Dubai's Burj Khalifa lit up with Indian Tricolour to welcome PM Modi
Siddhant Kumar -
During his visit, Prime Minister Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan solidified bilateral ties by signing ten pivotal agreements spanning various sectors such as energy, infrastructure, and investments.
Defence drives India-US relationship, as China's shadow grows bigger
IANS -
The decision to jointly produce GE's F-414 jet engines bears testimony to the growing centrality of defence in the bilateral relationship between India and the US, driven in part by shared concerns about an aggressive China.
13 Indians found guilty of money laundering, tax evasion in UAE
IANS -
The court found them guilty of laundering Dh510 million involving unlicensed provision of credit facilities through points of sale (POS), the Khaleej Times reported last week. Four of the Indians were sentenced to jail terms ranging from five to 10 years, followed by deportation, and the court ordered them to pay fines ranging from Dh5 million to Dh10 million.
Dubai court orders hedge fund trader Sanjay Shah to pay $1.25bn to Danish authorities
IANS -
The Dubai Court of Cassation issued a binding ruling this month, saying Shah must pay the amount as part of a civil case that was filed by Denmark's tax authority (Skat) five years ago, The National reported.
Dubai launches its economic agenda 'D33' for the next 10 years
IANS -
'D33' comes with a vision of total economic targets of AED 32 trillion (USD 8.7 trillion) over the next 10 years, aiming to double the size of Dubai's economy and consolidate its position among the top 3 global cities. Mohammed bin Rashid said that "2033 will mark 200 years since the foundation of Dubai, the year in which Dubai will be the most important global business centre. "Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contributions from digital transformation"
British-Indian in Dubai to be extradited to Denmark for $1.7 bn tax fraud
IANS -
Sanjay Shah, 52, a British hedge-fund trader, is accused of masterminding a scam, which ran for three years since 2012, has been described as one of the largest fraud cases in Denmark's history. Shah's fraud scheme involved submitting thousands of applications to the Danish Treasury on behalf of investors and companies from several countries around the world in order to receive dividend tax refunds, the Dubai Police said in a statement.
Indian expat foils robbery bid in Dubai, wins hearts
IANS -
According to Major General Tariq Tahlak, Director of Naif police station, the incident occured when two Asian men were in the Naif area carrying two bags containing Dh 4,250,000 in cash of different currencies. The thief intercepted the Asians and snatched one of the two bags containing AED 2,757,158, a statement released by Dubai Police said.
Violent protests erupt at Foxconn's largest iPhone factory in China
IANS -
According to South China Morning Post, violent protests broke out at Foxconn's iPhone factory in Zhengzhou, central China, that is already facing an exodus of employees over fresh Covid breaks.The latest problem can further hamper Apple's supply chain ahead of the holiday shopping season.
Apple workers set to return to office beginning April 11
IANS -
Tech giant Apple's employees will start to return to offices on April 11, media reports say. According to CNBC, the news comes more than two years after the majority of Apple's corporate workforce started working from home because of the Covid-19 pandemic.
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