Page 5 - India Uae

EAM Jaishankar reviews 'multi-faceted' strategic ties with UAE counterpart

External Affairs Minister S Jaishankar has reviewed with his United Arab Emirates counterpart Abdullah bin Zayed Al Nahyan the multi-faceted India-UAE comprehensive strategic partnership and discussed new areas with "untapped potential" to enhance collaboration, an official statement said on Monday. Jaishankar, who was in the UAE on Sunday, also exchanged views with Al Nahyan on regional and global issues. He visited the iconic BAPS Hindu Mandir in Abu Dhabi and participated in the 10th International Yoga Day celebrations before meeting Al Nahyan. The two foreign ministers "reviewed the multi-faceted India-UAE Comprehensive Strategic Partnership," the Ministry of External Affairs (MEA) in New Delhi said on Monday. They expressed "happiness at the substantive progress in diverse areas of bilateral cooperation, including commercial and economic collaboration, fintech, education, culture, and people-to-people connect," it said in a statement. The ministry said the two ministers ...

Gold, silver import from UAE surges 210%, need duty revision in FTA: GTRI

India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to USD 10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). India allows 7 per cent tariffs or customs duty concessions on import of unlimited quantities of silver and a 1 per cent concession on 160 metric tonnes of gold. CEPA was signed in February 2022 and implemented in May 2022. Additionally, India facilitates gold and silver imports by allowing private firms to import from the UAE through the India International Bullion Exchange (IIBX) in Gift City. Previously, only authorised agencies

Adani Defence & Aerospace, UAE's EDGE sign defence cooperation agreement

The agreement aims to combine the two companies' product portfolios to meet the needs of both global and local customers

UAE-India CEPA Council inks MoU with Indian Chamber of Commerce

The UAE-India CEPA Council on Thursday said it has inked an agreement with Indian Chamber of Commerce to promote trade between the two countries. Under the MoU, it said both organisations will collaborate on increasing awareness within the UAE and India regarding the significant potential of the bilateral economic partnership, highlighting opportunities for companies to leverage the free trade agreement. A trade pact between the two nations came into force from May 2022. "They will also engage in dialogue and information sharing, develop avenues for member awareness, explore the hosting of joint events and facilitate member interactions," it added.

UAE-India CEPA Council inks MoU with Indian Chamber of Commerce

The UAE-India CEPA Council on Thursday said it has inked an agreement with Indian Chamber of Commerce to promote trade between the two countries. Under the MoU, it said both organisations will collaborate on increasing awareness within the UAE and India regarding the significant potential of the bilateral economic partnership, highlighting opportunities for companies to leverage the free trade agreement. A trade pact between the two nations came into force from May 2022. "They will also engage in dialogue and information sharing, develop avenues for member awareness, explore the hosting of joint events and facilitate member interactions," it added.

India allows export of 10,000 tonnes of onion to Sri Lanka, eases ban

Directorate General of Foreign Trade says India has approved 79,160 tonnes of onions for export, overriding a ban imposed in December

Govt allows UAE's Adnoc to export oil from Indian strategic storage

The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, which is the raw material for producing fuels like petrol and diesel, is not allowed to be exported except through the state-owned Indian Oil Corporation (IOC). In an order, the ministry said the condition of export being allowed only through IOC will continue, but "AMI (Adnoc Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their commercial stockpile at Mangalore strategic petroleum reserve, at their own cost". India, the world's third-biggest oil importer and consumer, imports over 85 per cent of its oil needs and has built strategic storages at three locations to store up to 5.33 million tonnes of oil as insurance ...

India-UAE relations: How friendship between the two countries has flourished since 1971

Since 1971, India-UAE ties have deepened across political, economic, and cultural spheres, with the UAE hosting 3.5 million Indians. Watch our video to know more.

PM Modi expresses gratitude to Indian diaspora in Qatar for his welcome

Prime Minister Narendra Modi has expressed gratitude to the Indian diaspora in Qatar for an exceptional welcome he received from them on his arrival here in the Qatari capital. Modi arrived in Doha on Wednesday night on an official visit to Qatar. This is the prime minister's second visit to Qatar, he first visited Qatar in June 2016. "An exceptional welcome in Doha! Grateful to the Indian diaspora," Modi posted on X along with some pictures. Several community members, including from the Muslim Bohra community, welcomed Modi on his arrival here. Modi, in his departure statement on Tuesday, had said the presence of over 8,00,000-strong Indian community in Doha is a testament to our strong people-to-people ties. On Wednesday, Prime Minister Modi had a wonderful meeting with his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al Thani during which they discussed ways to strengthen bilateral ties. On Thursday, the prime minister will meet the Emir of Qatar, Sheikh Tamim bin Hamad

UAE Vice President presents copy of book, personalised message to PM Modi

Prime Minister Modi thanked Al Maktoum for his graciousness towards the Indian community living in Dubai. The two leaders also discussed people-to-people ties at length

BAPS Hindu Temple in UAE: Matter of pride, cultural icon, says diaspora

Prime Minister Narendra Modi will inaugurate the first Hindu temple, BAPS Hindu Temple here on Wednesday

BAPS Hindu Temple in UAE: Matter of pride, cultural icon, says diaspora

Prime Minister Narendra Modi will inaugurate the first Hindu temple, BAPS Hindu Temple here on Wednesday

Highlights of the day: India will become 3rd largest economy, says PM

LIVE updates: Catch all the latest updates from around the world here

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