City Dubai Financial News

PM Modi. He also noted that the strong ties between the two nations serve as a model for international cooperation. PM Modi is set to participate in the World Government Summit 2024 which will be held in Dubai as a Guest of Honour and deliver a special keynote address at the Summit.

NEW DELHI : India and the UAE concluded a bilateral investment agreement and also signed a framework agreement on the India-Middle East Economic Corridor (IMEC) during Prime Minister Narendra Modi’s two-day visit to the UAE. Modi met with his counterpart, UAE president Mohamed bin Zayed Al Nahyan, on Tuesday for both one-on-one and delegation-level talks. The bilateral investment agreement came after the two countries signed their Comprehensive Economic Partnership Agreement (CEPA) in 2022.

Spacenet Enterprises India Limited (NSE: SPCENET), a prominent global trading entity with substantial operations in Hong Kong and Dubai, has reported an exceptional 486% increase in its consolidated profit after tax (PAT) on an annual basis. This significant growth highlights Spacenet's focused strategy on diversifying its investment portfolio by incorporating stakes in pioneering, disruptive technology enterprises.

Assam government has announced that 'Kaji Nemu' (citrus lemon) has been recognized as the state fruit of Assam. Assam Chief Minister Himanta Biswa Sarma stated, «Our government has decided to declare Kaji Nemu (Citrus Limon) as the State Fruit of Assam. With its unique aroma and antioxidant properties, Assam lemon has enriched our local cuisines. With today’s announcement, it is set to shine on the global fruit map, boosting self-dependency and production.»

National Testing Agency (NTA) has announced that 23 candidates have achieved a perfect score of 100 in the JEE-Main engineering entrance exam. The majority of these high scorers hail from Telangana. A total of 11.70 lakh candidates appeared for this crucial exam. Out of the 100 NTA scorers, seven are from Telangana, two from Haryana, three each from Andhra Pradesh, Rajasthan, and Maharashtra, two from Delhi, and one each from Gujarat, Karnataka, and Tamil Nadu. The NTA officials clarified that the NTA score is not the same as the percentage of marks obtained but represents normalised scores. A senior official explained, «NTA scores are normalised scores across multi-session papers and are based on the relative performance of all those who appeared for the examination in one session. The marks obtained are converted into a scale ranging from 100 to 0 for each session of examinees.»

Stocks that traded heavily or had substantial price changes on Monday: Trimble, CymaBay Therapy rise; Big Lots, Monday

United Arab Emirates(UAE). Government employees in Dubai has been asked to work from home till 13 February, Tuesday. UAE's educational authority has also declared the continuation of distance learning in all government schools on February 13.

National Testing Agency (NTA) has released the final answer keys and announced the results of the Joint Entrance Examination (JEE) Mains 2024 session 1 exams on Monday. The Paper 1 exams were held on 27, 29, 30,31 January and 1 February, while the Paper 2 exam was held on 24 January. Among the candidates who scored 100 NTA scores, seven are from Telangana, two from Haryana, three each from Andhra Pradesh, Rajasthan and Maharashtra, two from Delhi and one each from Gujarat, Karnataka and Tamil Nadu.

The sentencing date for Binance founder and former CEO Changpeng “CZ” Zhao has been postponed from February 23rd to April 30th, according to a notice filed in a Seattle Federal Court, CNBC reported. Earlier, Zhao pleaded guilty to money laundering charges in November 2023.

(Updated — February 12, 2024 11:21 AM EST)

IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy. The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director Kristalina Georgieva.

By Rachna Uppal and Federico Maccioni

Ministry of External Affairs (MEA) confirmed. The eight former Indian Navy officials were condemned to death in October, had been accused of spying for Israel. Seven of the eight released former Indian Navy personnel returned to India on Monday.

Mint. This move is part of GMR Sports' broader strategy to maximize its potential in the competitive sports industry. Besides a 50% stake in the Delhi Capitals IPL franchise, GMR Sports owns UP Yoddhas in Pro Kabaddi and the Ultimate KhoKho franchise Telugu Yoddhas. “We were the original owners of the Delhi Daredevils, but in 2018, we divested a 50% stake in the team to the JSW Group.

Sam Lee, 35, an Australian citizen residing in Dubai was charged for allegedly co-founding 'too-good-to-be-true' online investment platform HyperFund. Rodney Burton, 54, of Miami, and Brenda Chunga, 43, of Maryland, were promotors of HyperFund.According to court documents, HyperFund’s promotional materials allegedly made various false claims, including that investors who purchased HyperFund “memberships” would receive between 0.5% to 1% daily in passive rewards until the company either doubled or tripled the investor’s initial investment. To convince investors that it could make such payments, HyperFund allegedly claimed that its payments would be disbursed in part from its revenues from large-scale crypto mining operations, when in truth, HyperFund did not have such operations.

Dubai COP28 last month, 'Whether you like it or not, fossil fuel phase-out is inevitable.' In this context, questions like whether high-end Indian consumers really care for environmental impact, whether they are willing to pay a premium for sustainable products, and whether companies focus on ESG just because it's a mandate from shareholders and board are gaining traction. The real motivation for both companies and consumers is to save our planet for our children, and ensure we hand over a cleaner and greener environment for them to grow in. Today's challenges related to climate change, resource depletion and carbon footprint are very real.

Housing rents have surged by a substantial 25–30 percent in top micro-markets within major cities since 2019. Meanwhile, the average monthly rents for residential properties have experienced a notable uptick of 15-20 percent across the top 8 cities compared to the pre-pandemic era of 2019, according to a report by Housing.com.

On April 15-16, Blockchain Life 2024 is going to prove its status as one of the main crypto events of the year bringing together over 8,000 crypto enthusiasts and thousands of international companies in the globally recognized crypto capital of Dubai.

HBR) piece deals with the rise of a new type of urban conglomeration, meta cities. It elaborates its features: Resurrected residentials During Covid, many predicted the death of global cities because many residents retreated to suburbs and small towns to work remotely.

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world

As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products.