Uae Financial News

health insurance products, driven by increased financial awareness, the impact of the COVID-19 pandemic, and competitive premiums in India. With a growing customer base in regions like the UAE, US, and Saudi Arabia, NRIs are increasingly turning to these insurance options to protect their families and secure healthcare benefits back home. Rising Demand for NRI Term Insurance NRIs now make up 12% of India’s total term insurance customers, with a compound annual growth rate (CAGR) exceeding 50% over the past two financial years, according to new data released by Policybazaar. The pandemic has acted as a wake-up call for many NRIs, underscoring the importance of life insurance as a financial safety net. Competitive premiums in India, coupled with the convenience of purchasing policies online, have made term insurance an attractive option.

The world’s second Sphere will be built in the capital of the United Arab Emirates after the opening of the first in Las Vegas

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The effective import duty on fresh, soft and hard dates is between 20-30% but under the CEPA, their imports are duty-free. New Delhi imposes 200% duty on direct imports of all products from Pakistan since 2019. “Industry has flagged concerns that dates are coming from Pakistan via the UAE and undue benefiting from our trade pact,” said an official, adding that the ministries of commerce and industry, and finance are examining the issue.

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Orexbot, developed by Dubai-based fintech firm Avenix Fzco, is a new Forex robot that operates on the MT4 platform and the H1 period. Optimized for trading XAUUSD (Gold), the goal of this automated trading program is to give traders a better way to deal with intricate currency markets.

Avenix Fzco, a fintech company based in Dubai, UAE, has recently unveiled its latest Forex robot called Pivlex. This Expert Advisor (EA) is designed specifically for trading gold on the MetaTrader 4 platform, focusing on the M1 timeframe. Pivlex utilizes support and resistance levels to identify potential trading opportunities in the gold market.

Litepips is the newest Forex robot from Avenix Fzco, a Dubai, UAE-based fintech startup. This MetaTrader 4 automated trading system is hyper-focused on the H1 timeframe and gold trading (XAUUSD). Litepips’ goal is to give traders a way to deal with the complicated foreign exchange market by utilizing a combination of cutting-edge technology and strategic methods.

The newly launched Pivozon FX robot is the brainchild of Avenix Fzco, a Dubai, UAE-based fintech firm. Using the D1 (Daily) period, this automated trading program is tailor-made for the EUR/USD currency pair. For Pivozon, the key to finding profitable Forex trading opportunities is a cocktail of technical indicators.

RITES rallied 8% to a day’s high of Rs 324.70 on the BSE after the company announced that it has entered into a strategic partnership with Etihad Rail to explore railway infrastructure development in the UAE. “RITES Ltd., a prime transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Etihad Rail, the developer and operator of the UAE National Rail Network, to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region,” the company said in a filing to the exchanges.

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India Women registered their first win in the ongoing ICC Women's Word Cup on Sunday after beating arch-rival Pakistan by wickets six and seven balls to spare at the Dubai International Cricket Stadium in the United Arab Emirates. Chasing 106 to win, opener Shafali Verma led the charge with a steady 32, while Jemimah Rodrigues scored 23 runs. Captain Harmanpreet Kaur handled a mini-collapse where India lost two wickets in as many balls when the score was at 80. The skipper remained unbeaten on 29, but was retired hurt with just two runs needed to win. Kaur injured her neck after she lost balance attempting to hit the winning runs. Earlier, the bowlers did a great job to restrict Pakistan to 105/8 in 20 overs. Pacer Arundhati Reddy spearheaded India's bowling with 3/19, earning her the Player of the Match award. Off-spinner Shreyanka Patil did not allow the batters to settle and registered figures of 2/12 in four over, including a maiden. Renuka Singh Thakur, Deepti Sharma, and Asha Sobhana picked up a wicket each. For Pakistan, Nida Dar scored a 34-ball 28 after being reduced to 41/4 inside 10 overs. Captain Fatima Sana and Syeda Shah played little cameos to help their team cross the 100-run mark.

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Subscribe to enjoy similar stories. OpenAI’s plan to convert to a for-profit company is meant to simplify the world’s leading artificial-intelligence startup. Making that happen will be enormously complex.

Sam Altman, CEO of OpenAI, started pitching an audacious plan that he hoped would create the computing power his company needed to build more powerful artificial intelligence. In meetings with investors in the United Arab Emirates, computer chip makers in Asia and officials in Washington, he proposed that they unite on a multitrillion-dollar effort to erect new computer chip factories and data centers across the globe, including in the Middle East. Though some participants and regulators balked at parts of the plan, the talks have continued and expanded into Europe and Canada. OpenAI's blueprint for the world's technology future, which was described to The New York Times by nine people close to the company's discussions, would create countless data centers providing a global reservoir of computing power dedicated to building the next generation of AI.

Azerbaijan, the UAE, and Brazil — the past, current, and next hosts of the UN climate conference — are set to increase their combined oil and gas production by 33 per cent by 2035, contradicting their commitments to lead global efforts for stronger climate action, according to a new analysis. The analysis, compiled by the US-based research and advocacy group Oil Change International using industry data, shows that the UAE and Brazil are on track to increase production by 37 per cent and 38 per cent, respectively, by 2035. Azerbaijan, which will host COP29 in Baku in November, is projected to see a four per cent rise in production. At the last UN climate summit in Dubai in November-December 2023, leaders made a historic commitment to transition away from fossil fuels, triple renewable energy capacity and double energy efficiency by 2030. Oil Change International said that the ongoing expansion of oil and gas investments undermines these commitments.

Telegram has captured the spotlight as it has decided to handover the internet IP addresses and phone numbers of the users to the authorities on the basis of the valid legal requests.

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The suspensions have multiplied following a day of Israeli bombardment that Lebanon's authorities said killed 558 on Monday — the deadliest day of violence in the country since the 1975-90 civil war. — Emirates - Emirates announced the temporary suspension of its flights to Beirut on Tuesday and Wednesday. Its sister United Arab Emirates-based airline flydubai also cancelled flights to Beirut on Tuesday and Wednesday.