Page 2 - Abu Dhabi

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

PM Modi to hold India-UAE summit with Abu Dhabi Crown Prince today

In recent years, bilateral relations between India and the UAE have strengthened in all areas, and both sides have embarked upon a comprehensive strategic partnership

United Arab Emirates to impose federal corporate tax for the first time

The UAE home to Abu Dhabi, Dubai and five other emirates has been steadily introducing new taxes as it seeks to diversify revenue from its mainstay of oil

UAE shoots down 2 ballistic missiles fired by Houthis over Abu Dhabi

The attack did not result in any human losses, it said, adding that the remnants of the intercepted and destroyed ballistic missiles fell in separate areas around Abu Dhabi

UAE bans private drones after deadly attack on Abu Dhabi

In a statement, the Ministry of Interior ordered to stop all flying operations of drones and light sports aircraft for owners, practitioners and enthusiasts from January 22

Yemen's Houthis used missiles in Abu Dhabi attack, says UAE envoy

Yemen's rebels used cruise missiles, ballistic missiles and drones in an attack on Abu Dhabi this week that killed three people, the Emirati ambassador to the United States said

Omicron surge: Abu Dhabi requires Covid booster shots to enter the emirate

Facing a nationwide surge in coronavirus cases fuelled by the spread of the highly transmissible omicron variant, Abu Dhabi is requiring people entering the city to show proof of booster shots. The government's health app said earlier this week that people entering the capital of the United Arab Emirates must show a green pass," confirming their vaccination status. The app says that visitors are no longer considered fully vaccinated unless they have received a booster at least six months after their second dose. Those wishing to enter Abu Dhabi also must have have tested negative for the virus within the last two weeks to maintain their green status. The emirate has taken a stricter approach to the virus than neighbouring Dubai, the freewheeling tourism-dependent hub. Abu Dhabi requires that residents show their green pass before entering public places or government buildings. The UAE boasts among the world's highest vaccination rates per capita. The country has fully vaccinated mo

Satellite photos show aftermath of attack on Abu Dhabi oil facility

Satellite photos obtained by The Associated Press on Tuesday appear to show the aftermath of a fatal attack on an oil facility in the capital of the UAE claimed by Yemen's Houthi rebels.

2 Indians, 1 Pakistani killed in suspected Houthi drone attack in Abu Dhabi

The explosions were caused by "small flying objects", possibly drones, that hit three petroleum tankers in Abu Dhabi, police said

Two Indians among three dead as drones target ADNOC tanks: Report

The Indian Embassy in the UAE said that the mission is in close touch with concerned the Emirati authorities for further details

3 killed, including 2 Indians, in suspected drone attacks in Abu Dhabi

While Abu Dhabi police did not immediately offer any suspects for the possible assault, Yemen's Houthi rebels claimed responsibility for an attack targeting the United Arab Emirates

L&T power transmission, distribution biz bags orders in India, overseas

Larsen & Toubro (L&T) on Thursday said that its power transmission and distribution business has bagged a slew of orders both in India and overseas. An order has been secured to provide dynamic reactive power compensator system at a substation in Abu Dhabi, L&T said in a statement. To enhance the grid stability and provide voltage support, specialised equipment are deployed in substations, it said. The scope of this package includes related protection, substation control and monitoring system, 220kV cables and associated civil, mechanical, and electrical works. Further in the Middle East region, the business has won orders to construct 380kV Overhead transmission lines, 132kV network connections and to establish a 400kV substation. The business has also bagged an order to build a new 220kV gas insulated substation in Bangladesh. In India, orders have been won to create power distribution infrastructure in two circle areas of Bengaluru. Additional orders have also been ...

Reliance Industries eyes first oil cargo from UAE trade arm in Dec: Report

The Indian conglomerate aims to get about a 500,000 barrels of cargo of United Arab Emirates' Das crude from RINL