Page 4 - Abu Dhabi

G42 made secret pact with US to divest from China before Microsoft deal

In exchange for the Chinese divestment, G42 was assured that it would have continued access to US technology that powers AI applications, one of the people said

National interest trumps global trade

The Abu Dhabi conference highlights any progress for India at the WTO hinges on renewed US engagement in the trade body

'Abu Dhabi Investment Authority acquires SpiceJet shares from open market'

SpiceJet on Monday said Abu Dhabi's sovereign wealth fund ADIA has acquired shares of the airline from the open market. However, the carrier did not disclose specific details. A source close to the airline said Abu Dhabi Investment Authority (ADIA) started buying shares in late February. The no-frills carrier is facing multiple headwinds and is in the process of raising funds. "ADIA has acquired shares of the airline from the open market," a SpiceJet spokesperson said on Monday. In recent weeks, the carrier has raised a total of Rs 1,060 crore through preferential issuance of securities. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore. Shares of SpiceJet declined 1.50 per cent to Rs 62.58 apiece on BSE. As of February 21, 2024, public shareholders, including Foreign Portfolio Investors (FPIs), held 51.51 per cent stake in the carrier, according to stock exchange data.

WTO MC13: Abu Dhabi meet ends with no consensus on agri, fisheries

Countries agree to renew the e-commerce moratorium until next ministerial

WTO fails on major reforms, extends digital tariff ban in Abu Dhabi meeting

On the 5th day of the ministerial meeting, most ministers had already gone home, although India's trade minister Piyush Goyal and European Trade Commissioner Valdis Dombrovskis remained until the end

WTO issues new draft deals post all-night talks, some issues unresolved

A draft agriculture deal showed that a key reform sought by India on permitted government support levels for farmers was still not agreed, with two alternative solutions sitting side by side

WTO talks deadline extended again as ministers struggle to crack deals

The final gathering, pushed back for a second time, is now set for 2 p.m. Abu Dhabi time - past the original end of Thursday evening

Govt expresses concerns in WTO meet over unilateral protectionist measures

India on Monday expressed "serious" concerns in a WTO meeting in Abu Dhabi over increase in the use of trade protectionist measures by certain countries in the name of environment protection. The remarks assume significance as the country has earlier flagged issues over the European Union's (EU) decision to impose carbon tax (a kind of import tax) on sectors such as steel and fertiliser; and adoption of deforestation regulation by the 27-nation bloc. Speaking at a session on sustainable development and policy space for industrialisation, Commerce Secretary Sunil Barthwal said developing countries require flexibility in the existing WTO (World Trade Organization) agreements to overcome the constraints faced by them in their industrialisation. He also expressed concerns on the concerted attempt by the developed countries to club long-standing development issues like policy space for industrial development with new issues of 'Trade and Industrial policy'. The CBAM (Carbon Border ...

Global economy weighed down by war, uncertainty & instability: WTO chief

The head of the World Trade Organisation warned on Monday that war, uncertainty and instability are weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world's population could bring new challenges. WTO Director-General Ngozi Okonjo-Iweala sought to offer some praise for her organisation as it held its binneial meeting in the United Arab Emirates, even as it faces pressure from the United States and other nations. But she was blunt about the risks ahead, as higher prices for food, energy and other essentials sting people's pockets, fuelling political frustration. People everywhere are feeling anxious about the future and this will be felt at the ballot box this year, she said. None are perhaps more critical for the WTO than the US presidential election on November 5. Running again is former President Donald Trump, who threatened to withdraw the US from the WTO and repeatedly levied tariffs taxes on imported goods on perceived

WTO to open biennial meeting in United Arab Emirates as challenges loom

The World Trade Organisation will open its biennial meeting Monday in the United Arab Emirates as the bloc faces pressure from the United States and other nations ahead of a year of consequential elections around the globe. The WTO's 164 member nations will discuss a deal to ban subsidies that contribute to overfishing, extending a pause on taxes on digital media like movies and video games, and agricultural issues. But headwinds remain for the organisation and the world's economy, particularly as the recovery from the coronavirus pandemic remains uneven across nations. Meanwhile, there are more than 50 elections affecting half the planet's population planned for this year perhaps none more critical for the WTO than the US presidential election on November 5. Running again is former President Donald Trump, who threatened to withdraw the US from the WTO and repeatedly levied tariffs taxes on imported goods on perceived friends and foes alike. A Trump win could again roil global ..

'Not in dreamland': WTO aims for modest outcomes at Abu Dhabi meet

'Tough' politics complicate deal-making, says Ngozi Okonjo-Iweala, WTO chief

Abu Dhabi WTO meet: Parliamentary conference session issues final document

The document emphasises the role of parliamentarians in ratifying bilateral and multilateral trade agreements that enhance and oversee the facilitation of global trade in all industries

WTO ministerial: India's 'no' at Abu Dhabi summit may just mean 'not yet'

From the outside, it's easy to think of India as an undifferentiated mass of individuals with leaders who turn up in places such as Abu Dhabi to reject everything the rest of the world suggests

WTO ministerial: Agri reforms to e-com, India to stand ground on key issues

India has found support from a group of developing nations at the WTO, including Africa on this issue. However, developed countries view this as a subsidy for farmers and as a distortion to trade

India-UAE relations: How friendship between the two countries has flourished since 1971

Since 1971, India-UAE ties have deepened across political, economic, and cultural spheres, with the UAE hosting 3.5 million Indians. Watch our video to know more.

Integrating financial systems, we are partners in progress: PM Modi

Modi said India and UAE have inked an agreement interlinking their respective instant payment platforms that will make it easier for the Indian diaspora to remit money to their relatives in India

WATCH: PM Modi, UAE President introduce RuPay card in Abu Dhabi

Prime Minister Narendra Modi is on a two-nation visit to the UAE and Qatar, beginning Tuesday. This is his seventh visit to the UAE since assuming the office in 2014

PM Modi to inaugurate Abu Dhabi's first Hindu temple BAPS on 14 February

Prime Minister Modi is going to inaugurate the first Hindu temple BAPS Mandir, and meet the top leaders in the United Arab Emirates on the two-day visit

PM Modi flexes global muscle with Abu Dhabi visit, temple opening

The UAE and India have historically enjoyed close ties. A third of the Gulf country's population hails from India and Dubai counts Indians as among the top buyers of real estate in the city

PM Modi to inaugurate Abu Dhabi's first Hindu temple on February 14

It would be the prime minister's seventh visit to the UAE since 2015, the Ministry of External Affairs (MEA) said on Saturday, announcing the trip