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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.
The US State Department evacuations of non-emergency personnel and family reached six nations on Tuesday with the inclusion of the United Arab Emirates. The UAE, home to Dubai and Abu Dhabi and long considered a safe corner of the Middle East, has been dragged into the Iran war with interceptions and attacks. The other countries include Bahrain, Iraq, and Jordan. Kuwait and Qatar.
The United Arab Emirates government has started a new type of Golden Visa, which will be based on nomination, albeit with some conditions, unlike the current practice of investing large amounts in either property or business here. Until now, one of the ways to get Dubai's Golden Visa from India was to invest in property whose value should be at least AED Two Million (Rs 4.66 crore), or invest a large amount in business in the country. Under the new nomination-based visa policy, Indians can now enjoy the UAE's Golden Visa for life by paying a fee of AED 1,00,000 (INR around 23.30 lakh), beneficiaries and people involved in the process have told PTI. Over 5,000 Indians will apply for this nomination-based visa in three months, they said. India and Bangladesh have been selected for the first phase of testing this visa, and a consultancy named Rayad Group has been chosen to test the initial form of the nomination-based golden visa in India. Rayad Kamal Ayub, Managing Director of Rayad
National Conference (NC) president Farooq Abdullah warned the Arab countries on Monday that they will be the next target of Israel and the US as Tel Aviv and Washington are eyeing their oil and gas. "It is their (United States') long-time policy that Iran should not become a nuclear power. Even the Sunni countries in the region are against it but they do not have the courage to speak up. "Today, they think Iran has been attacked, but I want to warn them through you that one day, Israel will attack them also, because they want their wealth like oil and gas. Israel is only a facade, America is standing right behind," Abdullah told reporters after a party meeting at Nawa-i-Subah here. Asked about the impact of the escalation of the war in the Middle East, the former Jammu and Kashmir chief minister said it will severely affect the economic condition of all countries. "I am hopeful that the (other) world powers are watching the situation. If this (war) escalates, the economic condition
There has been a marked shift in the Gulf Cooperation Council (GCC) countries' stance on terrorism since the 2008 Mumbai attacks due to the widespread realisation that it is a common enemy of all and there is a need for collaborative efforts to combat the menace, the Indian envoy in the UAE has said. Sunjay Sudhir, India's Ambassador to the UAE, also hailed the visit of the all-party delegation led by Shrikant Shinde to the country to highlight India's stance on the issue. He termed the visit as very successful. "The narrative, our thoughts, our perspectives, were well received, very well reciprocated. And again, it was a clear reciprocation, a clear reiteration of the fact that in the UAE, we have a true strategic partner, a friend, whom we can rely on," the ambassador told PTI. Ambassador Sudhir also highlighted a shift in the response by the GCC nations - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates - after the Pahalgam terror attack in comparison to t
India on Thursday launched its global outreach against terrorism emanating from Pakistan as multi-party delegations reached Japan and United Arab Emirates to assert the right to self-defence following Operation Sindoor. The delegation to Japan is led by JD(U) MP Sanjay Jha while Shiv Sena MP Shrikant Shinde is leading the delegation to the United Arab Emirates (UAE). The delegation led by Shinde met Ahmed Mir Khoori, member of the UAE Federal National Council at Abu Dhabi and conveyed India's strong resolve to counter state-sponsored terrorism originating from Pakistan soil. We proudly shared India's decisive success with 'Operation Sindoor' and highlighted the ongoing terrorism threats emanating from Pakistan, Shinde said in a post in X. Besides Shinde, the delegation comprises Manan Kumar Mishra (BJP), Sasmit Patra (BJD), E T Mohammed Basheer (IUML), S S Ahluwalia (BJP), Atul Garg (BJP), Bansuri Swaraj (BJP), former diplomat Sujan R Chinoy, and India's ambassador to the UAE Sunja
Former Iraqi Prime Minister Mustafa al-Kadhimi, known for promoting the rule of law, returned to Baghdad Tuesday for the first time in more than two years despite ongoing security threats. In 2021, he survived an assassination attempt in which two armed drones targeted his residence in Baghdad's Green Zone area. The attack came at a time of tensions sparked by the refusal of Iran-backed militias to accept parliamentary election results. Al-Kadhimi left Iraq after his term as prime minister ended in 2022 and has been living in London and the United Arab Emirates. The former prime minister did not immediately make any public statements upon his return. Three officials with his office who spoke on condition of anonymity because they were not authorised to speak publicly said security threats against the former prime minister were still present. They said he had returned at the invitation of current Iraqi political leaders who hoped he could use his connections to help them confront a