New Delhi: Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, on Monday commenced its India operations after obtaining the necessary regulatory approvals and opening its office in the GIFT City in Gujarat. 

The office is expected to drive further intensification of ADIA’s investment activities in the country, it was announced during the 12th meeting of the India-UAE high-level joint task force on investments in Mumbai co-chaired by Union Commerce Minister Piyush Goyal and His Highness Sheikh Hamed bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority.

Subsequently, ADIA announced setting up an Alternative Investment Fund in GIFT City to hold all its India-related investments. Since its establishment, GIFT City in Ahmedabad is fast emerging as a leading global financial and technology hub, providing a thriving financial ecosystem to support and expand businesses.

During the visit of Prime Minister Narendra Modi to Abu Dhabi in July this year, it was announced that ADIA would establish a presence in GIFT City. Meanwhile, the iconic India Pavilion at the Expo City in Dubai will host the first overseas campus of Indian Institute of Foreign Trade (IIFT). IIFT is likely to move into its premises by early 2025 with short and medium-term training programmes, research and eventually with launch of its flagship programme, MBA (International Business).

The campus will be a boon for the 3.5 million-strong Indian community residing in the UAE. It will also open doorways for the overseas expansion and recognition of the IIFT brand. Commerce Minister said that IIFT’s new campus at Dubai would be a landmark decision in transforming it into a world-class institute in real sense.

“Moreover, with IIFT’s expertise in the area of foreign trade, it would provide opportunity for students, professionals and government officials not only from the UAE but from other parts of the world too for training and research in the area of international trade,” Goyal added. The UAE continues to be the largest Arab investor in India, with investments amounting to around $3 billion in FY 2023-24.

Shah Rukh Khan’s fans are excited to see the star host the International Indian Film Academy Awards (IIFA) this year in Abu Dhabi. IIFA is set to celebrate its 24th edition from September 27 to September 29. Shah Rukh Khan flew to Yas Island, Abu Dhabi in the early hours of Thursday and received a special welcome from his hotel, the Hilton Abu Dhabi Yas Island. What was special about this welcome? All things gourmet and exclusive! IIFA shared pictures of SRK’s room on their official Instagram handle.
The room was full of delicious desserts and savoury treats, customised for SRK. The caption on the post read, “Sneak peek into Shah Rukh Khan’s room.” The carousel features a huge photo cake with pictures of SRK’s films — Raees, Pathaan, Ra-One, Zero, Dunki and Don 2. The cake is surrounded by edible ‘movie reels’ and lots of macarons in different flavours and colours.
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Another pic focused on a tray full of gourmet desserts with a gold video camera, movie reels, and Shah Rukh Khan‘s poster. Below all these exquisite bites, the text read, “Welcome to Hilton Abu Dhabi Yas Island.”
They also placed a tray full of bowls containing a mix of berries, a mix of dried fruits, dates and a mix of nuts. One can also spot a charcuterie board full of cheese sticks, nuts, dried fruits, fresh strawberries, and more luxury desserts.
Finally, the last picture showcased a counter full of gourmet snacks — Lindt chocolates, Kettle black truffle potato chips, trail mix, Ferrero Rocher milk chocolates and many other items. They also placed glass bottles of mineral water.

Take a look at the full post here:

Fans showered their love for SRK in the comments section and shared their reactions to all the exquisite food. Take a look:

“The cake looks so cute,” one wrote. A fan wondered, “Does he really eat that much chocolate and sweets?”
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Another said, “Wow so royal, enjoy!” A fan recalled, “I offered him the same Swiss chocolates Lindt when he was in Lugano coming from the Devdas screening! Now I know he liked them!”
Along with Shah Rukh Khan, IIFA 2024 will be hosted by Vicky Kaushal and Karan Johar.  The three-day gala will begin with IIFA Utsavam, a special event celebrating the contributions of southern film industries – Tamil, Telugu, Malayalam, and Kannada cinema.