Abu Dhabi

Court proceedings won't affect IHC's investment plans: Sammaan MD & CEO

Samman Capital CEO Gagan Banga says IHC's proposed $1 billion investment remains fully intact despite ongoing court proceedings, with regulatory approvals progressing

'Abu Dhabi enables Indian firms get access to middle east Africa, new mkts'

Indian companies are increasing their presence in Abu Dhabi, which has enabled them to access key markets across the middle east Africa and beyond, Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, said on Thursday. Speaking at the CII-ADF Summit here, Al Zaabi, who is also chairman of Abu Dhabi's International Financial Centre and free economic zone ADGM (Abu Dhabi Global Market), said the emirate believes in partnerships and not transactional relationships. "India has always been an important part of our growth. That role tells a powerful story of confidence in Abu Dhabi's vision. Indian companies are increasing their presence in Abu Dhabi with an annual compounded growth rate (CAGR) of 38.4 per cent between 2019 and 2024. And they are more enabled than ever before to access key markets across Middle East Africa and beyond," he said. Describing India as a nation whose energy, talent and ambition inspire the whole world, he said, "The geographic .

Abu Dhabi hosts oil summit as Opec+ halts production hikes planned for 2026

Abu Dhabi hosts a major oil summit Monday, hours after the OPEC+ cartel and its allies said it would halt further production increases planned in the first quarter of 2026 over concerns of too much supply in the market. The OPEC+ decision comes as both the United States and the United Kingdom implemented new oil sanctions targeting Russia over its war on Ukraine. Those sanctions targets included Rosneft and the Russian oil company Lukoil, whose red-and-white logo hung over the annual Abu Dhabi International Petroleum Exhibition and Conference in the Emirati capital as a major sponsor of the event. The UAE has maintained close ties to Russia despite the war, but has served as a key interlocutor between Kyiv and Moscow to negotiate prisoner exchanges. On Sunday, OPEC+ met and decided to increase its production by an additional 1,37,000 barrels of oil beginning in December. However, it said other adjustments planned in January, February and March of next year would be paused due to ...

Abu Dhabi's IHC to buy 43.5% in Sammaan Capital for ₹8,850 crore

Abu Dhabi investor to become promoter, can nominate directors

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Wealthy investors bet on Dubai, Abu Dhabi despite regional risks

The cities, both part of the United Arab Emirates, have become irresistible for the world's richest people

Abu Dhabi Investment Authority buys 3% stake in Meril for $200 million

Abu Dhabi Investment Authority acquires a 3% stake in Meril for $200 million, valuing the Gujarat-based medical devices maker at $6.6 billion. The deal is pending approval from CCI

Wizz Air exits Abu Dhabi amid instability and lack of market access

Wizz CEO József Váradi said returning to Wizz's "bread and butter" of central and eastern Europe, where it competes with Europe's biggest airline Ryanair, would boost profits

Dubai, Abu Dhabi remain calm, thrive amid Iran-Israel tensions

But the Iran-Israel confrontation, which involved the US, poses one of the most stringent tests yet to the country's neutral and open-for-business stance

Flights to Middle East resume from Thiruvananthapuram, airspace reopened

Flights to the Middle East resumed early Tuesday morning from Thiruvananthapuram International Airport, following the reopening of airspace in the region after a brief closure, according to airport sources. Emirates, Etihad Airways, and Air Arabia were among the first to resume operations. Flights bound for Dubai, Abu Dhabi, and Sharjah operated by the three carriers landed and departed in the early hours without disruption, airport sources said. However, several scheduled services were cancelled earlier in the morning as the situation stabilised, they said. Affected services included Air India Express flights to Muscat, Sharjah, Abu Dhabi, Dammam, and Dubai. Qatar Airways' Doha-bound flight, Kuwait Airways' service to Kuwait, and IndiGo's flight to Sharjah were also cancelled, they said. To manage the passenger backlog and assist those affected, airport authorities have set up additional seating arrangements and service counters at Terminal 2. Extra staff have been deployed to

Abu Dhabi's Adnoc makes $19-billion takeover bid for LNG producer Santos

Adnoc's investment arm XRG PJSC joins peers including Saudi Aramco in targeting LNG, tapping the potential of one of the fastest-growing fossil fuel markets

Disney to open new tech-centric theme park in Abu Dhabi, 1st in West Asia

This will be Disney's seventh resort, whose design will combine the company's history with Abu Dhabi's culture

Air India's Tel Aviv-bound flight diverted after missile attack on Israel

An Air India flight from the national capital to Tel Aviv was diverted to Abu Dhabi on Sunday as there was a missile attack near the airport in the Israeli city, according to sources. The attack happened less than an hour before the Air India flight AI139, operated with a Boeing 787 aircraft, was to land at Tel Aviv, the sources said. They said the flight will be coming back to Delhi. As per information available on flight tracking website Flightradar24.com, the flight was in the Jordanian airspace when it was decided to divert the flight to Abu Dhabi. Air India's flight from Tel Aviv to Delhi has been cancelled for Sunday. A statement from Air India was awaited. Air traffic to the Tel Aviv airport was briefly suspended after a missile launched from Yemen landed near the Tel Aviv airport.

Indian woman convicted for murder executed in Abu Dhabi, Delhi HC told

Shahzadi Khan was handed over to the Abu Dhabi police on February 10, 2023, and she was sentenced to death on July 31, 2023

UP woman executed in UAE on Feb 15 for death of child under her care: MEA

She travelled to Abu Dhabi on a tourist visa on December 19, 2022, and upon arrival, stayed with a couple who secured a caretaker visa for her and employed her to look after their infant son

Father of woman on death row in Abu Dhabi moves HC to know her well-being

The father of an Indian woman on death row in Abu Dhabi has approached the Delhi High Court, seeking to know her well-being. In his petition, which is likely to come up for hearing on Monday, Shabbir Khan -- a? resident of Banda in Uttar Pradesh --? said there was "profound uncertainty" with respect to his daughter Shahzadi's condition, and his repeated applications to the Ministry of External Affairs for clarification were "fruitless". The plea further alleged that Shahzadi was inadequately represented before the local courts in a case pertaining to the alleged murder of her employer's four-month-old child and she was pressured into "confessing", leading to the imposition of death penalty on July 31, 2023. "On February 14, 2025, the petitioner's daughter telephoned him from detention, informing him that she had been relocated within the facility and prior to her potential execution, her final wish was to speak with her parents," the petition said. "The petitioner, with considerabl

Abu Dhabi fund ADQ, Orion team up to invest $1.2 bn in metals, mining

The partners will invest through different asset classes, including equity, senior debt and production-linked instruments, such as royalties

Refiners ask Abu Dhabi NOC to offer 'oil delivered price' as freight spikes

Russian oil accounted for more than a third of India's imports last year, but US sanctions are tightening supply, pushing the buyer back to traditional Middle East sources

Vedanta Resources secures $300 million loan commitment for debt refinancing

In September 2024, Vedanta Resources raised $900 million in its first dollar bond issue in more than two years and later raised $800 million through another dollar bond issue in November

EAM Jaishankar to meet UAE counterpart on Dec 12 for strategic dialogue

Jaishankar and Al Nahyan will review the entire gamut of bilateral strategic ties at a meeting of the India-UAE Strategic Dialogue on Thursday, officials said