作者: admin

  • Why now is the moment for Gulf NRIs to bet big on India’s equity markets

    Why now is the moment for Gulf NRIs to bet big on India’s equity markets

    Dubai is rapidly establishing itself as a global wealth hub, and for the millions of non-resident Indians (NRIs) across the Gulf Cooperation Council (GCC), the opportunity to invest in India’s equity markets has never been more compelling. India’s stock market has emerged as one of the most resilient and fastest-growing globally, driven by structural reforms, a thriving digital economy, and robust domestic consumption. For NRIs in the GCC, who collectively manage significant investable wealth, allocating a meaningful portion of their portfolios to India is becoming increasingly urgent.

    Industry experts argue that India is no longer just a growth story; it is a ‘compounding story.’ This sentiment will take center stage at the Cafemutual Investment Summit 2025, scheduled for November 20 at Dubai’s Dusit Thani Hotel. The invite-only event aims to decode opportunities and risks for NRIs seeking exposure to India’s dynamic investment landscape.

    Prem Khatri, Founder and CEO of Cafemutual, emphasizes the shift: ‘NRIs and global Indians are increasingly recognizing that their portfolios need a meaningful India allocation to capture the structural shift underway. Our summit is designed to bridge the knowledge gap and provide practical insights that can immediately translate into sharper client outcomes.’

    The 2025 edition will feature distinguished investment leaders and industry experts, including Jignesh Desai, Co-Founder of NJ Group, Madhu Lunawat, Founder, MD & CEO of The Wealth Company Mutual Fund, and Neil Parikh, CEO of PPFAS, among others. Dubai-based wealth leaders will also headline special sessions on the future of wealth, the NRI ecosystem, and cross-border opportunities.

    Key sessions include ‘Mutual Funds for NRIs: The Core of a Long-Term India Portfolio,’ ‘Smart Simplicity: Winning in India Without Overcomplication,’ and ‘Future-Proof Portfolios: Blending Global & Indian Assets.’ For NRIs in the GCC, mutual funds offer a simple yet effective route to participate in India’s growth without the complexity of direct stock picking. With India’s GDP projected to maintain strong momentum and sectors like technology, manufacturing, and financial services driving market performance, experts believe disciplined exposure through professionally managed funds can deliver superior risk-adjusted returns.

    Dubai’s emergence as a hub for international wealth adds another layer of opportunity. As Khatri notes, ‘Bringing India’s most respected investment minds to Dubai creates a unique, high-impact platform for dialogue, learning, and collaboration.’ For NRIs balancing global aspirations with Indian roots, the message is clear: the time to act is now. India’s markets are not just growing — they are compounding, and those who position early stand to benefit from a structural story that could define wealth creation for decades.

  • Full text of the US resolution for Gaza approved by the UN Security Council

    Full text of the US resolution for Gaza approved by the UN Security Council

    The United Nations Security Council has unanimously endorsed a 20-point plan proposed by former US President Donald Trump to address the ongoing crisis in Gaza. The resolution, adopted with a 13-0 vote and abstentions from China and Russia, grants Trump significant control over Gaza’s stabilization efforts. The plan includes the establishment of an international stabilization force, a ‘Board of Peace’ chaired by Trump, and a committee of Palestinian technocrats to oversee governance for a two-year period. The resolution also outlines a potential pathway to Palestinian self-determination and statehood, contingent on meeting specific reform and reconstruction milestones. The stabilization force, in coordination with Egypt and Israel, will secure border areas, ensure the demilitarization of Gaza, and facilitate humanitarian aid. However, Hamas has rejected the resolution, arguing it undermines Palestinian rights and imposes an international trusteeship. The plan’s success hinges on the Palestinian Authority’s reforms and Gaza’s reconstruction progress, with the US mediating discussions between Israel and Palestinians for a peaceful coexistence.

  • Logitech Spot named a TIME Best Invention of 2025

    Logitech Spot named a TIME Best Invention of 2025

    Logitech has achieved a significant milestone with its innovative workplace sensor, Logitech Spot, being named one of TIME’s Best Inventions of 2025. This radar-based device, recognized in the productivity category, is revolutionizing how companies optimize office spaces, enhance employee comfort, and reduce energy costs. Designed to address unseen barriers to productivity and workspace health, Logitech Spot is a compact, wireless sensor that measures room occupancy, air quality, and environmental factors impacting energy consumption. Its peel-and-stick design makes it easy to install on any wall without the need for wiring. Logitech Spot was developed to help businesses uncover hidden inefficiencies, such as underutilized spaces and poor air quality, which can drain resources and hinder employee performance. By providing real-time data on occupancy, temperature, humidity, carbon dioxide levels, and particulate matter, the sensor empowers companies to make informed decisions about their workspaces. Henry Levak, VP of Product at Logitech for Business, emphasized that many office challenges stem from a lack of data. Logitech Spot transforms these unknowns into actionable insights, enabling businesses to rightsize their office footprint and improve employee well-being. The device also integrates with the Logitech Sync management portal, allowing IT and Facilities teams to monitor Health and Energy Scores across all workspaces. This marks Logitech’s first foray into environmental sensing, expanding its portfolio of space management solutions, which includes automated room booking, desk booking technology, and digital wayfinding. Logitech Spot is a testament to the company’s commitment to innovation and its mission to enhance workplace efficiency and sustainability.

  • Eid Al Etihad break: 5 visa-free countries UAE residents can fly to in few hours

    Eid Al Etihad break: 5 visa-free countries UAE residents can fly to in few hours

    As the UAE prepares to celebrate its 54th Eid Al Etihad, residents are planning short getaways to make the most of the four-day holiday announced for December 1 and 2. For those seeking convenience and affordability, visa-free destinations within a four-hour flight are an ideal choice. Here are five top-rated locations that promise hassle-free travel and unforgettable experiences.

    1. **Georgia**: Just a 3.5-hour flight from the UAE, Georgia offers a blend of European and Asian cultures. With its picturesque mountains and historic towns like Tbilisi, UAE residents can enjoy a 90-day stay without a visa.

    2. **Uzbekistan**: This Central Asian gem provides visa-on-arrival for UAE residents, allowing a 30-day stay. Explore the cultural treasures of Samarkand and Bukhara, or delve into Tashkent’s vibrant markets and Soviet-era architecture—all within a 3.5-hour flight.

    3. **Armenia**: UAE residents with a valid Emirates ID can obtain a visa-on-arrival in Armenia. Known for its scenic landscapes and ancient monasteries, Armenia is a perfect escape from the desert heat, just a 3-hour, 25-minute flight away.

    4. **Nepal**: A 4-hour flight takes you to Nepal, home to Mount Everest and stunning Buddhist and Hindu temples. UAE residents can enjoy visa-on-arrival and immerse themselves in the country’s serene beauty and warm hospitality.

    5. **Azerbaijan**: A 3-hour flight to Baku opens the door to Azerbaijan’s rich cultural heritage and natural wonders. From the UNESCO-listed Old City to the modern Heydar Aliyev Centre, this destination offers a unique blend of history and modernity.

    These destinations not only save time and effort but also provide a refreshing break from routine, making them perfect for a short holiday during the Eid Al Etihad break.

  • Israel tries Al-Aqsa imam Ekrima Sabri over alleged ‘incitement’

    Israel tries Al-Aqsa imam Ekrima Sabri over alleged ‘incitement’

    Israeli authorities have initiated the trial of Sheikh Ekrima Sabri, the prominent imam of Al-Aqsa Mosque, on charges of incitement. The first hearing took place on Tuesday, marking a significant escalation in the ongoing tensions between Israeli authorities and Palestinian religious leaders. The charges, filed in August 2024, stem from two condolence speeches Sabri delivered in 2022 and his public mourning of former Hamas leader Ismail Haniyeh following his assassination in 2024. Sabri’s legal team argues that the case is part of a broader campaign of political, religious, and ideological persecution targeting the imam. Khaled Zabarka, head of Sabri’s defense team, described the trial as ‘the embodiment of racist persecution’ and accused Israeli authorities of attempting to silence influential Palestinian voices. Sabri, 86, a former grand mufti of Jerusalem and head of the Supreme Islamic Council, has been a vocal advocate for Palestinian causes and the Islamic claim to Al-Aqsa Mosque. His trial coincides with an intensifying Israeli crackdown on Palestinian access to the mosque, with increasing restrictions imposed on worshippers and imams. Zabarka highlighted that Israeli authorities have banned numerous individuals, including Sabri, from entering the site, often for mentioning Gaza in sermons. He condemned these actions as ‘an outright intrusion into the Friday sermons at Al-Aqsa Mosque,’ warning of a concerning new trend. Israel’s control of East Jerusalem, where Al-Aqsa is located, continues to violate international law, which prohibits occupying powers from asserting sovereignty or making permanent changes to occupied territories.

  • Why is ‘Varanasi’ director SS Rajamouli facing a police complaint?

    Why is ‘Varanasi’ director SS Rajamouli facing a police complaint?

    Renowned filmmaker SS Rajamouli, celebrated for blockbusters like ‘RRR’ and ‘Baahubali,’ has found himself embroiled in controversy following a police complaint lodged by the Vanara Sena organization. The complaint alleges that Rajamouli made remarks perceived as atheist during a promotional event for his upcoming film ‘Varanasi,’ held at Ramoji Film City in Hyderabad on November 15. The organization claims that Rajamouli’s statement, ‘I don’t believe in God Hanuman,’ hurt Hindu sentiments. The event, attended by thousands of fans and the film’s lead cast, including Mahesh Babu, Prithviraj Sukumaran, and Priyanka Chopra Jonas, marked the release of the teaser and title reveal for ‘Varanasi.’ While the Saroornagar police station has received the complaint, no formal case has been registered yet, and investigations are ongoing. Rajamouli reportedly made the remarks while addressing technical glitches during the event. ‘Varanasi,’ set to release during Sankranti 2027, stars Mahesh Babu in the lead role, with Chopra Jonas portraying Mandakini and Sukumaran as Kumbha.

  • Vitol, Cnergyico make Pakistan’s biggest single delivery of marine fuel

    Vitol, Cnergyico make Pakistan’s biggest single delivery of marine fuel

    In a landmark development for Pakistan’s maritime industry, global energy trading giant Vitol and Pakistan’s largest oil refiner, Cnergyico, have successfully executed the country’s largest single delivery of very low sulphur fuel oil (VLSFO) for ship refuelling. This significant shipment, announced in a statement late Monday, marks a pivotal step in enhancing Pakistan’s role in the global shipping sector. The VLSFO, compliant with International Maritime Organization (IMO) regulations, was produced by Cnergyico following its import of U.S. crude oil cargoes in August and September. The fuel was delivered to a vessel owned by shipping major MSC at Port Qasim using the Singapore-flagged bunker barge Marine Ista, capable of supplying 6,800 metric tons of marine fuel in a single delivery. Notably, this delivery was the first to load fuel directly from the Karachi Port Trust’s Oil Pier, bypassing traditional truck deliveries. The initiative not only enables large vessels refuelling in Pakistan to undertake longer east-to-west routes without additional stops but also strengthens Pakistan’s local supply of environmentally compliant marine fuel. Vitol and Cnergyico plan to continue this collaboration, with Vitol expanding its bunker locations to include Karachi Port, Port Qasim, and Karachi Anchorage. Aumar Abbassciy, director at Cnergyico Pk Limited, emphasized that this effort underscores Pakistan’s growing capacity to provide sustainable fuel solutions to the global shipping industry.

  • UAE transfers National Day holiday to give residents a 4-day break for Eid Al Etihad

    UAE transfers National Day holiday to give residents a 4-day break for Eid Al Etihad

    The United Arab Emirates (UAE) has implemented a new holiday transfer system, granting residents an extended four-day break for Eid Al Etihad (UAE National Day). Originally scheduled for December 2 and 3 (Tuesday and Wednesday), the holiday has been shifted to December 1 and 2 (Monday and Tuesday). This adjustment, introduced under Cabinet Resolution No. (27) of 2024, allows public holidays to be moved to the beginning or end of the week if they fall mid-week, creating longer, uninterrupted weekends. For residents following the Saturday–Sunday weekend, the break now spans November 29 to December 2. Sharjah residents benefit even more, with a five-day break starting November 28, as Friday is part of the weekend in the emirate. The new system aims to enhance work-life balance, providing families and individuals more time for staycations, travel, and personal commitments. This marks the first application of the holiday-transfer policy for Eid Al Etihad, signaling a shift toward more flexible public-holiday planning. With additional public holidays anticipated in 2026 and beyond, residents can expect similar extended weekends in the future.

  • UAE expat among 45 Indians killed in Saudi bus crash, brother confirms

    UAE expat among 45 Indians killed in Saudi bus crash, brother confirms

    A devastating bus accident in Saudi Arabia has claimed the lives of 45 Indian pilgrims, including an Indian expatriate who had been working in the UAE for 25 years. The incident occurred on November 16, when the bus, en route from Makkah to Madinah, collided with an oil tanker near Medina, causing a catastrophic explosion that engulfed the vehicle in flames. Among the victims was Abdul Ghani Shirhatti, a driver from Karnataka’s Hubbali, who had traveled to Saudi Arabia for Umrah on November 9. His younger brother, Faruque Shirhatti, confirmed the tragic news, stating that his brother had been a driver in Abu Dhabi for the past 25 years. The Hyderabad Police Commissioner, VC Sajjanar, reported that out of the 46 passengers on board, only one individual, Mohd Abdul Shoaib, survived and is currently in critical condition in a Saudi hospital ICU. The incident has prompted swift action from Indian authorities, with AIMIM leader Waris Pathan confirming that party president Asaduddin Owaisi has contacted the Indian embassy in Saudi Arabia and the Ministry of External Affairs to coordinate efforts for repatriating the victims’ bodies. A team has also been dispatched to Saudi Arabia to assist in the coordination and cooperation between the Indian and Saudi governments. The tragedy has left families in mourning and has highlighted the need for enhanced safety measures for pilgrims traveling in the region.

  • Israeli settlers torch homes and fields in fresh West Bank attack

    Israeli settlers torch homes and fields in fresh West Bank attack

    In a disturbing escalation of violence, Israeli settlers launched a large-scale attack on the Palestinian town of Jab’a, southwest of Bethlehem, on Monday evening. The assault resulted in the torching of three homes, multiple vehicles, and farmland, leaving residents traumatized and suffering significant material losses. The targeted properties belonged to Raafat Hilal Mashaaleh, Muhammad Musa Musa, and Yusuf Ahmad Musa, who recounted the harrowing experience of being attacked by approximately 50 assailants. Mashaaleh, who sustained injuries during the attack, described the settlers’ brutality, emphasizing that even children were not spared. CCTV footage captured the settlers entering the village, with some seen setting objects alight. Videos shared online show vehicles and homes engulfed in flames as residents desperately tried to extinguish the fires. The fire spread rapidly after lithium batteries in the cars ignited, causing extensive damage. Mashaaleh, who managed to put out the blaze with the help of neighbors, expressed gratitude for their safety but lamented the financial devastation. This incident marks the third settler attack on Mashaaleh’s home and one of dozens in the town recently. The Israeli military confirmed the attack and stated that a search for those involved is underway, though no arrests have been made. Israeli Prime Minister Benjamin Netanyahu condemned the violence, labeling the perpetrators as ‘extremists’ and vowing to address the issue personally. Defense Minister Israel Katz and Foreign Minister Gideon Saar also criticized the settlers, emphasizing that their actions harm Israel’s reputation and the settlement project. The recent surge in settler violence has raised concerns within Israel, with fears that such attacks could provoke a Palestinian response. The security establishment has acknowledged its limited capacity to curb the violence, with one official warning of the potential for deadly consequences. The attack in Jab’a echoes the 2015 arson attack in Duma, which claimed the lives of three members of the Dawabsheh family. As settler violence continues to escalate, particularly since the onset of Israel’s war on Gaza in October 2023, the occupied West Bank remains on edge, with residents facing daily threats to their safety and livelihoods.