India, UAE mark two years of free trade with 16% growth

India’s Commerce and Industry Minister Piyush Goyal shakes hands with UAE Economy Minister Abdulla bin Touq Al-Marri on March 17, 2023. (Piyush Goyal)
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Updated 02 May 2024
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India, UAE mark two years of free trade with 16% growth

  • Technology, innovation, and energy are main drivers behind the growth
  • UAE ambassador welcomes increase in trade as ‘resounding success story’

NEW DELHI: A broad trade and investment pact signed by India and the UAE two years ago has boosted bilateral trade by 16 percent, with India’s top business body seeing growth, especially in the innovation, energy and technology sectors.

The Comprehensive Economic Partnership Agreement was signed by India’s Commerce and Industry Minister Piyush Goyal and UAE Economy Minister Abdulla bin Touq Al-Marri in February 2022.

It has been in effect since May 1, 2022, reducing tariffs on about 80 percent of all goods and providing zero-duty access to 90 percent of Indian exports.

The pact has since significantly advanced bilateral exchanges, as they registered a year-on-year increase of more than 16 percent, according to data from the Federation of Indian Chambers of Commerce and Industry, India’s largest and oldest trade association.

“In the first two years of CEPA’s operation, trade between the two countries has grown remarkably by 16.41 percent, showing an increase of total trade from $72.87 billion in 2021-2022 to $84.84 billion in 2022-2023,” FICCI Secretary-General S.K. Pathak told Arab News.

“Most of this growth has been registered in energy, infrastructure and construction, technology and innovation, pharma and healthcare, tourism and cultural exchanges.”

The agreement made the UAE emerge as India’s key partner in the Gulf Cooperation Council region, with both countries expecting to increase the total value of bilateral trade in non-petroleum products to over $100 billion and trade in services to $15 billion by 2030.

Citing the “growing importance of the trade relations between the two countries,” Pathak said the FICCI had “set up an office in Dubai to work closely with industry and government and support business to achieve the full benefits of CEPA.”

Supported by the UAE and Indian governments, the UAE-India CEPA Council was also established earlier this year to enhance investment, trade ties, and the implementation of the pact’s rules.

The UAE Embassy in India celebrated the second anniversary of the agreement with members of the business community in Mumbai, India’s financial hub.

UAE Ambassador Abdulnasser Al-Shaali welcomed the growth in bilateral commercial exchanges as a “resounding success story,” solidifying the long-standing economic ties between the two countries.

“Over the past two years, we have witnessed remarkable growth in bilateral trade, a testament to the immense potential that exists when our complementary strengths are harnessed effectively,” he said during the event on Wednesday.

“The CEPA has not only opened new avenues for businesses to benefit from the bilateral partnership but has also fostered deeper integration of our economies, paving the way for increased investment flows and collaboration across diverse sectors.”


Man in critical condition after stabbing on London’s Westminster Bridge

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Man in critical condition after stabbing on London’s Westminster Bridge

  • Authorities have said that the incident is not being treated as terrorism-related

LONDON: A man is in critical condition after being stabbed during a reported fight on Westminster Bridge in central London, the Metropolitan Police confirmed on Sunday.

Emergency services, including the London Ambulance Service and an air ambulance, were called to the scene at about 10:45 UK time and an injured man was rushed to hospital for treatment.

A London London Ambulance Service spokesperson said: “We were called today (Sunday) at 10.46 a.m. to reports of an incident on Westminster Bridge, SW1.

“We sent a number of resources including ambulance crews, an advanced paramedic, an incident response officer and London’s air ambulance.

“We treated a man at the scene before taking him to hospital,” they added.

Three individuals have been arrested on suspicion of attempted murder, while a fourth has been detained for affray, the BBC reported.

Two of the arrested suspects sustained minor facial injuries and were also taken to hospital, according to police.

Authorities have said that the incident is not being treated as terrorism-related.

In March 2017, Briton Khalid Masood drove a car into pedestrians who were walking on the pavement along Westminster Bridge and Bridge Street, injuring more than 50 people, four of them fatally, before killing an unarmed police officer in the grounds of the Palace of Westminster.

He was then shot by an armed police officer, and died at the scene.


Bangladesh prepares to send trained nurses to Saudi Arabia in 2025

Updated 24 November 2024
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Bangladesh prepares to send trained nurses to Saudi Arabia in 2025

  • Authorities are preparing to fulfill a Saudi request for 150 Bangladeshi nurses
  • Migration of skilled Bangladeshi workers has been on the rise this year, government data shows

DHAKA: Bangladesh is preparing to send the first batch of trained nurses to Saudi Arabia by early next year, the country’s state-owned recruiting agency told Arab News on Sunday.

Bangladeshi nationals make up the largest group of expatriates in Saudi Arabia, with nearly 3 million working and residing in the Kingdom. But only a few dozen clinicians are among the group, according to Bangladesh Medical Association data.

In 2022, the two countries signed an agreement on the recruitment of health workers, targeting the large numbers of certified doctors, nurses and medics from Bangladesh’s more than 100 medical colleges.

Bangladeshi authorities are now preparing a batch of over 100 nurses to send to Saudi Arabia, said the Bangladesh Overseas Employment and Services Ltd., a recruitment agency under the Ministry of Expatriates’ Welfare and Overseas Employment.

“We got a request to send 150 nurses to the Kingdom … If everything goes alright, we can expect the first batch to (fly out) to the Kingdom early next year,” BOESL Executive Director Shawkat Ali said.

In Saudi Arabia, nurses must undergo the Saudi Prometric Exam in order to practice in the Kingdom. Though Bangladesh has many nursing school graduates, most do not have the required Prometric certifications, he added.

“Our nurses are very skilled and industrious … We have received huge queries for the nurses. But here they need to have the Prometric certification. If we can prepare them in line with the Saudi requirements, it will open new opportunities for our nurses.”

Only around 2 percent of Bangladeshi workers in the Kingdom are skilled professionals, but the number has been on the rise since the beginning of the year, according to data from the Bureau of Manpower, Employment and Training.

Though most Bangladeshi migrant workers are seeking employment in Saudi Arabia’s giga-projects under its Vision 2030 transformation plan, there has also been a growing demand for health workers from the South Asian nation.

“For our economy, exporting trained nurses to the Kingdom is a big opportunity. We are mostly an import-dependent country, so we need huge amounts of dollars to meet the import bills,” Ali said.

“If we can export a significant number of trained medical staffers, they would be able to send back more remittances.”


Ukraine shows fragments of new Russian missile after ‘Oreshnik’ strike

Updated 24 November 2024
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Ukraine shows fragments of new Russian missile after ‘Oreshnik’ strike

  • Russia on Thursday carried out a strike on the city of Dnipro last week
  • Use of IRBM in response to Ukraine’s firing US ATACMS and UK Storm Shadow missiles
UNDISCLOSED, Ukraine: Ukraine on Sunday showed journalists fragments of the Russian missile used to strike the city of Dnipro last week, after Moscow said it had tested its new Oreshnik ballistic missile.
Russia on Thursday carried out a strike on the city which President Vladimir Putin said was a test of its new Oreshnik hypersonic intermediate-range ballistic missile (IRBM).
Ukraine’s SBU security service displayed metal fragments, ranging from bulky to tiny, on fake grass in front of camouflage netting at an undisclosed location Sunday, AFP journalists saw.
The SBU did not name the missile used but said it was a type they had not seen before.
Oleg, one of its investigators, told journalists that “this is the first time the debris of such a missile has been found on the territory of Ukraine.
“This item had not been documented by security investigators before,” he added.
Oleg said that investigators are examining the fragments and will later “provide answers” on the characteristics of the missile.
He said that the missile was ballistic and had caused damage to civilian and “other infrastructure” in Dnipro.
In a televised address Thursday, Putin said Russia used the IRBM in response to Ukraine’s firing US ATACMS and UK Storm Shadow missiles into Russian territory, after the Kyiv allies lifted a ban on it using long-range weaponry to fire into Russia.
Putin said the missile flies at 10 times the speed of sound and cannot be intercepted by air defenses.
The president said it hit a defense industry production facility in Dnipro “which still produces missile equipment and other weapons.”
A Russian foreign ministry spokeswoman was heard answering a phone call about a strike on Yuzhmash during a press briefing. Yuzhmash is the Russian name of an aerospace manufacturer in Dnipro now called Pivdenmash.
Neither Kyiv nor Moscow has confirmed whether this was the target.
Putin has promised more combat testing of the Oreshnik missile and said it will go into serial production.
Ukrainian President Volodymyr Zelensky has called the strike “the latest bout of Russian madness” and appealed for updated air-defense systems to meet the new threat.
The head of Ukraine’s military intelligence has said Kyiv knew several prototypes of the missile had been produced before it was fired.

Indonesia’s Prabowo seeks UAE cooperation in industrialization efforts

Updated 24 November 2024
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Indonesia’s Prabowo seeks UAE cooperation in industrialization efforts

  • Indonesia’s new leader also visited Abu Dhabi in May as president-elect
  • Indonesia, UAE signed new agreements covering energy, tech, healthcare

Jakarta: Indonesia’s new leader, President Prabowo Subianto, is seeking closer cooperation with the UAE on Jakarta’s industrialization efforts as he made his first official trip to Abu Dhabi since taking office last month. 

Indonesia’s relations with the UAE grew under former President Joko Widodo, who in 2021 secured a more than $46 billion investment commitment from the Gulf state. The two countries signed a free trade deal a year later, which came into force last September.

The UAE was Prabowo’s last stop in his first foreign trip since becoming Indonesia’s new leader in October. 

“Now that I have earned the trust from my people to lead Indonesia, I want to continue our good relations,” Prabowo told UAE President Sheikh Mohamed bin Zayed Al-Nahyan during their first official meeting in Abu Dhabi on Saturday. 

Jakarta’s priorities are focused on defense, food security and energy security, he said, adding that the government also wants to implement a downstream policy that includes domestic processing of raw materials. 

“This means we want to perform a massive industrialization,” Prabowo said. “In this context, we see that the UAE and Indonesia have similar priorities. We can work together across different sectors and we want to invite the UAE to actively participate in our economy.”

The two leaders also presided over the signing of several agreements as part of their meeting, covering areas such as technology, renewable energy, infrastructure and health. 

“They agreed to increase trade between the two countries, specifically by optimizing the utilization of Indonesia-UAE CEPA,” Indonesian foreign ministry spokesperson Roy Soemirat told Arab News on Sunday. 

“President Prabowo welcomed the UAE president’s invitation to strengthen cooperation in infrastructure and collaboration in international forums to resolve global issues, including peaceful conflict resolution.” 

Prabowo’s visit to Abu Dhabi was his second this year, following a trip in May as president-elect. 

He was concluding his first overseas trip as president, which also included stops in China, the US, and the UK. 

 


Trumps names two Arab Americans for his Cabinet

Updated 24 November 2024
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Trumps names two Arab Americans for his Cabinet

  • President-elect Donald Trump nominated Dr. Janette Nesheiwat to be US surgeon general
  • He also nominated Dr. Marty Makary as head of the US Food and Drug Administration

CHICAGO: President-elect Donald Trump has named two Arab Americans to serve in his Cabinet once he is sworn into office in January.

Trump nominated Dr. Janette Nesheiwat to be US surgeon general and Dr. Marty Makary as head of the US Food and Drug Administration.

The appointments were applauded by Dr. Bishara Bahbah, chairman of Arab Americans for Trump, who helped the former president to win nearly half of the Arab American vote in the Nov. 5 election against US Vice President Kamala Harris.

“We are delighted with President Trump’s nomination of the first two Arab Americans to be part of his administration,” Bahbah said in a message to Arab News on Saturday.

“This is a testament to the hard work of Arab Americans for Trump and recognition of President Donald J. Trump of the role Arab Americans played in his election as the 47th president of the United States. AAFT looks forward to additional Arab American appointments in President Trump’s administration, particularly in the political field.”

Dr. Makary is a British American surgeon of Lebanese background. He is a public policy researcher at Johns Hopkins University serving as a professor at the Johns Hopkins School of Medicine and a professor, by courtesy, at the Johns Hopkins Carey Business School.

His current research focuses on the underlying causes of disease, public policy, health care costs, and relationship-based medicine. Dr. Makary previously served in leadership at the World Health Organization patient safety program and has been elected to the National Academy of Medicine.

Clinically, Dr. Makary is the chief of Islet Transplant Surgery at Johns Hopkins. He is the recipient of the Nobility in Science Award from the National Pancreas Foundation and has been a visiting professor at more than 25 medical schools. He has published more than 250 peer-reviewed scientific articles and has served on several editorial boards. He is the author of two New York Times bestselling books, “Unaccountable” and “The Price We Pay.”

Dr. Makary is also an anti-vaxxer who refused vaccination for COVID-19, a view shared by many of President-elect Trump’s conservative and Republican supporters.

Dr. Nesheiwat is a double board-certified medical doctor described on her website as “bringing a refreshingly no-nonsense attitude to the latest medical news, breaking down everything you need to know to keep you — and your family — healthy at all times.” She is also the author of “Beyond the Stethoscope: Miracles in Medicine.”

A graduate of the University of Arkansas for Medical Sciences, UAMS, Dr. Nesheiwat has been “shaped by her faith and her upbringing.”

Born in Carmel, New York, she is the daughter of Christian Jordanian immigrants and one of five children raised by her widowed mother, Hayat Nesheiwat. Her siblings are Julia Nesheiwat, Jaclyn Stapp, Dina Nesheiwat and Daniel Nesheiwat.