UAE
India is making a big move to outflank China in Sri Lanka
India and China may be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE, including an oil pipeline. This initiative aims to secure fuel supply chains and counter China's expanding presence in Sri Lanka's energy market. The project seeks to reshape regional energy dependence.
Hormuz traffic at standstill as US vessel seizure widens risk
Commercial traffic in the Strait of Hormuz has halted again. This follows a brief reopening over the weekend which ended with the US seizing an Iranian ship. This action has raised concerns for shipowners. Benchmark oil prices have jumped. A fragile US-Iran ceasefire is set to expire soon.
UAE asks US for a wartime financial lifeline as Iran conflict drags: Report
The United Arab Emirates is in discussions with the United States regarding a potential financial backstop. This measure is being considered in anticipation of a deepening crisis stemming from the Iran war. UAE Central Bank Governor raised the possibility of a currency-swap line with US Treasury officials.
India pushes for regional energy hub in Sri Lanka
India is pushing for quick progress on a key energy hub project in Sri Lanka. The proposed oil hub in Trincomalee is a strategic initiative involving India and the UAE. Officials met in Colombo to discuss accelerating the project. This development comes as global energy supplies face disruption. The hub aims to enhance regional energy security and cooperation.
Iranian-origin US resident held at LA Airport for alleged arms deals with Tehran, Sudan: Report
An Iranian-origin businesswoman with US permanent residency has been arrested at Los Angeles International Airport. Shamim Mafi is accused of brokering arms deals involving Iranian drones, bombs, and ammunition for Sudan. Prosecutors state these transactions were linked to Sudan's ongoing civil conflict. Mafi allegedly used an Oman-registered company and routed deals through Turkey and the UAE to evade US detection.
Pakistan to repay USD 1.5 billion outstanding UAE debt by April 23
Pakistan's central bank plans to settle a USD 1.5 billion loan with the United Arab Emirates by April 23. This move follows a USD 2 billion repayment to the UAE, supported by a USD 2 billion deposit from Saudi Arabia. The country anticipates a USD 1.2 billion disbursement from the International Monetary Fund.
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Dubai announces resumption of school bus operations from April 20
School bus services will resume across the UAE on Monday, April 20, 2026. The Ministry of Education confirmed the decision applies to all public and private schools. This follows assessments by the National Emergency and Crisis Management Authority. Services were temporarily suspended due to adverse weather conditions. The move ensures the continuity of education and student safety.
UAE envoy to India flags 2,890 strikes on civilian infra since Feb 28, says 4 million Indian expats integral to nation
The UAE ambassador has reported 2,890 missile and drone attacks. He called these unprovoked strikes and urged stronger international action. The UAE faced these attacks despite not being a direct party to the conflict. These incidents threatened regional stability. UAE air defence systems intercepted most incoming threats. International bodies have called for accountability and reparations.
UAE universities to reopen for in-person classes from April 20
UAE universities will resume in-person learning from April 20, 2026, after completing campus readiness and safety measures. The move aligns with the reopening of schools and nurseries. Authorities said some private institutions may continue hybrid learning if needed. Universities have been asked to follow regulations and stay prepared to shift modes, ensuring continuity amid evolving regional conditions.
From dropping bombs to pressuring banks: US pivots to economic warfare on Iran
The Trump administration is shifting its Iran strategy towards economic pressure, threatening secondary sanctions on countries doing business with Tehran. Treasury Secretary Scott Bessent stated these moves are the "financial equivalent" of a bombing campaign, aiming to choke Iran into submission. This escalation targets entities like Chinese banks and warns allies like the UAE, as the U.S.
Senior UAE, Iran officials discuss de-escalation in rare call
UAE Vice President and Deputy Premier Sheikh Mansour bin Zayed Al Nahyan "held a phone call with Mohammad Bagher Ghalibaf, Speaker of the Parliament of the Islamic Republic of Iran, during which they discussed regional developments and ways to de-escalate tensions in the region", according to a statement released by the WAM news agency.
You'll be wrong to say bye to Dubai
Despite a recent 14% decline in Dubai's real estate transactions due to regional conflict, the city's status as a resilient global financial hub remains intact. Dubai's strategic advantages and past crisis management suggest a future stabilization, with potential buying opportunities arising from market corrections and renewed expat interest if peace prevails.
China surpasses US as India's largest trading partner in FY26; trade gap swells to USD 112.16 bn
India's trade with China reached USD 151.1 billion in 2025-26, making it the largest partner. The trade deficit with China widened significantly. The US was previously the top partner for four years. India's exports to China saw substantial growth, while imports also increased. Trade with the US showed marginal export growth and increased imports, leading to a reduced trade surplus.
India gem and jewellery exports rise to ₹2.44 lakh crore in FY26 amid global headwinds
In FY26, India's gem and jewellery sector reported an impressive ₹2,44,827.26 crore in exports, demonstrating a modest growth in rupee terms. However, exports in dollar value experienced a downturn amidst global market turbulence. To counter this, exporters expanded their reach, finding new opportunities in the UAE, Australia, and Canada.
For a few billion dollars, Pakistan has landed in dire straits
Pakistan is facing big economic stress after the UAE has demanded repayment of a multibillion-dollar deposit. This has strained the country's thin foreign exchange reserves. Rising oil prices and limited financing options have added to the pressure. Pakistan is seeking new funding sources, including international bonds and bilateral aid.
West Asia conflict: India's soybean meal exports fall 63%
India’s soybean meal exports dropped nearly 63% to 60,000 tonnes in March, hit by high domestic prices and disruptions from the West Asia conflict, according to Soybean Processors Association of India. Shipments to key markets like Iran and the UAE were affected. However, domestic demand stayed strong, with consumption rising to six lakh tonnes, supported by the animal feed industry.
US-Iran conflict: Chinese President Xi calls to respect sovereignty of all countries in West Asia, Gulf Region
President Xi Jinping of China has urged respect for the sovereignty and security of West Asian and Gulf nations. He called for a sustainable security framework and adherence to international law. This comes as the UAE Crown Prince visits China amid regional conflicts. China advocates for an end to hostilities and unimpeded passage through the Strait of Hormuz.
Pakistan says all options on table for funding, weighs strategic fuel reserve
Pakistan is exploring various financing options, including Eurobonds and commercial debt, to replace a $3.5 billion UAE facility and bolster its foreign reserves. Amidst Middle East war concerns, the nation is also considering a strategic petroleum reserve and accelerating renewable energy adoption to manage economic shocks.
EAM Jaishankar shares moments from meetings with UAE President, highlights strong India-UAE ties
External Affairs Minister S Jaishankar’s journey to the UAE marked an important step in fortifying the strategic alliance between India and the Gulf nation. Meeting with President HH Mohamed Bin Zayed and HH Hamdan Mohammed, they deliberated on crucial topics such as energy dynamics and trade agreements.
Energy security, Indians in focus as EAM Jaishankar calls on UAE leadership
India's Foreign Minister S Jaishankar met UAE leaders to deepen ties. He thanked the UAE President for supporting the Indian community during regional conflict. Discussions focused on strengthening the strategic partnership. The visit occurred amidst changing regional dynamics and global supply chain issues. India values its relationship with the UAE.
Iran, UAE set to come face to face at BRICS India meet
India hosts a crucial BRICS meeting under its presidency. Senior officials from the UAE and Iran will meet for the first time since the West Asian conflict. The agenda covers regional issues, with particular attention on the current situation and its impact on Gulf states. India is working to ensure a successful outcome for the discussions.
EAM Jaishankar meets UAE Foreign Minister in Abu Dhabi; discusses West Asia security and strategic partnership
External Affairs Minister S Jaishankar met UAE Deputy Prime Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi. Discussions focused on the West Asia situation and strengthening the India-UAE Comprehensive Strategic Partnership. Jaishankar also interacted with the Indian community, assuring them of government efforts for their well-being amidst regional tensions. He appreciated the diaspora's contributions and the UAE's support.
West Asia crisis: Piyush Goyal meets Kuwait, UAE to restore trade, energy flows
India's Commerce Minister Piyush Goyal met with leaders from Kuwait and the UAE. Discussions focused on restoring trade and energy supplies disrupted by recent events. India offered assistance to Kuwait for food security. Both sides emphasized dialogue and diplomacy. Efforts are underway to ensure smooth trade flows and continuity of essential supplies.
UAE eyes stronger India ties to boost investor confidence
In a bid to enhance investor confidence, the UAE is called to action. Mishal Kanoo highlights the potential of forging stronger economic connections with the Indian subcontinent as a route to beckon businesses and fresh investments.
US Iran War: No air strikes in UAE for first time, but Hormuz still choked
The UAE has reported its first day without air strikes since the conflict started on February 28. No missiles or drones were detected from Iran. However, the Strait of Hormuz remains closed.
Adani Green Energy's arm inks pact with UAE firm to develop renewable energy projects in India
Adani Green Energy Limited's UAE arm has partnered with Minerva Holding RSC. This joint venture will focus on developing renewable energy projects within India. Minerva Holding is a subsidiary of EPointZero Holding RSC Ltd, which is part of the UAE's International Holding Company PJSC. Adani Green Energy will hold a stake in this new venture.
UAE markets surge, firms stay cautious
UAE stock markets saw a significant rally following an overnight Iran-US ceasefire. Investors expressed relief after days of regional tensions. However, businesses are adopting a wait-and-see approach. They need more clarity before making crucial decisions. Retail businesses are experiencing an initial boost. Other sectors remain cautious about future developments.
UAE draws up economic shield plan to counter Iran war fallout
The United Arab Emirates is preparing a contingency economic plan. This plan aims to protect the economy from disruption and boost long-term growth. Measures include liquidity support for businesses and large-scale investments in key sectors. Authorities are assuring investors of support and a strategy to counter capital flight risks. The government is also planning public housing to attract talent.
'Dubai may become part of Akhand Bharat': Pakistan Senator Mushahid Hussain after UAE demands $3.5 billion loan repayment
Pakistan Senator Mushahid Hussain has cautioned the United Arab Emirates. He warned about the UAE's growing relationship with India. Hussain cited the large Indian population in the UAE. He suggested this could lead to the UAE becoming part of 'Akhand Bharat'. This comes as Pakistan repays USD 3.5 billion in loans to the UAE.
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