Page 11 - Uae

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 .

Govt working with French authorities after flight carrying Indians detained

India on Saturday said it was working with the French government for an early resolution of the situation after a Nicaragua-bound flight carrying 303 people, mostly Indians, was detained by French authorities during a technical halt at an airport near Paris over suspected "human trafficking". The plane that took off from Dubai in the United Arab Emirates carrying 303 Indian passengers, including many minors, was grounded at the Chalons-Vatry airport in Marne on Thursday. "French authorities informed us of a plane w/ 303 people, mostly Indian origin, from Dubai to Nicaragua detained on a technical halt at a French airport," the Indian mission said in a post on 'X'. "The embassy team has reached & obtained consular access. We are investigating the situation, also ensuring the well-being of passengers," the mission said on Friday. On Saturday, the Indian embassy said it was continuing to work with the French government for the welfare of the Indians currently at the Varty airport and

UNSC adopts UAE's resolution on scaling up, monitoring aid to Gaza

The resolution calls for urgent steps to immediately allow safe, unhindered, and expanded humanitarian access and for a sustainable cessation of hostilities in the Gaza Strip

India gets consular access after flight carrying Indians detained in France

India's embassy in France has received consular access to its citizens after a Nicaragua-bound flight carrying 303 people, mostly Indians, was detained by French authorities during "a technical halt" at an airport near Paris over suspected "human trafficking". The plane that took off from the United Arab Emirates carrying 303 Indian passengers was grounded in France on Thursday over suspected "human trafficking, French authorities were quoted as saying by the local media on Friday. "French authorities informed us of a plane w/ 303 people, mostly Indian origin, from Dubai to Nicaragua detained on a technical halt at a French airport," the Indian mission said in a post on 'X'. "The embassy team has reached & obtained consular access. We are investigating the situation, also ensuring the wellbeing of passengers," it said. According to a Le Monde' newspaper report, the national anti-organised crime unit JUNALCO has taken over the investigation. Special investigators are questioning ..

India to rely on coal power until it becomes developed country: Yadav

India is committed to meeting the energy needs of its people and will continue to rely on coal power until it achieves developed country status, Union Environment Minister Bhupender Yadava said on Tuesday. Responding to a question at a press conference here, the minister also said India resisted pressure from developed countries to end the use of fossil fuels at the UN climate conference in the United Arab Emirates. He said India is committed to meeting the energy needs of its people and this cannot be done by just "importing oil and gas". "While we are increasing our renewable capacity, we will also have to rely on coal power until we achieve the objective of a developed India," he said. India relies on coal for about 70 per cent of its power generation and aims to add 17 gigawatts of coal-based power generation capacity in the next 16 months. Yadav said India "strongly resisted" the rich nations' call for limitations on new and unabated coal power generation. "We said you cannot

UAE Prez mourns passing of Emir of Kuwait, declares 3-day state mourning

At the directives of President Sheikh Mohamed bin Zayed, as of today, the UAE will observe a three-day state mourning with the flag flown at half-mast

Total income of Indian banks' overseas branches more than doubles in FY23

The total income of branches more than doubled to Rs 60,596 crore in FY23 from Rs 22,947 crore in FY22. The expenses grew to Rs 51,479 crore in FY23 from Rs 19,709 crore

UAE trying nearly 90 detainees on terror charges during COP28: Report

The United Arab Emirates is conducting a mass trial of nearly 90 prisoners on terrorism charges as it hosts the United Nations' COP28 climate summit, including one man whose case was highlighted by demonstrators at the negotiations, an activist organization reported Monday. Emirati authorities did not immediately respond to questions over the report by the Emirates Detainees Advocacy Center, a group run by Emirati Hamad al-Shamsi, who lives in exile in Istanbul after being named on a terrorism list by the UAE himself. The state-run WAM news agency also has not run a report on the trial. Al-Shamsi gathered the information from multiple individuals with direct knowledge of the trial. Those on trial face charges of establishing a terrorist organization, supporting and financing it, the center said in a statement. The center is highly troubled by the UAE's apparent fabrication of new charges to extend the sentences of those already released, reflecting the Emirati authorities' ongoing .

COP28 summit: Activists plan 'day of action' to press negotiators

Protests aimed at pressuring nations to move decisively to stop climate change were expected to be their most intense yet on Saturday, a Global Day of Action with events at United Nations-led talks in Dubai and around the world. If activists needed any additional energy, they may have gotten it with reports that OPEC's chief had urged its oil-producing members to reject any agreement that targets fossil fuels for a speedy phase-out. It's the central issue as talks head into their final days, as activists and experts have warned that the world must quickly reduce use of the oil, gas and coal that is causing dangerous warming. Mohamed Adow, director of Power Shift Africa, called the Dec. 6 letter from OPEC Secretary-General Haitham Al Ghais, reported by several news organizations, shameful and said the writing is on the wall for dirty energy. The reality is if the world is going to save itself, it cannot be held back by a small band of countries that control the world's oil supply, Ad

What is UN Charter's Article 99 invoked amid Israel's military attacks?

The United Arab Emirates, the Arab representative on the council, posted on X that the country has circulated a short draft resolution acting on Guterres' letter under Article 99

COP28: Renewables a way to phase out fossil fuels, says TotalEnergies

Governments at previous climate talks agreed to phase down the use of unabated coal, but the talks, hosted by oil power United Arab Emirates, have so far been split on the future role of fossil fuels

Russian President Vladimir Putin visits Saudi Arabia, UAE amid COP28

Russian President Vladimir Putin began a trip on Wednesday to Saudi Arabia and the United Arab Emirates, hoping to shore up support in the Mideast from two major oil producers allied to the US as his war on Ukraine grinds on. Putin landed in Abu Dhabi, the capital of the Emirates, a federation of seven sheikhdoms now hosting the United Nations' COP28 climate talks. It marked his first trip to the region from before the coronavirus pandemic and the war and as he faces an arrest warrant from the International Criminal Court over the war in Ukraine. Neither Saudi Arabia nor the UAE has signed the ICC founding treaty, meaning they don't face any obligation to detain Putin over the warrant accusing him of being personally responsible for the abductions of children from Ukraine during his war on the country. Putin skipped a summit in South Africa over concerns he could be arrested on arrival there. Sheikh Abdullah bin Zayed Al Nahyan, the UAE's foreign minister, met a smiling Putin after

Russian President Putin to visit Gulf countries for first time since 2019

Saudi Arabia, the UAE and Russia are all members of OPEC+, the alliance between the Organization of Petroleum Exporting Countries and other major oil producers

Climate finance in the spotlight at COP28 climate talks to bridge gaps

The amount of cash needed for the energy transition, climate adaptation and disaster relief is overwhelming

Ukrainian diplomats negotiate climate change at COP28 summit in Dubai

While Ukrainian diplomats take part in negotiations at the United Nations COP28 climate talks, Russia's war on the country lurks just in the background even as the United Arab Emirates has seen its business ties to Moscow surge despite Western sanctions. As Ukraine announced a 450 million euro ($489 million) expansion Monday of a wind farm in its Mykolaiv region, officials highlighted how its turbines would be spread far enough apart to survive any Russian missile attack. They decried continued attacks by Moscow on its energy infrastructure as snow storms grip the country. And an American diplomat forcefully denounced Russian President Vladimir Putin at an event that's seen demonstrators stopped from naming Israel in their protests over its pounding airstrikes and ground offensive in the Gaza Strip against Hamas. The war in Ukraine Putin's invasion represents a fundamental challenge to the international system that the United States and our allies and partners are trying to build,

BRICS countries collaborate to mobilise climate finance at COP28 in UAE

In situations where the global financial system falls short of providing adequate inclusive climate investments for developing nations, the BRICS initiative takes on even greater significance

COP28: Activists allowed into UAE can demonstrate under strict guidelines

As participants at the United Nations' COP28 climate talks filed in on Sunday for another day of talks, they found themselves greeted by a rare sight in the United Arab Emirates a protest. From activism about the Israel-Hamas war to environmental issues, activists allowed into the UAE can demonstrate under strict guidelines in this autocratic nation. Others from organizations long banned by the country also have been let in, providing them some the opportunity for the first time in about a decade to offer criticism though many acknowledge it may see them never allowed back in the country. One of our major issues with COP28 is the fact that the UAE government is using this to burnish its image internationally and the fact that limited protests are allowed ... is a good thing, said Joey Shea, now on her first trip to the Emirates as a researcher focused on the country at Human Rights Watch. "But at the end of the day, it helps to create this very false image that the UAE does have ..

As host of COP28, autocratic UAE now allowing critics it once kept out

As participants at the United Nations' COP28 climate talks filed in Sunday for another day of talks, they found themselves greeted by a rare sight in the United Arab Emirates a protest. From activism about the Israel-Hamas war to environmental issues, activists allowed into the UAE can demonstrate under strict guidelines in this autocratic nation. Others from organisations long banned by the country also have been let in, providing them some the opportunity for the first time in over a decade to offer criticism though many acknowledge it may see them never allowed back in the country. The UAE, a federation of seven sheikhdoms led by Abu Dhabi's ruler, bans political parties and labour unions. All power rests in each emirate's hereditary ruler. Broad laws tightly restrict speech and nearly all major local media are either state-owned or state-affiliated outlets. Laws also criminalise the very few protests that take place by foreign labourers over working conditions and unpaid ...

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