Page 5 - Abu Dhabi

'Largest since Madison event': Prep begins for Hello Modi event in UAE

Likely last foreign visit before Lok Sabha polls

UAE market cap soars as top 16 national companies hit AED 2.7 trillion

According to official figures, 16 listed companies accounted for about 74 per cent, or AED 2.709 trillion, of the total market capitalisation of the local stock markets

EAD, ADQ sign pact with Dendra to leverage advanced seeding drones

This partnership will support EAD's initiatives in assessing the condition of terrestrial and coastal habitats and increasing environmental information about them

UK govt intervenes in potential Telegraph takeover by Abu Dhabi-backed fund

Britain's government said on Thursday it has asked media and market competition officials to look into a potential Abu Dhabi-backed takeover of The Telegraph newspaper. Culture Secretary Lucy Frazer said she issued a public interest intervention notice after considering the possible impact of the offer by the investment fund RedBird IMI to the previous owners of The Telegraph and The Spectator magazine to repay debts owed by them. RedBird IMI a joint venture between RedBird Capital and Abu Dhabi's International Media Investments, and led by former CNN chief Jeff Zucker said earlier this month it agreed to provide loans to Britain's Barclay family and ensure the family's debts, worth some 1 billion pounds ($1.25 billion), are paid. The Barclay family owned the right-leaning newspaper and magazine before they were put into receivership. The family also previously owned London's luxurious Ritz Hotel before selling it in 2020. RedBird IMI has said it would provide a loan of up to 600

DoH, ADPHC unveil Abu Dhabi's vision for sustainable healthcare at COP28

This comes in line with DoH and ADPHC's commitment to highlighting the intersection of climate change and public health, and how a climate crisis is correlated to health issues

Abu Dhabi considering investment pledges worth $50 billion for India

Provisional pledges from the UAE could be announced early next year, people familiar with the matter said, asking not to be named as the information is not public

U'khand CM signs MoUs worth Rs 3,550 cr with industry groups in Abu Dhabi

In the presence of Uttarakhand Chief Minister Dhami, investment MoUs worth Rs 3550 crore were signed by the state government with various groups on the second day of the UAE tour

Crude prices beyond $100 per barrel to create large, organised chaos: Puri

Previously, Puri underscored the need for oil producers to demonstrate the same consideration for consumer nations as they had received during the pandemic

Adani partnership remains steadfast: IHC on Adani units' stake sale

IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

North Goa airport announces direct Indigo flight services to Abu Dhabi

The Manohar International Airport in North Goa on Monday announced a direct Indigo flight service to Abu Dhabi International Airport (AUH) thrice a week, starting September 2. A senior official of the airport operator GMR Goa International Airport Limited (GGIAL) said that the inaugural Indigo flight to Abu Dhabi from Manohar International Airport is scheduled for Saturday, September 02, 2023 at 00:25 am. The flight will reach Abu Dhabi International Airport at 02:15 am. "The return Indigo flight from AUH will take off at 03:15 AM and touch down at GOX (Manohar International Airport) at 08:10 AM. This remarkable service is set to operate three times a week, on Monday, Thursday, and Saturday," he added. GGIAL CEO R V Sheshan said the connection to Abu Dhabi has been introduced as it is a "prominent destination in our ever-expanding international network".

Abu Dhabi's TAQA is not in talks for $2.5 billion investment, says Adani

Earlier, media reports had claimed that TAQA was evaluating an investment of up to $2.5 billion in the power businesses of Gautam Adani

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