Page-17 of UAE

India re-elected to ICAO Council

October 8, 2013

India has been re-elected to the new Council of International Civil Aviation Organisation (ICAO) as one of the states making the largest contribution in facilitating global air navigation. The elections were held at the 38th session of the Assembly of ICAO ..

Month: 

Category: 

SEBI nod to Jet-Etihad deal

October 4, 2013

The Securities Exchange Board of India (SEBI) has approved the Etihad Airways’ plan to buy a 24% stake in the Jet Airways as both carriers revised their deal to comply with conditions set by the markets regulator. After studying the ..

Month: 

RBI lowers remittance limit, discourage green card dreams

August 23, 2013

Taking further measures to reduce the burden on the already weakened rupee, RBI reduced the limit for remittances made by individuals to $75,000 from $200,000 per financial year and banned the purchase of property outside India. The rich Indians with ..

Month: 

Saudi Arabia switches weekend to Friday-Saturday

June 26, 2013

As per a royal decree, Saudi Arabia will switch its weekend to Friday-Saturday to better serve its economy and “international commitments”. This move will make Saudi Arabia the last of the six-nation Gulf Cooperation Council (GCC)– which includes Bahrain, Kuwait, Oman, Qatar and ..

Month: 

Category: 

Iraq to fill void left by Iran for India’s petroleum needs

June 26, 2013

Iraq has shown keenness to enhance economic relations with India. India is also looking for a strategic partnership with the gulf nation. Iran has not expressed its interest towards the Indian refiners to enhance their crude oil import engagement with ..

Month: 

Qatar possess highest density of millionaires

June 15, 2013

As per the Boston Consulting Group’s (BCG) 13th annual global wealth management report, Qatar has the highest density of millionaires in the world, with 14.3% of the oil-rich Gulf nation’s population holding private wealth of at least $1 million. As per the report:  143 ..

Month: 

Category: