dhabi / WAM The Emirates News Agency (WAM) has broadened the scope of its news services by adding five new languages, which are Sri Lankan (Sinhala), Malayalam, Indonesian, Bengali and Pashto, to offer its coverage to around 551 million people who speak these languages. The addition of new languages is part of WAM’s efforts to achieve its news services ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will continue to serve all and pursue all efforts to deliver the UAE Centennial Plan 2071 which aims to make the UAE among the best countries in the world. “The government has worked remotely with efficiency, during ...

ABU DHABI / WAM The Abu Dhabi Housing Authority (Adha) has said its customers are now able to “self-complete” their housing applications online or via its smart app. In a statement on Sunday, Adha said the new feature “Is in line with its efforts to support all citizens and their requirements during the current circumstances.” The service will allow customers ...

RAS AL KHAIMAH / WAM Following the directions of His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, and follow-up from HH Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, Chairman of the Executive Council, the Government of Ras Al Khaimah has announced the launch of ...

ABU DHABI / WAM The Emirates Nation Brand’s commitment to plant a tree for every vote received during the Nation Brand Selection Campaign is being fulfilled, despite travel restrictions, curfews and lockdowns being experienced as the world counters the new coronavirus. The long-term planting projects will bring much-needed stability and continuity to rural communities in both Nepal and Indonesia, with ...