ABU DHABI NATIONAL OIL CO
Diwali Abroad 2026: How NRIs in the US, UK and Gulf Are Keeping Indian Traditions Alive Thousands of Miles From Home
Diwali 2026 is bringing Indian communities together across the US, UK and Gulf, with celebrations ranging from Times Square and London's Trafalgar Square to Dubai's Festival of Lights and temple gatherings in Abu Dhabi. As November 8 approaches, NRIs are marking the festival through cultural performances, traditional food, diya lighting, family pujas, festive shopping and community events. Here is how the Indian diaspora is celebrating Diwali abroad this year.
Gold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midterm election outcomes, which could influence market volatility, while India's gold demand faces a projected six-year low amidst high prices affecting sales.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session amid US-Iran peace talks. Upstream stocks ONGC and Oil India, however, fell up to 2%. Lower crude prices typically benefit downstream companies by easing input costs and supporting refining and marketing margins.
US to hold trilateral talks with Ukraine, Russia in Abu Dhabi next week
Delegations from Ukraine and Russia will meet in Abu Dhabi on November 10-11 for peace talks. The discussions seek to address ending the conflict, post-war security agreements, and humanitarian measures. American negotiators, including Steve Witkoff and Jared Kushner, will represent the U.S. Recent U.S.-mediated talks have aimed at finding a breakthrough before winter arrives. Both sides reportedly remain far apart in negotiating a potential peace deal.
Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
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Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?
Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen regarding the potential escalation of the ongoing conflict in the Middle East. Goldman Sachs has revised its oil price forecasts upward, contemplating a possible future increase to $140 per barrel. Meanwhile, Tehran continues discussions with the US to seek peace despite ongoing military tensions.
Oil rises after report of US strike on Iran's Qeshm Island
Oil prices have surged in reaction to reports of a US strike on Iran's Qeshm Island, sparking fears of significant supply interruptions. Previous drops in prices on Monday have been overshadowed by this escalation, reinstating a risk premium in the market. Diplomatic negotiations between Iran and the US, facilitated by Qatar, ended without notable advancement, while looming midterm elections exacerbate tensions in the Middle East, affecting global oil costs.
Europe space chief heads to Gulf as bloc looks beyond US
The head of the European Space Agency will visit the United Arab Emirates to discuss collaboration. This meeting aims to reduce Europe's dependence on the United States for space exploration. The ESA hopes to establish a framework agreement with the UAE to strengthen its exploration initiatives. Additionally, discussions may include potential investments and participation in upcoming programs. European governments must first ensure adequate funding before pursuing international cooperation.
Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAE
ADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI's cutting-edge AI capabilities. This collaboration seeks to tackle significant energy challenges, as emphasized by CEO Sam Altman. OpenAI's expanding influence in the UAE continues with further agreements, demonstrating its commitment amidst ongoing geopolitical issues, highlighted by key oil executives participating in a recent conference.
Gulf investors eye India’s AI infrastructure and space tech even as broader interest stays subdued
Gulf-based investors are exploring opportunities in India's artificial intelligence and space technology sectors, despite overall subdued interest. Yotta, a data centre operator, successfully raised $150 million earlier this year for expansion plans. Pixxel Space Technologies is also seeking funding in the UAE to capitalize on growing investor interest in technology. The Indian rupee's depreciation has contributed to the cautious investment sentiment among broader market participants.
Bengaluru to Paris Flight costs Rs 25,838, less than Prayagraj at Rs 27,817 for Diwali? Viral fare comparison has internet divided
As Diwali approaches, numerous Indians are grappling with steep airfare costs when returning home, sparking worries about travel expenses. A viral graphic recently illustrated how flying to Paris can be less expensive than travelling to Prayagraj, underscoring a surge in domestic flight prices during this festive period. The surge is influenced by factors like heightened demand and rising fuel prices.
Air India Express denies boarding to woman & 3-year-old on confirmed flight; Court orders Rs 70,000 payout plus interest
A consumer commission in Kerala has directed Air India Express to pay Rs 70,000 to a woman and her three-year-old son after they were denied boarding on a confirmed Kochi-Abu Dhabi flight in 2021. The airline must also refund Rs 20,287 with 9% interest after the passengers were forced to buy fresh tickets to Sharjah.
Vedanta Aluminium more than doubles profit; cost cuts in focus to drive earnings
Vedanta Aluminium’s September-quarter net profit more than doubled, while revenue rose 41% and EBITDA surged 83% year-on-year. The company expects higher production volumes and lower costs to support earnings despite declining aluminium prices. Production costs could fall 6% by year-end, aided by increased captive bauxite availability and operational efficiencies.
Adnoc tells clients new Hormuz bypass pipe to start early 2027
Abu Dhabi National Oil Co. has informed Asian refiners about future crude supply via a new pipeline. The pipeline aims to circumvent the strategic and vulnerable Strait of Hormuz, enhancing oil delivery security. Adnoc plans to initiate some supplies from Upper Zakum crude to customers at Fujairah terminal early next year. This move follows the UAE's decision to leave the Organization of Petroleum Exporting Countries, allowing for more production flexibility.
UAE, Canada space firms in alliance as nations seek Starlink alternatives
Terrestar Solutions Inc. has entered into a partnership with Space42 Plc and Viasat Inc. to enhance mobile satellite connectivity. This collaboration aims to create an open standard for sharing satellite infrastructure globally. The parties signed a memorandum of understanding in Ottawa during an important diplomatic visit. Terrestar plans to develop a low-Earth orbit satellite system to improve coverage in underserved areas.
Adani said to weigh deal for €3 billion energy storage firm VTTI
Billionaire Gautam Adani is reportedly exploring a potential acquisition of Dutch energy storage group VTTI. Supply disruptions have made VTTI's facilities increasingly valuable for energy trading, attracting multiple suitors. A deal could value VTTI at around €3 billion, with IFM Investors and Vitol owning significant stakes. Adani Group has been evaluating international acquisitions to accelerate its growth in various sectors.
Smit Machchhar, flydubai crew honoured by UAE President for bravery during mid-air attack
Sheikh Mohamed bin Zayed Al Nahyan awarded the First Class Order of Zayed II to Captain Smit Machchhar and his crew. This recognition was for their courageous actions during a mid-air attack on September 30. During the attack, the co-pilot injured Machchhar while the crew managed to subdue him. The passengers and crew ensured a safe landing in Tabuk, Saudi Arabia, following the incident.
India advises its nationals travelling to UAE to take adequate medical insurance
Indian nationals planning to travel to the UAE are urged to obtain sufficient health insurance before departure. The Indian Consulate emphasises the importance of coverage for unforeseen medical emergencies. Reports indicate many Indians have faced substantial medical bills from unexpected illnesses or accidents. Therefore, it is crucial for travelers to consider cashless medical facilities and repatriation costs.
Bandhan Bank denies acquisition talks with First Abu Dhabi Bank
Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal.
UGC NET December 2026 registration: Check last date to apply, fee payment deadline, steps to fill application form and more
UGC NET December 2026 registration closes tomorrow, October 28, at 11:50 pm. While more than 5.5 lakh candidates had registered by October 25, only 3.73 lakh had completed their applications and paid the fee. Check the application steps, late-fee window, correction dates and December examination schedule.
BlackRock stays cautious on Indian equities despite cheaper valuations
BlackRock Investment Institute has not yet adopted a bullish stance on Indian equities due to ongoing uncertainties. The firm anticipates greater clarity on corporate earnings and energy prices before changing its outlook. Despite elevated energy costs, India's economic resilience remains noteworthy amidst geopolitical tensions. Foreign investors have been net sellers of Indian equities for several months, impacting market performance.
Indian Embassy in UAE discontinues four consular application centres
Four Indian Consular Application Centres in the UAE ceased operations from October 22 due to administrative issues. The Indian Embassy confirmed that services will still be available at 12 remaining centres. Locations that were discontinued include Musaffah and Al Reem in Abu Dhabi, as well as others in Sharjah and Dubai. Services at the remaining centres will continue to be managed by Al Hind Tours & Travels.
UFC 333 results today, highlights: Alexander Volkanovski defeats Movsar Evloev for featherweight title, Petr Yan wins bantamweight fight against Merab Dvalishvili. Watch video
UFC 333 results: UFC main event, other fights took place at at the Etihad Arena on Yas Island in Abu Dhabi.
UFC today: What time does UFC 333 start for main card, prelims, early prelims? Fight card, key matches, venue
UFC 333 today: UFC 333 is scheduled to take place on Saturday, October 24 at Etihad Arena in Abu Dhabi.
From Continuous Data to Trusted Health Intelligence: What Abu Dhabi and India Can Learn From Each Other About Predictive Health?
Predictive health will depend not on how much data health systems collect, but on whether they can validate it, govern it responsibly, and translate it into earlier action.
From lifespan to healthspan: How Abu Dhabi and India can make prevention practical
New modelling suggests that eliminating modifiable health risks could add 12 years to healthy life expectancy at birth by 2050. Realising even part of this potential will require making prevention part of everyday life.
Middle East flights remain disrupted as airlines cancel routes despite airport reopenings and airspace warnings
As Riyadh’s King Khalid International Airport resumes operations, numerous airlines have still suspended flights and modified their schedules due to ongoing security tensions in the Middle East. A few carriers, including Air India and Emirates, have scrapped flights to significant Saudi destinations. Passengers are strongly encouraged to confirm their flight statuses with the respective airlines before making their way to the airport, as disruptions are anticipated to persist into November.
Erling Haaland buys five-bedroom waterfront villa at Manchester City Yas Residences by Ohana in Abu Dhabi. Here's all details
Erling Haaland has bought a five-bedroom waterfront villa at Manchester City Yas Residences by Ohana in Abu Dhabi. Manchester City striker's father also purchased a villa in the same area. The footballer, who plays for Manchester City in the Premier League, announced the purchase with a video message on the occasion of the launch of the second phase of the development.
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