Indicating a pick-up in economic activity, imports went up for the first time since February, rising 7.6% to $42.6 billion in December, while exports were 0.8% lower at $26.9 billion on account of lower shipment of oil products to the UAE and parts of Europe. As a result, trade deficit widened to $15.7 billion, the … Continue reading Imports go up for 1st time since last Feb, exports dip 0.8%
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The United Arab Emirates has approved granting “golden” visas allowing 10-year residency to certain professionals, specialised degree-holders and others, Dubai’s ruler said on Sunday. All holders of doctorate degrees, medical doctors and also computer, electronics, programming, electrical and biotechnology engineers are eligible.
The IPL being held in UAE this year could provide some much-required respite to the travel industry, among the worst hit by the pandemic. The IPL teams have chartered Vistara to fly their players and other members from Delhi and Mumbai to Dubai and Abu Dhabi.
Finance minister Nirmala Sitharaman on Monday held a virtual bilateral meeting with United Arab Emirates (UAE) minister of state for financial affairs Obaid Al Tayer and urged the Middle Eastern nation to participate in India’s ambitious Rs 111 lakh crore National Infrastructure Pipeline.
In a relief for Indians who need to return to UAE, India and UAE have allowed their airlines to carry people authorised to travel between the two countries. Air India on Thursday said: “ICA approved UAE residents (returning to UAE from India)” can travel on Vande Bharat Mission flights operated by it and AI Express … Continue reading ‘Eligible Indians to return to UAE from July 12′
India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with the matter said on Monday.
Data accessed by TOI pointed to a spurt in mobile exports after several assembly units came up in the country. The list of exporters includes Apple, which is shipping iPhones, as well as other prominent brands such as OnePlus and homegrown ones such as Lava and Karbonn. Over half the cellphones were shipped to the … Continue reading Mobile exports buck trend, grow 3x in Apr-Nov