Cabinet approves Inter-Governmental framework agreement between India-UAE for IMEC

Abu Dhabi [UAE], March 12: At a time when global geopolitical tensions continue to reshape international relationships and cultural dialogue, art and cultural exchange are increasingly being viewed as important bridges between societies. In the UAE, where communities from across the world live and work together, the growing art ecosystem has become one of the ways cities such as Dubai and Abu Dhabi foster cross-cultural understanding.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Dubai [UAE]/ New Delhi [India], March 12: AKCEL Holding, a Dubai-based diversified conglomerate, and XRange Golf Entertainment will invest $100 million to launch next-generation golf entertainment venues in India as part of the AED 1 billion global expansion of the XRange platform. The move marks the group's first major entry into India's fast-growing sports and experiential leisure market, positioning the country as an important market in its international rollout.

Dubai [UAE], March 10: GMCL has just announced the launch of a Rs 900 Crore ($100 million) blockchain-based tokenisation issue, positioning it as one of the first large-scale digital asset offerings linked to a professional international cricket league. Baba Inder Preet Singh, founder GMCL said that "The offering will create a tokenised investment structure designed to provide exposure to the league's commercial ecosystem, including broadcast rights, sponsorship revenues, franchise participation, licensing, and digital fan engagement platforms.GMCL plans to engage institutional investors, digital asset funds, family offices, and strategic partners as part of the global issuance process."

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today has approved the development of a 4-lane corridor from Badnawar-Petlawad-Thandla-Timarwani section of NH-752D having a length of 80.45 kilometres with a total capital cost of Rs 3,839.42 crore. The approved corridor will provide connectivity of Ujjain to Timrawani interchange at Delhi Mumbai Expressway (DME). The primary purpose of the proposed four-lane project corridor is to improve travel efficiency and is expected to reduce travel time by approx. one hour.

According to the press release by the Cabinet Committee on Economic Affairs, "This 31.42 km long project corridor will provide direct and high-speed connectivity from South Delhi, Faridabad and Gurugram to Jewar International Airport, thereby promoting economic growth and logistics efficiency across the National Capital Region (NCR)." The corridor intersects the Eastern Peripheral Expressway, Yamuna Expressway, and Dedicated Freight Corridor (DFC), which enables multimodal transport convergence.

Tirunelveli (Tamil Nadu) [India], March 10: Marking a significant medical milestone and a first in South Tamil Nadu, Kauvery Hospital has successfully treated a 51-year-old woman with severe symptomatic uterine fibroids using a minimally invasive procedure known as Bilateral Uterine Artery Embolisation (UAE). This advanced treatment enabled preservation of the uterus while ensuring rapid recovery. The patient was discharged within 24 hours, and at her seven-day follow-up, imaging confirmed complete absence of blood flow to the fibroid, with no pain and no per vaginal bleeding.

The agreement between India and the member States of the European Free Trade Association, Iceland, Liechtenstein, Norway and Switzerland, the partnership has moved from negotiation to implementation with effect from 1 October 2025. According to a statement released by the Ministry of Commerce & Industry, "The Agreement brings together India and a group of advanced European economies in a framework that supports trade, investment, services, technology collaboration and long-term industrial growth."

According to the press release, "This MoU provides the framework within which the two organizations would collaborate to further strengthen trade, investment, and economic cooperation between the members of both organizations." Through the MoU, ASSOCHAM and ICCC would also collaborate to increase the engagement between the business communities of both nations and encourage organizations in both nations to explore new avenues of trade and investment.

Singapore/ Kuala Lumpur [Malaysia], March 10: Progress Software Corporation (Nasdaq: PRGS) today emphasized the growing strategic importance of load balancing in ensuring application performance, high availability and cybersecurity resilience across Asia-Pacific (APAC), as digital transformation accelerates throughout emerging markets. New whitepaper outlines practical framework for strengthening application performance, availability and security across emerging Asia-Pacific markets.