This marks the third major supply agreement ADNOC Gas has signed with a leading Indian energy company in the past 12 months. The company already supplies LNG to Indian Oil Corporation and GAIL India, reinforcing its role in supporting India’s energy security.

In a statement, ADNOC Gas emphasized that the agreement further strengthens its global presence, particularly in the high-demand Asian LNG market.

Fatema Al Nuaimi, CEO of ADNOC Gas, stated:
“This milestone highlights ADNOC Gas’ capability to reliably meet the growing global demand for LNG and supports India’s goal to raise the share of natural gas to 15% of its primary energy mix by 2030.”

The LNG for HPCL will be supplied from ADNOC Gas’ Das Island liquefaction facility, which currently has a production capacity of 6 million metric tonnes per annum (mmtpa).

Das Island is one of the world’s longest-operating LNG plants and has shipped more than 3,500 LNG cargoes globally since it began operations.

The post ADNOC Gas Signs 10-Year LNG Supply Deal with Hindustan Petroleum appeared first on The Gulf Indians.

The answer lies in how the tokens are legally classified — whether as real estate assets or virtual assets under UAE law.

“If classified as real estate, commercial tokens may be subject to 5% VAT, while residential tokens could be exempt,” said Vlad Skibunov, Partner at Dhruva Consultants.

On the other hand, if treated as virtual assets, the issuance and secondary trading of tokens may fall under the VAT regime applicable to financial services, potentially qualifying for exemption or zero-rating.

Rental Income and Platform Fees Also Under Scrutiny

As Skibunov explains, rental income generated from tokenized properties would add to investor returns. Therefore, it’s important to determine whether such income and platform service fees fall under real estate transactions or financial services for VAT purposes.

Crypto Investments Currently Outside UAE Tax Scope

The UAE government recently confirmed that virtual asset investments like Bitcoin and other cryptocurrencies will not be taxed, which has further fueled interest in the crypto sector. Property tokenization is now becoming a part of this growing investment mix.

Advisory to Developers and Investors

“Developers and buyers must factor VAT obligations into their agreements from the outset,” Skibunov emphasized. This would help avoid unexpected costs and ensure full legal compliance.

The post Will Property Token Investments in the UAE Attract VAT? Depends on Legal Classification appeared first on The Gulf Indians.

Zelo, which originally launched in August 2020, offers receivables-based financing to help SMEs bridge working capital gaps. The platform provides digital-first liquidity solutions by converting approved invoices into cash within 24 to 48 hours, offering a much-needed alternative to traditional banking channels.

A Lifeline for SMEs

The acquisition comes at a critical time when SMEs across the UAE and Saudi Arabia continue to face delays of 60 to 120 days in receiving payments on approved invoices—hindering their cash flow and limiting operational flexibility.

“While SMEs represent over 95% of the UAE’s registered businesses and contribute more than half of the national GDP, access to timely financing remains a major challenge,” said IHC in a statement.

“Zelo is addressing this gap by offering fast, invoice-backed loans that empower business continuity and growth.”

IHC’s Strategic Move

Syed Basar Shueb, CEO of IHC, emphasized the importance of this move:

“SMEs are the backbone of a diversified and future-ready economy. Through our acquisition of Zelo, we’re proud to back a platform that removes one of the biggest barriers facing SMEs—timely access to working capital.”

Private Credit Gaining Ground

With bank lending rates still elevated, private credit has become increasingly important for businesses of all sizes. In a similar development, Sukna Capital in Saudi Arabia launched a new fund this week to expand alternative financing options for SMEs and startups.

The Middle East and North Africa (MENA) region currently faces an estimated $250 billion SME credit gap, making platforms like Zelo instrumental in addressing this financial shortfall.

The post IHC Acquires eFunder, Rebrands It as ‘Zelo’ to Boost SME Financing in UAE and Saudi appeared first on The Gulf Indians.

While the tariff threat isn’t aimed specifically at Indian firms, it has nonetheless triggered serious concern among major Indian pharma exporters and their shareholders.
“Several top Indian pharmaceutical companies—such as Syngene, Gland Pharma, Biocon, Dr. Reddy’s, Zydus Lifesciences, and Aurobindo—generate over 40% of their total revenues from the US market,” said Milan Vaishnav, founder of ChartWizard.ae.
“This level of dependence makes them particularly vulnerable to any sudden trade-related policy shifts,” he added.

Market Reaction and Investor Anxiety

India’s benchmark Sensex index showed only a modest decline in early trading, down by 141 points or 0.17% as of 9 a.m. UAE time. However, investor unease is evident—especially among UAE-based NRIs with sizable holdings in Indian equities, particularly in pharma stocks.

India is currently progressing toward a comprehensive trade agreement with the US, which could ease overall tariff burdens. However, it remains unclear whether Indian pharmaceutical exports will be included in the agreement’s scope.

“Indian generic medicines account for a significant share of affordable drugs for American consumers, playing a key role in reducing healthcare costs,” Vaishnav noted.
“Implementing such punitive tariffs could disrupt global pharmaceutical supply chains and result in higher drug prices for US patients.”

He warned that both countries have a strategic healthcare partnership at stake, and undermining it could have far-reaching implications for the industry and public health.

Performance of Key Pharma Stocks

So far in 2025, the stock performance of Indian pharma firms heavily reliant on US exports has been underwhelming:

• Biocon: +5.87% YTD
• Gland Pharma: +4.73% YTD
• Zydus Lifesciences: Flat
• Aurobindo Pharma: –14.87% YTD
• Syngene: –25.46% YTD

This lackluster performance highlights broader investor caution amid growing geopolitical and trade uncertainties, especially as US policy continues to evolve during an election year.

The post Indian Pharma Stocks Under Pressure After Trump’s 200% Tariff Threat appeared first on The Gulf Indians.

Organized by the Abu Dhabi Heritage Authority, the festival serves as a dynamic platform that unites farmers, factory owners, companies, and investment institutions involved in date farming and related industries. The event emphasizes sustainable agricultural practices, knowledge exchange, and the promotion of local produce, particularly dates and fruits.

Spotlight on Emirati Heritage and Innovation

Coinciding with the UAE’s date harvesting season, the festival highlights the palm tree’s deep-rooted cultural and historical significance in Emirati identity. It plays a key role in enhancing the sustainability of agriculture and heritage, supporting farmers, and strengthening food security.

24 Competitions, Dh8.735 Million in Total Prizes

This year’s edition features 24 competitions, including:

• 12 Date Mazayna Contests for popular varieties such as Dabbas, Khalas, Fardh, Khenaizi, Buma’an, Shishi, Zamli, and the Largest Date Bunch.
• Elite date categories for Liwa, Al Dhafra, and Al Ain’s Fardh and Khalas.
• 7 Fruit Contests for local/mixed lemons, mangoes, red and yellow figs, and the Local Fruits Basket.
• 3 Model Farm Competitions across Western Villages, Eastern Villages, and Al Dhafra Cities.
• Creative contests such as the Most Beautiful Date Harvest Basket (Mukhrafa) and Palm Trunk Art.

Prize Breakdown Highlights

• Dabbas and Khalas Date Mazayna: 25 prizes each; Dh446,000 prize pool per category; top prize Dh100,000.
• Fardh, Shishi, Buma’an, Khenaizi, Zamli: 15 prizes per contest; Dh100,000 top prize.
• Al Ain Fardh and Khalas Dates: 15–25 prizes; same tiered structure.
• Liwa Elite Dates: Top prize Dh125,000; total pool Dh500,000+.
• Al Dhafra Elite Dates: First prize Dh200,000; total pool Dh700,000+.
• Largest Date Bunch: 15 prizes; top prize Dh50,000; total Dh234,000.
• Local Fruits Basket: First prize Dh200,000; total pool Dh400,000.
• Fruit Categories (Lemon, Mango, Fig): 10 prizes each; up to Dh234,000 in total.
• Model Farm Categories: Prize pool of Dh750,000 per category; first prize Dh300,000.
• Creative Competitions (Basket and Palm Trunk Art): 10 prizes each.

A Celebration of Culture and Community

The festival includes a rich programme of heritage events, daily performances, lectures, traditional markets, and interactive competitions that celebrate the UAE’s cultural legacy. Local families, craftsmen, and entrepreneurs showcase date-based products, palm crafts, and agricultural goods, contributing to the regional economy.

Educational initiatives, live quizzes, folkloric shows, and cultural evenings aim to deepen public understanding of the palm’s role in Emirati society while promoting intergenerational engagement.

Supporting Sustainability and Economic Growth

The festival also acts as a collaborative hub for farmers, researchers, agricultural companies, and policymakers, helping to advance Abu Dhabi’s long-term strategy for food security and sustainable farming. With thousands of visitors expected, the Liwa Date Festival continues to boost the Al Dhafra Region’s economy, while preserving the traditions of one of the UAE’s most cherished cultural symbols.

The post 21st Liwa Date Festival Begins in Abu Dhabi’s Al Dhafra Region with Over Dh8.7 Million in Prizes appeared first on The Gulf Indians.

According to an official statement, the move covers two categories:

• Foreign women married to Kuwaiti men who were never granted citizenship
• Foreign wives who previously held Kuwaiti nationality but had it revoked and currently reside in the country without legal status

Though the agency has not yet disclosed specific eligibility requirements, documentation procedures, or the implications of the policy, the announcement marks a cautious step towards addressing the legal uncertainty faced by families connected to stateless Kuwaiti citizens.

This initiative is seen as part of a broader government effort to resolve long-standing residency and documentation challenges affecting the Bidoon population and others living in legally vulnerable conditions.

The issue of stateless individuals in Kuwait has attracted growing attention from human rights groups and international organizations in recent years. However, as of now, no further clarifications have been issued by the agency regarding the next steps.

The post Kuwait to Accept Applications from Foreign Wives of Stateless Citizens in Bid to Address Legal Ambiguities appeared first on The Gulf Indians.

This strategic move comes in the wake of Kuwait’s recently approved Real Estate Developer Law and proposed reforms to enable mortgage financing by local banks — developments designed to attract foreign investment and accelerate housing solutions for Kuwaiti citizens.

With more than 100,000 families currently on the national housing waitlist, the Kuwaiti government is turning to public-private partnerships to fast-track development. Al Futtaim’s entry represents one of the most high-profile endorsements of this new investment environment.

Long-Term Commitment to Kuwait

Al Futtaim’s new venture was established through the Kuwait Direct Investment Promotion Authority (KDIPA) and is licensed to operate across a wide range of activities, including residential and commercial construction, project management, and urban development.

The company will be headquartered in Kuwait and operate under a 99-year renewable license, according to founding documents.

Known for creating integrated city concepts, Al Futtaim brings decades of experience in delivering vibrant, mixed-use communities. The group has already developed five master-planned projects across 11.8 million square meters, comprising 29,000+ residential units that accommodate over 114,000 residents.

Its portfolio includes iconic destinations such as Dubai Festival City, Ski Dubai, Magic Planet, and VOX Cinemas, showcasing its expertise in blending retail, leisure, and housing.

Kuwait’s Real Estate Sector in Transformation

Kuwait is currently reimagining its housing model, moving from traditional public housing systems to a new framework that empowers private developers. The Ministry of Housing has designated three mega residential projects — Sabriya, Nawaf Al Ahmad, and Khairan — expected to deliver around 170,000 housing units.

Under the new policy, private developers will construct homes exclusively for eligible Kuwaiti citizens, with pricing aligned to mortgage-based financing models to ensure long-term affordability.

The upcoming developments will feature flexible housing types, from compact villas to large plots over 1,000 sq. meters, with investment horizons extending beyond 30 years.

Kuwait’s Investment Landscape Expands

Foreign direct investment into Kuwait is steadily gaining traction. According to KDIPA, foreign investment inflows totaled KD 206.9 million last fiscal year, raising the cumulative total to KD 1.74 billion.

In the past year alone, 16 new foreign companies from 12 countries established operations in Kuwait. Currently, 95 global firms are active in sectors such as IT, insurance, healthcare, and, for the first time, agriculture.

European companies make up nearly 60% of all foreign investment, followed by firms from Asia (28.5%), North America (9.5%), and Africa (1.9%).

The post Al Futtaim Enters Kuwaiti Market with Launch of Kuwait Festival City appeared first on The Gulf Indians.

Both appointees hold senior positions within the Presidential Court — Sheikha Mariam as Deputy Chairperson for National Projects, and Sheikh Hamdan as Deputy Chairman for Special Affairs. Their leadership is expected to further the foundation’s mission of driving meaningful impact through philanthropy and inclusive development.

“The Mohamed bin Zayed Foundation for Humanity reflects the philanthropic legacy of our nation and the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan. It is an honour to continue guiding this commitment towards serving humanity,” said Sheikha Mariam.

The Foundation is focused on expanding human potential, improving global health, and empowering vulnerable communities through innovative and sustainable development initiatives. It aims to invest in scalable solutions that enable people around the world to thrive.

Global Vision and Impact

Over the next five years, the Foundation plans to impact the lives of more than 500 million people across 50+ countries, spanning Asia, Africa, and the Middle East. Its initiatives will align with global health priorities and inclusive development goals, reinforcing the UAE’s role as a global humanitarian leader.

The post Sheikha Mariam and Sheikh Hamdan Appointed to Lead Mohamed bin Zayed Foundation for Humanity appeared first on The Gulf Indians.

This decline led to a spike in remittances from the UAE and Saudi Arabia over the weekend, as non-resident Indians (NRIs) seized the chance to send money home at favorable rates.

What’s Behind the Rupee’s Fall?

The main factor impacting currency markets right now is the uncertainty surrounding US President Donald Trump’s ongoing global tariff strategies, including trade negotiations with India.

“Indian markets are watching the ‘deal or no-deal’ scenario closely,” said Neelesh Gopalan, Treasury Manager at a Dubai-based financial firm. “In the latter half of July, the dirham-rupee rate is forecast to stay above 23.4 and could even touch 23.5.”

Though this may concern some, it’s still more favorable for NRIs compared to earlier this year, when the rupee hovered around 23.0–23.2, with only occasional dips to 23.3. In mid-June, the rupee briefly fell to 23.62 during the Israel-Iran geopolitical tensions.

“The rupee may test 23.5 temporarily, but that’s likely to be short-lived,” said Subramanian Sharma, CEO of Greenback Advisory Services. “If recovery occurs, we could see a return to 23.3.”

What’s Next for NRIs?

Currency experts predict the rupee will trade in a range of 23.25 to 23.45 in the near term. However, any dip to 23.50 presents a potentially lucrative opportunity for Indian expats to remit funds home.

The post Dubai: Falling Rupee Brings Remittance Relief for Indian Expats in UAE appeared first on The Gulf Indians.

The landmark appointments were part of a broader reshuffle initiated by Attorney General Saad Al Safran, which involved transferring several prosecutors from local and specialized positions to senior ranks within the prosecution office.

In a statement, the Public Prosecution described the inclusion of women as “a precedent recorded for the first time,” emphasizing that the promotions were based purely on merit and professional competence.

“This decision reflects the well-deserved confidence in Kuwaiti women and their vital role in the criminal justice system,” the statement said, highlighting the nation’s growing commitment to equal opportunity and female leadership in public service.

The move aligns with directives from the Amir, Sheikh Meshal Al Ahmad Al Jaber Al Sabah, who has called for increased representation of qualified Kuwaiti nationals, especially in vital sectors such as the judiciary.

In a parallel development, Badr Al Masaad, currently First Chief Prosecutor and Head of the Attorney General’s Technical Office, has been appointed to lead the higher prosecution body.

The post Kuwait Appoints Women to Senior Prosecution Roles for the First Time appeared first on The Gulf Indians.

The July month Concert of the International Chamber was hosted from Aluva, Kerala on 11^th July, 2025 with the young and talented musician and artists.  On Vocal:  Kum. Anjana Anil, Aluva, Kerala, on Violin, Sri. Sainandan P V , on Mridangam and Sri. Navneeth Krishna and on Morsing Sri. Yadukrishnan T S were performed in the July month carnatic music concert.

Violin Acharyan, Tripunithura Aasthana Vidwan Sri. Nedumangad Sivanandan is the Chief Advisory Board Member of the International Chamber for Indian Music & Culture, an International Initiative of Parakkadathu Koyickal Trust. Parakkadathu Koyickal Trust has honoured Sri Nedumangad Sivanandan by presenting the 7th TRIPUNITHURA AASTHANA VIDWAN PURASKARAM in the year 2020 and during its Annual Celebrations and International Ganesha Sangeethotsavam. The Patron of Parakkadathu Koyickal Trust, Bhagavathacharya Smt. Nandini Nambishathiri had presented the Puraskaram in the presence of Trust President Sri PK Sreekumar, Secretary Sri. PK Jayakumar and Treasurer Smt. PK Sreedevi Varma. Sri Nedumangad Sivanandan is having strong bond with Tripunithura by contributing a major part of his life with Carnatic music artists and disciples located in Tripunithura.  He has taken a vital role in propagating Carnatic music and the Violin to generations to generations in Kerala.In 1960s Sri. Nedumangad Sivanandan was regularly participating in Concerts along with Tripunithura Asthana Mridanga Vidwan Late Sri. Ramavarma Kochunni Thirumulpad, the father of Parakkadathu Koyickal Trust’s Patrons. Sri. Nedumangad Sivanandan is having morethan 60 years of family friendships with Parakkadathu Koyickal Trust. PK Sajith Kumar Varma, the Managing Trustee and Settlor of Parakkadathu Koyickal Trust is also one of the students of Sri. Nedumangad Sivanandan.

During the Special Speech, Violin Acharyan Tripunithura Aasthana Vidwan Sri. Nedumangad Sivanandan Said that, “I am very happy with the International Chamber’s decision to hold this month’s concert in conjunction with my 90th birthday celebrations.  I have received Tripunithura Aasthana Vidwan Puraskaram from Parakkadathu Koyickal Trust in the year of 2020 and I consider it the greatest recognition I have received from Tripunithura.  My friendship started with Tripunithura Aasthana Mridanga Vidwan Late Sri. Rama Varma Kochunni Thirumulpad and his family since 1960 and still I am continuing.  I am also proud to hold the Honorary position as the Chief Advisory Board Member of the International Chamber for Indian Music and Culture, which operates under the Parakkadhu Koickal Trust.  The International Chamber with the Patronage of Padma Bhushan Shri T V Gopalakrishnan and runs by eminent scholars, musicians, artists and professionals in the field of music, including Shri Tripunithura N Radhakrishnan as one of the Chief Advisory Board Members, are the great success of International Chamber. That’s the strength of International Chamber and to organize innovative platforms like International Ganesha Sangeethotsavam, which is organizing continuously for the past 5 years by including Singers and Artists from over 12 countries. Sangeethotsavam is providing opportunities for musicians and artists at the international level”. Said Sri. Sivanandan.

“Violin Acharyan Sri. Nedumangad Sivanandan is a role model as an artist, teacher, and a model of how to behave in the community in the Carnatic Music Industry. I have known Sivanandan Sir for the past 55 years, and until today, Sir is very punctual in attending concerts and classes. I didn’t see him raising his voice or exhibiting misbehavior to anyone, including his students or artists. A large number of Disciples who are spread across India and abroad are the largest asset in his life, and with his blessings, almost all his students are well-performing and have reached the highest positions in the various Departments and Organizations. He is teaching all of us a lesson and giving examples of how an artist should behave and live with acceptance in the community. Sivanandan Sir has participated in the Violin for the majority of the concerts, with my father, Late G Narayana Swamy, playing on Mridangam. Sivanandan Sir has supported, promoted, and blessed me a lot to reach this position in the Carnatic Music industry. My family is very happy when our GN Swamy Sangeetha Vidyalayam is reaching to the 25th year and from day one onwards, Sivanandan Sir is with us by giving proper advice to us and teaching students”. Said Tripunithura Aasthana Vidwan Sri. Tripunithura N Radhakrishnan, Chief Advisory Board Member of the International Chamber, PK Koyickal Trust.

“Sruthi Mathaa.. Laya Pithaa, the theme which we have selected for the monthly concert series to empower musicians, artists, and also for all music lovers. This is the 5th consecutive month of international classical concert organizing by International Chamber, and I am delighted to announce that this month’s concert we are dedicating to the Violin Acharyan, our Chief Advisory Board Member, Tripunithura Aasthanavidwan Sri Nedumangadu Sivanandan Sir, during his 90th Birthday celebrations.  The lyrics, along with raga and thala, are making Carnatic music keerthanas to render a musician to god.  Purandara Dasa is revered as the “father of Carnatic music” for his foundational contributions to its teaching methodology. The “Trinity of Carnatic music” – Tyagaraja, Muthuswami Dikshitar, and Syama Sastri – are celebrated for their prolific compositions and significant influence on the genre. From Kerala, Maharaja Swathi Thirunal’s lyrics also significantly influenced in Carnatic Music World. Under the roof of Parakkadathu Koyickal Trust, today, International Chamber become the highly influencing International platform to promote Carnatic Music and to support talented, upcoming and professional Musicians and Artists internationally. 5 years International Ganesha Sangeethotsavam, which is connected with 12+ countries and monthly concerts, all are unique to the Carnatic Music world.  I am proud to hold the Honorary position as the Head of the Department of Arts and Literature at International Chamber for Music and Culture, PK Koyickal Trust”.  Said Tripunithura Aasthana Vidwan Dr. Jayaprakasha Sharma during his Keynote Speech.

Sri. Edappally Jaimohan, the Head of the Department of Violin, International Chamber, commented during his felicitation speech that “I have been privileged under the tutelage of Sivanandan Sir since the young age of 12.  His dedication and sincerity to his disciples, concerts, and altogether to the entire Carnatic music amazed me since the day I started my tutelage under him. I have always felt that he is the perfect role model not only to the Violinsts but also to the artist fraternity.  I am thankful to god that I have been provided with an experience of his tutelage for so many years, and I am extremely thankful to the International Chamber for allowing me to felicitate my Guru during this celebration Guruji@90. I take this opportunity to pray to the almighty that he continues to inspire and amaze us with his dedication and energy for the years to come”.

Sri. Raj Mohan Varma, Vice-Chairman of International Chamber has delivered the official Welcome Address, Sri. P K Sajith Kumar Varma, International Co-ordinator of International Chamber has delivered Vote of Thanks in the programme Function.  

Surthi Mathaa Laya Pithaa carnatic classical music concert series, the first of its kind in the Carnatic Music history to provide international platform for NRIs and Domestic musicians and artists to perform through its monthly concerts internationally. Alternative months the musical concerts will host from India and Internationally.

International Chamber for Indian Music & Culture is an international initiative of Parakkadathu Koyickal Trust (PK Koyickal Trust), Tripunithura, Kerala and which is affiliated with Kerala Sangeetha Nataka Akademi, the Govt. of Kerala has launched first of its kind Carnatic Music Online Monthly Concerts for NRIs and Domestic Musicians and Artists.

Nadam , Swaram, Shruthi, Ragam, Thalam…. – In Carnatic music SRUTHI or PITCH is considered as the MOTHER and LAYAM or RHYTHAM from THAALAM is considered as the FATHER of each Geetham, Varnam and Keerthanas. “Sruthi MAATHA Laya PITHAA”.. The International Chamber will be dedicated INTERNATIONAL CHAMBER MONTHLY ONLINE CARNATIC MUSIC CONCERT to all esteemed MOTHER’S in the name of Goddesses Durga Devi, Lakshmi Devi and Saraswathy Devi. Minimum of 6 concerts will be organized from India and 6 concerts from Internationally.  

The International Chamber will be organizing Monthly Concerts on EVERY 2^nd FRIDAYS and this is the yet another International Initiative of Monthly International Concerts from Tripunithura, The Royal City of Kerala.  

Monthly Concerts are focused to promote and propagate Carnatic Music along with Talented, upcoming and amateur Musicians and Artists Internationally. Each monthly programme will be telecasted through PK Koyickal Trust, various Media and Channels of India and abroad as well.  PK Koyickal Trust International Chamber will conduct Carnatic Music Concerts monthly by providing opportunities for NRI Musicians and Artists in alternative months and will provide Domestic Musicians and Artists subsequently to perform in this first of its kind international platform.  Currently International Chamber is connected musicians and artists from 12 Countries and planning to provide more opportunities to them through these monthly programmes.

Website: www.pkkoyickaltrust.com

Whatsapp +91 8281690442

The post INTERNATIONAL CHAMBER HOSTS “SRUTHI MATHAA..LAYA PITHAA” JULY CARNATIC MUSIC CONCERT IN HONOUR OF GURUJI@90 CELEBRATIONS appeared first on The Gulf Indians.

The newly introduced legislation establishes a unified framework for the classification of contractors, linking their categorization to specific technical capabilities and operational capacity.

The law is expected to enhance transparency across the construction sector, foster better coordination among concerned authorities, and ensure a more consistent and efficient regulatory environment for developers, contractors, and related stakeholders.

Authorities believe that the move will support sustainable urban development while aligning construction practices with the emirate’s long-term economic and infrastructural goals.

The post Dubai: Sheikh Mohammed Issues New Law to Regulate Contracting Sector appeared first on The Gulf Indians.

In a social media update, RTA confirmed that the diversion will remain in effect until project completion, although no specific end date has been announced.

Key Route Changes:

• Left turns and main lanes on King Salman Street — for vehicles traveling from the Marina area towards Jumeirah and Dubai Harbour — will be closed.
• Traffic will be redirected through a detour route:
  • From Al Marsa Street
  • To Al Khayay Street
  • Then via Al Naseem Street
  • Before merging back onto King Salman Street

Advisory to Motorists:

RTA has urged drivers to:

• Plan trips ahead of time
• Start early to avoid delays
• Avoid peak traffic hours where possible

The authority also advised all road users to follow directional signs and real-time traffic updates to ensure a safer and smoother commute during the diversion period.

The bridge construction project forms part of broader infrastructure enhancements aimed at improving connectivity to Dubai Harbour, one of the city’s premier waterfront destinations.

The post Dubai: Temporary Traffic Diversion Near Dubai Harbour from July 13, RTA Announces appeared first on The Gulf Indians.

In an announcement shared on X (formerly Twitter), the Commission confirmed that the expropriation affects several key areas, including:

• The Second Eastern Ring Road Project
• The Al Thumama Road Corridor Project
• The Prince Mishaal bin Abdulaziz Road Project
• Areas surrounding the Wadi Laban suspension bridge, where twin bridges will be constructed
• The Western Ring Road–Jeddah Road interchange

Property owners in the affected zones are requested to submit relevant documentation electronically to initiate the compensation process. For assistance, a unified contact number — 8001240800 — has been made available.

SAR 13 Billion Phase 1 Rollout

The expropriation announcement comes following the Commission’s board approval of “Group One”, the first phase of the Road Axes Development Program. This phase will see four major contracts awarded, with a combined value exceeding SAR 13 billion (USD 3.5 billion). Additional phases are expected to follow with further contract announcements in the coming months.

Key Projects Under Group One:

• Second Southern Ring Road:
  A 56-kilometer expressway connecting Al Kharj Road in the east to Jeddah Road in the west. The corridor will feature four main lanes and three service lanes in each direction, with 10 major intersections and 32 bridges.
• Wadi Laban Twin Bridges and Western Junction Redevelopment:
  The construction of two parallel bridges beside the Wadi Laban suspension bridge and a redevelopment of the Western Ring Road–Jeddah Road interchange, spanning four kilometers and four new bridges.
• Al Thumama Road Upgrade:
  A six-kilometer upgrade of the western stretch of Al Thumama Road, running from King Khalid Road to King Fahd Road, enhancing traffic flow in a key business and residential area.
• Taif Road Extension:
  A 16-kilometer extension of Taif Road in the Laban district, connecting the city’s western edge to the Qiddiya project, one of Saudi Arabia’s major Vision 2030 entertainment and tourism hubs.

The Road Axes Development Program represents one of Riyadh’s most ambitious infrastructure efforts to date, and aligns with the Kingdom’s Vision 2030 goals of urban transformation, mobility enhancement, and economic diversification.

The post Riyadh Launches Massive Road Development Plan, Begins Property Expropriation Process appeared first on The Gulf Indians.

The move primarily applies to those whose Kuwaiti citizenship was rescinded under the “Grand Acts of Worship” clause—a category typically awarded for exceptional moral or religious service. The Ministry emphasized that the policy reflects Kuwait’s commitment to justice, transparency, and orderly governance.

Key Provisions of the Policy

• Continued Use of Passport: Affected individuals may continue using their Kuwaiti passports for four months from the date of citizenship withdrawal. This provision applies retroactively to all prior cases and prospectively to future ones, giving individuals time to secure documentation from their country of origin.
• Residency and Travel Documents: The Ministry urges affected individuals to immediately coordinate with their embassies to obtain foreign passports or legal residency papers. Those who fail to initiate this process within three months risk losing remaining benefits—unless they can show active attempts to resolve their status.
• Employment Rights: Individuals may continue working in existing government or affiliated jobs, but are no longer eligible for senior or supervisory roles.
• Education: Current diploma, university, and postgraduate students are permitted to continue their education and retain any previously awarded scholarships.
• Housing:
  • Individuals may retain one private residence in Kuwait.
  • Those with multiple spouses may keep more than one home.
  • Beneficiaries of land and full housing loans must repay their Credit Bank loan within one year.
  • Those who received land but haven’t built homes must complete construction and occupancy within two years, at their own expense.
• Property and Assets:
  • Individuals may still own private vehicles and sponsor domestic workers, subject to existing regulations.
  • They lose the right to own state assets such as chalets, farms, or commercial/industrial plots, which must be transferred within five years to a first-degree Kuwaiti relative without incurring transfer fees.
  • Privately-owned commercial or investment properties must also be transferred through sale, gift, or legal assignment within five years.

Termination of Benefits

All rights and entitlements under this policy will be immediately revoked if the individual:

• Is convicted of a felony, or crimes involving honor, trust, national security, or religious offenses.
• Fails to secure legal residency or reclaim original nationality within one year of the decree’s publication.

Grievance Process

Individuals have the right to file appeals with the Citizenship Withdrawal Grievance Committee, formed under Cabinet Resolution No. 207 of 2025, and amended by Resolution No. 493 of the same year.

The Ministry described the move as a balanced approach that ensures affected individuals have time and guidance to resolve their legal status, while also protecting national interests and legal consistency.

The post Kuwait Grants One-Year Grace Period for Individuals with Revoked Citizenship to Adjust Legal Status appeared first on The Gulf Indians.

With nearly 45,000 square kilometres of water bodies, a 2,400-kilometre coastline, and 230 islands, Abu Dhabi’s maritime environment is a critical part of its economy, heritage, and lifestyle. The new bylaw is designed to regulate the use of these waters for both commercial and recreational purposes by introducing uniform operational guidelines and safety protocols.

Key Provisions of the Maritime Bylaw

The regulatory framework outlines the roles and responsibilities of all maritime stakeholders and addresses:

• Licensing and permitting for vessels and operations
• Environmental protection and anti-pollution measures
• Safe operational conduct
• Emergency preparedness and response

Particular focus is placed on preserving marine ecosystems and protecting the emirate’s natural heritage.

Implementation and Enforcement

Abu Dhabi Maritime, a DMT affiliate working in collaboration with the Integrated Transport Centre (Abu Dhabi Mobility), has been appointed as the primary implementation body for the new regulations. Its responsibilities will include:

• Conducting inspections and audits
• Removing wrecks and managing infrastructure
• Installing and maintaining navigational aids

Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre, emphasized the importance of the initiative, stating:

“These regulations reflect Abu Dhabi’s commitment to achieving the highest standards of safety across all transport sectors. With this integrated framework, we aim to enhance maritime efficiency, safeguard our environment, and support our long-term vision of a sustainable and resilient maritime sector.”

Penalties and Compliance

To support enforcement, the DMT has established a structured system of fees and fines. These include:

• Service fees for licenses, permits, and inspections
• Fines for violations such as unsafe practices, environmental infractions, and navigation breaches

The regulations will officially come into effect once published in the Official Gazette of Abu Dhabi.

Promoting Maritime Best Practices

Abu Dhabi Maritime also reaffirmed its commitment to health, safety, environmental protection, and operational excellence across all waterways. As part of its ongoing outreach, the body provides:

• Access to legislation and safety codes
• Tidal and weather information
• Best practice guidelines for all users

These efforts are aligned with directives from Abu Dhabi’s leadership and aim to maintain the emirate’s position as a world-class maritime hub.

The new regulatory framework is expected to enhance coordination, promote environmental stewardship, and ensure that Abu Dhabi’s waterways continue to serve as a safe and vital asset for generations to come.

The post Abu Dhabi Issues Comprehensive Maritime Safety Regulations to Promote Safe, Sustainable Waterway Use appeared first on The Gulf Indians.

The Real Estate General Authority will soon identify the areas eligible for foreign investment, expected to include high-demand locations such as Riyadh and Jeddah.

“Detailed executive regulations will be made public within six months via the ‘Istitlaa’ platform for public feedback,” said Naveen Sharma, Chairman of the Taxation Society.

Investment Hotspots and Demand

Recent off-plan launches in the Kingdom, including high-end developments like the Trump Tower in Jeddah, have attracted strong interest from domestic investors. Two additional Trump-branded projects, including one potentially in Riyadh, are expected to follow.

According to real estate experts, two main categories of foreign investors are likely to be drawn to Saudi Arabia’s market:

1. GCC-based business owners seeking a permanent base in the Kingdom.
2. Global investors seeking long-term returns from a growing real estate market expected to perform strongly over the next 5–10 years.

What Foreign Investors Must Know

• Residency Requirements: Previously, a valid residency permit (Iqama) was required for foreigners to buy residential property.
  But under the 2025 reforms, non-resident foreigners can now invest in major Vision 2030 projects such as NEOM and the Red Sea Project—provided they meet the minimum investment thresholds.
• Property Limits: Foreign individuals can own only one residential property at a time. They must sell the existing property before buying another.
• Land Restrictions: Foreigners are not permitted to buy undeveloped land for speculation. However, they can acquire land in Special Economic Zones (SEZs) like NEOM for large-scale development projects worth SAR 30 million or more.
• Development Timeframe: Large-scale foreign property projects must be developed within five years of purchase.
• No Residency Guarantee: Buying property does not grant residency rights. Foreigners seeking premium residency (Saudi Arabia’s version of a “green card”) must invest at least SAR 800,000 as a one-time fee or qualify through special status.

Tax and Fees Overview

• Real Estate Transaction Tax (RETT): 5%
• White Land Tax: 2.5%
• VAT on commercial leases: 15%

Property transfers must be officially registered with authorities — typically through the Notary Public or electronic title registry. Administrative fees are modest, with title deed registration often costing around 1% of the property’s value, usually paid by the buyer.

Special Economic Zones Offer Flexibility

“Saudi Arabia’s Special Economic Zones (SEZs) offer a more flexible regulatory framework for international investors,” Sharma added. These zones are designed to facilitate foreign participation through streamlined processes, reduced red tape, and potentially more relaxed ownership conditions — all depending on project-specific policies.

With this legislative reform, Saudi Arabia is positioning itself as a major global investment destination in the real estate sector, aligning with its broader Vision 2030 goals of economic diversification and international collaboration.

The post Dubai ∙ Saudi Arabia Opens Real Estate Market to Foreign Investors With New Regulations appeared first on The Gulf Indians.

According to NDTV, the emotional appeal was relayed through Babu John, an activist with the Save Nimisha Priya International Action Council. He said Nimisha has specifically asked Prime Minister Narendra Modi to step in swiftly.

“She is hopeful that she will be saved if the Indian government acts quickly,” John told NDTV.

$1 Million Blood Money Offer on the Table

Efforts are underway to offer the victim’s family $1 million (approximately ₹8.6 crore) as blood money. Samuel Jerome, the family’s legal representative, is currently in Sana’a negotiating the deal. However, the victim’s family has yet to accept or reject the offer.

“We have proposed $1 million, and the family has not given a final response. If they agree, we are ready to mobilize the amount immediately,” John said.

Nimisha’s Background and the Incident

Nimisha Priya, a 37-year-old nurse from Kerala, moved to Yemen in 2008 for work. She initially served in hospitals before opening her own clinic. Yemeni business law required her to have a local partner, and she entered into a partnership with a man named Talal Abdo Mehdi.

Reports suggest that Nimisha was subjected to repeated harassment and abuse by Mehdi, who also allegedly confiscated her passport. In 2017, in what activists describe as a desperate attempt to retrieve her documents and escape, she injected him with sedatives. He died, and she was arrested while trying to flee the country.

Husband, Activists Remain Hopeful

Nimisha’s husband, Tomy Thomas, said he is in regular contact with her via text and voice messages.

“The central and state governments, as well as the Ministry of External Affairs, are involved,” he told ANI. “We are hopeful of a positive outcome.”

He added that even the Governor of Kerala has extended support and facilitated communication with Nimisha’s mother through video conferencing.

Limited Legal Options Remain

All formal legal avenues have been exhausted. The Yemeni Supreme Judicial Council upheld the conviction in November 2023, and the country’s president signed the execution order. Yemen’s laws allow for two outcomes in murder cases:

• Qisas (retributive justice, i.e., execution)
• Pardon in exchange for diya (blood money)

“We are appealing to the family to show mercy, whether or not they accept the money,” said John.

No Diplomatic Ties, But Growing Support

The lack of diplomatic relations between India and the Houthi-led administration in Yemen has complicated intervention efforts.

“The civil war and the absence of formal diplomatic channels make it difficult. But India is a regional power, and Prime Minister Modi has strong international standing. His intervention can make a difference,” said John.

Nimisha’s Role in Prison and Ongoing Campaign

Since her arrest, Nimisha has been serving fellow inmates as a medical professional in prison. According to activists, she is in regular contact with her family and remains mentally strong and hopeful.

“She serves as a doctor in jail and even has daily communication with us through the support of jail authorities,” John noted. “Even the Yemeni prison staff want her to be saved.”

The Save Nimisha Priya International Action Council, formed in 2020, continues to rally support both in India and abroad.

“This is not just about one individual. This case will be a test of how India protects its citizens abroad — especially women and migrant workers,” John said.

The post Nimisha Priya Appeals to Indian Government as Execution Date Nears in Yemen appeared first on The Gulf Indians.

Despite the growing popularity of UPI among Indian visitors and residents, the current onboarding process for NRIs is too complex, say senior financial industry sources in the UAE.

“What we need is a simplified registration process that allows onboarding using alternative KYC measures such as Emirates ID and passport,” said Dr. Sahitya Chaturvedi, Secretary-General of the Indian Business & Professional Council (IBPC).

He also suggested that the system should allow UAE-issued debit/credit cards or bank accounts to be linked for transactions in India, enabling a seamless cross-border digital payment experience.

NRIs Can Now Use UAE Mobile Numbers for UPI Transfers

Recently, UAE-based remittance platforms began notifying Indian customers that they can now send money from their UPI-linked NRE/NRO accounts using their UAE mobile number. Earlier, this service was restricted to Indian mobile numbers registered with their accounts.

“For mid-income and blue-collar NRIs, reducing compliance hurdles and clarifying tax implications can greatly accelerate fintech adoption under the India-UAE CEPA framework,” added Dr. Chaturvedi, who is also the Head of Internal Audit at Ajmal Perfumes.

UPI for Indian Tourists: A Game-Changer?

UPI’s functionality is expected to be a major boost for Indian tourists in the UAE. The upcoming integration with the UAE’s digital payments infrastructure will allow Indian travelers to make payments with just their smartphones — no need for credit cards or cash.

However, UPI-based payments can currently only be used at UAE retail outlets that are UPI-enabled, noted Nilay Singh, BFSI Convener at IBPC Dubai and CEO of SBI.

Despite this, credit cards remain the preferred choice for most Indian visitors.

“Familiarity, wider acceptance, and perks like reward points make credit cards more attractive,” said Krishnan Ramachandran, CEO of Barjeel Geojit Financial Services.

He added, “Credit cards offer deferred payment options and global usability without immediate bank deductions – features that appeal to many travelers.”

What Needs to Change?

To drive wider adoption, UPI platforms must match the benefits credit cards offer, especially for frequent travelers. While UPI is a cost-effective solution, limited awareness and patchy global acceptance remain challenges.

“UPI is indeed cheaper for cost-conscious travelers – but only where accepted,” Ramachandran pointed out.

Other Payment Options for Indian Tourists in the UAE

According to Nilay Singh, the Local Currency Settlement (LCS) agreement between India and the UAE has opened up new avenues for rupee-based payments. Under the new RBI amendments, UAE businesses can open Special Non-Repatriable Rupee (SNRR) accounts. However, this is mostly used in gold purchases and hasn’t yet seen broader consumer adoption.

Here are some of the popular payment options for Indian travelers in the UAE:

• International Debit Cards: Indian banks offer Visa/Mastercard debit cards for international use.
• ‘Vishwa Yatra’ Prepaid Cards: Pre-loaded with multiple currencies, usable for withdrawals and purchases.
• Credit Cards: Still the most common method of payment for Indian tourists.
• RuPay Global Cards: Can be used for international payments at select partner merchants.
• Digital Wallets & Payment Links: Often used by merchants for seamless transactions.

As India and the UAE deepen fintech cooperation, simplifying UPI access for NRIs and tourists could become a turning point in cross-border digital finance.

The post UAE: Why Indian Expats Need Simpler UPI Registration Options appeared first on The Gulf Indians.

By dynamically adjusting signal timings based on real-time data and predictive modelling, the system represents a major leap forward in intelligent transportation. The use of digital twin simulations enables RTA to test and refine traffic signal changes before implementation, enhancing operational efficiency—particularly at high-traffic intersections and during peak hours.

Key Features of the UTC-UX Fusion System:

• Real-time traffic prediction to optimise signal timings
• Digital twin modelling for pre-activation signal simulations
• Sensor data integration for ongoing performance optimisation
• Priority-based traffic management to improve vehicle flow

Measurable Impact:

• Up to 20% reduction in journey times on major city roads
• Improved intersection performance and smoother peak-hour traffic
• Enhanced overall mobility and commuting efficiency

The deployment of the UTC-UX Fusion system aligns with Dubai’s long-term vision to become a global leader in smart city innovation and sustainable urban transport. By leveraging AI and simulation-driven planning, the system enables faster response times, smarter traffic control, and a more seamless experience for both residents and visitors.

The post Dubai Introduces AI-Powered UTC-UX Fusion System to Optimise City Traffic Flow appeared first on The Gulf Indians.

Pioneering Digital Transformation

At the HBC International Awards, presented by the Harvard Business Council, Dubai Municipality claimed first place in two categories for its Robotic Process Automation (RPA) initiative. The project, which automates and streamlines procurement processes, plays a vital role in advancing Dubai’s smart city vision.

The RPA initiative also earned the Gold Award from the Noble Business Awards and received further accolades from the Globee Awards for Technology, underscoring its innovative impact on public sector digitalisation.

Excellence in Risk Management

In the domain of risk mitigation, the Municipality won top honours at the 2025 IIRSM Awards, with its Hair Dye Safety Assessment named Most Impactful Risk Research. The initiative reinforces Dubai Municipality’s commitment to product safety and public health protection.

Achievements in Construction Technology

Dubai Municipality also stood out at the Construction Technology Confex Awards, where it won:

• Best BIM Organisation of the Year for its work in Building Information Modelling (BIM)
• Sustainable Project of the Year for the innovative Waste-to-Energy Centre in Warsan, which reflects Dubai’s strong focus on sustainability and clean energy solutions

Recognised for Institutional Excellence

The Municipality’s organisational development efforts were recognised at the International Quality Awards, where it secured first place in the Best Quality Team category for its Integrated Management System (IMS). The IMS has significantly improved procedural efficiency and operational performance across the organisation.

Community Engagement and Volunteerism

As part of its dedication to civic engagement, Dubai Municipality was honoured at the 22nd Sharjah Volunteer Award in the Volunteer Opportunities Creation category. The award recognised the success of the long-running “An Hour with the Cleaning Engineer” initiative, which has attracted over 21,000 volunteers and 300+ participating entities since its launch in 2017.

Global Recognition for Health and Safety

International recognition was also earned in the field of health and safety. The US National Safety Council (NSC) awarded its Rising Star Award to Engineer Mohamed Aldhanhani for his contributions to global workplace safety. Engineer Sultan Aldahmani was similarly commended for his innovative efforts in occupational safety.

In addition, Dubai Municipality received the Silver Award from the Royal Society for the Prevention of Accidents (RoSPA) and was commended for maintaining the highest safety standards on Dubai’s public beaches, ensuring safe and inclusive environments for all residents and visitors.

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