Latest news with #Dh3
News18
6 days ago
- Business
- News18
Satish Sanpal Jabalpur Journey from Grocery Shop to Billionaire Vision
Last Updated: Started from a Small Beginning The journey of Satish Sanpal started with only ₹50,000 that he got from his mother. He was just 15 when he opened a small grocery shop. That business didn't work out and shut down in two years. But it gave him early lessons that helped him later in life. He always had a business mind, and never worked under someone. Big Dreams from Jabalpur Born in Jabalpur, India, Satish didn't go to school after class 8. But he always had this fire inside to do something big. The Satish Sanpal Jabalpur story shows you don't need fancy degrees to reach high. It's more about believing in yourself and working hard. Dubai Changed Everything When he came to Dubai 11 years ago, he didn't have any setup. He started with a small thing—helping clients get connected to stock market brokers. That gave him experience and confidence. He felt Dubai had a lot of chances for growth. Meanwhile, he got into many businesses slowly. Building ANAX Holding In 2018, Satish started ANAX Holding. Now the group has 3 major parts—ANAX Developments, ANAX Hospitality and ANAX Capital. The firm is looking to grow even more now. The Satish Sanpal Jabalpur dream is becoming big and visible. Taking Risks During Covid When Covid hit, most people were playing safe. But Satish saw it as a chance. He bought many lands and properties in Dubai during the time when prices were too low. Now those are worth 10x more. His mansion in Dubai Hills is maybe the best decision he took—its value is around $120 million now. Living the Dream Life Satish lives in the Burj Khalifa with his family. He owns a Bugatti, Rolls Royce Phantom, and also a yacht. He doesn't just buy for show—he says it gives him confidence. From the small streets of Jabalpur to Dubai's tallest tower, the Satish Sanpal Jabalpur journey is really a big one. Looking Ahead, Aiming Higher He's not stopping anytime soon. His goal is to be in the list of top 10 billionaires in the world by 2034. Satish says he believes in big thinking and that dreams do come true. He trusts manifestation works if you're disciplined and focused. Many Projects on the Way This year, Satish's company is launching four new real estate projects in Dubai, with a total value of over Dh3 billion. Two projects, V-suites Tower in Business Bay and Evora Residences in Al Furjan are already being built. The Satish Sanpal Jabalpur story also reaches the UK, where he started a real estate business recently. A Simple Message for Young People Satish says to younger people—be disciplined. That's the base of everything. Without discipline, it's hard to stay on track. The Satish Sanpal Jabalpur story proves that even if you fall, you can rise again. Just keep learning and never give up. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR view comments First Published: July 18, 2025, 17:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
14-07-2025
- Automotive
- Time of India
Filming a crash in UAE can cost you Dh1,000 or more: Here's why
Drivers filming crash scenes risk fines and obstructing emergency services on UAE roads/ photo: pixabay TL;DR Filming accidents on UAE roads is illegal and can lead to fines starting at Dh1,000. Slowing down or stopping to record can delay emergency services and cause more accidents. Authorities are stepping up surveillance, but many drivers still don't know the risks. Filming road accidents in the UAE has become a punishable offence that can lead to a fine of Dh1,000 and serious road safety consequences. Many people film accidents out of curiosity or to share on social media. But stopping or slowing down to record a crash is illegal. It puts your safety and others' at risk, delays emergency responders, and can even cause more crashes. In 2024, over 600 fines were issued for obstructing traffic during accidents, but the actual number of offences is likely much higher. Despite awareness campaigns, many drivers still don't fully grasp the dangers of filming crash scenes. This behavior, called 'rubbernecking,' disrupts traffic flow and puts everyone on the road at risk. What Makes Filming Accident Scenes Dangerous? Delays Emergency Help: When drivers slow down or block lanes to film, ambulances, police, and fire trucks struggle to get through. Every second counts when lives are on the line. Causes More Accidents: Distraction often leads to rear-end collisions or chain crashes. One accident can quickly become several. Creates Phantom Traffic Jams: Even a slight tap on the brakes to watch or film causes cars behind to slow down, creating traffic jams without an obvious cause. Invades Privacy: Filming and sharing videos of victims during vulnerable moments violates their privacy. This can result in criminal charges. What Does the Law Say? According to UAE traffic laws, filming crash scenes breaks several rules. These include obstructing traffic, stopping without valid reason, distracted driving, and breaching privacy laws if footage is shared. Those found obstructing or blocking roads near accident sites face fines of Dh1,000. More seriously, failing to give way to emergency vehicles, ambulances, police cars, or official convoys is a grave violation. A Dh3,000 fine, 30 days of vehicle confiscation, and six traffic points can be imposed. On top of these, filming and posting photos or videos of accident sites on social media can lead to imprisonment and fines of up to Dh150,000 under the UAE's cybercrime law. Last year, hundreds of fines were issued for obstructing emergency responders, but experts believe many violations go unnoticed. The Hidden Costs of Filming Accidents Some drivers simply don't know it's against the law. Others assume it's okay to slow down and watch. Drivers from countries with strict rules tend to be more careful, but here in the UAE, awareness still needs work. Stopping to film not only risks fines but also wastes fuel and causes faster brake wear. More importantly, it distracts drivers, making the roads less safe. Staying focused is the best way to avoid causing or worsening accidents. Catching every offender is tough since emergency teams focus on helping victims first. But surveillance is improving. CCTV cameras, drones, and automated systems are increasingly used to spot drivers filming or blocking accident scenes. FAQs Q: How much is the fine for filming a crash in the UAE? A: It can be Dh1,000, and in some emirates, your vehicle may be impounded for up to 14 days. Q: What happens if I block an ambulance or police vehicle? A: You can be fined Dh3,000, get six traffic points, and have your vehicle impounded for 30 days. Q: Why is filming crashes dangerous? A: It delays emergency help, distracts drivers, causes more accidents, and invades victims' privacy.
Al Etihad
13-07-2025
- Business
- Al Etihad
UAE stock markets cross Dh4 trillion milestone
13 July 2025 17:35 A. SREENIVASA REDDY (ABU DHABI)The combined market capitalisation of stocks listed on the UAE's stock markets has recently crossed Dh4 trillion, driven by a strong rally in both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).The total market capitalisation of all stocks listed on ADX — including both the main and growth markets — stood at Dh3.099 trillion as of Friday's exchange has consistently maintained its market cap above the Dh3 trillion mark in recent weeks, with its benchmark FTSE ADX General Index (FADGI) standing at 10,064.81 when the markets closed on Friday (July 11).ADX recently marked a key milestone with the listing of a $100 million digital bond by First Abu Dhabi Bank, in partnership with HSBC. The FADGI has gained 6.9% so far in 2025, while the exchange's total market capitalisation has grown by 3.3%, according to the latest bulletin from Kamco has also witnessed a remarkable upswing, with its total market capitalisation reaching Dh996.434 billion, as per Kamco Invest data. The DFM General Index (DFMGI) climbed to 5,854.99 on Friday (July 11), reflecting a 13.5% gain so far this year. The DFM has posted gains for three consecutive weeks, with the index now at a 17-year estate has been a key driver of the Dubai market, led by strong performances from Emaar and Emaar exchange also welcomed the listing of Dubai Residential REIT, which raised Dh2.15 billion via its IPO. A second REIT, Al Mal Capital REIT, has launched a follow-on public offering (FPO) aiming to raise Dh242 both ADX and DFM combined, the total market capitalisation stands at Dh4.095 trillion, equivalent to approximately $1.115 comparison, the Saudi stock market remains the region's largest, with a market capitalisation of $2.49 trillion, according to Kamco Invest's latest data.'The UAE's stock markets crossing Dh4 trillion is a remarkable milestone that reflects the strength and dynamism of the country's economy,' said Samer Mardini, Chief Investment Officer at a family office in Dubai.'The impressive growth in both Abu Dhabi and Dubai markets is driven by rising investor confidence, successful IPOs, and innovations like digital bonds. It signals a bright future. It's an exciting time, and the momentum points toward even greater opportunities ahead,' he added. Commenting on the rise of realty stocks in the UAE, Milad Azar of XTB MENA said: 'The rise of REITs shows growing market maturity and investor access. While still behind Saudi Arabia's $2.49 trillion market, the UAE is gaining ground through innovation, diversification, and investor confidence across both traditional and digital sectors.' Source: Aletihad - Abu Dhabi
Al Etihad
10-07-2025
- Business
- Al Etihad
UAE Central Bank imposes financial sanction of Dh3 million on bank
10 July 2025 17:27 ABU DHABI (WAM)The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank of Dh3,000,000, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations and its amendments, and Article 137 of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organisation of Financial Institutions and Activities and its sanctions result from the CBUAE's examinations, which revealed the bank's failure to comply with the Central Bank instructions, which stipulated in the Decree Federal Law No. (20) of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations and its amendments. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all Banks and their staff, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the banking sector and the UAE financial system.
Al Etihad
07-07-2025
- Automotive
- Al Etihad
Emirates Driving Company to acquire 22.5% stake in Mwasalat Holding
A. SREENIVASA REDDY (ABU DHABI) Emirates Driving Company (EDC) has agreed to acquire a 22.5% stake in Mwasalat Holding, a mobility provider based in Abu Dhabi. In a stock market disclosure, Khaled Al Shemeili, Chief Executive Officer of EDC, said the company has the option to increase its shareholding in Mwasalat Holding to 50.6%, subject to completion of certain conditions and regulatory approvals. However, the stock market statement has not disclosed the cost of the acquisition. 'This strategic investment is part of the company's ongoing efforts to strengthen its position as a mobility champion, accelerating innovation, and expanding its role in delivering seamless, safe and sustainable transport across the UAE and wider region,' the CEO's statement said. Mwasalat Holding, which is headquartered in Abu Dhabi, operates a diverse fleet spanning public buses, taxis, school transportation, and corporate vehicle services. 'This investment aligns with the company's long-term strategy to create operational synergies, enhance profitability, and endorse its commitment to delivering innovative, safe, and sustainable mobility solutions,' the CEO elaborated on the rationale behind this investment. According to a company statement, the transaction is expected to unlock significant operational synergies and long-term value creation, broadening EDC's portfolio in line with its future-focused mobility vision. 'Together with Mwasalat, we will deliver a superior customer experience through digital platforms, AI-driven solutions, and seamless multi-modal transport, setting a new standard for smart mobility,' said Al Shemeili. 'Innovation is no longer a choice in the mobility sector – it is a strategic imperative. This investment in Mwasalat reflects our commitment to shaping the future of transportation by combining advanced technologies with operational excellence.' Mwasalat generated over Dh650 million in revenue in 2024 and has built a strong reputation for safety, innovation, and reliability. It delivers accessible and efficient transport services that play a vital role in urban mobility across the emirates. Omeir Al Mheiri, Managing Director at Mwasalat Holding, welcomed the partnership. 'By combining our shared commitment to smart mobility, sustainability, digital transformation and public service excellence, we will unlock significant opportunities to enhance service delivery, operational efficiency, and customer satisfaction,' he said. EDC is a subsidiary of Multiply Group and has a market capitalisation of around Dh3 billion. Established in 2000, it is the leading provider of pre-licensing driver education in Abu Dhabi.
