Uae Financial News

UAE food industry said that huge demand is there in the Middle East countries for chicken, dairy, basmati rice, frozen marine goods and wheat products from New Delhi. The UAE industry has sought the support of the Indian government in smooth certification processes, more coordination with Agricultural & Processed Food Products Export Development Authority (APEDA), and harmonisation of standards. They also said that high quality packaging of Indian products would help boost New Delhi players to increase exports of food and food products in countries like Bahrain, Kuwait, the Sultanate of Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

British Parliament that both sides had already closed the majority of chapters, but added that his country would accept only a “fair and reciprocal” trade deal. A year later, hard negotiations are still continuing. UK PM Rishi Sunak said last month that there was progress in talks but he “won’t rush” into a deal.

Hamas attack targeting Israel and the retaliation that followed, but others blamed Israel itself and some celebrated the surprise assault. The early morning Hamas offensive by air, land and sea was met by Israeli air strikes on the blockaded coastal enclave, in the bloodiest escalation since May 2021. «We are at war,» Israeli Prime Minister Benjamin Netanyahu said, promising that «the enemy will pay an unprecedented price». Here is a roundup of reactions from the region: — Egypt - The foreign ministry appealed to «both the Palestinian and Israeli sides to exercise the utmost restraint», warning of the «dire danger of ongoing escalation». Cairo has historically been a key mediator in conflicts between the two sides. Foreign Minister Sameh Shoukry made a series of calls to regional and international leaders, including his Jordanian, UAE, Turkish, German and French counterparts, and to European Union foreign policy chief Josep Borrell. A foreign ministry statement said Shoukry sought to rally «international actors» to «intervene immediately». — Jordan - Foreign Minister Ayman Safadi warned of the «volatility» of the situation, «particularly in light of what cities and areas of the West Bank are witnessing of Israeli attacks and violations against the Palestinian people». The Hamas assault follows months of surging violence in the Israeli-Palestinian conflict, with fatalities in the occupied West Bank reaching a scale not seen in years. Jordan and Egypt were the first two countries in the region to agree peace deals with Israel. — UAE - The United Arab Emirates called for «an immediate ceasefire» and «exercising the utmost restraint,» state news agency WAM reported. «The UAE has expressed its sincere

ALSO READ: ICC World Cup 2023: Who is Rachin Ravindra, the star of England vs New Zealand match? Looking at the stats of the World Cup centuries on World Cup debut, Conway and Ravindra both share commonality with legends like Zimbabwe's Andy Flower, New Zealand's Nathan Astle, South Africa's Gary Kirsten, New Zealand's Scott Styris, Australia's Andrew Symonds, India's Virat Kohli, South Africa's David Miller, and Australia's Aaron Finch. All thanks to the tons by Devon Conway and Rachin Ravindra, New Zealand chased 283 runs target in just 36.2 overs and defeated the defending champions by 9 wickets.

 The Indian men’s and women’s chess teams won silver medals at the Asian Games here on Saturday.GM Harika Dronavalli, IM Vaishali Rameshbabu, IM Vantika Agrawal, and WGM Savitha Shri Baskar all won their games in a dominating fashion to beat South Korea 4-0 in the final round to finish with 15 match points.

₹200 crore wedding that saw celebrity performances in UAE. ALSO READ: Actors Huma Qureshi, Kapil Sharma get ED summons in Mahadev betting case Officials say that the Mahadev Online Book Betting app is an umbrella syndicate that enabled illegal betting websites to enroll new users, create user IDs, and the laundering of money through a layered web of benami bank accounts.

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against Bored Gen DMCC (BG), a company involved in the distribution and marketing of Islamic coin (ISLM).

Uppal, formerly small business owners in Chhattisgarh, are now at the center of a massive money laundering investigation related to the Mahadev online betting scheme. These two individuals transitioned from running juice and tire shops to operating a sprawling online betting empire, raising eyebrows and attracting the attention of the Enforcement Directorate (ED).

₹200 crore was paid in cash. Also read: Mahadev betting app case: Shraddha Kapoor likely to appear before ED today; Ranbir Kapoor requests for one week time At his wedding held in Ras Al-Khaimah, Sourabh Chandrakar hired private jets to ferry family members from Nagpur to the UAE and paid celebrities from the Indian film industry to perform.

Enforcement Directorate has summoned comedian Kapil Sharma, actors Huma Qureshi and Hina Khan for questioning on different dates in connection with its money laundering probe linked to the Mahadev betting app case, officials said on Thursday. The federal probe agency had already summoned Bollywood actor Ranbir Kapoor for questioning on October 6 at its regional office in Raipur. He is understood to have sought about two weeks to appear.

Also read: Sourabh Chandrakar's rise from juice vendor to lavish ₹200 crore wedding As per the ANI news agency, Ranbir Kapoor had allegedly carried out promotional activities for the Mahadev betting app. In this case, ED also suspects several other A-lister celebrities and certain sports personalities who promoted the app.

Shraddha Kapoor in connection with its probe into illegal online betting platform Mahadev Book app. The actor has been asked to appear before the agency on Friday. On Wednesday ED sources told ET that they had also summoned actor Ranbir Kapoor in the matter.

₹200 crore- spent on the bash was paid entirely in cash. The ED investigation has shown that the Mahadev Online Book App is run from a central head office in the United Arab Emirates (UAE), officials said. It operates by franchising "Panel/Branches" to their known associates on a 70-30 profit ratio, the agency had said.

Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing cryptocurrency bear market.

₹200 crore wedding that saw celebrity performances in UAE. Officials say that Mahadev Online Book Betting app is an umbrella syndicate that enabled illegal betting websites to enroll new users, create user IDs and the laundering of money through a layered web of benami bank accounts.

Ranbir Kapoor ticked the investigative agencies when he attended a ₹ 200-crore wedding in the UAE that happened in February was being probed. The wedding was of Sourabh Chandrakar, one of the promoters of the online betting platform, who married in Ras Al-Khaimah in February. Reports say the entire ₹ 200-crore was paid in cash.

UAE are looking at ways to further expand the rupee-dirham trade, as it would have a «huge» impact on bilateral trade, Commerce and industry Minister Piyush Goyal said here on Thursday. He also said it will help the two countries in making remittances flow from the UAE to India at a lower cost. «We have looked at further expanding the rupee-dirham trade, which has been operationalised with the efforts of the central bank of the UAE and the RBI,» he told reporters here.

Enforcement Directorate has now summoned Kapil Sharma, Hina Khan and Huma Qureshi in the Mahadev online betting app case. The investigating agency is planning to to question them in the capacity of a witness. According to reports, 14-15 other celebrities and actors are under the ED's scanner in the case. The company promoted by Sourabh Chandrakar and Ravi Uppal was being operated from Dubai.

True North has agreed to invest $75 million for a minority stake in US-based digital transformation solutions provider iLink Digital. The investment, made by True North’s $600-million (around Rs 4,200 crore) Fund VI, is aimed at expanding iLink Digital’s organic and inorganic growth in the IT services space.

Subhakar Rao Surapaneni, Chairman of Champion Infratech, said, "We are introducing 100 mesmerizing man-made beaches and smart lagoon cities across India. This exclusive agreement ensures the delivery of high-quality private and public lagoon projects throughout the country, solidifying our partnership with Crystal Lagoons.

Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world's most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark.