Page 12 - Dubai

India Inc moves to Dubai in droves as emirate eases ownership rules

The CEPA aims to boost India-UAE bilateral trade to $100 billion in goods in the coming five years

Kerala-based IT firms secure business leads worth Rs 80 crore at GITEX

Over 2,000 business leads worth Rs 80 crore were generated by the IT companies from Kerala which took part in the recently concluded global IT exhibition (GITEX) at the Dubai World Trade Centre in the United Arab Emirates (UAE). Thirty IT companies from the three IT parks in Kerala -- Technopark, Infopark and Cyberpark -- showcased their products and service at the GITEX. "Nearly two dozen business deals have been finalised by various companies during the 5-day event," Kerala IT Parks said in a release. The pavilion of the Kerala IT parks at the expo was organised by group of technology companies (GTech), an industry body of IT and business process management (BPM) organisations in Kerala, it said. The event attracting the best IT talent and IT solution seeking entrepreneurs from around the globe was a perfect platform to network and partner up with a number of entities. CEO of Kerala IT Parks Snehil Kumar Singh said the IT sector in the State was witnessing fast-paced growth and

RIL to demerge subsidiary RPPMSL's EPC business, combine it with its own

The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group

Mukesh Ambani purchases beach-side Palm Jumeirah villa in Dubai for $163 mn

The billionaire has been snapping up properties overseas, increasingly looking westward for second homes

Largest ever contingent of India Inc participates in GITEX Global 2022

India had the highest number of participating companies after the host, UAE, at the four-day event

Dubai's $73,000 a year villa rentals come with a warning: Report

The average annual rent for a villa, or family home, in the emirate reached 268,758 dirhams ($73,171) last month after prices jumped 26% in the year through September

Planning to visit Qatar for FIFA 2022 World Cup? Here's where to stay

People making last-minute plans have a wide range of options - from all-inclusive, five-star hotels to hostel-like rooms for $80 a night

Rich Indians rush overseas to open family offices as risks rise at home

Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation

Nykaa, Dubai's Apparel Group forge GCC alliance to build multi-beauty brand

Indian cosmetics and fashion retailer Nykaa on Thursday entered a strategic alliance with Dubai-based fashion and lifestyle retail conglomerate Apparel Group to expand in Gulf countries

UAE's Minister of Tolerance inaugurates Dubai's new Hindu temple

A decade-long Indian dream of a Hindu temple in the Jebel Ali area was fulfilled on Tuesday after UAE's Minister of Tolerance Sheikh Nahyan bin Mubarak Al Nahyan inaugurated a new Hindu temple.

Dubai's new Hindu temple set to welcome visitors for Dussehra festival

A new Hindu temple constructed in Jebel Ali in Dubai is set to open on Tuesday, one day ahead of the Dussehra festival

Direct flight from Vijayawada to Dubai to start from Oct 29: AAC

A direct flight from Vijayawada to Dubai will be started from October 29, officials announced in the Airport Advisory Committee (AAC) meeting held on Saturday. The meeting was held at Gannavaram Airport in Krishna district. The panel also discussed several key issues that were affecting passengers, such as baggage delivery. The committee chairman and Machilipatnam MP Bala Showri V reviewed aspects like the ongoing development work at airports, including the modernisation of the new terminal, passenger facilities, and a new proposal for constructing a community hall. The committee decided to commence a direct flight from Vijayawada to Dubai, which will be started October 29 onwards. The flight will operate twice a week. Flights from Vijayawada to Mumbai, and from Vijayawada to Varanasi, already in operation, will be reconsidered. An additional flight from Vijayawada to Delhi will also be started soon, it was decided in the meeting. Ranjith Basha, Krishna district Collector, P Ja

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

Dubai-based Mark ab Capital invests Rs 350 crore in Shriram EPC equity

The Dubai-based company has bought 26.48% stake in the turnkey solutions firm and has become its promoter

Dubai court orders man to pay $1.25 bn to Denmark in tax fraud case

A British man accused by Denmark of masterminding a USD 1.7 billion tax fraud has been ordered by a Dubai court to pay Copenhagen's tax authority USD 1.25 billion, court filings seen on Friday show, just days after another Dubai court rejected an extradition order for him. The order by the Dubai Court of Appeal against Sanjay Shah comes as part of a civil case filed four years ago by Denmark's tax authority, who have been pursuing him as part of their investigation in one of the country's largest-ever tax fraud case. Shah has maintained his innocence in the case while fighting extradition. Lawyers representing Shah in the separate civil case did not immediately respond to a request for comment Friday. Denmark has accused Shah of masterminding an elaborate tax scheme for three years beginning in 2012 involving foreign businesses pretending to own shares in Danish companies and claiming tax refunds for which they were not eligible. The Danish tax authority, Skattestyrelsen, filed the

Asia Cup 2022 points table: Sri Lanka stays on top of the table

Asia Cup 2022 Points table: Sri Lanka defeated Pakistan in the second last game of the tournament. Read this detailed report to know everything about Asia Cup 2022 points table and matches

Office rents in Dubai rebounding, rising faster than in New York, London

Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.

IND vs SL Asia Cup Super Four Highlights: Sri Lanka win by six wickets

India vs Sri Lanka Asia Cup Super Four Highlights: Sri Lanka won a thrilling encounter as Bhanuka Rajapaksa and Dausn Shanaka kept their cool to chase down 174 and win the game by six wickets

Dubai office rents are rising faster than in New York and London: Report

The rush for office space in the emirate is on show in skyscrapers like ICD Brookfield Place, which towers 800 feet over the financial district

Danish national contests extradition in $1.7 billion fraud case in Dubai

The lawyer of a British man who was arrested in Dubai for allegedly masterminding a USD 1.7 billion tax scheme in Denmark asked judges on Monday not to extradite him. Denmark wants hedge fund trader Sanjay Shah extradited from the United Arab Emirates, but Shah's lawyer, Ali al-Zarooni, argued in court that an international extradition treaty between the two countries is still not active in the UAE. Speaking in front of three judges in a session behind closed doors, al-Zarooni asked the court to deny the extradition request. Al-Zarooni told The Associated Press after the hearing that he believed Denmark had breached international treaties regarding extradition pursuing its request. Danish officials signed an agreement in March allowing for extradition between the UAE and Denmark. Shah has maintained his innocence in interviews with journalists while living in Dubai over the last few years. The hedge fund manager had run a center for autistic children in Dubai that shut down in 2020