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Admin Dubai, UAE — In a landmark ruling, the Dubai International Financial Centre (DIFC) Court has directed BR Shetty, founder of the now-collapsed NMC Healthcare, to pay $45,997,554.59 (approximately $46 million) to State Bank of India (SBI), ruling that Shetty lied under oath and had indeed signed a personal guarantee for a loan. What the Court … Read more
The United Arab Emirates (UAE) continues to solidify its position as a prominent player in the global foreign exchange (FX) market. In 2024, the UAE FX market was valued at approximately USD 4.15 billion and is projected to reach USD 7.4 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.62% . Key … Read more
In April 2025, Singapore’s foreign exchange (FX) market experienced a significant surge, with average daily trading volumes reaching US$1.485 trillion. This marks a 60% increase from April 2022, solidifying Singapore’s position as the third-largest FX trading hub globally, following the United Kingdom and the United States. The growth was broad-based across currencies, with notable increases … Read more
🇸🇬 Monetary Authority of Singapore Maintains Policy Amid Resilient Growth The Monetary Authority of Singapore (MAS) is expected to keep its monetary policy unchanged during its scheduled review on October 14, 2025. Analysts anticipate this decision due to the nation’s steady economic growth, despite challenges such as U.S. trade tariffs. Core inflation remains subdued, and … Read more
Singapore’s startup ecosystem has experienced significant growth in 2025, with a notable increase in venture capital funding and the emergence of innovative startups across various sectors. 📈 Record-Breaking Funding in Q3 2025 In the third quarter of 2025, Singapore startups secured a combined $2.4 billion in venture capital funding, nearly tripling the amount raised during … Read more
Dubai’s flagship startup event, Expand North Star 2025, is currently underway at Dubai Harbour from October 12–15, marking a decade of innovation and global collaboration. Organized by the Dubai World Trade Centre (DWTC) and hosted by the Dubai Chamber of Digital Economy, the event has attracted over 2,000 startups and 1,200 investors from 180 countries, … Read more
🌟 Key Highlights 💡 Notable Startup Developments 📊 Sector Trends 🌐 Global Engagement The UAE’s strategic location and supportive infrastructure make it an attractive hub for international startups and investors. Events like Expand North Star 2025 underscore the country’s role in fostering global innovation and partnerships.
GITEX Global 2025 Showcases Technological Innovations The 45th edition of GITEX Global, the world’s largest tech exhibition, commenced in Dubai on October 13, 2025. The event features over 6,800 tech companies and 2,000 startups from 180 countries, showcasing advancements in AI, quantum computing, biotechnology, and sustainable technology. UAE President Sheikh Mohammed bin Rashid Al Maktoum … Read more
Hyundai Motor Group, NTU, and A*STAR Launch Corporate Lab Hyundai Motor Group, in collaboration with Nanyang Technological University (NTU) Singapore and the Agency for Science, Technology and Research (A*STAR), has inaugurated a Corporate Lab at the Hyundai Motor Group Innovation Center Singapore (HMGICS). This lab focuses on advanced technologies such as AI, robotics, and 3D … Read more
Strengthening AI Governance and Global Collaboration Singapore continues to lead in AI governance by enhancing its AI Verify framework, which now includes tools for evaluating generative AI systems. At the AI Action Summit in Paris earlier this year, Singapore launched the Global AI Assurance Pilot, aiming to establish best practices for testing generative AI applications. … Read more