City Dubai Financial News

IPL 2024 fever coincided during a similar timeline, there were talks of shifting this cash-rich cricket franchise league to Dubai which was done under similar conditions during a previous national general elections. Interestingly, the auction for the IPL 2024 season was also held in Dubai's Coca Cola Arena where team owners bought some of the leading cricket players in the world currently. However, BCCI acknowledged the importance of the tournament being held and decided upon hosting all matches of the IPL 2024 in India itself. The IPL has entered its second month currently, with ten teams going head-to-head against each other to finish as the top four in the points table. The ten teams participating in IPL 2024 include Kolkata Knight Riders, Mumbai Indians, Lucknow Super Giants, Gujarat Titans, Rajasthan Royals, Punjab Kings and more. Already some excellent matches have taken place with the most recent one being the clash between the Kolkata Knight Riders and Delhi Capitals, which was won by KKR by a massive 106 runs. KKR posed a target of 273 runs to DC, and in response the latter was knocked out for a mere 166. The highest scorer of this match was West Indian all-rounder Sunil Narine who hit a fiery knock of 85 runs in just 39 balls. With this win, KKR is comfortably seated at the top of the points table followed by Rajasthan Royals who are behind on the basis of NRR.

An exclusive invitation to meet groundbreaking humanoid robot shaping the future of emerging technology and artificial intelligence at Global AI & Global Blockchain Show

Dubai, April 2, 2024: VAP Group is pleased to announce the inaugural edition of the Global AI Show and the Global Blockchain Show scheduled to take place on April 16 and 17, 2024 at the Grand Hyatt, Dubai.

Mahua Moitra in a cash-for-query row that also involves Dubai-based businessman Darshan Hiranandani, reported news agency ANI quoting its sources. Earlier, the TMC leader missed ED summons that asked her to appear for questioning at the New Delhi office. The probe agency had issued fresh summons to Moitra and Dubai-based businessman Darshan Hiranandani for questioning in a Foreign Exchange Management Act (FEMA) contravention case. The 49-year-old Trinamool Congress leader was called for questioning twice earlier by the central agency, but she did not depose citing official work and sought deferment of the notice. Moitra, who was expelled from the Lok Sabha in December for «unethical conduct», has been renominated by her party from West Bengal's Krishnanagar seat in the upcoming Lok Sabha polls.

Deribit, the world’s largest crypto options exchange, said Tuesday that its Dubai-based subsidiary was granted a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA).

ESG practices are considered pivotal for business sustainability and community engagement. Consumers are increasingly favouring socially conscious brands, providing a competitive edge for MSMEs embracing sustainability.

—Name withheld on request

CBI) has recorded the statements of the family members of Azad Yousuf Kumar, a Kashmiri man who was allegedly unwittingly thrust into the Russia-Ukraine conflict after being deceived. The agency recorded their statements recently after filing an FIR against 19 people and visa consultancy firms linked to the exploitation of Indian youth. Azad's elder brother Sajad Ahmed Kumar told PTI that the CBI questioned him about his brother's situation and wanted his presence at their New Delhi office. However, he was unable to comply due to current financial circumstances. Sajad also said the families of 12 other affected Indian men have been contacted by the CBI and they emphasised their desire for the safe return of their loved ones.

tax saving instruments is March 31. This is common knowledge but not many are aware that the last date to invest in Equity Linked Savings Instruments (ELSS) is tomorrow i.e., the last date when the markets are open. The financial markets are closed on Friday on account of Good Friday.

—Name withheld on request The legal fees that you are required to pay to the law firm situated in Dubai would be taxable in India under the provisions of the Income Tax Act, 1961 since such fees would qualify as “fees for technical services". However, the India-UAE DTAA (double taxation avoidance agreement) may provide benefit in your case if the services have been provided by the law firm directly from Dubai.

As we noted last week, the signature move for traders in 2024 might not be to leave a bank for a hedge fund, but to go the other way. Ben Hutson did it at Barclays, and now maybe Bhavit Sawjani will be doing something similar at JPMorgan. 

Mint. The story begins in September 2023 when Aditya Halwasiya and Halwasiya group company Columbia Petro Chem acquired Cupid, buying a 42% promoter stake for ₹160 crore, and becoming its biggest shareholder. On 20 February, Aditya Halwasiya acquired 13.06% stake in Tourism Finance Corp. for ₹250 crore, becoming its single-largest shareholder.

MUMBAI : A duty differential in silver imported under an India-UAE treaty is being exploited by unscrupulous jewellers to short-change unsuspecting buyers, according to an official from nodal trade body India Bullion and Jewellers Association. The differential can also queer the pitch for silver exchange traded funds in India, he said.

Stocks that traded heavily or had substantial price changes on Wednesday: Chipotle, General Mills rise; Signet Jewelers, Nasdaq fall

Knight Frank's latest report, released on March 20. The Prime Global Cities Index, which tracks the movement of prime residential prices across 45 cities worldwide, saw Mumbai leapfrog five places from its 8th position in Q4 2022 to claim the third spot. This remarkable surge highlights the city's growing appeal among high-net-worth individuals and the resilience of its luxury housing segment.

Holi 2024: Holi, also known as the festival of colour, is the most vibrant and eagerly anticipated Hindu festival that is celebrated across India in the Phalguna month (February or March). This year, Holi falls on March 25, and Holika Dahan is celebrated a day ahead, i.e., March 24. In India, there are some spectacular destinations for Holi where the festival is celebrated in a deeply traditional manner.

Investing.com — Nasdaq fell in afterhours trading Tuesday after its second-largest shareholder Borse Dubai said it would sell about 27 million shares in the bourse operator to boost liquidity. 

With Bitcoin pushing through all-time highs, the demand for cryptocurrencies has steadily increased. However, most crypto projects historically have failed to reward their communities in the long run. That’s because they were either built on ponzinomics, lack of real value generation, or real-world rewards to incentivize their communities.

Australian regulator has sent legal letters to social media platforms from YouTube, X and Facebook to Telegram and Reddit, demanding they hand over information about their efforts to stamp out terrorism content. The e-Safety Commission said it was concerned the platforms were not doing enough to stop extremists from using live-streaming features, algorithms and recommendation systems to recruit users.

Prime Minister Narendra Modi on WhatsApp seeking support and suggestions for building a ‘Viksit Bharat’. Interestingly, several non-Indians from Pakistan, UAE, and even Britain also claimed to receive PM Modi's letter on WhatsApp. These individuals from varying nationalities were surprised to receive a message from ‘Viksit Bharat Sampark’ on their smartphones.

Board of Control for Cricket in India (BCCI) each year and the IPL 2024 is happening soon in India. But one can watch all the real-time action around this star-studded cricket league right from Syria. There will be 10 teams playing this year's IPL that include Punjab Kings, Sunrisers Hyderabad, Royal Challengers Bangalore, Lucknow Super Giants, Delhi Capitals, Mumbai Indians, Gujarat Titans, Kolkata Knight Riders, Rajasthan Royals, Chennai Super Kings. The teams have been named on the basis of popular cities in India. These teams will feature popular players like Virat Kohli, MS Dhoni, Pat Cummins, Daryl Mitchell, Harshal Patel and Rachin Ravindra.