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Samsung, TSMC Consider Building Chip Factories in UAE: Report
TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion (roughly Rs. 8,35,311 crore). TSMC told Reuters it had no new investment plans to announce.
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CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region
CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region by acquiring BitOasis. Both CoinDCX and BitOasis have yet to disclose the financial settlement that was agreed upon for finalising this deal.
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Some Indian Millionaires Are Migrating To This Country, Says Report
Approximately 4,300 millionaires are projected to leave India this year, with a significant number choosing the UAE as their destination, according to a recent report by international investment migration advisory firm Henley & Partners.
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Indian Businessman Gifts Son Rs 5-Crore Lamborghini Huracan STO On 18th Birthday
Tarun Rungta posted a video of the himself receiving the lavish gift and thanked his father, businessman Vivek Kumar Rungta who owns investment firm VKR Group.
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"No Limit To What We Can Do": Envoy To NDTV On India-UAE Ties
Prime Minister Narendra Modi today embarked on a two-day visit to the United Arab Emirates (UAE) with a focus on boosting cooperation in various sectors, including energy, ports, fintech, digital infrastructure, railways, and investment flows.
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Cabinet Approves Bilateral Investment Treaty With UAE
The Union Cabinet on Thursday approved an investment treaty with the United Arab Emirates (UAE) that is likely to significantly boost bilateral economic engagement in a range of areas, including manufacturing and foreign direct investment (FDI).
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UAE Likely To Invest $20-25 Billion In Cash-Strapped Pakistan: Report
Pakistan and the UAE have inked several agreements under which the Gulf nation is likely to invest between USD 20-25 billion in the cash-strapped nation, according to a media report.
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UK PM Rishi Sunak To Announce New Initiative For Developing Climate-Resilient Crops
British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developing climate-resilient crops as his government hosts a Global Food Security Summit in London on Monday.
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Abu Dhabi Royal To Invest In Banker Rajeev Misra's New $6.8 Billion Vehicle
As Gulf oil wealth flows to all corners of the globe - backing mega mergers, propping up economies and upending the world of sport - moves by a key member of Abu Dhabi's ruling family have positioned him as one of world's most influential dealmakers.
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Elon Musk Denies Report on Plans for Multi-Billion Dollar Funding From Saudi, UAE for SpaceX
Elon Musk on Friday denied a media report that claimed investors from the United Arab Emirates and Saudi Arabia were planning on a multi-billion dollar investment in SpaceX. A report had claimed that the firm's next funding round was expected to value the rocket maker at about $140 billion (roughly Rs. 11,54,384 crore).
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Adani Group Gets $400 Million Investment From UAE Royals In Share Sale
Billionaire Gautam Adani's embattled group clutched on to a $400-million investment by Abu Dhabi's International Holding Co. in its flagship firm's share sale to restore confidence in the conglomerate.
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UAE Wealth Fund In Talks To Invest Upto $400 Million In Lenskart: Report
The investment, which could give ADIA an almost 10% stake in Lenskart, is likely to be in the form of a secondary sale of shares, with a small primary round comprising growth equity, the report added.
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Binance to Take Responsibility as Crypto Custodian for Institutional Clients in Abu Dhabi
Binance crypto exchange has been granted approvals in Abu Dhabi to operate as a crypto custodian for institutional clients. Binance’s latest license in Abu Dhabi has been granted by the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the ADGM, the international financial centre of the UAE’s capital...
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Bengaluru, Chennai, Ahmedabad Named Among World's 20 Most ‘Crypto Stressed’ Cities
CoinKickoff, in its recent report, named the 20 most crypto-stressed nations in the world that includes three from India — Bengaluru, Chennai, and Ahmedabad. The ongoing regulatory draft works on crypto laws around the world has emerged as the main reason why investing in these digital assets is being seen as stressful in several parts of the wor...
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Rs 903 Crore Investment Fraud Spanning China, Taiwan Detected In Hyderabad
A Chinese investment fraud to the tune of Rs 903 crore across India, China, Taiwan, Cambodia and UAE, has been busted by the Hyderabad police. Ten people -- including a Chinese and a Taiwanese national -- have been arrested.
-
Samsung, TSMC Consider Building Chip Factories in UAE: Report
TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion (roughly Rs. 8,35,311 crore). TSMC told Reuters it had no new investment plans to announce.
-
CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region
CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region by acquiring BitOasis. Both CoinDCX and BitOasis have yet to disclose the financial settlement that was agreed upon for finalising this deal.
-
Some Indian Millionaires Are Migrating To This Country, Says Report
Approximately 4,300 millionaires are projected to leave India this year, with a significant number choosing the UAE as their destination, according to a recent report by international investment migration advisory firm Henley & Partners.
-
Indian Businessman Gifts Son Rs 5-Crore Lamborghini Huracan STO On 18th Birthday
Tarun Rungta posted a video of the himself receiving the lavish gift and thanked his father, businessman Vivek Kumar Rungta who owns investment firm VKR Group.
-
"No Limit To What We Can Do": Envoy To NDTV On India-UAE Ties
Prime Minister Narendra Modi today embarked on a two-day visit to the United Arab Emirates (UAE) with a focus on boosting cooperation in various sectors, including energy, ports, fintech, digital infrastructure, railways, and investment flows.
-
Cabinet Approves Bilateral Investment Treaty With UAE
The Union Cabinet on Thursday approved an investment treaty with the United Arab Emirates (UAE) that is likely to significantly boost bilateral economic engagement in a range of areas, including manufacturing and foreign direct investment (FDI).
-
UAE Likely To Invest $20-25 Billion In Cash-Strapped Pakistan: Report
Pakistan and the UAE have inked several agreements under which the Gulf nation is likely to invest between USD 20-25 billion in the cash-strapped nation, according to a media report.
-
UK PM Rishi Sunak To Announce New Initiative For Developing Climate-Resilient Crops
British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on developing climate-resilient crops as his government hosts a Global Food Security Summit in London on Monday.
-
Abu Dhabi Royal To Invest In Banker Rajeev Misra's New $6.8 Billion Vehicle
As Gulf oil wealth flows to all corners of the globe - backing mega mergers, propping up economies and upending the world of sport - moves by a key member of Abu Dhabi's ruling family have positioned him as one of world's most influential dealmakers.
-
Elon Musk Denies Report on Plans for Multi-Billion Dollar Funding From Saudi, UAE for SpaceX
Elon Musk on Friday denied a media report that claimed investors from the United Arab Emirates and Saudi Arabia were planning on a multi-billion dollar investment in SpaceX. A report had claimed that the firm's next funding round was expected to value the rocket maker at about $140 billion (roughly Rs. 11,54,384 crore).
-
Adani Group Gets $400 Million Investment From UAE Royals In Share Sale
Billionaire Gautam Adani's embattled group clutched on to a $400-million investment by Abu Dhabi's International Holding Co. in its flagship firm's share sale to restore confidence in the conglomerate.
-
UAE Wealth Fund In Talks To Invest Upto $400 Million In Lenskart: Report
The investment, which could give ADIA an almost 10% stake in Lenskart, is likely to be in the form of a secondary sale of shares, with a small primary round comprising growth equity, the report added.
-
Binance to Take Responsibility as Crypto Custodian for Institutional Clients in Abu Dhabi
Binance crypto exchange has been granted approvals in Abu Dhabi to operate as a crypto custodian for institutional clients. Binance’s latest license in Abu Dhabi has been granted by the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the ADGM, the international financial centre of the UAE’s capital...
-
Bengaluru, Chennai, Ahmedabad Named Among World's 20 Most ‘Crypto Stressed’ Cities
CoinKickoff, in its recent report, named the 20 most crypto-stressed nations in the world that includes three from India — Bengaluru, Chennai, and Ahmedabad. The ongoing regulatory draft works on crypto laws around the world has emerged as the main reason why investing in these digital assets is being seen as stressful in several parts of the wor...
-
Rs 903 Crore Investment Fraud Spanning China, Taiwan Detected In Hyderabad
A Chinese investment fraud to the tune of Rs 903 crore across India, China, Taiwan, Cambodia and UAE, has been busted by the Hyderabad police. Ten people -- including a Chinese and a Taiwanese national -- have been arrested.
