Dubai

India Accelerator announces Dubai foray, will invest $20 mn in start-ups

Incubator will provide start-up founders with four-month training in business growth

Dubai court rejects Sanjay Shah's appeal in fraud case; to extradite him

The Dubai Court of Cassation has rejected the appeal of British-Indian Sanjay Shah, who is wanted by Danish authorities on charges of money laundering and committing tax fraud to the tune of $1.7 bn

Indigo announces flight services to Dubai from Bhubaneswar from May 15

No-frills carrier IndiGo on Saturday announced starting flight services to Dubai from Bhubaneswar's Biju Patnaik International Airport on May 15 and unveiled plans to connect Odisha's capital city with Singapore and Bangkok going forward. The airline, in a statement, said it has opened bookings for the Bhubaneswar-Dubai flight services, which will be operated three times a week. IndiGo said it is "working in close collaboration" with the Odisha government to commence international operations from Bhubaneswar which will strengthen air connectivity from the state capital. The maiden international flight from Bhubaneswar will take off from Biju Patnaik International Airport on May 15, IndiGo said in the statement. International flight operations will also commence from Bhubaneswar to two more destinations - Singapore and Bangkok for which slots and other operational requirements are being finalised, it stated. According to the airline, direct connectivity to aviation hubs like Dubai,

Emergency at Delhi Airport following bird-hit incident on cargo flight

Authorities at the Delhi Airport declared emergency on Saturday after a Dubai-bound FedEx aircraft suffered a bird hit soon after take off

How to set up a family office abroad? More wealthy Indians want to know

For Indians, Dubai and Singapore are popular destinations. Significantly, Singapore recently opened an agency to welcome family wealth management firms

Adani Group to hold fixed-income road shows in London, Dubai, US in March

Adani group management, including group Chief Financial Officer Jugeshinder Singh, will attend the road shows which will run between March 7 to March 15, the document showed

Traffic at Dubai airport double than last year but lags behind 2019 peak

Traffic more than doubled last year at Dubai's airport, the world's busiest for international flights, but has yet to fully recover after the coronavirus pandemic, according to figures released Tuesday. Even as the number of passengers has surged, the state-of-the-art airport in the oil-rich United Arab Emirates has avoided the travel chaos that rippled across North America and Europe last year, as it maintained capacity through the darkest days of the pandemic. Over 66 million passengers moved through the airport, known as DXB, in 2022, up from 29.1 million in 2021, when global travel was still snarled by pandemic restrictions. But it remains well below the pre-pandemic milestone of 86.4 million logged in 2019. Paul Griffiths, the airport's CEO, told The Associated Press that he expects traffic to return to pre-pandemic levels by the end of this year or early 2024, with a boost from China's easing of its zero COVID policies. The airport currently forecasts 78 million passengers in

Badminton Asia Mixed Championships: India beat UAE to qualify for knockouts

India beat UAE 5-0 as Lakshya Sen, Aakarshi Kashyap, and India's three doubles teams played too strong for hosts in the second tie of Group B at the Badminton Asia Mixed Team Championships in Dubai

Rs 2.6 crore worth diamond fragments seized from Dubai-bound flyers

The Directorate of Revenue Intelligence (DRI) has seized diamond capsule fragments worth Rs 2.6 crore from two passengers at the Mangaluru International Airport (MIA), official sources said on Monday. The DRI sleuths, with the help of CISF personnel at the airport, confiscated the diamonds from two passengers, Anas and Amar from Bhatkal, as they were about to fly to Dubai on Saturday, DRI sources said. Acting on a tip-off, the DRI sleuths found two packets of diamond capsules hidden in the shoes of one of the passengers during an intensive physical check at the immigration counter. The CISF personnel handed over the two passengers to DRI officials for further investigation, the sources added.

With purchases worth Rs 35K crore, Indians emerge top home buyers in Dubai

This is almost double the money spent by Indians to purchase homes in Dubai in 2021

Fugitive businessman Atul Gupta loses bid to get new S African passport

Atul Gupta, one of the three Gupta brothers now in self-exile in Dubai, has lost a high court bid to get a new passport from the South African government. Atul, Ajay, and Rajesh Gupta are accused of siphoning billions of rands from South African parastatals through their close association with former president Jacob Zuma. Atul and Rajesh are currently awaiting extradition to face charges in South Africa. The brothers and their families fled to Dubai after Zuma was ousted from the presidency in 2018 by his ruling African National Congress. They have also been blacklisted by the US and the UK. The Pretoria high court ruled on Friday that Atul Gupta did not qualify for a South African passport because he was a fugitive from justice. Gupta had approached the South African consulate in Dubai for a new passport in 2018. This was before he faced extradition charges. But the Department of Home Affairs had rejected Gupta's application after the National Prosecuting Authority confirmed tha

Dubai ends 30% tax on alcohol sales, fee for liquor licenses in sheikhdom

Dubai ended its 30 per cent tax on alcohol sales in the sheikhdom on Sunday and made its required liquor licenses free to obtain, ending a long-standing source of revenue for its ruling family to apparently further boost its tourism to the emirate. The sudden New Year's Day announcement, made by Dubai's two state-linked alcohol retailers, came apparently from a government decree from its ruling Al Maktoum family. However, government officials did not immediately acknowledge the decision and did not respond to questions from The Associated Press. But it follows years of loosening regulations over liquor in the sheikhdom, which now sells alcohol during daylight hours in Ramadan and began providing home delivery during the lockdowns at the start of the coronavirus pandemic. Alcohol sales have long served as a major barometer of the economy of Dubai, a top travel destination in the UAE, home to the long-haul carrier Emirates. During the recent World Cup in nearby Qatar, Dubai's many bar

What makes GCC nations such a big draw for India's emigrant labour?

The deplorable conditions of migrant workers in Gulf countries, have been well documented across media reports over the last few decades

Snake found in AI Express plane's cargo hold; DGCA to probe incident

A snake was found in the cargo hold of an Air India Express plane after it landed at the Dubai airport on Saturday and aviation regulator DGCA is probing the incident, according to a senior official. The B737-800 aircraft came from Calicut, Kerala and the passengers were safely deplaned. The senior official at the Directorate General of Civil Aviation (DGCA) said a snake was found in the cargo hold of the plane on arrival at the Dubai airport and the airport fire services were also informed. It is a ground handling lapse. The incident shall be probed and suitable enforcement action shall be taken, the official told PTI. An Air India Express spokesperson could not be reached for comments. Details about the number of passengers could not be immediately ascertained.

1.24 million Indian tourists visit Dubai in first 9 months of 2022

At least 1.24 million Indian tourists visited Dubai in the first nine months of 2022, the highest among all foreign nationalities visiting Dubai.

Toshkhana controversy: Want to return Graff watch, says Dubai businessman

A Dubai-based businessman, who claimed that he bought a multi-million dollar luxury watch gifted to former Pakistan prime minister Imran Khan by Saudi Crown Prince Mohammed bin Salman, on Monday said that he wants to return the prized possession to its rightful owner. The expensive Graff wristwatch, worth USD 2 million, was part of the gifts whose alleged sale landed Khan to the Toshkhana controversy, which resulted in his disqualification from contesting elections after he was charged with making "false statements and erroneous declarations". The businessman Umar Farooq Zahoor has claimed that he bought the watch from Khan through his trusted family friend, Farah Gig, after paying a hefty amount of money. However, he now regrets the decision and is willing to part with it to end the controversy surrounding the watch in Pakistan. As an ordinary Pakistani, and as a token of gratitude toward Saudi Arabia, if given the opportunity, I would like to return this watch to its rightful own

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

In its bid to diversify Abu Dhabi's business activity beyond hydrocarbons, the UAE's capital city is seeking more investments from India which will not only benefit the local economy but also allow Indian firms to use it as a platform to grow their footprints around the world. Abu Dhabi has identified priority sectors including agritech, tourism, healthcare, pharma and financial services, where Indian enterprises can invest. Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) which is tasked with pulling the investments, told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE. Alshamsi pitched for Indian companies to use Abu Dhabi as a platform to grow their footprints around the world, and added that their presence will benefit the local economy as well. At a time when Indian startups are scouting for better opportunities ...

Can India's new finance hub in Gujarat become the next Singapore or Dubai?

Gujarat International Finance ­Tec-­City, more commonly known as GIFT City, occupies 886 acres between Gujarat's capital, Gandhinagar, and Ahmedabad, its biggest city

Customs nabs flier from Dubai with gold worth Rs 48 lakh at Kochi

The Air Intelligence Unit (AIU) of the Customs department seized 1192 grams of gold, worth Rs 48.5 lakh, at the Kochi airport on Sunday.On the basis of profiling done by the Kochi AIU batch, customs officers intercepted a passenger from Dubai at the Kochi Airport by flight IX-434.The accused was identified as Ali, a native of Kozhikode district.On examining the passenger, the customs officials found four capsules of gold in compound form, weighing 1010 grams, concealed inside his body.Three crude gold chains, weighing 182 grams, were also found concealed in his socks and seized.Further investigations are underway.Earlier, on Saturday, the customs department seized 2,219.94 grams of gold, worth Rs 94 lakh, in two separate incidents at the Kochi airport after intercepting two passengers.In one of these cases, the customs seized 1155.88 grams of gold worth Rs 47 lakh.The officers of the Kochi AIU batch intercepted a passenger from Dubai, identified as Shihab from Alappuzha district of ...

Dubai-based Coral Energy turns focus to Asia, halts trade in Russian crude

he trading house emerged as one of the key suppliers of Russian crudes to Asia after some western entities shunned purchase of Russian oil