Uae Financial News

Tanzania's government has signed a controversial port management deal with a Dubai-based company that had fueled protests in the African country and led to arrests of dozens of critics

basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to $950 per metric ton from $1,200 a metric ton, said the sources, who did not wish to be named because the decision has not been made public. India imposed a $1,200 per ton MEP on basmati rice shipments in August to keep a lid on local prices ahead of key state elections.

World Cup on Monday. Chasing a 283-run target, Afghanistan were lifted by Ibrahim Zadran (87), Rahmat Shah (77 not out) and Rahmanullah Gurbaz (65) as they scored 286-2 in 49 overs. Pakistan had made 282-7 in their 50 overs with 74 from skipper Babar Azam and 58 from opener Abdullah Shafique but the total did not prove tough enough for a clinical Afghanistan.

NEW DELHI : India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants. The move is strategically significant as it is expected to give India an upper hand over China which has interests in both South East Asian and Africa and has been opposed to joining the alliance. The alliance launched on 9 September on the sidelines of the G20 Leadership Summit was initially conceptualized with a view to getting all G20 members on board.

NSE). The fiscal ending March 2024 is also seeing tremendous growth in UPI transactions in the first 6 months. This fiscal will see an even better record for UPI, he added.

NEW DELHI : India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India 8said in an interview. The diversification of traded commodities can broaden the scope of economic cooperation and make local currency transactions even more versatile, Alshaali said in an email interview.

Investing.com — If Friday’s market was any indication, oil gains could be reversed almost as quickly as they are made on news of any thawing of the crisis in the Middle East. The question though is how many hours of relative calm could there be in this conflict before the next headline of an escalation sends traders over the edge again?

₹5.5 lakh every month for the next 25 years, dramatically changing his fortunes. Natarajan, 49, won the FAST5 Grand Prize of Emirates Draw. The win ensures he will get Dh 25,000 (5.6 lakh) a month for 25 years.

Israel-Hamas war becoming a wider conflict. Egyptian President Abdel-Fattah El-Sisi said he'd agreed with US President Joe Biden that the Rafah crossing should be open “sustainably.” The Israeli Defense Force said it was responding with live fire on Saturday to a number of launches made toward Israel by Lebanon. Lebanon's state-run National News Agency reported earlier that Israel's military struck a village near the countries' border. Switzerland's top prosecutor announced the start of a criminal investigation into alleged payments made to Hamas weeks before the attacks on Israel, the Swiss public broadcaster reported on Saturday. Attorney General Stefan Blaettler said the accusation centers on financial support to a terrorist organization, while declining to say who the proceedings are directed against. Egypt opened its crisis summit in Cairo with the leaders of Italy, Qatar, the United Arab Emirates, Jordan and South Africa among those on hand, as well as senior officials from the EU, Turkey, Russia and China.

climate «loss and damages» ahead of COP28 ended in failure Saturday, with countries from the global north and south unable to reach an agreement, according to sources involved in the talks. The agreement to set up a dedicated fund to help vulnerable countries cope with climate «loss and damage» was a flagship achievement of last year's COP27 talks in Egypt. But countries left the details to be worked out later.

Gaza. By the time Israel issued its denial, though, details had ceased to matter. The catastrophe had sparked protests in the West Bank and Jordan, and as far away as Tunisia.

WASHINGTON (Reuters) -Palestinian Islamist group Hamas' Oct. 7 attack on Israel that killed about 1,400 people aimed to disrupt a potential normalization of ties between Israel and Saudi Arabia sought by Riyadh, U.S. President Joe Biden said on Friday.

crown prince and president of the United Arab Emirates met on Friday, state media reported, as the two Gulf states worked to overcome their differences amid a conflict between Israel and Hamas that threatens to engulf the Middle East. Saudi state news agency SPA showed footage of Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, receiving UAE President Mohammed bin Zayed Al Nahyan at Riyadh's airport. Public meetings between the crown prince and Sheikh Mohammed have been rare in recent years as the close allies competed for investment and regional influence.

The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing this week. 

Pakistan prime minister Nawaz Sharif has arrived in the UAE to meet a select group of people a day ahead of his return to Pakistan without the fear of immediate arrest upon landing, according to a media report on Friday. Sharif, also the Pakistan Muslim League-Nawaz (PML-N) supremo, landed in Dubai late on Thursday night and is expected to return to Pakistan on a chartered flight, ending a self-imposed four-year exile in London, Geo News reported. In Pakistan, the Islamabad High Court on Thursday provided temporary relief to Sharif as it granted the 73-year-old former prime minister a protective bail in the Avenfield and Al-Azizia corruption cases until October 24.

₹132 crores, the film's official handle on X stated. It also added that the film has become an all time highest Day-1 Grosser in Tamil Nadu at ₹43 crore. Entertainment Industry tracker expert Ramesh Bala in a tweet said that the film has done well in the UAE.

₹44 a kg against ₹134 in the UAE, ₹112 in Sri Lanka, ₹110 in the UK, and ₹76 in Brazil, the food secretary said. Sugar prices are predicted to fall as soon as mills start crushing sugarcane, he added. Due to the erratic monsoon, sugarcane production may suffer in the key producing states of Maharashtra and Karnataka.

₹54,550 crore in the state since September, chief minister Pushkar Singh Dhami said. Speaking to reporters here, Dhami said that the investment commitments have been made by companies in various sectors including tourism, pharmaceuticals, health and wellness, education and agro-processing during his recent visits to London, Birmingham, Dubai, Abu Dhabi and New Delhi. Uttarakhand will hold a global investor summit from 8-9 December.

OpenAI, the maker of popular artificial intelligence (AI) chatbot ChatGPT, and Dubai-based technology holding group G42 announced a new partnership on Oct. 18 to expand AI capabilities in the Middle East region. 

Ras Al Khaimah ruler Sheikh Mohammed bin Saud bin Saqr Al Qasimi inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3 and artificial intelligence (AI) on Oct. 19.

One of the largest European crypto exchanges, a Vienna-based BitPanda, became one of the first foreign entities to receive a virtual assert service provider license in Norway. The announcement came on the company’s official X (former Twitter) account on Oct. 19.