Uae Financial News

A spokesperson of the Immigration department at Karachi's Jinnah International Airport said, among them, 14 had Pakistani passports, while 244 were deported on emergency travel documents. «We arrested 16 deportees at the Karachi airport, including one with a suspicious identity, while the rest were released after questioning,» he said.

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged

Indian artisanal gin, single malt and coffee liqueur brands are planning to ramp up exports this year by debuting in new markets and categories.

Donald Trump on Tuesday announced a $20 billion investment for data centres in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family. The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last month by the Japanese billionaire investor Masayoshi Son, while at Trump's side, to invest $100 billion in the United States.

Subscribe to enjoy similar stories. Bayt al-Hikma, or the House of Wisdom in Baghdad, emerged in the ninth century—even before the Accademia dei Lincei in Rome, widely considered the first academy of sciences. The Banu Musa brothers, sons of an astronomer in Baghdad, created the first machine with a stored program there and scientific textbooks from the institute were translated and made their way to Europe.

Hussain Sajwani has promised $20 billion in upcoming investments to strengthen this vital industry.

Subscribe to enjoy similar stories. Alpha Wave Global-backed payments fintech Mswipe is expanding its international network into three new regions to take advantage of higher margins, said co-founder and chief executive Ketan Patel, following a series of pivots in the business and marginal growth in revenue in the last fiscal. The company plans to expand into the UK, Malaysia, Nepal, and other markets within the next six months, following its successful entry into the United Arab Emirates (UAE) and Singapore in 2024, Patel told Mint on 31 December.

Russia, putting a spotlight on shifting export patterns as traders focus on the global market’s prospects in 2025.

minimum export price (MEP) of $2,000 per tonne on natural honey for one more year till December next year. Exports below this MEP value are not permitted.

National Centre of Meteorology (NCM). A surface low-pressure system extending from the Southeast will interact with an upper air low-pressure system, accompanied by a cold air mass and strong upper-air winds from the West. This combination is likely to lead to the development of clouds in various parts of the country, with the potential for convective activity at times. Partly cloudy to cloudy conditions are anticipated, with a chance of rainfall at intervals over some coastal areas, islands, and the Northern and Eastern regions.

I2U2 Group, a groundbreaking quadrilateral partnership between India, Israel, the United Arab Emirates, and the United States. The event, titled «I2U2: Towards a Transformative Quadrilateral Partnership», brought together distinguished experts who explored the partnership's role in reshaping international cooperation and economic integration. The event held virtually was organised by the CUTS International, a leading public policy body of India. In his opening remarks, Pradeep S Mehta, Secretary General of CUTS International, emphasised the partnership's innovative approach, noting that «I2U2 deliberately sidesteps traditional conflict narratives. Instead of focusing on historical tensions or regional disputes, the I2U2 partnership prioritises pragmatic economic cooperation and technological innovation.»

UAE) and Kuwait at the Dubai International Cricket Stadium, Dubai at 8 pm IST. Oman had become the inaugural champions of the Gulf Cricket T20I Championship after beating UAE by five wickets in the final in September 2023.

Middle East. Prince Andrew hasn't exactly had a great December, or decade, when it comes to royal scandals. Following Andrew's forced withdrawal from the King's Christmas lunch and his decision to skip the Sandringham holidays due to the Duke of York's alleged ties to Chinese spy Yango Tengbo, it appears that the only people standing by him are his ex-wife Sarah Ferguson and their daughters Princess Beatrice and Princess Eugenie, as quoted in a report by Marie Claire. According to the Daily Beast, Prince Andrew's predicament has gotten so bad that some of his friends are even considering leaving the nation.

capital expenditure and to invest in overseas subsidiaries, and Rs 325 crore through an offer for sale by promoters and an investor. The promoter group's stake will fall to 51.4% after the IPO from 60.9%. The company has international operations and operates in a high potential sector. However, it needs to show consistency in financial performance. Risk averse investors therefore need to wait for a sustainable trend in financials before making an investment decision.

Jindal Saw on Tuesday said it has inked a pact to acquire 31.20 per cent equity in ReNew Green Energy. However, the company did not divulge the financial details of this equity acquisition. In a filing, Jindal Saw said, «It has entered into a share purchase agreement with ReNew Green Energy Solutions Private Limited (RGES) to acquire shareholding up to 31.20 per cent equity share capital in ReNew Green MHH One Private Limited (RGMHH), which resulted RGMHH as an associate of the company». The acquisition is with an objective to procure electricity at a concessional rate, the company said.

precious metals from its free trade agreements (FTA) so as to curb speculative imports, safeguard foreign exchange reserves and protect India’s trade balance and economic resilience, think tank Global Trade Research Initiative (GTRI) said Tuesday. Gold imports reached a staggering $14.9 billion in November 2024, accounting for 21.2% of India’s total merchandise imports of $70 billion and for the first time, gold surpassed crude petroleum as the country’s largest single import item. Most gold enters India as bars and rods with 99.99% purity, but traders are also using other tariff-free or concessional categories to bypass import duties such as platinum alloys from Dubai, gold compounds and noble metal solutions from Japan, and gold and silver jewelry from Indonesia. These routes push actual gold imports to much higher levels than official figures suggest.

Air India aircraft, evocatively named the Emperor Ashoka, way back in 1972. Needless to add it left a deep impression on my six-year-old mind, not only because of the dimension of a Boeing 747 ('Jumbo') but the regal ambience, the glamorous, poised cabin crew, and even the food.