India, UAE central banks discuss rupee, dirham trade

India, UAE central banks discuss rupee, dirham trade

Reserve Bank of India. File | Photo Credit: Reuters The Central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a view to reduce transaction cost, a top official said on Friday. India’s Ambassador to the UAE Sunjay Sudhir said that the concept paper for […]

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UAE suspends exports and re-exports of Indian wheat for four months

UAE suspends exports and re-exports of Indian wheat for four months

The move follows India banning the export of wheat last month to check the surge in local prices. The move follows India banning the export of wheat last month to check the surge in local prices. The UAE has ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for […]

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Bauxite mining dispute | IDRC dismisses UAE body’s claim for damages from Andhra govt

Bauxite mining dispute | IDRC dismisses UAE body’s claim for damages from Andhra govt

The Ras Al-Khaimah Investment Authority (RAKIA) alleged that non-supply of bauxite from Visakhapatnam was in breach of the Bilateral Investment Treaty between India and the UAE, but the claim was dismissed by the International Dispute Resolution Centre (IDRC) The Ras Al-Khaimah Investment Authority (RAKIA) alleged that non-supply of bauxite from Visakhapatnam was in breach of […]

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