• UAE is fourth biggest market for Indian spices

    NEW DELHI, INDIA -  The UAE ranked fourth in the world among the top 12 markets for Indian spices in the fiscal year 2022-23, the Spices Board of India announced. Spice traders, regulatory authorities, import associations and trade officials from the Gulf will be invited for the 14th World Spice...
  • UAE Dirham can be third currency for India-Russia Trade, says Russian economist

    New Delhi, India - Russian academic Sergey Luzyanin has suggested that the United Arab Emirates' Dirham could be considered as a potential currency for India-Russia trade in an interaction between Indian and Russian experts following the Shanghai Cooperation Organisation (SCO) virtual summit organized by India.   The discussion, organized by the...
  • India’s IndiGo places record order for 500 Airbus A320

    Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show. With a list price of $55 billion- the actual sale prices are usually lower- the deal is the largest ever civil aviation order and a "historic" step for both firms,...
  • Abu Dhabi court convicts 13 Indian nationals of money laundering

    The convicts were found guilty of engaging in economic activity using the provision of credit facilities through points of sale (POS) without obtaining a license from competent authorities. The court sentenced four accused, who were present during the trial and others at large in absentia to prison ranging from five...
  • Adani fails to stem stock rout at Indian business empire

    Mumbai, India--Gautam Adani's vast Indian business empire lost billions of dollars more in value on Monday after its rejection of claims of widespread fraud failed to reassure investors. The slump was sparked by a report by US investment group Hindenburg Research that last week alleged "brazen stock manipulation and accounting...
  • UAE takes part in IORA meetings in Bangladesh

    DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and the 24th Committee of Senior Officials (CSO) meeting held in Dhaka, Bangladesh from November 22 to 24. The UAE delegation was led by Ahmed Ali Al Sayegh, Minister of State...
  • India Paytm shares crash on news of regulatory ban, CEO arrest

    Paytm shares nosedived 13 percent Monday after Indian regulators banned the beleaguered payments platform from enrolling new customers and reports its founder was arrested for crashing into a police car.
  • Kuwaiti defense minister discusses ties with Turkish, Indian envoys

    While not verified, the claims by Russia provided some much-needed relief for investors, who had grown increasingly fearful of a conflict in Eastern Europe.
  • Stolen Maradona watch found in India

    Indian police have recovered a stolen watch customized for star footballer Diego Maradona and arrested a suspect behind the alleged theft in Dubai, officials claimed Saturday.
  • Delta variant of Covid found in Kuwait, authorities warn citizens to take precautions

      Kuwait says that many people in the country have contracted the Indian variant The country's health department is conducting genetic examination for the virus on regular basis The most contagious variant of Covid, the Indian strain, also known as the Delta variant, has infected many people in Kuwait, according...