The remarks come after a sharp rebuke from the UAE, which denounced the 'renewed unprovoked Iranian aggression' involving the deployment of drones and missiles
Violence had erupted after US President Donald Trump announced "Project Freedom," which he described as a humanitarian effort to guide neutral ships stranded in the Gulf through Hormuz
Three Indian nationals were injured on Monday after a fire broke out on the Fujairah Petroleum Industries Zone (FOIZ) in the UAE following a drone strike originating from Iran, according to local media reports. The relevant authorities in the eastern emirate of Fujairah confirmed that a fire has broken out in the FOIZ, resulting from a drone attack coming from Iran, the state-run WAM news agency reported. Fujairah Civil Defence teams immediately responded to the incident and are continuing efforts to bring the fire under control, it added. Three Indian nationals sustained moderate injuries after the fire broke out on the FOIZ, the Khaleej Times reported, quoting authorities in Fujairah. The injured were taken to the hospital for treatment, it added. In a post on X, the UAE's Ministry of Defence said that Iran launched four missiles toward various areas across the country. "Three were successfully engaged over the country's territorial waters, while one fell into the sea," it said.
Adnoc touted its plans on Sunday, saying it's planning to accelerate a growth push with 200 billion dirhams ($55 billion) in oil-project awards as part of an already-announced $150 billion program
UAE’s shock exit from Opec could reshape the global oil market. In this video, we explain what Opec does, why the UAE is leaving, and how this move could impact oil prices, India
According to reports, the move is aimed at asserting the country's position as an independent regional actor
The long-term story as regards India -demographics, reforms, digitalization, and improving efficiency- remains intact, Powell said.
The UAE's move, which comes into effect from May 1, could have serious consequences on the global energy markets
The closure of Strait of Hormuz (SoH), analysts said, is the primary reason for this as oil supplies from this region remain curtailed.
Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a barrel, marking its seventh consecutive day of gains
In a statement on Tuesday, the UAE said the move, effective May 1, 2026, aligns with its broader economic and strategic priorities, including increased investments in domestic energy production
National Security Advisor Ajit Doval on Sunday met UAE President Mohamed bin Zayed Al Nahyan and discussed measures to deepen the comprehensive strategic partnership and the regional situation. The Indian Embassy in the UAE said Doval conveyed Prime Minister Narendra Modi's greetings to the UAE leader during his official visit to the Arab country. "Measures to deepen Comprehensive Strategic Partnership, the regional situation, and other issues of mutual interest were discussed," the Indian Embassy said in the post on X. Earlier this month, Doval met Saudi Arabia's senior leaders and discussed bilateral relations, the regional situation and other areas of mutual interests. Doval held meetings with Saudi Foreign Minister Faisal bin Farhan, Energy Minister Abdulaziz bin Salman and National Security Advisor Musaed Al-Aiban. During the meetings, the two sides discussed bilateral relations, the regional situation and other issues of mutual interests, the Indian Embassy in Saudi Arabia s
Pakistan has returned the total USD 3.45 billion it owed in debt to the United Arab Emirates, the country's central bank said Friday. The State Bank of Pakistan (SBP) in a social media post confirmed the repayment and said that the transaction was completed on Thursday. "State Bank of Pakistan repaid a deposit of USD 1 billion to Abu Dhabi Fund for Development (ADFD), UAE on April 23, 2026. Deposits of USD 2.45 billion were repaid last week. This completes the repayment of total deposits of USD 3.45 billion to UAE," it said. The announcement came days after Pakistan received a USD 3 billion financial aid from Saudi Arabia. The deposit came in two tranches, with the second tranche of USD 1 billion received on April 21. The UAE had asked for the immediate return of the funds in the wake of the recent situation in West Asia following the US-Israel war on Iran. These funds were part of external financing support extended by the UAE in 2019 to help stabilise Pakistan's balance of payme
Pakistan this month failed to reach an agreement with the UAE to roll over the debt for the first time in seven years
Jaishankar meets UAE leadership, thanks them for support to Indian diaspora amid West Asia tensions, as Pakistan eyes Qatar replacing UAE as creditor
External Affairs Minister S Jaishankar on Saturday began his official visit to the UAE by interacting with the members of the Indian Community. Jaishankar, who is on a two-day visit to the UAE, is expected to focus on exchanging views on the West Asia conflict. "Started my visit to the UAE interacting with the members of the Indian Community. Spoke about GOI's efforts towards their well - being and security amidst the West Asia conflict," Jaishankar posted on X. "Appreciated their contributions to the local society during these difficult times. As well as the support of the Government of the UAE in ensuring the welfare of the Indian community," the post read. The external affairs minister arrived in the UAE on Saturday after concluding his visit to Mauritius, where he attended the 9th Indian Ocean Conference. The West Asia war and Iran's chokehold of the Strait of Hormuz, a vital waterway through which a fifth of global oil passes, had halted shipping and sent global oil prices
India backs ceasefire and calls for de-escalation as Jaishankar plans UAE visit to discuss energy supplies, trade and regional developments
The fresh strikes were launched in response to attacks on the country's oil facilities earlier in the day, Iranian state television was quoted as saying
Pakistan managed to stabilize its economy in recent years with the help of loans from the International Monetary Fund and friendly donors like the UAE
UAE official Anwar Gargash said the Strait of Hormuz cannot be weaponised, stressing that its security is not a regional bargaining chip but a global economic imperative