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NDF, DIHF sign MoU to support programmes to combat blindness

  Dubai / Emirates Business Noor Dubai Foundation (NDF), a Dubai based non-governmental organization (NGO) active in prevention of avoidable causes of blindness, and Dubai Islamic Humanitarian Foundation (DIHF) extended their partnership by signing a memorandum of understanding (MoU) for the sixth consecutive year. DIHF has helped sponsor eye treatment and surgeries in Asia and Africa and will now extend ...

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JSW to buy Jindal Steel’s $975 million power unit

  Mumbai / Bloomberg Jindal Steel & Power Ltd. will sell its 1,000-megawatt generator in central India to JSW Energy Ltd. as the company kicks off a restructuring plan to boost finances. Mumbai-based JSW will pay at least 40 billion rupees ($600 million), excluding net current assets, according to an exchange filing. Jindal Steel will be paid an additional 25 ...

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China to simplify cross-border gold trade

  Beijing / Bloomberg China, the largest gold producer and consumer, is simplifying procedures for cross-border trade, a move that may speed up imports. The central bank and customs will allow companies that have “frequent imports and exports” of gold and gold products to apply for a single permit that can be used in as many as 12 shipments, the ...

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