#India

Droupadi Murmu Indian President

Droupadi Murmu elected as 15th President of India

Hailing from a tribal community in the Indian state of Odisha, the former primary school teacher has served previously as the Governor of Jharkhand, a state in the eastern part of India

Oil

Oil declines as traders weigh mideast supply after Biden trip

Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets

UAE to invest $2bn in India’s ‘food parks’

UAE announces investment of $2bn to set up food parks in India

Israel and US will bring state-of-the-art technologies and expertise to the food parks in India

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

UAE

UAE’s CEPA pacts to grow economy by 2.6% by 2030 – minister

In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia

UAE Indonesia

UAE inks economic pact to boost trade with Indonesia

The Indonesia deal is the UAE’s third major trade pact since it announced the plan to broaden its economic relationships in 2021

UAE investors sign $2.76bn worth of investment with Odisha, India

CM Naveen Patnaik met key UAE business groups as part of an investment roadshow to promote investment in the state’s industrial sector

DP WORLD expands presence in India

UAE’s DP World opens new tech centres in India

DP World’s presence in the Indian technology market has grown rapidly, with its employee numbers rising from 50 in 2021, to more than 450 now

Egypt - WHEAT - BRICS

UAE suspends re-export of Indian wheat for four months

The Ministry of Economy said that the decision comes in view of the international developments that have affected trade flows

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers

Agreement

UAE, Israel sign comprehensive economic partnership agreement

The agreement will support service sectors such as hospitality, financial services, distribution and construction

Qatar exports surge as demand for gas climbs on Ukraine crisis

China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

DXB

Dubai’s DXB records 13.6 million passengers in Q1 2022

DXB is currently connected to 193 destinations across 92 countries via 73 international carriers

Toyota

Toyota to invest $624m to make EV parts in India

Indian automakers could generate $20bn in revenue from electric vehicles between now and fiscal year 2026

OPEC+ still sees no need to change plan despite Ukraine crisis

Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month

Emirates_Airline

Dubai’s Emirates announces revised schedule for flights to India from April 1

The airline will revert to its pre-pandemic frequency, operating 170 weekly flights to nine cities in the country

Emirates

Emirates Skywards and ICICI Bank to launch new co-branded credit card in India

India is home to Emirates Skywards’ fifth largest membership base

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

UAE scraps rapid PCR tests for passengers from several countries including Pakistan, India

Sharjah-based Air Arabia said on its website that incoming passengers from eight countries are no longer required to conduct a rapid PCR test at the airport six hours prior to departure

UAE eyes more trade pacts to secure billions in investments

The UAE signed a deal with India recently

Dubai’s DXB welcomes 29.1 million passengers in 2021, remains world’s busiest airport

India retained its position as the top destination country for DXB by passenger volumes

Dubai’s Averda secures $45m investment from US firm to develop recycling facilities

The waste and recycling company will use the investment loan to develop and set up plastic recycling facilities in Africa and India

India and UAE complete talks on bilateral pact to boost trade

Total trade between India and the UAE stood at $53bn during April-December 2021-22

Abu Dhabi Vaccine tourism

Abu Dhabi International Airport receives 5.26 million visitors in 2021

The airport handled 711,715 tonnes of freight in 2021

Dubai received 7.28 million overnight visitors in 2021

Hotels in the emirate recorded average occupancy levels of 67 per cent last year

Expo 2020 Dubai records almost 9 million visits in first three months

From October 1 until December 31, almost 30 per cent of all visitors came from outside the UAE

UAE’s Mashreq partners with Turtlemint to offer bespoke insurance solutions

The new proposition will enable information transparency and empower Mashreq’s customers to make an informed choice while buying insurance products

In pictures: Expo 2020 Dubai records 5.66 million visits until Dec 5

More than a quarter of November visitors came from outside the UAE