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IndoArabInfo Team

CBIC Announces Updated Exchange Rates, Featuring Key Arab Currencies

CBIC Announces Updated Exchange Rates, Featuring Key Arab Currencies

The Central Board of Indirect Taxes and Customs (CBIC) has released new exchange rates, effective from 22nd September 2023. These rates pertain to the conversion of various foreign currencies into Indian currency and vice versa. They play a pivotal role in determining the value of imported and exported goods, directly

UAE Channels US$10 Billion in Investment Inflows to India during 2018-2022

UAE Channels US$10 Billion in Investment Inflows to India during 2018-2022

India, with its rapidly growing economy and a vast consumer market, has been a prominent hub for Foreign Direct Investment (FDI) from countries worldwide. Among these countries, the United Arab Emirates (UAE) stands out prominently. Over the five-year period from 2018 to 2022, India has received a cumulative FDI of

Emirates Airline Opens Two New Destinations in India for Its Customers

Emirates Airline Opens Two New Destinations in India for Its Customers

Dubai/Colombo, 19 September 2023 - A landmark reciprocal interline agreement has been inked between Emirates and SriLankan Airlines. This collaboration aims to provide improved connectivity for both airlines' passengers by offering access to several new destinations via their hubs in Dubai and Colombo, under one ticket with the added

UAE and Saudi Arabia Account for 40% of Indian Departures in 2022

UAE and Saudi Arabia Account for 40% of Indian Departures in 2022

In 2022, over half (51%) of Indian departures abroad were directed towards Arab nations, with the UAE and Saudi Arabia alone accounting for 40% of total Indian departures abroad as per the data released by Indian ministry of tourism. This trend is a fascinating one, and it highlights the growing

Saudi Arabia's Imports in Q2, 2023: India Holds 5.2% Share, China Dominates with 20.9%

Saudi Arabia's Imports in Q2, 2023: India Holds 5.2% Share, China Dominates with 20.9%

The latest data from the second quarter of 2023 provides a window into Saudi Arabia's evolving import dynamics with the world's leading economies. Overall, Saudi Arabia observed a modest 2.0% growth in its global imports compared to Q2 2022, amounting to 178,877 million Riyals as per the data

India Sources Half Its Crude Petroleum Needs from Arab Nations

India Sources Half Its Crude Petroleum Needs from Arab Nations

India stands as one of the globe's paramount energy consumers, heavily leaning on crude petroleum imports. Scrutinizing the recent data spanning January-July 2023, issued by the Indian Ministry of Commerce, a distinct trend in India's import behavior surfaces, revealing a notable inclination towards Arab nations. Yet, in a strategic pivot,

Sudan Tops the List: Imports Sugar Worth $377 Million from India in January-July 2023

Sudan Tops the List: Imports Sugar Worth $377 Million from India in January-July 2023

Amid growing media speculation regarding India's potential halt on sugar exports, Arab nations find themselves in a precarious situation. They currently rely on India for a significant 47.5% of their sugar imports. Data from the Indian Ministry of Commerce for January to July 2023 underscores the profound economic ties