The Supreme Court has scheduled a July hearing for the Rs 500 crore money decree case involving Ras Al Khaimah Investment Authority (RAKIA) and industrialist Nimmagadda Prasad, following the failure of a mediation process led by former Chief Justice of India U U Lalit.
Delhi Police busted an illegal forex trading call centre in Indore, arresting six individuals involved in defrauding victims nationwide through fake online investment schemes. The syndicate allegedly used a fake trading platform to lure people into investing in forex and online trading products, showing fabricated profits and gains.
Escalating geopolitical tensions in West Asia are prompting investors with exposure to Dubai's real estate market to reassess their portfolios. And, in this rejig, India is emerging as a stable destination for capital investment and long-term growth.
Russian President Vladimir Putin's visit to India this week aims to secure energy supplies, stabilise defence deliveries and ensure bilateral trade continues smoothly despite strong Western sanctions, GTRI said on Tuesday.
The 20 league matches will be split between Dubai and Sharjah with the semi-finals slated for Dubai and Sharjah on October 17 and 18 respectively. The final will be played in Dubai.
Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.
Following attacks in West Asia, hundreds of Indians, including prominent personalities, are stranded in Dubai and other key hub airports due to flight disruptions, prompting appeals for government assistance.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
Perception could prove to be another blow for Indian workers, for whom the UAE was the most important destination last year. Indians such as Venkat constituted 42.3 per cent of the UAE's labour force in 2008.
Higher discounts on crude oil offered by the United Arab Emirates (UAE) to wean India away from Russian crude may soon see Indian refiners ramping up purchases from the Gulf nation, officials at multiple refiners said. They also pointed to the recent agreement on trade settlement in national currencies signed between India and the UAE as a reason for this. "While discussions are underway, the UAE has offered discounts on crude, which will be more than that of the current level of Russian discounts.
India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. Multiple officials and industry executives said Iraq, which is India's biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. India's focus on snapping up ever-increasing volumes of Russian crude oil has led to a corresponding decline in imports from the Middle East. Flows from Iraq, Saudi Arabia, and the UAE have suffered as a result.
India, China, US and Japan have topped the list of exporting counties to the UAE in March 2010 with a total export value of 24.6 billion dirhams - 60 per cent of the total value of the country's imports.
India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries, for a sixth straight month by supplying more than one-third of all oil India imported, according to energy cargo tracker Vortexa.
There is no payment problem for Russian crude, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday. He said there is no proposal to cut retail fuel prices at the moment. Addressing a press conference, the minister said India enjoys a buyers' position and foreign suppliers are approaching Indian companies with offers to sell oil.
India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa. Russia now makes up for nearly 42 per cent of all crude oil India imported in May.
The family that used to make the legendary sports car wants to bring the same design panache to luxury flats.
Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72 per cent share of all crude oil India imported in April 2022. This share slid to 46 per cent in April 2023, according to energy cargo tracker Vortexa.
India became the UAE's largest trading partner in 2009, ousting China from the top position and accounting for nearly 15 per cent of the countrys total commercial exchanges, a new study has revealed.
The Indian embassy in the UAE and UAE Post in deal to send passports or other documents to the applicants after consular services for a nominal fee.
India is the largest recipient of remittances in the world.
India features in the list of top 10 exporters to the UAE in November, 2010, with a total value of $6.9 billion (25.4 billion dirhams), or 63 per cent of UAE imports, the country's Federal Customs Authority (FCA) has said.
Indian expatriates in UAE have raised a fund of over Rs 62 lakh to help fellow countrymen languishing in prisons because of their inability to pay blood money.
The Expat Economic survey, part of HSBC's Expat Explorer Survey of 4,100 expats from 100 countries, ranked 25 countries on scores linked to annual income, monthly disposable income, and a measure of defined luxuries. However, last year has been difficult for foreigners in UAE.
'It made me sad that these people had to spend a minimum of 20 dirhams from the meagre 800 dirhams they get, to pray.' 'God had helped me many times in my life, it was my duty to help these people.' The incredible story of Saji Cherian.
Becks Krishnan was saved by prominent NRI businessman and philanthropist M A Yusuffali who helped to pay his "blood money" amounting nearly Rs 1 crore.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
China came in second with 29 billion dirhams at 12 per cent, followed by the US which contributed eight per cent to the total imports with a value of 18.7 billion dirhams. Germany and Japan scored 12 billion dirhams and 11 billion dirhams of imports values, respectively.
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
This money was found wrapped in newspapers and was concealed in their check-in baggage.
For many, he is the Dhirubhai Ambani of Kerala. For others, he is the most influential Indian in West Asia. M A Yusuff is back in the spotlight after the controversy surrounding the UAE's reported offer of a Rs 7 billion aid package for flood-hit Kerala.
The accused -- Lemos, his wife Valany and Ryan D'Souza -- were convicted on Sunday by the Dubai Misdemeanours Court in the 515 cases filed against them
'Please mention my phone number in your article: +97-144479988.' And if you know of a person who is stuck in a UAE jail, then tell his relatives to call me.' 'I will help them for sure.'
The Kerala-born businessman is the latest in a slew of foreign buyers who have shaken off mounting fears of a 'Brexit' from the European Union
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
The famous Shri Saibaba Sansthan Trust has witnessed a steady rise in its fortunes in the form of donations from devotees over the last few years, a senior official of the organisation said on Friday.
In a bid to link the seven emirates and bring their various industrial clusters into one grid, the United Arab Emitates' Union Railway will construct a 1,300-km network estimated at $8.16 billion spanning the entire region.
What is more surprising is that a surge in Russian oil supplies has come after the G7 imposed stringent sanctions on Moscow.
However, they have to deposit a bank guarantee of 5,000 dirhams ($136) for each family member with the Department of Naturalisation and Residency, a Khaleej Times report said quoting official sources.
