City Abu Dhabi Financial News

Katherine Tai and discussed ways to further boost trade and investments between the two countries. Goyal is in the US for a four-day visit. He reached San Francisco on November 13.

Also Read: Excitement and worry as stock options trading booms in India Dubai Taxi’s IPO will be the first share sale by the government in more than 12 months, after it raised $8.3 billion selling stakes in four state-owned companies in 2022, including the city’s main water and electricity utility. The IPOs are part of a plan unveiled about two years ago to list 10 state-owned companies in a bid to boost flagging trading volumes and catch up with IPO drives in Abu Dhabi and Riyadh. Dubai paused the listings this year, contributing to a drop in the overall IPO volumes in the Middle East.

Al Jaber on Sunday praised India, the current hosts of the Presidency of the G20, for its energy transition vision even as he acknowledged the critical need for a «new paradigm» in climate finance to ensure every country across global south adopts low carbon development. The UAE and India shared a «vision for embracing an energy transition in line with sustainable socio-economic development,» Al Jaber said at the 'From G20 to COP28' special forum held at Abu Dhabi.

AFP reported. President Raisi cited Israel's current operations in the Gaza Strip to urge nations, that have ties with Israel, to sever them. He called for greater support for Palestinians, the report said.

Oil and gas companies have a large presence at international climate talks aimed at getting the world to sharply reduce emissions, which lead to climate change

Ramsay Health Care and Malaysian conglomerate Sime Darby have agreed to sell their hospital unit to Columbia Asia Healthcare for 5.7 billion ringgit ($1.9 billion), according to a stock exchange filing.

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city’s Securities and Futures Commission (SFC).

Famous economist Nouriel Roubini, who once said 99% of crypto is a scam, has now launched his own crypto project.

West Indies all-rounder Sunil Narine announced his retirement from international cricket on Sunday. The West Indies all-rounder, who had an illustrious eight-year career representing the Windies, last played for Men in Maroon in August 2019 in a T20I match.

World Bank would temporarily host the fund for the next four years. The United States and several developing countries expressed disappointment in the draft agreement, which will be sent for global leaders to sign at the COP28 climate conference, which begins in Dubai later this month. The US State Department, whose officials joined the negotiations in Abu Dhabi, said in a statement it was “pleased with an agreement being reached” but regretted that the consensus reached among negotiators about donations to the fund being voluntary is not reflected in the final agreement. The agreement lays out basic goals for the fund, including for its planned launch in 2024, and specifies how it will be administered and who will oversee it, including a requirement for developing countries to have a seat on the board, in addition to the World Bank's role. Avinash Persaud, a special envoy to Barbados Prime Minister Mia Mottley on climate finance, said the agreement was “a challenging but critical outcome. It was one of those things where success can be measured in the equality of discomfort.” Persaud negotiated on behalf of Latin America and the Caribbean in the meetings. He said that failure to reach an agreement would have “cast a long shadow over COP.” Mohamed Nasr, the lead negotiator from Egypt, last year’s climate conference host, said, “It falls short on some items, particularly the scale and the sources (of funding), and (an) acknowledgment of cost incurred by developing countries.” The demand for establishing a fund to help poor countries hit hard by climate change has been a focus of U.N.

By Gloria Dickie and Valerie Volcovici

Abu Dhabi, the second-most populous emirate in the United Arab Emirates, has introduced a formal regulatory framework for decentralized autonomous organizations (DAOs) and other digital ledger entities as it doubles down on its ambition to be a leader in digital asset innovation within the Middle East.

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By Hadeel Al Sayegh and Anousha Sakoui

₹1,261.19 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹1,380.15 crore, the exchange data showed.Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter.The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private.The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc, they said.

Tata Motors: Tata Motors Ltd’s passenger electric vehicle subsidiary on Thursday said it will enter a strategic partnership with Jaguar Land Rover, the wholly-owned British luxury vehicle arm of the group, to leverage its electrified modular architecture (EMA) platform and develop its premium pure EV series. Tata Motors reported a consolidated net profit of ₹3,783 crore for the September quarter. Its total consolidated revenue from operations stood at ₹1,05,128 crore.

Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.

Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter. The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private.

Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter. The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private. The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc, they said. A representative of Adani Group declined to comment. The transaction hasn’t been finished and the terms could still change.

Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months.