Abu Dhabi seeks Indian investments, invites start-ups to establish hubs
ABU DHABI: In its bid to diversify Abu Dhabi’s business activity beyond hydrocarbons, the UAE’s capital city is seeking more investments from India which will not only benefit the local economy but also allow Indian firms to use it as a platform to grow their footprints around the world. Abu Dhabi has identified priority sectors […]
Sequoia-backed Stanza Living in talks to raise funds at $600 valuation
BENGALURU: Stanza Living, a managed accommodation provider in India, is in the final stages of sealing a deal to raise up to $120 million in a Series D funding round led by an Abu Dhabi based investor, two sources with knowledge of the matter have told Reuters. The latest fundraising round had participation from some […]
UAE plans to offer citizenship to select group of foreigners in a rare move
NEW DELHI: The United Arab Emirates (UAE) on Saturday announced plans to grant some foreigners citizenship to this oil-rich nation home to Abu Dhabi and Dubai, part of efforts to stimulate its economy amid the coronavirus pandemic. The UAE previously gave citizenship to Palestinians and others who helped form the country’s government after its formation […]
LTI partners with Abu Dhabi headquartered Injazat
NEW DELHI: Larsen & Toubro Infotech (LTI) has entered into a strategic partnership with Injazat, the UAE-based leader in digital transformation, to implement its new best-shore service delivery model that is set to redefine a new era in regional digital leadership. This partnership will see Injazat add considerable depth to its digital innovation ecosystem and […]
Abu Dhabi’s Mubadala to invest Rs 9093.6 crore in Reliance Jio platforms
NEW DELHI: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) said that that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity […]