ALL STAFF SAFE AT PORT OF HAIFA, SAYS ADANI GROUP
GAUTAM ADANI-LED ADANI Port and Special Economic Zone (APSEZ), which had acquired Israel's Port of Haifa earlier this year, said it has taken measures to ensure safety of its employees in the country and all of them are safe. It stated it is "fully alert and prepared for any eventuality." APSEZ shares closed down 4.89% at the BSE on Monday amid concerns in the conflict-ridden country. Adani operates the Haifa Port in northern Israel along with local chemicals and logistics group Gadot, after it completed the acquisition for 4 billion shekels ($1.03 billion) in January this year.
ISRAEL BANK TO SELL UP TO $30 BN OF FOREX
THE BANK OF Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, the central bank's first ever sale of foreign exchange, to maintain stability during the war with Palestinian militants in Gaza. The shekel fell 2.7% versus the dollar to 3.945 - its lowest since early 2016 after the announcement. "We are in an unprecedented security situation, and our estimate was that the market could get to a situation of divergence without the announcement of our intervention," Golan Benita, head of the Bank of Israel's markets department, told a news conference.
EU BODY SUSPENDS ALL PAYMENTS TO PALESTINIANS
EUROPEAN UNION COMMISSIONER Oliver Varhelyi said Monday the bloc is suspending "all payments immediately" to the Palestinians because of what he called the "scale of terror and brutality" during the attacks on Israel by Hamas.
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Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
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