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.