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Mohamed appoints board for ‘Frontline Heroes Office’

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Frontline Heroes Office, has appointed the Board of the Office, under the chairmanship of Sheikh Sultan bin Tahnoon Al Nahyan. The Board of the Frontline Heroes Office includes the following members: ...

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Oil hits $41 as new virus cases weigh against demand return

Bloomberg Oil traded near $41 a barrel in New York as coronavirus cases continued to surge globally, casting doubt over the market’s rebounding consumption. US crude traded lower, while Brent edged higher. Goldman Sachs recommended buying global benchmark futures over WTI as American inventories grow. US crude stockpiles rose last week, according to government data, but gasoline demand recovered to ...

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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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