The sterilisation operation comes as a step for reopening mosques, however, the date for reopening the mosques has not been announced. Videos showing preparations and precautionary measures in full …
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Abu Dhabi wealth fund to invest $752m in Mukesh Ambani’s Jio platforms
The Abu Dhabi Investment Authority will invest $752m in Jio Platforms, joining a roster of marquee investors backing billionaire Mukesh Ambani’s dream of creating an Indian tech titan. Adia, the Gulf …
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India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority
Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to …
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India’s Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit
Indian oil-to-telecoms conglomerate Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 …
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Dubai Leads Gulf Stocks Higher After OPEC Extends Output Cuts
Dubai shares climbed the most in the Gulf on after OPEC+ agreed to a one-month extension of its record output cuts, underpinning the recovery in oil prices.
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Heavy traffic towards Dubai from Sharjah: Police
They advised motorists to take caution and take alternative routes. According to Google Maps, heavy traffic congestion was observed on key highways like E311 Sheikh Mohammed bin Zayed Road from …
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Sharjah charity clears inmates’ debts worth Dh1,333,485
Sharjah Charity Association has cleared the financial dues of 25 prisoners totalling Dh1,333,485 at the Punitive Rehabilitation Centre in Sharjah, a top police official has said. Brigadier Ahmad …
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Dubai Sheikh’s Highland abode gets add-on
If you’re a sheikh with several wives and more than 20 children it stands to reason that your Highland retreat will be more castle than croft.For at least a year the ruler of Dubai, Sheikh Mohammed …
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Dubai: Dane involved in Sweden, Spain gang crime arrested
A Danish citizen allegedly involved in gang-related crime in southern Sweden, and killings and explosions in Spain, has been arrested in Dubai, a Swedish newspaper reported Friday.
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UAE sovereign wealth fund Mubadala to invest $1.2 billion in India’s Jio Platforms
Mubadala, the UAE sovereign wealth fund, is investing $1.2 billion in Jio Platforms in exchange for nearly 1.9% of the business. Owned by India’s richest man, Mukesh Ambani, Jio Platforms is valued …
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Abu Dhabi’s Mubadala picks up $1.2bn stake in Reliance’s Jio
Abu Dhabi’s Mubadala will invest $1.2bn in Mukesh Ambani’s Jio Platforms, as the sovereign wealth fund joins Facebook and a number of US private equity groups in backing the Indian telecom and digital …
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Abu Dhabi Sovereign Fund to Invest $1.2 Billion in Jio Platforms
Abu Dhabi’s Mubadala Investment Co. will invest $1.2 billion in Reliance Industries Ltd.’s digital arm, adding to the roster of marquee investors that have piled into the business.
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MIDEAST STOCKS-Dubai outperforms as Aramco hurts Saudi
Most major stock markets in the Middle East ended higher on Thursday, with Dubai leading the way as blue-chip stocks advanced, but oil giant Saudi Aramco weighed on the Saudi index. Dubai’s index …
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First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank FAB.AD intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date, June 17, it s …
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Etihad to resume transit flights after UAE lifts suspension
Abu Dhabi’s Etihad Airways will resume carrying transit passengers from certain destinations on June 10 after the United Arab Emirates government lifted a suspension on those flights.
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Dubai fines more than 100 beachgoers up to $800 for failing to wear masks, social distance
Dubai police has fined more than 100 people visiting its newly-reopened public beaches in recent days for failing to adhere to coronavirus safety r …
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EMPG and OLX Group, Owners Of Dubai-Based Bayut And Dubizzle Respectively, Merge To Form Unicorn Company
The two enterprises have merged their MENA and South Asia operations to form an AED3.6 billion (US$1 billion) Dubai-based unicorn company.
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