Uae Financial News

was attacked on Feb. 18 while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, U.S. Central Command said.

Kerala has emerged as the frontrunner in India's healthcare talent migration to the Middle East and North Africa (MENA) region, especially the United Arab Emirates (UAE). The demand in the UAE alone witnessed a 3.3-fold increase in 2023, according to data from blue-collar worker platform Huntr. Kerala, Tamil Nadu, and Andhra Pradesh stand out as major contributors to the migration of healthcare professionals, including nurses, doctors, and laboratory technicians, to MENA countries. Particularly, the migration from Kerala to the UAE experienced a significant surge in 2023, as highlighted in the report. The data, sourced from the Huntr platform and employer organizations in the Middle East spanning 2022 and 2023, indicates a shifting trend in the healthcare landscape of the region. The preferred destinations for Indian healthcare professionals seeking job opportunities are reported to be the UAE, Saudi Arabia, and Qatar.

The United States Attorney’s Office has made a formal request to a federal judge seeking additional travel restrictions for Changpeng Zhao, commonly known as CZ, the former CEO of Binance. 

By Rachna Uppal and Hadeel Al Sayegh

The Dubai-based budget carrier FlyDubai has seen record earnings of $572 million in 2023, boosted by carrying the most passengers ever across its network

Yemen’s Houthi rebels have launched attacks on both Israel and a ship traveling through the Gulf of Aden

Houthi attacks on commercial ships in the Red Sea, in reprisal for Israeli bombing of Gaza, continue unabated and the disruption they are causing is beginning to pinch. As the crisis enters its fourth month, Mint looks at the impact on India and the sectors that have been hit. There are no signs at all of any improvement.

An Israeli sabotage attack on an Iranian natural gas pipeline has caused the multiple explosions last week

NTA) has announced that the National Eligibility cum Entrance Test for Undergraduate (NEET-UG) will be conducted at exam centres in 14 foreign cities on May 5. This decision comes after requests from aspirants, as the initial information bulletin for the exam did not mention centres outside India. «It has been decided that the exam will also be conducted in 14 foreign cities in 12 countries,» said NTA Senior Director (Exams) Sadhna Parashar. According to NTA Senior Director (Exams) Sadhna Parashar, the exam will be conducted in 12 countries, including cities like Dubai, Abu Dhabi, Sharjah (UAE), Kuwait City (Kuwait), Bangkok (Thailand), Colombo (Sri Lanka), Doha (Qatar), Kathmandu (Nepal), Kuala Lumpur (Malaysia), Lagos (Nigeria), Manama (Bahrain), Muscat (Oman), Riyadh (Saudi Arabia), and Singapore.

Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients. Some of its clients in these markets include the UAE-based fashion brand Redtag, the Philippines-based kids' wear brand Edamama and the UAE-based logistics player RSA Global.

what should be your trading strategy in this record-high environment? How should your portfolio look like? Here's what experts said: Tanvi Kanchan, Head – UAE Business & Strategy, Anand Rathi Shares and Stock Brokers For investors looking at the long-term perspective, short-term volatility can be used to increase exposure in sectors that are lower than long-term averages, as well as increasing large-cap exposure in the portfolio. An allocation between equity and debt as per tenor and risk profile can be maintained in the range of 60% - 70% in equity and balance in debt for an aggressive investor. Investors would do well to keep rebalancing their asset allocation and equity portfolio to realise profits from the equity portion (if it has overshot the allocated percent).

A missile attack by Yemen’s Houthi rebels damaged a Belize-flagged ship traveling through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden, forcing the crew to abandon the ship

The number of passengers flying through Dubai International Airport has surged in the last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation

A term plan is as critical a requirement for non-resident Indians (NRIs) as for people living in their home country. It is all the more crucial for NRIs who might be away from their roots but would want to shield their family. With a term plan, you ensure that your loved ones are not burdened with financial liabilities even if you are not around.

India's foreign policy is going strong, Prime Minister Narendra Modi on Sunday said that the world is seeing how New Delhi's relations with many countries continue to grow stronger in trade, tourism, technology and various other aspects. In a jibe against the critical remarks over the years on experience in foreign policy, PM Modi said that when he took the oath as India's Prime Minister, questions were raised about him not having «experience outside a state.» While addressing the concluding day of the National Convention of the Bharatiya Janata Party (BJP) at Delhi's Bharat Mandapam, PM Modi said, «When I took oath in 2014, many of our critics said that what experience does Modi have outside a state. Many things were said about foreign policy.»

₹65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. "We have got an order book of around ₹65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market.

RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. «We have got an order book of around Rs 65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market. In time to come, we should maintain an order book of around Rs 75,000 crore,» top management officials said in reply to a question. Of the total order book, the share of the Vande Bharat trains was around Rs 9,000 crore, and Rs 7,000 crore was for several metro projects. The company has also bagged projects in the electrification and transmission lines among others.

RBI) signed terms of reference (ToR) with Nepal Rastra Bank on Integration of Unified Payments Interface (UPI) of India with National Payments Interface (NPI) of Nepal for cross-border remittances. The banking regulators of India and Nepal signed and exchanged Terms of Reference for integration of cross border payment between the two countries. The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers.

Also Read: PM Modi to inaugurate first Hindu temple in UAE, travel to Qatar this week — Check full schedule, key details Last year, Goa's Palolem and Agonda cities had secured the first and the second rank in Most Welcoming Indian cities list. The list was followed by Mararikulam, Hampi, Khajuraho, Tekkady, Jaisalmer, Bir, Munnar and Kerala.

Varun Beverages has gained the most almost 15 percent followed by Godrej Consumer, up 10 percent, and Tata Consumer, up 5 percent. Meanwhile, Radico Khaitan, Colgate-Palmolive and United Spirits also gained between 1.5-4 percent each in this time. However, Emami was the top loser, down 17.6 percent in 2024 YTD followed by ITC, down 13 percent, and HUL, down 11.3 percent.

6.5%: That's the unemployment rate in urban areas in the December 2023 quarter, data released by the ministry of statistics and programme implementation (MoSPI) showed. In the same period last year, India's unemployment rate was 7.2%. The Periodic Labour Force Survey showed that the urban labour force participation rate—or the share of individuals in the labour force—rose to 49.9% from 48.2% a year ago.