Page 15 - Uae

Plan in the works to hand over Karachi port terminals to UAE for funds

Finance Minister Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions

CWC Qualifier Day 2 Report: Hasaranga rattles UAE, Oman upset Ireland

Playing as expected, Lanka breezed past UAE in their first match of the CWC Qualifier. Hasaranga took 6 wickets for the South Asian side. In another game, Oman upset the Irish with a brilliant win

CWC Qualifier Day 2 preview: Sri Lanka take on UAE, Oman challenge Ireland

After a thrilling opening day in group A of the Cricket World Cup qualifier, the focus now shifts to group B as the action moves to Bulawayo from Harare. Sri Lanka take on UAE while Ireland face Oman

CWC Qualifiers group B: Scotland, UAE, Oman challenge IRE for top 3 finish

CWC Qualifiers: Sri Lanka are the hot favourites to go through this group. However, two more spots are remaining from the group and four teams fight for them

UAE participates in seminar on water management policies and tech, in Korea

UAE has participated in a symposium on "Advanced Water Management Policies and Technologies'' in Seoul as part of the works of the Joint UAE-Korea Committee for cooperation in water resources

India's exports to UAE fall by 10.2% to $4.82 bn in April-May: Data

India's exports to the UAE contracted by 10.2 per cent to USD 4.82 billion during April-May this fiscal against USD 5.37 billion in the year-ago period, according to the commerce ministry data released on Monday. India and the UAE have operationalised a comprehensive free trade agreement since May 1 last year. According to the data, imports from the UAE too fell to USD 6.73 billion from USD 9.67 billion in April-May 2021-22. India's exports to the UAE in 2022-23 rose by 11.8 per cent to USD 31.3 billion, while imports from that country grew by 18.8 per cent to USD 53.2 billion in the preceding fiscal due to increased inbound shipments of oil. Exports to the US also declined by about 13 per cent to USD 12.47 billion. Imports from America decreased to USD 6.88 billion during the first two months of this fiscal as against USD 8.33 billion in the same period a year ago, the data showed. However, imports from China have marginally increased to USD 15.75 billion during April-May 2023-2

Road to ODI World Cup 2023: Know all about the Cricket World Cup Qualifier

ICC Cricket World Cup Qualifier 2023 (CWC Qualifier 2023) would begin on June 18 where 10 teams would compete for the final two spots in the 10-team World Cup, to be hosted by India later this year

India, UAE looking at ways to expand trade in value-added gold products

India and the UAE are looking at ways to increase trade in value-added gold and gold products, Commerce and Industry Minister Piyush Goyal said on Monday. A decision in this regard would be announced in due course, he said. He said that the UAE is one of the major suppliers of gold to India after Switzerland, and New Delhi would like to encourage that trade even further with the UAE. India has given certain duty concessions on the import of gold from the UAE under a free trade agreement, officially dubbed as CEPA (Comprehensive Economic Partnership Agreement) and it was implemented on May 1 last year. There were certain issues with regard to operationalising those concessions which have been sorted out now, he said. India has given customs duty concessions on imports of gold for up to 200 tonnes per year from the UAE. The import duty in general on gold is 15 per cent. Now this year, India hopes the UAE exporters would be able to ship the specified quantity of gold under the agree

India, UAE central banks discuss rupee-dirham trade progression: Goyal

Discussions between the central banks of India and UAE on promoting bilateral trade in the rupee and dirham to reduce transaction cost is progressing at a "very" fast pace, Commerce and Industry Minister Piyush Goyal said on Monday. As the top leaders of both countries are decisive, so one "can imagine good outcomes very soon" on this, he added. India and the UAE already implemented a free trade agreement (FTA) in May last year to give a boost to bilateral trade and economic ties. The central banks of both countries are discussing the standard operating procedures and modalities. These talks were started in March 2022, and now "it is about a year since then, but both the countries have made significant progress," Goyal told reporters here. The RBI and the Central Bank of the UAE have been in a "very active" dialogue, and the finance ministry here is also "very" supportive and handling the entire issue, he said. "I am sure that given the high level of engagement on both sides, not

India, UAE to raise non-petroleum trade to $100 bn by 2030: Piyush Goyal

India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation's trade minister said on Monday

UAE emerges 4th-largest investor in India, FDI jumps over 3x in FY23

The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data. In the last fiscal, foreign direct investment (FDI) from the UAE to India jumped over three-fold to USD 3.35 billion from USD 1.03 billion in 2021-22, the data of the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The UAE was the fourth largest investor in India in 2022-23 compared to the seventh in 2021-22. Singapore was the largest investor in India with USD 17.2 billion investment in FY23, followed by Mauritius (USD 6.1 billion) and the US (USD 6 billion). "The rapidly strengthening of bilateral ties and investment cooperation between India and United Arab Emirates (UAE) can be chiefly attributed to the strong bilateral relations between India and UAE, growth in investment commitments from UAE, and the policy reforms to further ease of doing ..

India, France, UAE begin two-day mega wargame exercise in Gulf of Oman

The navies of India, France and the United Arab Emirates have carried out a two-day mega wargame in the Gulf of Oman reflecting their growing cooperation to deal with challenges in the maritime sphere. It was the first edition of the wargame involving navies of the three countries, officials said on Thursday. Indian Naval ship INS Tarkash, French ship Surcouf, French Rafale aircraft and the UAE Navy's maritime patrol aircraft participated in the exercise that began on Wednesday. "The exercise featured a wide spectrum of naval operations such as surface warfare, involving tactical firing and drills for missile engagements on surface targets, helicopter cross deck landing operations, advanced air defence exercise and boarding operations," said an Indian Navy official. The official said the exercise aimed to enhance trilateral cooperation between the three navies and pave the way for adopting measures towards addressing traditional and non-traditional threats in the maritime environme

AstraZeneca announces launch of cancer medication Tremelimumab in UAE

AstraZeneca has announced the launch of its revolutionary cancer medication, IMJUDO (tremelimumab) in the UAE

India, UAE, US, Saudi cooperation aims to do good in region: UNSC president

The meeting of top security officials of India, the UAE, Saudi Arabia and the US is a partnership to "buttress the multilateral system" and "do good in the region," according to President

UAE space agency plans to explore asteroid belt between Mars & Jupiter

In 2034, the mission aims to touch down upon Justitia, also known as the red asteroid. Justitia and Chimaera are around 50 kilometres in diameter, with the remaining asteroids less than 10 km

India emerges as key source country for FDI into Dubai, says report

India has emerged as a key source country for Foreign Direct Investment (FDI) in Dubai, one of the wealthiest of the seven emirates in the United Arab Emirates, according to a report released on Monday. It ranked among the top five source countries for announced FDI projects and estimated FDI capital, according to a report released by "fDi Markets', a service from UK's Financial Times Ltd. With 77.5 per cent of greenfield projects, the top sectors by FDI projects from India into Dubai in 2022 were software & IT services (32 per cent), business services (19 per cent), consumer products (9 per cent), real estate (6 per cent), and financial services (5 per cent). Meanwhile, the top sectors by FDI capital from India into Dubai in 2022 were consumer products (28 per cent), software & IT services (20 per cent), communications (19 per cent), pharmaceuticals (8 per cent), and business services (8 per cent). Apart from maintaining its first rank as a destination city for FDI from ...

World Bank expects UAE's non-oil economy to expand by 4.8% in 2023

World Bank has projected that real GDP of UAE will grow by 2.8% in 2023, as non-oil sector is expected to achieve strong growth of 4.8%, driven by robust domestic demand

UAE: SCC approves draft laws for Aviation Department, Airport Authority

SCC during its fourteenth session of its regular fourth legislative term at its headquarters in Sharjah, approved draft laws for Sharjah Civil Aviation Department

Andhra CM Reddy, UAE envoy explore investment opportunities in state

The United Arab Emirates' Ambassador to India, Abdulnasser Alshaali, called on Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Monday and explored investment opportunities in the state. The UAE ambassador explained to the Chief Minister about the Gulf country's interest in sectors such as food parks, food processing units, tourism, hospitality, green hydrogen, ports, petrochemical complexes and infrastructure development. According to Alshaali, UAE considers Andhra Pradesh to be a lead state for investment, a press note shared by the state government on Monday said. CM Reddy promised the UAE Ambassador any kind of assistance and cooperation, including explaining the state's "transparent policies". He also told Alshaali that the state offered well-trained human resources as well as infrastructure. The envoy and the CM also deliberated on the steps being taken by the state government on issues already discussed during an investment conference.

India's exports to UAE likely to grow by 60% to $50 billion by 2026-27

Under the free trade agreement domestic exporters in various sectors like textiles, agriculture, dry fruits, gems and jewellery are getting duty-free access to the UAE market