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Gulf News
  • 2/12/2025
Rising tensions between India and Pakistan are still taking their toll on stock markets, with India's benchmark index giving up early gains on Wednesday to end negative for the day.
Transcript
00:00Rising tensions between India and Pakistan are still taking their tolls on stock markets
00:06with India's benchmark index giving up early gains on Wednesday to end negative for the
00:11day.
00:12Investor sentiment was hit after even more disputes broke on the border between India
00:16and Pakistan.
00:17Experts say they're worried that institutional investors from abroad might take out some
00:21of their money from the country because of the disputes between India and Pakistan, which
00:26would weigh down the Indian index.
00:27In local news, Aldar Investment announced that it will be acquiring two properties from
00:31Etihad Aviation Group for 1.2 billion dirhams.
00:35The transaction is expected to be completed in the second quarter of this year and will
00:39come in exchange for Etihad Airways gaining back the rest of the ownership for Etihad
00:43headquarters.
00:44The three buildings were previously held in a 50-50 joint venture between Etihad Airways
00:48and Aldar.
00:49For Aldar, this acquisition means it will get properties in a prime location and for
00:54Etihad Airways it will mean a cash injection as it attempts to recover from its losses
00:58in 2017 and 2016.
01:00And finally, Abu Dhabi national oil company Adnok signed a 4.4 billion dirham deal with
01:05a South Korean firm to build the world's largest storage facility for crude oil in Fujairah.
01:10The facility will have a capacity of 42 million barrels.
01:13The agreement was signed by the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al-Nahyan
01:17and the President of South Korea.
01:19For more details on these stories and more, please do check us out at gulfnews.com forward
01:23slash business.
01:24This has been the daily business wrap.

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