Page 2 - Uae

World shares rise, oil falls 13% as UAE supports OPEC hiking output

Global stock markets rallied on Wednesday and oil prices fell by more than 12% as Ukraine and Russia looked to resume diplomatic talks and UAE supports hiking oil output to ease chaos in energy market

Global oil prices fall most in 2 years as UAE supports output hike

Global oil prices fell on Wednesday by the most in nearly 2 years after OPEC member the UAE said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia

Oil slides 7% as UAE calls for OPEC boost amid Russian supply shock

Prices hit session lows after the Financial Times reported Yousef al-Otaiba, the UAE's ambassador to Washington, said the country favours increasing production

Illicit money flows: UAE set to be placed on FATF's 'gray list'

Just a few votes to the contrary can result in a jurisdiction getting added to the list of nations under increased monitoring

Strict rules of origin in India-UAE trade pact over routing concerns

Dairy, tobacco among others excluded from India-UAE trade pact, says official

'SMEs and startups will benefit from India-UAE CEPA', says FICCI

The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.

India, UAE ink comprehensive trade pact; release roadmap to boost ties

India and the UAE on Friday signed a free trade agreement (FTA) to give a fillip to bilateral trade and economic ties. The agreement, dubbed as the Comprehensive Economic Partnership Agreement (CEPA), was signed and exchanged by Commerce and Industry Minister Piyush Goyal and UAE Minister of Economy Abdulla bin Touq Al Marri. The trade agreement was signed during a virtual summit held by Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Briefing media after the signing of the pact, Goyal said this is a comprehensive and balanced trade agreement. "It opens up huge business opportunities for both sides. The agreement will help in doubling our bilateral trade," Goyal said. An official release stated that the agreement will provide significant benefits to Indian and UAE businesses, including enhanced market access and reduced tariffs. It is expected that the CEPA will lead to increase in bilateral trade from the current USD 60 billion to U

India, UAE eye $100 billion in annual trade after signing trade pact

The agreement eliminates 80% of tariffs on UAE and India goods, while all tariffs are to be removed within ten years; UAE commodities like aluminium, copper and petrochemicals would benefit

India, UAE entering golden era of economic, trade cooperation: Piyush Goyal

India and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security

UAE and India to sign trade and investment deal on Friday

The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries' two leaders, the UAE and Indian local media said.

United Arab Emirates, India to sign trade, investment deal on Friday

UAE de facto ruler Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi will witness the signing of the UAE-India Comprehensive Economic Partnership Agreement (CEPA).

United Arab Emirates to impose federal corporate tax for the first time

The UAE home to Abu Dhabi, Dubai and five other emirates has been steadily introducing new taxes as it seeks to diversify revenue from its mainstay of oil

Israel president Isaac Herzog flies to UAE in first amid regional tension

Israel's figurehead president flew to the UAE in the first official visit by the country's head of state, the latest sign of deepening ties between the two nations as tensions rise in the region

UAE shoots down 2 ballistic missiles fired by Houthis over Abu Dhabi

The attack did not result in any human losses, it said, adding that the remnants of the intercepted and destroyed ballistic missiles fell in separate areas around Abu Dhabi

UAE bans private drones after deadly attack on Abu Dhabi

In a statement, the Ministry of Interior ordered to stop all flying operations of drones and light sports aircraft for owners, practitioners and enthusiasts from January 22

Yemen's Houthis used missiles in Abu Dhabi attack, says UAE envoy

Yemen's rebels used cruise missiles, ballistic missiles and drones in an attack on Abu Dhabi this week that killed three people, the Emirati ambassador to the United States said

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook

Out of this world: 555.55-carat black diamond lands in Dubai

The rare gem was shown off on Monday to journalists as part of a tour in Dubai and Los Angeles

2 Indians, 1 Pakistani killed in suspected Houthi drone attack in Abu Dhabi

The explosions were caused by "small flying objects", possibly drones, that hit three petroleum tankers in Abu Dhabi, police said

Two Indians among three dead as drones target ADNOC tanks: Report

The Indian Embassy in the UAE said that the mission is in close touch with concerned the Emirati authorities for further details