UAE’s King Sheikh Mohammed bin Rashid Al Maktoum renamed the Al Minhad area and surroundings “Hind City”
His Highness, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has given orders to rename the Al Minhad area and its surroundings as “Hind City” on Sunday.
Four different zones make up The Hind City, which is connected by key roadways such as Emirates Road, Dubai-Al Ain Road, and Jebel Ali-Lehbab Road.
The city, which has an area of 83.9 kilometres, also has neighbourhoods for Emirati residents.
Burj Dubai was renamed Burj Khalifa earlier in 2010 in honour of Sheikh Khalifa Bin Zayed Al Nahyan, who was at the time the President of the United Arab Emirates and Ruler of Abu Dhabi.
False and misleading messages on social media claim that Dubai’s Al Minhad area has been renamed “Hind City” in honour of India and the contribution of Hindus to humanity.
Right-wing Twitter account Megh Updates spreaded this false information. Over 1.1 million people have now seen the false tweet.
Ruler of Dubai and PM of UAE, Sheikh Mohammed bin Rashid Al Maktoum has ordered that a district in the emirate be renamed.
Al Minhad and its surrounding 84 Square KM areas will now be known as “Hind City” to honour the contribution of India and Hindus towards humanity. pic.twitter.com/3o5y45FLSU
— Megh Updates 🚨™ (@MeghUpdates) January 30, 2023
Anil Bulani, a member of parliament from Uttarakhand and a spokesman for the Bharatiya Janata Party, asserted that the renaming was evidence of India’s increasing influence on the international stage under Modi’s leadership.
Al Minhad city in Dubai has been renamed as 'Hind City' by PM of Dubai Sheikh Mohammed Rashid.
Under the dynamic leadership of PM Shri @narendramodi ji India's respect and honor has increased tremendously on the world stage.#ModiHaiToMumkinHaihttps://t.co/JvXTlNDY1A
— Anil Baluni (@anil_baluni) January 31, 2023
ANI, News18, News18Hindi, and India Today are the news organisations that covered the name change. It is important to note that Indian media typically does not report on the renaming of areas in other countries unless it is significant for readers back home. While the news outlets did not delve into the meaning of the name “Hind City,” it is important to note that Indian media generally does not report on it.
The website of the Government of Dubai’s Media Office contains information about the renaming. There is no mention of India, Hindus, or Indian Prime Minister Narendra Modi in what appears to be a regular release.
Hind is an Arabic name that has its roots in the region’s ancient civilisation. The renaming of an area in Dubai as Hind City does not refer to any country.
Additionally, Hind is an ancient Arabic first name. Sheikh Mohammed bin Rashid Al Maktoum’s senior wife is Hind bint Maktoum Al Maktoum.
Abu Dhabi IHC Investing $381.17 million in Adani Enterprises
International Holding Company (IHC.AD), an Abu Dhabi conglomerate, announced on Monday that it would invest 1.4 billion dirhams ($381.17 million) in Adani Enterprises’ (ADEL.NS) follow-on public offering.
IHC’s announcement comes as investors have lost $65 billion in value of the Indian firm headed by Asia’s richest man, Gautam Adani after Adani’s response to criticism from a U.S. short-seller failed to pacify investors.
“Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises Ltd; we see a strong potential for growth from a long-term perspective and added value to our shareholders,” IHC CEO Syed Basar Shueb said in a statement.
The largest publicly traded firm in Abu Dhabi, IHC, invested $2 billion in Adani Group companies, including Adani Enterprises, last year.
Adani Group has responded against the Hindenburg Research study that raised questions about Adani Group’s amount of debt and use of tax havens and was released last week.
IHC, Abu Dhabi’s biggest publicly traded company, invested $2 billion in Adani Group companies last year, including Adani Enterprises.
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Adani Group has reacted to the Hindenburg Research investigation, which was published last week and expressed concerns about Adani Group’s level of debt and usage of tax havens.
“The advantage of the FPO (follow-on offer) is the historical reference for the company’s earnings report, company’s management, business practices, and much data to bank on before making any investment decision,” Shueb said in a statement, which did not mention the Hindenburg report or its impact.
Ahmad Ibrahim, a spokesman for IHC, stated that it is company policy for IHC not to comment on the activities of other companies.
According to Shueb, the business is “carefully monitoring the global market for new prospects, and we will continue investigating more options outside our usual market in 2023.”
Sheikh Tahnoun bin Zayed Al Nahyan, the national security adviser for the UAE and the president’s brother, serves as chairman of the Abu Dhabi conglomerate. With two of its subsidiaries ranking among the top four firms in terms of valuation, it has skyrocketed to the top of Abu Dhabi’s stock market.
IHC stated that it plans to increase global acquisitions by 70% this year, concentrating on the clean energy and food processing industries.
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