UAE

The long-term story as regards India -demographics, reforms, digitalization, and improving efficiency- remains intact, Powell said.

The UAE's move, which comes into effect from May 1, could have serious consequences on the global energy markets

The closure of Strait of Hormuz (SoH), analysts said, is the primary reason for this as oil supplies from this region remain curtailed.

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

In a statement on Tuesday, the UAE said the move, effective May 1, 2026, aligns with its broader economic and strategic priorities, including increased investments in domestic energy production

National Security Advisor Ajit Doval on Sunday met UAE President Mohamed bin Zayed Al Nahyan and discussed measures to deepen the comprehensive strategic partnership and the regional situation. The Indian Embassy in the UAE said Doval conveyed Prime Minister Narendra Modi's greetings to the UAE leader during his official visit to the Arab country. "Measures to deepen Comprehensive Strategic Partnership, the regional situation, and other issues of mutual interest were discussed," the Indian Embassy said in the post on X. Earlier this month, Doval met Saudi Arabia's senior leaders and discussed bilateral relations, the regional situation and other areas of mutual interests. Doval held meetings with Saudi Foreign Minister Faisal bin Farhan, Energy Minister Abdulaziz bin Salman and National Security Advisor Musaed Al-Aiban. During the meetings, the two sides discussed bilateral relations, the regional situation and other issues of mutual interests, the Indian Embassy in Saudi Arabia s

Pakistan has returned the total USD 3.45 billion it owed in debt to the United Arab Emirates, the country's central bank said Friday. The State Bank of Pakistan (SBP) in a social media post confirmed the repayment and said that the transaction was completed on Thursday. "State Bank of Pakistan repaid a deposit of USD 1 billion to Abu Dhabi Fund for Development (ADFD), UAE on April 23, 2026. Deposits of USD 2.45 billion were repaid last week. This completes the repayment of total deposits of USD 3.45 billion to UAE," it said. The announcement came days after Pakistan received a USD 3 billion financial aid from Saudi Arabia. The deposit came in two tranches, with the second tranche of USD 1 billion received on April 21. The UAE had asked for the immediate return of the funds in the wake of the recent situation in West Asia following the US-Israel war on Iran. These funds were part of external financing support extended by the UAE in 2019 to help stabilise Pakistan's balance of payme

Pakistan this month failed to reach an agreement with the UAE to roll over the debt for the first time in seven years

Jaishankar meets UAE leadership, thanks them for support to Indian diaspora amid West Asia tensions, as Pakistan eyes Qatar replacing UAE as creditor

External Affairs Minister S Jaishankar on Saturday began his official visit to the UAE by interacting with the members of the Indian Community. Jaishankar, who is on a two-day visit to the UAE, is expected to focus on exchanging views on the West Asia conflict. "Started my visit to the UAE interacting with the members of the Indian Community. Spoke about GOI's efforts towards their well - being and security amidst the West Asia conflict," Jaishankar posted on X. "Appreciated their contributions to the local society during these difficult times. As well as the support of the Government of the UAE in ensuring the welfare of the Indian community," the post read. The external affairs minister arrived in the UAE on Saturday after concluding his visit to Mauritius, where he attended the 9th Indian Ocean Conference. The West Asia war and Iran's chokehold of the Strait of Hormuz, a vital waterway through which a fifth of global oil passes, had halted shipping and sent global oil prices

India backs ceasefire and calls for de-escalation as Jaishankar plans UAE visit to discuss energy supplies, trade and regional developments

The fresh strikes were launched in response to attacks on the country's oil facilities earlier in the day, Iranian state television was quoted as saying

Pakistan managed to stabilize its economy in recent years with the help of loans from the International Monetary Fund and friendly donors like the UAE

UAE official Anwar Gargash said the Strait of Hormuz cannot be weaponised, stressing that its security is not a regional bargaining chip but a global economic imperative

Authorities say a fire has broken out at a petrochemicals plant in the United Arab Emirates following an attack on Sunday. Abu Dhabi authorities responded to multiple fires at the Borouge petrochemicals plant. They say the fires were caused by falling debris following successful interceptions by air defence systems, but production at the plant has halted. The plant is in Ruwais, near the UAE's western border with Saudi Arabia. The plant is a joint venture of the Abu Dhabi National Oil Co. and Borealis of Australia.

According to the Dubai Media Office, debris from an aerial interception fell on the facade of the Oracle building in Dubai Internet City

Ukraine President Volodymyr Zelenskyy visited the UAE and met his Emirati counterpart Mohamed bin Zayed Al Nahyan on Saturday, to discuss regional security in the Middle East. "For Ukraine, this is also a matter of principle: terror must not prevail anywhere in the world. Protection must be sufficient everywhere," Zelenskyy said in a post on X following his meeting with the Emirati leader. He said they discussed "the security situation in the Emirates, Iranian strikes, and the blockade of the Strait of Hormuz, which directly affects the global oil market." The Emirates News Agency said the two leaders discussed "security developments in the region amid ongoing military escalation and their implications for regional and international peace and security, as well as their impact on international navigation and the global economy." During his visit to Saudi Arabia a day before, Zelenskyy said the two countries have agreed to "an important arrangement" on defence cooperation. Zelenskyy

The Indian national was among the two people who tragically lost their lives following a ballistic missile interception over Abu Dhabi on Thursday

The government on Tuesday extended the validity of licences issued for gold import at quota-based duty concession under a free trade pact with the UAE till June 3 amid the West Asian crisis. Under the India-UAE comprehensive economic partnership agreement (CEPA), India has granted quota-based duty concessions on gold imports under the tariff rate quota (TRQ). "In view of the prevailing geopolitical developments affecting global trade and logistics, and with a view to facilitating importers, the Director General of Foreign Trade, hereby extends the validity of TRQ Authorisations issued in the financial year 2025-26, for import of Gold, issued under the India-UAE CEPA, from the existing validity of March 31, 2026 up to June 30, 2026," a government public notice said. The pact came into force in 2022.