City Dubai Financial News

The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub for virtual assets and related services.

By Hadeel Al Sayegh and Yousef Saba

Cutting ties with last year’s Melbourne Cup winner Gold Trip was agonising for jockey Mark Zahra.

meat and dairy producers increased further this year, highlighting the urgent need for the food industry to clean its practices and help prevent global warming. Disclosed emissions from the world’s 20 largest publicly-listed meat and dairy companies rose 3.3% from 2022 levels, according to a report by investor network FAIRR Initiative. Its analysis includes companies like Hormel Foods Corp. and China’s New Hope Liuhe Co., which supply household names like Walmart Inc.

DUBAI (Reuters) — Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a budget of 246.6 billion dirham ($67.14 billion) for the emirate's government in 2024-2026, the Dubai media office said on Monday.

Having achieved a valuation of over Rs 250 crore in about two years of its inception in 2021, Rise Infraventures, a Gurugram-based leading real estate consultancy firm with a strong presence in north and west India, expects to achieve Rs 3000-crore business in FY 2023-24 with 5 operational verticals, and aims to clock sales of Rs 6800 cr by 2025. The firm had achieved sales of Rs 1428 cr in FY 2021-22 as against the targeted Rs 1250 cr and sales of Rs 2182 cr as against the targeted Rs 2000 cr in FY 2022-23, with a growth 52.5%.

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.

Nadda on Monday accused the Congress of indulging in corruption, loot and dynastic politics. Addressing a rally in Pathalgaon constituency of Jashpur district in Chhattisgarh, he claimed the Bhupesh Baghel-led Congress government in the state was a guarantee for «loot» and «deception». Highlighting the achievements of the central government led by Prime Minister Narendra Modi, Nadda said the BJP means development and growth.

₹508 crore to Chhattisgarh Chief Minister Bhupesh Bhagel to set up his gambling business in Dubai. The video of Soni was released by the Bharatiya Janata Party ahead of the Chhattisgarh Assembly election. “Accused Shubham Soni sitting in Dubai has narrated the entire story of the Mahadev app in this video about who is connected to this betting app.

Saudi Aramco has kept its December official selling price for its Arab Light grade for Asian customers steady at $4 a barrel premium to the Oman/Dubai average from the previous month, two sources with knowledge of the matter said on Monday. The price change for the Saudi flagship grade is in line with market expectations.

By Simon Jessop

Moitra on Sunday alleged the BJP is planning «criminal cases» against her, days after she appeared before the Lok Sabha Ethics Committee in connection with the «cash for query» allegations against her. She also reiterated her charge that ethics committee chairperson Vinod Kumar Sonkar asked her «cheap» and «irrelevant» questions during the hearing on November 2. In a post on X, Moitra said, «Shaking in my skin to know BJP planning criminal cases against me.» «Welcome them — only know that CBI and ED need to file FIR against Adani for Rs.

Mahua Moitra hit out at the Bharatiya Janata Party (BJP), reminding the party: “…before you push out women MPs with fake narrative, remember, I have EXACT transcript of record in Ethics Committee verbatim." ALSO READ: From ‘personal life’ to ‘Dubai stay’: Mahua Moitra reveals 'filthy' questions that made her leave ethics panel probe She said the record mentions everything in "black and white" — from the chief's "irrelevant questions" to the Opposition’s protests. "Besharam & Behuda," she said in a tweet. Mahua Moitra also alleged that the BJP is planning criminal cases against her.

Narendra Modi visited Dongargarh, a popular pilgrimage spot in Chhattisgarh's Rajnandagon district on Sunday. The Prime Minister took to social media to share photos from his visit and said he "received the blessings of Acharya Shri 108 Vidhyasagar Ji Maharaj Ji at the Chandragiri Jain Mandir. "Feeling blessed to receive the blessings of Acharya Shri 108 Vidhyasagar Ji Maharaj at Chandragiri Jain Mandir in Dongargarh, Chhattisgarh," Modi said in a post on X.

World Bank would temporarily host the fund for the next four years. The United States and several developing countries expressed disappointment in the draft agreement, which will be sent for global leaders to sign at the COP28 climate conference, which begins in Dubai later this month. The US State Department, whose officials joined the negotiations in Abu Dhabi, said in a statement it was “pleased with an agreement being reached” but regretted that the consensus reached among negotiators about donations to the fund being voluntary is not reflected in the final agreement. The agreement lays out basic goals for the fund, including for its planned launch in 2024, and specifies how it will be administered and who will oversee it, including a requirement for developing countries to have a seat on the board, in addition to the World Bank's role. Avinash Persaud, a special envoy to Barbados Prime Minister Mia Mottley on climate finance, said the agreement was “a challenging but critical outcome. It was one of those things where success can be measured in the equality of discomfort.” Persaud negotiated on behalf of Latin America and the Caribbean in the meetings. He said that failure to reach an agreement would have “cast a long shadow over COP.” Mohamed Nasr, the lead negotiator from Egypt, last year’s climate conference host, said, “It falls short on some items, particularly the scale and the sources (of funding), and (an) acknowledgment of cost incurred by developing countries.” The demand for establishing a fund to help poor countries hit hard by climate change has been a focus of U.N.

DUBAI (Reuters) — Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels.

work-life balance in a post-pandemic world. Their preferred destinations: the UK, Dubai and Singapore. Improved airline connectivity and technology have made it convenient to travel and be in constant touch with colleagues and family in India, helping the transition. Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living. Having a professionally run business has helped promoters and their next generation focus on growing their operations and wealth, experts say.

By Gloria Dickie and Valerie Volcovici

Prime Minister Narendra Modi on Saturday attacked Chhattisgarh Chief Minister Bhupesh Baghel over the alleged ‘Mahadev’ betting app scam. Polling for the 90-member Chhattisgarh assembly will be held in two phases. The first phase elections will be on November 7 and other on November 17. The counting of votes will be on December 3.

Bhupesh Baghel today hit back at the BJP questioning why the Central government had not banned the Mahadev betting app till now. Baghel alleged that no crackdown on the betting app means Prime Minister Narendra Modi and the BJP have connections with the firm. The Chief Minister of the poll-bound state is facing heat from the BJP after the Enforcement Directorate claimed that he was allegedly paid Rs 508 crore by Mahadev app promoters.

Mizoram assembly polls, Congress media cell chairman Lalremruata Renthlei said on Friday. If the Congress voted to power in the next week’s election the “Young Mizo Entrepreneurs Programme (YmElevate)” would be launched to provide startup funds and jobs to the youth. “Under the YmElevate, incubation and startup funds would be provided and that would help in creating more than one lakh employment,” Renthlei told the media. The Congress has already announced to introduce 'Tang Puihna’, a monetary assistance scheme for farmers and entrepreneurs to develop sustainable economic and livelihood activities. He said, «The MNF government has provided 2218 jobs through direct recruitment in the last five years.