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ABU DHABI GLOBAL MARKET
Vedanta readies $5.2 billion refinancing after rating upgradesAnil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower...- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
- Dubai luxury hotels woo staycationers as tourists fleeOnce reserved for wealthy travellers, Dubai's top-notch hotels have become almost exclusively reliant on residents, drawn in by dizzying st...
- Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...
- Qatar Airways to increase operations to Dubai with five daily flightsQatar Airways announced to increase its capacity between Qatar and the United Arab Emirates (UAE) by gradually expanding frequencies betwee...
- Gas engine maker Innio valued at $23 billion as shares jump in Nasdaq debutInnio, the innovative gas engine manufacturer, made a spectacular entrance on the Nasdaq, with its market valuation soaring past $23 billio...
- SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
- Indian envoy visits mortuary, injured nationals after Kuwait airport attack kills compatriotIndia's Ambassador to Kuwait visited the mortuary and hospitals after an Indian national was killed and others injured in an attack on Kuwa...
- Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...
- Kotak Alts raises $1 billion through 14th real estate fundKotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the...
- TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...
- Abu Dhabi imposes rent freeze amid conflict; experts rule out similar move in DubaiAbu Dhabi has frozen property rents for residential, commercial, and industrial spaces. This measure aims to provide relief during the ongo...
- ADNOC trading chief Philippe Khoury flags August as tipping point for oil prices if Iran war supply crisis persistsOil prices may surge significantly in August claimed ADNOC's chief. This could happen if demand increases and the Iran war supply issues co...
- KRN Heat Exchanger and Refrigeration raises Rs 350 crore via QIPKRN Heat Exchanger and Refrigeration Ltd successfully raised Rs 350 crore via a qualified institutional placement, attracting significant i...
- Crisis as credibility test: How the UAE’s response to the Iran-Israel conflict could shape its next decade as a global residency hubThe UAE's promise of a safe haven faces its biggest test amid the Iran conflict. Despite heightened tensions, daily life remains stable, sh...
- Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources sayIndian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the...
- Oil well the damage control machineryAs India grapples with escalating fuel and plastic costs, the situation is further exacerbated by supply disruptions in West Asia, jeopardi...
- ADNOC LNG tanker heads to India as gas shipments resume through Strait of HormuzA liquefied natural gas tanker from Abu Dhabi has exited the Strait of Hormuz. This marks an increase in energy shipments through the cruci...
- Nomura Asset, Capital Group, others buy 5.3% stake in Premier Energies for Rs 2,291 crGlobal financial institutions and Indian mutual funds have bought a 5.3 percent stake in Premier Energies. The deal involved promoters sell...
- Huge potential to boost food, beverages exports to UAE: TPCIIndia’s food and beverage exports to the UAE are poised for major growth, with current shipments valued at USD 3.6 billion compared to the ...
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