City Abu Dhabi Financial News
31.07 / 13:55
Blockchain
crypto mining
Crypto Mining Hardware Retailer Phoenix Technology Considers Public Listing in UAE
Leading cryptocurrency mining hardware provider, Phoenix Technology, based in the United Arab Emirates (UAE), is reportedly in preliminary discussions to conduct an initial public offering (IPO) in the country.
29.07 / 18:47
COST
UPS
MET
Strategy
IIT Delhi all set to complete its curriculum review
Rangan Banerjee told ET. It's also planning an expansion to Abu Dhabi, where the institution will be «stepping outside its comfort zone and national boundaries,» he said.
29.07 / 07:21
UPS
Booking
Injustice
country
open
PM Modi speaks at 3-year anniversary of NEP: 'India a nursery of new possibilities, many countries want to open IITs'
Narendra Modi while speaking at the Akhil Bharatiya Shiksha Samagam marking the three years of National Education Policy (NEP) said that the world is looking at India as a nursery of new possibilities and many countries have also approached for setting up of IIT campuses. "The world is looking at India as a nursery of new possibilities. Many countries are approaching us to open IIT (Indian Institute of Technology) campuses there.
29.07 / 07:13
UPS
Booking
Citizens
Aware
Injustice
country
World looking at India as nursery of new possibilities: PM Modi
India as a nursery of new possibilities and several countries are approaching the government for setting up IIT campuses there, Prime Minister Narendra Modi said on Saturday. Delivering the inaugural address at the «Akhil Bhartiya Shiksha Samagam» on the third anniversary of the launch of the National Education Policy (NEP), the prime minister said various global universities are also interested in setting up their campuses in India. «The world is looking at India as a nursery of new possibilities.
27.07 / 14:05
Action
NBA Abu Dhabi Games 2023: Fixtures, tickets and other details
NBA fans are waiting for another extavanga of the NBA in the Middle East. Last year, the event was attended by some of the legends of the game, including Vince Carter, Dominique Wilkins and Shaquille O’Neal among others.
27.07 / 11:01
UPS
Chase
Qualcomm
Department
IIT Madras' Engineering Design department witnesses growth in average CTC, total offers, placements
₹11.99 lakh per annum in 2017-18 to ₹20.55 lakh per annum in 2021-22. IIT Madras established the Engineering Design department in 2006 and it was the 16th department. It offers a dual degree programme in Engineering Design specialised in Automotive Engineering, Biomedical Design and Robotics.
26.07 / 18:09
26.07 / 16:57
Twitter
country
chess
Aditya Samant becomes India's 83rd chess Grandmaster
India's 83rd chess Grandmaster. The 17-year old Samant, an International Master, became a GM when he started his ninth round game against compatriot Aryan Chopra at the BielChess MTO 2023 tournament.
26.07 / 12:13
licence
Crypto exchange Rain to target UAE asset managers after winning licence
The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets. Rain will also be able to open a bank account in the UAE, and allow clients in the country to fund their own accounts when using the local payment network, co-founder Yehia Badawy said in an interview on Tuesday. Local asset managers have been hesitant to work with crypto firms without a domestic licence, he continued, adding they will now feel more comfortable after it obtained regulatory approval.
26.07 / 10:38
26.07 / 05:05
UPS
Target
JPMorgan
Enterprise
UBS
Qatar sovereign fund may invest $1 billion in Reliance Retail; RIL shares jump 2%
Reliance Industries (RIL) on Wednesday jumped 2% amid a report that billionaire Mukesh Ambani may rope in Qatar Investment Authority (QIA) to pick up a minority stake in Reliance Retail. Qatar’s sovereign wealth fund is in talks to buy stake in Reliance Retail and is said to be considering a $1 billionn investment giving it a stake of about 1% and valuing the business at around $100 billion, the Financial Times reported today. Following the news, RIL shares rallied 2% to hit day's high at Rs 2,533.45 on BSE.
25.07 / 17:03
regulation
Bitcoin Regulation
Middle east
services
Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
The Abu Dhabi Global Market Financial Services Regulatory Authority has granted its Financial Services Permission for cryptocurrency firm Rain to offer brokerage and custody services to residents.
25.07 / 16:11
Citi
country
WHO identities first case MERS-CoV in UAE this year
The World Health Organization (WHO) has identified a case of Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in a 28-year-old male from United Arab Emirates (UAE), it said in a statement. According to WHO, the patient is a resident of Al Ain city in Abu Dhabi, and had no travel history. He also presented no history of direct or indirect contact with dromedaries (camels), goats, or sheep.
25.07 / 05:25
Reuters
Man
MER
country
symptoms
What is the new MERS Coronavirus detected in Abu Dhabi? Symptoms developed without any contact history
COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.
24.07 / 13:03
Balyasny names Abu Dhabi Investment Authority’s Tarek Rizk as Mena head in Dubai push
Balyasny Asset Management has hired the Abu Dhabi Investment Authority’s Tarek Rizk as head of the Mena region as it builds out its Dubai office.
21.07 / 13:21
UPS
Platform
Action
Entertainment
Enterprise
2024
ZEE to telecast second season of ILT20 from Jan 2024
New Delhi: Homegrown entertainment network Zee Entertainment Enterprises (ZEE) on Friday said it will telecast the second season of the International League T20 (ILT20) live on its linear channels and on video streaming platform ZEE5 from January 2024. ZEE picked up the 10-year global media rights of the league from the Emirates Cricket Board.
20.07 / 17:25
Turkey's finance chief heralds $50.7 billion deals with UAE as Erdogan tours Gulf nations
Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf
20.07 / 01:05
Citi
NOT
Abu Dhabi says law, not just tax, is drawing in City firms
Abu Dhabi has been able to attract prominent UK firms in recent years, and tax benefits are not the only reason, according to its financial centre's chief of market development Arvind Ramamurthy.
19.07 / 10:29
Citi
Airlines
Traffic
Mumbai
Mumbai airport June air traffic at 107% of pre-covid level
airport handled 4.2 million passengers in June, an increase of 107% from pre-covid levels of June 2019. Of the total passenger traffic recorded in June, the airport witnessed 2.14 million passengers at arrivals and 2.04 million at departures. Total air traffic in June rose 33% on year.
19.07 / 03:49
UPS
23 years after 'Style', Sharman Joshi and Sahil Khan team up for a sequel
Style', actors Sharman Joshi and Sahil Khan are reuniting for a new entertainer. To be shot in Abu Dhabi, the feature film is written and directed by Sam Khan. Filmmaker-writer Milap Zaveri has penned the screenplay and dialogues.
18.07 / 18:03
UPS
Citi
ADIA to enter GIFT City, more sovereign funds could follow
The International Financial Services Centre (IFSC), in Gandhinagar’s GIFT City, has secured the backing of the Abu Dhabi Investment Authority (ADIA), which has $853 billion in assets. According to a joint statement by India and the UAE last week, ADIA will set up its presence in GIFT City to fortify the investment ties between the two countries. The announcement follows Prime Minister Narendra Modi’s visit to the UAE.
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