September 25, 2026 1:12 PM

US, Iran exploring phased deal to reopen Strait of Hormuz, say reports

The United States and Iran are reportedly exploring a phased path to end their conflict, with Iran proposing to reopen the Strait of Hormuz in return for the lifting of the US blockade and other economic measures. Iranian Foreign Minister Abbas Araghchi said Tehran had conveyed a proposal through intermediaries under which the strait would be reopened if its conditions were met. These include an end to hostilities on all fronts within seven days, the lifting of the US blockade on Iranian ports,...

September 24, 2026 9:31 AM

UAE sanctions Bank Melli Iran; airline suspensions add to economic pressure on Tehran

The US-Iran conflict has entered a new phase this week. While economic pressure on Iran is mounting, diplomatic contacts between the two have also resumed at UNGA in New York. In the UAE, the Central Bank (CBUAE) has imposed strict enforcement measures on the UAE branches of Bank Melli Iran. All UAE branches of the Iranian bank have been prohibited from conducting financial transactions to and from Iran, including trade finance and fund transfers. The action followed violations of UAE laws and...

September 21, 2026 7:30 PM

Sheikh Ahmed bin Rashid Al Maktoum passes away; Dubai declares 10-day mourning

Sheikh Ahmed bin Rashid Al Maktoum, younger brother of Ruler of Dubai and UAE Vice-President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, passed away today at the age of 76. The Dubai Media Office announced that an official mourning period of ten days has been declared across the emirate. Flags will be flown at half-mast during the mourning period. Sheikh Mohammed bin Rashid Al Maktoum mourned the death of his brother in a message shared on social media. He prayed for Sheikh Ahmed...

September 18, 2026 5:11 PM

UAE President calls PM Modi, congratulates him on birthday and India’s successful BRICS presidency

Prime Minister Narendra Modi received a telephone call from UAE President Sheikh Mohamed bin Zayed Al Nahyan on Friday, with the two leaders discussing measures to further strengthen the India-UAE Comprehensive Strategic Partnership. During the conversation, the UAE President conveyed warm birthday greetings to PM Modi. The two leaders discussed new measures to further deepen bilateral cooperation across key areas, including energy, defence, technology, investment and health. UAE President co...

September 8, 2026 9:58 PM

Global Confidence growing in Madhya Pradesh, more investors expressing interest in the State: Chief Minister Dr. Mohan Yadav in Dubai

On day 2 and 3 of his UAE Visit, Madhya Pradesh Chief MInister Dr. Mohan Yadav held multiple one-to-one meetings with leading policymakers and entrepreneurs in Dubai, pitching investment opportunities in the state. He met Abdullah bin Touq Al Marri, UAE’s Minister of Economy and Tourism, and discussed investment opportunities in Madhya Pradesh. The meeting covered deliberations on enhancing cooperation in various sectors, including hotels and hospitality, aviation, mining, textiles, forests, a...

September 8, 2026 10:38 AM

Odisha CM Majhi to take state’s investment outreach to Abu Dhabi, Dubai

Odisha Chief Minister Mohan Charan Majhi will embark on a three-day official visit to the United Arab Emirates (UAE) on Tuesday as part of the state's investment outreach programme. According to the Chief Minister's Office (CMO), Majhi will visit Abu Dhabi and Dubai, where he is scheduled to hold high-level government engagements, investor meetings, business interactions and outreach programmes with the Odia diaspora. The visit will begin in Abu Dhabi, where the Chief Minister will engage with...

September 7, 2026 10:12 PM

Dr. Mohan Yadav pitches Madhya Pradesh as an attractive investment destination

Chief Minister Dr. Mohan Yadav addressed the “Investment Destination: Madhya Pradesh” event at the AIM Congress in Dubai. He said that the state offers transparent policies, good governance and an investor-friendly environment, along with wide opportunities for growth. Highlighting Madhya Pradesh’s central location, the Chief Minister said its strong road and rail network and modern logistics infrastructure make it well placed for exports and distribution. He identified agriculture, indust...

August 31, 2026 7:36 PM

UAE condemns Iranian attacks as a drone is intercepted in UAE territorial waters

The United Arab Emirates has condemned an Iranian attack involving a drone that was intercepted by air defence systems over UAE territorial waters. In a statement, the Ministry of Foreign Affairs (MoFA) said that these hostile attacks constitute a dangerous escalation, an unacceptable act of aggression, and a direct threat to the UAE’s security, stability, and territorial integrity, in violation of the principles of international law and the Charter of the United Nations. The UAE underlined ...

August 31, 2026 3:09 PM

UAE to probe Banque Misr branches after US flags money laundering risks

UAE’s Central Bank has decided to conduct a special and urgent examination of Banque Misr branches in the Emirates, after the US Treasury flagged that they processed transactions potentially part of Iranian shadow banking networks. Under Operation Economic Outcast, the U.S. Department of the Treasury had proposed to revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. This would effectively block US Dollar transactions for UAE Branches of Egypt’s second-...

July 28, 2026 8:01 PM

India’s exports hit record $863.1 billion in FY26 as FTAs boost trade with UAE, UK and Australia

India's total exports reached a record US$863.1 billion in the financial year 2025-26, driven by strong growth in both merchandise and services exports and supported by expanding market access under the country's free trade agreements (FTAs), the government informed Parliament on Tuesday. According to the Ministry of Commerce and Industry, merchandise exports stood at US$441.8 billion, while services exports reached US$421.3 billion, reflecting the combined strength of both sectors in driving I...