Emirates-Asia

Choosing The Right Forum For Business Disputes | Etisalat Sues Indian JV Partner In Indian Courts.

by Arti Sangar March 12, 2012

Late last month, the local media was flooded with reports of UAE-based operator Etisalat initiating legal proceedings in Indian courts against its Indian JV partner alleging fraud and misrepresentation. Given that the Indian court system is often criticized for its protracted judicial processes and accumulation of huge arrears of cases, the first question that comes [...]

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S.Korean Firm Signs $2 Billion Oil Deal with UAE

by admin March 5, 2012

A South Korean energy group is to invest US$2 billion as part of a project to develop three oil fields in the United Arab Emirates, officials said Monday.  This comes as Asia works to decrease its oil dependence on Iran.

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Etisalat Commences Legal Proceedings Against Swan Telecom Promoters

by admin March 5, 2012

- The Emirates Telecommunications Corporation – Etisalat has issued proceedings in the Indian Courts against Mr Balwa, Mr Goenka and Majestic Infracon Pvt Ltd for fraud and misrepresentation. Etisalat’s case is that it was induced to sign agreements without knowledge of the allegations of fraud now in the courts.   My Solution Info Related articles [...]

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Indian Costs Weigh Down Etisalat

by admin February 10, 2012

Abu Dhabi based Etisalat, the Middle East’s biggest telecom provider, posted a 4Q downturn of 65% in net profit due to a decision made last week by the Indian Supreme Court. Last week, the Court decided to cancel all mobile-telecom-service licenses issued  in the country without auction after January 2008. The decision raises uncertainty over billions [...]

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UAE Steps Up Oil Exports to Counter Iran

by admin February 8, 2012

The UAE’s Abu Dhabi National Oil Co. will increase exports in March to fulfill all crude oil contracts to Asia. The move will help Asian nations, which consume more than Iran’s exports of 2.6 million barrels per day (bpd), to reduce their reliance on Iran. China, India and Japan have come under increasing pressure to [...]

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UAE China Set to Enter New Stage of Relations

by admin January 16, 2012

Cooperation between the UAE and China looks set to enter a new phase of collaboration and cooperation. Following a meeting today in the UAE between Chinese Premier Wen Jiabao and President HH Sheikh Khalifa bin Zayed Al Nahyan, The President stated, “”We are looking forward that Mr. Jiabao’s trip to the UAE will constitute an [...]

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Japan Seeks Extra UAE Oil Shipments

by admin January 16, 2012

Japan’s Foreign Minister Koichiro Gemba is making an effort to increase oil shipments from the UAE. Japanese foreign minister Koichiro Gemba is touring Turkey and the Gulf states in a bid to shore up Japan’s oil sources in the event of tighter sanctions against Iran. Japan is apparently attempting to cut back its oil imports [...]

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Latin America India Investors Forum

by admin November 16, 2011

LatinFinance* reports that “investment and trade between India and Latin America increased to US$23bn in 2010 from $2.1bn in 2000. It is projected to reach $30bn by 2012 illustrating that the relationship between the two regions is growing deeper and becoming strategically important to the global economy.” The Latin America India Investors Forum, November 17 [...]

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Islamic and Emerging Markets Expected to be Trade Leaders

by admin October 31, 2011

Islamic and emerging markets are the places to be in coming years, according to Romy Buchari, a senior executive with HSBC’s Islamic banking section. HSBC’s recent forecast indicates that the UAE, Malaysia and Indonesia will emerge as major players as global trade volumes jump 73% to $40 trillion in the next 15 years. Muslim countries [...]

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Continued Growth Seen (and Predicted) in Trade

by admin October 24, 2011

Business in the UAE is picking up, according to recent reports. Foreign, non-oil trade increased 22% in the first half of 2011, as compared with the same period last year. Figures released by the Federal Customs Authority the UAE’s non-oil foreign trade increased by AED 80.7 billion to AED 445 billion. According to the figures, [...]

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