Latest news with #MurtazaHussain
Mint
4 days ago
- Politics
- Mint
Ukraine launched drones from trucks parked deep inside Russia in ‘modern Pearl Harbor' attack
New chilling details have emerged as Ukrainian drones on Sunday reportedly destroyed at least 40 Russian planes in an attack on the eve of peace talks between the two countries. According to a social media post by Murtaza Hussain, a journalist at Drop Site News, the FPV drones used by Ukraine were launched from trucks parked inside the Russian territory. 'The FPV drones were reportedly launched from trucks parked inside Russian territory and deployed from the top of removable roofs,' he said on X. Hussain described the attack as 'modern Pearl Harbor'. 'Despite losing territory to Russian advances in recent months the UA has pulled off a modern Pearl Harbor. I would brace for serious retaliation.' The attack on Pearl Harbor was a surprise air raid by Japan on the US in 1941, in the midst of the World War II. In a surprise drone attack, Ukraine claimed to destroy more than 40 Russian planes deep in Russia's territory, as per a report by The Associated Press quoting sources. While the official source quoted by AP could not share operational details, they said the attack took over a year to execute and was personally supervised by Ukrainian President Volodymyr Zelensky. The drones were transported in containers carried by trucks deep into Russian territory, as per the report. The drones hit airfields including the Belaya air base in Russia's Irkutsk region, more than 4,000 kilometers (2,500 miles) from Ukraine. It is the first time that a Ukrainian drone has been seen in the region, local Gov. Igor Kobzeva said, stressing that it did not present a threat to civilians. The attack was disclosed on the same day as Zelensky said Ukraine will send a delegation to Istanbul for a new round of direct peace talks with Russia on Monday. In a statement on Telegram, Zelenskyy said that Defense Minister Rustem Umerov will lead the Ukrainian delegation. 'We are doing everything to protect our independence, our state and our people,' Zelensky said. Meanwhile, Russia on Sunday launched the biggest number of drones — 472 — on Ukraine since the full-scale invasion in February 2022, Ukraine's air force said.
Gulf Business
29-01-2025
- Business
- Gulf Business
Lunate to acquire minority stake in ADNOC Gas Pipelines
Image: Lunate The transaction, which is subject to the signing of a sale and purchase agreement and the potential exercise of relevant shareholders' rights, will be conducted through Lunate's Long-Term Capital Fund I. This fund aims to provide investors with attractive cash yields and long-term capital appreciation. ADNOC Gas Pipelines, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), holds lease rights to 38 pipelines spanning a total of 982 kilometres across the UAE. The gas pipeline network serves as a vital connection between ADNOC's upstream assets and local UAE off-takers. The pipelines represent an essential asset, generating stable and predictable cash flows in a critical sector, and play a significant role in the UAE's broader energy infrastructure strategy. Snam's sale of stake to Lunate aligns with its strategic plan Snam initially acquired its stake in ADNOC Gas Pipelines in 2020, as part of a consortium including Global Infrastructure Partners (GIP), GIC, Brookfield Asset Management, Ontario Teachers' Pension Plan Board, and NH Investment & Securities, through Galaxy Pipeline Assets HoldCo Limited. During its ownership, Snam has applied its industrial expertise and innovative solutions in natural gas management to add value to the asset and contribute to the UAE's energy system. Stefano Venier, CEO of Snam, commented, 'The sale of the stake in ADNOC Gas Pipelines is consistent with the recently presented strategic plan, which focuses on the development of a pan-European multi-molecule 2025-2029 infrastructure. In this perspective, the rotation of some assets not located along the key European energy corridors where we operate in, allows us to capitalise on their value.' Murtaza Hussain, managing partner at Lunate, said, 'ADNOC Gas Pipelines is a key asset within the UAE's energy infrastructure system. We are pleased to strengthen our partnership with
Zawya
28-01-2025
- Business
- Zawya
Lunate to acquire a minority stake in ADNOC Gas Pipelines from Snam
Snam's sale of the minority stake is in line with its strategic direction to focus on the development of energy transition infrastructure along key European energy corridors Abu Dhabi, Milan: Lunate, an Abu Dhabi based global alternative investment manager with USD 105 billion in assets under management, announced it is to acquire a minority stake in ADNOC Gas Pipelines that is indirectly held by Snam, Europe's leading gas infrastructure operator. The transaction, which is subject to the signing of the sale and purchase agreement, as well as to the potential exercise of the relevant shareholders' rights, will be made through Lunate's Long-Term Capital Fund I that aims to provide investors with attractive cash yields and long-term capital appreciation. ADNOC Gas Pipelines, a subsidiary of ADNOC, has lease rights to 38 pipelines covering a total of 982 kilometers across the United Arab Emirates (UAE). The gas pipeline network serves as a strategic link connecting ADNOC's upstream assets to local UAE off-takers. It represents a high-quality and essential asset that generates stable and predictable cash flows in a critical sector and is a major contributor to the UAE's energy infrastructure strategy. Snam acquired its stake in ADNOC Gas Pipelines in 2020, along with other consortium partners, including GIP, GIC, Brookfield Asset Management, Ontario Teachers' Pension Plan Board and NH Investment & Securities, through Galaxy Pipeline Assets HoldCo Limited. Over this period, Snam has leveraged its industrial skills, know-how and innovative solutions in natural gas management to bring value to the asset and the UAE's wider energy system. Commenting on the transaction, Stefano Venier, Chief Executive Officer, Snam said, 'The sale of the stake in ADNOC Gas Pipelines is consistent with the recently presented strategic plan, which focuses on the development of a pan-European multi-molecule 2025-2029 infrastructure. In this perspective, the rotation of some assets not located along the key European energy corridors where we operate in, allows us to capitalize their value." Murtaza Hussain, Managing Partner, at Lunate said, 'ADNOC Gas Pipelines is a key asset within the UAE's energy infrastructure system. We are pleased to strengthen our partnership with ADNOC through this investment and deliver on Lunate's mandate to offer investors access to high quality assets.' -Ends- About Lunate Lunate Capital Limited (regulated by the ADGM FSRA) is a subsidiary of Lunate Holding RSC Limited. Lunate is an Abu Dhabi-based, Partner-led, independent global alternative investment manager with over 200 employees and US$105 billion of assets under management. Lunate invests across the entire private markets spectrum, including buyouts, growth equity, early and late-stage venture capital, private credit, real assets, and public equities and public credit. Lunate aims to be one of the world's leading private markets solutions providers through SMAs and multi-asset class funds, seeking to generate best-in-class risk-adjusted returns for its clients. For any media inquiries, please contact media@ To learn more, please visit About Snam Snam is Europe's leading operator in natural gas transport, with a network of approximately 38,000 km in Italy and abroad. Snam also operates gas storage, of which it holds about 20% of the European capacity, and regasification plants. Snam ranks among Italy's largest listed companies by market capitalization. With its 80 years of experience in the construction and management of energy infrastructure, Snam ensures security of supply and promotes the energy transition through investments in green gases (biomethane and hydrogen), energy efficiency and CCS (carbon capture and storage) technology. Learn more:
