City Dubai Financial News

The United Arab Emirates (UAE) recorded $25b in crypto transactions in 2022. Now, it is adopting accommodative regulatory policies to pursue further investment, according to a report published Monday.

DUBAI—Saudi Arabia and other oil-rich Persian Gulf states have tried to avoid taking a position on America’s geopolitical rivalries in recent years, staying neutral in the Ukraine war and building ties with China. With Israel and Iran in open conflict, they might be forced to choose a side. Saudi Arabia and the United Arab Emirates struggled to stay on the sidelines when it became clear last week that Iran would attack Israel in retaliation for a strike in Syria that killed senior Iranian military officers.

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Hong Kong gave conditional approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both tokens and the wider crypto market.

Israel through Saturday night into Sunday. Emirates Airlines cancelled some of its fights, while Etihad Airways cancelled services to Tel Aviv and Amman on Sunday.

The White House says it will provide unspecified support for Israel’s defense against an ongoing airborne attack from Iran.

DevX is looking to double its portfolio to over 2 million sq ft over the next two years with focus on tier-2 and -3 cities, as adaption of distributed workforce option by larger enterprises leads to a rise in demand, said a top company executive. The company currently has operational centres in key cities like Mumbai, Pune, Hyderabad, Noida, Raipur, Jaipur and Ahmedabad. Last week, it set up a new co-working centre spread over 25,000 sq ft with 300 seats in Udaipur. DevX is also working on plans for its foray into the international market, starting with Dubai and Singapore.

Dymon Asia Capital, the Singapore-based hedge fund, was opening a new office in Mumbai last time we checked. It’s been a while, however. Dymon already has offices in Hong Kong, Shanghai, Tokyo, Malaysia, and has its eyes on Dubai, with Mumbai now up and running.

National Testing Agency (NTA) declaring the CUET PG Result 2024 today, April 13, the agency has released a list of toppers as well. Candidates who have appeared for the Common University Entrance Test (Postgraduate) 2024 can check and download the CUET PG 2024 Result from the official website at pgcuet.samarth.ac.in. The NTA conducted the CUET PG 2024 between March 11 and 28, 2024 via a computer-based test (CBT) in 572 different centres located in 262 cities including nine cities outside India (Manama, Dubai, Kathmandu, Muscat, Riyadh, Ottawa, Abu Dhabi, Vienna, and Qatar) How to check CUET PG Result 2024:

Roberto Cavalli has died at the age of 83, his company said in a post on Instagram. «The Roberto Cavalli company shares condolences with Mr. Cavalli's family,» Sergio Azzolari, chief executive of Roberto Cavalli, said in the post.

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Matthew White, CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), expressed the watchdog’s commitment to easing the regulation burden for smaller crypto entities.

Sirius India Airlines will start chartered services and has partnered with Dubai-based Transworld Group's Airavat Aviation. The company is co-promoted by airline industry veteran Arun Kashyap, who recently quit SpiceJet. According to a release on Tuesday, Sirius India Airlines aims to expand its fleet by adding nearly a dozen top-of-the-line 9-seater to 100-seater charter aircraft by the end of this financial year. «Sirius India Airlines, in collaboration with Airavat Aviation, will initially operate flights through a Hawker 4000 aircraft, while it plans on expanding its fleet size to three aircraft in coming months.

Crypto.com announced Tuesday that its Dubai-based entity achieved full operational approval from the Virtual Assets Regulatory Authority (VARA). It will commence operational services by catering to institutional investors.

A raft of agreements between African countries and Dubai-based company Blue Carbon could give the company control over large swaths of land for conservation projects

Pakistan branded few Indians as Research and Analysis Wing (RAW) agents and accused them of targetted killings in the country, Dubai-based Ashok Kumar Anand, one of the accused, has called the allegations to be ‘false and unfortunate’. Anand called himself as a simple businessman and rejected Pakistan's claims of his connection with the Indian agency. Moreover, he also said that he is facing death threats after Pakistan's claims about his link with the killings, reported India Today.

Sumit Nagal became the first Indian to enter the Monte Carlo Masters singles main draw in 42 years, beating Facundo Diaz Acosta of Argentina in a three-setter in the final qualifying round here on Sunday. Nagal, ranked 95th in the world, defeated his world number 55 rival 7-5 2-6 6-2 in a gruelling match that lasted two hours and 25 minutes. In the first round of the main draw, he will meet world number 35 Matteo Arnaldi of Italy in the clay court tournament. The 26-year-old Nagal was following the footsteps of the legendary Ramesh Krishnan, who had made it to the main draw of the same tournament in 1982.

Anant Ambani, the youngest son of Reliance Industries Limited Chairman & Managing Director Mukesh Ambani created quite a furour during a recent shopping trip to Dubai, where he was accompanied by a convoy. In a video shared by a social media handle called Historic Vids, the Reliance Industry scion is seen arriving in a Rolls Royce Cullinan Black Badge, painted in a flambuoyant Iced Orange Metallic. He was surrounded by no less than 20 cars, most of them were security SUVs. The video clip was shared by Historic Vids on X (formerly Twitter), and it went viral moments after it was shared. The clip gained over 8.2 million views and 32K likes. Many netizens flooded the comment section and left their two cents. “I understand rich people have staff and security they move around with. But at what point does this stop actually adding extra security and makes them more noticeable and just a nuisance to everyone?” read one comment. “If you need this much protection it may mean that you’re a target…” wrote another. “I'm just trying to survive inflation under Biden.” wrote another.

Marico stock rises 3% after company reports gradual uptick in Q4 growth Notably, Tanishq expanded its presence by inaugurating new stores in Dubai and Chicago (USA) during the quarter. Within India, out of the 27 new store additions (net), Tanishq accounted for 11, while Mia contributed 16 new stores to the network. The domestic business of Watches & Wearables experienced a solid annual growth of approximately 7%.

Titan's revenue jumped 17% year-on-year in the fourth quarter and 36 stores were added in the same period. The overall store count currently stands at 3,035.

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