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India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
More oil releases from the US Strategic Petroleum Reserve won't 'rock the boat', says UAE's energy minister
Ensuring global energy markets are balanced is more of a concern to Suhail Al Mazrouei, who told Bl…
Brian Evans
Saudi Arabia, UAE join Elon Musk and Chinese tech titans in the race for scarce Nvidia chips
Saudi Arabia and the UAE are the latest players piling into Nvidia chips, joining Elon Musk and Chi…
Joseph Wilkins
A US ally is forging ties with China's air force but probably won't get its J-20 stealth fighter
The United Arab Emirates is building ties to China's air force in what may be a scheme to eventuall…
Paul Iddon
UAE suspends $23 billion F-35 fighter jet deal with the US after the latter frets over China relationship
'Technical requirements, sovereign operational restrictions, and cost/benefit analysis led to …
United Arab Emirates sentences Khashoggi's former US lawyer to prison on money laundering charges
Asim Ghafoor, a US citizen, was reportedly heading to a family wedding when he was arrested by UAE …
Pocharapon Neammanee
The UAE and India are in talks to use rupees to trade non-oil commodities in shift away from US dollar, report says
The move would build on an agreement signed in 2022, which aimed to increase trade excluding oil be…
Brian Evans
Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE's local currency: report
Russia is insulating itself from Western sanctions as it trades oil in currencies other than the do…
Phil Rosen
India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE
India and the United Arab Emirates have moved to settle bilateral trade without the buck, marking t…
Phil Rosen
FDI equity inflows decline 15% to USD 36.75 billon in Apr-Dec FY23
Foreign direct investment (FDI) into India declined by 15 per cent to USD 36.75 billion during the …
PTI
Drone player Garuda Aerospace raises $22 mn from SphitiCap & others
Drone-as-a-Service (DaaS) player Garuda Aerospace on Monday said it has raised $22 million as Serie…
The US is scrambling to fix its relations with Saudi Arabia and the UAE as gas prices skyrocket over the Ukraine war
Secretary of state Antony Blinken recently apologized to the UAE for failing to ensure its safety f…
Bill Bostock
India, UAE in talks for rupee-dirham denominated bilateral trade
India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade.
ANI
Ukraine's Patriot kills of Russian planes and missiles have turned a US air-defense weapon with a troubled past into a hero
The decision to send Patriot surface-to-air missile systems to Ukraine sparked debate due to its pa…
Sinéad Baker
Tea exports rise 14.8 pc to 140.28 mkgs in Jan-Aug period this year
Exports of tea from India increased by 14.8 per cent to 140.28 million kilograms in the first eight…
PTI
Diamond demand heads for a hard landing with ‘temporary disruption’ at play
Diamonds are forever, they say, but the love for bling is waning in different ways. Not only is dem…
Russian oil products are heading to the crude-rich Persian Gulf as the UAE and Saudi Arabia take advantage of cheap barrels
Gulf nations are using discounted Russian barrels in their own countries while they continue to exp…
Phil Rosen
There was nothing political about OPEC's production cut, UAE energy minister says
"UAE supported the technical decision of OPEC on the technical merits of that decision. And there i…
Jennifer Sor
After the I2U2 summit, could the blue economy assist Asia's rise?
Amid an uptick in multilateral partnerships like the I2U2 - involving India, Israel, the United Sta…
Monkeypox can heal itself but will cause more deaths: WHO
Amid four deaths due to monkeypox outside Africa, including India, the World Health Organization (W…