Latest news with #ADIF
Al Etihad
12-05-2025
- Business
- Al Etihad
ADIO signs strategic partnership with Japan's Mizuho Financial Group to fast-track investment into Abu Dhabi
12 May 2025 13:15 ABU DHABI (ALETIHAD)The Abu Dhabi Investment Office (ADIO) and Mizuho Financial Group, Inc., a leading global financial institution with one of the largest customer bases in Japan, have signed a strategic agreement to fast-track Japanese investment into the emirate's dynamic during the Abu Dhabi Investment Forum (ADIF) in Tokyo, the partnership will streamline investor access, support business expansion and open new channels for cross-border capital agreement marks a significant step in deepening financial and commercial ties between Abu Dhabi and Japan at a time of growing cross-border ambitions across Asia and the Middle this agreement, ADIO and Mizuho will jointly promote Abu Dhabi as a strategic investment hub for Japanese businesses and startups. ADIO will collaborate closely with Mizuho to offer practical support to clients seeking to establish or expand their operations in the clients will receive tailored insights into Abu Dhabi's investment landscape, regulatory environment and high-growth sectors, alongside investor seminars and business missions designed to establish new Al-Olama, Director General of ADIO, said, "Our agreement with Mizuho reflects a clear alignment of intent: to create structured, long-term pathways between Japanese capital and the exceptional opportunities emerging from Abu Dhabi's economic transformation. Our role is to make that engagement frictionless, targeted and outcome-driven, connecting ambitious Japanese investors with Abu Dhabi's high-growth sectors. With Mizuho's strategic networks and institutional reach, we are strengthening Abu Dhabi's position as a destination of choice for global investors seeking to scale with clarity and confidence."In addition to corporate growth, the partnership seeks to provide liquidity and access to global capital markets - covering loans, fixed income and equity investment - for Abu Dhabi's government-related entities. Moreover, both organisations have committed to developing alternative sources of capital by connecting Japanese and Asian institutional investors with Abu Dhabi government Take, Deputy President of Mizuho Financial Group, added, "Abu Dhabi stands at the forefront of global innovation and investment. By partnering with ADIO, we are offering our clients a gateway to a world-class business environment, advanced infrastructure and thriving sectors that promise long-term returns. We look forward to unlocking new growth for Japanese enterprises in Abu Dhabi and beyond." The signing forms part of a broader push to cement the emirate's position as a gateway for global investment. Through platforms like ADIF, Abu Dhabi is showcasing its competitive advantages, from seamless market access and sector-focused free zones to ADIO's economic clusters, to international business leaders, investors and family offices.
Al Etihad
12-05-2025
- Business
- Al Etihad
ADIO and ITOCHU Corporation partner to scale investments into Abu Dhabi's high-growth economy
12 May 2025 10:09 ABU DHABI (ALETIHAD)Abu Dhabi Investment Office (ADIO) and ITOCHU Corporation (ITOCHU), one of Japan's most prominent trading and investment firms, have entered a strategic agreement to support the expansion of ITOCHU's portfolio companies into Abu during the Abu Dhabi Investment Forum (ADIF) in Tokyo, the partnership aims to facilitate the market entry and scale-up of ITOCHU's portfolio companies in Abu Dhabi's priority sectors, including advanced manufacturing, agri-tech, clean and renewable energy, healthcare, information and communications technology (ICT), and logistics. The collaboration will also identify opportunities for co-investment and the joint ventures with Abu Dhabi investors that drive innovation and sustainable economic growth across the portfolio companies will benefit from tailored, end-to-end support by ADIO to establish and expand their operations in Abu Dhabi. In parallel, the collaboration will foster knowledge exchange initiatives and capacity-building programmes designed to accelerate the development of Emirati talent and resilient value chains across the emirate's priority agreement builds on ITOCHU's growing role in advancing industrial innovation and supporting the UAE Net Zero 2050 strategic initiative. In 2023, the company partnered with EMSTEEL Group and AD Ports Group to enter into a feasibility study for an integrated low-carbon iron supply chain in Abu Dhabi, reinforcing the emirate's leadership in sustainable industrial Al Olama, Director General, ADIO said, "Our collaboration with ITOCHU reflects the confidence of investors in Abu Dhabi as ambition for a global platform for growth. We are connecting ambitious Japanese investors with opportunities emerging across Abu Dhabi's priority sectors. More broadly, this partnership bolsters the strength of cooperation between Japan and Abu Dhabi's private sectors, transforming alignment into action for long-term partnership."Kenji Otsuka, CEO for Middle East Bloc, ITOCHU Corporation, said, "Abu Dhabi presents a compelling platform for expansion, combining progressive regulations, advanced manufacturing and a clear vision for sustainable economic development. Through this partnership, we aim to support our portfolio companies in capturing the opportunities Abu Dhabi offers across critical sectors while enabling ITOCHU to deliver tangible growth for our partners and contribute to the success of Abu Dhabi's economic transformation." The partnership reflects the ADIF's critical role in facilitating strategic collaboration and economic development. By convening global leaders, investors and family offices, the fourm provides a platform for the formation of impactful partnerships that foster innovation, strengthen economic ties and create mutually beneficial opportunities that support long-term growth. Aligning global investment with strategic priorities across innovation and advanced industries, the ADIO–ITOCHU partnership is set to play a pivotal role in accelerating the emirate's economic diversification and growth.
Scottish Sun
05-05-2025
- Scottish Sun
Travel chaos in Spain as trains halted and passengers hit with delays after cable theft – days after power outage
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THIEVES have stolen copper cables from Spain's high-speed train network, halting services, stranding thousands and trapping passengers on trains overnight. The theft targeted line cables in four spots within a 6-mile stretch between Madrid and Seville - Transport Minister Oscar Puente called it a 'serious act of sabotage' on X. Sign up for Scottish Sun newsletter Sign up 4 People waited anxiously for news about their delayed trains at the Madrid train station Credit: AP 4 Thousands were left stranded here on Sunday evening Credit: EPA 4 Train disruptions still continue Credit: EPA Thousands of passengers were left waiting in Madrid's Atocha station on Sunday evening after the network was hit was delays. Mexican tourist Alberto Valero and his family spent hours stranded at the station due to delays on the Madrid–Seville train line. Valero said: 'We're here with tourists from everywhere - France, Portugal. "Everyone is at a loss for what to do because of the total disarray.' Train services on numerous lines of the high-speed network were suspended. Nine trains were even left stranded between stations, with many passengers forced to spend the night onboard, according to interviews on Spain's state broadcaster TVE. On Monday morning, only a few trains left Madrid for Toledo, as services to cities further south, like Seville and Malaga, were still suspended, Spain's railway infrastructure company ADIF said on X. The train connecting Madrid and cities in the South was expected to resume service at around 9.30am on Monday, ADIF said. The railway company said its staff were working to replace the stolen cables and reestablish the service. The network links most major cities but is exposed to cable thefts as it runs through vast, empty countryside. Spain and Portugal power outage – Sweeping blackouts shut down internet & grind transport to a halt It comes after Spain and Portugal were plunged into blackout last Monday - affecting more than 55 million people and lasting more than half a day. Spain's Interior Ministry declared a national emergency and deployed 30,000 police to maintain order as both governments held emergency cabinet meetings. In Madrid, emergency crews carried out 286 rescues to free people trapped in lifts, while passengers in Portugal were forced to flee darkened underground tunnels. Traffic lights failed, mobile networks collapsed, and desperate residents queued outside shops, petrol stations and banks to grab supplies and cash. Airports in Lisbon, Madrid and Barcelona ground to a halt, with hundreds of flights delayed or cancelled, leaving tens of thousands of British tourists stranded. Hundreds of passengers were also left trapped on trains. Spain's transport minister said 11 trains remained stranded with passengers on board on Tuesday, nearly nine hours after the blackout. At least five people are known to have lost their lives to various tragedies in the 24 hours of the blackout. The blackout was dubbed the worst in European history - eclipsing the 2003 outage that hit 56 million people in Italy and Switzerland.
The Irish Sun
05-05-2025
- The Irish Sun
Travel chaos in Spain as trains halted and passengers hit with delays after cable theft – days after power outage
THIEVES have stolen copper cables from Spain's high-speed train network, halting services, stranding thousands and trapping passengers on trains overnight. The theft targeted line cables in four spots within a 6-mile stretch between Madrid and Seville - Transport Minister Oscar Puente called it a 'serious act of sabotage' on X. 4 People waited anxiously for news about their delayed trains at the Madrid train station Credit: AP 4 Thousands were left stranded here on Sunday evening Credit: EPA 4 Train disruptions still continue Credit: EPA Thousands of passengers were left waiting in Madrid 's Atocha station on Sunday evening after the network was hit was delays. Mexican tourist Alberto Valero and his family spent hours stranded at the station due to delays on the Madrid–Seville train line. Valero said: 'We're here with tourists from everywhere - France, Portugal. "Everyone is at a loss for what to do because of the total disarray.' Read more Spain Train services on numerous lines of the high-speed network were suspended. Nine trains were even left stranded between stations, with many passengers forced to spend the night onboard, according to interviews on Spain's state broadcaster TVE. On Monday morning, only a few trains left Madrid for Toledo, as services to cities further south, like Seville and Malaga, were still suspended, Spain's railway infrastructure company ADIF said on X. The train connecting Madrid and cities in the South was expected to resume service at around 9.30am on Monday, ADIF said. Most read in The Sun The railway company said its staff were working to replace the stolen cables and reestablish the service. The network links most major cities but is exposed to cable thefts as it runs through vast, empty countryside. Spain and Portugal power outage – Sweeping blackouts shut down internet & grind transport to a halt It comes after Spain and Portugal were Spain's Interior Ministry In Madrid, emergency crews carried out 286 rescues to free people trapped in lifts, while passengers in Portugal were forced to flee darkened underground tunnels. Traffic lights failed, mobile networks collapsed, and desperate residents queued outside shops, petrol stations and banks to grab supplies and cash. Airports in Lisbon, Madrid and Barcelona ground to a halt, with hundreds of flights delayed or cancelled, leaving tens of thousands of British tourists stranded. Hundreds of passengers were also left Spain 's transport minister said 11 trains remained stranded with passengers on board on Tuesday, nearly nine hours after the blackout. At least five people are known to have The blackout was dubbed the worst in European history - eclipsing the 2003 outage that hit 56 million people in Italy and Switzerland. 4 The aftershocks of Spain's blackout are being felt Credit: EPA
The Sun
05-05-2025
- The Sun
Travel chaos in Spain as trains halted and passengers hit with delays after cable theft – days after power outage
THIEVES have stolen copper cables from Spain's high-speed train network - suspending services, stranding thousands at stations and leaving passengers stuck on trains overnight. The theft targeted line cables in four spots within a 6-mile stretch between Madrid and Seville - Transport Minister Oscar Puente called it a 'serious act of sabotage' on X. 4 4 4 Thousands of passengers were left waiting in Madrid's Atocha station on Sunday evening after the network was hit was delays. Mexican tourists, Alberto Valero and his family, had to spend hours at the station due to the delays on the train line connecting Madrid to their destination of Seville. He said: 'We're here with tourists from everywhere - France, Portugal. "Everyone is at a loss for what to do because of the total disarray.' Train services on numerous lines of the high-speed network were suspended. Nine trains were even left stranded between stations, with many passengers forced to spend the night onboard, according to interviews on state broadcaster TVE. On Monday morning, only a few trains left Madrid for Toledo, as services to cities further south, like Seville and Malaga, were still suspended, Spain 's railway infrastructure company ADIF said on X. The train connecting Madrid and cities in the South was expected to resume service at around 9.30am, ADIF said. The railway company said its staff were working to replace the stolen cables and reestablish the service. The network links most major cities but is exposed to cable thefts as it runs through vast, empty countryside. Spain and Portugal power outage – Sweeping blackouts shut down internet & grind transport to a halt It comes after Spain and Portugal were plunged into blackout on Monday - affecting more than 55 million people and lasting more than half a day. Spain's Interior Ministry declared a national emergency and deployed 30,000 police to maintain order as both governments held emergency cabinet meetings. In Madrid, emergency crews carried out 286 rescues to free people trapped in lifts, while passengers in Portugal were forced to flee darkened underground tunnels. Traffic lights failed, mobile networks collapsed, and desperate residents queued outside shops, petrol stations and banks to grab supplies and cash. Airports in Lisbon, Madrid and Barcelona ground to a halt, with hundreds of flights delayed or cancelled, leaving tens of thousands of British tourists stranded. Hundreds of passengers were also left trapped on trains. Spain's transport minister said 11 trains remained stranded with passengers on board on Tuesday, nearly nine hours after the blackout. At least five people are known to have lost their lives to various tragedies in the 24 hours of the blackout. The blackout was dubbed the worst in European history - eclipsing the 2003 outage that hit 56 million people in Italy and Switzerland. 4
