Uae Financial News

11.07 / 02:13

regulation exchanges BitOasis Suspends Dubai crypto regulator suspends BitOasis crypto exchange license

Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority.

10.07 / 13:59

Target CEO Platform Consumer benefits marketplace Thriwe targets Rs 1000 crore in revenues by 2025

Thriwe, a consumer benefits marketplace, said it will achieve annual revenues of Rs1000 crore by 2025, driven by travel boom and expansion in newer markets. At present, Thriwe has covered nearly 70% of the market in India and UAE and the company is planning to expand its business in Middle East and SouthEast Asian countries, which have high potential and sizable markets. «We are increasingly adopting AI tools in understanding the needs of the customer.

09.07 / 20:11

FIVE VISA reports Indian Europe rejected more than 1 lac Indian visa request last year: Reports

According to Schengen Statistics, Algerian nationals were refused Schengen visa applications the most in 2022, with a total of 179,409 visas not being issued with the total rate of not issued uniform visas reaching 45.8 per cent. The list of top ten countries with the highest Schengen visa rejection rates for 2022 also included countries like Turkey, Morocco and Russia, which had 120,876, 119,346 and 68,753 visa applications rejected, respectively.

09.07 / 18:53

UPS Target DPIIT identifies 106 firms across sectors from 30 countries under strategic investment targets

PTI. "An outreach was conducted through the ministry and meetings and video conferences are being set up with the leadership of these companies," the news agency quoted an official as saying, who added there is also a plan to engage with people of Indian origin (PIO) under the initiative.

09.07 / 09:35

Target Software Strategic investment targets initiative: DPIIT identifies 106 companies across sectors from 30 countries

DPIIT) has identified as many as 106 companies across sectors from 30 countries under its strategic investment targets initiative, an official said. The initiative is aimed at promoting investments in the country. The initiative was recently discussed during a meeting convened by the Commerce and Industry ministry with industry and exporters.

09.07 / 02:03

Citizens Progressive Google National committee National Election Committee announces electoral college lists for FNC elections 2023

National Election Committee (NEC) today announced the lists of the electoral college members from all emirates for the 2023 Federal National Council (FNC) elections, which features 398,879 members, marking an 18.1 per cent hike over the 2019 lists that included 337,738 Emirati electors. The representation of Emirati women in the electoral college for 2023 has increased by 51 per cent, compared to 49 per cent for men, the NEC said, adding that the electoral college lists have a significant representation of electors in the 21-40 age category (55 per cent), reflecting the crucial role of youth in the UAE's progress.

07.07 / 19:17

Indian Some Indian refiners paying Russian oil suppliers in Yuan

Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands from suppliers, according to people familiar with the matter. Indian refiners pay for most of most of the Russian oil in dollars but some cargoes that are priced above the G7 price cap of $60 per barrel are paid for in non-dollar currency to avoid the US scrutiny. So far, it was UAE's dirham that Indian refiners used for paying Russian suppliers but now at least two refiners have paid in Chinese Yuan as well, according to people familiar with the matter.

07.07 / 17:07

UPS Action Shell Slash Climate talks chief urges oil producing states to slash emissions

The president of this year’s United Nations’ climate talks urged the oil and gas industry Thursday to reach net zero greenhouse gas emissions by or before 2050 in a speech to oil producing states

07.07 / 02:01

UPS Target Manufacturing Platform Pool Indian Modi’s push to take Indian rupee global gets off to a slow start

India’s year-old campaign to boost the rupee’s role in cross-border payments has made little headway, according to people familiar with the matter, underscoring the challenges for countries trying to reduce their dependence on the dollar. The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters such as the UAE and Saudi Arabia to South Asian nations to accept the Indian currency for trade settlements.

06.07 / 12:43

UPS BTC Lowe's Digital Bitcoin Bitcoin Mining Activity Sees Huge Surge in UAE – Here’s the Latest

Bitcoin mining companies have been looking for a suitable region to call home ever since they were forced to leave China.

06.07 / 10:27

Mining regulation Bitcoin UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (BTC) mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate.

06.07 / 10:09

UPS FIVE VISA Gap Software foreign Romania’s hot economy is attracting foreign workers

economy has been growing steadily for a decade, last year by 4.7%. In 2010 GDP per person, adjusted for prices, was 53% of the EU average; by 2021 it was 74%. Meanwhile the population shrank from 23.2m in 1990 to 19m today.

05.07 / 17:07

Cooper Gap FDI in developing countries stood at $662billion in 2022: UNCTAD

coronavirus pandemic in 2020, the report stated. Among the developing countries in Asia, incoming FDI was highly concentrated in a few countries, namely, China (and Hong Kong), Singapore, India, and United Arab Emirates (UAE), which together accounted for about 80% of inflows into the region.

05.07 / 16:51

UPS Software FDI inflows from traditional sources see a decline in FY23

₹48,895 crore, down from ₹69,945 crore registered in the previous fiscal. FDI from the US stood at ₹48,666 crore, down from ₹78,527 crore in FY22. FDI from the Netherlands declined to ₹ 19,855 crore from ₹34,442 croreand inflows from Caymen Islands declined to ₹6,069 crore from ₹28,383 crore.

05.07 / 16:51

Citi Target Digital Amazon Aware Amazon Global Selling to surpass $8 bn in cumulative exports from India in 2023

NEW DELHI : Exports by Indian sellers to Amazon marketplaces the world over are on track to surpass $8 billion in 2023, said a top executive at the company. The business update comes over a year after the global e-commerce marketplace had doubled targets to achieve $20 billion in cumulative e-commerce exports from India by 2025. The update is part of Amazon Global Selling, the retailer’s e-commerce exports program, that has grown to more than 1.25 lakh Indian exporters since its launch in 2015.

05.07 / 16:29

UPS Provident Gap Oil rallies as trader weigh latest OPEC+ gambit

Oil rose as traders weighed Saudi Arabian and Russian production cuts after a slew of low-volume trading sessions.

05.07 / 16:19

Crime Charity Africa Royalties Cross-border Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments

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

05.07 / 14:27

CBDC digital rupee RBI Payment Cross-border India Fosters Global Cross-Border Payments For The Digital Rupee

The Reserve Bank of India (RBI) is on course to expand the frontiers of its Central Bank Digital Currency (CBDC), the “digital rupee” as it negotiates with foreign countries to adopt cross-border payment systems.

05.07 / 14:03

Provident Platform CBS RAI Time Spain U21 vs Ukraine U21 live streaming: Date, time, how to watch Euro U21 Semifinal 2023

Egypt: 9:00 PM France: 9:00 PM Israel: 10:00 PM Italy: 9:00 PM Morocco: 9:00 PM Norway: 9:00 PM Poland: 9:00 PM Portugal: 8:00 PM Saudi Arabia: 10:00 PM Serbia: 9:00 PM Spain: 9:00 PM Sweden: 9:00 PM Switzerland: 9:00 PM Ukraine: 10:00 PM United Arab Emirates: 11:00 PM United States: 3:00 PM (Eastern Time)

05.07 / 12:33

Adoption regulation Hedera Support UAE free zone teams up with HBAR Foundation to support Web3 startups

RAK Digital Assets Oasis (RAK DAO), a free zone in the United Arab Emirates (UAE) dedicated to crypto companies, has signed a memorandum of understanding (MOU) with the HBAR Foundation to support its ecosystem members through a grant program and by providing assistance in leveraging the Hedera blockchain.

05.07 / 12:29

Cooper Gap Developing countries in Asia attracted FDI worth $662 bn in 2022: UNCTAD

New Delhi: Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, UNCTAD’s World Investment Report 2023 on Wednesday said. FDI inflows were higher in developing countries compared with those in developed economies.

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