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Dubai's Real Estate Tokenisation Pilot Goes Live on Dedicated Platform Prypco Mint: Details
Dubai has launched pilot trials for real estate tokenisation this week. During the trial phase, all transactions will be conducted exclusively in Dirhams, with cryptocurrencies temporarily excluded from the process.
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Investors, Including Indians, Lose Millions As Dubai Firm Vanishes Overnight
A UAE-based brokerage firm vanished overnight, taking millions of dirhams from investor funds.
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Probe Agency ED Conducts Raids In Multiple Cities In Money Laundering Case
The Enforcement Directorate (ED) on Wednesday conducted search operations in various cities, including Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in connection with its probe into alleged money laundering in a firm.
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Rs 80 Crore Rolls Royce Number, $100 Million Mansion: The Lavish Life Of Convicted Indian-Origin Billionaire
He is the founder and chairman of the RSG Group of Companies, a multi-billion-dirham conglomerate operating in real estate, automotive, industrial equipment, and investments across the Middle East, the US, India, and South Asia.
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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
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UAE Gets 1st Licensed Lottery With Top Prize At...
The United Arab Emirates (UAE) has launched its first authorised national lottery, with a jackpot of 100 million dirhams (AED) -- equivalent to $27.2 million -- up for grabs.
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ICC Unveils Tickets For Women's T20 World Cup 2024, Announces Free Entry For Under-18 Fans
ICC Women's T20 World Cup 2024: Match tickets will start at just five dirhams (Rs 114.28), and entry will be free for fans under 18.
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Huge T20 World Cup Betting Racket Busted In Madhya Pradesh, Gang Dealt In Dollars, Pounds, Dirhams
A betting racket on the T20 cricket world cup worth Rs 15 crore has been busted by the police in Madhya Pradesh's Ujjain.
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Video: Dal With 24-Carat Gold Dust At Ranveer Brar's Dubai Restaurant Amazes Internet
The special dish known as 'Dal Kashkan' is one of the restaurant's exclusive food items and is priced at 58 dirhams (about Rs 1,300).
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Indian Philanthropist Donates Rs 2.25 Crore To Free 900 Prisoners In UAE
In a pre-Ramzan gesture, a UAE-based Indian businessman and philanthropist has donated 1 million dirhams (approximately INR 2.5 crore) to ensure the release of 900 prisoners from jails across the Gulf nation.
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All About Indian Man Rajeev Arikkatt, Who Won Rs 33-Crore Lottery In UAE
It was nothing short of a "dream come true" moment for Rajeev Arikkatt, an Indian expat in the UAE when he won 15 million dirhams (approximately ₹ 33 crore) in the Big-Ticket Abu Dhabi weekly draw.
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"Paves Way For Enhanced Economic Collaboration": PM Modi On India-UAE Pact
Prime Minister Narendra Modi on Saturday said that the signing of the pact between the Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) to promote the use of local currencies- the Indian Rupee (INR) and the UAE Dirham (AED) for
-
Dubai's Most Expensive House Is For Sale: Indian Among Interested Buyers
A mansion evocative of Versailles is for sale in Dubai for 750 million dirhams ($204 million), making it the most expensive house on the market in a city where luxury property is red-hot.
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World's Most Expensive Car Number Plate Sells For Rs 123 Crore. It Reads...
A wealthy bidder has splashed out a world-record 55 million dirhams ($15 million) for a rare car license plate in Dubai, smashing a bar set in the United Arab Emirates more than a decade ago.
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Crypto-Friendly UAE to Jump Aboard CBDC Wagon Alongside India, China: Details
After creating a supportive ecosystem for the crypto industry, the UAE is now turning its focus to include its central bank digital currency (CBDC) to the economy. The UAE is backing the creation of a cashless society in the coming years. Its CBDC plans are expected to roll-out in full potential by 2026.
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Dubai's Real Estate Tokenisation Pilot Goes Live on Dedicated Platform Prypco Mint: Details
Dubai has launched pilot trials for real estate tokenisation this week. During the trial phase, all transactions will be conducted exclusively in Dirhams, with cryptocurrencies temporarily excluded from the process.
-
Investors, Including Indians, Lose Millions As Dubai Firm Vanishes Overnight
A UAE-based brokerage firm vanished overnight, taking millions of dirhams from investor funds.
-
Probe Agency ED Conducts Raids In Multiple Cities In Money Laundering Case
The Enforcement Directorate (ED) on Wednesday conducted search operations in various cities, including Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in connection with its probe into alleged money laundering in a firm.
-
Rs 80 Crore Rolls Royce Number, $100 Million Mansion: The Lavish Life Of Convicted Indian-Origin Billionaire
He is the founder and chairman of the RSG Group of Companies, a multi-billion-dirham conglomerate operating in real estate, automotive, industrial equipment, and investments across the Middle East, the US, India, and South Asia.
-
UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
-
UAE Gets 1st Licensed Lottery With Top Prize At...
The United Arab Emirates (UAE) has launched its first authorised national lottery, with a jackpot of 100 million dirhams (AED) -- equivalent to $27.2 million -- up for grabs.
-
ICC Unveils Tickets For Women's T20 World Cup 2024, Announces Free Entry For Under-18 Fans
ICC Women's T20 World Cup 2024: Match tickets will start at just five dirhams (Rs 114.28), and entry will be free for fans under 18.
-
Huge T20 World Cup Betting Racket Busted In Madhya Pradesh, Gang Dealt In Dollars, Pounds, Dirhams
A betting racket on the T20 cricket world cup worth Rs 15 crore has been busted by the police in Madhya Pradesh's Ujjain.
-
Video: Dal With 24-Carat Gold Dust At Ranveer Brar's Dubai Restaurant Amazes Internet
The special dish known as 'Dal Kashkan' is one of the restaurant's exclusive food items and is priced at 58 dirhams (about Rs 1,300).
-
Indian Philanthropist Donates Rs 2.25 Crore To Free 900 Prisoners In UAE
In a pre-Ramzan gesture, a UAE-based Indian businessman and philanthropist has donated 1 million dirhams (approximately INR 2.5 crore) to ensure the release of 900 prisoners from jails across the Gulf nation.
-
All About Indian Man Rajeev Arikkatt, Who Won Rs 33-Crore Lottery In UAE
It was nothing short of a "dream come true" moment for Rajeev Arikkatt, an Indian expat in the UAE when he won 15 million dirhams (approximately ₹ 33 crore) in the Big-Ticket Abu Dhabi weekly draw.
-
"Paves Way For Enhanced Economic Collaboration": PM Modi On India-UAE Pact
Prime Minister Narendra Modi on Saturday said that the signing of the pact between the Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) to promote the use of local currencies- the Indian Rupee (INR) and the UAE Dirham (AED) for
-
Dubai's Most Expensive House Is For Sale: Indian Among Interested Buyers
A mansion evocative of Versailles is for sale in Dubai for 750 million dirhams ($204 million), making it the most expensive house on the market in a city where luxury property is red-hot.
-
World's Most Expensive Car Number Plate Sells For Rs 123 Crore. It Reads...
A wealthy bidder has splashed out a world-record 55 million dirhams ($15 million) for a rare car license plate in Dubai, smashing a bar set in the United Arab Emirates more than a decade ago.
-
Crypto-Friendly UAE to Jump Aboard CBDC Wagon Alongside India, China: Details
After creating a supportive ecosystem for the crypto industry, the UAE is now turning its focus to include its central bank digital currency (CBDC) to the economy. The UAE is backing the creation of a cashless society in the coming years. Its CBDC plans are expected to roll-out in full potential by 2026.
