Page 5 - India Uae

Integrating financial systems, we are partners in progress: PM Modi

Modi said India and UAE have inked an agreement interlinking their respective instant payment platforms that will make it easier for the Indian diaspora to remit money to their relatives in India

Looking to deepen India-UAE comprehensive strategic partnership: PM Modi

Prime Minister Narendra Modi on Tuesday said he is looking forward to further advance India's comprehensive strategic partnership with the United Arab Emirates during his two-day visit to the Gulf nation. After concluding his two-day visit to the UAE, Modi will travel to Qatari capital Doha on Wednesday afternoon. In his departure statement ahead of the two-nation visit, Modi said he was also looking forward to meeting Sheikh Tamim bin Hamad Al Thani, the Amir of Qatar, saying the country continues to witness "tremendous growth and transformation" under his leadership. The announcement on Modi's visit to Doha came on Monday against the backdrop of Qatar releasing eight jailed former Indian Navy personnel. "India and Qatar enjoy historically close and friendly relations. In recent years, our multi-faceted ties have continued to deepen in all spheres, including high level political exchanges, growing trade and investment between two countries, strengthening of our energy partnership,

PM Modi flexes global muscle with Abu Dhabi visit, temple opening

The UAE and India have historically enjoyed close ties. A third of the Gulf country's population hails from India and Dubai counts Indians as among the top buyers of real estate in the city

Cabinet approves signing of India-UAE Bilateral Investment Treaty

The government on Thursday approved the signing and ratification of a Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (UAE). The pact would help promote investments between the two countries. "The Union Cabinet chaired by Prime Minister Narendra Modi, today has given its approval for signing and ratification of BIT between India and the UAE," an official statement said. The treaty is expected to improve the confidence of investors, especially large investors, resulting in an increase in foreign investments and overseas direct investment (ODI) opportunities, the statement said, adding that this may have a positive impact on employment generation. "The approval is expected to increase investments in India and is likely to help in realising the goal of Atmanirbhar Bharat by encouraging domestic manufacturing, reducing import dependence, increasing exports etc," it added. The two nations have also implemented a free trade agreement in May 2022. India rece

India, France, UAE conduct joint mega air exercise over Arabian Sea

India, France and the United Arab Emirates (UAE) carried out a mega air exercise over the Arabian Sea against the backdrop of the rising global concerns over Houthi militants targeting several commercial vessels in the strategic waterways in the region. The exercise 'Desert Knight', conducted on Tuesday, featured several frontline aerial assets and combat jets of the air forces of the three countries, officials said. The Indian Air Force (IAF) component at the drills consisted of Su-30 MKI, MiG-29 and Jaguar fighter jets besides AWACS (airborne early warning and control aircraft, C-130-J transport plane and air-to-air refuelling aircraft. "The main focus of exercise 'Desert Knight' was on enhancing synergy and interoperability between the three air forces," the Indian Air Force said. The exercise took place in the Indian FIR (Flight Information Regions) and with IAF aircraft operated from several bases in India. All airspace worldwide is divided into FIRs and each of them is manag

Inauguration of Hindu temple in Abu Dhabi milestone for tolerance: UAE Amb

The inauguration of the BAPS Hindu temple in Abu Dhabi next month will be a monumental day to "celebrate tolerance and acceptance", the Ambassador of the UAE to India Abdulnasser Alshaali said on Thursday. Prime Minister Narendra Modi will inaugurate the temple on February 14. "We are looking forward to the inauguration on February 14 it's going to be a phenomenal monumental day, a special occasion to celebrate tolerance, acceptance, and to further strengthen this relationship," Ambassador Alshaali told PTI. Last month, Swami Ishwarcharandas and Swami Brahmaviharidas extended the invitation on behalf of the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS) Hindu Mandir, and it has been accepted by PM Modi. The ambassador has also confirmed the grand diaspora gathering scheduled at the Sheikh Zayed Sports City Stadium in Abu Dhabi on February 13. The event is titled 'Ahlan Modi,' which translates to 'Hello Modi'. According to the UN's International Migration 2020 re

Inauguration of Hindu temple in Abu Dhabi milestone for tolerance: UAE Amb

The inauguration of the BAPS Hindu temple in Abu Dhabi next month will be a monumental day to "celebrate tolerance and acceptance", the Ambassador of the UAE to India Abdulnasser Alshaali said on Thursday. Prime Minister Narendra Modi will inaugurate the temple on February 14. "We are looking forward to the inauguration on February 14 it's going to be a phenomenal monumental day, a special occasion to celebrate tolerance, acceptance, and to further strengthen this relationship," Ambassador Alshaali told PTI. Last month, Swami Ishwarcharandas and Swami Brahmaviharidas extended the invitation on behalf of the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS) Hindu Mandir, and it has been accepted by PM Modi. The ambassador has also confirmed the grand diaspora gathering scheduled at the Sheikh Zayed Sports City Stadium in Abu Dhabi on February 13. The event is titled 'Ahlan Modi,' which translates to 'Hello Modi'. According to the UN's International Migration 2020 re

India-UAE CEPA Council launched at 'UAE-India Business Summit' in Ahmedabad

The launch was attended by the UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi and Union Minister of Commerce and Trade, Piyush Goyal

India, UAE ink pact for possible energy grid connectivity between 2 nations

India and the United Arab Emirates have signed a deal to explore the establishment of grid connectivity between the two countries, Foreign Secretary Vinay Kwatra said on Wednesday. Kwatra said the deal is part of a total of four memorandums of understanding signed between New Delhi and Abu Dhabi in the ongoing Vibrant Gujarat Global Summit, Kwatra said. He said one of the pacts is on renewable energy, which also includes green hydrogen and solar. "There is an inherent thought of possible grid connectivity between India and the UAE in that space," the foreign secretary told reporters as he was speaking about the agreements signed between the two countries. He, however, did not share any more details on the grid connectivity. A September 15, 2023 news report quoted Minister of New and Renewable Energy R K Singh as saying that the UAE is interested in having such connectivity with India which will be subsea. The comments came after India signed a similar pact with Saudi Arabia in ..

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UAE President Al Nahyan addresses Vibrant Gujarat Global Summit 2024

Following his speech, PM Narendra Modi, in a post on social media platform X, lauded the UAE President and said that his statements were very encouraging

UAE Prez Al Nahyan meets PM Modi as Vibrant Gujarat Global Summit begins

Prime Minister Narendra Modi, who received UAE President Mohammed bin Zayed Al Nahyan at the Ahmedabad airport on Tuesday, described the UAE leader as "my brother"

Indian stocks to get first ETF in Gulf region as UAE deepens ties

There were an estimated 3.5 million Indian expatriates in the United Arab Emirates as of 2021, comprising about 30% of the Gulf country's population

India-UAE joint military exercise 'Desert Cyclone' underway in Rajasthan

The exercise will enhance cooperation and interoperability between both sides during peacekeeping operations

India, UAE begin 2-week military exercise 'Desert Cyclone' in Rajasthan

Armies of India and the United Arab Emirates (UAE) on Tuesday kick started the inaugural edition of a two-week military exercise in Rajasthan's Mahajan area, reflecting the growing defence engagement between the two countries. The exercise 'Desert Cyclone' is aimed at enhancing interoperability in sub-conventional operations in desert and semi-desert terrains under the broader framework of UN charter on peacekeeping operations, the Indian Army said. It is for the first time that the two armies are holding such a mega military exercise. It will culminate on January 15. The UAE contingent is being represented by troops from the 'Zayed First Brigade'. The Indian Army team comprising 45 personnel is mainly from the Mechanised Infantry Regiment. "The aim of the Exercise is to enhance interoperability in Sub-conventional Operations including Fighting in Built-Up Area (FIBUA) in desert/ semi-desert terrain under Chapter VII of the United Nations Charter on Peacekeeping Operations," the A

India makes first-ever rupee payment for the purchase of crude oil from UAE

India spent $157.5 billion on importing 232.7 million tonnes of crude oil with West Asia contributing 58% of all supplies

First rupee payment for oil to UAE: Looking for more deals, say officials

India's first-ever payment in rupees for crude oil purchased from the UAE is helping the world's third largest energy consumer push for taking the local currency global, as it looks for similar deals with other suppliers, officials said, adding internationalisation is a process and there are no targets. With the nation more than 85 per cent dependent on imports for meeting its oil needs, India has been pursuing a three-pronged strategy of buying from the cheapest available source, diversifying sources of supply and not breaching any international obligation like the price cap in case of Russian oil. While the strategy helped save billions of dollars, when it ramped up imports of Russian oil that was shunned by some in West post Ukraine war, it is looking to settle trade in rupees instead of dollars in a bid to cut transaction costs by eliminating dollar conversions. India in July signed an agreement with the UAE for rupee settlement and soon after Indian Oil Corporation (IOC) made .

India to observe one day state mourning following demise of Kuwait emir

The government has announced one-day state mourning on Sunday following the demise of Emir of Kuwait Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. The ruling emir died on Saturday at the age of 86. In a communication to all states, the Union home ministry said during the period of state mourning on December 17, the national flag will fly half mast where it is flown regularly throughout India and there will be no official entertainment. "His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, the Amir of the State of Kuwait, passed away on December 16, 2023. As a mark of respect to the departed dignitary, the government of India has decided that there will be one day's state mourning on December 17," the communication said. "On the day of mourning, the national flag will be flown at half mast throughout India on all buildings where the national flag is flown regularly and there will be no official entertainment on the day," it said.

Indian officials in Muscat to negotiate free trade pact with Oman

It is learnt that the department of commerce has set an internal deadline of finalising the deal by month-end

India may buy more oil from UAE in the coming months after COP talks

Under pressure of russian crude, shipments from UAE has fallen 65 per cent in FY24 so far