India-UAE Current Affairs

Strategic Petroleum Reserve: India receives first crude oil cargo from UAE for Mangalore reserve

India received first consignment of 2 million barrels of crude oil from United Arab Emirates (UAE) for its strategic petroleum reserve (SPR) at Mangaluru (on west coast), Karnataka. This first consignment from UAE fill one of two strategic reserve caverns at Mangaluru under agreement between Indian Strategic Petroleum Reserves Ltd (ISPRL) and Abu Dhabi National Read More…

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India signs MoU with World EXPO 2020 Dubai

India and World Expo 2020 Dubai have signed participants contract for India’s pavilion in prestigious World Expo 2020 held once in 5 years. The contract provides for setting up of India pavilion at Expo 2020 on extra-large plot (about one acre) in Opportunity segment. Key Facts India’s pavilion at World Expo 2020 will be developed Read More…

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India-UAE: Cabinet approves MoU on Technical Cooperation in Rail Sector

The Union Cabinet has approved Memorandum of Understanding (MoU) signed between India and United Arab Emirates (UAE) on Technical Cooperation in Rail Secto. The MoU was signed in February 2018 with Federal Transport Authority – Land & Maritime of UAE. Key Facts The MoU will provide platform to Indian Railways to interact and share latest Read More…

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India, UAE inks 5 MoUs

India and United Arab Emirates (UAE) have signed five Memorandum of Understanding (MoUs) in key areas of energy sector, railways, manpower and financial services. These agreements were signed in PM Narendra Modi’s visit to Abu Dhabi. They were signed in presence of PM Modi, Crown Prince of Abu Dhabi HH Sheikh Mohammed bin and Deputy Read More…

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First Investment Agreement signed between NIIF and Abu Dhabi Investment Authority

India’s National Investment and Infrastructure Fund (NIIF) of India on has signed an investment agreement worth $1 billion with Abu Dhabi Investment Authority (ADIA). With this, ADIA became first institutional investor in NIIF’s Master Fund and shareholder in NIIF’s investment management Company. NIIF is claimed to be India’s first sovereign wealth fund. Background The agreement Read More…

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Union Cabinet approves oil storage pact with UAE’s ADNOC

The Union Cabinet has approved signing of the Definitive Agreement on Oil Storage and Management between Indian Strategic Petroleum Reserve Ltd (ISPRL) and UAE’s Abu Dhabi National Oil Company (ADNOC). Government’s this move aims at boosting India’s energy security by ensuring a strategic storage flow in for crude oil, from a government firm in Abu Read More…

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