ABU DHABI / WAM The European Commission hopes to attract more GCC investors and financial institutions to fund its €800 billion NextGenerationEU programme, than the current one percent, said Johannes Hahn, EU Commissioner for Budget and Administration. NextGenerationEU is a temporary recovery instrument to help Europe repair the immediate economic and social damage brought about by the Covid-19 pandemic. …

  Bloomberg The conglomerate led by Mukesh Ambani, Asia’s richest man, announced plans to invest $76 billion towards clean energy projects, dwarfing an earlier commitment of $10 billion by the world’s biggest fossil-fuel billionaire. Reliance Industries Ltd., controlled by Ambani, has signed pacts with the state government of Gujarat for a total investment of 5.96 trillion rupees ($81 billion), according …

  Bloomberg High seaborne prices for coal will push India to lift domestic supplies and accelerate efforts to curb imports, according to a top government official. The country’s miners, including state-run Coal India Ltd., are preparing to meet the entire coal demand from grid-connected power plants in the fiscal year starting in April, federal Coal Secretary Anil Kumar Jain said …