UAE
India-UAE ties are not only comprehensive but strategic: India's envoy Sunjay Sudhir
"Now, as the two countries have decided to draw up an institutional mechanism to give trade preferences to each other, the bilateral trade is bound to shoot up. So far as CEPA is concerned, it’s a very comprehensive document, covering not only goods but also services. As far as India’s exports are concerned, the day CEPA comes into effect, likely from May 1, our items worth 90% of current exports will have zero duty, down from 5% at present. "
UAE energy chief doubles down on OPEC alliance with Russia
The United States, European nations, Japan and others have been calling on Gulf Arab oil producers to do more to help bring down prices. Britain's Prime Minister Boris Johnson paid an in-person visit this month to the UAE and Saudi Arabia, where he raised the issue.
Dubai-based devotee donates Rs 1 crore to Lord Venkateswara shrine
After offering worship at the hill temple on Friday morning, the devotee M Hanumanta Kumar, a chartered accountant in Dubai, handed over the demand draft for Rs one crore to YV Subba Reddy, Chairman of Tirumala Tirupati Devasthanams (TTD) that governs the ancient shrine, the official said.
Dubai airport to close one out of two runways for 45-day maintenance
During the closure of the northern runway, some services will be moved to Al Maktoum International, Dubai's second airport which is located in the south of the emirate. The northern runway last underwent extensive maintenance work in 2014, while the southern runway was refurbished in 2019.
Ukraine conflict opens diplomatic and energy opportunities for Qatar
Qatar has sought a largely neutral stance on the conflict, but while trying to avoid choosing sides, it has signalled through its response that it can offer significant political and economic assistance to Western partners.
Emirati-flagged cargo ship sinks in Persian Gulf off Iran
Capt. Nizar Qaddoura, the operations manager of the Salem Al Makrani Cargo company, told The Associated Press that the Al Salmy 6 encountered rough and stormy weather, then capsized.
India-UAE trade pact: Bilateral trade projected to touch $100 bn in 5 years
The India-UAE CEPA is a comprehensive and balanced partnership agreement that will give enhanced market access for India in both goods and services, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha.
Dubai's state-owned water, power utility plans public offer
The announcement comes as the sheikhdom in the United Arab Emirates tries to revitalize its Dubai Financial Market exchange, which has seen several firms delist amid recent economic woes.
UAE will not act on its own to raise oil output
The UAE's ambassador to Washington, Yousuf Al Otaiba, had said in a statement the embassy posted on Twitter that Abu Dhabi favoured an increase in oil production and would encourage OPEC to consider higher output. Until now, OPEC+ has resisted calls from the United States and allies to ramp up output, even as oil prices surge to more than $120 a barrel.
UAE placed on money-laundering grey list, promises 'robust' response
The wealthy Gulf state, which includes the freewheeling trade-to-tourism hub Dubai, was named on the Paris-based Financial Action Task Force's 23-strong list on Friday, joining the likes of Yemen, Syria and South Sudan.
Abu Dhabi wealth fund cuts jobs in effort to save $272 mn in costs
ADIA, which manages capital on behalf of the oil rich Abu Dhabi government, has focused on trimming its bloated management team, cutting expensive, long-tenured staff who have worked there for decades, said the sources, declining to be identified as the matter is not public.
UAE relations with US facing 'stress test': Emirati diplomat
Yousef al-Otaiba, the Emirati ambassador to the US, was speaking days after the UAE abstained in a UN Security Council vote on a resolution demanding a Russian withdrawal from Ukraine.
Ties between UAE, United States undergoing 'stress test', UAE envoy says
Speaking at a defense technology conference in Abu Dhabi, Otaiba said the UAE was open to doing defense business with all companies and countries but also sought to develop an organic defence industry to become more self-sufficient.
UAE non-oil private sector conditions improve in Feb - PMI
The United Arab Emirates' non-oil private sector expanded at a faster pace in February as demand improved and output rose markedly, though growth was still slower than in the fourth quarter of 2021, a survey showed on Thursday.
Abu Dhabi's Etihad carrier posts USD 476 million loss amid pandemic
The airline said it carried 3.5 million passengers in 2021, with passenger loads doubling in the second half of the year during the UAE's peak winter travel season. Still, its overall passenger revenues were down 14 per cent compared to the year before.
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