Page 10 - Uae

'Centre must revise gold, silver concessional duty under India-UAE CEPA'

Under the CEPA, India allows 7 per cent customs duty concessions on import of unlimited quantities of silver and 1 per cent concession on 160 metric tonnes of gold

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

Air India's rise could impact three Gulf hubs, says Saudia Airlines

Calling AI a "sleeping giant", Muehlen said: "They have a legacy. They have the hearts of the Indian population. If they get it right, it would be more at the expense of the super-connectors"

Emirati leader meets Taliban official facing $10 mn US bounty for attacks

The leader of the United Arab Emirates met on Tuesday with an official in the Taliban government still wanted by the United States on an up-to USD 10 million bounty over his involvement in an attack that killed an American citizen and other assaults. The meeting highlights the growing divide internationally on how to deal with the Taliban, who seized control of Afghanistan in 2021 and since have barred girls from attending school beyond the sixth grade and otherwise restricted women's role in public life. While the West still doesn't recognise the Taliban as Kabul's government, nations in the Mideast and elsewhere have reached out to them. Sheikh Mohammed bin Zayed Al Nahyan, the ruler of Abu Dhabi, met Sirajuddin Haqqani at the Qasr Al Shati palace in the Emirati capital, the state-run WAM news agency reported. It published an image of Sheikh Mohammed shaking hands with Haqqani, the Taliban's interior minister who also heads the Haqqani network, a powerful network within the group .

BluSmart launches 100% all-electric premium limousine service in UAE

Ride-hailing app said that its chauffeur-driven luxury service in Dubai will commence with a premium Audi e-tron car fleet

US slows licence approvals for AI chip exports to prevent resale to China

The United States Commerce Department extended chip export restrictions to include much of West Asia, along with China and other foreign countries, in October

UltraTech Cement offers to acquire 31.6% in UAE-based RAK Cement Co

Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement maker in the UAE. On April 15, UltraTech had informed that UCMEIL will invest in 29.39 per cent equity share capital of 'Ras al Khaimah Co. for White Cement and Construction Materials PSC' (RAKWCT), a company listed on the Abu Dhabi stock exchange. It had announced and investment of USD 101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity that time. "We now write to inform you that UCMEIL has notified its intention of making a partial conditional cash offer for acquiring 158,049,610 shares, representing 31.6 per cent of the issued and paid-up share capital of RAKWCT," it said. This will be in accordance with Article 10 of the decision of the chairman of

Pakistan says United Arab Emirates to invest $10 billion in country

The Pakistani government said Thursday that the United Arab Emirates committed to investing up to $10 billion in Pakistan during a meeting in the UAE capital between that country's president and the Pakistani prime minister. The office of Pakistani Prime Minister Shehbaz Sharif said in a statement that UAE President Mohammed bin Zayed Al Nahyan made the commitment during a meeting in Abu Dhabi with Sharif, who is visiting the UAE. It provided few details. The statement said Sharif told the UAE president about measures the Pakistani government is taking to encourage foreign investment, and that the UAE president committed to investing $10 billion in various sectors in Pakistan. Sharif also invited the UAE president to visit Pakistan, an offer which he accepted, the statement said.

Microsoft's UAE deal could transfer key US chips, AI technology abroad

US officials have said that AI systems could pose national security risks, for example by making it easier to engineer chemical, biological and nuclear weapons

Demand for skilled Indian blue-collar workers goes up by 25% in UAE: Report

The demand for skilled blue-collar workers from India has gone up by 25 per cent in the UAE during May 2023-April 2024, compared to the same period of the previous year, especially in sectors including technology, healthcare, construction, among others, a report said on Tuesday. According to a report by blue-collar worker marketplace Huntr, the demand for skilled blue-collar workers from India has surged by 25 per cent during May 2023-April 2024, as compared to the same period of the previous year. In terms of job roles, the demand for electricians, plumbers and technicians has grown at a rate of around 20-25 per cent over the past year, it added. However, the demand for non-skilled workers has seen a more modest increase of approximately 10-15 per cent leading to a decline in the migration of non-skilled workforce by around 10 per cent, it noted. The report by Huntr is based on quantitative surveys with qualitative interviews with 1,00,000 blue workers enrolled on the platform fro

India, UAE conclude meeting on India Middle East Europe Economic Corridor

The first inter-ministerial delegation from India held meetings from May 15-17 under the Intergovernmental Framework Agreement between the two countries concerning cooperation for the empowerment and operation of the India-Middle East-Europe Economic Corridor (IMEEC).According to the Indian Embassy in Abu Dhabi press release, the IMEEC will provide effective alternate supply routes generating efficiencies and reducing costs. Indian Ambassador to UAE Sunjay Sudhir led the discussions with key entities like DP World UAE, AD Ports Group and UAE's Federal Customs Authority."The Indian delegation comprised of senior officials from Ministry of Shipping, Ports & Waterways, Ministry of Commerce and Industry, Central Board of Excise and Customs and Deendayal Upadhyay Port, Kandla," the press release stated."They visited Khalifa Port, Fujairah Port and Jebel Ali Port where they held detailed discussions with the respective Port authorities for facilitating the movement of goods between ...

Plan your destination wedding in Abu Dhabi with UAE's enhanced visa support

To establish Abu Dhabi as a premier wedding destination, the Abu Dhabi Convention and Exhibition Bureau (ADCEB) has announced an initiative to extend visa support to Indian nationals hosting weddings across the Emirate. The ADCEB, which is a part of the Department of Culture and Tourism Abu Dhabi, is undertaking this initiative to establish the UAE capital as a premier wedding destination, a statement released here said. The recently announced new visa initiative contributes to Abu Dhabi's tourism strategy 2030, which aims to boost visitor numbers to 39.3 million by 2030. The destination wedding segment is among the newest verticals to join the ADCEB as part of an overarching objective to attract domestic and international visitors and increase the sector's contribution to the GDP to AED 90 billion as per the 2030 strategy, the statement said. India is recognised as one of the largest markets for destination weddings globally, making it a key target market for Abu Dhabi. By extend

Schengen-style Gulf tourist visa for six destinations by year-end

The GCC Grand Tours visa is designed to attract a higher number of tourists by simplifying the process of visiting multiple countries in the region, similar to the European Union's Schengen visa

Flights cancelled, offices and beaches closed: Heavy rains lash Dubai again

Dubai's MeT department has issued an orange alert for Friday; educational institutions asked to shift to online classes, while companies directed to allow work from home for their employees

India-UAE trade agreement cementing long-standing economic ties: UAE envoy

The comprehensive economic partnership agreement (CEPA) between India and the United Arab Emirates has emerged as a resounding success story, solidifying the long-standing economic ties between the two sides, UAE ambassador Abdulnasser Alshaali said on Wednesday. The envoy said there has been a remarkable growth in bilateral trade between the two countries after inking of the mega trade pact. "The UAE-India CEPA has emerged as a resounding success story, solidifying our nations' long-standing economic ties and ushering in a new era of prosperity," Alshaali said. "Over the past two years, we have witnessed remarkable growth in bilateral trade, a testament to the immense potential that exists when our complementary strengths are harnessed effectively," he said. The ambassador was speaking at an event in Mumbai that was hosted to mark the second anniversary of the coming into force of the CEPA. "The CEPA has not only opened new avenues for businesses to benefit from the bilateral ...

'India, UAE on track to surpass $100 bn non-oil trade target by 2030'

India and UAE trade has increased 15 per cent since the implementation of the free trade agreement in May 2022 and the two countries are on track to surpass the target of USD 100 billion in non-oil trade by 2030, CEPA Council Director Ahmed Aljneibi said on Wednesday. The UAE-India CEPA Council (UICC) was launched on the sidelines of the Vibrant Gujarat Summit in January. The two countries implemented the Comprehensive Economic Partnership Agreement (CEPA) in May 2022. Aljneibi said the UAE-India trading relationship has grown rapidly since the signing of the Comprehensive Economic Partnership Agreement (CEPA). "The bilateral trade has increased almost 15 per cent since the CEPA entered into force on 1 May 2022. Our two countries are on track to far surpass the goal of achieving USD 100 billion in non-oil trade by 2030," he said. Aljneibi was speaking at a business roundtable meet in Jaipur. Rajasthan-based enterprises from diverse sectors, including pharmaceuticals, gems and ...

Dubai rains: Indian Embassy in UAE notifies travel advisory for passengers

Dubai International Airport has temporarily limited the number of inbound flights due to unprecedented weather conditions

Indian mission in Dubai launches helpline for affected in extreme rain

India's consulate here has launched helpline numbers for Indians and stranded passengers affected by unprecedented heavy rains pounded the city and the northern Emirate of the UAE. Heavy rains swept through the United Arab Emirates and surrounding countries on Tuesday, affecting normal life. The tarmac of the busy Dubai International Airport was left submerged, leading to the cancellation of flights. In a post on X, India's consulate mentioned the helpline numbers through which the Indian community can seek help for their issues following extreme weather conditions. According to the consulate, +971501205172, +971569950590, +971507347676, and +971585754213 were available for weather-related emergencies. The Consulate also said it is in touch with UAE authorities and the airlines to facilitate stranded passengers. Regular updates from airlines are being conveyed to travellers, and relief measures have been extended in association with Indian community organisations, the Indian Consu

Dubai gets over a year's worth of rainfall in 24hrs: Here's what happened

Hit by unprecedented rainfall, Dubai International Airport warns people not come to airport unless 'absolutely necessary'

Microsoft to invest $1.5 bn in UAE-based AI firm G42, takes minority stake

G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid US concerns over its relationship with Chinese businesses