Page 3 - Dubai

Leela Palaces acquires 25% stake in Dubai's Sofitel The Palm FZE

Leela Palaces, Hotels and Resorts has taken its first major step overseas with a 25 per cent stake in Sofitel The Palm FZE, a luxury beachfront property on Palm Jumeirah

L N Mittal leaves UK ahead of proposed taxes on super-rich: Report

Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country's richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shake-up for the super-rich nears, according to a UK media report on Sunday. Rajasthan-born Mittal is a resident in Switzerland for tax and will now spend much of his future in Dubai, according to the The Sunday Times'. The founder of ArcelorMittal steelworks is worth an estimated 15.4 billion pounds as per the 2025 Sunday Times Rich List', which ranked him the UK's eighth richest man. Now, the newspaper references sources close to the 75-year-old industrialist to claim he has become the latest billionaire to leave the UK ahead of a much-anticipated Budget by Chancellor Rachel Reeves on Wednesday. Mittal already has a mansion in Dubai and has now bought up tracts of an intriguing development on the nearby Naa Island in the United Arab Emirates (UAE), the newspaper claims. The n

Dubai approves 2026-28 budget, with $82.41 billion in expenditures

The state news agency described the budget cycle for Dubai, one of the seven emirates of the United Arab Emirates and a regional trade and tourism hub, as the largest in the Gulf country's history

Who was Wg Cdr Namansh Syal, the IAF pilot killed in Dubai Tejas crash?

Wing Commander Namansh Syal, 37, was performing a low-level aerobatic manoeuvre when the LCA Mk-1 went down; IAF has ordered court of inquiry as Himachal mourns loss of its decorated officer

IAF pilot dies as Tejas jet crashes during display at Dubai Airshow

Second known peacetime incident involving Indian-made combat jet

Dubai's Boo Boo Laand to debut in India with Mumbai launch by 2026

The Dubai-based luxury kids' entertainment brand will open its first Indian venue at Jio World Plaza in Mumbai by 2026, with Rs 110 crore earmarked for expansion over three years

RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking

The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank

IIHL inducts Dubai-based Indian businessman Vachani to Board of Directors

The IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank in India and the recently acquired IIHL Bank & Trust, Bahamas, in its recently concluded board meeting announced the induction of Kamal Vachani to its Board of Directors. IIHL is the Mauritius-based platform, conceived and promoted by the Hinduja Family along with several hundred super high net worth individuals of the Indian diaspora. Kamal Vachani is the partner of the Dubai-based Al Maya Group with business interests across the retail sector. Speaking on his induction to the board, Ashok P Hinduja, Chairman, IIHL, stated, With his rich experience in UAE and GCC (Gulf Cooperation Council) and a significant number of our shareholders there, they would be well represented by Kamal, as IIHL seeks to build and consolidate its footprint across several financial services and para banking sectors like insurance, asset management, securities, private wealth, etc to be a global financial powerhouse. In line

IHC is taking responsibility for debt: Sammaan Capital MD & CEO Gagan Banga

Gagan Banga spoke to outline what the investment means for the company and how it plans to leverage this capital to expand its business

Dubai's top Indian jewellery importer cuts volumes 30% as gold prices soar

Bafleh Jewellery, one of the Middle East's largest importers of Indian jewellery, is shifting to lightweight designs and lower-karat gold as soaring bullion prices squeeze demand across key markets. The company's Managing Director Ramesh Vora said the Dubai-based company has imported 600-700 kilograms of jewellery from India in the first eight months of the current financial year, compared to 1.2 tonnes for all of last year. While import values have increased, volumes have dropped 20-30 per cent as gold prices surged from USD 2,200-2,500 per ounce to USD 3,600 within three months. "People cannot afford it anymore. We're thinking gold might even reach USD 4,000," Vora told PTI at a recent Saudi Arabia Jewellery Exhibition (SAJEX). The company plans to introduce 14-karat jewellery next month, working with suppliers in Kolkata and Delhi to maintain colour quality while reducing gold content. The strategy shift reflects broader challenges facing jewellery importers as volatile gold pr

UPI-UPU integration launched in Dubai to speed up cross-border remittances

Union Minister for Communication Jyotiraditya M Scindia on Monday unveiled the UPIUPU Integration project here, described as a landmark initiative aimed at transforming cross-border remittances for millions worldwide. The initiative was launched at the 28th Universal Postal Congress. Developed by the Department of Posts (DoP), NPCI International Payments Limited (NIPL), and the Universal Postal Union (UPU), it integrates India's Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP), combining the reach of the postal network with the speed and affordability of UPI. Addressing the event, Scindia called it more than a technology launch, but a social compact. The reliability of the postal network combined with the speed of UPI means families across borders can send money faster, safer and at much lower cost. It reaffirms that public infrastructure built for citizens can be linked across borders to serve humanity better, he said. He outlined India's vision for a .

Interpol issues NCB's 'Silver Notice' against Dubai-based drug trafficker

The Narcotics Control Bureau (NCB) on Thursday said it has got its first 'Silver Notice' published by Interpol, the global police body, against a Dubai-based Indian "drug trafficker" named Pawan Thakur. Thakur is wanted by the federal anti-narcotics agency in connection with a case related to the recovery of 82 kgs of cocaine from Delhi in November 2024. "The NCB, in close coordination with the Interpol, has successfully published a first Silver Notice and that is against an accused named Pawan Thakur," the agency said in a statement. Thakur is a "fugitive" and the "mastermind" behind the import, export, and trafficking of cocaine seized in last November in Delhi, it said. "He arranged for the consignment's import through an Indian port and facilitated its onward movement to Delhi by road. "His associates managed warehousing and custodianship of the contraband in Delhi, while he personally mediated among handlers to ensure smooth distribution," the NCB said. The 'Silver Notice' c

Who is Sheikha Mahra? Dubai princess engaged to rapper French Montana

French Montana and Dubai's Sheikha Mahra have taken their relationship to the next step, announcing their engagement after her much-talked-about divorce

Heat no excuse at Dubai's Mallathon: Creative solution for summer exercise

The city has turned its shopping malls into indoor walking and jogging tracks every morning to encourage people not to give up on exercise during the scorching summer months - an idea worth emulating

Wealthy investors bet on Dubai, Abu Dhabi despite regional risks

The cities, both part of the United Arab Emirates, have become irresistible for the world's richest people

MP CM discusses 3.0 GW solar project with Grew Energy CEO in Dubai

The discussions centred on the 3.0 gigawatt solar cell project in the state's Narmadapuram district, which is expected to create over 700 jobs

UAE's ₹23L Golden Visa stuns Indians-memes, dreams and drama follow

The UAE's new Golden Visa scheme has transformed Indian social media into a meme battlefield. Here are some of the funniest reactions flooding across the internet

Mercedes + UAE Golden Visa now a cheaper combo than just car deal in India

At ₹1 crore, buying a Mercedes in India now costs more than getting the same car in Dubai-plus a UAE Golden Visa under its new nomination-based residency scheme

Dubai's restaurant boom faces rising costs and market saturation

From suspended tables to underwater lounges, some 13,000 food and drink establishments in Dubai pull out all the stops to attract customers in one of the world's most saturated dining markets. They cater to all tastes and budgets. Some spots ladle out inexpensive biryani while others offer dishes dusted with edible gold. These are some of the ways the emirate is competing with its neighbours Saudi Arabia and Qatar for tourist dollars and, so far, it's beating them handily. Dubai has more restaurants per capita than any major city except Paris. But the city-state's booming restaurant scene is testing the limits of its growth-at-all-costs model, raising questions about how long Dubai can keep feeding its own ambitions. A crowded and competitive market The competition is cutthroat, so presentation is key. Gone are the days when it just tastes good, said Kym Barter, the general manager of Atlantis The Palm, a resort perched on a manmade archipelago that boasts more Michelin stars tha

Dubai taps Indian talent as it races to be global AI capital by 2031

As part of its goal to become the AI capital by 2031, Dubai is inviting Indian startups, entrepreneurs and professionals to accelerate its digital and tech transformation