Uae Financial News

Maritime Rescue Coordination Centre in Mumbai received information that one of the crew, named Yin Weigyang, onboard the research vessel had suffered a cardiac attack and required urgent medical attention. Communication was established with the vessel which was en-route from China to the United Arab Emirates and provided necessary telemedicine advice.

Kaavaalaa' fever! The charm of the hit song from the movie 'Jailer,' featuring Tamannaah Bhatia and Rajinikanth, is now a global phenomenon. The peppy song has captured the attention of international audiences, particularly in Japan. Joining the 'Kaavaalaa' trend, Japanese Ambassador to India Hiroshi Suzuki created a dance video with Japanese YouTuber Mayo San.

Dubai’s Virtual Assets Regulatory Authority (VARA) has slapped failed 3AC co-founders with a massive $2.7 million fine against their new crypto project OPNX.

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise. 

The founders of the collapsed digital asset hedge fund Three Arrows Capital (3AC) Kyle Davies and Su Zhu are now facing a fine issued by Dubai’s dedicated crypto regulator over the OPNX exchange. 

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital.

India's Tricolour, celebrating the nation's 77th Independence Day. The official Instagram account of Burj Khalifa shared a captivating video showcasing the towering edifice adorned in the saffron, white, and green colors of India's flag. The remarkable display also included heartfelt messages such as «Happy 77th Independence Day To Mother India» and "Long Live India and UAE Friendship," accompanied by a striking portrait of Mahatma Gandhi.

For the first time ever India has settled an oil t... moreFor the first time ever India has settled an oil transaction with UAE in rupees.

Rajinikanth's latest film 'Jailer' has hit it out of the park at the worldwide box-office. On the sixth day since its release on August 10, the movie has breached the Rs 400 crore-mark, globally, according to film trade analysts Manobala Vijayabalan and Ramesh Bala. 'Jailer' earned Rs 64.27 crore on Independence Day (Day 6), taking its worldwide total to Rs 416.19 crore.

Two years after the Taliban takeover of Afghanistan, the United States has begun easing rules that could allow commercial airlines to fly over the country in routes that cuts time and fuel consumption for East-West travel

New Delhi Crude oil imports from Russia rose nearly three-fold in the first quarter of this fiscal compared to the same period of FY23, according to government data. Oil imports from Russia during the three months to June stood at $12.36 billion, 170.66% higher on a year-on-year basis. During the same period last fiscal, the imports stood at $4.57 billion, showed data from the ministry of commerce and industry.

WION. However, the Pakistan citizens were left disappointed and some even expressed anger when no such show came up. "The time is 12:01 am now and Dubai officials informed that Pakistan's national flag won't be displayed on Burj Khalifa.

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

Dubai has started offering commercial licenses to artificial intelligence (AI) and Web3 businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region. 

Investing.com — Nvidia's graphics processing units are in high demand as Saudi Arabia and the United Arab Emirates snapped up thousands of its chips to build artificial intelligence software, the Financial Times reported Monday, citing unnamed sources.  

India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday.Indian Oil Corp made payment to Abu Dhabi National Oil Company (ADNOC), according to a statement issued by Indian embassy in UAE. The transaction comes after one involving the sale of 25 kg gold from a UAE gold exporter to a buyer in India at about 128.4 million rupees ($1.54 million).

Pakistan President Arif Alvi on Monday appealed to political leaders to shun their differences and antagonism as the cash-strapped country celebrated its 76th Independence Day. Addressing a flag hoisting ceremony held at the Convention Centre here, the president also expressed his gratitude to friendly countries like China, Saudi Arabia, the United Arab Emirates, Iran and Turkiye for supporting Pakistan during its economic woes. He expressed confidence that Pakistan could become a developed country in a few years.

Mohamed Alabbar is more than just the managing director of Emaar Properties, the Dubai real estate firm that built the world’s tallest building, the Burj Khalifa. The multi-faceted entrepreneur and investor is also taking on Amazon in West Asia and spearheading UAE’s first digital bank Zand. In a video interview with Kailash Babar and Arijit Barman, Alabbar spoke frankly about mistakes made in India, future growth prospects and investment opportunities in digital assets as well as the stronger than ever bilateral ties between UAE and India.

NEW DELHI : India is working with multilateral forums, including the UN and the G20, to create collaborations that would certify, register, test and benchmark Indian digital public infrastructure (DPIs) and public goods (DPGs), two people with direct knowledge of the matter said. The success of some of the government’s popular DPI programmes like CoWin, UPI, Digilocker and Diksha (national digital infrastructure for teachers) has prompted New Delhi to seek its own rating and testing mechanism for DPIs and DPGs, the people mentioned above said.

«Vessels are being advised to transit as far away from Iranian territorial waters as possible» to minimise the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is «notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de-escalate,» he added. The alliance, established in 2019, is made up of 11 countries, including the United States, Great Britain, Saudi Arabia and the United Arab Emirates. Its mission, according to its website, is to «provide reassurance to merchant shipping in the Middle East region». The United Kingdom Maritime Trade Operations (UKMTO) agency said late Saturday in a statement that it had been «made aware of an increased threat within the vicinity of Strait Of Hormuz», through which one-third of the world's oil transported by sea passes.