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Indian prime minister Narendra Modi and Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum inaugurate Bharat Mart, a market and trading platform for Indian businesses in Dubai

Dubai introduces multiple-entry visa for Indian nationals

Dubai has introduced a five-year multiple-entry visa for Indian nationals to strengthen economic, tourism and business ties with India, the Dubai Department of Economy and Tourism (DET) has said. The decision follows closely on the heels of prime minister Narendra Modi’s visit to the UAE, marked by significant developments including the opening of the Middle […]

Emirates SkyCargo India

Emirates SkyCargo plans service expansion in India

Emirates SkyCargo plans to add three new destinations in India by June, an Indian business news daily has reported. “We are looking forward to operating scheduled freighter flights to three additional cities in India,” Nabil Sultan, divisional senior vice-president at the Dubai-based company, told The Hindu Business Line. The three destinations were not disclosed. Emirates […]

The increase in onion prices was caused by 'floods affecting production in India and some Asian countries' said Oman

Onion prices surge 300% in Oman

Onion prices have increased by 300 percent in Oman, primarily due to a ban on exports from India, according to a local media report. Prices rose from 0.14 baisas ($0.36 cents) per kilogramme in 2023 to 0.47 baisas per kilogramme in December of 2023, before surging to 0.6 baisas per kilogramme by mid-February 2024, the […]

Flower, Flower Arrangement, Plant

Modi’s UAE visit ‘adds to execution of deals’

Indian prime minister Narendra Modi deftly blended politics and commerce last week as he opened the Middle East’s largest Hindu temple on a visit to the UAE, a Muslim state that is home to 3.5 million Indian expatriates and a major trading ally.  The temple’s inauguration was widely covered in Indian media, while tens of […]

India's PM Narendra Modi waves at supporters gathered at Zayed Sports Stadium in Abu Dhabi on Tuesday

Modi’s visit to Abu Dhabi deepens UAE-India trade ties

Top-level talks between the UAE and India have taken place in Abu Dhabi, on the back of a deal to strengthen their ties and a 16 percent rise in bilateral trade. Sheikh Mohamed bin Zayed Al Nahyan, the president of the UAE, and Narendra Modi, India’s prime minister, met on Tuesday to review progress since […]

Narendra Modi, India's PM, was met by Sheikh Mohamed bin Zayed, the president of the UAE, on his arrival in Abu Dhabi

Maharashtra plans food security corridor with UAE

The central Indian state of Maharashtra is working to develop a food security corridor with the UAE. The government of Maharashtra, which has 11 million farmers, has linked up with US fund manager Pegasus Capital Advisors for the food trade project. Under their agreement, the Maharashtra authorities will share an operational plan within three months, […]

Turkey's stall at the India International Trade Fair in New Delhi: trade and investment opportunities between India and the region are increasing, says HSBC

$112bn of trade with India ‘ready to be tapped’

Untapped trade opportunities between India and the Middle East, North Africa and Turkey could be worth more than $112 billion, research has found. An HSBC report, which analyses data from the UN/WTO International Trade Centre, estimates that there is a $61 billion export gap for Indian companies in the key markets of the UAE, Saudi […]

Saad Sherida Al Kaabi, Qatar's energy minister and CEO of QatarEnergy, which has extended its India supply contract to 2048

QatarEnergy to sell cheaper LNG to India’s Petronet

QatarEnergy has renewed its contract to supply 7.5 million tonnes per year of liquefied natural gas to Indian importer Petronet LNG. The 20-year contract, which will begin in May 2028, is reportedly valued at $78 billion – significantly less than the agreement it will replace.  Petronet could save around $6 billion over the contract term, […]

Steel production in the Gulf produces less emissions than traditional coal-fired furnaces used in other regions

Gulf steel has a keen edge on Chinese and Indian rivals

While the Gulf is currently a minor player on the global steel-making stage, economic diversification and the energy transition may be about to change all that. As the world seeks to decarbonise, Gulf steel makers have a head start, already producing lower-carbon steel than global sector leaders China and India. The region’s ample supplies of […]

Mubadala buys stake in Indian hospital chain 

The Abu Dhabi sovereign investor Mubadala Investment Company has invested in Manipal Health Enterprises (Manipal), India’s second-largest hospital chain by number of beds. “Given the ever-increasing demand for high-quality hospital care across India, we look forward to supporting Manipal’s growth journey in the years ahead,” said Camilla Macapili Languille, head of life sciences at Mubadala, according to the […]

Healthcare providers are struggling in a crowded market and facing rising costs a concerned doctor looks at a chart hospitals Dubai hospitals

Dubai hospitals are ailing in saturated healthcare market 

The general healthcare sector in Dubai is buckling under saturation, with weaker operators shutting down or battling financial woes, Dr Azad Moopen, the founder and chairman of Aster DM Healthcare, told AGBI. The healthcare sector in the emirate faces a challenging economic climate, marked by stubborn inflation, high interest rates and slow growth. The introduction […]

Sheikh Mohamed bin Zayed Al Nahyan and Narendra Modi, the leaders of the UAE and India, press palms at a meeting in New Delhi

UAE and India to sign new investment treaty

Indian Prime Minister Narendra Modi and UAE President Mohammed bin Zayed Al Nahyan are to sign a bilateral investment treaty (Bit) during the former’s visit to the emirate this month. The UAE is India’s third-largest source of foreign direct investment and the seventh-largest trade partner. The Indian government cleared the treaty on February 1, after which the […]

The 14-day visa is currently only available to passengers on Emirates airlines flights from India

Emirates visa on arrival ‘huge’ boost for Indian visitors

Emirates airline has introduced a pre-approved 14-day single-entry visa on arrival for Indian travellers. Industry experts told AGBI the initiative will open up a fresh segment of travellers to Dubai and revive plateauing tourist inflow from India, while also helping Emirates compete against more economical Indian airlines. The service is designed to expedite the entry […]

A doctor consults medical records. Aster employs 1,651 doctors and 3,679 nurses

Dubai mulling ratings for hospital performance, says Aster founder

Dubai is considering the introduction of performance ratings for healthcare providers, Dr Azad Moopen, the founder and chairman of Aster DM Healthcare, has told AGBI. The system would allow operators to adjust their insurance tariffs – the prices that insurers agree to pay for medical services or procedures – based on their classification, providing an […]

Under the UAE's demographic diversity rule, companies must diversify the range of nationalities in their workforce

UAE reverses stance on diversity rule for visas

The UAE Ministry of Human Resources and Emiratisation has reversed its stance on a demographic diversity rule, previously cited by companies as the cause for multiple work visa rejections based on nationality. The policy is still expected to be implemented at a later date. AGBI recently reported that businesses in the UAE were encountering difficulties […]

LuLu Group chairman Yusuff Ali MA India's largest shopping mall

UAE’s LuLu to build India’s largest shopping mall for $483m

The UAE retail conglomerate LuLu Group is to develop India’s largest shopping mall, in Ahmedabad, Gujarat, for an estimated cost of 40 billion rupees ($482.67 million). The construction for the proposed shopping mall will start this year, Asian News International (ANI) news agency reported, quoting comments by Yusuff Ali MA, chairman and managing director of […]

UAE president Sheikh Mohamed bin Zayed Al Nahyan and Indian prime minister Narendra Modi witness the signing of MoUs with DP World

DP World to invest $3bn to develop new ports in India

Dubai’s DP World plans to invest $3 billion to develop new ports, terminals and economic zones in India’s western state of Gujarat over the next three years. The memorandums of understanding (MoUs) include the development of multi-purpose deep-draft ports in south and western coasts of Gujarat; special economic zones in Jamnagar and Kutch; and cargo […]

Sultan Haitham bin Tariq of Oman greets India's prime minister, Narendra Modi, in New Delhi last month

Oman and India accelerate talks on trade deal

Oman and India have scheduled a third round of talks next week as they seek to complete a free trade agreement. The negotiations, which began in late November in New Delhi, are “progressing well” with two rounds completed in a matter of weeks, according to officials. Bilateral trade reached $12.4 billion in the financial year […]

Saudi Aramco employees on site. Indian Oil and Bharat Petroleum plan to import an additional one million bpd each from Saudi Aramco

Indian refiners seek more Saudi oil after price cut

Two Indian state refiners plan to increase crude imports from Saudi Arabia after Saudi Aramco cut the official selling price (OSP) for its flagship crude for February. Indian Oil Corporation (IOC) and Bharat Petroleum Corporation are exploring the option of importing an additional one million barrels of oil each from Saudi Aramco next month, Reuters […]