Uae Financial News

The release of eight former Indian Navy personnel from Qatar, who had previously faced the death penalty on espionage charges, is a significant triumph for India's diplomatic efforts in West Asia. This development comes just days before Prime Minister Narendra Modi's visit to the United Arab Emirates and then his subsequent travel to Doha, Qatar, and underscores the strengthening economic and strategic relationships between India and the Gulf nations in recent years.

Narendra Modi received a warm welcome outside his hotel in Abu Dhabi on Tuesday after he arrived in the Gulf country to inaugurate the first Hindu temple in the United Arab Emirates' capital city and participate in the World Government Summit. Members of the Indian diaspora in Abu Dhabi lined up outside the hotel where the Indian prime minister was scheduled to stay and raised slogans of 'Modi-Modi, Modi Hai to Mumkin Hai and Bharat Mata ki Jai' as PM Modi arrived there. The Indian prime minister also warmly greeted the passionate Indian diaspora with namastes and shook hands with some of the members.

Assam government has announced that 'Kaji Nemu' (citrus lemon) has been recognized as the state fruit of Assam. Assam Chief Minister Himanta Biswa Sarma stated, «Our government has decided to declare Kaji Nemu (Citrus Limon) as the State Fruit of Assam. With its unique aroma and antioxidant properties, Assam lemon has enriched our local cuisines. With today’s announcement, it is set to shine on the global fruit map, boosting self-dependency and production.»

United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan on Tuesday introduced UPI services in Abu Dhabi. The Indian Prime Minister is on a two-day visit to the Gulf nation, after which he will travel to Qatari capital Doha on Wednesday. Modi received a rousing welcome as he arrived in Abu Dhabi on Tuesday. He was welcomed by UAE President Mohammed bin Zayed Al Nahyan. The two leaders shook hands and hugged each other. Prime Minister Modi also received a guard of honour. PM Modi held wide-ranging talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan.

First Hindu Temple in Abu Dhabi: Prime Minister Modi will inaugurate UAE's historic BAPS Swaminarayan Mandir in Abu Dhabi on February 14, marking a significant moment for the city's Hindu community. Public access begins March 1st. PM Modi further emphasized that he looks forward to being among the Indian diaspora in the UAE at the Ahlan Modi program.

PM Modi will meet with the UAE President Sheikh Mohamed bin Zayed Al Nahyan, whom he had met in Gujarat during the 'Vibrant Gujarat 2024' in January 9. He will also meet with the Vice President, Prime Minister, and Defence Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum. In their bilateral meeting PM Modi and UAE President are expected to take up strengthening of ties in a number of economic areas including energy security, energy trade, ports, railways and maritime logistics, digital infrastructure, capital flows and fintech connectivity, according to the Ministry of External Affairs (MEA).

The CEO of ChatGPT-maker OpenAI says that the dangers that keep him awake at night regarding artificial intelligence are the “very subtle societal misalignments” that could make the systems wreck havoc

Authorities say Yemen’s Houthi rebels have fired missiles at a ship bound for a port in Iran, causing minor damage but no injuries to its crew

United Arab Emirates from February 13 to 14, where he will hold discussions with UAE President Sheikh Mohamed bin Zayed Al Nahyan on taking forward our Comprehensive Strategic Partnership. According to a statement by the Prime Minister's Office, he will visit Qatar from February 14 to 15, following his UAE visit. «I am travelling to the United Arab Emirates on an Official Visit from 13-14 February and to Qatar from 14-15 February. This will be my seventh visit to the UAE and second visit to Qatar since 2014,» the statement read.

United Arab Emirates(UAE). Government employees in Dubai has been asked to work from home till 13 February, Tuesday. UAE's educational authority has also declared the continuation of distance learning in all government schools on February 13.

Dubai/ 12 February 2024: HJ Real Estates emerges as the fastest-growing independent real estate channel partner in Dubai, UAE. It partners with over 24+ globally renowned real estate developers, facilitating the sale of properties - studios, apartments, villas, and ready-to-move properties, including off-plan projects. The company excels in providing property management, mortgage advisory services, currency exchange, and others apart from property sales in Dubai.

Indian onions are fetching as much as ₹140 a kilogram in Malaysia, Sri Lanka and the UAE, more than ten times the wholesale price in Nashik, tempting smugglers to defy a ban on the export of the bulb vegetable, traders said.These «rogue exporters», traders said, are shipping out onions by mis-declaring them as potatoes, shallots or even labelling them as grapes. India banned the export of onions effective December 8 to make the essential kitchen staple cheaper for domestic consumers. This has led to a crash in the price from more than ₹40 a kg to around ₹13 currently in the wholesale market of Nashik, India's main onion-growing region. The ban on exports by the second largest onion producer, which used to ship 40,000-50,000 tonnes of the commodity every week, caused a spike in international prices.

PM Modi to be on a two-day official visit to UAE from February 13: Prime Minister Narendra Modi will kick off a two-day official visit to the United Arab Emirates today, where he will inaugurate the first Hindu temple in Abu Dhabi, address the World Government Summit, and meet with top UAE officials. PM Modi's agenda in Qatar includes meetings with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, among other senior officials.

PM Modi will inaugurate the first Hindu temple in Abu Dhabi on February 14. "The inauguration programme of BAPS temple is one of the key parts of PM Modi's UAE visit...," Foreign Secretary Vinay Mohan Kwatra said on Monday. Besides this, the Prime Minister will also address the Indian community in the UAE at an event in Zayed Sports city in Abu Dhabi.

—Name withheld on request I assume that you are eligible to claim the benefits under the India-UAE DTAA as a non-resident Indian (NRI). Further, you are correct in your understanding that a resident of UAE can claim exemption from capital gains on sale of mutual funds under Article 13(5) of India-UAE DTAA.

fund to finance the development of sophisticated technology in developing nations. The fund was launched with capital of $200 million, financed by the Abu Dhabi government, and will be overseen by the Gulf state's Advanced Technology Research Council (ATRC), the council said.

BAPS Mandir’ in Abu Dhabi. He will also meet the top leadership of one of India's closest strategic partners in West Asia. The temple, the first traditional Hindu temple in the United Arab Emirates, sits on 27 acres of land generously gifted by the UAE leadership.

Abu Dhabi witnessed a symbolic 'Yajna' for harmony at the BAPS Hindu Temple ahead of its inauguration by Prime Minister Narendra Modi. Brahmaviharidas Swami, Head of BAPS Hindu Mandir, expressed the temple's purpose, emphasising its role in fostering coexistence among cultures, religions, communities, and countries. «Today we had a beautiful 'Yajna' for harmony. Our Prime Minister, Narendra Modi, is specially flying in to inaugurate this temple, which he actually initiated in 2015...The significance of this mandir is to breathe in a fresh air of harmony where cultures, religions, communities and countries can coexist,» he told ANI.

PTI. Citing sources, the report said the Sri Lankan government is in touch with IIT Madras for the ambitious project. “A high-level delegation had recently visited the Chennai campus to discuss the future roadmap.

Mint. This move is part of GMR Sports' broader strategy to maximize its potential in the competitive sports industry. Besides a 50% stake in the Delhi Capitals IPL franchise, GMR Sports owns UP Yoddhas in Pro Kabaddi and the Ultimate KhoKho franchise Telugu Yoddhas. “We were the original owners of the Delhi Daredevils, but in 2018, we divested a 50% stake in the team to the JSW Group.

OpenAI CEO Sam Altman is reportedly setting his sights on a new frontier: the semiconductor industry. According to a Wall Street Journal report published on Thursday, Altman is engaged in conversations with investors, including those from the United Arab Emirates, to secure trillions in funding aimed at bolstering global production of chips specifically designed for AI technology. This initiative could require raising as much as $5 trillion to $7 trillion, as per the report.