Amazon is investing big in India.
The Seattle-based e-commerce giant has pumped in AED 2.3 billion rupees into its Indian subsidiaries.
They consider the Asian country as one of its fastest growing markets.
However Amazon is competing in India with Walmart Inc-owned Flipkart.
UAE becomes top 10 global exporter, WTO figures show
The UAE has become one of the world’s top 10 exporting countries for the first time, according to the latest figures from the World Trade Organisation’s (WTO) “World Trade Prospects and Statistics” report.
ADNOC Gas says domestic demand still being met after Habshan attack
ADNOC Gas said on Sunday that demand in the UAE was being met through its other facilities after the Habshan complex in Abu Dhabi was hit by debris from an intercepted attack on Friday.
OPEC+ adjusts output by 206,000 bpd from May
The eight OPEC+ countries, namely the United Arab Emirates, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and the Sultanate of Oman, announced an adjustment to oil production levels on Sunday, reaffirming their joint commitment to supporting stability in global oil markets.
More than 2,700 firms join Dubai Chamber of Commerce in March
Dubai Chambers said on Sunday 2,709 firms registered at Dubai Chamber of Commerce during March, with the largest share coming from the real estate, renting and business services sector, accounting for just over 41 per cent of new members.
UAE maintains strong credit rating with stable outlook after Moody’s review
The UAE Ministry of Finance has said the country's maintained its Aa2 credit rating with a stable outlook, following a periodic review of the country’s financial position by the credit ratings agency Moody’s Ratings.
The UAE’s air defence systems are actively responding to incoming missile and drone threats from Iran.
Authorities in Sharjah say four people have been injured in an incident at Khor Fakkan port on Sunday, after debris fell during a successful air defence interception.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call with his Syrian counterpart Ahmed Al-Sharaa, during which they discussed the close, fraternal relations between their countries and ways to strengthen cooperation.
