City Abu Dhabi Financial News
13.10 / 14:11
Citi
Provident
AXY
Career
HSBC
The London Institute of Banking & Finance India & MDI Gurgaon unite to elevate banking in India
"Partnering with a leading education provider like MDI is not only a step-forward for LIBF India but will also act as a transformative opportunity for students and professionals in India. We commit to imparting best practices among students and professionals in the banking and finance domain, preparing them to excel in the ever-evolving global financial landscape" says Sumit Mehta, Director, LIBF India.
12.10 / 18:11
Citizens
Airlines
Boeing
reports
Department
evacuation
Virgin and partner Qatar Airways offer help for Aussie evacuation
Virgin Australia has told staff it has offered to help get Australian citizens out of Israel if they want to leave, after the transport minister sought help from airlines and Qantas pledged to add two flights starting on Friday.
11.10 / 21:55
Blockchain
Tokens
Cross-border
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx
JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement.
10.10 / 15:21
UPS
Citi
Strategy
Metro
WhatsApp
Pinduoduo
social
Inside DealShare’s search for an identity
Mumbai: Back in April 2022 when the funding winter for the startup ecosystem had just about set in, social commerce-focused online e-grocer DealShare started out on a path that would change the face of the startup, eventually triggering a change in its leadership and business model. The change was coming at an odd time. DealShare had set up shop in eight states, and had announced plans to aggressively expand that footprint.
10.10 / 08:27
09.10 / 17:17
CEO
LinkedIn
Adventure
President
Xiaomi
social
Ex-Xiaomi exec Manu Jain is India CEO of Abu Dhabi’s G42
BENGALURU : Former India head of Xiaomi Manu Kumar Jain is joining G42 as the chief executive officer (CEO) of its India business. Abu Dhabi-based G42 is an artificial intelligence(AI) and cloud computing company that is set to expand to India. “After building the largest smartphone company and one of the biggest fashion e-commerce companies in India, I am embarking on a new and exciting adventure.
09.10 / 02:01
Platform
BMW
TCS
information
2020
reports
Stocks to Watch: Reliance Industries, TCS, MCX, Tata Motors, Titan, Bharti Airtel
Reliance Industries: Reliance Retail Ventures Ltd (RRVL) on Friday said that sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will invest an additional ₹4,966.80 crore in the retail unit of Reliance Industries Ltd, following a 1.18% stake purchase in the company in October 2020. The fresh investment values RRVL at a pre-money equity value of ₹8.38 trillion, making it among India’s top four most valuable companies. TCS: Tata Consultancy Services Ltd informed the stock exchanges on Friday that its board will consider a proposal for a share repurchase on 11 October, when the company declares its second-quarter earnings.
09.10 / 01:38
BLOCK
Progressive
SoftBank
Healthcare
KPI
Department
Stocks in news: Titan, RIL, Puravankara, Bank of Baroda, Biocon
Titan Titan Co has clocked 20% year-on-year growth in its revenues for the second quarter ended September 2023. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores. PB Fintech Japanese tech giant SoftBank has offloaded partial stake in PB Fintech through block deals on Friday.
08.10 / 15:27
Blockchain
BTC
Digital
Platform
coinbase
Bitcoin
stage
Singapore Approves Coinbase for Cryptocurrency Payment Solutions; Bitcoin and VC Spectra Attracting Investors
Coinbase's recent approval by Singapore's Monetary Authority signals the city-state's growing embrace of cryptocurrency. As Bitcoin (BTC) continues its bullish trend, backed by Marathon Digital's robust production, the rising star VC Spectra (SPCT) steals the limelight. Let’s explore what's happening in the crypto industry and learn more about this cryptocurrency for beginners.
08.10 / 07:07
06.10 / 08:15
Waves
SoftBank
acquires
Lenskart founder Peeyush Bansal acquires Rs 18 crore property in posh Delhi locality
Eyewear startup Lenskart’s founder Peeyush Bansal has bought a bungalow in Delhi for a consideration of Rs 18 crore. The 5,056 sq feet property is located in the posh Neeti Bagh area, as per documents by ‘CRE Matrix’, a real estate data analytics firm.
05.10 / 16:57
UPS
BLOCK
Platform
Enterprise
Parke
pandemic
2020
The headaches of India’s largest office landlord
Bengaluru: A few months back, American asset manager Blackstone Inc., India’s largest office landlord with about 111 million sq ft of office space under its belt, wanted to sell half the stake it holds in two office portfolios developed by Pune-based builder Panchshil Realty and Bengaluru-based Sattva Group. Blackstone’s talks on the stake sale with GIC Pvt Ltd, Singapore’s sovereign wealth fund, fell through. In a similar story, again this year, Blackstone wanted to sell part of its stake in Embassy Office Parks REIT.
05.10 / 10:41
marathon digital
Bitcoin
Hashrate
Marathon
Marathon Digital Boosts Production Capacity By 20%, Mines 1,242 BTC in September
Bitcoin miner, Marathon Digital (MARA) increased its monthly production hash rate by 20%, recording an uptick in share prices amid an uncertain crypto market.
05.10 / 08:49
BTC
Digital
ETF
Kraken
Bitcoin
country
Marathon
Bitcoin Price Prediction: Marathon's Record, Kraken Deposits, Uzbekistan Regulations
Bitcoin continues to trade at $27,698 with a nearly 1% increase. Marathon Digital Holdings boosted its Bitcoin production by 16% monthly and Kraken experienced its highest Bitcoin deposit activity in half a decade due to surging prices and growing ETF confidence.
04.10 / 15:41
Cooper
CEO
country
NPCI to sign pact with Al Etihad Payments of UAE on October 5
Abu Dhabi to facilitate cross-border transactions, an official said. The MoU (Memorandum of Understanding) will be signed on development of domestic card scheme of UAE based on India's RuPay debit and credit card stack, the official added. The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6.
04.10 / 14:57
Cooper
CEO
WhatsApp
country
reports
Cross-border
NPCI to ink pact with UAE’s Al Etihad Payments to facilitate cross-border transactions
PTI. The pact will be signed on the UAE’s development of domestic card scheme based on India's RuPay debit and credit card stack, the PTI report said citing an official. The agreement will be signed in the presence of commerce and industry minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6. India and the UAE will discuss issues, and challenges pertaining to existing investments in each other's countries, the commerce ministry said in a statement.
04.10 / 14:19
Digital
Cooper
CEO
Platform
Celebrity
country
Cross-border
NPCI to sign pact with Al Etihad Payments of UAE for cross-border transactions
NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will ink an agreement with Al Etihad Payments on Thursday in Abu Dhabi to facilitate cross-border transactions, an official said. The memorandum of understanding (MoU) aims to develop the domestic card scheme of the UAE based on India's RuPay debit and credit card stack, the official added.
04.10 / 14:11
UPS
Target
Action
COP
country
reports
Middle East oil chief urges fossil fuel ‘phase down’
London | Abu Dhabi| Sultan al-Jaber, president-designate of this year’s UN climate summit, said the oil and gas industry must prepare for an inevitable “phase down” of fossil fuels as he warned the sector should not be seen to work against decarbonisation efforts.
03.10 / 18:03
Provident
Digital
Progressive
coinbase
Remark
Sygnum
services
Sygnum Singapore Obtains Major Payment Institution License for Crypto Brokerage Services
Sygnum Singapore, a subsidiary of the Switzerland-based cryptocurrency bank Sygnum, has received approval for its Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS) to be able to provide crypto brokerage services to accredited investors and institutions in Singapore.
03.10 / 16:17
BLOCK
Reuters
Maxim
Enterprise
WhatsApp
reports
stake
Abu Dhabi's IHC increases stake in Adani Enterprises to 5.04%
₹153.6 crore, according to Tuesday’s volume-weighted average price of Adani Enterprises. "This strategic increase reflects IHC's conviction in the world-leading incubation model of AEL," IHC said in a statement to the Abu Dhabi stock exchange. IHC also highlighted the inherent strength of AEL's airports, data centers, green hydrogen and other businesses, and its ability to capitalize on India's robust growth journey.
03.10 / 14:53
Twitter
Reuters
Platform
pandemic
show
country
social
India asks producers for 'sensitivity' as oil price hovers near $90
ABU DHABI : India, the world's third-biggest oil importer, on Tuesday urged producers to show "sensitivity" towards consuming countries, hit by prices largely trading above $90 a barrel since Saudi Arabia and Russia decided to extend voluntary cuts to year-end. "During pandemic, when crude oil prices crashed, the world came together to stabilize the prices to make it sustainable for the producers," Indian oil minister Hardeep Singh Puri, in Abu Dhabi to attend an industry conference, said after a meeting with OPEC Secretary General Haitham Al Ghais.
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