Page 6 - Abu Dhabi

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

Abu Dhabi fund invests $500 mn in Kotak Investment's 13th real estate fund

With this new fund, KIAL has raised, managed or advised more than $3.3 billion under its real estate fund series

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp

Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

Officials said the agreement represents a reworking of India's gas sourcing strategy as the country aims to aggressively source LNG from a wider list of nations

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

The funds are being raised at a time when the company said it is in the sweet spot of its growth story and the capital its invests in its business now will result in profitable growth

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

Consortium of Indian oil companies to acquire 10% stake in UAE's ADNOC

The consortium is led by ONGC Videsh Ltd (OVL) and includes companies like Indian Oil Corporation Ltd (IOCL), Bharat PetroResources Ltd (BPRL) and Oil India Ltd (OIL)

Jaishankar visits under construction first Hindu temple in Abu Dhabi

External Affairs Minister, S Jaishankar who is on a three-day visit to United Arab Emirates (UAE) visited the under-construction Hindu temple in Abu Dhabi said to be the first traditional temple

Indians among top travellers who visited Abu Dhabi most in H1 2022

Indians are among the top travellers who visited Abu Dhabi the most in the first six months of this year, according to a passenger traffic report

Officials seize 831 gm of gold worth Rs 43.29 lakh at Mangaluru airport

Customs sleuths at the Mangaluru International Airport have seized 24 carat gold weighing 831 gm from a passenger who arrived by an Air India flight from Dubai

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake

UAE's Lulu Group expands in country of its founder Yusuff Ali

Abu Dhabibased supermarket chain Lulu Group opened a mall in Lucknow on Sunday as it expands in the country of its founder Yusuff Ali.

Go First announces triweekly direct flights between Kochi and Abu Dhabi

The inaugural Go First flight G8 063 will depart on June 28 from Cochin International Airport at 8.05 PM (local time) and will arrive at Abu Dhabi International Airport at 10:40 PM (local time)

Abu Dhabi looks to house more Indian startups in Hub71 ecosystem

The Emirate of Abu Dhabi is keen on housing more Indian startups in its 'Hub71' ecosystem after having already met with some successes, officials said.

Abu Dhabi's Borouge secures cornerstone investors including Adani

The Abu Dhabi National Oil Company and Borealis' joint venture set the offer price for its IPO at 2.45 dirhams ($0.67) a share, which implies an equity value of $20 bn

Adani Transmission gets nod for Rs 3,850 cr investment by Abu-Dhabi firm

Adani Transmission Ltd said it received shareholders' approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd.

Abu Dhabi wealth fund cuts jobs in effort to save $272 mln in costs

The cost savings will help Abu Dhabi's sovereign wealth fund, which manages $700 billion in assets, divert money into new projects such as quantitative research and development.

Abu Dhabi's Etihad trims losses on higher cargo revenues, cost control

Abu Dhabi's Etihad carrier announced on Tuesday a whopping $476 million loss for 2021, a figure that underscores the continued challenge airlines around the world face