Abu Dhabi may buy stake in London’s Heathrow Airport

Abu Dhabi may buy stake in London’s Heathrow Airport

Dubai: Abu Dhabi‘s Mubadala Investment is considering buying into Heathrow airport, according to people familiar with the matter, in a move that could see it join Saudi Arabia‘s Public Investment Fund and Qatar Investment Authority as prominent shareholders in the London hub. Sovereign wealth fund Mubadala is weighing an investment after it was approached by … Read more

PM Modi accepts invitation to inaugurate Abu Dhabi's Hindu temple

PM Modi accepts invitation to inaugurate Abu Dhabi's Hindu temple

Prime Minister Narendra Modi has accepted an invitation to inaugurate a Hindu temple in the capital of the United Arab Emirates, Abu Dhabi, in February next year, the BAPS Swaminarayan Sanstha stated. Representatives of the BAPS organisation, led by Swami Ishwarcharandas and Swami Brahmaviharidas, met the Prime Minister at his residence in New Delhi and … Read more

PM Narendra Modi’s Visit to UAE Live Updates

PM Narendra Modi’s Visit to UAE Live Updates

Prime Minister Narendra Modi arrived in Abhu Dhabi on Saturday on a day-long visit to the UAE during which he will meet UAE President Sheikh Mohamed bin Zayed Al Nahyan and review the burgeoning bilateral ties between the two strategic partners. Mr. Modi will hold talks with Sheikh Al Nahyan, President of the UAE and … Read more

UAE President Sheikh Khalifa bin Zayed dies

UAE President Sheikh Khalifa bin Zayed dies

UAE President and ruler of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan passed away on Friday, local media reports quoting the Ministry of Presidential Affairs said. He was 73. “The Ministry of Presidential Affairs condoles the people of the UAE, the Arab and Islamic nation and the world over the demise of His Highness … Read more

UAE awards local firm ADSB $950 million naval patrol vessel contract

UAE awards local firm ADSB 0 million naval patrol vessel contract

The United Arab Emirates has signed a 3.5 billion dirham ($950 million) contract with Abu Dhabi Ship Building (ADSB) to manufacture four new patrol vessels for the Gulf Arab state’s navy, ADSB said on Tuesday. The contract for Falaj 3-class Offshore Patrol Vessels was the largest ever order received by ADSB, it said in a … Read more

Can’t go golfing? Abu Dhabi’s Yas Island island brings virtual tour

Can’t go golfing? Abu Dhabi’s Yas Island island brings virtual tour

The area has 18-hole Championship Links course, 9-hole Academy Course, floodlit practice facilities and gold academy. On National Golfer’s Day, golf lovers can enjoy a virtual tour if they cannot roam around the area physically. This weekend on the occasion, people visit and see famous Yas Links via a virtual tour. It is to note … Read more

UAE, Israel working on double tax treaty to encourage investment

UAE, Israel working on double tax treaty to encourage investment

The United Arab Emirates and Israel have reached a preliminary agreement on avoiding double taxation, as part of moves to encourage investments between the two countries, the UAE finance ministry said on Thursday. Israel and the UAE signed a normalisation deal on Sept. 15, forging formal diplomatic ties. Israel ratified the deal in a cabinet … Read more