United Arab Emirates

UAE to host first I2U2 vice-ministerial meeting in Abu Dhabi today

The United Arab Emirates is set to host the first vice-ministerial meeting of the I2U2 in Abu Dhabi this week. It will be attended by senior officials from the four countries India, Israel, the United States and the UAE. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W Fernandez will lead the US delegation at the meeting in Abu Dhabi on February 21-22, according to an official statement. Fernandez will represent the US at the I2U2 Business Forum, hosted by the UAE; it is the first vice-ministerial meeting since the grouping was jointly announced by President Joe Biden, Israeli Prime Minister Lapid, UAE President Mohamed bin Zayed Al Nahyan, and Indian Prime Minister Narendra Modi, it said. "During the forum, partner countries will discuss opportunities to advance regional cooperation and investment opportunities to build partnerships that address some of the region's most pressing issues, including management of the energy crisis and food insecurity,

'Fight climate change, not each other,' says UAE COP28 leader to activists

The United Arab Emirates' pick to lead the upcoming COP28 climate talks in Dubai called on the world Tuesday to fight climate change, not each other, directly addressing the anger activists have felt over his selection. Sultan al-Jaber, the CEO of Abu Dhabi National Oil Co., also described the upcoming United Nations negotiations as an unprecedented opportunity to engage the energy industry in a technological revolution. His speech at the World Government Summit in Dubai sought to present his nominated presidency as a bridge between oil companies and climate activists long suspicious of the industry's influence on efforts to limit carbon emissions. Whether it will, however, remains in question. We need a major course correction, al-Jaber said. However, he added: The strategies we pursue must leave no one behind. The policies we adopt must be pro-growth and pro-climate at the same time. Al-Jaber, a 49-year-old longtime climate envoy, is a trusted confidant of UAE leader Sheikh Moha

Reliance, BPCL, Nayara among buyers using UAE dirham for Russian oil

India is the UAE's second-largest trade partner and officials are working on a mechanism to boost trade in dirhams and rupees

India will aim to achieve $100 bn export target for textiles by 2030: Goyal

Citing the case of the FTA negotiations with the United Kingdom, Goyal said the country had a 9 per cent duty on different items and if that goes away, it will benefit the sector, he said

What's the future of Qatar's stadiums once the Fifa World Cup is over

The World Cup stadium was designed to leave a minimal footprint in the Qatari sand. It's now due to be dismantled. Stadium 974 played host to seven matches, the last of which was Brazil's 4-1 win over South Korea in the round of 16 on Monday. The Qataris say the stadium will disappear, but it isn't clear when that will happen. The Gulf country will soon stage an Asian Cup, the multi-sport Asian Games and maybe even an Olympics. A look at FIFA requirements for World Cup stadiums and what happens next for Qatar's venues. WHAT DID QATAR NEED? FIFA has clear specifications for a World Cup host's venues plan. A main stadium holding at least 80,000 people to stage the final, at least one more of 60,000 capacity that must host a semifinal, and several more of at least 40,000 though FIFA let Russia have two that dipped below 35,000 four years ago. Qatar had a 12-stadium plan when it bid for and won the hosting rights in 2010. About three years into its long preparations for the 2022 .

Rooting for mangroves: Many reasons to expand these carbon sinks in India

The mangrove ecosystem offers economic benefits besides safeguarding the country's vast coastline

India-GCC grouping expects to revive free trade agreement negotiations

Launch date of negotiation not divulged

Over 80k delegates, 140 heads of state to attend COP28 in Dubai: Minister

Over 80,000 delegates, including over 140 heads of state and government leaders, would participate in COP28 which is scheduled to be held next year in the UAE, Sultan Ahmed Al Jaber, one of the country's ministers and special envoy for climate change, has said. Al Jaber, who is the minister of Industry and Advanced Technology and the UAE's special envoy for climate change, highlighted the importance of the UAE hosting the Conference of the Parties and said COP28 will be an important global event coinciding with the country's national day and will be held at Expo City Dubai. "COP2, which will be hosted in the UAE in 2023, will welcome high-level participation including over 140 heads of state and government leaders, over 80,000 delegates, and more than 5,000 media professionals," Al Jaber said on Tuesday, He said the determination of the UAE, its strong diplomatic relations with global nations and its pragmatic position on climate action, underpinned by proven experience in the energ

India, GCC group to launch free trade pact negotiations on Nov 24

India and the Gulf Cooperation Council (GCC) are expected to launch negotiations for a free trade agreement on November 24 with an aim to boost economic ties between the two regions, an official said. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. "The FTA will be launched on November 24. GCC officials will be here to launch the talks," the official said. India has already implemented a free trade pact with the UAE in May this year. Commerce and industry minister Piyush Goyal had, on November 16, said that India will be launching a new free trade agreement (FTA) next week. This would be a kind of resumption of FTA talks as earlier two rounds of negotiations held in 2006 and 2008 between India and GCC. Third round did not happen as GCC deferred its negotiations with all countries and economic groups. India imports predominately crude oil and natural gas from the Gulf nations like Saudi Arabia and Qatar, and exports pearls,

India Inc moves to Dubai in droves as emirate eases ownership rules

The CEPA aims to boost India-UAE bilateral trade to $100 billion in goods in the coming five years

UltraTech to ramp up domestic cement capacity by a third by FY26

Cement major on track to reach 131.25 mtpa by Q4

ICC Men's T20 World Cup 2022: Schedule, groups, teams, time and venue

ICC Men's T20 World Cup 2022: Countdown begins for T20 world cup 2022 as Aussie defend their first-ever T20 world cup. Read this detailed article to know about groups, venues, teams and schedule

T20 World Cup: UAE beat Namibia; help Netherlands enter Super 12 stage (ld)

UAE survived a late scare from all-rounder David Wiese's 55 to secure a narrow seven-run win over Namibia in their last ICC Men's T20 World Cup. It helped Netherlands qualify for Super 12

Largest ever contingent of India Inc participates in GITEX Global 2022

India had the highest number of participating companies after the host, UAE, at the four-day event

India pushes for settlement of international trade in rupee with Sudan

In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India

Fast-track mechanism on the cards to help Indian investors in UAE

The mechanism will also assist Indian companies to foray into the UAE market and expand

Indonesia's plan to shut coal plants over next 30 yrs struggles for support

The Southeast Asian country plans to eliminate 15 Gigawatt of coal-generation over that time, requiring more than $600 billion of capital support, said Erick Thohir

India's non-petroleum exports to UAE underperform after FTA, shows data

In comparison, India's overall non-petroleum exports grew 8 per cent during May-July while overall exports grew 15.1 per cent during the same period

Singapore unveils new work visas to lure talent in next-gen industries

"Singapore is still a global city," Prime Minister Lee Hsien Loong said in an address last month, in which he vowed to bolster the national workforce's skills

DHSE Kerala Plus One Improvement exams from October 25; know more

Candidates can find the official notice on the DHSE's website at dhsekerala.gov.in