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Trade with UAE has increased by 16% to reach $85 million in 2022-23 during which it was also the fourth largest source of FDI with $3.5 billion investment in India. IOCL and Abu Dhabi National Oil Company signed a long-term 14-year deal for buying 1.2 MMT LNG ....
In a notification, the Directorate General of Foreign Trade (DGFT) said that those companies can obtain the physical delivery of the consignment through International Financial Services Centres Authority (IFSCA)-registered vaults located in special economic zones. ....
The United Arab Emirates is exploring investments of up to $50 billion in India, its second-largest trading partner. The potential pledges, which could be announced in early 2023, aim to strengthen bilateral ties and increase non-oil trade to $100 billion. Discussions include investments in Indian infrastructure projects and state-owned assets. ....
ABU DHABI: Union commerce and industry minister Piyush Goyal on Thursday said that India and United Arab Emirates (UAE) are aiming to expand the bilat. ....
In a significant development, RBI Governor Shaktikanta Das and Governor of the Central Bank of UAE H.E. Khaled Mohamed Balama have come to an agreement to establish a comprehensive framework for utilizing local currencies in bilateral transactions between India and the UAE. The Memorandum of Understanding (MoU) encompasses all current account transactions as well as permitted capital account transactions, paving the way for smoother financial exchanges between the two Asian nations., Economy News, Times Now ....