NPCI International Payments (NIPL), the global arm of the National Payments Corporation of India, has partnered with UAE’s Mashreq to enable acceptance of the Unified Payments Interface (UPI) platform in the UAE.

IndiGo will resume flights between India and the United Arab Emirates (UAE) from 1.30 am (IST) on Friday (August 20), a company spokesperson said. UAE had suspended IndiGo flights for a week from Tuesday (August 17) after reports that it flew some passengers without conducting the rapid PCR test at departure airport.

The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic. The United Arab Emirates, the group’s fourth-biggest producer, argued against a deal proposed by Saudi Arabia and Russia to extend quota limits until the end of next year, rather than ending them in April as … Continue reading Oil and dollars: Why the UAE is risking a falling-out with OPEC+

Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month. The bitter clash has forced OPEC+ to halt talks twice already, with the next meeting scheduled for Monday, putting … Continue reading OPEC+ crisis: Saudi Arabia, UAE in rare diplomatic spat

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%

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.