Argentina and the UAE used a high-level economic seminar in Abu Dhabi as a forum to discuss potential new trade and investment opportunities. Prominent government representatives and corporate executives from both countries attended the event, which was co-organized by the UAE Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry. Talks focused on Argentina's recently implemented Incentive Regime for Large Investments, a calculated move to draw in foreign investment, especially from investors in the UAE. Tax incentives, regulatory stability, and long-term predictability ar
According to an official source, India and the United Kingdom will continue negotiations on the proposed free trade agreement (FTA) beginning February 24. The UK trade minister is set to visit New Delhi soon to speed up discussions. The talks began in January 2022 but stalled as both countries entered their general election cycles. The pact seeks to boost bilateral trade and investment by removing or lowering duties on most commodities. It would also simplify restrictions to encourage trade in services and investments. Indian industries are advocating for increased access for qualified pro
Egypt's Foreign Minister Badr Abdelatty is scheduled to visit India this week for the first-ever bilateral strategic engagement between the countries. Abdelatty's journey to India is his first since being appointed last year. The talks will cover a wide range of bilateral issues, including trade, security, and West Asian developments, according to sources on Monday. The strategic dialogue with External Affairs Minister S. Jaishankar is part of attempts to elevate Indo-Egyptian relations to a strategic partnership, as decided in 2023. Egyptian President Abdel Fattah El-Sisi's visit to India
The UAE-India Business Council-UAE Chapter (UIBC-UC) and the Maharashtra Industrial Development Corporation (MIDC) have signed an MoU to boost trade and investment. The agreement was signed during the "UAE-India: Partnership for Enduring Prosperity" event at the Waldorf Astoria in Ras Al Khaimah, as part of India's 76th Republic Day celebrations. His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, attended the ceremony, as did key authorities and business executives. The MoU intends to boost investment between the UAE and Maharashtra, streamline business operations for UA
The UK government is considering ideas to lower the charge that pension schemes pay into an industry-wide rescue fund, with the goal of freeing up more funds for economic investment. The PPF collects this charge from corporate schemes and uses it to provide a financial cushion to shield employees from potential losses if individual pension schemes fail. According to government sources, the PPF is in good financial shape, and the government is considering ways to make it simpler to cut the fee. While exact savings have not been announced, the government believes that lowering the charge wil
The UAE is positioning itself as a major participant in the global nuclear energy business, with plans to transfer its knowledge around the world. The country is especially focused on the United States, where an increase in artificial intelligence (AI) development is driving record electricity demand. Emirates Nuclear Energy Co. (ENEC) is actively seeking to increase its influence. "We want to capitalise on our success," the company's CEO told the Financial Times, citing the US as a vital market due to its significant investments in AI-powered data centres. The United States recently an
External Affairs Minister S. Jaishankar, who is currently in the UAE, met with President Sheikh Mohamed bin Zayed Al Nahyan on Tuesday. During the meeting, Jaishankar conveyed Prime Minister Narendra Modi's heartfelt greetings and his best wishes for the UAE's continuing prosperity. Jaishankar took to X and conveyed his gratitude for the opportunity to meet with the UAE President. He emphasised that their conversations centred on advancing the Comprehensive Strategic Partnership. "I am honoured to call on HH Mohamed Bin Zayed. I conveyed PM Narendra Modi's warm regards. We discussed the co
US President Donald Trump spoke by phone with Indian Prime Minister Narendra Modi about major subjects such as trade, immigration, and defence cooperation. The discussion was their first since Trump's inauguration last week. Following the call, Trump expressed confidence that India will "do what's right" in terms of returning Indian immigrants who had unlawfully entered the US. He emphasised the importance of increasing India's buying of American-made security equipment and establishing a fair bilateral economic partnership. Trump later informed reporters that Modi is slated to visit th
Saudi Arabia's Energy Minister and other OPEC+ representatives met for talks following former US President Donald Trump's call for lower oil prices. Trump said that lower oil prices could bring an end to the current conflict in Ukraine. "I'll ask Saudi Arabia and OPEC to cut oil prices. "They should have done it long ago," Trump stated. He said that rising oil prices allow Russia to fund its military operations, extending the conflict. "If oil prices fall, the issues will cease immediately. They bear some responsibility for what is going on.” Trump also wanted global interest rates to
Uttarakhand has made history as the first Indian state to adopt the Uniform Civil Code (UCC). On Monday, CM Pushkar Singh Dhami unveiled the groundbreaking initiative, which includes an official internet portal and represents a key legal milestone for the country. Speaking at the launch, CM Dhami referred to the UCC as a "new era of equality and harmony," emphasising its significance in delivering the ruling BJP's 2022 election promise. He thanked the people of Uttarakhand for their assistance, saying, "This stream of equality emanating from Devbhoomi will irrigate the entire nation." T