UAE-India trade to scale new high

Bilateral trade and investment between the UAE and India are set to start a new growth chapter in 2016 and will scale to a new peak in coming years as several agreements are expected to be signed during a high-level UAE government delegation visit to India this week, according to an expert. Indian Business and […]

Rajesh Exports buys world’s largest gold refining firm Valcambi for $400 mn

In what could be the first overseas acquisition by an Indian jewellery firm, Rajesh Exports (REL), has acquired Switzerland-based gold and silver-processing company Valcambi for an investment of $400 million. The Rs 50,000-crore REL made an all cash deal through its wholly-owned subsidiary in Singapore. Credit Suisse is part financing the acquisition through a long-term debt. […]

Lasting friendship, advanced relationship

The United Arab Emirates and the Republic of India have, for centuries, enjoyed strong, sustained relationships ever since trade was established as the primary activity connecting the people of both nations, by virtue of the two countries’ strategic locations along global maritime trade routes. Modern-era relations between the UAE and India began with the establishment […]

Pradhan for boosting bilateral trade in energy sector with UAE

Minister of Petroleum and Natural Gas Dharmendra Pradhan on Wednesday said that there was lot of untapped potential to boost trade and investment in the hydrocarbon sector with the UAE. In a bilateral meeting with UAE Energy Minister Suhail Mohammed Al Mazrouei, he said that while there were no upstream engagements by any Indian exploration […]

UAE, India trade tops Dh216bn in one year

Trade between the UAE and India has rapidly grown over the past two decades due to their strong political, social and economic links, with the bilateral exchange topping Dh216 billion in fiscal year 2014-2015. The figure includes around Dh122 billion worth of Indian exports to the UAE and Dh94 billion worth of UAE export to […]

India offers stakes to UAE in petro projects

The government of India has offered UAE stakes in petrochemical plants and refinery projects, as it seeks to boost energy ties with the cash-rich Gulf nation. Petroleum Minister Dharmendra Pradhan on a two-day visit to UAE, promised “fair, transparent and attractive” policy regime for investing in oil and gas sector in India. Addressing industry captains […]

UAE-based Indian firms to invest $3.6 billion in Uttar Pradesh

DUBAI: Five leading Indian-owned businesses in the UAE will invest over $3.68 billion in infrastructure and industrial development initiatives in Uttar Pradesh after an MoU was signed in this regard during an investment forum held here. The move comes after UP Chief Minister Akhilesh Yadav had launched an ambitious programme to boost all-round development of […]