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UAE, India discuss prisoner exchange pactUAE’s Ministry of Interior and officials of the Indian embassy to the emirates recently discussed ways to activate the agreement signed between the two countries on exchanging prisoners. Discussions focused on overcoming obs More… |
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India defers decision on Jet-Etihad dealIndia's Foreign Investment Promotion Board (FIPB) has deferred a decision on Gulf carrier Etihad Airways' planned 24 per cent stake buy in Jet Airways , the country's economic affairs secretary said. The board has soug More… |
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Ambanis ink $2.1bn telecom dealIndia's billionaire Ambani brothers have announced a $2.1 billion deal to share telecom tower infrastructure, cementing a reconciliation between the once-warring siblings. The agreement is another tangible sign that the two ar More… |
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Iran oil exports hit decades-low on sanctionsWestern sanctions drove Iran's crude exports to the lowest in decades in May, according to industry sources and tanker-tracking data, even before Washington toughens measures aimed at squeezing oil sales further. Crude shipmen More… |
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Qatar Foundation to invest $1.2bn in India's AirtelShareholders of India's Bharti Airtel on Wednesday approved a $1.2 billion deal to sell a 5 percent stake of the company to the Qatar Foundation Endowment, the company said. More… |
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India's L&T wins $300m Aramco gas projectLarsen & Toubro Ltd (L&T) won an infrastructure contract worth nearly $300 million from Saudi Aramco as India's biggest construction and engineering firm chases overseas projects to offset a slowdown More… |
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Gold slips below $1,400 on India demand concernGold fell below $1,400 an ounce on Tuesday, extending losses on worries over demand in the world's largest consumer, India, after the government further restricted imports of the metal. &n More… |
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Emaar MGF Land violated rules says IndiaThe Indian government on Tuesday accused Emaar MGF Land, a joint venture between Dubai's Emaar Properties and India's MGF Development, of violating foreign exchange rules over investments of 86 billion ru More… |
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Remittances to India on the riseIndian residents in Bahrain are remitting more cash back home as the value of the rupee against the dinar continues to slump. The dinar, which is pegged to the US dollar, has been strengthening against most international currencie More… |
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India economy registers weak growthIndia's economy began a feeble recovery in the first quarter of 2013, but weak private consumption, capital investment and slowing public spending offered little hope for a fast rebound in coming quarters. Asia's third lar More… |
