Abu Dhabi

Vedanta Resources secures $300 million loan commitment for debt refinancing

In September 2024, Vedanta Resources raised $900 million in its first dollar bond issue in more than two years and later raised $800 million through another dollar bond issue in November

EAM Jaishankar to meet UAE counterpart on Dec 12 for strategic dialogue

Jaishankar and Al Nahyan will review the entire gamut of bilateral strategic ties at a meeting of the India-UAE Strategic Dialogue on Thursday, officials said

Abu Dhabi's ADNOC gets CCI clearance to acquire Covestro for $16.4 bn

Fair trade regulator CCI on Tuesday said it has approved Abu Dhabi National Oil Company's (ADNOC) proposal to acquire Covestro for USD 16.4 billion. Abu Dhabi's state-owned oil firm ADNOC is an energy and petrochemicals group. "The proposed transaction relates to the acquisition of up to 100 per cent of the share capital of Covestro AG by ADNOC PJSC, ADNOC International Ltd and ADNOC International Germany Holding AG (ADNOC Germany) by way of an all-cash voluntary public takeover offer to all Covestro shareholders. "Upon closing of the public takeover, ADNOC Germany will additionally subscribe to 1.89 crore new shares in Covestro, corresponding to 10 per cent of Covestro's current share capital, by means of a capital increase against cash consideration with the exclusion of subscription rights of any remaining minority shareholders of Covestro," the Competition Commission of India (CCI) said in a release. The company runs its India operations through Covestro (India) Pvt Ltd. Coves

Abu Dhabi's $1 trn sovereign investor seeks innovation in private credit

The new fund launches followed a surprise filing from Apollo Global Management Inc. and State Street Corp. in September for an ETF that will include private credit investments

Akasa Air signs codeshare partnership with Abu Dhabi-based Etihad Airways

A codeshare partnership allows one airline to market and sell seats on a flight operated by the other

Outlook on Adani investments unchanged amid indictment: Abu Dhabi's IHC

The IHC statement comes soon after Adani group emphasised that its chairman and his aides have not been charged under the US Foreign Corrupt Practices Act

Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO

The hypermarket chain operator fell to as much as 1.99 dirhams ($0.54) per share in its Abu Dhabi trading debut, down 2.5 per cent from the offer price of 2.04 dirhams

Abu Dhabi's $1 trillion wealth fund rejigs strategy to speed up deals

ADIA is working with a wider range of hedge funds offering everything from long-only bets to quant wagers, although its overall exposure to that sector won't necessarily increase

Abu Dhabi, Microsoft partner on AI push to make energy mkt more efficient

"It will speed up seismic surveys from months to days," Al Jaber said, adding that it will also make the industry more sustainable by reducing emissions

Dubai, Abu Dhabi race to lure world's asset managers, billionaires

Emergence of companies in a range of new sectors and potential for business created by Abu Dhabi's investments have not gone unnoticed in the international financial community

Abu Dhabi to host second relief aid collection drive for Lebanon on Oct 22

This is in continuation of the UAE stands with Lebanon campaign

Adnoc to buy chemical producer Covestro for €12 bn in its biggest deal

The takeover will value the German company at €62 per share and hinges on the Abu Dhabi oil producer receiving at least 50 per cent plus one share in its tender offer

Coldplay Abu Dhabi tickets: All you need to know about its booking details

Coldplay is all set to perform in Abu Dhabi, Dubai, at Zayed Sports City Museum on January 11, 2025. The pre-sale of tickets starts on September 25 from the band's official website

BPCL's joint venture with IOC wins production concession in Abu Dhabi

BPCL added that during the exploration phase, the company invested nearly $164 million

ADNOC agrees to supply Indian Oil with 1 MMT LNG per year for 15 years

ADNOC has big ambitions in gas and LNG, which along with renewable energy and petrochemicals it sees as pillars for its future growth, putting it in competition with regional rivals Qatar

PM Modi, Abu Dhabi Crown Prince hold discussions to focus on bilateral ties

In the pictures shared by Jaiswal, Piyush Goyal can be seen greeting Sheikh Khaled bin Zayed Al Nahyan, and the former receiving a ceremonial welcome

Abu Dhabi Crown Prince Al Nahyan receives warm welcome in Delhi on arrival

Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan arrived here to a warm welcome on Sunday as he kick-started a two-day maiden visit to India to further boost bilateral ties in a range of areas, including energy and connectivity, amid escalating tensions in West Asia. Commerce and Industry Minister Piyush Goyal received the Crown Prince at the airport following which he was accorded a ceremonial welcome, in reflection of the importance India has attached to the visit. "A new milestone in a historic relationship. His Highness Sheikh Khaled bin Zayed Al Nahyan arrived in Delhi on his first official visit to India," External Affairs Ministry Spokesperson Randhir Jaiswal said on 'X'. "Warmly received by @CimGOI @piyushgoyal and accorded a ceremonial welcome," he said. The Crown Prince is accompanied by several ministers from the UAE government and a business delegation. After concluding the Delhi leg of his visit, Al Nahyan will travel to Mumbai to participate in

IIT Delhi opens first int'l campus with batch of 52 students in Abu Dhabi

The first overseas campus of IIT Delhi was formally inaugurated by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi. The first batch comprises of 52 selected students in the JEE Advanced exam

Soon, board flight at Abu Dhabi airport sans passport, ticket: Here's how

By 2025, Zayed International Airport wants to be the world's first fully document-free airport

UAE reportedly deports university student who yelled 'Free Palestine'

At the graduation ceremony of New York University Abu Dhabi this May, a student wearing the traditional Palestinian black-and-white keffiyeh scarf shouted Free Palestine! as he crossed the stage to receive his diploma, witnesses say. Days later, he reportedly was deported from the United Arab Emirates. The incident at the graduation comes as the UAE tries to balance its diplomatic recognition of Israel with the ongoing Israel-Hamas war that's devastated the Gaza Strip. While offering aid to the Palestinians, there have been none of the mass demonstrations that swept the Arab world here in the UAE, a federation of seven emirates that tightly controls speech and where political parties are illegal. That's stretched into academic life at NYU Abu Dhabi, where students say activities over the war have been barred, and into cultural events in the country's capital as well where those wearing the keffiyeh have been stopped from entering. I think the government and the laws of the country .