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India plans to raise $2.7bn selling stakes in two firms

Bloomberg India is considering a plan to raise as much as 200 billion rupees ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on market sentiment, said the officials, who ...

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Covid-19: UAE reports 1,288 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted over 49,000 additional Covid-19 tests, using state-of-the-art medical testing equipment. In a statement, the ministry affirmed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. The ministry noted an additional ...

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Covid-19 crisis further solidified UAE, South Korea partnership

SEOUL / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the world has been experiencing extraordinary circumstances due to the unprecedented impact of the Covid-19 global health crisis, wherein the UAE and South Korea have proven the value of their friendship and showcased what two countries with shared interests, goals, ...

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