Uae Financial News

Iranian authorities have shut down one of the offices of the country’s biggest e-commerce company and launched judicial procedures over the publication of photos showing female employees not wearing the Islamic headscarf

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

After France, UAE and Singapore, now our southern ... moreAfter France, UAE and Singapore, now our southern neighbour Sri Lanka is also set to accept India's Unified Payments Interface.

By Florence Tan

National Security Advisors (NSAs) of the BRICS member states will meet in South Africa from Monday to Wednesday and explore a security cooperation mechanism for the grouping amid several geopolitical security threats.NSA Ajit Doval is expected to meet senior Chinese diplomat Yang Jiechi on the sidelines of the event, which will be closely followed amid the Russia-Ukraine war. Yang is a former foreign minister and special representative for boundary talks with India. It is expected that impasse at the Line of Actual Control will be the key item on the agenda for the meet, said people aware of the matter.

By Angelo Amante and Keith Weir

Astra Air’ to air missile on the combat aircraft. The move, if implemented could prove to be a big step for the ‘Make in India’ initiative, wherein indigenously made weapons would be integrated into the globally popular fighter jet.  The French made Rafale Fighter jets are used by many countries including India, France, Egypt, Qatar and many others along with Greece, Croatia, UAE and Indonesia, have placed orders for these planes.

BRICS summit, NSA Doval will also bilateral meeting with Yang Jiechi. The meeting between Indian NSA and Chinese diplomat is prominent, especially given the Chinese aggression in East Ladakh in May 2020.  While China has been disengagement of troops in Galwan, Gogra-Hot Springs and Pangong Tso lake spurs areas, Chinese troops are yet to disengage from the Line of Actual Control (LAC) in East Ladakh. PLA has also increased its deployment in the Daulet Beg Oldi sector and is not allowing the Indian Army to patrol the Depsang Bulge areas and Chading Ninglung Nullah junction in Demchok.

Jonas Vingegaard emerged victorious in the demanding penultimate stage of the Tour de France, setting himself up for a potential second successive title. Despite a formidable challenge from Tadej Pogacar, who secured a stage win, the Danish cyclist held his ground and maintained an impressive lead of 7 minutes and 29 seconds over the Slovenian competitor. As the peloton approaches the ceremonial ride to the finish line on the iconic Champs Elysees in Paris, Vingegaard's outstanding performance has firmly positioned him as the frontrunner for the coveted title. His ability to navigate the grueling mountainous terrain and stay ahead of the competition has garnered admiration from fans and fellow cyclists alike. The Tour de France is renowned for testing the limits of physical and mental endurance, and Vingegaard's tenacity and skill have been evident throughout the race. With the finish line in sight, the cycling world eagerly anticipates witnessing the crowning moment of a potential second consecutive victory for the Danish champion.

By Rozanna Latiff

New Delhi: The COP28 UAE Presidency and the International Energy Agency (IEA) convened the first in a series of high-level dialogues in the run-up to COP28 around building a 1.5°C-aligned energy transition. The initiative is being carried out in collaboration with the International Renewable Energy Agency (IRENA) and will be supported by the United Nations Framework Convention on Climate Change (UNFCCC). The dialogues are intended to build consensus on 1.5°C-compatible energy transition pathways and the enabling conditions needed to achieve them, as well as momentum around the target energy outcomes for COP28.

Barbie' has been ruling at theatres across the world, but there is trouble brewing for the film in Pakistan, as Islamabad has taken a ban into consideration due to the film's LGBTQ+ themes. But the answer is not a definitive one because the movie is all the rage right now and something that has the audience's interest, but with many extremists opposing it, Pakistan's Punjab Censor Board has put a temporary ban on it due to what they consider «objectionable content.» According to Daily Pakistan, the ban on the movie will eventually be removed once the «objectionable content» is cut out of the movie.

Cryptocurrency exchange Bitget is set to expand its operations to the Middle East, with plans to hire up to 60 new staff members in the region.

Investing.com — OPEC’s bid for $80 and above oil got a boost from ally Russia this week as Moscow’s increasingly desperate offensives against Ukraine raised supply concerns in a market already besieged by the oil cartel’s rhetoric over cuts. 

The 173-kilometer Stage 19 of the 2023 Tour de France will see the distance between Moirans-en-Montagne to Poligny and it will skirt around the the Jura Mountains. The most exciting will be the pass of the Cote d'Ivoire with 30km remaining. Jonas Vingegaard of Team Jumbo-Visma is in the leading position and if he manages to keep things under his control, he may win the tour. Tadej Pogacar of the UAE Team Emirates has the unassailable 7'35" in the general classification.

Cerebras Systems has announced the signing of a deal worth around $100 million with G42, a technology group based in the United Arab Emirates (UAE). The agreement entails providing the initial installment of an artificial intelligence (AI) supercomputer, with the possibility of delivering up to nine more units, the company said in a statement on July 20. 

Prime Minister Narendra Modi will distribute more than 70,000 appointment letters to newly-inducted recruits on Saturday and address them via video conferencing, his office said. The Rozgar Mela will be held at 44 locations across the country. The recruitments are taking place across central government departments as well as state governments and Union Territories supporting this initiative, the Prime Minister's Office (PMO) said in a statement. Prime Minister Modi will distribute more than 70,000 appointment letters to newly-inducted recruits on July 22 at 10:30 am via video conferencing, the PMO said. He will also address these appointees on the occasion. The new recruits, selected from across the country will be joining the government in various ministries and departments, including the Department of Revenue, Department of Financial Services, Department of Posts, Department of School Education, Department of Higher Education, Ministry of Defence, Ministry of Health and Family Welfare, Central Public Sector Undertakings, Department of Water Resources, Department of Personnel and Training and the Ministry of Home Affairs, among others. The Rozgar Mela is a step towards the fulfilment of the commitment of the prime minister to accord the highest priority to employment generation, the statement said.

UPI) technology will now be accepted in neighbouring Sri Lanka. Apart from UPI's acceptance, several agreements were also exchanged between India and Sri Lanka in the presence of Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in the national capital on Friday. In India, the UPI payments system has become hugely popular for retail digital payments and its adoption is rapidly increasing across the world.

By Kate Abnett

foreign exchange reserves have surged to a nine-month high following a fresh financial bailout from the International Monetary Fund (IMF).  The country's reserves nearly doubled to $8.73 billion as of July 14, with inflows coming from the IMF and friendly nations like Saudi Arabia and the UAE. This is the highest reserve level since October when the central bank held $8.76 billion.

The U.S. has imposed sanctions on roughly 120 firms and people in an effort to choke off Moscow’s access to products, money and financial channels that support its continued invasion of Ukraine