City Dubai Financial News

28.11 / 02:41
Target Progressive economy Nov President track country What's the plan for this year's COP28 climate summit?
Here are the key issues in the two-week COP28 negotiations starting Nov. 30 in Dubai. TAKING STOCK OF CLIMATE PROGRESS The main task at COP28 is a first-time assessment of countries' progress towards meeting the 2015 Paris Agreement's goal of limiting the global temperature rise to «well below» 2 degrees Celsius, while aiming for 1.5C. With global efforts lagging, countries will try during this «global stocktake» to agree on a plan to get the world on track to meet climate goals, which could include urgent steps towards cutting CO2 emissions or boosting green technology investments. As the COP28 talks begin, countries are at odds over whether this exercise should put the onus on all countries or just the world's wealthiest countries to do more because they released the most planet-warming emissions historically. Countries are expected to update their national emissions-cutting targets and plans by 2025. FUTURE OF FOSSIL FUELS The toughest talks at COP28 may focus on the future role of fossil fuels, and whether countries should commit to start phasing out the use of CO2-emitting coal, oil and gas. Countries agreed at COP26 to phase down the use of coal, but they have never agreed to quit all fossil fuels — the main source of planet-warming emissions. The United States, European Union and many climate-vulnerable countries are insisting on a final COP28 deal that commits countries to phase out fossil fuels.
27.11 / 21:35
Citi BLOCK Binance Digital CEO track innovations Nine Blocks Relocates HQ to Dubai, First Crypto Hedge Fund to Obtain VASP License from VARA
Nine Blocks Capital Management has become the first crypto hedge fund to obtain a Virtual Asset Management and Investment Services license from Dubai’s Virtual Assets Regulatory Authority (VARA), the company announced in a press release Monday.
27.11 / 20:43
Binance CEO country consequences Department guidelines U.S. Judge: Binance Founder Changpeng “CZ” Zhao Cannot Leave the U.S. For the Time Being – What’s Going On?
Binance founder and former CEO, Changpeng Zhao, must stay in the U.S. for the time being until his sentencing in February of next year, a federal judge has ruled.
27.11 / 17:47
Provident Aviat Airlines information reports prevention GPS spoofing: how flights are being led astray
A Dubai-bound business jet from Europe flew into Iranian airspace with no clearance in September—due to a false signal on the aircraft navigation system. After about 20 planes faced similar issues, the Indian aviation regulator issued an advisory last week. Mint explains: It has to do with interference with the Global Navigation Satellite System (GNSS), a key technology used for navigation and communication.
27.11 / 16:53
Waters Extreme track country Extreme rainfall increases exponentially with global warming: Study
rainfall increases under global warming, according to a study published Monday that signals a future of more frequent catastrophic floods unless humanity curbs greenhouse emissions. It comes as countries prepare to meet at the COP28 summit in Dubai beginning later this week, amid fears it could soon be impossible to limit long-term warming to the 1.5 degrees Celsius scientists say is necessary to curb the worst effects of human-caused climate change. Researchers from the Potsdam Institute of Climate Impact Research (PIK) looked at the intensity and frequency of daily precipitation extremes over land in 21 «next generation» climate models used by a UN body in its global assessments. They then compared the changes projected by the models with those observed historically, finding that nearly all climate models significantly underestimated the rates at which increases in precipitation extremes scaled with global temperature rise. «Our study confirms that the intensity and frequency of heavy rainfall extremes are increasing exponentially with every increment of global warming,» said Max Kotz, lead author of the paper published in the Journal of Climate. The changes track with the Clausius-Clapeyron relation in physics, which established that warmer air holds more water vapor.
27.11 / 09:42
2024 Australian IPL 2024: This is why Australian player Josh Hazlewood was released by RCB
retention announcements by 10 teams of Indian Premier League (IPL) ahead of the auction in Dubai, many were unhappy with the news of Australian player Josh Hazlewood being released by Royal Challengers Bangalore. RCB which has one of the most heartbreaking campaigns in IPL history during the retention event announced that it has released 11 players to expand their purse for auction. On Hazlewood's release, RCB's newly-appointed head coach Andy Flower in a video released by the team revealed the reason they have decided to let go of the Australian player.
27.11 / 05:19
Reuters President show country reports gatherings Biden to skip COP climate meeting in Dubai
Joe Biden will not attend a gathering of world leaders focused on climate change in Dubai this week, a U.S. official said on Sunday.
26.11 / 17:57
love country social PM Modi lauds American entrepreneur Balaji Srinivasan's post about investing in India, says ‘I love your optimism and..’
ALSO READ: PM Modi to attend UN climate talks in Dubai on December 1 "If you see a startup growing, does that mean it doesn't have any flaws? That it's the best in the world? That you're going to use it for everything right away? No, of course not. But you might start using it, and putting money into it, and talking about it to your friends.
26.11 / 17:15
Provident Target Action Gap President stage Modi to visit UAE for climate change meet
Narendra Modi will visit Dubai from 30 November to 1 December for the 28th Conference of the Parties (COP28) at the UN Climate Change Conference (UNCCC), held under the United Nations Framework Convention on Climate Change (UNFCCC). He will deliver a national statement highlighting India’s climate action.
26.11 / 11:48
Coca-Cola stage IPL Retention Day: Check the full list of players released and retained by Delhi Capitals
Premier League trading for the 2024 season is happening. All of the participating teams experienced some roster shuffles in the lead-up to the auction, as was to be expected. The fans were taken aback by several names, including as Shardul Thakur and Hardik Pandya. The squads did, however, see some intriguing additions and adjustments, particularly from Delhi Capitals. On December 19, the auction is set to happen at the Coca-Cola Arena in Dubai. The budget for each team would be Rs 100 crore, up from Rs 95 crore the year before. The auction will be placed outside of India for the first time this time. The auction was ultimately conducted in Kochi last year, although the BCCI had originally intended for it to take place in Istanbul. The Delhi-based team experienced frequent league stage failure in 2023, placing them ninth in the points rankings. List of players dropped:
26.11 / 11:19
Chennai Super Kings: Dhoni retained; team drops eight players. Check full list here
IPL are announcing the players they will be retaining, trading or releasing. The deadline for trading is November 29 and the auction will be conducted on December 19 in Dubai. This is the first time that the auction will be conducted abroad. Chennai Super Kings, one of the most successful teams of IPL has announced the list of players they are dropping to expand their reserve ahead of auction. CSK had lifted the cup of last year's tournament. List of players dropped:
26.11 / 09:57
show stars reports 2024 IPL Retention Event 2024: Where to watch it online, TV and other key details here
Premier League (IPL) has begun as the 10 teams of the tournament will announce their final decisions of players they will be retaining, trading or releasing before the auction in December. The last date to swap or to release players is November 26. The announcements will be made in the 'IPL Retention Show' that will be broadcasted and streamed online for the fans.
26.11 / 09:09
Ball Career stars 2024 Mumbai IPL 2024: Three possible new captains for Gujarat Titans if Hardik Pandya returns to Mumbai Indians
Mumbai Indians are able to bring back Hardik Pandya from Gujarat Titans, it will be considered the biggest trade in IPL history. The deadline for retention and trading players by the teams is November 26, 2023. The auction of the tournament that will be played next year is on December 19 in Dubai.
26.11 / 07:31
Extreme Death Virus reports prevention guidelines UN Climate talks embrace first-ever 'Health Day' amidst urgent calls to tackle global warming's health impact
UN climate talks, there have been mounting concerns regarding the implications that global warming is having on people's health. The World Health Organization (WHO) underscores the urgency, citing extreme heat, air pollution, and the surge in deadly infectious diseases as critical threats to human well-being. Central to the WHO's assertion is the necessity to cap global warming within the confines of the Paris Agreement, limiting the rise to 1.5 degrees Celsius.
25.11 / 09:23
Target Waters Fighting reports travelers prevention US official tells AP an Israeli-owned ship was targeted in suspected Iranian attack in Indian Ocean
A container ship owned by an Israeli billionaire came under attack by a suspected Iranian drone in the Indian Ocean as Israel wages war on Hamas in the Gaza Strip, an American defense official said Saturday.The attack Friday on the CMA CGM Symi comes as global shipping increasingly finds itself targeted in the weekslong war that threatens to become a wider regional conflict — even as a truce has halted fighting and Hamas exchanges hostages for Palestinian prisoners held by Israel.The defense official, who spoke to The Associated Press on condition of anonymity to discuss intelligence matters, said the Malta-flagged vessel was suspected to have been targeted by a triangle-shaped, bomb-carrying Shahed-136 drone while in international waters. The drone exploded, causing damage to the ship but not injuring any of its crew.“We continue to monitor the situation closely,” the official said.
25.11 / 05:35
Parke Sony prevention Mahadev app case: 'Never delivered cash to politicians,' courier retracts statement against CM Bhupesh Baghel
Mahadev betting app case: FIR transferred to Mumbai crime branch "Das had written a letter from the jail to the Director of the ED and also sent copies to higher authorities including the Prime Minister's Office on November 17 stating that he was being implicated in the case and the central investigating agency forced him to sign a statement in English, a language he does not understand," lawyer Shoaib Alvi said. Das and constable Bhim Singh Yadav were arrested by the ED on November 3. Mint Explainer: Mahadev app and the alleged money laundering scandal The duo were on Friday produced before Ajay Singh Rajput, a special judge for Prevention of Money Laundering Act cases.
25.11 / 00:58
Binance CEO country consequences travelers guidelines CZ’s Lawyers Push Back Against Flight Risk Claims, File Opposing Motion
Defense attorneys for former Binance CEO, Changpeng Zhao, have legally pushed back against claims made by the government that he is a “flight risk” who should not be allowed to leave the country. 
24.11 / 20:14
Provident Department Vietnam's plan for spending $15.5 billion for its clean energy transition to be announced at COP28
A plan for how Vietnam will spend $15.5 billion to transition to cleaner energy has been finalized and will be announced formally at the COP28 climate conference, which begins in Dubai next week
24.11 / 17:38
Target Progressive Action pandemic Experts country recommendations Climate action: The Dubai conference will be taking the same, inadequate baby steps that previous editions have
COP21, the UN Climate Change Conference, led to a new international climate agreement, applicable to all countries, aiming to keep global warming at 1.5-2° C, in accordance with the recommendations of the Intergovernmental Panel on Climate Change (IPCC). Since then, progress on reducing CO2 emissions has been glacial. The Covid pandemic shifted attention away from climate change for a while. But global economic slowdown also led to a slowdown in global emissions increases.
24.11 / 16:33
Provident Binance CEO Coindesk country Do Kwan to be extradited from Montenegro
Kwan was arrested in the country in March after providing falsified documents from Costa Rica while attempting to board a flight to Dubai.
24.11 / 16:22
Ethereum Digital Strategy economy Bitcoin 2020 Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors
Laser Digital, a subsidiary of financial services giant Nomura, has launched an Ethereum Adoption Fund aimed at institutional investors, as announced on 9th November 2023. This fund, centered in London and Dubai, is a strategic move to bolster the presence of Ethereum in the investment portfolios of institutions, enhancing the digital asset's footprint in the global financial market.

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