The Comprehensive Economic Partnership Agreement between UAE and India is in it the final stages of negotiation, according to India’s Minister for Commerce and Industry, Piyush Goyal.
The Minister said that there is "a lot of good news coming up," and hinted at favourable outcomes for businesses that trade between the two regions.
This deal would essentially see a free trade policy between the two countries, thereby reducing the barriers to doing business.
Goyal told industrialists and export facilitators during a meeting in Mumbai that the "UAE is the gateway to the GCC and to all of Africa," as the country works towards becoming the leading trading partner of the UAE.
"India-UAE bilateral relations have led to tremendous growth in the past few years and created a framework for strategic partnerships," said B Thiagarajan, Chairman for the Western Region of the Confederation of Indian Industry (CII) during the seminar.
The UAE recently committed $100 billion for investment and infrastructure creation in India.
Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.
Supermarket chain Spinneys has announced its decision to increase the number of shares allocated to the UAE Retail Offering of its IPO due to high demand.
The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has mourned the death of Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region.
A UAE aid convoy arrived at the Gaza Strip on Wednesday via the Egyptian Rafah crossing as part of "Operation Chivalrous Knight 3" to support the Palestinian people.