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India Tightens Overseas Remittance Rules to Curb Passive Wealth Shifting
India's central bank is set to introduce stricter controls on foreign remittances by resident Indians, including a ban on holding fixed-term foreign currency deposits abroad, according to two government officials familiar with the matter.
The Reserve Bank of India (RBI) will revise existing regulations to close loopholes that currently allow individuals to transfer money overseas for parking in time deposits or interest-bearing accounts, one official revealed.
"This practice essentially enables
Business
Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions
In a move highlighting the growing impact of global supply chain disruptions, Suzuki Motor has temporarily suspended production of its popular Swift subcompact due to China's tightening rare earth export policies. Industry insiders reveal this marks the first major Japanese automaker affected by Beijing's recent trade measures.
Entertainment
New Year’s Eve 2026 in Dubai: The most extravagant, unique experiences to celebrate NYE
When it comes to New Year’s Eve, Dubai doesn’t do subtle. From dining hundreds of metres above the city to ringing in 2026 with global superstars, Michelin-starred menus and fireworks reflected across the water, celebrations here are designed to be unforgettable. Whether you’re chasing skyline views, world-class entertainment or an intimate yet indulgent night out, these extravagant and one-of-a-kind New Year’s Eve experiences across Dubai and the UAE promise to start the year on a spectacular note.
Business
Asian Currencies Rally as Dollar Slumps Amid Fed Uncertainty
Asian currencies surged on Monday, with the Indian rupee leading gains, as the US dollar extended its decline following controversial remarks by former President Donald Trump about Federal Reserve leadership.
The rupee climbed to an early high of 85.0525 (Dh23.1750) before settling at 85.1125 (Dh23.1914), marking a healthy 0.3% daily gain against the weakening greenback.
Trading floors buzzed with speculation about potential Reserve Bank of India intervention, though market participants noted s
Main
Abu Dhabi Launches Pioneering High-Altitude Drone Facility to Boost MENA's Aerospace Sector
Abu Dhabi has unveiled a groundbreaking new facility, marking the Middle East and North Africa's (MENA) first dedicated production hub for high-altitude unmanned aerial vehicles (UAVs). Operated by Mira Aerospace, a subsidiary of Space42, the state-of-the-art plant will manufacture over 20 advanced drones designed for civil, environmental, and defense applications.
Main
UAE Educators Push for Stronger School-University Ties Amid Updated Study Abroad Policies
Education leaders across the UAE are advocating for deeper collaboration between schools and universities following the nation's recent overhaul of international study regulations.
Sports
Hamda scores big win for Emirati women at Sheikh Mohammed Endurance Festival
When the desert asks the toughest questions, it is determination rather than reputation that matters most. That was clear at Dubai International Endurance City in Seih Al Salam on Saturday, as two Emirati women rewrote the narrative of one of equine sport’s most demanding events.Hamda Jasim Ahmed Mohamed Al Ali and Maitha Mohamed Al Qubaisi delivered a performance of rare authority to dominate the flagship 160 km ride of the His Highness Sheikh Mohammed bin Rashid Al Maktoum Endurance Festival,
Lifestyle
Sheikha Bodour Al Qasimi recalls how Sharjah Ruler shaped love for reading
Sheikha Bodour bint Sultan Al Qasimi is a rare kind of multi-hyphenate whose work spans several, diverse fields. She is president of the American University of Sharjah, chairperson of Sharjah Book Authority, founder and CEO of Kalimat Group, author, an accomplished mountaineer, a UNESCO Goodwill Ambassador for Education and Book Culture and founder of Tanweer Festival among many other accomplishments in education, arts, culture and publishing. Most recently, she collabora
Lifestyle
Watch review: Rado's new Anatom is just in time for summer
When you think of Rado, you don’t just think of watches; you think of a brand that reimagined what a watch could be made of. Decades ago, while most of the industry obsessed over shapes and complications, Rado practised the alchemy of materials. After pioneering ceramic on the wrist, the brand pushed boundaries again, mastering sapphire crystal, perfecting high-tech ceramic, and creating plasma-treated ceramic, a breakthrough that gave ceramic the lustre of metal without compromising its lightweight, scratch-resistant properties. With these innovations, Rado wasn’t just building watches; it was shaping the future of how time should feel on the wrist.
Sports
Premier League: Arsenal get title boost as Man City and Villa both drop points
Arsenal's Premier League title prospects were enhanced without them even kicking a ball on Wednesday as their closest challengers Manchester City and Aston Villa both dropped points.Erling Haaland scored his 150th goal for City as he put them in front against Brighton and Hove Albion from the penalty spot but Kaoru Mitoma equalised for the visitors on the hour with the game finishing 1-1.It was the third successive draw for stuttering City who were held by Sunderland on New Year's Day and by Che
Affordable Used Cars for Seniors in 2024: A Comprehensive Guide
Finding a reliable and affordable used car is essential for seniors who need a dependable mode of transportation on a fixed income. This guide explores how seniors can secure cheap used cars, detailing prices across different states and various car models.
Business
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, 30% more than last year, including Trump Media Technology Group's $6 billion merger with nuclear fusion firm TAE Technologies, IBM's $11 billion purchase of data infrastructure company Confl
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World Test Championship Final Under Fire: Australia vs South Africa Amid Format Controversy
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FIA President Mohammed Ben Sulayem Gains Strong Backing for Second Term Amid Financial Turnaround
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Kanye West Reinvents Himself Again: Business Documents Reveal New Name "Ye Ye"
Music icon and fashion trailblazer Kanye West continues to redefine his identity, with recent business filings suggesting yet another transformation in his personal brand.
The artist formerly known as Kanye, who legally adopted the moniker "Ye" in 2018, now appears to be embracing an extended version of that name. Official California business documents obtained by entertainment sources reveal references to "Ye Ye" in connection with several of the star's ventures.
Corporate paperwork for Yeezy
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Business
Abu Dhabi to invest Dh240 billion in infrastructure over the next 7 to 10 years
Abu Dhabi will invest Dh240 billion ($65.4 billion) over the coming years in infrastructure development, with a strong role for private-sector entities, as the emirate sees its population doubling by 2040, a senior official said on Monday.“A lot of people think infrastructure is construction, but it touches a lot of different economic sectors — hospitality, healthcare, education, construction and transportation, etc. When the government actually pumps a lot of investment into infrastructure and
Business
Indian rupee slips near record low amid dollar demand and Fed policy jitters
The Indian rupee extended its losing streak on Wednesday, pressured by robust dollar demand from importers making month-end payments and declining hedging costs that made bearish bets on the currency more attractive.
