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News related to
Dhabi

Tenaris, the global steel pipe manufacturer, solidifies its dedication to the United Arab Emirates (UAE) by revealing its new industrial complex in Abu Dhabi. The company’s substantial investment underscores its long-term commitment to contributing to the UAE’s economic growth and industrial development. The industrial complex, strategically located in Abu Dhabi, represents a significant milestone in Tenaris’s expansion plans in the region. The state-of-the-art facility is equipped with […]

Abu Dhabi-based investment firm Waha Capital has revealed a substantial 38% increase in its profits for the fiscal year 2023. The company’s recently released financial results depict a noteworthy growth trajectory, showcasing resilience and strategic acumen in navigating the economic landscape. This surge in profits is indicative of Waha Capital’s effective financial management and successful investment strategies, contributing to its robust performance in a dynamic market. The […]

Sydney, Australia – February 15, 2024 — The University of Technology Sydney (UTS) Australian Artificial Intelligence Institute (AAII) and VADR Media are excited to announce a new research and development partnership aimed at combating cheating in online chess. This collaboration follows VADR Media’s recent acquisition of Szuperchess, a renowned European company known for its ground-breaking Computer Vision Anti-Cheat technology for Checkmate.live, a next-gen chess and broadcast and tournament […]

The vibrant spirit of the Chinese New Year reverberated across the United Arab Emirates as Dubai and Abu Dhabi hosted spectacular events to mark the onset of the Year of the Dragon. Dazzling Dubai Fireworks Illuminate Night Sky Dubai kicked off the celebrations with a breathtaking fireworks display that painted the city’s skyline with vibrant colors. Thousands gathered at iconic landmarks, witnessing the mesmerizing spectacle that lit […]

Dubai and Abu Dhabi have witnessed safety alerts due to weather conditions this Monday. Authorities in both cities have issued precautionary measures to ensure the well-being of residents and visitors. Forecasted adverse weather patterns, including strong winds and potential sandstorms, prompted authorities to issue safety alerts. Residents are advised to exercise caution while commuting and take necessary precautions to mitigate the impact of the challenging weather conditions. […]

Abu Dhabi-based real estate developer Aldar Properties has announced a groundbreaking 40% increase in net profit, attributed to a significant surge in sales. The company’s stellar financial performance underscores its resilience in the dynamic real estate market. The robust growth in net profit for the fiscal period reflects Aldar’s strategic initiatives and adept management in capitalizing on heightened market demand. With an unwavering focus on customer needs, […]

Indian Prime Minister Narendra Modi’s recent visit to the United Arab Emirates (UAE) marked a pivotal moment in diplomatic relations. The trip aimed at reinforcing the strategic partnership between the two nations and fostering cultural ties took a significant turn with the inauguration of the BAPS Hindu Temple.

During the visit, Prime Minister Modi engaged in high-level discussions with UAE leaders, emphasizing mutual cooperation in areas such as trade, security, and technology. The leaders expressed commitment to enhancing economic collaboration, with discussions centering around investments, infrastructure development, and joint ventures.

The highlight of the visit was the unveiling of the BAPS Hindu Temple, a symbol of the strong cultural connection between India and the UAE. The temple, located in Abu Dhabi, stands as a testament to the rich heritage shared by the two nations. Its inauguration underscores the significance of religious harmony and cultural diversity, fostering a sense of unity among the Indian diaspora in the UAE.

In addition to diplomatic and cultural engagements, the visit saw discussions on regional and global issues of mutual concern. Prime Minister Modi and UAE leaders addressed challenges such as climate change, terrorism, and the ongoing global health crisis. Both sides reiterated their commitment to collaborative efforts in addressing these pressing issues on the international stage.

The strategic importance of the UAE in India’s foreign policy was highlighted during the visit. The nations acknowledged the need for continued cooperation in the fight against terrorism and extremism, recognizing the impact on regional stability and global security.

As the UAE and India move forward with strengthened ties, the BAPS Hindu Temple stands as a symbol of the enduring friendship and shared values between the two nations. The cultural and religious significance of the temple reinforces the deep-rooted connections that go beyond diplomatic agreements.

Prime Minister Modi’s visit to the UAE not only solidifies bilateral relations but also underscores the importance of diplomacy in building bridges across nations. The inauguration of the BAPS Hindu Temple serves as a landmark moment in the history of India-UAE relations, emphasizing the shared commitment to diversity, tolerance, and cooperation on the global stage.

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Abu Dhabi-based Aldar Properties has announced a substantial 39% year-on-year surge in its net profit for the fourth quarter, attributing the boost to increased sales. The real estate giant’s financial results underscore its resilience amid market dynamics, reflecting a positive trajectory in the real estate sector.

Aldar Properties’ Q4 financial report reveals a robust performance, with net profit climbing to noteworthy levels. The company’s strategic initiatives and effective management have contributed to this remarkable growth, positioning Aldar as a key player in the region’s real estate landscape.

The surge in net profit is primarily fueled by heightened sales, indicating a strong demand for Aldar’s offerings in the real estate market. The company’s ability to capitalize on market opportunities and meet customer needs has propelled its financial success, showcasing a dynamic and responsive business approach.

As the real estate sector continues to evolve, Aldar Properties’ performance stands as a testament to its adaptability and market acumen. The positive financial results are expected to bolster investor confidence and reinforce Aldar’s position as a leading entity in the real estate development domain.

Market analysts suggest that Aldar Properties’ growth is indicative of the overall resilience and potential within the UAE’s real estate market. The strategic location of the UAE, coupled with Aldar’s commitment to quality and innovation, positions the company favorably for sustained success in the foreseeable future.

The impressive fourth-quarter results are likely to have a ripple effect on the company’s overall fiscal year performance, further solidifying Aldar Properties’ standing in the real estate industry. Investors and stakeholders are keenly observing the company’s trajectory, anticipating continued growth and value creation.

Aldar Properties’ positive financial report comes amidst a backdrop of economic recovery, and the company’s ability to outpace the market trends highlights its strategic foresight and operational efficiency. The real estate giant’s Q4 success sets a promising tone for the upcoming fiscal year, signaling potential opportunities for both the company and its investors in the dynamic real estate landscape of the UAE.

India will oppose any move by the developed world to get any non-trade issue like labour and environmental standards included in the formal talks at the World Trade Organisation (WTO) during the 13th ministerial conference of the global trade regulating body scheduled this month-end at Abu Dhabi. Developed countries are also pushing to include issues […]

The post India To Oppose Inclusion Of Non-Trade Issues In WTO Agenda first appeared on Latest India news, analysis and reports on IPA Newspack.

Oil India aims to spend Rs 6,000 crore in the exploration and production of oil and gas in the financial year 2024-25, Harish Madhav, the company’s director of finance, said in an interview. “For the next financial year, the investment target is close to Rs 6,000 crore. Depending on the requirement, we can invest more,” […]

The post Oil India To Invest Rs 6,000 Crore On Exploration And Production In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

Arabian Post Staff The Abu Dhabi International Arbitration Centre (arbitrateAD) will launch operations on February 1, 2024, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced.  This strategic initiative aligns with the Chamber’s commitment to fortify Abu Dhabi’s standing as a preeminent global hub for arbitration. At the forefront of international dispute resolution, arbitrateAD signifies a paradigm shift in the institutional landscape of the Emirate. Not […]

Marcelle van der Merwe, Design Manager at Gensler Middle East, explains how airports are adapting and evolving to meet the demands placed on them by growing passenger numbers across the UAE In a post-pandemic world, there’s an opportunity to rethink airport terminals to allow people to ‘choose’ their own custom journey, appealing to leisure travellers who prefer to linger, business travellers who want to get to their destination quickly […]

NEW DELHI: India will not agree to an “asymmetrical”  agreement on reducing fisheries subsidies that contribute to overfishing and will insist on specific carveouts to protect its resource poor fishers and preserve the space to develop its capacities at the WTO, officials have said. “In India, the livelihood of 9 million people, mostly resource-poor, dependent […]

The post India To Insist On Carveouts To Protect Poor Fishers At WTO first appeared on Latest India news, analysis and reports on IPA Newspack.

BENGALURU: Foreign investments in the Indian real estate sector, led by the US, experienced a decline in 2023 due to high inflation and geopolitical concerns. Notably, office spaces emerged as the most favoured investment asset. Investments from American institutions in the Indian real estate market fell by 39 per cent in 2023 to $1.35 billion […]

The post Global Investments In Indian Real Estate Sector Dip Due To High Inflation first appeared on Latest India news, analysis and reports on IPA Newspack.

Introducing the MarcoPolo700 Foundation: Fostering growth through cultural exchange, art and education LONDON, UNITED KINGDOM – Media OutReach Newswire – 8 January 2024 – Today’s launch of the MarcoPolo700 Foundation as a charitable organisation dedicated to fostering growth through cultural exchange, art and education marks the 700th anniversary of Marco Polo’s passing. The Foundation seeks to address a world facing complex challenges and geopolitical tensions, holding up […]

Arabian Post Staff Abu Dhabi-based conglomerate International Holding Company announced the formation of  2PointZero as a next generation Holding Company comprising several diverse and dynamic companies. Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion. The transfer is subject to obtaining of  all regulatory approvals. 2PointZero embodies a vision […]

By Nantoo Banerjee The world is finally recognizing India’s economic strength and its fast-growing market size. Going by the overall development trend, the economy is capable of growing close to 10 percent annually over the next several years. In 2023-24, the economy may reach a growth rate of seven percent. Both domestic and foreign investors […]

The post Surging Demand, Rising Investment Put India’s Economy On Top Gear first appeared on Latest India news, analysis and reports on IPA Newspack.

An amazing drone show which featured 5,000 drones added to Dubai’s New Year celebrations this year as fireworks just wowed the visitors at Burj Khalifa. Abu Dhabi and Ras Al Khaimah joined in the celebrations, with record-breaking fireworks. Dubai Metro and Tram ran for an extended period, running non-stop for 40 hours from midnight, a senior official of the Roads and Transport Authority (RTA) said. burj24

Arabian Post Staff Abu Dhabi’s maritime sector received a new year boost with the Abu Dhabi Maritime, part of AD Ports Group launching a platform to bridge the gap between public and private stakeholders to connect and strengthen the maritime sector. The platform www.maritimehub-ad.com is expected to promote collaboration and knowledge exchange for the benefit of all, forging essential links with global and domestic stakeholders, policymakers, and […]

By Girish Linganna India and the UAE recently completed their first transaction in rupees for crude oil from the Emirates. A major shift in how global trade is conducted, typically done in dollars, this step is a significant boost to the growing trade between India and the UAE, which is likely to surpass the $100 […]

The post India-UAE Embrace The Rupee In Oil Transactions first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: In a move that seems to be testing waters before the final decision, the Securities and Exchange Board of India (Sebi) on Friday issued a consultation paper on instant settlement of funds and securities as an optional T+0 settlement cycle in two phases. In Phase 1, it will be implemented for trades taken till […]

The post SEBI Proposes Optional Instant Settlement In Two Phases first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s crude oil suppliers such as the Abu Dhabi National Oil Company (ADNOC) have expressed concern over repatriation of funds in preferred currency and the high transaction costs on conversion of funds along with exchange fluctuation risks. India’s crude oil import bill, which accounts for 25 per cent of the overall merchandise imports, […]

The post India’s Crude Oil Suppliers Frown Over Rupee Settlement For Cargoes first appeared on Latest India news, analysis and reports on IPA Newspack.

Arabian Post Staff Abu Dhabi Commercial Bank has signed an agreement to divest  80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties to Nine Yards Plus Holding, a real estate subsidiary of EIH Ethmar International Holding. The transaction values Abu Dhabi Commercial Properties at AED 591 million and the bank will register a gain of approximately AED 490 million subject to closing conditions […]

NEW DELHI: The 28th Conference of the Parties of the United Nations (UN) Framework Convention on Climate Change (COP28), hosted by oil exporter United Arab Emirates (UAE), adopted the idea of “transitioning away from fossil fuel” in the final decision text, marking the first instance of such a decision in the three decades of COP’s […]

The post COP28 Nations Agree To ‘Transition Away’ From Fossil Fuels first appeared on Latest India news, analysis and reports on IPA Newspack.

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Just in:
Ousted top Kochi cop gets IG post // Kochi police detain two actors over bid to honey trap doctor // Private varsities bill all set to face the axe // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Hong Kong mandates crypto transaction disclosures to tax authorities // Emaar approves Development buyout ahead of planned delisting // Oil advances towards $100 as tanker attacks persist // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Oil and chip shares retreat after Democratic victories // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Emirates Group records AED 4.1 billion half-year profit // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // TVM –Mangaluru Vande Bharat claims top spot // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Millions Of Indians May Soon Be Deprived Of Government Assistance // OpenAI abandons secrecy agreements for future data centres // Motorola introduces Signature 27 flagship priced at $1,599 // OpenAI introduces GPT-6 Cyber with restricted security access //