City Dubai Financial News

18.07 / 18:03

Bombay HC to hear plea challenging Adani firm’s Dharavi win

The Bombay high court (HC) on Tuesday allowed a petition by Dubai-based Seclink Technologies Corp. challenging the Maharashtra government’s resolution to award the Dharavi redevelopment project to an Adani group firm, a lawyer familiar with the matter said. Adani Properties had placed a bid of Rs5,069 crore to redevelop Asia’s largest slum.

18.07 / 15:05

Man Kerala man loses ₹40,000 to AI-based deepfake scam

₹40,000 after cybercriminals used deep fake AI technology and posed as a former colleague in a WhatsApp video call and sought money for his sister's surgery. Radhakrishnan first received a call from an anonymous number, which he ignored. Later, he found several messages from the same number on his WhatsApp with the person identifying himself as his former colleague at Coal India Ltd.

18.07 / 09:29

UPS Citi MET Action Airlines Align The Best of Frenemies: Saudi Crown Prince Clashes With U.A.E. President

reliance on oil, he is pushing companies to move their regional headquarters to Riyadh, the Saudi capital, from U.A.E.’s Dubai, a more cosmopolitan city favored by Westerners. He’s also launching plans to set up tech centers, draw more tourists and develop logistical hubs that would rival the U.A.E.’s position as the Middle East’s center of commerce. In March, he announced a second national airline that would compete with Dubai’s highly ranked Emirates.

18.07 / 03:03

Time Lindsay Lohan becomes mom for first time, welcomes baby boy

Lindsay Lohan has given birth to her first child. The 'Parent Trap' star and her husband, financier Bader Shammas, are the parents of a «beautiful, healthy son» named Luai, her rep told The Associated Press in a statement Monday.

17.07 / 14:49

COST UPS Cooper Progressive Platform US working with India to make investment easier for energy transition: Yellen

After a bi-lateral meeting with India's finance minister Nirmala Sitharaman on the sidelines of a G20 meeting, Yellen said the two nations have been collaborating across a range of economic issues, including commercial and technological collaboration and strengthening supply chains. «In particular, we look forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed India's energy transition,» she said in a statement while attending the G20 in Gandhinagar, the capital of Gujarat, one of India's most industrialised states.

17.07 / 00:17

Provident Target Cooper Progressive Action Deal China-US climate progress could hinge on new methane deal

By Valerie Volcovici and David Stanway

16.07 / 16:05

UPS Man Citizens Mobile SPY Suspected ISI agent arrested in UP for supplying vital info about defence establishments

ISI agent was arrested here on Sunday for allegedly supplying vital information about Indian military establishments to his handlers in Pakistan, an official statement said. "Raees, a resident of Gonda, was arrested by the Uttar Pradesh Anti Terrorist Squad (ATS).

15.07 / 18:07

UPS Citi foreign Destinations Flight of family office: Why more and more affluent Indians are looking at foreign destinations like Dubai and Singapore to set up family offices

When the son of a consumer firm’s promoter recently decided to relocate from Mumbai to Dubai, he was not looking for new real estate pastures. He wanted, instead, to take care of his crossborder family office.

15.07 / 12:37

Citi MET Cooper Assurant COP28 Support PM Modi meets COP28 president-designate in UAE, assures India’s full support

New Delhi: Prime Minister Narendra Modi, who is on an official visit to the UAE, met president-designate of COP28, Sultan bin Ahmed Al Jaber, on Saturday, assuring India’s full support for the presidency to the Gulf nation, the prime minister’s office said. According to the PMO, Jaber briefed PM Modi on UAE’s approach to this important meeting.

14.07 / 13:49

Provident FIVE CEO Gap Strategy Ames StanChart to sell sub-Saharan Africa business to Access Bank

DUBAI (Reuters) — Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria's Access Bank, putting into motion a plan announced last year to divest those businesses.

14.07 / 02:11

MET BLOCK Progressive Action Gap Align COP28 With 1.5°C as North Star, UAE charts passage plan for COP28

United Arab Emirates, host of this year’s UN climate talks, unveiled on Thursday the much-awaited plans and priorities for COP28, to be held in November in Dubai. The plan could lead to a global agreement to double energy efficiency, triple renewable energy capacity to 11,000 GW, and double hydrogen production to 180 million tonnes a year by 2030. “This plan is guided by a single north star.

13.07 / 19:45

Provident Waves Extreme Action Gap Banner 7th edition of MoCA begins in the backdrop of record heat waves and extreme flooding across the world

government representatives from some 40-odd countries, representing major negotiating groups, are in Brussels for the Ministerial on Climate Action (MoCA), jointly chaired by the European Union, China and Canada. The two-day informal ministerial, which begins today, is the first meeting since the UN climate talks Bonn in mid-June that saw sharp exchanges over addressing the need to reduce emissions and the provision of support particularly to developing countries to undertake climate action.

13.07 / 13:27

Blockchain Citi CEO Platform Coindesk Indian Co-founder of Indian Crypto Unicorn 5ire to Depart Amid Internal Dispute – Here's the Latest

Blockchain layer 1 network 5ire, which secured series A funding last year valuing the company at $1.5 billion, is now bidding farewell to one of its co-founders.

13.07 / 12:21

UPS Target Citizens Action Strategy Climate talks chief, who also heads oil company, says world must 'attack all emissions, everywhere'

The head of this year’s United Nations’ climate talks has called for governments and businesses to tackle global warming by reducing greenhouse gas emissions in all regions and sectors if they want to stop the planet from passing a key temperature limi...

13.07 / 04:39

Provident Platform Airlines Indian International This Indian airport is among list of World's Best International Airports of 2023: Survey

Airport (CSMIA) in Mumbai has achieved the fourth position in a readers' survey conducted by a US-based travel magazine to determine the favourite international airports. CSMIA is the sole Indian airport to be featured in the list of 'Travel + Leisure Readers' 10 Favorite International Airports of 2023 survey'. CSMIA's inclusion in the top rankings reflects the positive feedback from readers, with a reader score of 86.47.

12.07 / 22:45

Telegram JPMorgan Chase JPM Singapore JPMorgan trader heads to hedge fund in London

Hedge funds are still relentlessly hiring top bank traders.

12.07 / 00:51

UPS Provident Digital Cooper Platform Software Indian regulatory Indian fintech regulatory companies make a mark on global stage

Companies like digital identity verification services provider IDfy, digital signature services company EMudhra and Signzy, which offers online identity verification, are looking for business opportunities in the Middle East, Southeast Asia and even the Americas. Besides these players who are commonly clubbed under regtech, or tech companies operating in the regulatory domain, other software-led fintechs are also looking outside India. Spocto, a debt-collections platform which is owned by fintech unicorn Yubi, has opened operations in Dubai.

11.07 / 09:11

Binance Progressive Platform Action BitOasis Virtual assets Dubai Virtual Assets Regulator Imposes Enforcement Action Against Crypto Exchange BitOasis

Dubai-based cryptocurrency exchange BitOasis, which received a minimum viable product (MVP) operational license from the UAE’s crypto regulator in April, is now facing enforcement actions from the authority.

11.07 / 02:13

regulation exchanges BitOasis Suspends Dubai crypto regulator suspends BitOasis crypto exchange license

Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority.

10.07 / 22:49

Legal Terra Luna Terra Terra Classic Terraform Labs Co-founder Faces Legal Proceedings: Trial Preparations Underway

Legal proceedings have been initiated against Shin Hyun-Seong, also known as Daniel Shin, concerning charges concerning alleged illicit profits from the sale of Terra (LUNA) tokens.

10.07 / 05:55

UPS Twitter Action Exciting preview of Shah Rukh Khan's new action-packed film 'Jawan' out now; here's what you need to know about the film

Jawan' finally treated fans with its thrilling preview today. Shah Rukh Khan showcased his fiercest avatar yet in the action-packed scenes from the Atlee directorial. The preview also offered glimpses of other prominent stars, including Nayanthara and Vijay Sethupathi, further heightening the excitement among movie enthusiasts.

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