Tag: UAE

UAE, India sign historic trade pact,trade to touch $100 billion in five years

NEW DELHI: Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council, and Narendra Modi,Prime Minister of India held a Virtual Summit today. At the event, both the leaders laid out their future vision of the historic and friendly […]

India engineering goods exports jump to $82 billion during April-December 2021

NEW DELHI: Exports of Engineering Goods jumped to USD 81.8 billion during April-December 2021 (Provisional) as compared to USD 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%. Engineering Goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period. As compared […]

Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement

NEW DELHI: British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover USD 1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Cairn […]

UAE plans to offer citizenship to select group of foreigners in a rare move

NEW DELHI: The United Arab Emirates (UAE) on Saturday announced plans to grant some foreigners citizenship to this oil-rich nation home to Abu Dhabi and Dubai, part of efforts to stimulate its economy amid the coronavirus pandemic. The UAE previously gave citizenship to Palestinians and others who helped form the country’s government after its formation […]

UAE’s Lulu group to set up food processing centre in Jammu and Kashmir

DUBAI: The UAE-based Lulu Group International has announced a plan to set up a food processing centre in Srinagar for sourcing a wide range of agri products from Jammu and Kashmir. The announcement was made by Lulu group chairman Yusuffali MA on Thursday during a meeting with a delegation from Jammu and Kashmir headed by […]

UAE says Chinese Covid-19 vaccine 86% effective, offers few details

By JON GAMBRELL ABU DHABI:The United Arab Emirates said Wednesday a Chinese coronavirus (Covid-19) vaccine tested in the federation of sheikhdoms is 86% effective, in a statement that provided few details but marked the first public release of information on the efficacy of the shot. The announcement brought yet another shot into the worldwide race […]

UAE’s ADNOC explores more crude storage in Indian strategic oil reserves

NEW DELHI: UAE’s largest oil producer, the Abu Dhabi National Oil Company (ADNOC) on Tuesday said that it is interested in storing more oil in India’s strategic petroleum reserves to boost energy ties with world’s third largest oil consumer. ADNOC is the only overseas company so far that has crude stored in Indian caverns. In […]

NEW DELHI: India’s budget carrier SpiceJet on Wednesday announced plans to launch a new airline with the Ras Al Khaimah International Airport as its base as well as set up its first overseas hub in the UAE emirate, according to media reports. SpiceJet Chairman and Managing Director Ajay Singh said at a press conference in […]

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