Search Result for : Uae

The Dollar Business Bureau India and Oman signed eight agreements, including MoUs on cooperation in the areas of defence, tourism, outer space and health, during the visit of Prime Minister Narendra Modi to the Arab nation. Prime Minister Modi, who reached Muscat from Dubai on his last leg of three-nation tour, also held wide-ranging discussions with the Sultan of Oman Qaboos bin Said al Said. The pacts signed between the two sided are: Agreement on Legal and Judicial Cooperation in Civil and Commercial matter; Agreement on mutual visa exemption for holders of diplomatic, Special, service and official passports; MoU on Cooperation in the field of health; MoU on Cooperation in the peaceful uses of outer space; MoU on Cooperation between Foreign Service Institute, Ministry of External Affairs, ...

The Dollar Business Bureau  Sheikh Mohammed bin Rashid Al Maktoum, the Prime Minister of UAE unveiled his government’s plans for setting up a $1.5 bn Food Park in his country. The blueprint for the Dubai Food Park(DFP) was shown to the media on 23 August.  The UAE state media agency representative WAM, said that the country aims to take advantage of Dubai’s strategic position as a regional hub for food trade, export, import and trading of foodstuffs. The Food Park is the latest addition to the Dubai Wholesale City(DWSC), the largest wholesale hub in the world that is likely to take up 550 million square feet. The DFP could take 10 years to be constructed, covering nearly 48 million square feet of ...

The Dollar Business Bureau Due to adverse weather conditions, the production of mangoes declined around 70% and mango cultivators have suffered huge losses in Uttar Pradesh this year. Therefore, the exports of ‘king of fruits’ would likely to go down from the state. “This year mango production will be between 10 lakh tonnes to 15 lakh tonnes only. There is 70% drop in mango production as compared to previous year,” Insram Ali, President of All India Mango Growers Association (AIMGA) told PTI. Due to low output, the exports of mango from Uttar Pradesh are also negligible as the growers are unable to export it, Ali said. “Though some growers are exporting it, but overall exports of the fruit will be quite less, he added. “There ...

The Dollar Business Bureau  The Customs is intending to impose anti-dumping duty on the imports of clear float glass of nominal thickness ranging from 4mm to 12 mm (both inclusive), from Pakistan (producer M/s Tariq Glass Industries), UAE and Saudi Arabia. The countries have been put under review by the Ministry of Finance as they have been dumping the clear float glass at cheaper rates causing injury to the domestic players. The DGAD  has recommended the imposition of anti-dumping duty of $23.54 per metric tonne, on the clear float glass exports, produced by M/s Tariq Glass Industries of Pakistan.  Recently, the DGAD had imposed a definitive anti-dumping duty on clear glass imports from Iran, ranging from nil to $55.59 per tonne for five ...

The Dollar Business Bureau The political rift between Qatar and four Arab nations - Saudi Arabia, UAE, Bahrain, and Egypt, has resulted into a full-blown regional crisis, with the severing of air links. The events resulted in the cancellation of dozens of flights daily by state-owned Qatar Airways and other airlines from those nations. This also means that Qatari aircrafts have to take long routes, to avoid the vast airspace of Saudi Arabia and Bahrain. Qatar Airways has turned Doha into an international hub. However the political rift has jeopardised its position as a key transcontinental airlines, according to experts. “The impact is already bad because it has driven up flight times and therefore costs. As the airspace tightens, the problem grows much worse,” said Addison Schonland, an aviation analyst from US-based AirInsight. “This is a ...

The Dollar Business Bureau Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha.   “We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics,” S&P Global said.  Saudi Arabia, Bahrain, Egypt and the UAE on Monday announced that they were severing diplomatic relations and closing air, land and sea links with Doha.   Saudi Arabia and its allies alleged that Qatar is providing support to extremist groups and serving the interests of Riyadh’s regional rival Iran, claims which Doha has strongly declined.   “At this ...

The Dollar Business Bureau Four Arab nations - Bahrain, Egypt, Saudi Arabia, and the United Arab Emirates (UAE) announced on Monday that they were cutting off diplomatic relations with Qatar, as the tensions intensify in the region over allegations that the country is sponsoring terrorism. The rift started between Qatar and the Arab nations after Doha in May alleged that the hackers took over its government run news agency and fake comments have been published from its Emir with regards to Iran and Israel. At that time, these four nations had blocked all media from Qatar, including Al-Jazeera. The four nations also announced that within next few days, they would withdraw their diplomatic missions from Doha. The countries have cut off all sea ...

The Dollar Business Bureau  At the 11th annual edition of the UAE Ambassadors Forum in Abu Dhabi, an exclusive session was held on India-UAE relations, during which, MJ Akbar, India's Minister of State for External Affairs stated that India was keenly interested in furthering bilateral relations with UAE.  The session, moderated by Dr Ahmed Abdulrahman Al Banna, UAE ambassador to India, revolved around committing to stronger India-UAE relations, which will help mitigate the impact of fast-paced developments in the international arena.   The event, being held on April 9-13, was organised by Ministry of Foreign Affairs and International Co-operation  (UAE).  On the sidelines of the event, UAE-India Business Council (UIBC) and UAE International Investors Council (UAEIIC) also signed a Memorandum of Understanding for the facilitation of investment and trade between the two countries.  Both the bodies agreed to ...