middle-east-news

India-UAE to sign bilateral investment protection agreement

Dubai, Dec. 9 : India and the UAE will sign an agreement that will promote and protect bilateral investments.


The pact will be signed next week i a revelation made by outgoing Ambassador of India to the UAE, MK Lokesh.

According to Gulf News, Lokesh made the announcement while speaking at the farewell lunch organised in his honour by Indian Business and Professional Council Dubai on Sunday.

The Bilateral Investment Protection Agreement (BIPA) will provide a comprehensive framework to investors from both countries.

Lokesh, who is among the brains behind BIPA, said that India and UAE have historic ties. He added that both the countries have worked hard to get the agreement ready that will regain investor confidence.

He said that a delegation from UAE headed by the Foreign Minister would visit New Delhi next week to sign the agreement with the Indian foreign Minister.

--ANI (Posted on 09-12-2013)

middle-east-news headlines

36 killed, 53 wounded in Iraq violence

Egypt court bans Muslim Brotherhood members from running in polls

'Middle East dependent on Asian oil demand'

Saudi king replaces intelligence chief

Indian woman jailed in Oman for husband's murder to be freed, deported

MERS under control, says Saudi Arabia

Indian among four charged for negligence in restuarant blast

Indians accused of drugging, robbing employer

UN chief enquires about Palestinian's peace process with Israel

Saudi Arabia cracks down on funding of militants abroad

World green summit kicks off in Dubai Tuesday

Palestinians reject Israel's economic sanctions

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top