City Dubai Financial News

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. 

Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment. 

New Delhi: The government has increased the price of natural gas to $8.60 per metric million British thermal unit (mmBtu) for September, from $7.85 in August. However, the price of the gas from the nominated gas fields of ONGC and Oil India has been kept unchanged at the price cap of $6.5 per mmBtu. "The price of domestic natural gas for the 1st September 2023 to 30th September 2023 is notified as $8.60/MMBTU on gross calorific value (GCV) basis," said the notification dated 31 August.

By Krishn Kaushik, Aditya Kalra and Scott Murdoch

We Founder Circle, a platform for angel investors, is wooing high networth individuals (HNIs) from the smaller towns of India into its fold. The community, with 6500 investors last year, has grown to 10,000-plus investors in 2023 indicating that startups continue to be a viable asset class despite the prolonged funding winter worldwide.

₹100 crore for the Miss World event scheduled to be held in India in November. The Dubai-headquartered company’s chairperson Jamil Saidi said it is in the process of creating a separate entity for backing the beauty pageant competition in India. PME approached the Miss World Organization, which holds the global rights to the competition, to secure a long-term contract for hosting the event.

Shah Rukh Khan's upcoming movie Jawan is yet to release its trailer. As throes of fans await patiently, videos emerged on social media on Wednesday showing the 58- year-old actor arrive at Vaishno Devi. According to news agencies, Shah Rukh Khan arrived at Vaishno Devi temple Trikuta hills in Reasi district of Jammu and Kashmir, ahead of the release of his much-anticipated film 'Jawan'.

fuel price shock of 2022 could have been far more severe, potentially overwhelming the ability of many governments to mitigate it with public funds. IRENA’s new report confirms the critical role that cost-competitive renewables play in addressing today’s energy and climate crises by accelerating the transition in line with the 1.5°C warming limit.

Congress took a swipe at the Maharashtra government on Wednesday over the Dharavi slum redevelopment project, alleging that it was left with no choice but to defend its «brazenly questionable decision-making» to help the Adani Group take control of a prize real estate asset in Mumbai.

Seychelles made an emergency landing in Saudi Arabia before flying back to Tel Aviv on Tuesday, in what Israel praised as a sign of goodwill as Washington works to establish formal relations between the two countries. The Air Seychelles flight carrying 128 passengers was forced to land Monday because of an electrical malfunction. Israel's Foreign Ministry said the passengers spent the night at an airport hotel in Jeddah and were flown back by the airline on an alternate plane. Passengers described a frightening stretch of time as an acrid burnt smell filled the cabin and the pilot came over the intercom to say the plane would be forced to make an emergency stop in Saudi Arabia, a kingdom with which Israel has no air links or diplomatic ties. With dozens trapped on board and the plane idling on the tarmac, tension grew, passengers said, while Israeli officials scrambled to figure out what to do.

Gokaldas Exports Ltd (GEL) on Tuesday jumped 20 per cent after the company said it has entered into an agreement through its wholly-owned subsidiaries to acquire Atraco Group for USD 55 million. The stock rallied 20 per cent to settle at Rs 736.30 — its 52-week high — on the BSE. On the NSE, it zoomed 20 per cent to end at its 52-week high of Rs 735.35 apiece. Headquartered in Dubai, apparel manufacturer Atraco operates with a network of four manufacturing units in Kenya and one in Ethiopia, GEL said in a statement. The equity value of the transaction is USD 55 million (around Rs 455 crore) and the same will be funded by a mix of debt and internal accruals, it said. The transaction will consist of the acquisition of shares and assets and will be subject to customary regulatory approvals.

Jawan trailer: Superstar Shah Rukh Khan will be launching the trailer of his much-anticipated film "Jawan" on 31 August and meet his fans at Dubai's Burj Khalifa. According to the makers, ‘Jawan’ is a high-octane action thriller that “outlines the emotional journey of a man who is set to rectify the wrongs in the society". According to the makers, “Jawan" is a high-octane action thriller that “outlines the emotional journey of a man who is set to rectify the wrongs in the society".

Stock market today: Gensol Engineering shares have been in uptrend since early morning deals. The small-cap stock with a market cap of over ₹2,150 crore today opened upside and went on to hit intraday high of ₹1,747 on BSE and hit 5 per cent upper circuit within an hour of opening bell today.

Gokaldas Exports share price were locked at 20% upper circuit at a 52-week high on Tuesday after the company announced the acquisition of Dubai-headquartered Atraco Group (Atraco). Gokaldas Exports shares jumped as much as 20.00% to a 52-week high of ₹736.30 per share on the BSE. Gokaldas Exports through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position across US and Europe.

Reuters, certain inhabitants of Dharavi mentioned that the billionaire's financial difficulties have added to their apprehensions. Adani's redevelopment plans face a new challenge in the form of a legal dispute presented by competitor SecLink Technologies Corporation.

Being one flight away from both Dubai and London, Istanbul is the “financial capital” of Turkey and a popular destination for events and organizations. Its convenient location also helps organizers customize their events to align with the specific needs of Eastern or Western cultures — which felt like the case at Istanbul Blockchain Week 2023.

The financial capital of India has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. In the second quarter of 2023, the prices of prime residential properties rose by 5.2 per cent year-on-year in Mumbai.

New Delhi: Consumer goods company Procter & Gamble India, maker of brands like Ariel, Whisper, and Gillette, on Monday announced the appointment of Mukta Maheshwari as the company’s chief marketing officer (CMO), effective 1 September. Along with leading the marketing function at the company, Maheshwari will also head the fabric care category for P&G India.

Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.

Air India Express issued an apology via a statement for the significant delay of nearly 12 hours and the resulting inconveniences experienced by the passengers. "Our flight from Kozhikode to Dubai was held for a few hours today while we tried to resolve a technical issue.

Air India Express flight to Dubai from Karipur International airport here was delayed by over five hours on Sunday due to a technical snag, an airline source said.