Bloomberg India’s benchmark stock index swung between gains and losses as investors assessed the recent rally that drove the gauge to a six-month high. The S&P BSE Sensex was little changed at 38,813.79 as of 11:42 am in Mumbai, having fluctuated between an advance of 0.5% and a decline of 0.3%. The NSE Nifty 50 Index was also little changed. ...

ABU DHABI / WAM PCI Pharma Services (PCI), a leading pharmaceutical and biopharmaceutical global supply chain solutions provider, and portfolio company of Partners Group, announced on Monday the signing of a definitive agreement for the acquisition of majority stake in the company by Kohlberg & Company, LLC (Kohlberg). Kohlberg is a leading private equity firm headquartered in Mount Kisco, New ...

Bloomberg Oil edged higher as production was disrupted by two storms approaching the US Gulf Coast. Futures rose 0.8% in New York. Almost 58% of crude output, or more than 1 million barrels a day, in the Gulf of Mexico was closed as of midday. The storms Marco and Laura — the latter of which is forecast to become a ...

Abu Dhabi / WAM Noor Takaful, an Islamic insurance entity, has entered a strategic partnership with Ajman Bank. The partnership will see the addition of an array of solutions to Ajman Bank’s portfolio, ensuring their customers’ genuine Takaful requirements are met. Customers that have financial commitments underway will now have access to a comprehensive range of Takaful savings solutions, such ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA) announced that it has been named for a second time ‘Global Aluminium Supplier of the Year’ by Maxion Wheels, the world’s leading manufacturer of steel and aluminium wheels for passenger, commercial, and specialty vehicles. Maxion Wheels has used EGA’s metal since 1995 and produces more than 55 million wheels annually, supplying virtually ...

ABU DHABI / WAM The Khalifa Fund for Enterprise Development officially announced the completion of the 2019-2020 edition of the “Franchise Initiative”, which saw three UAE-owned and operated businesses become the latest organisations to benefit from the long-serving initiative, and become ready to expand. This year, the initiative supported Amaryliss Flowers, a one-stop-shop for flower arrangements which imports premium quality ...

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy revealed that the number of active trademark files on its ‘IP Gateway’ reached 5,126 in the first six months of 2020, a 14 percent increase compared to H1 2019. Meanwhile, the number of complaints registered for infringement of intellectual property (IP) in the first half of ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Mohammed Haneef Atmar, Minister for Foreign Affairs of Afghanistan, have discussed strategic and cooperation relations between the two countries in various fields. This came during a telephone call, wherein the ministers exchanged views on the latest regional and international developments, ...

Fujairah / WAM National Bank of Fujairah (NBF) on Monday announced the launch of “NBF Connect”, a dedicated and exclusive banking platform for Small and Medium Enterprises (SMEs) and the first of its kind in the UAE. The community platform will serve as a one-stop shop for SME members, which will include access to a suite of services and solutions ...

Abu Dhabi / WAM The United Arab Emirates has provided 500 food parcels containing 21.4 tonnes of food aid to the residents of Mukalla District, Hadramaut Governorate, benefitting 2,500 members of underprivileged families. The food aid, which was distributed by Emirates Red Crescent (ERC) teams, is part of the UAE’s efforts to alleviate the suffering of local people and normalise ...