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Rupee declines with India stocks as rescue package falls flat

Bloomberg India’s rupee declined the most in two weeks, and stocks fell as investors were unimpressed by the government’s economic stimulus package. The rupee weakened as much as 0.5% in the third day of declines. The S&P BSE Sensex of stocks slid 2.8% at 2:50 pm in Mumbai, while the NSE Nifty 50 Index slipped by a similar magnitude. Both ...

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Covid-19: Abu Dhabi University creates face shield prototype

ABU DHABI / WAM The Abu Dhabi University (ADU) College of Engineering (COE) has rallied its engineering labs to join the fight against Covid-19, and by working closely with hospitals in Abu Dhabi produced over 1,000 clips required for face masks within just two days. Additionally, ADU has successfully developed its first prototype of a face shield to be provided ...

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Etihad Rail’s second phase contracts valued at AED18b

ABU DHABI / WAM Mohammed Rashid Al Marzouqi, Executive Director of Relations at Etihad Rail, stated that the total value of contracts for the second phase of its national railway network project amounted to AED18 billion. In his exclusive statement to the Emirates News Agency (WAM) Al Marzouqi said the project is progressing well, and Etihad Rail has begun construction ...

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