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Going beyond $: India, UAE sign -dirham trade pact

IndiaTimes Saturday, 15 July 2023
The Reserve Bank of India (RBI) and the Central Bank of UAE on Saturday decided to move further on strengthening the economic engagement between the two countries by agreeing to allow exporters and importers from either side to invoice and pay in their respective domestic currencies — rupee and dirham — while working on a messaging system that could be an alternative to SWIFT (Society for Worldwide Interbank Financial Telecommunication), the globally used system to remit money across borders.
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💡 newsR Knowledge: Other News Mentions

United Arab Emirates United Arab Emirates Country in West Asia

Dubai Rains: UAE Schools & Offices Close Amid Heavy Rainfall | Check Flight Updates | Oneindia News [Video]

Dubai Rains: UAE Schools & Offices Close Amid Heavy Rainfall | Check Flight Updates | Oneindia News

In a stark reminder of the climate crisis, heavy rain hits the desert nation of the UAE, prompting the closure of schools and offices. Trucks are deployed to tackle flooding in several areas, highlighting the struggle with large-scale rainfall. Join us as we explore the impact of extreme weather events and the urgent need for climate resilience in the region. #DubaiRain #UAE #UAERains #UAEFlood #UAESchools #DubaiFlood #DubaiFlights #UnitedArabEmirates #Oneindia ~PR.274~ED.101~GR.121~HT.96~

Credit: Oneindia    Duration: 03:01Published
Dubai Floods: Fresh Alert Issued for 'Unstable' Weather, As New Wave of Rain Hits Emirates| Oneindia [Video]

Dubai Floods: Fresh Alert Issued for 'Unstable' Weather, As New Wave of Rain Hits Emirates| Oneindia

Abu Dhabi and Dubai experienced heavy rain and thunderstorms earlier than expected, prompting an amber alert across the UAE. Moderate to heavy rainfall hit various areas, accompanied by lightning and thunder. Dubai Police issued safety warnings, urging caution and avoiding certain areas. Dubai Airports and PCFC announced measures in response to the inclement weather. The UAE braces for further rainfall, with May 2-3 identified as the peak period. #DubaiFloods #Dubai #DubaiWeather #DubaiWeatheralert #UAE #DubaiClimate #AbuDhabi #WeatherAlert #Worldnews #Oneindia #Oneindianews ~PR.320~ED.102~GR.122~

Credit: Oneindia    Duration: 02:17Published

Ireland beat UAE in T20 World Cup qualifier opener

Ireland recover from a batting wobble to secure an opening six-wicket win over hosts United Arab Emirates at the T20 World Cup qualifier.
BBC Sport
Dubai Floods: UAE Allocates $544 Million for Repairs After Record Rains | Oneindia News [Video]

Dubai Floods: UAE Allocates $544 Million for Repairs After Record Rains | Oneindia News

The United Arab Emirates unveils a $544 million fund for repairs following record-breaking rains and widespread flooding. Learn more about the government's response to the aftermath of the historic rainfall and its commitment to supporting affected Emirati families. #Dubai #DubaiFloods #DubaiRains #DubaiFlood #DubaiNews #UAEFloods #UAERains #UAENews #OmanRains #Oneindia ~PR.274~ED.155~GR.125~HT.96~

Credit: Oneindia    Duration: 03:02Published

Reserve Bank of India Reserve Bank of India Central Bank of India

Kotak Mahindra Bank Faces RBI Ban on Online Customer Acquisition, Credit Cards| Oneindia News [Video]

Kotak Mahindra Bank Faces RBI Ban on Online Customer Acquisition, Credit Cards| Oneindia News

RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken against HDFC Bank in 2020. The events underscore the need for stronger regulatory mechanisms. #kotakmahindrabankopenaccountzerobalance #kotakmahindrabank #kotakmahindrabanknews #kotakmahindrabankcreditcard #kotakmahindrabankcreditcardapply #kotakmahindrabankpersonalloan #RBI #RBInews #Moneynews #Oneinda #Oneindia news ~HT.178~PR.152~ED.194~GR.125~CA.145~

Credit: Oneindia    Duration: 05:03Published

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