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Tag Archives: India

ADNOC evluating chemical investment in India

The Abu Dhabi National Oil Company, ADNOC, Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding, MoU, to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of …

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Turning Point in US Foreign Policy?

By Graham E. Fuller | Is American foreign policy,  so long drifting towards collapse and irrelevance, about to be revolutionized? An article written by veteran journalist Stephen Kinzer in the Boston Globe today contains exciting news with revolutionary implications for US foreign policy, America’s place in the world, and a …

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Abu Dhabi selling real estate to Indian investors

An Indian real estate consultant Anarock announced on Monday that it has partnered with Aldar Properties to sell housing and commercial assets located in Abu Dhabi to Indian investors, Press Trust of India, PTI, reported on Monday. Aldar Properties PJSC is Abu Dhabi’s leading property development, management and investment company. …

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IndiGo connects India and UAE

IndiGo commenced two new daily direct flights from Delhi and Mumbai to Abu Dhabi yesterday. The inaugural flight from Indira Gandhi International Airport (DEL) in Delhi to Abu Dhabi took flight on Wednesday, 5th June at 19:55 Local Time (LT), while the flight from Abu Dhabi to Chhatrapati Shivaji International …

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ADNOC building strategic partnership with India

The Abu Dhabi National Oil Company, ADNOC, has marked the inauguration of Narendra Modi as Prime Minister of India. To mark the occasion, the Indian and United Arab Emirates flags and a video of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE …

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Adnoc aims to deepen energy ties with India

Dr Sultan Ahmad Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc), met Prime Minister of India Narendra Modi at an invitation-only energy leaders’ roundtable, as the UAE seeks to expand partnership and investment opportunities, especially in the energy sector. The roundtable, …

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India to keep buying Iranian oil despite US sanctions

India will buy 9 million barrels of Iranian oil in November, two industry sources said, indicating that the world’s third-biggest oil importer is to continue purchasing crude from the Islamic republic despite US sanctions coming into force on November 4. “Refiners have placed November nominations to lift 1.25 million tonnes …

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Dubai’s Burj Khalifa beams Gandhi’s images

Mahatma Gandhi’s images beamed on Burj Khalifa this evening, marking the commencement of the 150th birth anniversary celebrations of India’s Father of the Nation. The special LED show, jointly organised by the Indian Embassy, Abu Dhabi, Indian Consulate in Dubai and Emaar Properties, took place at 8:20pm and 8:40pm on Tuesday. Gandhi Jayanti …

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Russia is said to plan air-defence deal with India next week

Russia is expected to sign a deal to supply advanced S-400 surface-to-air missile systems to India next week during President Vladimir Putin’s visit to New Delhi, a Russian official said. The threat of US sanctions against buyers of Russian weapons — imposed most recently on China — won’t affect the …

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India has no plans to buy Iran oil in November

India is not planning to buy any crude oil from Iran in November, raising the prospect that Tehran will lose another major customer as US sanctions hit. Indian Oil Corp. and Bharat Petroleum Corp. haven’t asked for any Iranian cargoes for loading in November, according to officials at the companies. …

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Careem acquires talent and technology of India’s Commut

Dubai-based ride-hailing company Careem has acquired the talent and technology of India’s third largest mass transport app — Commut — for an undisclosed amount. The Hyderabad-based Commut is a minibus shuttle service for daily office commuters in the state since November 2015. Careem said in a statement the deal will …

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India-UAE food corridor to benefit 2m people

An ambitious project — the India-UAE food corridor — will benefit two million farmers and create an additional 200,000 jobs across India, thanks to cumulative investments of more than $5 billion (Dh18.35 billion) by the UAE in the next three years, a top Indian diplomat told Gulf News. Explaining the …

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Banking the unbankable: Rise is on a mission

A majority of the UAE’s 750,000 maids earn less than Dh2,000 per month, according to Rise, a Dubai-based start-up aimed at providing banking facilities to low-income workers. While this may be a relatively small amount individually, Rise saw the potential for scale. Collectively, maids in the UAE make $5 billion …

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Kuwait plans domestic labour pact with India

Kuwait plans pacts with four Asian countries to recruit domestic labour under clear regulations, Kuwaiti Minister of Social Affairs and State for Economic Affairs Hend Al Sabeeh has said. The move comes amid a reported dispute over rules for employing domestic helpers from the Philippines. Al Sabeeh named India, Bangladesh …

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India need not fear oil shortage: UAE envoy

Even as the US-imposed sanctions on Iran has put India’s energy security in jeopardy, UAE Ambassador to India Ahmad Al Banna has allayed fears of an oil shortage, saying his country as well as Saudi Arabia can fill in if supply from Iran is disrupted. “In the international market, the …

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Why remittances are prohibited in these UAE outlets

Some money changers in UAE are appealing a recent decision by the Central Bank to prohibit them from doing remittance transactions. UAE resident have been advised that they can no longer transfer money or receive salaries through at least seven exchange houses. The UAE Central Bank confirmed on Monday that …

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Petrol, diesel in Delhi hit record highs

State-run Indian Oil Corp on Sunday raised transport fuel to record highs in Delhi on the seventh day of resuming the daily price change system, following a temporary suspension that lasted 20 days. The price of petrol in Delhi touched a record high of Rs 76.24 per litre under the …

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