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Abu Dhabi Company Ordered To Pay Rs 26 Lakh To Employee Who Never Joined Work
A company in Abu Dhabi has been ordered to pay AED 110,400 (approximately Rs 26 lakh) as "unpaid wages" to an employee who received an offer letter but was never permitted to assume his role.
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World's Largest AI Data Center To Be Build In This City
Chat GPT's parent company Open AI on Thursday announced a partnership with the United Arab Emirates for first ever international deployment of Stargate OpenAI's AI infrastructure platform in Abu Dhabi, UAE. This will be world's largest AI data Centre
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Uber Launches First Robotaxi Service Outside of US in Abu Dhabi
Uber Technologies has begun offering its first autonomous rides outside the US in Abu Dhabi, making good on an earlier partnership struck with Chinese vehicle partner WeRide.
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Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged
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"Our Outlook Remains Unchanged": Abu Dhabi's IHC On Adani Group Investments
International Holding Co's (IHC) outlook on investments in India's Adani Group remains unchanged, the Abu Dhabi conglomerate said, in response to a US indictment of billionaire Gautam Adani.
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India, UAE Undertake First-Ever Crude Oil Transaction In Local Currency
The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL).
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Maharashtra Mega Refinery Project With Aramco In Trouble: Report
India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land, three sources familiar with the matter said.
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BlackRock, Mubadala To Invest Rs. 4000 Cr. In Tata Power's Renewable Energy Unit
Tata Power said that BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest Rs. 4000 crore ($525.76 million) in the company's renewable energy unit for a 10.53% stake.
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Switzerland’s SEBA Bank Gets Approval to Operate Crypto Services in Abu Dhabi Global Market
Switzerland’s SEBA Bank will be offering crypto-focused investment, trading, and banking services now in UAE as well. The company has expanded to the Abi Dhabi Global Market (ADGM). This expansion of SEBA Bank comes three years after it was launched in 2018.
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Bodies Of 2 Indians Killed In Drone Attack In Abu Dhabi Reach Punjab
The bodies of the two Indians who were killed in a drone attack in Abu Dhabi have reached Punjab today.
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Jio Platforms Gets Rs. 9,093.60 Crore Investment From Abu Dhabi's Mubadala Sovereign Investor
Reliance Industries said on Friday that Abu Dhabi state fund Mubadala Investment Company will buy a 1.85 percent stake in its digital unit, Jio Platforms, for Rs. 9,093.60 crores.
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China's Neolix To Conduct Autonomous Vehicles Trials In Saudi, UAE
Noon, a joint venture between Saudi Arabia's sovereign Public Investment Fund and Dubai billionaire Mohamed Alabbar, will focus on 'last mile delivery' of the vehicles in select areas of Abu Dhabi and Dubai over the next few weeks, the company added.It did not give trial dates for Saudi Arabia.
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Abu Dhabi's Tawazun To Get A Stake In Russian Luxury Car Project
Abu Dhabi's Tawazun holding will take a 36-percent stake in Russian car maker Aurus, investing 110 million euros ($124 million) in the company within three years, Russia's industry ministry said in a statement on Monday.
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India To Lease Out Strategic Storage Facility To Abu Dhabi Oil Company
Abu Dhabi National Oil Co. (ADNOC) has signed a preliminary agreement to use half of the Padur strategic reserve facility in India, which can store about 2.5 million tonnes or 18 million barrels of crude, the UAE firm said on Monday.
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Abu Dhabi-Based Indian Amputee Awarded Over $50,000 Compensation
An Abu Dhabi-based Indian, who lost his hands and legs following an injury at work, has been paid 202,000 dirhams ($54,994) as compensation by his company after the intervention of the Indian embassy in Abu Dhabi, the media reported.
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Abu Dhabi Company Ordered To Pay Rs 26 Lakh To Employee Who Never Joined Work
A company in Abu Dhabi has been ordered to pay AED 110,400 (approximately Rs 26 lakh) as "unpaid wages" to an employee who received an offer letter but was never permitted to assume his role.
-
World's Largest AI Data Center To Be Build In This City
Chat GPT's parent company Open AI on Thursday announced a partnership with the United Arab Emirates for first ever international deployment of Stargate OpenAI's AI infrastructure platform in Abu Dhabi, UAE. This will be world's largest AI data Centre
-
Uber Launches First Robotaxi Service Outside of US in Abu Dhabi
Uber Technologies has begun offering its first autonomous rides outside the US in Abu Dhabi, making good on an earlier partnership struck with Chinese vehicle partner WeRide.
-
Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged
-
"Our Outlook Remains Unchanged": Abu Dhabi's IHC On Adani Group Investments
International Holding Co's (IHC) outlook on investments in India's Adani Group remains unchanged, the Abu Dhabi conglomerate said, in response to a US indictment of billionaire Gautam Adani.
-
India, UAE Undertake First-Ever Crude Oil Transaction In Local Currency
The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL).
-
Maharashtra Mega Refinery Project With Aramco In Trouble: Report
India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land, three sources familiar with the matter said.
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BlackRock, Mubadala To Invest Rs. 4000 Cr. In Tata Power's Renewable Energy Unit
Tata Power said that BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest Rs. 4000 crore ($525.76 million) in the company's renewable energy unit for a 10.53% stake.
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Switzerland’s SEBA Bank Gets Approval to Operate Crypto Services in Abu Dhabi Global Market
Switzerland’s SEBA Bank will be offering crypto-focused investment, trading, and banking services now in UAE as well. The company has expanded to the Abi Dhabi Global Market (ADGM). This expansion of SEBA Bank comes three years after it was launched in 2018.
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Bodies Of 2 Indians Killed In Drone Attack In Abu Dhabi Reach Punjab
The bodies of the two Indians who were killed in a drone attack in Abu Dhabi have reached Punjab today.
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Jio Platforms Gets Rs. 9,093.60 Crore Investment From Abu Dhabi's Mubadala Sovereign Investor
Reliance Industries said on Friday that Abu Dhabi state fund Mubadala Investment Company will buy a 1.85 percent stake in its digital unit, Jio Platforms, for Rs. 9,093.60 crores.
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China's Neolix To Conduct Autonomous Vehicles Trials In Saudi, UAE
Noon, a joint venture between Saudi Arabia's sovereign Public Investment Fund and Dubai billionaire Mohamed Alabbar, will focus on 'last mile delivery' of the vehicles in select areas of Abu Dhabi and Dubai over the next few weeks, the company added.It did not give trial dates for Saudi Arabia.
-
Abu Dhabi's Tawazun To Get A Stake In Russian Luxury Car Project
Abu Dhabi's Tawazun holding will take a 36-percent stake in Russian car maker Aurus, investing 110 million euros ($124 million) in the company within three years, Russia's industry ministry said in a statement on Monday.
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India To Lease Out Strategic Storage Facility To Abu Dhabi Oil Company
Abu Dhabi National Oil Co. (ADNOC) has signed a preliminary agreement to use half of the Padur strategic reserve facility in India, which can store about 2.5 million tonnes or 18 million barrels of crude, the UAE firm said on Monday.
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Abu Dhabi-Based Indian Amputee Awarded Over $50,000 Compensation
An Abu Dhabi-based Indian, who lost his hands and legs following an injury at work, has been paid 202,000 dirhams ($54,994) as compensation by his company after the intervention of the Indian embassy in Abu Dhabi, the media reported.
