Tag: News

UAE banking sector’s liquid assets rise to Dh800 billion by end of Q2 2024

The liquid assets of the UAE's banking sector exceeded Dh800 billion by the end of Q2 2024, according to the latest statistics of the...

UAE-China Business Forum explores strategies to enhance bilateral trade and investments

-Ahmed bin Mohammed attends the event, which coincides with celebrations to mark 40th anniversary of the establishment of diplomatic relations between the two countries-...

Blackstone considers selling majority stake in visa firm VFS Global

Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest...

eToro Pays SEC $1.5M and Will Cease Trading Most Crypto Assets

The U.S. Securities and Exchange Commission (SEC), said trading platform eToro USA LLC has agreed to pay a $1.5 million penalty for operating as an unregistered...

UAE bank close to acquiring $5b stake in Indian bank

A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to be in the billions...

Abu Dhabi awards key oil and gas concession to Indian JV

Abu Dhabi has awarded a key production concession for Onshore Block-1 to Urja Bharat (UBPL), a joint venture between Indian Oil Corporation and compatriot...

UAE banks’ capital, reserves hit over Dh495 billion

The total capital and reserves of banks operating in the UAE reached Dh495.2 billion at the end of June 2024, a year-on-year (YoY) increase...

India leads in crypto adoption for second straight year, report shows

India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country's tough regulatory stance and steep...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...