International transactions above ₹50,000 come will come under scrutiny. The rule also mandates reporting entities, which are part of a group, to have adequate safeguards on the confidentiality and use of information exchanged
Author: Staff Reporter (Staff Reporter)
50 Kerala startups at GITEX in Dubai, the world’s largest tech show
The startups, in addition to exploring business and investment opportunities, will showcase innovative products, technology skills and sustainable ideas
New Indian Consul General in Dubai takes charge
Satish Kumar Sivan is a graduate of the 2005 batch of the Indian Foreign Service. His last posting was as Joint Secretary Development Partnership and Director of East Asia at the Ministry of External Affairs in New Delhi
Yussuf Ali of Lulu tops NRI rich-list; Renuka Jagtiani is second
Forbes' 'India's 100 Richest List' this year includes six Indian entrepreneurs based in the UAE, with five hailing from Kerala, the southern state of India
Akasa Air to fly to Saudi, Qatar, and Kuwait
The bilateral agreement for flights between India and Dubai has
been exhausted, and Akasa will have to wait until changes are announced before it can operate on the sector
India, Saudi Arabia sign MoU on connecting power grids, green hydrogen
The pact comes a month after both countries signed an energy cooperation pact which envisions cooperation in renewable energy, energy efficiency, grid interconnection, strategic petroleum reserves and energy security among others.
Reliance garners $598m investment from Abu Dhabi Investment Authority
Earlier in June 2020, Abu Dhabi had invested a whopping $752 million in Reliance Industries digital arm