The UAE–India Comprehensive Economic Partnership Agreement (CEPA) has reached $37.6 billion in the first half of 2025, underscoring it is on track to achieve the shared goal of touching US$100 billion by 2030.
Speaking to national news agency WAM, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade said it marks a 33.9 per cent rise compared to the same period in 2024.
The CEPA between the two countries was signed in February 2022.
“Since its entry into force in May 2022, the agreement has marked a qualitative leap in trade and investment ties, clearly reflected in the growth rates of bilateral trade and investment flows," Dr Al Zeyoudi added.
Al Zeyoudi added that the UAE–India economic partnership is not merely a trade and investment agreement, but a platform for achieving shared development goals, stimulating economic growth, accelerating reciprocal investment flows, and creating opportunities for business communities in both countries to expand and prosper. He stressed that there remains promising prospects for further mutual economic growth between the two nations.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!