As per the arrangement, Aabar has agreed to take a 9.1 per cent stake in Germany's Daimler, the manufacturer of Mercedes Benz cars and the world's biggest truck maker, the companies said. Aabar is listed on the Abu Dhabi Securities Exchange and directly invests in various sectors including energy, infrastructure, real estate, automotive and financial services companies.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
Brazilian playmaker Kaka rejected a world record move to Manchester City on Monday and pledged his immediate future to Italian side AC Milan.
In this regard, AIG has entered into an agreement with Aabar Investments PJSC to sell its subsidiary, the insurance firm said in a statement on on Monday. According to UK daily The Telegraph, the Swiss subsidiary would be sold for about $254 million.
Afghanistan caused a major upset in the ICC U19 Cricket World Cup when it defeated three-time champion and last edition runner-up Australia by 36 runs at Abu Dhabi Oval 2 on Monday.
The logistics segment is becoming a hot favourite of private equity, of late.
Alleging that something was fishy in the Jet-Etihad deal, BJP today demanded that the Prime Minister's Office should come clean on the issue.
Sheikh Mansour bin Zayed al Nahyan promised on Tuesday that he and his Abu Dhabi United Group were at Manchester City for the long term after completing the negotiations for their takeover of the Premier League club.
It could reach more than 530 million viewers on TV and a few hundred million more online. But can it make money for Disney Star?
India has welcomed the UAE's announcement to confer the top civilian award on Modi.
Ranked 737 in the Forbes global billionaire list with personal wealth of $2.4 billion, Yusuffali's diversification does not stop here.
With a net worth of $12.6 billion, Mistry is well known for constructing some of Mumbai's landmarks such as the Reserve Bank of India headquarters, The Taj Mahal Palace and Towers, and the Oberoi Hotels
Dutch financial major ABN Amro will sell its fleet management arm LeasePlan Corporation, which has operations in India and 25 other countries, to Volkswagen and two other companies for 2.13 billion euro.
Pakistan will be eager to raise their game.
City are looking to retain the title they won in record-breaking fashion last year and secure their fourth Premier League crown in eight years.
Since Balakot strike, India is trying to build maximum pressure on Pakistan on the issue of terrorism, sources said.
Given that India will get a huge part of its oil supplies from Iran through its government-owned oil PSUs, any unwelcome shocks in global crude rates could be absorbed well enough.
Claudio Ranieri will not have to wait long for another job following his sacking by Leicester City, Manchester City manager Pep Guardiola said on Tuesday.
The fun pictures from the wedding!
Mumbai ended day one on 283 for five against Gujarat in the Ranji Trophy match on Monday.
An Indian woman, allegedly involved in carrying out recruitment for the dreaded Islamic State terror outfit, was today deported by the United Arab Emirates after which she was arrested n Hyderabad.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
Rudra Pratap Singh and Vikram Rajvir Singh bowled out the United Arab Emirates for a paltry 70 and gave India 'A' a 126-run victory in the EurAsia Series.
Bengaluru FC now have the possibility of facing another Indian side in Mohun Bagan at the group stage of the AFC Cup.
Images from Day 7 of the 2021 Wimbledon at the All England Lawn Tennis and Croquet Club, in London, on Monday.
Rajneesh Gupta on the Delhi Capitals's IPL record.
Glimpses of the colourful parade we will see on Rajpath in New Delhi on Thursday.
Four days after creating a flutter with a stunning 4-1 drubbing of Thailand, India are now looking an upbeat lot in the continental showpiece.
Pakistan Information Minister Sheikh Rashid Ahmed, who was in Abu Dhabi on his way to attend the OIC information\nministers' meeting in Cairo, said he would raise the Kashmir issue at the two-day meeting of the 56-nation grouping, \nbeginning Monday.
The people of the southern part of the country could see a greater part of the partial solar eclipse because of the geometry of the eclipse path.
News of all that's transpired on and off the football field.
Together with Jet Airways we will have 61 flights to Amsterdam and Paris during the winter season. That also makes us the second largest airline group after Lufthansa, which has 67 weekly flights, and we are catching up to become the first, says KLM CEO Pieter Elbers.
The UAE is the second country after France to send its troops to participate in the Republic-Day parade of India, a tradition started last year.
Here are highlights of the 68th Republic Day parade.
News of all that's transpired on and off the football field
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
News of all that's transpired on and off the football field.
Hetmyer smacked three sixes and eight fours in his entertaining knock, helping his side chase down a modest target of 128.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
Pep Guardiola is a 'proven winner' who will take Manchester City to a 'whole new level', the Premier League club's chairman Khaldoon Al Mubarak has said.
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