Uae Financial News

Also Read: Excitement and worry as stock options trading booms in India Dubai Taxi’s IPO will be the first share sale by the government in more than 12 months, after it raised $8.3 billion selling stakes in four state-owned companies in 2022, including the city’s main water and electricity utility. The IPOs are part of a plan unveiled about two years ago to list 10 state-owned companies in a bid to boost flagging trading volumes and catch up with IPO drives in Abu Dhabi and Riyadh. Dubai paused the listings this year, contributing to a drop in the overall IPO volumes in the Middle East.

By Libby George and Bansari Mayur Kamdar

Check all the latest Israel-Hamas war LIVE Updates hereSaudi Arabia, considered as the de-facto leader of the Muslim world, along with its neighbour the United Arab Emirates, was among the countries that blocked a proposal moved at the Islamic-Arab summit to snap all ties with Israel, reports said.The proposal was to sever all diplomatic and economic relations with Tel Aviv, deny Arab airspace to Israeli flights and that the oil-producing Muslim countries should “threaten to use oil as a means of leverage" to achieve a ceasefire in Gaza, The Times of Israel reported Ehud Ya’ari, the Arab affairs analyst of Israeli news platform Channel 12, as saying.The proposal was shot down by Saudi Arabia, the UAE, Jordan, Egypt, Bahrain, Sudan, Morocco, Mauritania and Djibouti, Ya’ari reportedly added. Read the complete story.The World Health Organisation (WHO) on Sunday, November 12 reported that it has lost contact with Al-Shifa Hospital in Gaza City, ANI reported.Al-Shifa Hospital has received international attention after reports of individuals fleeing the hospital being allegedly shot, wounded, or killed.

Al Jaber on Sunday praised India, the current hosts of the Presidency of the G20, for its energy transition vision even as he acknowledged the critical need for a «new paradigm» in climate finance to ensure every country across global south adopts low carbon development. The UAE and India shared a «vision for embracing an energy transition in line with sustainable socio-economic development,» Al Jaber said at the 'From G20 to COP28' special forum held at Abu Dhabi.

The Times of Israel said, citing the claim made by Ehud Ya’ari, the Arab affairs analyst of Israeli news platform Channel 12. The proposal was shot down by Saudi Arabia, the UAE, Jordan, Egypt, Bahrain, Sudan, Morocco, Mauritania and Djibouti, Ya’ari reportedly said. Livemint could not independently verify the development.

FRANKFURT (Reuters) — German Foreign Minister Annalena Baerbock said on Saturday in Tel Aviv that the international community should focus on limiting the impact of military operations in Gaza on the civilian population.

AFP reported. President Raisi cited Israel's current operations in the Gaza Strip to urge nations, that have ties with Israel, to sever them. He called for greater support for Palestinians, the report said.

Oil and gas companies have a large presence at international climate talks aimed at getting the world to sharply reduce emissions, which lead to climate change

Internet access across the war-torn nation of Yemen collapsed Friday and stayed down for hours, with officials later blaming unannounced “maintenance work” for the outage

By Michelle Nichols

Gaza Strip, World Health Organization Director-General Tedros Adhanom Ghebreyesus told the United Nations Security Council on Friday, warning: «Nowhere and no one is safe.» He said that half of Gaza's 36 hospitals and two-thirds of its primary healthcare centers were not functioning and those that were operating were way beyond their capacities, describing the healthcare system as being «on its knees.» «Hospital corridors crammed with the injured, the sick, the dying. Morgues overflowing. Surgery without anesthesia.

exports are yet to take off with several factors holding up growth including robust domestic demand. Whisky exports in FY23 were just 10% higher in value from a decade ago while imports have surged nearly four times during this period. To be sure, whisky exports were 18% higher in the first five months of the current fiscal year from the corresponding period a year ago. In October, locally made Indri Diwali Collector's Edition won the Best in Show Double Gold award at the Whiskies of the World Awards.

Goldman Sachs Group Inc. hired a trio of Credit Suisse private bankers as it builds up its presence in a swath of the Middle East that’s increasingly becoming a destination for the world’s rich.

Lupin on Friday said it has tied up with Amman Pharma to market a biosimilar product in the Middle East region. The company has inked a licensing pact for the commercialisation and marketing of Ranibizumab, a biosimilar of Lucentis, in various countries including Saudi Arabia, UAE, Iraq and Lebanon.

Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10. 

IndiGo is gearing up to launch an electrifying air taxi service. India's leading airline is set to offer a cost-competitive solution. It will solve the perennial problem of urban traffic congestion.

Israeli troops have pushed into the Gaza Strip’s largest city along a key coastal road on the Mediterranean Sea as part of their war on Hamas

Wynn Resorts (NASDAQ:WYNN) shares fell more than 5% after-hours despite the company reporting better-than-expected Q3 results.

Gulf countries with one visa, just like Schengen countries! In a bid to simplify travel logistics and boost tourism, the Gulf Cooperation Council (GCC) countries have recently approved a unified tourist visa that will allow people to travel across member states such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. This was announced by GCC President Sayyed Hamoud bin Faisal Al Busaidi during the 40th meeting of the Interior Ministers.

SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups.

SC Ventures, the fintech investment arm of British bank Standard Chartered, will establish a “Digital Asset Joint Venture” investment company in the United Arab Emirates in partnership with a Japanese financial conglomerate, SBI Holdings.