City Dubai Financial News

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Indian Premiere League (IPL) Auction will be held outside India for the first time in Dubai on Tuesday, 19 December. However, that is not the only first for the IPL 2024. For the first time in IPL's 16 year history, a female auctioneer has been handling the gavel- Mallika Sagar.

UN Climate Conference in Dubai, COP28, Northvolt CEO and Co-Founder Peter Carlsson shared his outlook on sodium-ion in a conversation with Anna Liberg, Global Head of Energy at Business Sweden. Carlsson said, “The world has put high hopes on sodium-ion, and I’m very pleased to say that we’ve developed a technology that will enable its widespread deployment to accelerate the energy transition.

Mumbai Indians replaced Rohit Sharma as the captain and named Hardik Pandya as the new captain. Coming back to the IPL 2024 auction, as per statement issued by the IPL, “Out of 333 players, 214 are Indians and 119 are overseas players of which 2 players are from associate nations.

bits and bobs but, overall, nobody has actually gained. The United Nations began the annual climate change conference almost three decades ago to limit greenhouse gas emissions and decelerate global warming. It did not take long for global politics to hijack the entire process, and to suborn the multilateral process with a predominantly Western development model.

What is the structure and scope of the new L&D Fund? An exclusive L&D Fund was formed in the dying hours at COP27 in Sharm el-Sheikh as SIDS, Africa and other developing countries insisted upon a dedicated corpus to aid developing countries reeling under climate change-induced extreme weather and slow onset events. Though the fund was formed, decisions on its structure, scope and character were left for Dubai. A transitional committee constituted to shape the fund made recommendations after multiple meetings over the past year.

Sajjan Jindal on Sunday issued a statement responding to the Mumbai police FIR in alleged rape case, reported ET NOW. He has called the allegations “false and baseless” adding that he is committed to providing full cooperation throughout the investigation.

For almost a decade, Tony Sanchez III was the epitome of a shale-boom CEO—furiously drilling oil wells, piling on debt and hunting quail and nilgai with fellow executives near his family’s ranch in South Texas. Then tumbling oil prices and heavy debt helped send his company, Sanchez Energy, into bankruptcy in 2019.

Kerala, the Central government has approved the Beypore-Kochi-Dubai cruise service, signaling a new era for Malayalis venturing into the world of luxury sea travel, according to a report by Manorama, on December 15, 2023. The Union Shipping Minister, Sarbananda Sonowal, revealed that the initial steps to launch the cruise ship service are underway, following consistent demands from non-resident Indian passengers.

IPL auction 2024: Gujarat Titans made their stunning debut in the 2022 season of the Indian Premier League as the team lifted the trophy during their inaugural stint at the world's richest cricket tournament. While the team had some wonderful combinations in hand which proved to be lethal, the leadership of Hardik Pandya was touted as the X factor with the team.

A judge in Ontario, Canada has issued a warrant for the arrest of Ryan Rumble, an accomplice of Canada’s self-proclaimed “crypto-king” Aiden Pleterski, for aiding the con artist in his years-long eight-figure crypto investment scam.

World Radiocommunication Conference (WRC) will allow the mobile sector to plan the next wave of communications development through 5G-advanced and beyond, global telecom industry body GSMA said today. Terming the decision of WRC identifying the upper 6 GHz band for IMT or mobile use as “groundbreaking”, GSMA said it would serve as a critical developmental trigger for manufacturers of the 6 GHz equipment ecosystem. “WRC-23 took strong action to meet mobile data growth by identifying additional mid-band spectrum for mobile,” GSMA said in a statement. As per decisions taken during the WRC-23, which concluded Friday in Dubai, final harmonisation of the 3.5 GHz band (3.3-3.8 GHz) – the pioneer 5G band – was achieved across Europe, the Middle East and Africa (EMEA) as well as throughout the Americas. “Notably, a new band – the 6 GHz band (6.425-7.125 GHz) – was identified for mobile in every ITU Region – EMEA, the Americas and the Asia Pacific.

BERLIN—Soon after payment-processing giant Wirecard reported in June 2020 that nearly $2 billion had gone missing from its balance sheet, its chief operating officer Jan Marsalek boarded a private jet out of Austria. After a landing in Belarus, he was whisked by car to Moscow, where he got a Russian passport under an assumed name. Western intelligence and security officials now say they have reached the unsettling conclusion that Marsalek had likely been a Russian agent for nearly a decade.

Let him cast the first stone, he who has not sinned, said Jesus Christ. He was admonishing a crowd gathered to stone a woman of sin, one Mary Magdalene. He might have said the same thing at the Dubai climate summit, addressing the delegates from the rich world hollering for an early elimination of fossil fuels.

Sahil Khan and three others. They have been instructed to appear before the SIT on Friday for questioning. Earlier, Dubai Police on Tuesday arrested Ravi Uppal, one of the two prime accused in the Mahadev Book online betting syndicate.

By Maha El Dahan, David Stanway and Valerie Volcovici

The Digital Asset Lab was announced in May 2023 at the Dubai FinTech Summit, with the goal of enabling and accelerating digital asset and financial services innovation in the UAE. Within the Lab, Emirates NBD aims to collaborate with industry experts to understand how digital assets and their underlying technologies can be utilised within traditional financial services.

The 28th Conference of Parties concluded Wednesday with a historic agreement to move away from fossil fuels – but what that means for sustainable investing is unclear at best.

By Nadine Awadalla and Terje Solsvik

Established in 2020,  Coinstore, the world’s leading cryptocurrency exchange, is celebrating its 3rd anniversary by launching a series trading competitions with over 30k USDT prize pool and a series community airdrops, listing carnival and CS Lives. Many enthusiasts are joining in to mark the day.

There’s a common lament across the halls of Expo City Dubai, the 1,000-acre venue of CoP-28, the climate huddle: This event feels more like a slick trade show than an environmental summit. About 100,000 attendees—nearly three times the number who attended CoP-26 in Glasgow—are milling through the venue. Fossil fuel companies have more than 2,000 representatives in attendance, including Sultan Al Jaber, president of the conference and the chief executive officer of the Abu Dhabi National Oil Company, the UAE’s state-owned petroleum business.