Author: News Desk

The U.S. Securities and Exchange Commission (SEC) marked a historic moment by approving the first U.S.-listed exchange-traded funds (ETFs) designed to track bitcoin, a significant development for the cryptocurrency industry. The green light was given to 11 applications, with notable players like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck securing approval. Despite concerns raised by some officials and investor advocates regarding potential risks, the SEC’s decision sets the stage for a new era in the crypto market. Expected to commence trading on Thursday, the approved ETFs will likely spark intense competition among issuers for market dominance. A decade in the…

The Board of Directors of NEOM has introduced Aquellum, an avant-garde luxury and experiential space nestled within the mountains, marking a significant addition to the ongoing regional development in northwest Saudi Arabia. Rooted in cutting-edge technology, innovative architecture, and forward-thinking concepts, Aquellum promises guests a glimpse into futuristic living through its groundbreaking experiences. Nestled discreetly along the Gulf of Aqaba coastline and concealed within a breathtaking 450-meter-high mountain range, Aquellum forms a futuristic ecosystem seamlessly integrated into its natural surroundings. Crafted to ignite originality and imagination, Aquellum aims to redefine conventional design and construction boundaries. Accessing Aquellum is an extraordinary…

Mark Zuckerberg’s foray into the world of high-quality beef cattle at his Ko’olau ranch on Kauai, Hawaii, is facing criticism for being perceived as out of touch and environmentally irresponsible. The Meta billionaire’s ranch, where cows are fed macadamia nuts and beer, has raised eyebrows and stirred controversy. A Billionaire’s Unusual Ranching Methods Critics are labelling Zuckerberg’s cattle-raising project as “a billionaire’s strange sideshow,” emphasising concerns about its environmental impact. The ranch, spanning 1,400 acres and valued at $100 million, not only houses cattle but also features an underground bunker and various energy projects, according to recent investigations. Environmentalists Slam…

In a significant development, six countries—France, Germany, Italy, Spain, Japan, and Singapore—have claimed the top position in the 2024 Henley Passport Index. This achievement grants their citizens visa-free access to an unprecedented 194 destinations out of a total of 227 across the globe, according to data from the International Air Transport Association (IATA). Dr. Christian H. Kaelin, Chairman of Henley & Partners, emphasised the widening global mobility gap, pointing out that the top-ranked countries now enjoy a remarkable 166 more visa-free destinations than Afghanistan, which ranks at the bottom with access to only 28 countries without a visa. The global…

The upcoming community reception, titled ‘Ahlan Modi,’ where Indian Prime Minister Narendra Modi is set to address the expatriate community in Abu Dhabi, has garnered an exceptional response, with as many as 20,000 registrations to date. The event is scheduled to take place at Zayed Sports City Stadium on February 13. Largest Community Reception in the Making Organised as the largest community reception for Prime Minister Modi, the event has generated immense interest, as highlighted by a key member of the organising committee. The venue, chosen strategically at the Zayed Sports City Stadium, is expected to be filled to its…

During the inauguration of the Vibrant Gujarat Global Summit, Nepal’s Finance Minister, Prakash Sharan Mahat, announced a historic long-term power purchase agreement with India. The agreement signifies a substantial leap in energy cooperation between the two neighboring nations, aiming to export a colossal 10,000 megawatts (MW) of electricity to India over the next decade. Transformative Impacts on Nepal’s Hydropower Sector and Investment Landscape Minister Mahat emphasised the potential of the power purchase agreement to unlock significant investment opportunities in Nepal’s hydropower sector. By exporting a massive amount of electricity to India, Nepal foresees an economic boost and a pivotal role…

IndusInd Bank has unveiled a new financial offering, the ‘IndusInd Bank Samman RuPay Credit Card,’ in collaboration with the National Payments Corporation of India (NPCI). Launched on January 9, 2024, this UPI-enabled credit card is specifically tailored to cater to the unique needs of government sector employees. Designed Exclusively for Government Employees: The primary focus of the IndusInd Bank Samman RuPay Credit Card is to cater to government sector employees, aiming to provide them with a suite of exclusive benefits to elevate their banking experience. This collaboration between IndusInd Bank and NPCI targets a specific demographic, tailoring financial solutions to…

In a significant move towards sustainable transportation, the Indian government is strategizing the creation of electric vehicle-ready highways along the Golden Quadrilateral. The ambitious plan aims to cover 6,000 km of these eco-friendly routes over the next seven years, aligning with the Vision 2030: PM Public Transport Sewa initiative. Accelerating E-Mobility Adoption: The government envisions this extensive network of e-highways as a catalyst for the accelerated adoption of electric mobility. The focus is on supporting the deployment of e-buses throughout the country, fostering an ecosystem that thrives on green energy-enabled charging infrastructure. Integration with Vision 2030: PM Public Transport Sewa:…

Prime Minister Narendra Modi Vibrant Gujarat Global Summit 2024 in Gandhinagar said that it is the responsibility of the government that India should be a developed nation by 2047. On Tuesday, a bilateral meeting was held between Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan where several MoUs were signed. The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS). PM Narendra Modi said, “The participation of UAE President Sheikh Mohammed bin Zayed in this Summit, is a matter of great joy for us. His presence as…

The 10th edition of the Vibrant Gujarat Global Summit saw a significant boost in relations between the United Arab Emirates (UAE) and India. The summit, held in Ahmedabad, Gujarat, provided a platform for leaders, government officials, and business professionals to engage in discussions and forge collaborations. The visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, who was the chief guest, marked a pivotal moment in strengthening ties between the two nations. Bilateral Meeting and MoUs: Ahead of the summit, Prime Minister Modi engaged in a bilateral meeting with President Sheikh Mohamed bin Zayed Al Nahyan, signifying…