British Prime Minister Rishi Sunak said on Saturday that he was confident a free trade deal with India could be secured but cautioned there was still hard work to do.
"There's a desire on both of our parts to see a successful trade deal concluded...but there is a lot of hard work that's still to go," Sunak told reporters after talks with Indian Prime Minister Narendra Modi at the gathering of the Group of 20 major economies in New Delhi.
"There has to be a win-win for both countries."
Negotiations on a trade deal began in January 2022 and have already missed several political deadlines. But recent comments from both Britain and India have suggested progress has been made.
Ahead of the visit, Sunak said the British government had no plans to change its approach to cutting net migration in order to seal a deal with India.
A British source close to the negotiations told Reuters in July that talks had gained momentum, but that further work was needed on services and tariffs to secure an agreement.
A top Indian trade ministry official said later in July that both countries could sign the trade deal this year as they have reached a consensus on the broad contours. Sunak said on Saturday he would not put an arbitrary deadline on the deal.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.