Uae Financial News

03.08 / 11:13

business regulation FTX Bankruptcy FTX files motion to exclude its Dubai unit from bankruptcy proceedings

Bankrupt crypto exchange FTX filed a motion in court to remove its Dubai unit from the ongoing restructuring proceedings in the United States.

03.08 / 05:35

Reuters Booking Manufacturing COMPOSITE show performer services India’s services activity books fastest growth rate in 13 years on strong demand: PMI data

India's dominant services sector continued its robust performance as total sales rose at the quickest pace since June 2010, PMI data released on Thursday showed. S&P Global's India services purchasing managers' index rose to 62.3 in July from June's 58.5. Analysts at Reuters had pegged a dip to 58.0.

03.08 / 04:43

UPS Extreme MSCI track country India upgraded to No.1 slot in Morgan Stanley's emerging markets list

Morgan Stanley on Thursday upgraded Indian stocks to overweight rating and ranked India as the No. 1 market in its basket of Asian emerging markets ex-Japan. Beating the likes of Korea and UAE, India jumped 5 places in Morgan Stanley's list on the back of a structural uptrend, secular leadership and relative valuations being less extreme than in October.

02.08 / 19:35

Provident Reuters Fighting country voice Support Brazil's Lula voices support for more countries joining BRICS group

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

02.08 / 12:47

UPS Citi CAT CAD Indian Mahzooz Draw: Two Indian expats in Dubai win Dh20 million and Dh1 million in prize money

Indian expats won big this week in the UAE, with the first one getting Dh20 million in prize money while the other won Dh1 million at the latest Mahzooz Draw in Dubai, reported Gulf News. Feeling absolutely thrilled and happy after winning the big prizes, both winners have also urged others to try their luck at the draw. The first winner is Sachin, who originally comes from the city of Mumbai and is currently working as a CAD technician for a private company.

02.08 / 12:25

Provident Digital Apple social pension UAE pension authority GPSSA says August pension will be disbursed on 25th

General Pension and Social Security Authority (GPSSA) of the UAE has announced that pension for August 2023 will be disbursed on 25th August for beneficiaries and pensioners. For the month of July, GPSSA disbursed pension of AED 711,323,784, an increase of 8.1% compared to the same month last year, which was AED 657,587,929 in total.

02.08 / 11:23

Fitch UAE Dirham-Rupee rate today: INR drops to near one-month vs AED amid weak risk appetite

Against the US dollar, the Indian rupee posted its biggest one-day loss in nearly two months. The rupee ended the day at 82.58 against the US dollar, also weighed down by possibly dollar demand from importers.

01.08 / 23:04

COST UPS MET country cover Grant Saudi Arabia to grant Yemen $1.2 billion in economic aid

Saudi Arabia said it would grant $1.2 billion of financial aid to Yemen’s internationally recognized government in a bid to buoy the country's struggling economy

01.08 / 20:11

Provident Progressive country singer Moosewala murder case: Gangster Sachin Bishnoi extradited from Azerbaijan

Sachin Bishnoi, who was allegedly involved in the murder of Punjabi singer Sidhu Moosewala, was extradited from Azerbaijan and brought back to India on Tuesday, officials of the Delhi Police said. He was produced in a Delhi court, which remanded him in police custody for 10 days. Officers from the Delhi Police's Special Cell had travelled to the Azerbaijan capital Baku to monitor the progress in the case.

01.08 / 16:23

Binance IRS Tax TRON Customers Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

01.08 / 15:35

Provident Progressive Action Fighting Strategy voice COP28 UAE vows to allow 'peaceful' assembly of climate activists at COP28

The oil-rich UAE, set to host COP28 from November to December in the business hub of Dubai, requires official permission for protests but effectively bans demonstrations it deems disruptive. At the upcoming UN climate talks «there will be space available for climate activists to assemble peacefully and make their voices heard», it said. The announcement was made in a joint statement with the United Nations Framework Convention on Climate Change (UNFCCC) released on Tuesday and published by the UAE's official WAM news agency.

01.08 / 13:43

Citi Provident MET Cooper Fallout country UAE sends 250 tonnes of aid to Ukraine, plans another shipment of relief material

UAE has dispatched a ship carrying 250 tonnes of relief material to Ukraine, news agency Emirates News Agency reported. The aid shipment will first arrive in Poland and Romania by sea before being transported into Ukraine. It includes personal supplies, lighting equipment and blankets.

01.08 / 12:50

Citi Target electronic licence UAE 'one-day' driving licence test: 194 applicants benefit in this special drive

Here are conditions for taking the «one-day» driving licence The applicant for the service must be over seventeen years and six months old. The applicant has to open a traffic file through the MOI UAE (Ministry of Interior of United Arab Emirates) apps Attend theoretical classes (in-person and online) and pass the test Pass the practical training hours with an average of 10 training hours (5 hours for preliminary training, 5 hours for city training).

01.08 / 11:39

Provident Target Progressive Action COP country COP28 SOLIDARITY COP28, UNFCCC pledge efforts for transparency, solidarity in climate agenda

New Delhi: In a significant move towards promoting inclusivity and transparency, the COP28 Presidency and the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the host country agreement during a meeting in Abu Dhabi. “The COP28 presidency and the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the host country agreement, strengthening their joint commitment to inclusivity and transparency at COP28 that fosters solidarity and transformative progress across the climate agenda," the company said in a press release.

01.08 / 06:29

Target singer Sidhu Moosewala murder accused Sachin Bishnoi extradited to India from Azerbaijan

Sidhu Moosewala murder case accused Sachin Bishnoi alias Sachin Thapan was extradited to India from Baku, Azerbaijan on Tuesday by Delhi Police Special Cell. The National Investigation Agency (NIA) has arrested Vikramjeet Singh alias Vikram Brar, a key aide of jailed gangster Lawrence Bishnoi, following his deportation from the UAE to India, an official said on Wednesday.

31.07 / 15:39

Binance Regulations Crypto Exchange Binance Secures Operating License in Dubai- Here's the Latest

On Monday, Binance, the world's largest cryptocurrency exchange, secured the Operational MVP License to operate in Dubai after fulfilling the necessary pre-conditions since obtaining a preparatory license in September 2022.

31.07 / 14:47

UPS Target Celebrity 2024 Papua New Guinea qualify for ICC Men's T20 World Cup 2024

PNG) won all six of their matches in the ICC Men's T20 World Cup East Asia Pacific (EAP) Qualifier and have earned a spot in the ICC Men's T20 World Cup to be played in the West Indies and United States of America (USA) in June 2024. This is the second time that PNG has qualified for a Men's T20 World Cup, as per an ICC press release.

31.07 / 14:13

Provident Action Assurant show stage licence Broker Binance secures new Dubai-based licence to provide crypto broker-based facilities

Binance, a cryptocurrency exchange, has achieved a new Dubai-based licence based on its connections with United Arab Emirates’ regulators, as stated by Cointelegraph.

31.07 / 13:55

Blockchain crypto mining Crypto Mining Hardware Retailer Phoenix Technology Considers Public Listing in UAE

Leading cryptocurrency mining hardware provider, Phoenix Technology, based in the United Arab Emirates (UAE), is reportedly in preliminary discussions to conduct an initial public offering (IPO) in the country.

31.07 / 13:19

Cooper Citizens Aware country cover social Insurance protection extension system for GCC nationals: 10 things to know

General Pension and Social Security Authority (GPSSA) of the UAE has launched a unified campaign aimed at raising awareness on the insurance protection extension system for registered GCC or Gulf Cooperation Council nationals employed in the UAE. GCC is an economic alliance of six Gulf countries — Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and UAE.

31.07 / 12:53

FIVE Manufacturing Assurant Strategy Align stage cover foreign NOT IMF packages, foreign bailouts will not suffice to keep Pakistan economy afloat: Report

IMF agreement has prevented Pakistan from going into default, at least temporarily, it has also set off a vicious cycle that has happened a few dozen times before in the nation's history, reported The Diplomat. Saudi Arabia made a USD 2 billion deposit into the State Bank of Pakistan (SBP) after the IMF agreement, and the UAE had already committed to making a USD 1 billion contribution.

what's happening in Uae

What is the current situation in Uae?

In Uae, the spotlight is on major events that impact the interests of residents.

Where can I find reliable news about Uae?

We publish in-depth coverage about the situation in Uae, based on information from trusted sources.

What shapes the media agenda in Uae?

The news landscape of Uae is shaped by major cultural and social events, reflecting its local way of life.