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Adani Ports recoups all stock losses since Hindenburg report

BLOOMBERG Adani Group’s port unit became the first of its 10 entities to recoup all losses triggered by Hindenburg Research’s bombshell report in late January, as a recent rally in the conglomerate’s stocks gathered steam on Tuesday. All 10 Adani stocks climbed in early in Mumbai trading, with shares of Adani Ports and Special Economic Zone Ltd surging as much ...

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Taqa, Uzbekistan ink deal for $3bn power project

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) has announced a collaboration with the government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector. These opportunities include new and existing power plants as well as associated power infrastructure and collectively could be worth more than $3 billion. A strategic framework agreement and an implementation agreement ...

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President of UAE and Australian prime minister review bilateral ties

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received a phone call from Australian Prime Minister Anthony Albanese, during which the two leaders discussed bilateral relations and opportunities for further collaboration. In addition to exploring ways to build on the strategic partnership between the UAE and Australia, His Highness Sheikh Mohamed bin ...

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