Page 4 - Uae

UK, UAE, US withdraw nearly $1 billion from Pakistan's treasury bills

Pakistan has witnessed major outflows of foreign investment with just three countries withdrawing nearly USD 1 billion from the treasury bills during the current financial year. According to the State Bank of Pakistan, between July 1 and March 14 this fiscal year, inflows into T-bills totalled USD 1.163 billion while outflows stood at USD 1.121 billion, leaving a net balance of just USD 42 million. The withdrawal of USD 1 billion has left the outflows almost matching total inflows in Pakistan's fragile economy leading to investor caution despite attractive returns. The United Kingdom, traditionally Pakistan's largest T-bill investor, had invested USD 710 million during FY25 but withdrew USD 625 million. The United Arab Emirates and the United States recorded outflows of USD 205 million and USD 130 million, respectively. The Pakistan government to bring in foreign inflows has announced higher yields on its T-bills in comparison to most developed and developing economies. A financi

JNPA, DP World's NSICT settle 20-Year tariff dispute with Rs 705 cr deal

The dispute arose in 2005 when NSICT was disallowed to recover royalty payable to the port authority as a cost item of the rate of service

UAE conducts urgent evacuation of injured people, family members from Gaza

The patients departed from Ramon airport in Israel via Karam Abu Salam crossing to receive medical treatment in the country's hospitals

UAE grants Ramadan clemency, pardons more than 500 Indian nationals

This annual tradition of pardoning prisoners during Ramadan reflects the UAE's commitment to justice, compassion, and maintaining strong diplomatic relations with India

UP woman executed in UAE on Feb 15 for death of child under her care: MEA

She travelled to Abu Dhabi on a tourist visa on December 19, 2022, and upon arrival, stayed with a couple who secured a caretaker visa for her and employed her to look after their infant son

UAE-based Sharaf group announces Rs 5,000 cr investment in Kerala

In a move that will create more job opportunities in Kerala, UAE-based shipping and logistics giant Sharaf Group on Saturday announced an investment of Rs 5,000 crore in the state over the next five years. Sharaf Group Vice Chairman, His Excellency General Sharafuddin Sharaf, made the announcement at the Invest Kerala Global Summit here. He said that the shipping and logistics giant, which has been operating in India for the past 28 years and has a presence in more than seven major cities across the country, chose Kerala for investment due to the state government's initiatives to simplify the ease of doing business. Another factor, he said at a press conference during the summit, was the large pool of highly educated and capable human resources available in the state. Sharaf also said that not only in Kerala but in many other cities of India, the ease of doing business was simple, the company received a lot of support, and "things were getting done much faster." He said that the .

UAE-based NMDC Group PJSC to invest Rs 21,000 cr for Vadhvan Port Project

Under the MoU, NMDC Group PJSC will invest in developing the offshore land of Vadhvan coast, involving dredging, reclamation, and shore protection

Reliance Consumer Products launches Campa in UAE to expand global reach

Campa Cola is being launched in the UAE with Agthia Group, a leading F&B company from the region

Reliance Consumer takes soft drink brand Campa Cola to UAE market

Reliance Consumer Products Ltd, the FMCG arm of Reliance Industries, on Tuesday announced the launch of its soft drink brand Campa Cola in the UAE at the ongoing Gulfood, the world's largest F&B sourcing event. Campa Cola, which has disrupted the Indian beverages industry, is being launched in the UAE with partner Agthia Group, one of the region's leading food & beverage (F&B) companies, according to a joint statement. "This debut marks RCPL's first entry into the United Arab Emirates and reaffirms its long-term commitment to the region," it said. Reliance Consumer Products Ltd (RCPL) entered into the soft drink market after acquiring Campa Cola in 2022 and later reintroduced it in 2023. Commenting on the development RCPL COO Ketan Mody said:"We are excited to enter the UAE market with Campa, a heritage Indian brand founded more than 50 years ago. We are investing for the long term and see great potential for accelerated growth in the region. We have a track record of ...

At $3.8 trillion, India's top 500 pvt cos value more than the country's GDP

NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.

Ukraine's Prez Zelenskyy travels to UAE as momentum grows for peace talks

Ukrainian President Volodymyr Zelenskyy travelled to the United Arab Emirates late Sunday as momentum grows for potential peace talks ending Moscow's war on the country. US President Donald Trump last week suggested he would be meeting Russian President Vladimir Putin in Saudi Arabia. The UAE, home to Abu Dhabi and Dubai, long has been floated as a possible site for peace talks as well given the large population of Russian and Ukrainian expatriates who have flooded the country since the war began, and due to the Emirates' work on prisoner exchanges in the past. Zelenskyy arrived in Abu Dhabi after attending the Munich Security Conference in Germany. Footage released by his office showed him and his wife, Olena Zelenska, being greeted by an Emirati official and honor guard at the airport late Sunday night. Zelenska has travelled to the UAE since Russia's full-scale invasion in 2022, but this trip is Zelenskyy's first to the UAE since the war began. "Our top priority is bringing eve

Elon Musk's The Boring Co signs preliminary deal on Dubai Loop project

The Boring Company said the memorandum of understanding covers an initial pilot phase of 11 stations, transporting passengers at speeds up to 160km per hour

UAE strongly condemns provocative Israeli statements against Saudi Arabia

Khalifa Bin Shaheen Al Marar, Minister of State, underlined the UAE's full solidarity with the Kingdom of Saudi Arabia

Saudi Arabia, UAE expected venues for Trump-Putin meet: Russian sources

However, senior Russian officials have visited both Saudi Arabia and the UAE in recent weeks, according to the Russian sources, who spoke on condition of anonymity due to the sensitivity of situation

No level playing field in allocation of bilateral rights: Akasa Air to govt

Bilateral rights, negotiated between two countries, determine the number of flights allowed between them. Each government then allocates its share to its airlines

India-UAE ties to deepen as world navigates complicated phase: Jaishankar

External Affairs Minister S Jaishankar on Monday said the collaboration between India and the UAE on the international stage is set to deepen further as the world navigates a "complicated' and 'volatile' phase with the changing global order. Earlier in the day, Jaishankar embarked on a three-day visit to the United Arab Emirates (UAE) to further enhance India's comprehensive strategic partnership with the influential Gulf nation. Speaking at an event organised to celebrate the 75th anniversary of India's Republic Day in Abu Dhabi, Jaishankar said, "The world has entered a complicated and volatile phase because the global order is changing for real. These are occasions when new opportunities arise, and true friendships are forged." "As we contemplate the global scenario, there is much that draws our two nations together. I can confidently assert that our collaboration on international platforms will only get stronger," he asserted. The minister underlined that the number of Indians

Chivalrous Knight 3: Trucks carrying 1,442 tonnes of UAE aid entered Gaza

The UAE humanitarian aid team based in Al Arish is supervising the accurate loading of the aid and overseeing its delivery through the Rafah Border Crossing

Trade game: Exports to China saw sharpest fall in December, shows data

India's shipments to 4 of top 10 destinations declined

NPCI International, UAE fintech partner to enable UPI for Indian travellers

The collaboration with fintech firm Magnati will enable QR-based UPI merchant payments through point-of-sale (POS) terminals across the UAE

UAE launches education campaign in Gaza under Operation Chivalrous Knight 3

The UAE, as part of the 'Operation Chivalrous Knight 3', has launched a campaign to support education in the Gaza Strip.The campaign includes sending school bags and educational supplies to children, aiming to assist students in continuing their education amid the difficult humanitarian conditions facing the sector.As part of the UAE's ongoing humanitarian efforts, the campaign includes aid in the form of school bags equipped with essential supplies, including notebooks, pens, and stationery, as well as other school supplies. These will be sent in batches to support the educational process and encourage students to continue studying.This initiative comes within the framework of efforts led by the UAE, with the participation of the Emirates Red Crescent (ERC), Zayed Charitable & Humanitarian Foundation, Khalifa bin Zayed Al Nahyan Foundation, and Sharjah Charity International, to alleviate the living burdens on Palestinian families and enhance educational opportunities for ...