Latest news with #AhmedbinSaeedAlMaktoum
Time of India
5 days ago
- Business
- Time of India
CM hold talks with UAE foreign trade minister, Emirates Airlines
Bhopal: On the second day of his visit to the UAE, chief minister Mohan Yadav visited the headquarters of the Textile Merchants Group (TEXMAS) and held discussions with leading textile traders in Dubai. He also met UAE minister of state for foreign trade Thani Bin Al Zeyoudi and Sheikh Ahmed bin Saeed Al Maktoum, chairman of Emirates Airlines and the Dubai Civil Aviation Authority among others. A t TEXMAS the high-level interaction on Monday focused on strengthening trade, innovation, and investment opportunities in the textile sector under the India–UAE Comprehensive Economic Partnership Agreement (CEPA). During the meeting, attended by TEXMAS chairman Nasir Akhoon, vice chairman Vinod Nagda, and other senior Indian-origin office bearers, both sides agreed to accelerate bilateral trade under CEPA. The chief minister told TEXMAS representatives that Madhya Pradesh is one of India's leading textile-producing states, with cutting-edge textile clusters like the PM MITRA Park in Dhar ready for global investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo He also highlighted provisions under the new Industrial Policy 2025, including land allocation, capital subsidies, SGST reimbursement, and labour reforms. He invited UAE-based companies to explore technical collaboration in this area. The meeting between CM Yadav and Sheikh Ahmed bin Saeed Al Maktoum, chairman of Emirates Airlines and the Dubai Civil Aviation Authority marked an important step in strengthening aviation ties between Madhya Pradesh and the UAE. Yadav assured the state's readiness to participate in I2U2 (India, Israel, UAE, USA) partnerships in focus areas like clean tech, food logistics, and industrial innovation. He invited organizations like TEXMAS to initiate pilot projects in the state.
India Gazette
6 days ago
- Business
- India Gazette
MP CM Mohan Yadav meets Emirates chairman to boost India-UAE aviation ties
Dubai [UAE], July 14 (ANI): Madhya Pradesh Chief Minister Mohan Yadav on Monday held an 'important' meeting with Chairman of Emirates Airlines and the Dubai Civil Aviation Authority, Sheikh Ahmed bin Saeed Al Maktoum and Senior Vice President of Commercial Operations for West Asia and the Indian Ocean at Emirates, Essa Sulaiman Ahmad, on the second day of his visit to Dubai. According to a post by the Chief Minister's Office on X, the discussions focused on strengthening aviation cooperation between India and the UAE. During the meeting, deliberations took place on enhancing aviation ties, with a particular focus on promoting direct flight services from Tier-2 cities like Indore and Bhopal, developing a regional cargo hub in Central India, and exploring opportunities in aviation training and Maintenance, Repair, and Overhaul (MRO) infrastructure. 'Chief Minister Dr. Mohan Yadav, during his Dubai visit, held an important bilateral meeting with Emirates Airlines and Dubai Civil Aviation Authority Chairman Sheikh Ahmed bin Saeed Al Maktoum. During this, detailed discussions were held on strengthening aviation cooperation between India and the UAE,' the MP CMO stated in the post. 'During the meeting, deliberations took place on promoting direct flight services from Tier-2 cities like Indore and Bhopal, developing a regional cargo hub in Central India, and exploring opportunities for cooperation in aviation training and MRO (Maintenance, Repair, and Overhaul) infrastructure. Discussions also covered encouraging inbound tourism and the possibility of establishing a branch of the Emirates Aviation Academy in Madhya Pradesh,' the post added. Following the meeting, the Senior Vice President of Commercial Operations for West Asia and the Indian Ocean at Emirates, Essa Sulaiman Ahmad, highlighted the potential synergies and investment opportunities. 'This was a terrific opportunity for us to meet with the Chief Minister of Madhya Pradesh... We know the synergies between Dubai and Madhya Pradesh... Absolutely, it was a very heartfelt meeting... I used to be in India for seven years, so this was quite an eye-opener to see the kind of investment and the vision that the Chief Minister has for the state, and absolutely looking at synergy where we can see where we take this partnership even further,' he stated. Yadav's official visit to Dubai in the UAE and to Spain is scheduled from July 13 to July 19. The aim of his visit is to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities under the umbrella of 'Global Dialogue 2025'. (ANI)
Gulf Insider
7 days ago
- Business
- Gulf Insider
Dubai's Emirates Airline To Enable Crypto Payments
Dubai's international airline Emirates signed a memorandum of understanding (MoU) with to integrate Pay into the airline's payment infrastructure, with implementation expected next year. The signing ceremony took place in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline & Group, the airline announced on Wednesday. The MoU was signed by Adnan Kazim, Emirates' deputy president and chief commercial officer, and Mohammed Al Hakim, president of UAE operations. 'This strategic move is in line with Dubai's vision to be at the forefront of financial innovation while at the same time providing our customers with greater flexibility and choice in how they transact with Emirates,' Kazim said. Beyond payment integration, the two companies will collaborate on promotional campaigns to raise awareness and drive user adoption once the service goes live. A spokesperson confirmed to Cointelegraph that the integration is set for the last quarter of the year. 'The initial phase will focus on technical readiness, compliance alignment, and customer experience mapping,' the spokesperson said. Furthermore, Emirates and will determine whether the rollout will begin on select routes, regional markets, or through a global launch, with pilot phases likely to precede wider implementation. The spokesperson also confirmed that crypto payments from customers will be converted instantly to fiat (AED) using real-time exchange rates at the point of transaction. 'Emirates will not hold any cryptocurrency on its books; settlements will occur in AED, ensuring compliance and minimal FX exposure,' they said. also said it continues to explore regional and international airline integrations as part of a broader travel and commerce strategy. 'The goal is to build a universal crypto travel layer bringing seamless, secure, and compliant payment experiences to travelers across air, retail and hospitality sectors.' The integration comes amid Dubai's push to lead in crypto, as the city seeks to establish itself as a primary hub for blockchain and digital asset projects. Backed by regulatory clarity and a pro-innovation environment, several industries in the emirate, from real estate to telecommunications, have already opened their doors to cryptocurrency payments. Earlier this year, Tether partnered with UAE-based Reelly Tech to expand the use of its USDt stablecoin in real estate transactions. The deal allows buyers to use USDt to purchase property through 30,000 Reelly Tech agents globally. Last month, the Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), approved Ripple's RLUSD stablecoin. DIFC companies can now use the RLUSD stablecoin for various virtual asset services. The Dubai Multi Commodities Centre free zone has attracted over 600 crypto companies, with more firms flocking to the Dubai International Financial Centre and One Central district as the country positions itself as a leader in digital finance. Dubai's real estate market reached new highs in May, with sales totaling 66.8 billion dirhams (around $18.2 billion) across 18,700 transactions, a 44% increase in value year-on-year. The surge came amid an accelerating push into real estate tokenization. In May alone, multiple initiatives, including a $3 billion RWA deal involving MultiBank Group, real estate giant MAG and blockchain infrastructure provider Mavryk, were launched by government and industry players. On May 19, the Virtual Asset Regulatory Authority, Dubai's crypto regulator, updated its guidelines to include provisions for real-world asset (RWA) tokenization. Lawyer Irina Heaver told Cointelegraph these rules give issuers and exchanges a clear path to launch and trade tokenized real estate assets.
Hi Dubai
10-07-2025
- Business
- Hi Dubai
Dubai Free Zones Council Advances Regulatory Reforms to Boost Global Competitiveness
The Dubai Free Zones Council, chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, has approved key strategic initiatives to enhance the competitiveness of Dubai's free zones and drive long-term economic growth. During its 31st meeting, the Council reviewed progress on aligning free zones with national anti-money laundering efforts, including implementation of guidelines from the UAE National Anti-Money Laundering and Combatting Financing of Terrorism Committee. The discussion focused on data integrity, compliance challenges, and readiness for future evaluations. A central topic was the rollout of Executive Council Resolution No. (11) of 2025, which enables free zone companies to expand within Dubai without establishing new legal entities. The Council assessed implementation phases, dual licensing mechanisms, and digital integration—supporting the emirate's D33 economic agenda aimed at doubling its economy within a decade. Efforts to streamline licensing and service procedures with local and federal authorities were also discussed, with emphasis on resolving overlapping jurisdictions and ensuring consistency across regulatory processes. The meeting concluded with updates on the development of special economic zones and a review of the Council's ongoing strategic initiatives to reinforce Dubai's position as a global business hub. News Source: Dubai Media Office
Business Recorder
10-07-2025
- Business
- Business Recorder
Emirates, Dubai Duty Free set to allow crypto payments
Emirates Airline and Dubai Duty Free are set to allow crypto payments for flights and duty free merchandise, due to two new agreements with global digital asset platform set to be implemented next year. HH Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman, Dubai Airports and Chairman and Chief Executive, Emirates Airline & Group announced the news in a post on X on Wednesday. An MoU was signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, between Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer and Mohammed Al Hakim, President of UAE operations, Emirates announced in a press release issued on Wednesday. Kazim said: 'Partnering with to integrate cryptocurrency into our digital payments system reflects Emirates' commitment to meeting evolving customer preferences, in addition to tapping into younger, tech-savvy customer segments who prefer digital currencies,' as per the press release. 'This strategic move is in line with Dubai's vision to be at the forefront of financial innovation while at the same time providing our customers with greater flexibility and choice in how they transact with Emirates.' The news comes as Bitcoin surpasses $112,000 for the first time on Wednesday. 'We're delighted to complete the signing of this important MoU with Emirates Airline,' Eric Anziani, President and COO, said as per the press statement. 'As we continue to expand the everyday use case for crypto, integration with exceptional partners such as Emirates will bring real momentum to the digital asset industry and enable both companies to offer genuine innovative finance solutions for our customers. We look forward to working together as we continue to build our crypto offering in the GCC.' In addition to exploring payment integration, Emirates and will also explore leveraging promotional marketing campaigns to create awareness and encourage adoption of this new payment solution. Dubai Duty Free experiences record sales of AED7.901bn in 2024 The airline's latest partnership comes as Dubai positions itself as a global cryptocurrency hub. For the past three years, UAE has developed a comprehensive regulatory framework for cryptocurrencies, earning confidence of global players seeking predictability, innovation and favorable tax regimes. A number of Dubai companies are already accepting cryptocurrency as a form of purchase from real estate developers to major telecoms. Earlier this month, The Dubai Land Department has signed a partnership with to develop a blockchain-powered investment environment for virtual real estate allowing for people to buy, sell and invest in property. In 2024, UAE attracted crypto investments worth more than $30 billion - a regional record, according to Khaleej Times.
