India allots 180-tonne gold import quota from UAE under CEPA for FY26 at 5% duty. DGFT received 2,960 applications—25 times the quota—rejecting 1,400 amid controversy over turnover criteria.
Dubai Gold can come only through agencies nominated under CEPA
India has restricted gold and silver imports in specific forms to curb misuse of the India-UAE CEPA. The move, following a Budget FY26 announcement, aims to prevent gold imports disguised as platinum …
UAE chase record 206 in Sharjah, beat Bangladesh for first time in T20I cricket
The UAE pulled off their highest-ever T20I chase to beat Bangladesh for the first time in T20I cricket. Captain Muhammad Waseem led from the front with a blistering 82 in Sharjah.
UAE’s Emirates NBD bank to set up local unit in India after RBI approval
The Reserve Bank of India has given “in-principle” approval to Emirates NBD Bank PJSC to set up a wholly owned unit in India, the central bank said on Monday. Emirates NBD, Dubai’s biggest bank by …
Mumbai Consumer Panel Dismisses Trans Woman’s Complaint Against UAE Consulate Over Dubai Entry Denial
After reviewing the documents on record, the Commission acknowledged that although the complainant had been issued a valid visa, immigration authorities in Dubai retain the discretion to deny entry, …
DIFC, IPEM join forces to advance global private markets ecosystem in Dubai
Dubai International Financial Centre (DIFC) continues to solidify its role as a global hub for long-term capital deployment by signing an agreement at the Dubai FinTech Summit with the International …
Ethereum could surprise haters, Arthur Hayes bets big on ETH
Arthur Hayes, co-founder of BitMEX, told Fortune Crypto in an interview that he is bullish on Ether and the altcoin could beat Solana in 2025. In their thesis, analysts at CryptoQuant suggest a …
ETH on the Rise: Bybit x Block Scholes Report Reveals Optimistic Market Signals
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released a new weekly crypto derivatives analytics report in collaboration …
Ripple Expands in UAE with Zand Bank, Mamo Partnerships
Ripple expands in UAE with DFSA license, Zand Bank stablecoin, and Mamo partnership to boost blockchain-based cross-border payment solutions.
Abraaj Restaurants Group Announces It Has Become The First Bitcoin Treasury Company In The Middle East
Al Abraaj has acquired an initial amount of 5 Bitcoin. In alignment with the evolving financial landscape and the growing institutional interest in Bitcoin, Al Abraaj will build on this initial …
Arthur Hayes on Bitcoin’s route to $200,000, holding gold and why ‘hated’ Ethereum is due for a comeback
Arthur Hayes is a famous figure from the early days of Bitcoin, who co-founded the off-shore BitMEX exchange in 2014 before running afoul of U.S. regulators. Hayes recently pleaded guilty to failing …
UAE pull off historic chase to stun Bangladesh in Sharjah thriller
UAE stunned Bangladesh in a dramatic finish to the second T20I, chasing down a record 206 with just one ball and two wickets to spare at the Sharjah Cricket Stadium on Monday night.
Donald Trump Calls Disney Abu Dhabi Resort “Incredible” After Meeting With Bob Iger
During his visit to Abu Dhabi last week, Donald Trump made a passing reference to a meeting he had days earlier with Walt Disney Co. CEO Bob Iger. Iger, Trump said, showed him recently announced plans …
Pentagon touts major defense partnership with United Arab Emirates
The Trump administration plans to establish a “Major Defense Partnership” with the United Arab Emirates (UAE), bilateral cooperation that could mean joint weapons development and closer military …
Nvidia, UAE’s MGX Plan to Build Europe’s Largest Data Center
Nvidia Corp. and Abu Dhabi investment vehicle MGX are partnering with French firms to establish what they say will be Europe’s largest artificial intelligence data center campus, advancing French and …
AI fuels Dubai’s property boom; draws millennial buyers
Dubai’s property market, long an epitome of architectural marvels and reimagined luxury, is undergoing a seismic shift, not through towering skyscrapers or sprawling waterfront estates, but through …
Dubai property scam: 28-year-old remanded over $61,900 fraud
A 28-year-old Ugandan man residing in Lamtara 1, Jumeirah, Dubai, has been remanded to Luzira Prison for allegedly defrauding a Uganda People’s Defence Forces (UPDF) officer of over $61,900 …