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Shell Firms, Accounts In Dubai, London, Mauritius: New Details In Fake Embassy Case
Harshvardhan Jain was arrested by the police for impersonating an ambassador and allegedly duping people by promising overseas employment.
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Standard Chartered Bank Announces Digital Custody Service for Bitcoin, Ether in UAE
London-headquartered Standard Chartered bank launched a custody service for digital assets in the UAE. As per Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, the newly launched service goes beyond just simple wallet offerings.
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Dubai-Based ByBit Adds Support for eRupee CBDC Following Feedback from Indian Merchants
ByBit, the crypto exchange based in Dubai, said it has received multiple requests from Indian merchants urging support for eRupee transactions. This eRupee feature for ByBit’s P2P transactions will let merchants accept payments in the form of the eRupee, reducing the risk of their bank accounts being targeted by cybercriminals.
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Blinken To Return To Israel, West Bank As Truce Extended
US Secretary of State Antony Blinken will pay a new crisis visit to the Middle East this week and also attend the UN climate summit in Dubai, a senior US official said Monday.
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Coinbase to Ramp Up Web3 Initiatives in the UK as Japan, Dubai Race to Become Blockchain Hubs
Coinbase will be ramping up Web3 initiatives in the UK in the coming days. A total of nine steps have been listed by Coinbase on how more Web3 initiatives could decide UK as the epicentre of their activities. These steps include having British banks collaborate with crypto projects and making blockchain a part of government activities.
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Indian Jailed In Dubai For Not Returning Accidentally Transferred Money
An Indian man here in the UAE has been jailed for a month for refusing to return AED 570,000 (approximately Rs 1.28 crore), which was incorrectly transferred to his bank account by a medical trading company in October 2021.
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The Next Singapore Or Dubai? India's New Finance Hub Has Big Plans
India's newest financial hub is rising from scrubland near the banks of the Sabarmati river once dominated by marsh birds and grazing buffalo.
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Indian Refiners Pay Dollars For Russian Oil After Dirham Attempts Fail: Report
Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier.
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Goldman Sachs is Exploring Ways to Tokenise Real Assets, NFTs
Goldman Sachs, the US-based lender, is exploring ways to tokenise real life assets into NFTs. They are viewing NFTs as financial instruments that would make the transfer of physical assets immediate. The move comes as Goldman Sachs continues to keep working in the crypto sphere.
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Binance Gets Its First Gulf Crypto Licence in Bahrain
Binance, the world’s biggest crypto exchange, has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
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UK Woman Tried To Fly To Dubai With 1.9 Million Pounds In Cash In 5 Bags
A woman who tried to fly from London's Heathrow Airport with five suitcases stuffed full of bank notes worth 1.9 million pounds ($2.44 million) has been charged with money laundering, UK Border Force said on Wednesday.
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Nirav Modi's 11 Properties In Dubai, Worth Rs 56 Crore, Seized By Enforcement Directorate
The Enforcement Directorate has attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the USD 2-billion Punjab National Bank (PNB) fraud case.
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CBI Arrests Absconding Kolkata Tycoon In Bank Fraud Cases
An absconding Kolkata business tycoon Nillesh Parrekh was arrested on Monday by the CBI on his arrival here from Dubai in an ongoing probe into the Rs 2,223 crore loss to 20 Indian banks, an official said here.
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Indian Trio In Dubai Hack Businessman's Account, Steal Money
Three Indian men have been accused of hacking into a businessman's mobile banking application and stealing $272,249 (Dh 1 million or Rs 1.84 crore), local media reported.
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Indian Banker Appointed Head of Dubai-Based Mashreq's Banking Group
A 55-year-old Indian banker has been appointed head of Dubai-based Mashreq's retail banking group, third-biggest bank by assets. Som Subroto, alumnus of IIT Delhi and IIM Ahmedabad has taken over from Farhad Irani, who is leaving after almost five years, Mashreq said in a statement.
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Shell Firms, Accounts In Dubai, London, Mauritius: New Details In Fake Embassy Case
Harshvardhan Jain was arrested by the police for impersonating an ambassador and allegedly duping people by promising overseas employment.
-
Standard Chartered Bank Announces Digital Custody Service for Bitcoin, Ether in UAE
London-headquartered Standard Chartered bank launched a custody service for digital assets in the UAE. As per Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, the newly launched service goes beyond just simple wallet offerings.
-
Dubai-Based ByBit Adds Support for eRupee CBDC Following Feedback from Indian Merchants
ByBit, the crypto exchange based in Dubai, said it has received multiple requests from Indian merchants urging support for eRupee transactions. This eRupee feature for ByBit’s P2P transactions will let merchants accept payments in the form of the eRupee, reducing the risk of their bank accounts being targeted by cybercriminals.
-
Blinken To Return To Israel, West Bank As Truce Extended
US Secretary of State Antony Blinken will pay a new crisis visit to the Middle East this week and also attend the UN climate summit in Dubai, a senior US official said Monday.
-
Coinbase to Ramp Up Web3 Initiatives in the UK as Japan, Dubai Race to Become Blockchain Hubs
Coinbase will be ramping up Web3 initiatives in the UK in the coming days. A total of nine steps have been listed by Coinbase on how more Web3 initiatives could decide UK as the epicentre of their activities. These steps include having British banks collaborate with crypto projects and making blockchain a part of government activities.
-
Indian Jailed In Dubai For Not Returning Accidentally Transferred Money
An Indian man here in the UAE has been jailed for a month for refusing to return AED 570,000 (approximately Rs 1.28 crore), which was incorrectly transferred to his bank account by a medical trading company in October 2021.
-
The Next Singapore Or Dubai? India's New Finance Hub Has Big Plans
India's newest financial hub is rising from scrubland near the banks of the Sabarmati river once dominated by marsh birds and grazing buffalo.
-
Indian Refiners Pay Dollars For Russian Oil After Dirham Attempts Fail: Report
Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier.
-
Goldman Sachs is Exploring Ways to Tokenise Real Assets, NFTs
Goldman Sachs, the US-based lender, is exploring ways to tokenise real life assets into NFTs. They are viewing NFTs as financial instruments that would make the transfer of physical assets immediate. The move comes as Goldman Sachs continues to keep working in the crypto sphere.
-
Binance Gets Its First Gulf Crypto Licence in Bahrain
Binance, the world’s biggest crypto exchange, has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
-
UK Woman Tried To Fly To Dubai With 1.9 Million Pounds In Cash In 5 Bags
A woman who tried to fly from London's Heathrow Airport with five suitcases stuffed full of bank notes worth 1.9 million pounds ($2.44 million) has been charged with money laundering, UK Border Force said on Wednesday.
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Nirav Modi's 11 Properties In Dubai, Worth Rs 56 Crore, Seized By Enforcement Directorate
The Enforcement Directorate has attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the USD 2-billion Punjab National Bank (PNB) fraud case.
-
CBI Arrests Absconding Kolkata Tycoon In Bank Fraud Cases
An absconding Kolkata business tycoon Nillesh Parrekh was arrested on Monday by the CBI on his arrival here from Dubai in an ongoing probe into the Rs 2,223 crore loss to 20 Indian banks, an official said here.
-
Indian Trio In Dubai Hack Businessman's Account, Steal Money
Three Indian men have been accused of hacking into a businessman's mobile banking application and stealing $272,249 (Dh 1 million or Rs 1.84 crore), local media reported.
-
Indian Banker Appointed Head of Dubai-Based Mashreq's Banking Group
A 55-year-old Indian banker has been appointed head of Dubai-based Mashreq's retail banking group, third-biggest bank by assets. Som Subroto, alumnus of IIT Delhi and IIM Ahmedabad has taken over from Farhad Irani, who is leaving after almost five years, Mashreq said in a statement.
