Uae Financial News

The Abu Dhabi Agriculture and Food Safety Authority of UAE issued a new advisory on Thursday prohibiting the use of farms for cryptocurrency mining. Farmers caught engaging in such activities face fines of up to 10,000 UAE dirhams (approximately $2,722).

₹80 crores before travelling to the United States. They must furnish the security by way of property and submit their Emirates Card to ensure they do not travel to the United Arab Emirates (UAE), as they hold “golden visas," as per Hindustan Times report.Also Read | Mahindra & Mahindra Financial Services share price Today Live Updates: Mahindra & Mahindra Financial Services Stock Up in Trading TodayThe court has allowed the couple to travel separately to the US for their children's summer school after consulting with the Economic Offences Wing regarding their travel conditions.Also Read | Tech Mahindra share price Today Live Updates: Tech Mahindra Stock Falls Amid Market VolatilityAccording to the Hindustan Times report, they must share details of their stay, including hotel accommodations, travel plans, and phone numbers, with the court and the investigating agencies.According to the court's schedule, Ashneer Grover will leave for the US on May 26 and return to India on June 14, while Madhuri Jain Grover will travel to the US on June 15 and return to India on July 1, as per the report in HT.Also Read | Apollo Tyres share price Today Live Updates: Apollo Tyres Stock Plummets in Trading TodayAdditionally, the court has directed the couple not to create any third-party rights on the shares of BharatPe that they hold.

India's electronics, pharma, engineering goods exports beat global trade slowdown during FY24 Meanwhile, RTE imports have grown marginally, from $304.96 million in FY2019 to $360.37 million in FY24. The FY24 figure marks a fall in imports of 13.6% from the previous fiscal year. “Reduction in imports indicates changing domestic consumption patterns, and increased local production," Srivastava said.

growth in the last four months, India’s engineering exports declined in April 2024 by 3.2% to US$8.67 billion primarily due to lower shipments of metals, especially iron & steel and copper. Lower shipment of steel was mainly witnessed in Italy, Nepal, UAE, Netherlands, USA, China, and South Korea among others. Excluding the export of iron and steel, engineering exports recorded a growth of 2.61% during April 2024. A substantial 36.41% decline in exports of Iron and Steel therefore was the single most important reason behind the year-on-year decline in overall engineering exports during April 2024.

A missile has splashed down in the waters of the Red Sea, but caused no damage to a passing commercial vessel in an attack likely carried out by Yemen’s Houthi rebels

New Delhi: India is in talks with Sri Lanka to acquire a graphite mine block in the island nation, pushing ahead with its plan to forge global alliances to secure critical mineral supplies, said people familiar with the development. Separately, the country has received an offer from the United Arab Emirates to partner for critical minerals, they said. «Graphite is crucial for India since it is used for making batteries.

Afghanistan's Taliban have confirmed the resumption of Turkish Airlines flights to Kabul’s international airport

Rajinikanth was having the time of his life, riding a grand Rolls Royce in the UAE. As pictures and videos of the ‘Enthiran’ star’s joyride became viral on the Internet, it was revealed that the car belonged to his friend MA Yusuff Ali, the chairman and managing director of Lulu Group, a renowned retail company. In the picture, the ‘Jailer’ star is seen in an indigo blue shirt, sharing a laugh with the business tycoon. Rajinikanth recently wrapped up shooting for TJ Gnanavel directorial ‘Vettaiyan’. The veteran entrepreneur is reported to have played a key role in boosting trade ties between India and the Arab world.

The world’s leading artificial intelligence companies pledged at the start of a mini summit on AI to develop the technology safely, including pulling the plug if they can’t rein in the most extreme risks

—Name withheld on request.

In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab Emirates

U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves

Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the Israel-Hamas war

A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.”

—Name withheld on request. I am assuming that you qualify as a non-resident (‘NR’) in India, as per the relevant income tax provisions, and also that you do not qualify as a deemed resident of India under the relevant income tax provisions. Units of mutual fund qualify as capital assets, and any gain or loss arising on account of transfer of such mutual fund units qualifies as a capital gain or loss for tax purposes.

₹1,959 crore was paid as visa fees for the 1.4 million US visitor and work visas processed across consulates in India in 2023. Additionally, the average waiting time for visitor visa appointments was 250 days. Passport strength is closely connected to the business environment, especially for the high-ranked countries.

ports in the United Arab Emirates this week, including the Port of Fujairah in the Indian Ocean Region, and held discussions with the customs authorities on kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC), said people with knowledge of the matter. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part, they said. The development comes close on the heels of India signing a 10-year-pact to manage Iran's Chabahar Port, which is expected to bolster India's trade ties with Central Asia and Eurasia, signalling ongoing efforts to secure India's strategic interests amid general election, said experts.

inter-ministerial Indian delegation on the framework agreement on the India-Middle East-Europe Economic Corridor (IMEEC) has visited the UAE for the first time to hold discussions with the key entities there on cooperation for the empowerment and operation of the strategically vital project. The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project, a press statement by the Embassy of India, Abu Dhabi said. The Corridor will provide effective alternate supply routes generating efficiencies and reducing costs. Both sides agreed to continue discussions for early implementation of the Agreement, it said. «India Middle East Europe Corridor (IMEEC) takes shape with the 1st visit of an Indian Inter-Ministerial Delegation to the UAE for the India-UAE Intergovernmental Framework Agreement on IMEEC. Amb @sunjaysudhir led the discussions with key UAE entities like @DPWorldUAE, @ADPortsGroup @CUSTOMSUAE,» the Indian mission posted on X.

As banks compete hard for work in the Middle East, Dubai is emerging as one of the most grueling places to work. Juniors at Rothschild, which is expanding in the UAE, claim they are being driven to the point of exhaustion.

Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long electricity outages caused by a shortage of fuel for power stations

integrity, a young Indian boy in Dubai has been commended by the city’s police force for his commendable action. Muhammad Ayan Younis, accompanied by his father, stumbled upon a lost watch during a stroll and promptly returned it, earning accolades from the Dubai Tourist Police Department for his honesty and discernment. The Dubai Police Department took to social media platform X to spotlight this exemplary act, affirming, “Dubai Police Honours Child for Honesty After Returning Tourist's Lost Watch.” A snapshot shared alongside the announcement captures Brigadier Khalfan Obeid Al Jallaf, Director of the Tourist Police Department, along with his deputy, Lieutenant Colonel Muhammad Abdul Rahman, and Captain Shahab Al Saadi, Head of the Tourist Happiness Section, presenting young Muhammad Ayan Younis with a certificate of commendation. Additionally, a blog link detailing the incident was included in the post.