Abu Dhabi Crown Prince concludes his official visit to India. Photo: Wam
Abu Dhabi Crown Prince concludes his official visit to India. Photo: Wam

Sheikh Khaled's official visit to India ends as economic partnerships are signed



Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, returned to the UAE on Tuesday after concluding his official visit to India.

Maharashtra State Minister Mangal Prabhat Lodha was at Mumbai's Chhatrapati Shivaji Maharaj International Airport as the UAE delegation departed.

Sheikh Khaled expressed appreciation for the generous hospitality received during his visit, highlighting that it reflected the long-standing ties between the UAE and India, state news agency Wam reported.

The visit was punctuated by the signing of partnerships between UAE and Indian entities, representing both the public and private sectors, that extended the UAE-India Comprehensive Economic Partnership Agreement established in May 2022.

Sheikh Khaled, also Chairman of the Abu Dhabi Executive Council, held high-level talks with Indian Prime Minister Narendra Modi, discussing ways to support co-operation in several sectors.

A reception was held in his honour at Hyderabad House in New Delhi after he landed on Sunday.

On Monday, the Crown Prince visited the shrine of independence leader Mahatma Gandhi, at Raj Ghat memorial in New Delhi, and planted a tree of friendship in celebration of the deep-rooted ties between India and the Emirates. He also met Indian President Droupadi Murmu during a special reception held at Rashtrapati Bhavan in New Delhi.

Sheikh Khaled was accompanied by a high-level delegation, including ministers, senior officials, business leaders and prominent economic partners from the UAE.

Deals agreed at talks

Several strategic agreements were announced, including Adnoc's entry into a 15-year liquefied natural gas agreement with IndianOil, a government-owned oil and gas company.

Adnoc has also signed a framework agreement with Indian Strategic Petroleum Reserve to extend its oil storage agreement and support India’s energy security.

India-UAE Business Forum

On Tuesday, a number of agreements and economic initiatives were announced at the India-UAE Business Forum in Mumbai. It focused on key sectors such as healthcare, biotechnology, renewable energy, sustainability, AI, logistics and supply chains, and agricultural technology.

Notable among them was Abu Dhabi artificial intelligence and cloud company G42's announcement to launch its Hindi large language model.

Abu Dhabi’s LuLu Group also announced its collaboration with India's Agricultural and Processed Food Export Development Authority to procure and import organic produce from India to the UAE. And AD Ports Group, the operator of industrial cities and free zones in Abu Dhabi, partnered with India's Ministry of Ports, Shipping, and Waterways to create a virtual trade corridor connecting both countries.

Company%20profile
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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
COMPANY%20PROFILE%20
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Diriyah%20project%20at%20a%20glance
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Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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Company%20Profile
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
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Ferrari
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How%20champions%20are%20made
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ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

Section 375

Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat

Director: Ajay Bahl

Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL

Rating: 3.5/5

WISH
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Chris%20Buck%2C%20Fawn%20Veerasunthorn%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Ariana%20DeBose%2C%20Chris%20Pine%2C%20Alan%20Tudyk%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Updated: September 10, 2024, 6:36 PM