HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre branch by the local regulator. HDFC Bank, India's largest private sector lender, said it has initiated the necessary steps to comply with the notice of the Dubai Financial Services Authority and added that it does not see any material impact from it.
IL&FS, which has a mandate to sponsor, develop and commercialise infrastructure projects and provide value-added financial services, will seek to provide a wide range of investment banking services to cater to the needs of Indian and international customers in Middle East and African markets.
Dubai Reliance Capital, the financial services arm of Anil Dhirubhai Ambani Group, plans to expand its operations in the Middle East, chief executive Sam Ghosh has said.
In its never-ending quest to break records, Dubai announced the opening of the "world's new tallest hotel" -- the Gevora Hotel on Sunday. Located on the Sheikh Zayed Road near the Dubai International Financial Centre, the 356-metre tall structure, built by Majid Al Attar, consists of 75 floors, 232 deluxe rooms, 265 one-bed room deluxe and 31 two-bedroom suites.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
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