City Abu Dhabi Financial News

National Education Policy (NEP) 2020 recommends that "high performing Indian universities will be encouraged to set up campuses in other countries". The campus, named IIT Madras at Zanzibar, is set to commence operations in October 2023 and will initially admit 50 undergraduate students and 20 master's students.

Jacqueline Fernandez made an appearance before a Delhi court on Wednesday in connection with the high-profile Rs 200 crore money-laundering and extortion case, involving conman Sukesh Chandrasekhar as the prime accused. The actress appeared before Special Judge Shailendra Malik of Patiala House Courts as the court began hearing charges levelled against Fernandez. According to the Times Of India, the 37-year-old was summoned after Delhi's Patiala House Court directed the Enforcement Directorate (ED) to collect and file the Forensic Science Laboratory report in a money-laundering case on Saturday.

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands

Abhishek Bachchan recently completed 23 years in Bollywood. To celebrate the occasion, many fans took to Twitter and dedicated posts to the ‘Paa’ actor, sharing gifs from his best movies and performances. One fan shared a lovely edit of all the posters of the actor’s film and wrote, “23 years on duty, and going stronger than ever.

IndiGo on Saturday introduced flight services to Georgia's Tbilisi effective August 8, 2023, the airline stated in a press release. The services are available for bookings as well. The introduction of these new flights caters to the rising travel demand for Georgia while also benefiting business travelers, said IndiGo in a press release. The new connectivity has the potential to grow trade and bolster economic and cultural ties between the two nations. «Tbilisi is also part of the 'Silk Route' which will further enhance the flow of trade from the city,» said IndiGo. «We are thrilled to announce Tbilisi amongst our new destinations in our expanding 6E network, opening up exciting international travel opportunities. Georgia is now amongst the favored & sought after holiday destinations for Indian travelers,” said Vinay Malhotra, Head of Global Sales at IndiGo.

Abu Dhabi and Dubai from the Lucknow airport starting July 12, officials said on Friday. After the flights to Abu Dhabi and Dubai are added — both onward and return — the average international flights at the airport will increase from 13 to 17 flights per day, a Chaudhary Charan Singh International Airport (CCSIA) spokesperson said in a statement.

Brookfield Asset Management Ltd. has emerged as the frontrunner to acquire London-listed Network International Holdings PLC after interest from a consortium backed by CVC Capital Partners cooled, according to people familiar with the matter.

Brookfield Asset Management Ltd. has agreed to acquire London-listed Network International Holdings PLC for about £2.2 billion (US$2.8 billion) to expand its presence in credit card processing in the Middle East.

As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather than a question of “if” according to an executive from institution-focused crypto firm SEBA Bank. 

Abu Dhabi is the new hot spot for Brevan Howard’s global expansion as the hedge fund moves its founding partner Trifon Natsis to the UAE capital.

BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government.

ADQ, Abu Dhabi’s sovereign wealth fund, had Wall Street investment bank Lazard in its sights earlier this year, with ambitions to take it private.

ADQ, Abu Dhabi’s sovereign wealth fund, had Wall Street investment bank Lazard in its sights earlier this year, with ambitions to take the lender private.

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.

Binance's recent regulatory hurdles have opened up the path for a potential successor to Changpeng "CZ" Zhao, co-founder and current CEO of the platform.

The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE).

Florin Court Capital partner David Denison’s curiosity to see the practical application of bookish knowledge encouraged his career shift from teaching statistics at Imperial College to applying trading strategies at hedge funds.

Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

Richard Teng to head its regional markets outside the United States, at a time when the world's largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined Binance as CEO of Singapore in August 2021.Teng will begin his new role on Monday. The development comes at a time when Binance has been under fire for non-compliance issues from U.S. authorities, while it has faced pressure in other countries as well.

The world’s largest crypto exchange, Binance, has appointed Richard Teng, a traditional finance (TradFi) veteran with strong regulatory experience, as its head of all regional markets outside of the US.

Executives from the US-based cryptocurrency exchange Coinbase, including CEO Brian Armstrong, have visited the United Arab Emirates (UAE) to explore the potential for crypto operations in the region. The visit comes as Coinbase seeks to expand its international presence and establish strategic hubs in key locations around the world.