City Dubai Financial News
22.01 / 15:49
markets
UPS
IPO
Apple
wellness
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Weekly
Suits & Sayings: A weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours
Big fat weddings have been urged to go local. So it’s goodbye Dubai, London, Maldives or Lake Como, and back to the drawing board. We know of at least three top business families—in Ahmedabad, Mumbai and Kolkata—that have had to search for desi alternatives at the last minute. Some have found a way out by hosting all the pre-wedding festivities in the original exotic locations as planned, while the big day is held back home. Considering that some A-list invitees were also wary of attending such shaadis after the Wed in India mission statement, this was a happy nuptial workaround. Life Moves OnTh
22.01 / 10:13
markets
UPS
country
Schools
rights
Destinations
India is the ultimate tourist destination: Vallabh Bhanshali
Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView
22.01 / 02:07
COST
UPS
Aware
country
NOT
India’s basket of crude price not likely to decline in FY25
NEW DELHI : The price of the Indian basket of crude oil is unlikely to reflect cheap Russian oil prices in the next financial year despite making up a significant chunk of India’s oil imports. The Indian basket of crude oil represents a derived basket comprising of sour grade (Oman & Dubai average) and sweet grade (Brent dated) of crude oil processed in Indian refineries in a ratio of 75.62 : 24.38. Two people aware of the developments said that irrespective of the quantity of Russian oil imports the crude basket price may not include their price as there is no benchmark price of the Russian crude variants.
21.01 / 23:09
markets
Citi
FIVE
Airlines
Boeing
Traffic
International
Air India Express wants to double market share in five years
₹155.65 crore. The company currently has a fleet size of 64 aircraft, including 28 Airbus A320 and the rest are Boeing 737 family aircraft. It is set to increase substantially over this year as the airline is set to induct at least 40 out of the 190 Boeing 737 MAX aircraft that Air India has ordered.
21.01 / 15:45
Citi
Progressive
Fighting
War
country
International
U.S. Pushes Hostage-Release Plan Aimed at Ending Gaza War
DUBAI—The U.S., Egypt and Qatar are pushing Israel and Hamas to join a phased diplomatic process that would start with a release of hostages and, eventually, lead to a withdrawal of Israeli forces and an end to the war in Gaza, diplomats involved in mediating the talks said. Neither side in the conflict has agreed to the terms of the new proposal—which includes steps at odds with the stated positions of Israel and Hamas. Taher Al-Nono, a media adviser to Hamas, said there was no real progress, and Israeli officials didn’t respond to a request for comment.
20.01 / 07:33
Instagram
Actor
Photos
social
stars
Relationships
Shoaib Malik marries Sana Javed amid rumours of split with Sania Mirza
rumours surrounding the separation of Pakistani cricketer Shoaib Malik and Indian tennis star Sania Mirza swirled, Malik surprised everyone by sharing a photo on Instagram from his wedding with renowned Pakistani actor Sana Javed. Shoaib Malik and Sana Javed were previously rumoured to be romantically involved, with Malik adding fuel to the speculations when he wished Javed on her birthday last year. The sudden revelation of their marriage has raised questions about the state of Malik's relationship with Sania Mirza. Sania Mirza, known for her achievements in tennis, posted a cryptic message on social media earlier, sparking rumours of marital discord.
19.01 / 17:59
Citi
pandemic
Universities
information
2020
Schools
Destinations
Brookfield weighs investment in Dubai’s GEMS Education
Brookfield Asset Management Ltd. is in talks to invest in Dubai-based GEMS Education, one of the world’s largest private school operators, people familiar with the matter said.
19.01 / 09:11
markets
COST
Provident
Manufacturing
Trade
country
recommendations
Budget 2024 expectations: GJEPC advocates import duty cuts, licensing reforms for gems & jewellery sector
Also Read: Budget 2024 brew: Alcobev players pitch for uniform tax, excise duty cuts; ENA price relief, input tax credit hold key The Gem & Jewellery Export Promotion Council (GJEPC), representing India’s global gem & jewellery trade, has proposed several recommendations to the government ahead of the upcoming budget. “Gem and Jewellery exports have been facing a challenging time on account of the economic downturn in key export markets, geo-political concerns, supply and demand side constraints in the global diamond industry, and unavailability of precious metal in the country among others.
19.01 / 07:57
Citi
Remark
Boeing
Diversity
beautiful
travelers
This 56-member family lives in Rs 4000 crore palace, owns 700 cars; All you should know about world's wealthiest family
Al Nahyan royal family of Dubai has emerged as the wealthiest dynasty globally. Boasting a monumental ₹4,078 crore presidential palace, a fleet of private jets, and ownership of the famed Manchester City football club, this family epitomizes unparalleled affluence on the world stage. At the helm is UAE President Sheikh Mohamed bin Zayed Al Nahyan, or MBZ, overseeing a vast family network comprising 18 brothers, 11 sisters, nine children, and 18 grandchildren.
17.01 / 05:44
OKX
Crypto Exchange
retail clients
licence
Crypto exchange OKX secures Dubai licence to target retail clients
OKX, one of the world's largest cryptocurrency exchanges, has been granted a regulatory licence in Dubai that will allow it to offer crypto services to retail clients, the company said on Tuesday. Dubai's Virtual Assets Regulatory Authority (VARA) has awarded OKX Middle East a Virtual Asset Service Provider (VASP) licence for exchange services. When operational, it will enable OKX to provide spot services and spot-pairs services to qualified retail clients, as well as institutional customers. The United Arab Emirates is pushing to become a global hub for the crypto industry. VARA was formed in March 2022 to regulate the emerging virtual asset sector in Dubai. «We are looking at this as a game changer because we are able now to target both retail and institutional clients in the UAE and allow them to deposit and withdraw in their local currency,» Rifad Mahasneh, OKX General Manager for the MENA region, told Reuters.
16.01 / 04:09
UPS
country
information
reports
Courts
Investigations
CBI-ED-NIA team to make a UK trip in bid to expedite Vijay Mallya, Nirav Modi's extradition
CBI), the Enforcement Directorate (ED), and the National Investigation Agency (NIA) to the United Kingdom, in a bid to speed up the extradition of Indian fugitives, including the likes of diamond trader Nirav Modi and Kingfisher's Vijay Mallya. According to a Times of India report, sources told the publication that a senior officer from the foreign ministry is heading the team, which is set to meet with UK authorities via the Indian High Commission in London.
14.01 / 12:05
UPS
Align
President
country
social
India-Maldives row: High-level talk begins amid Muizzu asking India to withdraw troops by March 15
SunOnline newspaper. Ibrahim Khaleel, the Minister at the President's Office for Strategic Communications, told SunOnline newspaper that both the countries had agreed to set up a high-level core group during the meeting between President Muizzu and Prime Minister Narendra Modi on the sidelines of the COP28 in Dubai in December. Khaleel said besides the withdrawal of Indian military personnel, the group also discussed expediting India-backed development projects in the island nation.
13.01 / 13:45
wellness
War
performer
rights
2024
“A lot of pressure” Chris Morris for Starc and Cummins after the 2024 IPL bidding
Chris Morris, a former all-rounder from South Africa, was once the most expensive player in Indian Premier League (IPL) history. In the 2021 auction, the Rajasthan Royals won the bidding war over the Punjab Kings by selecting him with an incredible INR 16.25 crore bid. Then in 2023 after two years his record was beaten by Sam Curran who was taken in by the Punjab Kings with INR 18.50 cr Morris said that although it will put pressure on Starc, the pacer will be able to justify it with his experience and performances. Just hours after his captain, Pat Cummins, broke the Rs 20 crore barrier when acquired by Sunrisers Hyderabad (SRH), Starc made history by being the most expensive player in IPL history when he was purchased by KKR for an incredible Rs 24.75 crore at the Dubai auction in December of last year. It's really good.
13.01 / 09:15
Platform
Actor
Celebrity
reports
prevention
Courts
politician
Mahadev Betting App Money Laundering Case: Enforcement Directorate arrests 2 under PMLA
Prevention of Money Laundering Act (PMLA), PTI reported. They were presented before a special court in Raipur on January 12, and the ED lawyer, Saurabh Pandey said the court has remanded them to ED custody until January 17. Tibrewal, described as a "close associate" of accused Vikash Chapparia, is alleged to have acquired undisclosed properties in Dubai and holds a significant stake in a foreign portfolio investment (FPI) company, where Chapparia is also a shareholder, as per the report.
12.01 / 10:19
Binance
CEO
country
information
reports
travelers
Courts
U.S. Judge Denies Changpeng Zhao's Second Attempt to Travel Abroad
During the course of his protracted legal struggle in the United States, Changpeng "CZ" Zhao, who formerly served as the CEO of Binance, has encountered a serious setback. In response to Zhao's second request to fly outside of the country, a federal judge named Richard Jones of the United States District Court for the Western District of Washington in Seattle declined to grant his request. This determination was made as a part of the processes that took place prior to the sentence hearing for Zhao.
12.01 / 10:19
Digital
Progressive
Tether
Action
Trade
Investigations
Zhao Dong's Conviction Highlights China's Stance on Cryptocurrency and Foreign Exchange Regulation
The over-the-counter (OTC) cryptocurrency trading desk RenrenBit was founded by Zhao Dong, who is notoriously known as the «OTC King.» Zhao Dong was found guilty in China of the charges against him. In the context of China's increasing crackdown on criminal operations using cryptocurrencies, this conviction is a major event that has taken place. In the course of his actions, Zhao was involved in the facilitation of cryptocurrency and local currency trading, which is considered to be unlawful in the nation.
11.01 / 20:51
COST
Target
country
consequences
reports
International
Renewables grew rapidly in 2023, but must grow faster to meet climate change goals
The amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years
11.01 / 20:05
markets
Waves
FIVE
security
Sustainability
Bill
International
Natural Gas's Future Secured with $290 Billion in LNG Projects
Quiver Quantitative — The liquefied natural gas (LNG) industry is witnessing its largest-ever wave of megaprojects, signaling a robust future for natural gas in the global energy mix. Despite international efforts to move away from fossil fuels, exemplified by the recent UN climate talks in Dubai, the energy sector is betting heavily on natural gas. This commitment is evident in the expansion of the world’s largest natural-gas export facility in Qatar and the initiation of massive LNG projects in the United States. These developments are underpinned by the belief that natural gas, as the third leading fossil fuel, will remain a significant part of the world’s energy portfolio through at least 2050.
11.01 / 14:05
markets
CEO
Entertainment
community
President
audience
innovations
Mumbai
INVNT GROUP™ the Global Brand Storytelling Agency Portfolio, Expands to South Asia Opening Tenth Office in Mumbai, India
With a significant presence already established in key locations such as New York, London, Sydney, Singapore, Dubai, San Francisco, Detroit, Washington D.C, and Stockholm, the addition of Mumbai to [INVNT GROUP]'s global footprint marks another step in bolstering its services to both local and multinational clients. "We are excited to extend our reach and expertise to South Asia, a region that is rapidly emerging as a hub for technological and marketing communications innovation. Establishing a base in Mumbai is not solely a strategic decision but also a response to our client's growing needs to engage and build wider and deeper communities. It reinforces our commitment to delivering impactful brand stories globally and locally, catering to the unique challenges and opportunities in the region. Our goal is to create unparalleled brand experiences that resonate deeply with local audiences and set new standards in creativity and strategic execution on the global stage.
11.01 / 10:53
security
Trade
Justice
show
Department
Oil tanker in Gulf of Oman boarded by ‘unauthorized’ men in military uniforms in apparent seizure
Dubai: An oil tanker once at the center of a crisis between Iran and the United States was boarded in the Gulf of Oman by “unauthorized" men in military uniforms early on Thursday morning, an advisory group run by the British military and a private security firm warned. Details remained unclear in what was apparently the latest seizure of a vessel in the tense Middle East waterways.
11.01 / 07:34
Provident
Man
Airlines
Sustainability
Boeing
travelers
Investigations
Man jumps out of Air Canada flight at Toronto airport. This happens next
The New York Post. Before the flight took off for Dubai, the passenger “boarded the Boeing 747 normally" but he did not take his seat. He jumped off and fell 20 feet to the tarmac.
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