Page 16 - Uae

Ahead of Arabian Travel Market, Abu Dhabi targets 24 mn visitors by 2023

The emirate received a total of 18 million visitors representing a 13% increase from the previous year

UAE, Morocco review strengthening financial, economic cooperation

Al Hussaini reaffirmed the UAE's keenness to further strengthen bilateral relations with the Kingdom of Morocco to include all vital and priority sectors

UAE's Sultan Al-Neyadi becomes first Arab astronaut to complete spacewalk

UAE astronaut Sultan Al-Neyadi has become the first Arab to undertake a spacewalk during Expedition 69 venturing out of the International Space Station (ISS) and completing his spacewalk. The historic spacewalk lasted 7.01 hours in the vacuum of space on the starboard side of the ISS's truss structure, accomplishing two key objectives. One of the objectives of the Extravehicular Activity (EVA), undertaken by Al-Neyadi along with NASA Flight Engineer Stephen Bowen, was to work on a series of preparatory tasks which involved routing power cables, which was successfully concluded. These cable works were completed as a precursor to the installation of the Space Station's fourth roll-out solar array, known as the International Space Station Roll-Out Solar Array (iROSA), which is scheduled to be delivered on the upcoming SpaceX Dragon cargo mission. The next objective was to retrieve a crucial Radio Frequency Group (RFG) unit. This communications antenna, or RFG will stay bolted on the .

Vijayan meets envoys of UAE, Vietnam at Kerala House in Delhi

Kerala Chief Minister Pinarayi Vijayan on Friday met the Ambassadors of UAE and Vietnam to India and held discussions with them in New Delhi. The CM met Abdulnasser Alshaali and Nguyen Thanh Hai respectively at Kerala House in the national capital, a CMO statement here said. The discussions were held with regard to improving the foreign countries' relationship with the southern state, it said. Chief Secretary V P Joy and Officer on Special Duty Venu Rajamony were present during the meeting, it said. Vijayan had also met Ambassador of Argentina in India, Hugo Javier Gobbi on Thursday. During the meeting, the envoy had presented the Kerala CM with an Argentinian football jersey in the presence of well-known footballer from the state I M Vijayan, a CMO statement added.

Shrinking engineering exports to UAE, China led to overall dip in FY23

The decline was a direct result of depressed global demand, especially in the metals sector

India coordinating with US, UK, Saudi and UAE on safety of Indians in Sudan

India is coordinating closely with various countries to ensure the safety and security of Indian nationals in violence-hit Sudan, government sources said on Wednesday. They said the ground situation in that country is very tense and movement of people is very risky at this stage. Sudan has been witnessing deadly fighting between the country's army and a paramilitary group for the last six days that has reportedly left around 100 people dead. The sources said India's priority is safety of movement and well being of individuals wherever they are located. They said that the Quartet countries of the US, the UK, Saudi Arabia and the United Arab Emirates (UAE) have a key role in Sudan and India is engaging them accordingly. External Affairs Minister S Jaishankar has already spoken to his counterparts in Saudi Arabia and the UAE. The sources said both the foreign ministers assured Jaishankar of their practical support on the ground. India is also working with the UN, which has a substa

UAE expresses concern over developments in Sudan, calls for calm, restraint

The UAE has called upon all concerned parties in Sudan to exercise restraint, and to de-escalate and work towards ending this crisis through dialogue

Pak Army chief played role in securing funds from Saudi, UAE: PM Sharif

Pakistan's Prime Minister Shehbaz Sharif on Saturday disclosed that Army Chief General Asim Munir played a role in securing funds from Saudi Arabia and the UAE -- a pre-condition by the IMF to seal a bailout deal with the cash-strapped nation. Addressing a ceremony here, Sharif also expressed hope that now the IMF will not delay in reaching an agreement for USD 1.1 billion sought by Pakistan. "Chief of Army Staff General Asim Munir has contributed to the government's efforts to secure funds from Saudi Arabia and the UAE," Sharif said. Debt-ridden Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations. Earlier, the Pakistani Army had announced that Gen.

UAE assures Pakistan of $1-billion loan to revive IMF relief deal

Pakistan is tackling a major economic crisis as it awaits a much-needed $1.1 billion tranche of funding from the Washington-based International Monetary Fund

Pakistan says UAE assures $1 billion loan to help revive IMF deal

Pakistan is going through one of its biggest economic crisis ever as multiple delays in its loan program created a dollar shortage, import restrictions and reduced forex

EAM Jaishankar joins Iftar hosted by UAE Ambassador Abdulnasser Alshaali

External Affairs Minister S Jaishankar on Saturday joined Iftar hosted by UAE Ambassador Abdulnasser Alshaali in the holy month of Ramzan.

Travel advisory issued against Marburg virus in Equatorial Guinea, Tanzania

The disease is passed on to people from fruit bats and is from the same virus family responsible for the deadly Ebola

India falls 6 spots to rank 144 in Passport Index 2023: All you must know

The sharp fall in India's ranking has been attributed to the change in European Union's policy

India not looking to increase air traffic rights for UAE, says Scindia

India is one of the world's fastest-growing aviation markets where demand for air travel is outstripping the supply of planes. Air India last month placed a record order for 470 jets

LG Sinha invites leaders from UAE to become partner in J-K's development

Jammu and Kashmir Lieutenant Governor Manoj Sinha invited business leaders from the United Arab Emirates to become partner in development and move together towards creating a more prosperous, equitable and vibrant Union Territory. Sinha addressed the India-UAE Investment Summit and interacted with the business delegates from the UAE and across the country at the SKICC here. Highlighting the scope for private and foreign investments in various sectors in J&K, the Lt Governor said the Union Territory has made impressive progress with structural reforms in recent years and growth trajectory makes it an attractive investment destination. "We will ensure the investors receive every kind of assistance, facilitation and support from the administration," he said. Sinha said under the guidance of Prime Minister Narendra Modi, the Union Territory of Jammu and Kashmir has made remarkable progress towards ambitious infrastructure development programme, modernisation and expansion of airports,

SBI loan fraud: SC stays HC order permitting pvt firm chairperson to travel

The Supreme Court has stayed a Bombay High Court order permitting Suman Vijay Gupta, the chairperson of a Mumbai-based private company, to travel to the UAE after taking note of a case in which she is accused of defrauding State Bank of India of Rs 3,300 crore. Gupta is the chairperson of Ushdev International Limited (UIL). A bench comprising Chief Justice D Y Chandrachud and Justice P S Narasimha on Thursday took note of the submissions of Solicitor General Tushar Mehta that the law enforcement agencies have had a bad experience allowing economic offenders and fraudsters to go abroad on personal undertakings as they seldom honour their undertakings come back to face the proceedings here. "She is the chairperson of a company which took a loan of Rs 3,300 crore. The CBI is investigating (the case). After the loan was declared an NPA (non-performing asset), she renounced the citizenship of India and got the citizenship of Dominica," the top law officer said. A look out circular (LOC)

RBI, UAE central bank signs pact to enhance cooperation in various areas

The RBI and the UAE central bank on Wednesday signed an agreement to enhance cooperation in various areas, including exploring interoperability of Central Bank Digital Currencies (CBDC). Under the MoU (memorandum of understanding), the two central banks will collaborate on various emerging areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI, the Indian central bank said in a statement. According to the statement, the CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of the bilateral CBDC bridge to facilitate cross-border transactions of remittances and trade. This bilateral engagement of testing cross-border use cases of CBDCs is expected to reduce costs, increase the efficiency of cross-border transactions and further the economic ties between India and UAE, it added.

RBI, UAE central bank sign MoU on interoperability of their CBDCs

Move is expected to reduce costs, boost efficiency of cross-border dealings and strengthen economic ties between India and UAE

UAE eyes renewables partnerships opportunities with India: Jaber in COP28

UAE will explore all partnership opportunities with India to help the south Asian country's growth and low carbon plans, the UAE's climate envoy and designated president of the COP28 summit

UAE willing to contribute to India's 500GW clean energy goal: Al Jaber

The UAE will explore all opportunities of partnership with India to contribute to New Delhi's high-growth-low-carbon pathway, Sultan Al Jaber, the COP28 president-designate, said on Wednesday. He also said the goal of limiting the global temperature increase to 1.5 degrees Celsius above pre-industrial level is "just non-negotiable". Al Jaber said India is on its way to becoming the third largest economy in the world and this makes it one of the largest consumers of energy. As such, India's sustainable development is critical not just for itself but for the whole world. "India's goal of adding 500 gigawatt of clean energy in next seven years is a true and a powerful statement of intent. As one of the largest investors in renewable energy, the UAE and Masdar (renewable energy investing firm) will explore all opportunities of partnership with India to contribute to its high-growth-low-carbon pathway," he said. "Keeping the goal of 1.5 (degrees Celsius) alive is just non-negotiable. An