Page 17 - Uae

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

CEPA with UAE gave boost to Indian entrepreneurs, deepened ties: PM Modi

Prime Minister Narendra Modi on Sunday said the Comprehensive Economic Partnership Agreement (CEPA) with the UAE has given a boost to Indian entrepreneurs and also deepened ties with the Gulf country. India and the United Arab Emirates (UAE) inked a CEPA on February 18 last year to boost trade ties following a virtual summit between Prime Minister Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Tagging a tweet by Commerce and Industries Minister Piyush Goyal in which he shared an article jointly written by UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi and him on one year of CEPA, Modi said the CEPA with the UAE has given a boost to Indian entrepreneurs and has also deepened our ties with UAE. The trade pact was signed last year by Commerce Minister Goyal and Economy Minister of the UAE Abdulla bin Touq Al Marri.

Special event organised to celebrate signing of India-UAE CEPA in Abu Dhabi

A special business event was organised on Friday to celebrate the completion of one year of the signing of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in Abu Dhabi.Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai Chambers on 17th February 2023 at Dubai, read the press release of the Indian Embassy in Abu Dhabi, UAE.The event was participated in by more than 200 leading businesses from India and the UAE, added the release.India and UAE on February 18th, 2022 signed a historical Comprehensive Economic Partnership Agreement (CEPA).The CEPA was signed during the virtual summit in the presence of Prime Minister Narendra Modi and the President of UAE, Sheikh Mohamed bin Zayed Al Nahyan,Addressing the gathering at the special business event, Dr Thani Al Zeyoudi, UAE ...

Badminton Asia Mixed Championships: India beat UAE to qualify for knockouts

India beat UAE 5-0 as Lakshya Sen, Aakarshi Kashyap, and India's three doubles teams played too strong for hosts in the second tie of Group B at the Badminton Asia Mixed Team Championships in Dubai

Rajasthan Export Promotion Council signs MoUs to promote 1st global expo

The Rajasthan Export Promotion Council (REPC) has signed MoUs with local and overseas industry chambers to promote the Rajasthan International Expo to be held in Jodhpur from March 20-22, an official said. REPC Chairman Rajeev Arora in a statement said that the council is making every effort to ensure that the first edition of the international expo is successful. Recently, REPC has signed several memoranda of understanding with chambers of commerce both domestically and abroad to promote the expo in a big way, Arora said. REPC has signed MoUs with the National US India Chamber of Commerce, the Ural Chamber of Commerce, Russia, as well as the Global Business Federation Middle East, UAE, to promote the expo and ensure maximum participation and facilitate networking among institutions, businesses, and professionals. The council has also entered into memoranda of understanding with prominent business organisations Aaroh (Amazon Web Services) and FORTI, he added. In a statement, Arora

India adopting environment-friendly development model: Sultan Al Jaber

President-designate for COP28 UAE Sultan Al Jaber on Tuesday made the case for a pro-growth, pro-climate agenda to support an inclusive energy transition that leaves no one behind.

Leela Palace cheat impersonates UAE royalty, dupes hotel of over Rs 20 lakh

The man identified as Mahamed Sharif fled with hotel valuables and without settling his outstanding bills causing a huge loss to the hotel worth Rs 23,46,413