City Abu Dhabi Financial News

Jaishankar held «productive and deep» conversations with his United Arab Emirates counterpart Abdullah bin Zayed Al Nahyan on India and UAE's «ever-growing» comprehensive strategic ties and discussed regional and global issues. Jaishankar, who was in the UAE on Sunday, visited the iconic BAPS Hindu Mandir in Abu Dhabi and participated in the 10th International Yoga Day celebrations before meeting Al Nahyan. «Very pleased to meet UAE FM @ABZayed today in Abu Dhabi,» he said in a post on X after meeting his UAE counterpart. «Productive and deep conversations on our ever-growing Comprehensive Strategic Partnership. Appreciated the discussion and his insights on regional and global issues,» he said.

Daibiru Corporation, a subsidiary of the Japanese business conglomerate Mitsui O.S.K. Lines has invested Rs 1,000 crore in an under-construction office complex in Gurgaon, being developed by DLF in a joint venture with the global investment and development firm Hines, according to three persons familiar with the deal. Hines, which holds a 33% stake in the joint venture, facilitated the exit of the Abu Dhabi Investment Authority (ADIA) by bringing in Daibiru as an investor. Both companies have created Daibiru Hines Trust at GIFT City, Gujarat, and plan to invest in more commercial assets across the country.

After months of speculation, Fisher Investments said over the weekend it had sold up to 23.5% of the $275 billion registered investment advisor to a group of investors, and, after doing some quick math, market players and participants placed a valuation of the firm in neighborhood of 15.5 time EBITDA, or earnings before interest, taxes, depreciation and amortization.

Fisher Investments has announced that two new investors will be taking a minority stake in the firm.

India is likely to ask for a three-year exemption for its micro, small and medium enterprises (MSMEs) from a proposed mandatory tariff on carbon-intensive imports in talks on a free trade deal with European Union negotiators starting next week, two people aware of the matter said. India, which opposed the tax at the World Trade Organization's last ministerial meeting in February-March in Abu Dhabi, will make its stand clear again on the during upcoming talks on a free trade agreement (FTA) with the EU. The eighth round of FTA talks is slated to be held in Brussels on 24-28 June.

Mint explores the pros and cons of AI’s growing influence, from AI CEOs and assistants to realistic AI deepfakes and voice clones. Zara Shatavari, who has over 7,100 followers on Instagram, promotes health and fashion. She is an AI-generated avatar like the other nine finalists at the World AI Creator Awards (WAICA) Miss AI Competition.

Last month the investment platform rejected a £4.7bn takeover bid from a private equity consortium, comprising of CVC Capital Partners, Nordic Capital, and Platinum Ivy, a subsidiary of Abu Dhabi's sovereign wealth fund. The consortium had approached Hargreaves Lansdown several times in the past regarding an offer, but no firm bid had been made until May. In the latest monthly factsheet of the trust, which has been a long-term shareholder of the company, Train said he was watching developments not just at HL, but «across the whole sector with interest». The manager argued that the maj...

Tata Motors share price gains as brokerages maintain bullish stance; stock up 7% in one weekHaldiram’s received bids in May from a Blackstone Inc.-led consortium, which included the Abu Dhabi Investment Authority and GIC Pte, as well as from a consortium led by Bain & Co. and Temasek Holdings Pte, according to local media reports.The IPO considerations are still in the preliminary stages, and the controlling shareholders might still choose to lower their asking price and proceed with a sale, the sources added.India has become a hotspot for IPOs, raising approximately $3.9 billion so far this year—double the amount raised during the same period in 2023 and surpassing the combined totals of Hong Kong and Korea, according to data compiled by Bloomberg.Also read: Multibagger alert! Kesar India share price skyrockets over 3600% in 2 years.

venture capital and private equity funds, buoyed by post-Covid demand that continues to grow.

Yevhenia Broshevan, co-founder of Hacken, a leading blockchain security auditor, believes regulators increasingly recognize the need to safeguard investors, users, and the integrity of the financial system.

Cryptonews Podcast’s Matt Zahab sat down for an exclusive interview with Stefan Kimmel, the CEO of the global crypto investment platform M2.

₹7,066 crore in the information technology services company.Mphasis shares were trading down 2.51% at ₹2,409.85 apiece at 9.40 am on Monday, a strong market day with the benchmark Sensex opening at a record 77,000 points.This is Blackstone's second move at selling Mphasis shares, this time through the open markets.Blackstone Capital Partners first acquired a 60.48% stake in Mphasis from Hewlett Packard Enterprises in 2016 for ₹5,466 crore (at the time, $827 million). After failing to sell its Mphasis shares through a private deal, Blackstone rolled over its stake in the company to a new fund in April 2021.

The leader of the United Arab Emirates has met with an official in the Taliban government still wanted by the United States on an up-to $10 million bounty over his involvement in an attack that killed an American citizen and other assaults

Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyEtihad has managed to turn itself around after an ill-fated expansion spree a decade ago saddled it with huge losses and stakes in unprofitable regional carriers. Now, Neves said he’s been told by the owners to run the company as if it were listed, improving its financial performance and corporate governance.

Singapore government’s sovereign fund Temasek and US financials service major Fidelity have together invested $200 million in Lenskart through a secondary share sale, according to a statement.

ALSO READ: Sourav Ganguly bats for Gautam Gambhir to replace Rahul Dravid as India Head Coach: 'He will be a good coach’The Board of Control for Cricket in India (BCCI) had set the deadline for the high-profile job as 27 May, but it needs to be clarified if Gambhir has submitted his application.Meanwhile, former India captain Sourav Ganguly said that Gambhir was a good candidate.“I would love to coach the Indian team. There is no bigger honour than coaching your national team.

KKR IPL team mentor Gautam Gambhir today said that there is no bigger honour than coaching the national team and that he would love to do the job.

CNBC-TV18 reported.During the recent earnings conference call, IndiGo's CEO Pieter Elbers revealed the airline's foray into the business class segment. "We will have business class seats deployed on India’s busiest and business routes," CNBC-TV18 quoted an Indigo official.Thus, as per media reports, business class seats will be available on India's most prominent airlines, with 10 to 15 aircraft operating on major domestic metro routes.

UAE are now subject to stricter immigration checks at Dubai and Abu Dhabi airports. Authorities have mandated that visitors carry proof of at least ₹60,000 in their bank account or have a credit card and a return ticket. This measure aims to prevent the misuse of tourist visas. Sources indicate that first-time travellers from Tamil Nadu and Kerala are particularly under scrutiny. These checks have led to delays at Indian airports as airlines now ensure passengers meet these requirements before allowing them to board. The increased vigilance follows incidents where passengers arriving on tourist visas lacked sufficient funds or return tickets, leading to deportations. Airlines are now required to verify that solo travellers, especially women aged 20-35, comply with these rules to avoid having to return deported passengers at their own expense.

WTO at Abu Dhabi renewed the commitment to have a full and well-functioning dispute settlement mechanism (DSM) by 2024, it is yet to be seen if this happens as proposed. A rules-based multilateral trading system like the WTO can work effectively only when there is a robust mechanism in place to resolve disputes that arise among member nations. The DSM has been a key pillar of WTO as it provides a legal framework for resolving trade disputes that arise between member nations of the WTO, thereby lending certainty and predictability to the trading system.

The Abu Dhabi Agriculture and Food Safety Authority of UAE issued a new advisory on Thursday prohibiting the use of farms for cryptocurrency mining. Farmers caught engaging in such activities face fines of up to 10,000 UAE dirhams (approximately $2,722).