City Dubai Financial News

Avenix Fzco, a financial technology company based in Dubai, has developed a new forex robot called Avexbot. This expert advisor (EA) is designed for use on the MetaTrader 4 (MT4) platform, focusing on the GBPUSD currency pair with a 15-minute timeframe. Avexbot utilizes candlestick analysis on daily charts to identify market trends and determine optimal entry points for buy or sell positions.

Nazara Technologies has acquired a 15.86% stake in esports community platform Stan for Rs 18.4 crore ($2.2 million) in an all-cash secondary transaction. The investment was made through Nazara's wholly-owned subsidiary, Nazara Dubai FZ. Founded by Parth Chadha, Nauman Mulla and Rahul Singh, Stan is an esports fan engagement startup that offers a mobile-first platform, enabling gamers to connect and support content creators with various tools.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Dubai-based fintech company Avenix Fzco has introduced Trendonex, a new forex robot designed for the MetaTrader 4 (MT4) platform. This Expert Advisor (EA) aims to assist traders in identifying trends, determining entry points, and managing trades in the forex market.

Majestic EA is the newest FX robot from Dubai-based fintech firm Avenix Fzco. Forex market participants can benefit from this automated trading program’s operation on the MetaTrader 5 (MT5) platform.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

ecommerce and forex trading portals, following investigations by the Enforcement Directorate (ED), said people aware of the matter. They include OctaFX, Fairplay, Magicwin, Mahadev Online Book and 30 others, operated by promoters located in Spain, Dubai, Russia and Pakistan.

₹4.57 crore) investment is required to be eligible for Golden Visa. “Golden Visas are valid for 10 years and can be renewed thereafter. Once the requirements have been fulfilled, pending initial approval of the application, the successful applicant receives a six-month multiple-entry visa and travels to the UAE (United Arab Emirates) to apply for an ID card and undergo a medical check," explained Rohit Bhardwaj, country head – India and director private clients at Henley & Partners.

MSKA & Associates, the audit firm of embattled edtech startup Byju's, has informed the company's board of its resignation as statutory auditor with immediate effect, said two people aware of the development. This will affect the firm's audit for FY23 accounts. It had been appointed for a five-year term ending FY27. In the resignation letter, the auditor also cited a suspicious transaction related to Dubai-based reseller More Ideas General Trading LLC that had been reported to the ministry of corporate affairs (MCA) on September 2, said the people quoted above. This involves recovery of about ₹1,400 crore from the reseller. ET had reported February 19 that investors in Byju's had raised red flags over the management's failure to recover dues in this particular transaction.

The first floor of Bandra Born is designed like a small Japanese bar. It features high seating, plenty of wood, and at the far end, a DJ console presided over by chef Gresham Fernandes. He plays electronic, funk, and hip-hop as drinks are poured and diners dance.

international travel. A recent report by MakeMyTrip, covering the period from June 2023 to May 2024, highlights a significant rise in the number of Indians taking international trips, with a 32% growth in people going on two or more international journeys. Those taking three or more trips have grown by 37%, underscoring India's growing appetite for global travel.

oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday. The October official selling price (OSP) for flagship Arab Light crude is expected to fall between 50 and 70 cents a barrel, three of five refining sources said in a Reuters survey, to track a similar trend for Dubai price spreads last month. Such a price cut would also reflect weak refining margins especially in China where sluggish manufacturing and property sectors are squeezing fuel demand, the sources said.

Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and boost earnings. «Astro's acquisition is part of our plan to become one of the world's largest marine operators,» said Ashwani Gupta, wholetime director and CEO of APSEZ. «Astro will add 26 ships to our current fleet of 142 tugs and dredgers, making a total of 168 ships. This will also give us access to many important customers and strengthen our presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.» The deal valued Astro Shipping at $235 million. The company offers maritime services including ship management, shipping agency, freight forwarding, and chartering.

Mint. This follows an aggressive expansion period for the banking technology startup, when the company targeted entering 30 countries and newer verticals after raising its first institutional funding of $250 million from SoftBank Vision Fund 2 at a valuation of $1.45 billion in 2021. "We have a razor-sharp focus on India.

Icra Ltd. This, he said, was largely attributable to rising demand for international travel for leisure, jobs—primarily in the Middle East—and studies. India's aviation market—the world's third largest and also the fastest growing—is on the cusp of a boom as the economy expands and incomes rise, prompting airlines to add capacity.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Rushpips, the newest forex robot from Dubai-based financial technology firm Avenix Fzco, was just released. With a focus on the MetaTrader 4 platform, this automated trading program was created with the sole purpose of helping traders navigate the volatile forex market.

In the ever-evolving world of forex trading, automation continues to play a significant role. Avenix Fzco, a Dubai-based financial technology firm, has recently introduced Botogon, its newest forex robot designed for the MetaTrader 4 (MT4) platform. This Expert Advisor (EA) aims to assist traders in navigating the complexities of the foreign exchange market, with a particular focus on the XAUUSD pair.

SP Jain Group has acquired California Miramar University (CMU), which will allow the group that runs business schools to offer artificial intelligence-related master’s and bachelor’s programmes to global students. The process to acquire the university had started in November last year and the all-cash deal is now through, SP Jain Group president Nitish Jain told ET over a virtual interaction. With the acquisition, the group now has access not only to AI courses and learning tools but also the US market, he said. The group has six campuses: Dubai (opened in 2004), Singapore (2005), Sydney (2012), Mumbai (2015), London (2023), and now CMU in San Jose, California. The group primarily has two flagship programmes: master of global business and executive MBA.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...