Gulf countries like Saudi Arabia and the UAE import Australian sand because desert grains are too smooth for high-strength concrete/ Image: MyBayut Sending coals to Newcastle is a phrase from the early 16th century, describing the pointless act of bringing coal to a city that already had plenty. As ironic as it may seem, similar…
MUNICH: Finance Minister Nirmala Sitharaman met Christine Lagarde, President of the European Central Bank (ECB), in Munich, Germany, among several other key dignitaries, during her ongoing visit.Both leaders were pleased to note the finalisation of the India and the European Union Free Trade Agreement (FTA) in January 2026. The Union Finance Minister underlined the financial…
Game-Changer for Global Finance? UAE Unveils World’s First AI-Powered Sovereign Cloud to Guard Banks and Data In a bold leap that could redefine how modern financial systems operate, the Central Bank of the United Arab Emirates (CBUAE) has announced the launch of what it calls the world’s first sovereign financial cloud services infrastructure, a secure…
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Rupee opened the week on a weak note, slipping 4 paise to 90.24 against US dollar in early trade on Monday, extending its downward momentum from 2025. The decline was triggered by ongoing geopolitical uncertainty as US intervention in Venezuela boosted demand for the American currency.Last week on Friday, the currency had fallen below the…
The U.S. markets regulators are melding their operations in the places where the duties of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) overlap, and building a crypto oversight framework is listed among the core aims of a written agreement released on Wednesday. Most of the objectives of the memorandum…
Jon Gray, President and COO of Blackstone, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Blackstone president Jon Gray on Tuesday defended the quality of loans within the firm’s flagship private credit fund after investors pulled nearly 8% from it in the last…
NEW DLEHI: The external affairs ministry on Wednesday received a request from the Goa government seeking to revoke the passports of Gaurav and Saurabh Luthra, and the request is currently under examination, reported PTI citing sources. The move comes amid an expanding probe into the nightclub blaze in North Goa that killed 25 people last…
MUMBAI: Strong gains in index heavyweights Reliance Industries and HDFC Bank on Thursday propelled sensex to within half a percentage point of its all-time high peak of 85,978 points, recorded nearly 14 months ago. Sensex closed the session 446 points up at 85,633 points, its fourth consecutive day of gains. At Thursday’s close, while sensex…
The iQOO 15R is scheduled to arrive in India next month, the company revealed on Tuesday. The device is expected to include a 6.59-inch AMOLED screen, a large 7,600 mAh battery supported by 100 W fast charging, and Qualcomm’s Snapdragon 8 Gen 5 processor. iQOO has confirmed that the 15R smartphone will be unveiled on…
