Page 12 - Uae

COP28: UAE president announces $30 bn fund to bridge climate finance gap

In collaboration with global asset managers BlackRock, Brookfield and TPG, ALTÉRRA has committed $6.5 billion to climate-dedicated funds for global investments, including the Global South

Why is 1.5 deg C the most misunderstood number in the climate fight

When it comes to the collective goal of limiting global temperature rise to 1.5C, there's been only one acceptable talking point in the runup to the COP28 conference in Dubai

India, UAE steadfast in efforts to influence climate action discourse: PM

He expressed hope UAE-hosted COP28 will bring fresh impetus to effective climate action and international cooperation in advancing the goals of UNFCCC

COP28: India has walked the talk on climate change, says Indian envoy

The Indian envoy further said that India has played a leadership role under the vision of PM Modi on the issue of climate change

UAE likely to invest upto $25 billion in cash-strapped Pakistan: Report

Pakistan and the UAE have inked several agreements under which the Gulf nation is likely to invest between USD 20-25 billion in the cash-strapped nation, according to a media report. The signing ceremony took place on Monday in Abu Dhabi after caretaker Prime Minister Anwaarul Haq Kakar's meeting with the UAE President Sheikh Mohammed bin Zayed Al Nahyan, The Express Tribune newspaper reported. The Memorandums of Understanding (MoUs) cover investment cooperation across various sectors, including energy, port operations, wastewater treatment, food security, logistics, mining, aviation, and banking and financial services. The exact worth of the MoUs was not shared by the authorities but sources said the UAE was expected to invest between USD 20-25 billion in cash-strapped Pakistan under the agreements. Pakistan's economy has been reeling under pressure for the last few years, and the country is battling an acute balance of payments crisis and falling foreign exchange reserves. Kakar

Rs 2,500 cr crypto scam: Kingpin Subhash Sharma hiding in UAE, says SIT

The special investigation team (SIT) probing the Rs 2,500-crore cryptocurrency scam would approach the competent court on November 28 to seek a warrant for the extradition of fugitive kingpin Subhash Sharma from UAE, officials said on Saturday. The kingpin of the scam Subhash Sharma from Sarkaghat in Himachal Pradesh's Mandi district is still at large and as per our information, he is hiding in UAE. Efforts are underway to bring him back, Deputy Inspector General of Police (DIG) northern range, Abhishek Dhullar, who is heading the SIT, told PTI. The multi-crore cryptocurrency ponzi scam started in 2018. The investors smelled something fishy when they stopped getting returns during the Covid pandemic when most business activities came to a halt. Later when they asked the accused about their pending returns, they realised they had fallen into a trap and were threatened to keep shut, the police said. The fraudsters threatened the victims that they would lose all their invested money i

Bikanervala ties up with Montana group to expand in domestic, intl markets

Bikanervala on Friday said it has tied up with The Montana group from Punjab to further expand its footprint in domestic and international markets. This collaboration marks a milestone for further expansion and aims to reach out to a broader audience, the company said in a statement. It is a privilege to work with the iconic brand of India and the entire team will put best possible effort to make this brand a global leader in years to come, said Manoj Madhukar, CEO of The Montana Group. Bikanervala started its operations as a small sweet shop at Bikaner, in Rajasthan in 1905. Over the years, it has expanded its portfolio to include restaurants and snack businesses. Presently, Bikanervala is operating 175 sweet shop-cum-restaurant outlets in India as well as in international markets like the UAE, the US, Singapore, New Zealand, and Nepal, the company said. Suresh Kumar, CEO, Bikanervala, briefed the media about its current operation and further expansion plan both in domestic and .

COP28 boosts green financing; UAE holds 19% of global sustainable bonds

Al-Natoor noted that there have been no governmental Sukuk issuances within this framework to date

Mark Mobius joins hedge fund elite planning Dubai investing venture

The 87-year-old money manager said he's busier than ever as he looks to set up a new venture in Dubai

Dubai to replace DXB airport with bigger one as passenger count improves

Dubai is planning to replace the world's busiest airport, Dubai International (DBX), with a bigger airport as passenger traffic recovers to surpass pre-pandemic levels

Riyadh Air set for 100 Boeing Max jets order in Dubai to expand fleet

The carrier, launched by Saudi Arabia's Public Investment Fund, is considering placing a firm orders for 50 jets along with a similar number of options as early as Dubai Air Show that begins Monday

UAE leverages oil power to push secretive oil cos on emission cuts: Report

The effort, termed as the Global Decarbonisation Alliance, aims to make a significant impact at the COP28 negotiations starting on November 30 in Dubai

Lupin, Amman Pharma collaborates for exclusive marketing of Ranibizumab

Lupin Limited has partnered with pharmaceutical manufacturer Amman Pharmaceuticals Industries for exclusive marketing and commercialisation of Ranibizumab in the West Asian region

Modi, UAE Prez discuss situation in West Asia, share concern over terrorism

Prime Minister Narendra Modi on Friday discussed the situation in West Asia with UAE President Mohamed bin Zayed, and said they shared deep concerns over terrorism, the deteriorating security scenario and the loss of civilian lives in the region. In a post on X, Modi said they agreed on the need for early resolution of the security and humanitarian situation and that a durable regional peace, security and stability is in everyone's interest. The telephonic conversation between the two leaders came amid the Israel-Hamas conflict. They also reiterated their commitment to continue to strengthen bilateral cooperation in diverse areas within the framework of the India-UAE Comprehensive Strategic Partnership, a PMO statement added. "Had a good conversation with my brother HH @MohamedBinZayed, President of UAE, on the West Asia situation. We share deep concerns at the terrorism, deteriorating security situation and loss of civilian lives," Modi said. "We agree on the need for early ...

India, UAE sign MoU to strengthen existing cooperation in education sector

Union Education Minister Dharmendra Pradhan and his UAE counterpart Ahmad Al Falasi on Wednesday signed an MoU to strengthen existing educational cooperation between the two countries. The MoU aims at facilitating student and faculty mobility, joint research programmes, designing courses, organising and participation in conferences, lectures, symposia, courses, scientific and educational exhibitions in areas of mutual interest held in both countries. "UAE being a global economic hotspot and India being a global talent hotspot, both sides should work together to build a knowledge bridge to cement our civilisational connect," Pradhan, who is on a three-day visit to Abu Dhabi, said. The ministers reviewed the bilateral engagements in education and skill development, particularly the progress on points discussed during their meeting on the sidelines of the fourth education working group deliberations as part of India's G20 presidency. "They expressed satisfaction on the progress made w

CCAvenue.ae launches mobile-based QR Code payment solution in the UAE

This is the company's first foray into the offline payment space in the UAE market

Israel-Hamas conflict clouds loom over crude oil and LNG supplies

Iran getting drawn into Israel war could hamper nearly 80 percent of liquified natural gas flows to India

UAE allocates $200 million to boost growth in low-income countries

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, announced the UAE's initiative during the International Monetary and Financial Committee (IMFC) Meeting

"Operation Ajay" launched to rescue Indians in Israel

India announced the launch "Operation Ajay" on October 11 to help Indians stuck in Israel to return home as fresh tension triggered in the region as Hamas militants made a series of brazen attacks

NPCI Int'l to develop UAE's domestic card scheme in partnership deal

Scheduled to launch in early 2024, the DCS will aim to facilitate the growth of e-commerce and digital transactions in the United Arab Emirates