- Dubai, United Arab Emirates - Pakistan captain Salman Agha said India had "disrespected cricket" while Indian counterpart Suryakumar Yadav complained his side "were denied the trophy" after winning a fraught Asia Cup. The two teams did not shake hands for the third Asia Cup match running as India won the...
Growth in focus as UAE signs CEPAs with key nations
Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel. Trade deal with Colombia is also imminent.Twitter files suit in Indian court to challenge orders to block content
Twitter is challenging the Indian government's orders to block content on its social media site in court, local media reported Wednesday citing legal documents. The suit is the latest showdown between Twitter and Indian authorities, which have been accused of muzzling criticism both on and offline. In the case filed...CEPA with India, Israel, Indonesia to help UAE economic growth
The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the Gulf country's national economy grow by 2.6 percent by 2030.DP World, NIIF expand ties
NIIF Master Fund will invest $300m in DP World subsidiary HPPL.Indian police arrest journalist, a critic of Modi
Indian police on Monday arrested the co-founder of a top fact-checking website who has been a vocal critic of Prime Minister Narendra Modi's government, his colleague said. Mohammed Zubair was arrested in Delhi after being called in for questioning in an earlier case, said Pratik Sinha, who runs the Alt-News...Saudi Arabia lifts travel ban on Turkey, India, Ethiopia, Vietnam
The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.UAE-India trade to rise 120% to US$100bn in 5 years
The agreement is the first of its kind that the UAE has signed with any country, and it is India's first with any country in the Middle East and the Gulf region.DCCC holds talks on UAE-India free trade agreement
Dubai Customs Consultative Council held a meeting on the historic UAE-India Comprehensive Economic Partnership Agreement, expected to increase trade between the two countries by 120 percent to US$100 billion within five years.UAE prohibits export, re-export of Indian wheat, flour for four months
UAE's Ministry of Economy said the "decision comes in view of the international developments that have affected trade flows and in appreciation of the strategic relations that bind the two countries, especially after the signing of the Comprehensive Economic Partnership Agreement.Flood of net zero vows suffer ‘credibility gap’: report
While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in many plans, according to an analysis published Monday that raises fears of potential large-scale greenwashing by businesses. Faced with mounting urgency and public pressure as deadly and costly climate impacts...Indian central bank raises interest rates to tame inflation
India's central bank on Wednesday hiked rates for a second time in as many months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war.Jordan’s exports from Jan-May 2022 hit $478 million
Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339 million, compared to JD248 million for the first five months last year. According to the ACC's statistical data announced on Sunday, the number of ACC certificates of origin issued during...GCC slams Islamophobic remarks by top officials of India’s ruling party
Gulf countries, including Saudi Arabia, on Sunday condemned remarks about the Prophet Mohammed made by top officials in India's ruling party that were described as "Islamophobic". The remarks by a spokesperson for Indian Prime Minister Narendra Modi's party last week were blamed for clashes in an Indian state.Egypt to sign wheat-for-goods swap deal with India to fight shortage
Moses Elhy met with the Indian ambassador to Egypt on Wednesday to discuss the potential swap agreement for 500,000 tons of wheat.Diamonds forge cornerstone of Israeli-Indian relations
Israel's Diamond Exchange is home to some 30 Indian companies making India the foreign nation with the biggest number of firms on the bourse. Most Indian diamond families, about 80 people, live close to the diamond exchange in the city of Ramat Gan, and many stay in the same building.UAE and India to expand ties in renewable power, sustainable finance
India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total volume of the UAE's trade with the world, and 13 percent of the UAE's non-oil exports.After banning wheat shipments, India caps sugar exports
India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war.Dubai Chamber of Commerce reports 55% membership growth in April 2022
The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to 300,000 companies.IHC completes $2bn Adani deal
IHC to provide capital to Adani firms for green energy projects.Oman, India bilateral trade rises to $9.9b in 2021-2022
There has been a 94.8% increase in the number of Indian businesses registering with Oman MoCIIP’s Invest Easy portal, up from 450 in 2019 to 877 in 2021.Oman-India Joint Commission to discuss Free Trade Agreement with GCC
A meeting of the Oman-India Joint Business Council, under the umbrella of the Federation of Indian Chambers of Commerce and Industry and the Oman Chamber will be held Friday.Indian rupee falls to new low on inflation fears
The Indian rupee plunged to an all-time low against the greenback on Monday, as US monetary policy tightening roiled sentiment and foreign investors continued to dump domestic stocks. The rupee fell past its previous record low of 76.98 against the US dollar in March to 77.56 on Monday.Reliance nets $100bn annual revenue
With this turnover, it became the first Indian firm to cross the mark.India central bank raises interest rate ahead of Fed announcement
India's central bank announced a surprise interest rate hike of 0.4 percentage points on Wednesday, as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war. In its first increase in borrowing costs since August 2018, Reserve Bank of India governor Shaktikanta Das said it would...India seizes $725m from China’s Xiaomi over ‘illegal’ remittances
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday. The firm's India office was raided in December in a separate investigation over alleged income tax evasion.Videoconferencing hinders creativity, study finds
The pandemic has changed the nature of office work, propelling a massive rise in videoconferencing that looks unlikely to abate as homeworking becomes more entrenched.India turns to dung as new energy source
Cultivating alternative energy sources is an urgent priority in India, which burns coal to meet nearly three-quarters of the energy needs of its 1.4 billion citizens.Egypt turns to India to import much needed wheat
Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north African nation's main sources of wheat. El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources...ACI exports up 50% in Q1
The growth was driven by medical supplies, dermatology, knitting sector.Sweet smell of Ramadan in South Asia
The region is home to around a third of Islam's adherents. Festive Iftar meals traditionally bring families together and there is intense social activity.HDFC Bank of India to merge with parent, forming $237bn company
India's largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies said Monday, as low interest rates send demand for home loans soaring.Ramadan starts on Sunday for Shiite Muslims in Iraq, Iran, Lebanon
Traditionally, many Muslim-majority countries have followed dates set by Saudi religious authorities, but in recent years many have used their own astronomic calculations.India and Australia sign trade deal to cut tariffs
India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.UAE-India CEPA to become operational in one month: Emirati officials
The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.India bypasses Western attempt to choke off Russian oil supply
Indian government officials on Friday defended the continued buying of Russian oil, saying European countries were still purchasing hydrocarbons from Moscow and that high crude prices left New Delhi with little choice.WTO chief hails Covid vaccines IP compromise
Ngozi Okonjo-Iweala said the compromise was a big step forward in a bid to end the logjam at the global trade body.The UAE-India trade to touch $100bn by 2030
The economic ties between the UAE and India have been reinforced by growing trade between the two countries that stood at $60 billion in 2019. It is now estimated to touch $100 billion by 2030, a far cry from $180 million in the 1970s.UAE non-oil foreign trade grows by 27 percent in 2021 to $517 billion
The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth was consistent across all areas, including exports, imports and re-exports.India, UAE have historic friendship, partnership: Speaker of Lok Sabha
Birla made this statement during a joint Emirati-Indian session chaired by Saqr Ghobash, Speaker of the Federal National Council.Dubai International Airport world’s busiest for eighth consecutive year
Dubai International Airport (DXB) continues to be the world’s busiest airport by international passenger numbers for the eighth consecutive year after clocking 29.1 million in annual traffic in 2021. The airport’s annual traffic exceeded forecasts for the year by more than half a million passengers, on the back of a...UAE and India sign ‘milestone’ pact to boost economies
Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, and India's Prime Minister Narendra Modi held a virtual summit to witness the signing of the Comprehensive Economic Partnership Agreement, among other pacts.India sets an ambitious goal to be a hub for green hydrogen
India has unveiled the first part of a drive to attempt to turn the world's third-largest emitter of greenhouse gases into a "hub" for green hydrogen.India to list its largest insurer, set to raise $10bn
India is embarking on the blockbuster listing of the country’s largest insurer as part of a wider privatization drive to bolster public coffers drained by the coronavirus pandemic and fund new infrastructure.DP World volume growth 9.4 percent
All DP World regions delivered volume growth, especially India.UAE climbs to 3rd globally in Agility Emerging Markets Logistics Index
The UAE is the most competitive emerging market in GCC and the third most competitive on a global scale after China and India, according to the annual Agility Emerging Markets Logistics Index. The UAE led all 50 countries in the Index in creating the best business conditions and in the...Sri Lanka gets $500m Indian loan to pay for oil
The island's economic woes have left thermal power generators unable to keep the lights on, as traders run desperately low on foreign currency to fund imports.India announces digital currency and ‘crypto tax’ in budget
India will have its own digital currency starting 2022-23, Finance Minister Nirmala Sitharaman said while announcing the country’s budget for the upcoming financial year that begins April 1. The Central Bank Digital Currency (CBDC) would be issued by the Reserve Bank of India, the country’s central bank.Emerging markets: A constructive 2022 in sight
Even in the face of the ongoing COVID-19 pandemic, policy changes, technology disruption and other challenges, positive structural forces remain apparent and are likely to foster fresh investment opportunities across emerging markets. Digitalization and decarbonization will also play key role in pushing up the markets, he adds.Amman Chamber of Industry exports up by 17 percent in 2021
The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019, driven by the increase in exports of eight sub-sectors, according to official data. These figures indicate that Jordan's industry overcame hardships and enhanced its presence in important global markets, based...Sharjah Publishing City Free Zone registers 2,000 new companies in 2021
A total of 2,000 new companies from 106 countries registered with the Sharjah Publishing City Free Zone (SPC Free Zone) in 2021. The Free Zone said in a statement that most of these companies were from the UK, India, Pakistan, the Philippines, and Lebanon. Stakeholders in the education and publishing...




















































