Uae Financial News

United States has emerged as India's top trading partner in January-June this year, while the country has recorded its highest trade deficit of $41.6 billion with China during the period, think tank Global Trade Research Initiative (GTRI) said Friday. India exports goods to 239 countries of which 126 countries showed positive growth in exports. Imports from Russia grew to $34.4 billion from $30.8 billion, a 11.65% increase. It also said the country's merchandise exports rose 5.41% to $230.51 billion during the first half of 2024, led by sectors like iron ore, pharmaceuticals, precious stones, basmati rice, chemicals, and smartphones.

IMF's approval. Finance Minister Muhammad Aurangzeb and his team had a virtual meeting with Dr Adnan Chilwan, Group CEO of Dubai Islamic Bank, on Thursday, the Dawn newspaper reported on Friday. On Wednesday, a similar interaction was held with Mashreq Bank President and Group CEO Ahmed Abdelaal. Both meetings had been arranged to «discuss the economic outlook and explore investment opportunities in Pakistan». For the current fiscal year, Pakistan has pitched about USD 20 billion in foreign borrowing in the budget, besides another USD 3 billion rollover from the UAE that was reported separately for the balance of payments. With this much borrowing, Pakistan's reserves are estimated to grow to about USD 19-20 billion by the end of the current fiscal year.

July 2024, engineering goods exports to countries like the US, UAE, Saudi Arabia, and Singapore witnessed a positive growth whereas exports to countries like Bangladesh and Russia experienced a decline during this period, according to latest data released by Engineering Exports Promotion Council (EEPC). Among the 25 major destinations for Indian engineering goods, exports showed growth in 10 countries, while 15 countries experienced a decline. The top 25 countries contribute 75.5% of total engineering exports to the country, said EEPC in a statement . At $1.5 billion, engineering goods exports to the US recorded 4.2% year-on-year growth in July this year. Engineering exports to the UAE stood at $625.78 million in July this year, up 65.6% year-on-year. The exports to Saudi Arabia rose 9.2% year-on-year to $412.30 million in July this year.

Salva Marjan, a 25-year-old motorsports enthusiast, is set to become the first woman from Kerala to participate in the prestigious Formula 1 Academy in January 2025. The academy is organised by the Federation Internationale de l’Automobile (FIA). She moved to the United Arab Emirates recently for better training and opportunities and is now preparing for the F1 Academy.

₹39 crore in funding from Dubai-based real estate company, Brickwork Development. This investment values the retired cricketer league at ₹350 crore and will support it as it prepares for its next season from 11 September, according to the company. The upcoming season will be held in India and Qatar and will feature six teams composed of recently retired international cricketers.

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack from Yemen's Houthi rebels in the Red Sea, while also destroying a bomb-carrying drone boat in the area

A Greek-flagged oil tanker traveling through the Red Sea has come under repeated attack, leaving the vessel “not under command” and drifting ablaze in an assault suspected to have been carried out by Yemen’s Houthi rebels

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

AUM of $150 billion) and Singapore-based Mars Growth Capital Partners (AUM $1.5 billion), according to two people familiar with the plans. Others that have set up local operations since this January include South Korea’s sovereign fund KIC, Japan’s Advantage Partners, and Singapore-based Growtheum Capital Partners.

Azerbaijan has formally applied to join the BRICS group of developing economies, a day after Russian leader Vladimir Putin’s visit to the oil-rich South Caucasus country to shore up regional ties and secure Moscow’s under-pressure trade routes

Predictions for the Bitnance (BTN) token presale have been released. Now being sold for $0.35 in its official ICO [initial coin offering], the crypto exchange listing day price is set to be $0.465. A +30% short term gain, the healthy amount is miniscule compared to a long-term prediction just released via a simple analysis, causing discussion on reddit.

ICC) announced on Tuesday that the Women's T20 World Cup will be moved to the United Arab Emirates due to the ongoing unrest in Bangladesh following the ouster of former Prime Minister Sheikh Hasina. The event, originally scheduled from October 3 to 20, will now be held in Dubai and Sharjah. ICC Chief Executive Geoff Allardice expressed his disappointment over the news, stating that Bangladesh Cricket Board would have made the event memorable.

Aug 19th, Panama – Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Center in Abu Dhabi, a global hub for Web3 technologies, are pleased to unveil Falcon Gate Ventures, a $100 million fund aiming to drive Web3 innovation in the coming years. This joint venture initiative takes a global stance to support Web3 builders that are committed to reshaping the world in the digital age.

Raksha Bandhan is a joyous occasion celebrated worldwide that honours the relationship between siblings. The day is marked by the tying of a sacred thread, known as Rakhi, by sisters on their brothers' wrists, a sacred depiction of pure love and affection. This holy day falls on August 19, 2024; observing the rituals at the appropriate time is very crucial. Here are the details of the ideal shubh muhurat for tying the rakhi, regardless of your location— the USA, the UK, Canada, or the UAE.

siblings, steeped in centuries of tradition. Rakhi is marked by the simple yet profound act of tying a rakhi, a sacred thread, around a brother's wrist. This act is a sister's way of praying for her brother's health, and the brother promises to protect her throughout his life. Though modern times have brought new ways to celebrate, Raksha Bandhan's core rituals are still the same.

Raksha Bandhan is a festival revered by the majority of people in India that celebrates the special bond between siblings. Even if you live thousands of miles apart from your brother in the United States, United Kingdom, or Canada, you can still make this day special and memorable for them.

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As conflict casts a shadow across the Middle East, people are getting rich in Dubai

Cryptocurrency exchange Bybit has registered as a virtual asset service provider (VASP) and card operator with the Financial Information Unit (FIU) in Argentina.

Dubai-based port operator DP World has reported its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen’s Houthi rebels over the Israel-Hamas war that have affected shipping through the Red Sea

free trade agreement with the UAE, which came into force on May 1, 2022, Commerce Secretary Sunil Barthwal said on Wednesday. He said that India is in discussions with the UAE and there are various issues which can be discussed in the review. The UAE is the third largest trading partner of India with USD 83.65 billion bilateral trade in 2023-24. The agreement is officially dubbed as Comprehensive Economic Partnership Agreement (CEPA). «As regards CEPA, there are two things — one is the value addition norms and the second is reduction (of customs duties). So we are in discussion with them and there are various issues which are discussed under CEPA review. So, I think we are seeking a review with them and once we get it, then we will look at all the issues holistically,» he told reporters here.