2-pronged strategy to wipe out MERS

May 3, 2014

MERS_wipe_outRiyadh/Jeddah, May 3: Seven fresh cases of coronavirus (MERS-CoV) were reported on Friday bringing the total number of infected cases in the Kingdom to 378 including 107 deaths since September 2012.

No fatalities due to the virus have been reported in any part of the Kingdom on Friday, said a Health Ministry official.

Acting Health Minister Adel Fakeih, meanwhile, said his ministry was currently focusing on a two-pronged approach to prevent and treat coronavirus (MERS-CoV) and to offer the best health care services to the people in the Kingdom.

He was addressing the directors of the 20 health regions and other concerned officials on ways to combat the disease.

Members of the National Scientific Committee for the Prevention of Infectious Diseases, officials from the ministries of interior, higher education, municipal affairs, National Guard, defense and private health sector executives attended the meeting.

According to the ministry official, the seven new cases reported during the past 24 hours included four in Riyadh and three in Jeddah.

He said four of them are stable, while two were in critical condition and undergoing treatment in the Intensive Care Unit (ICU) while the seventh patient was still under observation.

In Riyadh, three women aged 31, 28 and 50 have been affected with the disease and the fourth is a 28-year-old man who contracted the disease from an infected patient and is currently being treated at a private hospital where his condition is reported to be stable.

In Jeddah, two women of 38 and 28 years of age were reported to be infected with the virus and their condition is reported to be stable.

A 60-year-old man who is currently under treatment at a private hospital is reported to be critically ill at the Intensive Care Unit of the hospital in Jeddah.

At Wednesday’s meeting, Fakeih urged his officials to make more field visits to ensure proper health care during this period of crisis.

The minister thanked Custodian of the Two Holy Mosques King Abdullah for his concern toward offering the best health care services to the people in the Kingdom.

Spelling out the noble practices in health services, Fakeih said the officials should pay attention to the values of sincerity, honesty, and perseverance; perfection and transparency, and provide services with a sense of dedication, kindness and love.

He also urged officials to work as a team and ensure proper coordination with the concerned officials to give the best health care to the patients.

Fakeih’s new directives came as Egypt’s Health Ministry issued a warning to children, elderly people and anyone suffering from chronic heart and chest diseases against traveling to Saudi Arabia.

The first case of the disease in Egypt was reported on Thursday, in a 27-year-old man who lives in Saudi Arabia but returned ill to Egypt last week after having been in contact with an uncle in the Kingdom who died of MERS.

In a statement, cited by Reuters, Egypt’s health ministry said that anyone under the age of 15 or older than 65, as well as pregnant women and people suffering from chronic heart and chest diseases, should postpone pilgrimages to Saudi Arabia.

It further confirmed that no further MERS cases had been reported in Egypt.

The man, who contracted the virus is in stable condition, in a hospital in Cairo. Mohammad Al-Balawi, director of the information department in the Saudi embassy in Jordan, confirmed that a Saudi citizen who came to Jordan for medical treatment is inflicted with the corona virus.

He said the embassy received a call a few days ago about the presence of a Saudi patient inflicted with MERS in Al-Zaytoun hospital in Zerqa, north of Jordan.

As soon as the embassy received the call it called a number of well known hospitals in Jordan to explore the possibility of moving the patient to one of them.

These hospitals refrained from taking the patient because they have no vacant isolation rooms, said Al-Balawi said.

He said the embassy called the Jordanian Ministry of Health, which expressed its willingness to cooperate with the embassy and treat the patient in Prince Hamza hospital, which is equipped to receive such cases.

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News Network
April 20,2020

Sharjah, Apr 20: Air Arabia announced on Monday it will operate new repatriation flights from four cities in India to Sharjah carrying UAE nationals back home.

The special flights will operate from Mumbai and Delhi to Sharjah International Airport on April 20 while special flights will operate from Kochi and Hyderabad to Sharjah International Airport on April 22.

Air Arabia remains committed to bring stranded citizens back home as well as supporting requests to operate repatriation flights and is working closely with UAE authorities in this regard, the airline said.

Air Arabia announced earlier that it’s operating a mix of repatriation flights as well as cargo flights during the month of April to multiple destinations.

Further information about the repatriation and cargo flights is available on the website or can be obtained by contacting the Air Arabia call centre on 06 5580000 or respective travel agent.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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KT
April 21,2020

Abu Dhabi, Apr 21: The UAE has reported a further 490 new coronavirus infections, after conducting more than 30,000 new tests, bringing the total number of COVID-19 patients to 7,755.

According to the Ministry of Health and Prevention (MoHAP), three more coronavirus deaths have been confirmed, taking to 46 the country’s death toll.

The ministry revealed that it conducted more than 30,000 additional COVID-19 tests among UAE citizens and residents, using state-of-the-art technology in line with its plans to intensify virus screening in order to bring COVID-19 under control.

The accelerated investigative measures resulted in the detection of 490 new coronavirus cases among various nationalities, all of whom are in a stable condition and receiving the necessary care.

The deceased are of Asian nationalities and had pre-existing conditions coinciding with being infected with coronavirus, which resulted in complications that led to their death.

The ministry expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

The ministry also announced the full recovery of 83 new cases after receiving the necessary treatment, taking to 1443 the total of those now recovered from the virus in the UAE.

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