Page 5 - Abu Dhabi

Adani Group shares in demand; Adani Power, Energy Solutions surge up to 12%

According to reports, Abu Dhabi National Energy PJSC (TAQA) is looking to double down in India and evaluating a large exposure in the expansive power businesses of Gautam Adani.

Abu Dhabi National Oil Company confirms talks on Borouge-Borealis merger

The potential merger would mark the next transformative milestone in ADNOC's ongoing value creation and chemicals growth strategy, with any transaction subject to customary regulatory clearances

ADIB raises $750 million in US dollar-denominated tier-one perpetual sukuk

Abu Dhabi Islamic Bank (ADIB) announced today that it has successfully raised 750 million USD in the world's first dollar-denominated additional tier-one (AT1) perpetual sukuk issued since March 2023

IndiGo adds flights to Abu Dhabi, Dubai from Lucknow airport from July 12

IndiGo will add two non-stop daily flights to Abu Dhabi and Dubai from the Lucknow airport starting July 12, officials said on Friday. After the flights to Abu Dhabi and Dubai are added both onward and return the average international flights at the airport will increase from 13 to 17 flights per day, a Chaudhary Charan Singh International Airport (CCSIA) spokesperson said in a statement. "Abu Dhabi will be the new destination for Indigo from Lucknow, while the airline will be re-starting its operations to Dubai from July 12. Last month, Lucknow airport added two flights to Dammam and with addition of four flights to Abu Dhabi and Dubai from next month, the total average international flights will go up to 17 from 13 flights per day," CCSIA said. The daily non-stop flight from Lucknow airport to Abu Dhabi will depart at 18.20 hrs and the Abu Dhabi to Lucknow flight will arrive at 03.25 hrs. The Lucknow-Dubai flight will depart at 13.30 hrs and Dubai-Lucknow flight will arrive at .

Over 900,000 passengers likely to pass through Abu Dhabi Airport during Eid

Between the 23rd of June and the 7th of July, Abu Dhabi Airports estimates over 900,000 passengers will pass through Abu Dhabi Airport, with over 5,000 flights across 109 destinations in 59 countries

Abu Dhabi funds, Hinduja group could invest in Adani firms' share sale

Shares worth up to Rs 29,000 crore of three group companies could be put up for sale

Goldman Sachs moves past 1MDB scandal with new office in Abu Dhabi

Goldman Sachs's new outpost will open in Abu Dhabi Global Market, pending final regulatory approval, according to an internal memo seen by Bloomberg News

India seeks investments from ADIA, Mubadala for renewable, digital sectors

India has sought investments from Abu Dhabi Investment Authority and sovereign investor Mubadala in various areas, including renewable and digital sectors, an official statement said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who is in the UAE, held meetings with the senior leadership of Abu Dhabi Investment Authority and Abu Dhabi-based sovereign investor Mubadala. "Welcoming the surge in investments from the UAE to India, Rajesh Kumar Singh invited both companies to explore new sectors for investing in India, especially the renewable and digital sectors," the commerce and industry ministry said. Currently, the UAE is the seventh largest investor in India with an estimated investment of USD 18 billion, it added. Singh and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeoudi jointly inaugurated events to commemorate the first anniversary of the entry into force of the Comprehensive Economic Partnershi

Ahead of Arabian Travel Market, Abu Dhabi targets 24 mn visitors by 2023

The emirate received a total of 18 million visitors representing a 13% increase from the previous year

Etihad Airways resumes direct flights between Kolkata and Abu Dhabi

Etihad Airways resumed flight services between Kolkata and Abu Dhabi on Sunday after three years, a statement said. The airlines will operate two flights a day, four days a week -- Tuesday, Thursday, Friday and Sunday -- from Kolkata to Abu Dhabi, the Netaji Subhas Chandra Bose International (NSCBI) Airport said in the statement. The first flight will depart Kolkata at 4.15 am and reach Abu Dhabi at 7.55 am local time. The second one will leave Kolkata at 9.05 pm and reach its destination at 12.45 am local time, it said. From Abu Dhabi, there will be one direct flight to Kolkata four days a week. It will depart Abu Dhabi at 9 pm local time and reach Kolkata at 3.20 am. Etihad Airways will operate an Airbus A320 aircraft on the route, offering eight seats in business class and 150 in economy class, it said. On the inaugural day, 152 passengers travelled from Abu Dhabi to Kolkata, while 126 passengers travelled from Kolkata to Abu Dhabi, it added. With the recommencement of service

Greenko raises $700 mn to fund pumped storage projects from GIC, ADIA, Orix

Homegrown Greenko Group has raised USD 700 million (around Rs 5,700 crore) funding from Singapore's sovereign wealth fund GIC, Orix Corporation of Japan, Abu Dhabi Investment Authority (ADIA) and its own founders. Anil Chalamalasetty and Mahesh Kolli are the founders of Hyderabad-based Greenko Group. The equity funding will be utilised towards the capex of pumped storage projects which will have storage capacity of more than 25 GWh (gigawatt hour) enabling 45 billion units of carbon free energy, Kolli, who is the Joint Managing Director of Greenko Group told PTI over phone. While GIC has 51 per cent share in the funding, Orix Corporation has 16 per cent, ADIA 14 per cent and founders have 13 per cent, he said. "This equity commitment from the existing shareholders reinforces trust in our vision. CFE is helping accelerate industrial decarbonisation enhancing green quotient of Indian grid and development of green molecules and chemicals at a competitive cost," Anil Chalamalasetty, CE

Abu Dhabi's IHC to invest $400 mn in Adani Enterprises' follow-on offer

Investor says it has 'confidence and belief in the fundamentals of Adani Enterprises'

Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

First Abu Dhabi Bank PJSC explored offer for Standard Chartered

A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months

Etihad Airways expands in India; Kolkata-Abu Dhabi service to begin in 2023

Etihad Airways plans to expand its flight network in India with additional services to Ahmedabad, Chennai, Cochin and Delhi starting from early next year. The Gulf carrier on Thursday also announced plans to launch a daily flight service to Kolkata from Abu Dhabi from March 26, 2023 providing a total of seven weekly non-stop services to the City of Joy. The flights will be operated with an Airbus A320 aircraft, offering 8 seats in business class and 150 in economy class, according to a release. "In parallel with re-establishing air links to Kolkata, Etihad will boost its network with additional services to Ahmedabad (bringing it up to 2 daily flights) and Chennai (twice daily)," an Etihad Airways spokesperson told PTI. Besides, Cochin will have an additional 6 flights per week, bringing it to a total of 13 flights per week, starting from March 26, 2023. An additional daily service will also be started to Delhi and Mumbai from April 24 next year. The re-introduction of flights to

Jaishankar meets UAE counterpart in Abu Dhabi, discusses regional issues

External Affairs Minister S Jaishankar met with his United Arab Emirates counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi

Abu Dhabi Investment Authority to invest nearly $400 million in Lenskart

ADIA in advanced talks with Lenskart for an investment of up to $350 million to $400 million

Vodafone's largest shareholder rules out bid after raising its stake

Abu Dhabi's Emirates Telecommunications Group Co., also known as Etisalat, said it now owns 11% of Vodafone, up from 10% earlier

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

In its bid to diversify Abu Dhabi's business activity beyond hydrocarbons, the UAE's capital city is seeking more investments from India which will not only benefit the local economy but also allow Indian firms to use it as a platform to grow their footprints around the world. Abu Dhabi has identified priority sectors including agritech, tourism, healthcare, pharma and financial services, where Indian enterprises can invest. Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) which is tasked with pulling the investments, told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE. Alshamsi pitched for Indian companies to use Abu Dhabi as a platform to grow their footprints around the world, and added that their presence will benefit the local economy as well. At a time when Indian startups are scouting for better opportunities ...

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO