Page 7 - Dubai

Novac Technology mulls expansion of footprint to Africa; expects 20% growth

This development follows Novac Technology Solutions' recent foray into Dubai through the establishment of its new subsidiary, Novac GT Technologies LLCN

TMS Ep599: Apple in 2024, Indian FDI in Dubai, LargeCap MFs, EAEU

Will 2024 bring relief for Apple? What is driving increased Indian FDI into Dubai? Will large-cap MFs find their mojo back in 2024? What is the Eurasian Economic Union? All answers here

DGCA probes A-I plane hard landing at Dubai in Dec; airline derosters pilot

Aviation watchdog DGCA is probing the hard landing of an Air India A320 neo aircraft in Dubai last month, an incident in which the airline has derostered the pilot, officials said on Monday. The aircraft that operated a flight from Kochi to Dubai made a hard landing in Dubai on December 20 and the plane remained grounded there for almost a week, a senior DGCA official said. Air India said it has initiated a probe into the incident and the pilot concerned has been derostered pending investigation. The Directorate General of Civil Aviation (DGCA) is probing the incident, the official said and added that the aircraft concerned returned to Mumbai on December 27, according to the official. Details about the number of passengers onboard and whether any one was injured could not be immediately ascertained. An Air India spokesperson said an investigation has already been initiated as per DGCA norms into the incident. "The pilot was appropriately trained and licensed to fly the aircraft.

Odisha's Nandankanan zoo to get cheetahs, lions, birds from Dubai

Nandankanan Zoological Park (NZP) in Bhubaneswar is set to receive a pair of cheetahs, six lions, chimpanzees, lemurs, and other animals and birds from Dubai next month, according to an official. The animals will be brought in through an animal exchange programme, said Susanta Nanda, the principal chief conservator of forests (wildlife), during a press conference on Wednesday. Zoo officials have signed an agreement with Dubai Safari Park in the United Arab Emirates to bring these exotic animals and birds through the exchange programme. According to the zoo authorities, a male and female cheetah will be exchanged for five Manipur brow-antlered deer, consisting of two males and three females. The official also mentioned plans to bring four white lions (one male and three females), as well as two African lions (one male and one female). Additionally, two chimpanzees, five ring-tailed lemurs, three red-necked wallabies, eight Hamadryas baboons, seven African grey parrots, and five blu

Halted plane carrying Indians to take off from France on Monday for India

A plane carrying 303 passengers, mostly Indians, is expected to take off on Monday morning for India, three days after they were detained by the French authorities at an airport near Paris over suspected "human trafficking", according to a local media report. The Nicaragua-bound flight that took off from Dubai in the United Arab Emirates carrying 303 passengers was grounded at the Vatry airport, 150 km east of Paris, on Thursday over suspected "human trafficking". On Sunday, the French authorities allowed the A340 aircraft, operated by Romanian company Legend Airlines, to resume its journey. The plane is expected to take off Monday morning at around 10 am (local time), the lawyer for the airline, Liliana Bakayoko, was quoted as saying by BFM TV, a French news broadcast television and radio network. The plane is likely to take off towards Mumbai in India, the country from which the passengers, potentially victims of human trafficking, originate, it said. "We are very relieved, we w

Adaptation fails to get limelight at mitigation-focused COP28 summit

'A transition away from fossil fuels'. The decision was lauded, but what lies ahead?

An uneasy climate alliance

It looks like the global energy transition will depend on how well policymakers can cooperate and influence legacy sectors

Mahadev app case: Actor Sahil Khan, 3 others summoned for questioning today

In the Mahadev betting app case, there are allegations of fraud of 15,000 crore rupees along with match-fixing, illegal hawala, and cryptocurrency transactions

LIVE: US Fed keeps key rates steady at 5.25-5.50%, signals 3 cuts in 2024

Catch all the latest updates from across the globe here

Making history, COP28 nations agree to 'transition away' from fossil fuels

Coal singled out for phasedown; India calls for climate equity and justice

Unexpected progress

COP28 agrees to 'transition away' from fossil fuels

COP28: Nations strain for consensus as climate talks stretch into overtime

Hectic negotiations continued behind closed doors at the Dubai Expo City Centre long after the 11 am deadline, with officials trying to find common ground on key sticking points, including finance and fossil fuels. Around 10 pm, a COP28 spokesperson updated the media that consultations will continue until 3 am (Dubai time), which effectively means a plenary session to adopt a deal could be held in the morning. "Overnight and throughout today, the COP28 President and his team have been engaging in extensive consultations with a wide representation of negotiating groups and Parties. This is to ensure everyone is heard, and all views are considered. He is determined to deliver a version of the text that has the support of all Parties," the spokesperson said. Released after 11 days of intense negotiations, Monday's draft deal exposed stark disparities in the expectations of both developed and developing nations. Rich countries, such as the US, Australia, New Zealand, Japan, and the ...

UAE trying nearly 90 detainees on terror charges during COP28: Report

The United Arab Emirates is conducting a mass trial of nearly 90 prisoners on terrorism charges as it hosts the United Nations' COP28 climate summit, including one man whose case was highlighted by demonstrators at the negotiations, an activist organization reported Monday. Emirati authorities did not immediately respond to questions over the report by the Emirates Detainees Advocacy Center, a group run by Emirati Hamad al-Shamsi, who lives in exile in Istanbul after being named on a terrorism list by the UAE himself. The state-run WAM news agency also has not run a report on the trial. Al-Shamsi gathered the information from multiple individuals with direct knowledge of the trial. Those on trial face charges of establishing a terrorist organization, supporting and financing it, the center said in a statement. The center is highly troubled by the UAE's apparent fabrication of new charges to extend the sentences of those already released, reflecting the Emirati authorities' ongoing .

COP28 summit: The money food badly needs for climate fight is rolling in

More than $3 billion in climate finance has been pledged for food and agriculture

India opted holistic approach to environment conservation: Bhupendra Yadav

Yadav said, "The mangrove ecosystem in India offers a unique example of existing in harmony with nature. The Sunderbans, lying along eastern India, offers the largest contiguous mangrove forest in the

Climate activists' biggest COP28 protest yet in UN Blue Zone despite ban

Hundreds gathered inside the COP's Blue Zone - officially United Nations territory for the two week of negotiations - alternating between the war in Gaza and climate change to lodge their protest

COP28 summit: Activists plan 'day of action' to press negotiators

Protests aimed at pressuring nations to move decisively to stop climate change were expected to be their most intense yet on Saturday, a Global Day of Action with events at United Nations-led talks in Dubai and around the world. If activists needed any additional energy, they may have gotten it with reports that OPEC's chief had urged its oil-producing members to reject any agreement that targets fossil fuels for a speedy phase-out. It's the central issue as talks head into their final days, as activists and experts have warned that the world must quickly reduce use of the oil, gas and coal that is causing dangerous warming. Mohamed Adow, director of Power Shift Africa, called the Dec. 6 letter from OPEC Secretary-General Haitham Al Ghais, reported by several news organizations, shameful and said the writing is on the wall for dirty energy. The reality is if the world is going to save itself, it cannot be held back by a small band of countries that control the world's oil supply, Ad

IREDA floats retail division for business to customers loans at COP28 event

State-owned Indian Renewable Energy Development Agency has floated a retail division for providing loans under PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors. IREDA Chairman & Managing Director Pradip Kumar Das announced the launch of the retail division while he was speaking during the Leaders' Dialogue on 'Actioning Solutions for Global Sustainable Development and Governance of Resources' on December 7, 2023, organized by CEEW & CII as part of COP28 in Dubai, IREDA said in a statement. Shortly after opening, IREDA's retail division quickly sanctioned its first loan amounting to Rs 58 crores under KUSUM-B, it said. Das also proposed a significant stride towards sustainable investing by suggesting a 1 to 2 per cent Assets Under Management (AUM) allocation for domestic pension and insurance funds into Renewable Energy (RE) bonds. This strategic move aims to deepen bond markets, fostering increased global and local investments.

Dubai court orders release of SpiceJet aircraft seized due to litigation

Domestic airline SpiceJet on Friday said one of its aircraft which was seized and grounded in Dubai in late October due to litigation has now been released following an order of the Dubai International Financial Centre (DIFC) Court. In a DIFC Court hearing on December 7, the Order was discharged in favour of SpiceJet, SpiceJet said in a statement. Additionally, the Judge has directed an inquiry into losses suffered by SpiceJet as a result of the Order having been made. The Court has further ordered to pay towards the legal costs incurred by SpiceJet, the airline claimed in the statement. According to SpiceJet, the DIFC Court on October 30 issued a freezing order (Order) in relation to certain engines installed on aircraft bearing Indian registration, VT-SLM. As a result of this order, the aircraft was grounded at Al Maktoum International Airport, Dubai *DWC) and has remained there since (then), SpiceJet said in the statement. Summarily, there isn't any Order of the DIFC Court ...

Hospital and pharmacy chain Aster to fuel India expansion through buyouts

Aster plans to add an additional 1,500 beds to the current 4,800 capacity in the world's most populous country over the next three years and "look at companies that are not listed