The United States and India have agreed to a long-anticipated trade deal aimed at easing bilateral tensions and lowering tariffs, with US President Donald Trump announcing a sharp reduction in reciprocal tariffs on Indian goods and a major purchasing commitment from New Delhi.
The Gulf Cooperation Council (GCC) and India have launched trade agreement negotiations, marking a new phase in the strategic partnership.
India's information technology sector is forecast to surpass $300 billion in revenue for the first time in the current fiscal year, stated the IT industry body National Association of Software and Services Companies (Nasscom), amid challenges and opportunities arising from artificial intelligence (AI).
Aramco has sold several cargoes of ultra-light crude oil from its $100 billion Jafurah gas plant to US majors and an Indian refiner as it prepares to export its first cargo later this month, four trade sources said to Reuters.
The UAE topped the list of Oman’s trading partners last year in non-oil exports - including chemicals, metals and machinery - as well as re-export activities, and merchandise imports, said a report. Other prominent trading partners included Saudi Arabia, India, China, Iran and UK.
Abu Dhabi will establish a national-scale AI supercomputer in India with 8 exaflops of compute capacity, marking a new phase in India’s AI infrastructure development.
India-based Vedanta Limited, a leading global producer of metals, oil & gas, power and technology as well as critical minerals, has reported solid third-quarter profit helped by higher production across key businesses, while its revenue climbed 19% to record $5.2 billion.
Etihad Guest, the loyalty programme of Etihad Airways, is celebrating a milestone across India, as the airline welcomes five new heavyweight loyalty partners to its rapidly expanding programme.
India raised public capital expenditure while keeping its fiscal consolidation plan intact in its Union Budget for 2026, signalling continued reliance on state-led investment to support growth amid global uncertainty.
Abdulla Al Marri, UAE Minister of Economy and Tourism and GCAA Chairman, met with India’s Civil Aviation Minister Rammohan Naidu Kinjarapu to explore enhancing civil aviation cooperation and strengthening the bilateral partnership to support economic growth, investment, and development between the UAE and India.
